Forexfury.com Reviews

Based on checking the website, Forex Fury presents itself as a prominent automated trading robot EA designed to help traders grow their accounts with a high purported winning track record.

The platform emphasizes its ease of use, compatibility with various trading platforms like MT4 and MT5, and a dedicated support team.

This review will delve into the claims, features, and overall proposition of Forex Fury, offering a comprehensive look at what potential users might expect from this automated trading solution.

Find detailed reviews on Trustpilot Forexfury.com Reviews

Understanding the Forex Fury Robot: Core Features and Claims

So, what exactly is Forex Fury trying to sell you? At its core, it’s an automated trading robot, also known as an Expert Advisor EA, built for the Forex market.

Think of it like a piece of software that plugs into your trading platform MetaTrader 4 or 5 and, supposedly, makes trades for you based on its internal algorithms.

They’re making some bold claims, so let’s break down the key features and promises they highlight.

The “93% Winning Track Record” and Myfxbook Verification

First off, the headline grabber: a “93% winning track record.” That’s a big number, and it’s immediately followed by the claim of “verified Myfxbook accounts.”

• What Myfxbook Verification Means: Myfxbook is a third-party service that allows traders to connect their live or demo trading accounts and track their performance transparently. “Verified” means Myfxbook has confirmed the account owner and the trading privileges i.e., whether the account is real or demo, and if the owner has control over it.
• The Nuance of “Winning Track Record”: While a 93% winning rate sounds phenomenal, it’s crucial to understand what “winning” entails in this context. Does it mean 93% of all trades are profitable, even if some profits are minuscule and some losses are significant? Or does it refer to a net profitability over time? The website points to specific Myfxbook links. A diligent review of these links would reveal important metrics like drawdowns, average profit per trade vs. average loss per trade, profit factor, and consistency. For instance, an account could have a high win rate but still incur substantial losses due to poor risk management on losing trades, making the overall equity curve flat or even declining.
• “Expect to get better with each and every passing day”: This is a forward-looking statement that, while optimistic, lacks concrete data or a clear explanation of how it will get better. Is it through continuous algorithm refinement, or simply a hope?

Compatibility Across Platforms and Brokers

Forex Fury emphasizes its broad compatibility, which is a significant selling point for traders who might already have preferred brokers or platforms.

• MT4 and MT5 Build 600+: This ensures that the EA works with the most widely used retail trading platforms. MetaTrader 4 and 5 are industry standards, so broad compatibility here is expected and necessary for any serious EA.
• NFA, FIFO, ECN Compatibility:
  • NFA National Futures Association: This pertains to regulatory compliance, particularly for traders in the United States. NFA rules can impact how EAs function, especially regarding hedging.
  • FIFO First-In, First-Out: Another NFA rule, FIFO dictates that the first trade opened must be the first one closed. EAs need to be designed to adhere to this if targeting U.S. clients.
  • ECN Electronic Communication Network Brokers: ECN brokers offer direct access to interbank market prices, often resulting in tighter spreads and faster execution. An EA compatible with ECNs suggests it can handle the potentially faster pace and smaller spreads of such environments.
• “Works With ANY & ALL MT4/MT5 Trading Brokers”: This is a strong claim. While many EAs are designed for general use, specific broker conditions like spread sizes, commission structures, and execution speeds can still impact performance. The claim implies robustness across diverse brokerage environments.

Risk Strategies and Money Management

The website mentions “Low, Medium & High Risk Strategies” and “Effective Money Management To Ensure Sustainable Growth.” This suggests flexibility in how the EA can be deployed, catering to different risk appetites.

