AX Trader Review: Things to Consider Before Investing

AX Trader

AX Trader is a trading solution that belongs to LeapFX. They are pretty known developers on the Forex market. They write wordy presentations as usual. It’s a significant disadvantage. The developers offer “This Powerful NEW High Frequent Trading Currency Robot That Can Hand You Up To 39% Profit Per Month AUTOMATICALLY.” We decided to check the advisor to understand if it fits our expectations. 

The highlights of AX Trader

The robot has some details, settings, and features of it explained. 

  • It works automatically on the terminal for us. No extra effort is needed. 
  • We can work on the MT4 terminal without problems. 
  • It provides us with up to 38% monthly profits. 
  • There are customizations to make more profits when the market moves. 
  • There’s a user guide that can help us with installation. 
  • There’s welcome and helpful support provided. 
  • It has money-management features to help us with lot sizes. 
  • It should work well with default settings. 
  • The money-management also calculates Entry Point, Lot Sizes, Take Profit, and Stop Loss levels.

Money management

The advisor helps us with many duties like calculating lot sizes, placing SL and TP levels. So, it helps to set an account at the healthy level of risks. 

Generates some of the monthly income

The advisor is profitable this year. It hasn’t lost any month. It’s solid. 

Drawdown control

It handles drawdowns, sitting in them extremely rarely. This option may be customized by us. 

Trading strategy of AX Trader

  • “AX Trader is engineered to determine the direction of the overall trend while dynamically adjusting its entry points utilizing data from Fibonacci calculations.”
  • We are allowed to open trades on EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, and USDCHF. 
  • Time frames weren’t mentioned. 

Backtesting reports

AX Trader backtest report
AX Trader backtest report

The presentation includes a screenshot of a test that was performed on MT4 terminal. We don’t know if it’s real to be convinced that the system fits our expectations. 

Trading results in real time

AX Trader trading results
AX Trader trading results

The system trades on the terminal automatically for the developers on Blaze Markets. The leverage is 1:200 and the platform is MT4. The account has a verified track record. It was created on April 01, 2021, and deposited at $5,000. Since then, the absolute gain has amounted to 371.74%. An average monthly gain is 19.09%. The maximum drawdown is sky-high, indicating a risky approach. 

AX Trader statistics
AX Trader statistics

The system has executed 15,737 deals with 3201.8 pips. An average win is 8.07 pips when an average loss is -29.21 pips. The win rate is 79% for longs and 78% for shorts. An average trade length is 13 hours 42 minutes. The profit factor is 1.52. 

AX Trader hourly activities
AX Trader hourly activities

As usual, it focuses on the European trading hours. 

AX Trader daily activities
AX Trader daily activities

Wednesday is the best day to trade more actively. 

AX Trader risks
AX Trader risks

The system works with low risks to the account balance. 

AX Trader closed orders
AX Trader closed orders

It uses a Grid of orders with Martingale to make profits. 

AX Trader monthly activities
AX Trader monthly activities

The risks with profitability have been going down this year. 

AX Trader price

AX Trader pricing details
AX Trader pricing details

The offer looks familiar to us. The one-year membership can be bought by us for $297. The lifetime real-account membership costs $497. Both packages have in common: AX Trader Software, free updates, welcome and reliable support, best recommendations. As usual, we can rely on a 30-day refund policy if the system’s performance isn’t great. 

Customer support

LeapFX provides solid and quick support for both: customers and potential clients. It’s a con for sure. 

Are traders happy with AX Trader?

We don’t know because there were no mentions about how the system worked on clients’ accounts.

People say that AX Trader is …

People testimonials on FPA
People testimonials on FPA

Alt: People testimonials on FPA.

LeapFX runs a page on Forex Peace Army with fourteen reviews that formed a 2.944 rate. We have no their trading accounts connected. 

People testimonials
People testimonials

There are some negative and positive comments. We have no intel about AX Trader alas. So, we have to guess if it’s good to go. 

AX Trader

AX Trader
3 5 0 1
AX Trader is a trading solution that makes profits on a real account. The presentation looks wordy and not information-focused. We don’t have backtest reports mentioned. The same we can tell about testimonials. People didn’t share their experience of using the system.
AX Trader is a trading solution that makes profits on a real account. The presentation looks wordy and not information-focused. We don’t have backtest reports mentioned. The same we can tell about testimonials. People didn’t share their experience of using the system.
3/5
Total Score
  • Profitability
    4/5 Good
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    3/5 Neutral
  • Customer Testimonials
    4/5 Good

Advantages

  • A well-known robot designer
  • Trading results provided
  • A refund policy applied

Disadvantages

  • No team revealed
  • No risk advice given
  • No backtest reports provided
  • The profitability has been going down since the beginning of 2021
  • No testimonials about the system written
Total
0
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