The Fund Trader is a Forex expert advisor that claims to have generated an incredible 29,000% profit through a brokerage account. This is a fully-automated system that trades in 18 different currency pairs. In this review, we are going to look into different factors like trading statistics, features, strategy, price, and customer support to check the veracity of the vendor’s claims.
The Fund Trader company profile
The parent company behind this EA is known as LeapFX. This company is based in New York, United States, and they have been manufacturing Forex EAs for quite some time now. The team is well-known for building profitable EAs like Funnel Trader 2.0, Automic Trader, DynaScalp, AX Trader, Trade Explorer, Bounce Trader, etc. The creator of this system is known as Gordon Francis. This person is a full-time trader who used to work with a London-based Forex trading firm.
The highlights of The Fund Trader
This is a fully-automated expert advisor supported by verified trading statistics. It is compatible with small accounts and it avoids using risky trading strategies like grid and martingale. Some of the currency pairs compatible with this system include AUD/CHF, AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CHF, GBP/JPY, GBP/USD, USD/CAD, USD/JPY, XAU/USD.
You can get started with as little as $250-$500 on a Forex broker account. The user has the freedom to choose the maximum risk and the trade size. After this, the robot will start running automatically, placing trades directly from the head trader’s account into yours. All of the actions will be copied, including the opening and closing of trades.
The EA follows a two-step approach to the markets by analyzing the fundamental and technical levels for each Forex pair in the market. This way, it can determine the entry points and the trade direction. Afterward, it uses a semi-automated program to monitor and calculate the exit points. The average trade length is 5-24 hours.
Facts & figures
Unfortunately, there are no backtesting results for this robot provided. So, we cannot see what trading results the system achieved in the past. Nevertheless, the dev shares live trading results that let us see and analyze how the system performs under the real market conditions.
This trading account on Myfxbook was launched on April28, 2021. Since that time, the EA has generated 116 trades through this account, winning 86% of them and generating a total profit of $14,349.49. The win rate is incredibly high and the total profit generated is quite substantial, considering the account has been active for less than a year.
At this moment, the daily and monthly gains are quite satisfactory at 0.37% and 11.72%, respectively. The account has yielded a time-weighted return of +231.28% and it has a drawdown of 83.61%. Looking at the high drawdown, it is evident that the EA is following a risky strategy. However, since the win rate is incredibly high, this shouldn’t be an issue. It has a profit factor of 7.36, which is quite impressive.
Here we have the recent trades conducted through this account. For the last few trades, the EA has used a fixed lot size of 0.50. It manages to win the overwhelming majority of its trades, and for some orders, it generates large profits. The average trade length is 4 days, while the average win and loss are 52.62 pips/$166.07 and -100.60 pips/-$141.12, respectively.
The Fund Trader packages
There are two pricing plans for this expert advisor. The first plan has a validity period of 3 months and it costs $297. For the yearly plan, you need to pay $597. Both the plans are quite affordable compared to the market average. The vendor offers free updates and a 30-day money-back guarantee.
If you require assistance, you can reach the support team through the email address or the contact form.
There are no reviews for this EA, but LeapFX has a rating of 4.1/5 on Trustpilot, based on 14 testimonials. Many users claim to have won large profits with the EAs the company offers.
Is The Fund Trader a reliable system?
The EA has a verified track record of winning profits in the live market. It has a high win rate and comes at an affordable price.