• Customizable Risk: Traders can supposedly adjust settings to align with their comfort level. This is crucial because an aggressive setting, while potentially yielding higher returns, also carries a proportionally higher risk of significant drawdowns.
• “Effective Money Management”: This is a vague but vital component. True effective money management in an EA usually involves:
  • Position Sizing: Calculating trade size based on a percentage of account equity to limit risk per trade.
  • Stop-Loss and Take-Profit Levels: Automatic placement and adjustment of these critical order types.
  • Trailing Stops: Dynamic stop-loss orders that follow the price as it moves favorably.
  • Drawdown Control: Mechanisms to prevent catastrophic losses during unfavorable market conditions.
    The website doesn’t detail how its money management is effective, leaving it to the user to potentially discover through its settings.

Asset Coverage and Trading Flexibility

“Trade Any Pair, Indices, or Crypto” implies a broad range of tradable assets, which is appealing.

• Forex Pairs: The core focus, naturally.
• Indices: EAs can be configured to trade major stock indices e.g., S&P 500, DAX.
• Crypto: Trading cryptocurrencies via MT4/MT5 is increasingly common through CFD brokers. This expands the potential market for the EA.
• “1000+ Ways to Profit”: This is more of a marketing flourish than a concrete technical detail. It likely refers to the myriad combinations of settings, pairs, and timeframes a user could potentially use, rather than 1000 distinct, pre-programmed profit strategies.

Installation and Support

Ease of use and solid support are often make-or-break factors for automated trading software.

• “Easy 5 Minute Installation With Full Guides and Videos”: This is a positive indicator, especially for less tech-savvy traders. Comprehensive guides and video walkthroughs reduce the barrier to entry significantly.
• “Ultra Responsive Support Team”: They claim a fast and thoughtful response. For an automated tool, quick and effective support is paramount when troubleshooting or optimizing settings. The invitation to “test us!” on their email responsiveness is a good sign of confidence.

In essence, Forex Fury positions itself as a robust, user-friendly EA with a high win rate, extensive compatibility, and flexible risk management, all backed by strong support and verified results.

The proof, however, is always in the pudding—or, in this case, in the detailed Myfxbook accounts and real-world performance under varied market conditions. Officialhoverboard.co.uk Reviews

Delving into the “Verified” Trading Results and Myfxbook Data

Forex Fury prominently features its “real trading accounts” and “track records and trading privileges are fully verified by a third party Myfxbook.” This is where the rubber meets the road, as actual trading performance is the ultimate arbiter of an EA’s effectiveness. But we need to put on our critical thinking hats.

The Importance of Myfxbook Verification

Myfxbook is a legitimate and widely respected platform for tracking trading performance.

Its verification process adds a layer of credibility.

• “Track Record Verified”: This means Myfxbook has confirmed that the trading history displayed matches what happened on the connected broker account.
• “Trading Privileges Verified”: This confirms that the person linking the account has control over it, distinguishing real accounts from potentially fabricated ones.
• Why it Matters: Without third-party verification, anyone can create a fancy spreadsheet of “results.” Myfxbook provides a crucial audit trail.

Analyzing the Displayed Myfxbook Accounts

The website showcases several Myfxbook links, including:

• Forex Fury USDJPY: A live account tracking USD/JPY.
• Fury $20k LIVE: A live account with a $20,000 starting balance.
• FURY $10K-$20K 4 DAYS: An account demonstrating rapid growth over a short period.
• Forex Fury 7 Years: Suggests long-term performance.
• Fury LOW DD: Implies a low drawdown strategy.
• Forex Fury GU NEW: Likely a new account focusing on GBP/USD.
• Forex Fury Verified EURUSD 50K: A verified account with a $50,000 balance.
• Fury V6 GBPUSD FLIP: Another GBP/USD account, possibly related to a specific version.
• Fury V6 GOLD NEW: A new account focusing on Gold trading.

