KNOX EA Review Is Knoxforexea.com Legit Or Scam

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KNOX EA Review: Is Knoxforexea.com Legit Or Scam?

Knoxforexea.com Review: this is the website of a Forex Expert Advisor (EA) vendor that offers account management services. Is KNOX EA a scam or legit Forex trading firm? Forex robots sound very pleasing as they come in handy but not all of them work well. Read this review to find out more about the product.

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What Are Forex EAs, Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

KNOX Forex EA Review

The page states that the “prime concern” of the team running this service is “capital preservation”. They also mention some reasons why they think traders should all use Forex robots on the website. Knox EA is said to be the trading name of a software company called: Quantpartner Limited. The firm offers account management services, programming solutions, and forex robots.

KNOX EA Managed Account

This service is said to be brought by Chelton Wealth and only works on accounts with funds up to $10,000 and above. They claim to have made a profit of +420.58%. The company is said to be owned by Quanify GmbH which is located in Switzerland and recognized by the FINMA.

However, when we checked the online register, the Financial Markets Supervisory Authority does not have it listed. So, traders should just avoid the managed accounts offer because it is run by an unlicensed firm. It is dangerous entrusting funds with these kinds of unregulated trading outfits.

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INTERBANK EA Review

Interbank EA is a robot offered by KNOX EA and it is touted to be consistent. It has provided a profit of up to +122.35% and comes with the following benefits or advantages:

• Quick 5 minutes’ setup
• Ideal for any skill
• Learn as you go
• Plays well with others
• Works on any currency pair
• Professional support
• Speed of light execution
• Complete forex strategy
Using the robot gives high profit, gives traders control of both potential and risk appetite.

EQUIKNOX EA Review

This is another robot provided by the vendor. A profit of +167.78% is said to have been garnered by using this Expert Advisor. It comes with the same set of benefits and advantages as listed for INTERBANK EA above.

KNOX EA Price

In order to use any of the services above, interested clients would set up accounts with either Equiti brokers or AxiTrader. There are minimum funds required as well and they are:

EQUIKNOX EA – $3,000
INTERBANK EA – $3,000
Managed Accounts – $10,000 (comes with free VPS service)

Clients Feedback

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.

There was nothing of use found about the robot on third-party websites. This is a discouraging find as we advise vendors to encourage their clients to come forward with testimonies.

Trading results that are verifiable are not made available and rather we found them provided via demo accounts. Some are done via backtests as well.

Support

To contact the vendor or the customer service, dial +44 20 3287 5203 (UK) or email at [email protected]

Conclusion

We find the way information is presented on the KNOX EA website professional and encouraging. The managed account is provided by an unlicensed broker and we do not like this. The other brokers are properly licensed and inspire some confidence.

But we rate this robot vendor low because we are not told how any of the product work. No reviews from clients are available and we find no trading results. Anything to add to this review? Use the comment section and share your thoughts.

Knox EA Review – Is Knoxforexea.com Legit?

Knox EA (Knoxforexea.com) is a service aimed towards automating the trading sector and providing signals for the traders engaged in Forex, CFDs and other related asset class. Their results are said to be audited and verified by top regulators around the world. Moreover, the feedback and the comments from customers so far is positive.

Nonetheless, remember markets carry a degree of risk and you shouldn’t indulge with anything you don’t fully understand. On the bright side, if you are an experienced trader who embrace the algorithmic approach, then this platform might be able to cater to all your needs. To know what you will be getting yourself into on this platform, go through our complete review.

How does Knox EA Work?

EA’s in general are nothing but a type of automated trading wherein the parameters are fixed and when the set conditions arise, the bot will be placing and closing the trades on their own. Though, in theory it sounds simple, there are certain limitations and drawbacks to it which we are going to discuss later in the review.

