FX Classic Trader Review – Compare The Best Forex EAs Robots 2023

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Below we present you with a detailed look at the features and the performance results of Classic Trader forex expert advisor. We have monitored a wide range of fx robot providers. Check out the complete list of reviews here.

FX Classic Trader was launched in the middle of last year. Announced as a creative EA solution that is both powerful and fast, the software quickly gains the experts’ interest in the field. In this FX Classic Trader review, we will look at the EA’s features, trading strategy and performing results to summarise if it’s worth adding it to your arsenal.

FX Classic Trader Overview

FX Classic Trader’s developer has decided not to disclose information on the company location or any other bio. This kind of non-transparency doesn’t necessarily speak poorly for the quality of the product. Still, it raises a red flag.

FX Classic Trader runs entirely on autopilot, and it is compatible exclusively with MT4 brokers’ accounts.

FX Classic Trader Features Review

According to the FX Classic Trader review, the EA offers several features, including full automation, smart money management, following FIFO, ongoing customer support and verified results. However, none of these makes FX Classic Trader stand out among other forex robots, as these are standard features shared by many of these products.

FX Classic Trader is sold in three different packages – Basic, Business and Premium. They all offer full automation, lifelong license and free upgrade and support. The only difference between the three besides the price (109 USD – Basic, 129 USD – Business, 149 USD – Premium) is in the number of accounts offered. The Basic mode offers 1 Demo and 1 Live account, while the Business and the Premium mode – 2 and 3 respectively.

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FX Classic Trader Trading Strategy Review

The FX Classic Trader official website doesn’t disclose much information on the EA’s trading strategy. They only point out it is not Martingale. We can see that the strategy is based on the support/resistance and indicator analysis. According to the developer, FX Classic Trader assesses the market daily with a unique algorithm, which decides when to open and close a transaction.

FX Classic Trader trades on EUR/GBP currency pair on the 30-minute time frame.

FX Classic Trader Performance Results

The EA is tracking its performance on the free web service FXBlue. This is another red flag. Commonly, forex robots will verify their performance on the myfxbook platform. According to their FXBlue data, FX Classic Trader shows a total return of 156.64% within the first four months of trading. The monthly returns are 32.2%, and the max drawdown is 1.8%. That, frankly, looks too good to be true, as established forex robots usually have a drawdown of 10% to 30%.

FX Classic Trader Conclusion

The vague and generic information provided by the developer doesn’t do a favour to their product. Traders with more experience in the field will probably pass on it at a glance. The significantly low price, however, might attract some more adventurous ones.

Pros:

► Low price (the Premium package is 149 USD)

► No Martingale strategy

► Follows FIFO

Cons:

► Only MT4 compatible

► No verified results with myfxbook

► Vague information about product specifics

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