What to Look for When Reviewing These Accounts If Accessible:

When evaluating Myfxbook accounts, you need to go beyond the glossy percentage gain. Here’s your checklist:

• Gain % vs. Absolute Gain: A 100% gain on a $100 account is $100. A 10% gain on a $100,000 account is $10,000. Context matters.
• Drawdown Max Drawdown, Absolute Drawdown: This is arguably the most critical metric. It represents the largest peak-to-trough decline in the account equity during a specific period. A low drawdown is desirable, as it indicates less risk and smoother equity growth. A high drawdown e.g., 50% or more means the account lost half its value at some point, which can be devastating for a trader’s capital and psychology. A low drawdown account like “Fury LOW DD” would be worth a deeper look.
• Profit Factor: This is the ratio of gross profits to gross losses. A profit factor of 1.5 means for every $1 lost, the system made $1.50. A higher profit factor is better.
• Expected Payoff: The average profit per trade. Is it consistently positive?
• Win Rate vs. Risk/Reward Ratio: The 93% win rate needs to be viewed in conjunction with the risk/reward. If the average winning trade is 5 pips and the average losing trade is 100 pips, a high win rate won’t save the account. It’s often better to have a lower win rate with a high risk/reward e.g., 50% win rate but average win is 2x average loss.
• Trading Activity Number of Trades, Average Holding Time: Is the EA trading frequently or infrequently? Does it hold trades for a long time swing trading or short periods scalping? This gives insight into its underlying strategy.
• Broker Used: Different brokers have different spreads, commissions, and execution speeds, which can influence an EA’s profitability.
• Started Date: How long has the account been running? Longer track records generally indicate more robustness and resilience across various market conditions. A “Forex Fury 7 Years” account, if truly live and profitable for that long, would be a strong indicator.
• Consistency: Is the equity curve smooth and steadily trending upwards, or is it volatile with large swings? Consistent performance is highly desirable.
• Live vs. Demo Accounts: While demo accounts are useful for initial testing, live accounts with real money carry psychological and execution differences. The website states they show “both live and demo accounts,” so distinguishing between them is important.

Caveats and Considerations

Even with Myfxbook verification, a few things to keep in mind:

• “Best Case Scenarios”: Companies often showcase their best-performing accounts. The settings used on these accounts might be highly aggressive or specific, and may not be easily replicable by an average user or suitable for their risk tolerance.
• Curve Fitting: EAs can sometimes be “curve-fitted” to historical data, meaning they perform exceptionally well on past market conditions but struggle when those conditions change. A longer, consistent live track record across various market phases trending, ranging, volatile helps mitigate this concern.
• “Update: Settings for our accounts can be found in our members area and are always free to download.” This is a positive note. It means users can access the specific settings that produced the advertised results, which is crucial for attempting to replicate performance.

In summary, while the presence of verified Myfxbook accounts is a positive step, the real value lies in a thorough, critical analysis of the detailed statistics provided on those Myfxbook pages, focusing on risk metrics as much as, if not more than, pure gain percentages.

Pricing Structures: Gold vs. Diamond Packages

When you’re looking to invest in an automated trading system, the pricing structure is obviously a big deal. Forex Fury offers two main packages: Gold and Diamond. Let’s break down what you get with each and what the cost implies.

Gold Package: The Entry Point

• Price: $249.99 Arisefrom.com Reviews

• What you get:

  • 1 Live Account License: This is the most crucial part. It means you can run the Forex Fury EA on one real money trading account simultaneously. If you have multiple live accounts you want to automate, this package won’t cut it.
  • Unlimited Demo Licenses: This is a standard and valuable offering. It allows you to test the EA extensively on demo accounts without risking real capital. You can try different settings, brokers, and strategies without financial consequences.
  • Free Updates for Life: This is a significant benefit. Markets evolve, and a good EA needs to be updated to remain effective. Lifetime updates mean you won’t incur additional costs for future versions or bug fixes.
  • Easy Installation Videos: As mentioned before, these are crucial for getting started smoothly.
  • High Performance Settings: This likely refers to recommended settings that the Forex Fury team believes offer the best performance.
  • Lifetime Membership: This reinforces the “free updates for life” and suggests continuous access to their member’s area and resources.

• Who it’s for: This package is ideal for individual traders who only need to automate one live trading account. It’s a lower entry price point to test the waters with real money.