Knox EA has different types of expert advisors with varying capabilities. All their products are accompanied by the backtesting report. Considering their honest approach which is already rare, having all the data at one glance is a big plus point. Their EA is compatible with the MT4 platform. So, for the vast majority of the retail clients it will be easier to install and run the software.

Results Advertised, Limitations and Support

Nothing is guaranteed in the world of trading. The strategies or methods which worked in the past doesn’t necessarily be profitable in the future. As retail clients always make sure to risk less than 2% per trade otherwise your account might get wiped out if flash crash scenario or sever gap up occurs. Returns shown on this platform ranges from 112% to 167% in less than 2 years. The numbers shown are extremely enticing and are slightly on the higher side.

Always remember, they are not guaranteeing you anything, but are simply showcasing the past performance. Major drawback of EA’s are that, it simply won’t work as intended. Eventually, the market conditions change and as a result the software might become obsolete.

To run expert advisors, you will need a few prerequisites like uninterrupted internet and a fail safe electricity supply. If any of the elements we mentioned before gets affected, then chances are it will severely damage your account equity curve. Fortunately, if you need any help or assistance regarding this, you can reach the support team through phone and email.

Below are the contact details of this firm.

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Phone – +44 20 3287 5203, +43 650 2652717, +61 2 8006 4634, +27 82 315 6628.

Affiliate Program

This service offers affiliate program which helps both themselves and the marketers. Anyone who has a lot of incoming traffic in the trading niche can take advantage of this offer to monetize their platform. On the other hand, by sharing a percentage of the sale the platform can also grow their revenue and not worry about spending money on marketing.

The exact CPA rate or commission is not stated on their website. However, if you are interested in working with them, you can get in touch with their support staff. After all, there is nothing wrong with promoting products or services which you personally believe in.

Forex Signals and Account Management

Apart from the EA’s, this platform also offers forex signals and account management services. The information about managed account is very scarce and the fee structure is also not clear. Moreover, the names and the performance of the fund managers are not revealed.

If you are after this specific service, then the only way to be safe is by starting with the minimum deposit amount and then scale it up if you are satisfied with them. Forex signal service provided by this firm can go up to 850 EUR per year. The cost involved is not at all reasonable, but it all depends upon perception and account size. Nonetheless, never go all in before test driving them out.

Knox EA Review Conclusion

Knox EA so far has maintained its reputation well in the sector. Their EA’s are reasonably priced and their other services are way too costly for the average trader. The best way to get started with them is by testing them out first and scaling it, if it makes sense financially.

Knox Forex EA Review – Another Scam?

AugurForex EA Overview

Strategy: Knox Forex offers 5 different robots, each with a different strategy ranging from swing trading, support and resistance trading, Heiken Ashi, hedging, metal trading.

Performance

These results are not real Knox Forex EA results, just demo. It offers just a measly 30% gain with a 41% drawdown, yuck no thanks! It also appears to be using martingale where their site claims its using Heiken Ashi with custom indicators. Sure that’s great but it’s still martingale.

Demo broker: AxitTrader
Start date: Jul 17, 2020

No customer accounts of AugurForex EA could be found.

The Good & The Bad

The Good

  • I can’t find any good reason to use any of these robots

The Bad

  • Vendor has no real money verified Myfxbook.com accounts
  • No refund policy
  • Martingale!
  • Extremely high priced
  • Must use one of their 2 brokers

Knox Forex EA Review

You must use one of their partner brokers (AxiTrader or Varianse).
Little information is known about Knox Forex EA yet, which more often than not means it’s not worth our time. We shall revise this rating when we have something of substance to say about the product.
Is it a scam or not? We are not 100% sure. Do you have experience with KnoxForex EA then please give a rating and leave a comment with your experience.

Remember if you are going to try Augur Forex EA that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of Knox Forex EA are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with KnoxForexEA or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

Ok guys lets get the ball rolling, here at ForexFBI we encourage our visitors to discuss your Knox Forex EA experiences, strategies, thoughts, whatever…

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