Our review of FXCharger explores a popular automated trading strategy which works in conjunction with the MT4 trading platform. In theory, the strategy should help you to make consistent, profitable trades in major Forex markets.
Keep reading this review to learn what makes FXCharger special and whether it could be the perfect forex robot for you. Weigh up our expert opinions against your own needs and trading experience, and you’ll be able to make an informed decision by the end of this page.
How does FXCharger work?
FXCharger is a forex robot, which has been on the market for a number of years. It claims to be able to close in profit on a daily basis, and this is backed up by many different user testimonials. The EA, according to the creators’ website, using intellectual stop loss and take profit technology to ensure it adjusts to the current situation in the market.
FXCharger can be used on specific forex markets, depending on which FXCharger package you purchase. Our FXCharger review team found that the trading strategy has been thoroughly backtested according to the company. This offers a degree of transparency and consistency, although naturally there is nothing 100% certain in any trading environment.
This FXCharger system is designed in such a way that even if you do lose power and connection, the company guarantees that your losses will be capped at a certain level which you specify in the settings of the strategy prior to implementation.
Our FXCharger review team found the FXCharger EA to be compatible with the Metatrader 4 trading platform. This should be suitable for you, as this is the world’s most popular trading platform, offered by almost all major forex brokers.
How much does FXCharger cost?
There are two different FXCharger packages available. The first of these is the FXCharger Basic license, which costs a one-time fee of $385. Once purchased, you are free to implement the EA as often as possible, and you’ll also benefit from lifetime support. You should be aware that this version of FXCharger only works on the EURUSD currency pair.
If you are trading in additional or different currencies, then you’ll need FXCharger Max. At a one-time price of $495, this gives you access to the same great features of the basic system, in addition to working with both AUDUSD and EURGBP currency pairs. This means you are receiving two extra trading markets for just $110 more. If you plan on trading multiple markets, this is the package for you.
Unfortunately, FXCharger does not offer a free-trial period, yet it does come with a full 30-day money-back guarantee. If the software doesn’t perform as it should, or if your account balance drops over 30%, then a refund will be issued immediately. This guarantee is offered on the condition that you are using the recommended settings at all times.
When should I use FXCharger?
Our reviewers found FXCharger is useful if you predominantly trade any of the three major Forex currency pairs. It’s also suitable for both experienced and new traders, as it can be automatically applied through your Metatrader 4 EA menu.
FXCharger’s straightforward nature makes it perfect for traders who want to take advantage of the markets in the most efficient way possible. It may not, however, appeal to those who want a little more control of their trading strategy.
The software is competitively priced which again makes it a great choice for a variety of different traders. Our review experts would advise that you use FXCharger if you are short of time, and don’t want to be watching the markets continually.
Pros and cons of using FXCharger
- FXCharger can be used on major forex trading pairs, which means it should appeal to a broad range of traders.
- The system is reasonably priced and the money-back guarantee means if it doesn’t work, you won’t need to pay
- FXCharger can be used immediately after purchase through your MT4 EA menu.
- No free trial available for new users.
- Only works on a limited number of currency pairs.
Is FXCharger easy to use?
Our FXCharger review team found the system to be very easy to use. You should have absolutely no problem activating within your MT4 platform within a few minutes of receiving the product.
Since all of the boundaries are already set and the EA is delivered to you fully programmed, there is nothing complex for you to set up. Simply input your risk parameters and wait for it to make an impact.
Our review team found FXCharger to be a simple yet effective robot. It’s easy to set-up, competitively priced and offers a complete money-back guarantee should it not perform as advertised.
FXCharger is perfect for traders who are starting out with MT4, or who prefer to stick to a few major Forex markets. Whilst it doesn’t offer many customizable aspects, which may be disappointing to more advanced traders, it allows you to take your foot off the pedal and still accumulate profit.
The best brokers to use with this software are listed below.