Diamond Package: For the More Serious Trader or Multiple Accounts

• Price: $459.99

  • 2 Live Account Licenses: This is the primary differentiator. If you manage two live accounts, or want to diversify your risk by running the EA on different brokers or with slightly different strategies on two separate live accounts, this package provides that flexibility.
  • Unlimited Demo Licenses: Same as Gold.
  • Free Updates for Life: Same as Gold.
  • Easy Installation Videos: Same as Gold.
  • High Performance Settings: Same as Gold.
  • Lifetime Membership: Same as Gold.

• Who it’s for: This package caters to traders who want to run Forex Fury on more than one live account. This could be someone with a larger capital base, or someone managing accounts for others though using EAs for managed accounts comes with its own legal and ethical considerations. The additional license effectively costs $210 $459.99 – $249.99, which might be a worthwhile investment for the added flexibility.

General Pricing Considerations

• One-Time Payment: The website explicitly states, “Yes! There are NO updates, upsells or extra charges.” This is a big plus. Many EAs use subscription models or charge for major version upgrades, which can add up over time. A one-time payment for lifetime access is generally seen as a better value proposition if the EA proves effective.
• Value Proposition: The value of these packages ultimately depends on the EA’s performance. If it consistently generates profits, even the Diamond package’s $459.99 becomes a minor cost. If it struggles, then even $249.99 is too much.
• Comparables: In the EA market, prices can range wildly from free open-source options to several thousands of dollars for highly specialized or institutional-grade software. Forex Fury’s pricing falls into the mid-range for a commercial retail EA with lifetime access.
• “Limited Time… Coupon: 2025 FURY15”: This indicates they regularly run promotions, which can make the packages even more appealing. Always check for current discount codes before purchasing.

In essence, Forex Fury’s pricing is straightforward: a one-time fee for lifetime access and updates, with the primary difference between packages being the number of live accounts you can operate simultaneously.

This model is generally favorable to consumers compared to recurring subscriptions, assuming the product delivers on its promises.

Customer Testimonials: A Look at User Feedback

Customer testimonials are a common feature on product websites, offering a glimpse into user experience.

Forex Fury presents a section titled “Client Testimonials” with the claim that “The client feedback for our product is over 90% positive.” They also mention, “We are not perfect, but we are always updating, learning, and bettering our service through free updates and continuous development.”

Let’s dissect the nature of these testimonials and what to consider when evaluating them.

Examples of Testimonials Provided

The website showcases several testimonials, some of which are dated e.g., September 1, 2023, August 3, 2023, indicating they’re not all fresh, but some are from February 2025, which suggests recent engagement. Here are some examples: Fantasyfragrancecompany.com Reviews

• Sophie Fisher February 26, 2025 via Trustpilot: Claims to be a “pro trader” who successfully passed funding account phases with Forex Fury on demo and then live accounts. This is a powerful testimonial if true, as passing funding challenges is a specific and highly sought-after outcome for many aspiring traders.
• Luca Allan February 24, 2025 via Trustpilot: Reports a “50% increase” in their account after 6 months. This suggests consistent, significant growth.
• David Woods February 18, 2025 via Trustpilot: Praises “All the features are well handled and accurate in using.”
• Leo Lynch February 7, 2025 via Trustpilot: “I am surprised by their perfect algorithm, which can help me maintain a stable income.”
• Elena Santana July 18, 2023: Highlights that it “trades one hour a day and doesn’t interfere with my manual trading.” She notes it “bumps my account up a good 35 pips a day,” and calls it “a nice tool. Not going to make you rich, but stable and trustworthy.” This is a more nuanced, realistic testimonial.
• Andero Kask May 22, 2023: “I v been used it about 1.5 months, I have little bit risky settings but 93 % and up nicely.” This reinforces the win rate claim.
• Aidan Butler April 26, 2023: “Its a great tool if used right. Great for scalping and getting a small 5 pips here and there.” This suggests a scalping strategy, which aligns with the “1 hour a day” comment from Elena.
• Edna Young April 8, 2023: “Forex Fury is the real deal! The verified trading results speak for themselves and the robot has helped me achieve my financial goals.”

