Forex Robot ReviewsPassive Income

Growex Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
6.6

Growex is a Forex-related signal service. We can rely on a two weeks long trial period. The developers claimed that this is a home of approved and tested signals. So, let’s check this out.

Growex company profile

The service has been existing since 2021. Val and Ed are the owners behind this service. They are from the UK and Cape Town.

The highlights of Growex

The presentation includes various claims about how good the system is. We are going to check them out.

  • We can expect that the signals will be delivered automatically.
  • There’s a 50% refund policy if signals aren’t profitable. 
  • Most likely, we should provide a trading history for this.
  • We are allowed to start working with a two week trial then we will be automatically charged for $29 monthly.
  • There’s a referral program of $10 bonus for every person subscribed.
  • The referral has to start a paid subscription.
  • We can rely on copy trading.
  • There’s inhouse real time support and updates for open trades.
  • The signals are pre tested on a real IC Markets account for” slippages, money-management, reliability, and profitability.
  • We can start working on a demo account so as not to lose money.
  • All partners are responsible traders.
  • The mixed unnamed strategies to diversify risks.
  • The signals are pretty precise and accurate.
  • Updates and support can be delivered via chat, email, or Telegram.
  • We should use an MT4 account.

Trading results with Growex

Growex trading results on Myfxbook
Growex trading results on Myfxbook

The robot has been running a USD-nominated account on FXOpen with 1:500 leverage automatically. The platform is MT4. The account has a verified track record and verified trading privileges. It was created on February 27, 2020, deposited at $14,005.65 and withdrawn at $21,477. The total gain is 734.26%. The maximum drawdown is 35.14%. It’s twice higher than it should be for conservative trading. 

Growex statistics
Growex statistics

It has performed 1403 orders and it could generate 7997 pips. An average win is 25.49 pips when an average loss is -33.34 pips. The accuracy rate is 66% for long and 65% for short trades. It is not high, meaning that half of orders are lost. 

Growex directions
Growex directions

The advisor trades 11 cross pairs. GBPUSD is the most traded (413 deals) adn the most profitable $2203.44 cross pair.

Growex risks
Growex risks

The advisor manages orders with medium risks. There should be 7 deals lost to lose 10% of the balance.

Growex closed orders
Growex closed orders

We can note aggressive grid with insane x15 Martingale. 

Growex monthly profits
Growex monthly profits

The system lost April 2021 in a big way (-31.14%).

Growex packages

We can subscribe for the signals for $29 monthly. There’s a 50% money-back guarantee if the system consistently loses money.

Assistance

The developers provide support via chat, email, and Telegram.

Other notes

Growex’ page on Trustpilot
Growex’ page on Trustpilot

Growex developers created a profile on Trustpilot. We can find 14 reviews here with a 4.4 final rate.

Growex testimonials
Growex testimonials
Growex testimonials
Growex testimonials

The clients mentioned that the system provides good signals and that the developers provide good support.

Is Growex a reliable system?

We don’t know this for sure about a huge loss a month ago. The system has to provide us with more upcoming information.

Growex Summary

6.6
Growex is a copy trading service that has discusseable trading results. We don’t know for sure how the system will act after losing much in April 2022. Anyway, the signals have an affordable price with 2-week trial to give them a try.
6.0

Performance statistics

9.0

Reviews from customers

5.0

Ease of use

3.0

Implemented strategies

10.0

Pricing

Pros

  • +Trading results provided
  • +Pretty affordable pricing
  • +A refund policy applied
  • +Positive reviews available

Cons

  • -No risk advice given
  • -No settings list provided
  • -No backtest reports shown
  • -The devs suggest IC Markets but use FXOpen
  • -The system lost much a month ago
Related posts
5.6
Crypto Robot ReviewsPassive Income

Napbots Review: Is It a Bot to Use in 2022?

2 Mins read
NapBots is an intriguing crypto platform providing a copy trading-style marketplace. Here, numerous profitable automated trading strategies are offered for a monthly…
Crypto Robot ReviewsPassive Income

CryptoHero Review: Is It a Bot to Use in 2022?

3 Mins read
CryptoHero offers different kinds of bots to help you trade crypto coins easily and faster. The systems include several settings like low,…
4.8
Crypto Robot ReviewsPassive Income

Trality Review:  Is It a Bot to Use In 2022?

3 Mins read
Trality is a crypto bot that employs a powerful Python API to develop algorithms and allows you to backtest your bot for…

Leave a Reply

Your email address will not be published.