FX Scalper X Review: Things to Consider Before Investing

FX Scalper X

FX Scalper X is inviting traders who are weary of searching online for the ideal strategy and tired of blowing accounts to try it out. The software, which is composed of a series of trading bots, promises to make your trading profitable. Apparently, it is trusted by more than 10,000 traders globally. 

The development team behind this EA is anonymous. The presentation doesn’t include any information about the names of the programmers, their professional backgrounds, location, contact info, etc. Some traders may not be comfortable working with nameless people because they wouldn’t know who to hold accountable in case the product fails to work. 

The highlights of FX Scalper X

We have summarized for you below the distinctive characteristics of FX Scalper X:

Offers 3 different robots

The software offers 3 profitable robots, and they include FX Scalper X, FX Scalper XX, and FX Scalper XXX.

Compatibility with all brokers

You can use the EA with any MT4 broker as it is compatible with all of them.

Free active product updates

Whenever the devs add new features to the system, you will receive them at zero cost. 

Safe and secure checkout

No commitments are required. So, you can cancel the EA with a single click in your account. 

Trading strategy of FX Scalper X

This robot is a scalper. This means that it focuses on attaining small revenues from fluctuations in currency. In essence, it doesn’t aim at gaining massive payouts because  many trades are closed after obtaining a few pips. 

Backtesting reports

There are no backtest results for this robot in the sales pitch. It is possible that the devs didn’t test the system. Subsequently, we cannot gauge if the EA is profitable in the long-term or not.  

Trading results in real time

Live trading stats on Myfxbook
Live trading stats on Myfxbook

As you can see above, FX Scalper X is trading on a real USD account at the moment. It began placing trades more than a year ago using a $2900.50 deposit. Till now, the attained profit is $3679.18, while the resulting total gain is 129.56%. The drawdown made is 25.82% and shows us that trading risks aren’t that high. 

Performance of trades
Performance of trades

The bot has conducted 8304 trades and won 27859.4 pips in the process. The profit factor is 1.58 when the traded lots are 100.48. To date, the win rates for long and short positions are 74% and 75%, respectively. We have more losses (-24.05 pips) than wins (12.45 pips).

Trading summary
Trading summary

All currency pairs have been used to complete thousands of trades, but the GBPUSD symbol is the most active one. As a result, it has brought in the highest amount of profit—$1688.01. 

Trading history
Trading history

The scalping strategy is apparent, and as expected, most trades have made small pips. The loss is, however, quite large and may erode some of the gains made. 

FX Scalper X price

The vendor offers various price options, and the cost of each depends on the period of use. For instance, if you want to work with the system for 3 months only, then you will spend $115 to acquire it. The biannual and yearly options are $155 and $195, respectively. But if you are more comfortable with a lifetime license, then you can pay $295 for the EA. No money-back guarantee is offered. 

Customer support

The support team can only be contacted via Telegram. So, there is no phone, live chat, or email support

Are traders happy with FX Scalper X?

Some are happy, and others are not. We found a total of 30 reviews for the EA on Trustpilot, and its rating is 3.3. As we assessed the testimonials, it became clear that the robot can increase your capital if you follow the vendor’s instructions clearly. At the same time, there are traders who associate the system with a high drawdown and therefore, warn that it could burn your account . 

Positive customer testimonial on Trustpilot
Positive customer testimonial on Trustpilot
Negative customer feedback on Trustpilot
Negative customer feedback on Trustpilot
Negative user review on Trustpilot
Negative user review on Trustpilot
Positive user testimonial on Trustpilot
Positive user testimonial on Trustpilot

FX Scalper X

FX Scalper X
3 5 0 1
The EA works with any broker, and since it is fairly priced, you can easily access it. However, you have to keep in mind that the system focuses on making small wins, and in some cases, the losses may be higher. So, it is very likely you will end up with a poor risk/reward ratio.
The EA works with any broker, and since it is fairly priced, you can easily access it. However, you have to keep in mind that the system focuses on making small wins, and in some cases, the losses may be higher. So, it is very likely you will end up with a poor risk/reward ratio.
3/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    2/5 Bad
  • Reliability
    3/5 Neutral
  • Price
    4/5 Good
  • Customer testimonials
    3/5 Neutral

Advantages

  • Fair pricing
  • Features 3 robots
  • Works with all brokers

Disadvantages

  • Poor risk/reward ratio
  • Zero vendor transparency
  • Limited customer support options
  • Low profitability rate
Total
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