How to Approach Testimonials Critically

While these testimonials paint a positive picture, it’s crucial to apply a critical lens:

• Selection Bias: Companies naturally select the most glowing reviews. You won’t see the negative ones on their own site.
• Authenticity: While some mention “via Trustpilot,” it’s always wise to check third-party review sites like Trustpilot, ForexPeaceArmy, or independent forums to see if these sentiments are mirrored there. Discrepancies between on-site testimonials and external reviews can be a red flag.
• Specificity vs. Generality: Some testimonials are very specific e.g., “50% increase in 6 months,” “passed both phases of funding accounts,” “35 pips a day”. These are more convincing than generic “it’s great!” reviews, as they provide concrete though unverified numbers.
• Date Stamps: Newer testimonials are more relevant, as an EA’s performance can change over time with market conditions. The presence of 2025 dates is a good sign of recent activity.
• “Not going to make you rich, but stable and trustworthy”: Elena Santana’s comment is particularly insightful. It’s a more realistic expectation for an EA. Any product promising to “make you rich” quickly is usually a scam. The idea of “stable and trustworthy” daily pips is a more grounded perspective.
• Impact of Settings: Many testimonials imply that results depend on using the right settings e.g., “using their ultra low risk settings feature,” “I have little bit risky settings,” “a great tool if used right”. This underscores the importance of the provided settings and user understanding.

The Claim of “Over 90% Positive” Feedback

This is a strong claim.

If backed by independent, verifiable reviews on platforms like Trustpilot where all reviews positive and negative are published, it would add significant weight.

Without that external verification, it remains a self-reported metric.

In conclusion, the testimonials on Forex Fury’s site are generally positive, some offering specific outcomes.

They provide anecdotal evidence of success, but potential users should always cross-reference these claims with independent, third-party review platforms to get a more balanced and comprehensive view of user satisfaction.

Support and Educational Resources: Beyond the Purchase

An automated trading system isn’t a “set it and forget it” tool, especially for beginners.

The quality of support and the availability of educational resources can significantly impact a user’s success.

Forex Fury highlights its commitment in these areas.

“Ultra Responsive Support Team”

The website emphasizes its “ultra responsive support team” and encourages users to “email us, test us!” with their claim of a “fast and thoughtful response.” Ovoenergy.com Reviews

• Importance of Responsive Support: For an EA, issues can arise with installation, broker compatibility, specific settings, or unexpected market behavior. Timely and effective support is crucial to resolve these problems quickly, preventing potential losses or extended downtime. An unresponsive support system can quickly turn a promising EA into a frustrating experience.
• Means of Contact: The primary method mentioned is email: “[email protected].” While email is standard, some users might prefer live chat or phone support for immediate assistance, especially during trading hours. However, a dedicated email support team can still be highly effective if they are indeed “ultra responsive.”
• “Fast and Thoughtful Response”: This indicates not just speed but also quality of response, aiming to provide solutions rather than generic replies. This is a key differentiator from less reputable EA providers.

Full-Length Installation Guides and Videos

The site explicitly states, “With full length installation guides, an ultra responsive support team, super profitable settings, analysis and walkthrough videos, traders of all skill levels can benefit from the Forex Fury software immediately.”

• Comprehensive Installation: Given that EAs require specific setup within MT4/MT5 platforms attaching to charts, configuring settings, detailed step-by-step guides are indispensable. Videos are particularly helpful as they allow users to visually follow along.
• Benefit for “All Skill Levels”: This implies that even someone new to Forex or EAs should be able to get the system up and running. This reduces the technical barrier to entry.
• “Analysis and Walkthrough Videos”: This is a strong positive. Beyond just installation, understanding how the EA works, why certain settings are recommended, and what market conditions it performs best in can empower users to use it more effectively. These videos could cover:
  • Strategy Explanation: A deeper dive into the “range based trading method.”
  • Setting Optimization: How to tweak settings for different risk levels or currency pairs.
  • Performance Interpretation: How to read Myfxbook results and understand key metrics.
  • Troubleshooting: Common issues and their solutions.

