FXMasterBot Review

FXMasterBot is a relatively new forex trading software launched in 2017. Its proprietary trading platform is developed based on a trading algorithm that supports both manual and automated trading, which makes it a unique product on the market. Also, it has a free demo, several account types and live chat customer support.

The website and the trading room there are available in following languages: English, German, Danish, Spanish, French, Croatian, Italian, Dutch, Norwegian, Polish, Portuguese, Romanian and Swedish.

To show you what else you can expect, we’ve prepared this FXMasterBot review for you, so read on!

FXMasterBot Brokers

It is very important to emphasize that FXMasterBot is a forex trading robot and not a broker. After traders complete the simple registration process very similar to registration on any other website, they will be immediately connected with a broker of their own. The broker is assigned based on a set of criteria such as your geolocation, for example. Once you have a broker, you can make a deposit. Bear in mind that traders never deposit with FXMasterBot directly, but with the broker they have. Minimum deposit is $100, and minimum trade size is $25. These limits are also set by the brokers and not by the FXMasterBot. Deposit methods depend on the company you’re investing with, but all of them offer the most popular ones – credit cards and bank wire – while you can always ask for some local payment methods if you prefer to do things that way. In most cases, the same method is used for both deposit and withdrawal. Many FXMasterBot brokers are regulated by ASIC and CySEC.

As a forex trading software, FXMasterBot does not offer any special bonuses or promotions but focuses on high-quality service instead.

FXMasterBot Demo

FXMasterBot has three very different account types plus a demo account. Since the demo account is the first account type traders usually encounter, we will try to list all its most important features in this part of the review. Now, FXMasterBot demo is completely free of charge, and all you have to do is register. Once you register, you get access to the demo account with $1500 of virtual money. The great news is that you never have to request it to be activated by customer support, as everything is done automatically. Traders get a demo that is completely based on the Master Account – the most exclusive and expensive account type. They can use all features and settings available with real live trading accounts and become familiar with the platform before they even make a deposit.

FXMasterBot Account Types

Now that the demo account is out of the way, let’s see what real FXMasterBot account types look like. First up is the Novice Account, and the minimum deposit is $100. This is actually considered to be among the best beginners’ accounts in the industry. Traders won’t be overwhelmed by the platform, as they will have already tested it with a demo. Users get 3 currency pairs, free signals and the ability to keep three trades open at all times.
FXMasterBot Expert Account is next. This account type requires a $500 deposit, for which traders get 9 currency pairs, unlimited opened trades, auto trading and a part of advanced trading settings. Finally, there is the FXMasterBot Master Account, the most prestigious account type available after depositing. It is the most advanced account type, as you get access to the full list of assets, all advanced trades, and VIP customer support. Traders who opt for this account type usually want either a higher level of service or have more trading experience.

Please understand that FXMasterBot does not accept traders from the United States of America.

How does FXMasterBot Software Work?

FXMasterBot is a special forex trading software, mostly because it allows traders to use free signals manually or automatically. But what does that exactly mean?

First, it gives traders access and the ability to use one of the most advanced trading algorithms on the market. The algorithm can process the market movements and all related data much faster than any trader, even they are a specialist, can. Based on the processed information, the algorithm generates free signals that are delivered directly to the trading room.

That is where the trader takes over, but only if they want to. In case you want to trade manually, you have to acknowledge and accept the delivered signal that seems to be interesting and profitable. If you prefer automated trading, make sure to turn the auto trading ON. That way the algorithm will place the trade automatically instead of you. But our review is not done yet! Check out the settings you can adjust to your liking next.

FXMasterBot Settings

FXMasterBot allows traders a high level of customization. Depending on the account type, they can easily use different tools and settings to customize the signals delivered to their trading room.

Available trading features and settings are:

• Stop Loss
• Take Profit
• Signal Strength
• Reverse Trading
• Max Daily Trades
• Max Concurrent Trades

Also, during this review, we tested the customer support, which turned out to be professional and quick. We waited only for a minute to get our reply, and the agent was not trying to force or convince us to deposit, but to help us understand the features we asked about.

Is FXMasterBot Scam Possible?

If you’re looking for a FXMasterBot scam, you’re going to have a really hard time finding it. Like we said earlier in the review, business is done primarily with regulated brokers. The licenses these companies have make sure that no problems every arise because they are under strict supervision of internationally recognized regulatory bodies. But there’s more to security here than that.
We can also testify ourselves that there were no signs of a FXMasterBot scam during the time we were using this robot. Simply, everything was working exceptionally smoothly, and the software always fulfilled its promises. There were no glitches, inexplicable mistakes or errors of any kind. A 100% smooth experience, which was also supported by a competent support team, as mentioned in the previous part of this review. So, just relax and decide how you want to approach this product. There are many options at your disposal, and all of them are completely genuine. People here are working hard to provide you with the best possible service, which is certainly something we can appreciate. So, no FXMasterBot scam, it’s time to wrap up the review.

Conclusion

Our review has shown that this forex trading software has several advantages when compared to its competition. For example, the minimum deposit starts with only $100, and there is a free demo for all traders who wish to check out the platform first. The demo account is available immediately after the registration, so you won’t have to deposit first to unlock it. Also, the good side of this software is its responsive design that allows traders to access their trading accounts from different devices such as mobiles and tablets. They don’t have to download any apps or software. Regulated FXMasterBot brokers available on the platform are a proof that this is not a scam but a reliable software that will help you a lot during the trading process. Sign up today!