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Magic FX Review

Magic FX EA Reviews

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Magic FX EA is a fully automated EA mainly designed to trade EURAUD, EURCAD, GBPCAD, GBPUSD on the 5M time frame. The robot only needs a minimum deposit of 50$ to work and is usually being sold for $445(LifeTime).

Let’s analyze this robot in full detail so that the Forex community understands how it works and if it should be trusted. If you have already used this robot; feel free to leave a review of your experience with this robot down below.

Magic FX work based on channel indicator and candlestick patterns to open and close trades. It’s only trades every day at a specific time. The EA does not use grid, martingale, or other dangerous money management methods. Magic FX EA doesn’t open a lot of trades, around 16 trades a week.

The most important part of an EA review is obviously the trading history. And for Magic FX EA Review there are MQL5 copy trading signals since September 2020 with a steady growth of 30% for a month while having a maximum drawdown of 9% using an initial deposit of 50$ from the official seller. There are also some Myfxbook verified results with similar results to MQL5 Signals but I’m not sure they’re from the official developer. Since EA is new there aren’t a lot of results. Still, the track record of the existing result of this EA is very good.

  • Magic FX Reviews
  • Magic FX EA Review

OVERVIEW

  • Published 5 October 2020
  • Price 99$
  • Minimum Deposit 70$
  • Martingale : No ❌
  • Scalping : No ❌
  • Grid : No ❌
  • Hedge : No ❌
  • HFT : No ❌
  • Other : Yes ✅

Frequently Asked Questions About Magic FX EA

Yes, you can try Professional Magic FX EA before buying. Just like almost all of MQL5 EA can be tested before purchasing in the Strategy tester for free.
MQL5 accepts Visa, Mastercard payment cards, Paypal, UnionPay payment methods.
Any Autotrading method comes with its own risk so hard to answer that question for any EA, Check reviews of Professional Magic FX EA down below.
Hard to say how trustworthy is Magic FX EA since its developer’s  (Alexey Bolshakov)  EA had some troubles in the past.
The minimum deposit for Magic FX is 100$.
After You purchase Magic FX EA, it will automatically be added to your MT4 terminal.
Any Autotrading method comes with its own risk so hard to answer that question for any Magic FX.
Magic FX EA is published on 5 October 2020 and its developer doesn’t have a very good track record.
Yes, you can make money with this Magic FX EA. But it comes with a risk.
Approximately 250 people use Magic FX EA.
Magic FX EA doesn’t use scalping
Magic FX EA doesn’t use Hedging.
Magic FX EA doesn’t use Grid.
Magic FX EA doesn’t use Martingale.
Yes, Magic FX need an ECN broker.
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