“Super Profitable Settings” and Free Settings Downloads

The website mentions “super profitable settings” and notes, “Update: Settings for our accounts can be found in our members area and are always free to download.”

• Pre-optimized Settings: Providing “super profitable settings” out-of-the-box is a huge advantage. Many EAs require significant optimization by the user, which can be a steep learning curve.
• Transparency of Myfxbook Settings: The ability to download the exact settings used on their verified Myfxbook accounts is excellent. This means users aren’t just given a black box. they can replicate the demonstrated performance assuming market conditions remain similar. This also allows advanced users to analyze those settings and understand the underlying logic.
• Continuous Development and Updates: The statement “always new settings in development” and “free updates for life” as seen in pricing suggests ongoing refinement of the EA and its parameters. This is vital in the dynamic Forex market where static strategies can quickly become obsolete.

Overall, Forex Fury appears to place a strong emphasis on empowering its users through clear documentation, educational content, and accessible support.

This holistic approach, if delivered effectively, is crucial for fostering user confidence and long-term satisfaction with an automated trading product.

The Underlying Strategy: Range-Based Trading and Volatility Filters

Any good Expert Advisor EA relies on a specific trading strategy.

Forex Fury states its service “uses a range based trading method that works best in low volatility.” They also mention having “filters to ensure the robot trades during these conditions.” This gives us a crucial insight into how the EA is designed to operate.

Understanding Range-Based Trading

• What it is: Range-based trading also known as “ranging market” or “sideways market” trading involves identifying periods where the price of an asset moves within a defined upper and lower boundary, rather than trending strongly in one direction. The strategy involves buying near the lower boundary support and selling near the upper boundary resistance.
• How it Works: In a ranging market, price often oscillates between these levels. An EA designed for range trading would likely use indicators like:
  • Oscillators e.g., RSI, Stochastic, MACD: To identify overbought sell signal and oversold buy signal conditions within the range.
  • Bollinger Bands or Keltner Channels: To define the boundaries of the range and identify price excursions outside the typical range.
  • Support and Resistance Levels: Programmed to identify and react to these key price levels.
• Why it’s Popular for EAs: Ranging markets can be predictable for automated systems, as they often exhibit clear entry and exit points within the defined boundaries.

The Importance of Low Volatility

• Why Low Volatility is Preferred: High volatility can cause sudden, sharp price movements that can break out of established ranges, leading to false signals and significant losses for a range-based strategy. Low volatility, on the other hand, typically results in smoother price action within the range, increasing the reliability of range-bound signals.
• “Filters to Ensure the Robot Trades During These Conditions”: This is a critical component. These filters would likely involve:
  • ATR Average True Range Filter: To measure volatility. The EA would only trade when ATR is below a certain threshold.
  • Time-Based Filters: Trading during specific, known low-volatility sessions e.g., late Asian session, certain times in the London or New York overlap when major news isn’t expected.
  • News Filters: To avoid trading around high-impact news events that can induce extreme volatility.

Trading “1 Hour Per Day, and 1 Pair Per Account”

This detail provides further insight into the EA’s operational parameters:

• “1 Hour Per Day”: This strongly suggests the EA is either a scalper aiming for small, quick profits of a few pips or a day trader that looks for specific, short-lived opportunities. Trading for a limited duration per day helps avoid prolonged exposure to volatile market conditions, especially during sessions with high activity like London or New York open. This aligns with Elena Santana’s testimonial about 35 pips a day.
• “1 Pair Per Account”: This is a prudent risk management approach.
  • Diversification: Instead of loading one account with multiple EAs or pairs, running one EA on one pair per account helps to isolate performance and manage risk more effectively.
  • Resource Management: It reduces the processing load on the trading terminal and ensures the EA focuses its attention on a single asset.
  • Avoiding Over-Optimization: Often, EAs are highly optimized for specific currency pairs. Trying to run one EA on too many disparate pairs might dilute its effectiveness.

“Pair This With Your Own Expertise to Dominate the Markets”

This is a good, realistic disclaimer. While the EA is automated, it’s not a magic bullet.

It implies that a knowledgeable trader can potentially enhance its performance by:

• Manual Intervention: Knowing when to pause or disable the EA during extreme news events or unexpected market shifts.
• Setting Optimization: Fine-tuning the provided settings based on their understanding of current market conditions or specific pair behavior.
• Risk Management: Ensuring the EA’s settings align with their overall portfolio risk tolerance.

In essence, Forex Fury’s strategy centers on capitalizing on predictable price movements within low-volatility ranges, often for short durations. Namedcollective.com Reviews

The explicit mention of filters and specific trading windows indicates a disciplined approach to avoiding high-risk market environments.

While automated, the suggestion that user expertise can still enhance results is a fair and practical perspective.

System Requirements and Technical Considerations

Before you even think about purchasing Forex Fury, you need to ensure your setup can actually run it.

Automated trading software, especially EAs, have specific technical requirements.

Forex Fury outlines these, and understanding them is key to a smooth operation.

“Works on either MT4 or MT5, which require a PC, MAC or VPS.”

This is the fundamental requirement.

The EA is built to run on MetaTrader 4 MT4 or MetaTrader 5 MT5, which are desktop-based trading platforms.

• MetaTrader 4 MT4 and MetaTrader 5 MT5: These are by far the most popular retail Forex trading platforms globally. Their widespread adoption means most brokers offer them, making Forex Fury accessible to a broad audience.
• PC or MAC: You’ll need a computer running either Windows or macOS to install and run the MT4/MT5 client application. While MT4/MT5 themselves are desktop applications, the EA runs within them.
• Why a Dedicated Machine is Preferred: Running an EA requires the MT4/MT5 platform to be open and connected to your broker continuously during its active trading hours. If your home computer goes to sleep, loses internet, or you close the platform, the EA stops functioning, potentially leaving trades unmanaged or missing new opportunities.

The Role of a Virtual Private Server VPS

This is perhaps the most crucial technical recommendation for running any EA effectively.

• What is a VPS? A Virtual Private Server is essentially a remote computer that you rent from a provider. It runs 24/7, has a stable internet connection, and is typically located in a data center with low latency to brokers’ servers.
• Why a VPS is Essential for EAs:
  • 24/7 Operation: EAs need to run without interruption. A VPS ensures your EA is always active, even if your personal computer is off, loses power, or has internet issues.
  • Reliable Internet Connection: VPS providers offer highly stable and fast internet, minimizing latency and potential slippage.
  • Low Latency: Placing your VPS geographically close to your broker’s server can reduce the time it takes for your trades to execute. For scalping EAs like Forex Fury which aims for small pips, every millisecond counts.
  • Dedicated Resources: Unlike your home computer, a VPS is dedicated to running your trading platform, minimizing conflicts with other software or resource demands.
• Forex Fury’s Implicit Recommendation: By stating “or VPS,” Forex Fury subtly advises users towards the optimal environment for its operation, even if it’s not a strict requirement for basic functionality. Many successful EA users rely on a VPS for consistent performance.

“You cannot use this on your phone.”

This is a direct and important clarification.

• Mobile Limitations: While MT4/MT5 have mobile apps, these are primarily for monitoring accounts and manually placing/managing trades. They do not support the execution of Expert Advisors EAs. EAs require the full desktop client environment to operate.
• Setting Expectations: This avoids disappointment for users who might assume they can manage automated trading entirely from their smartphone.

Minimum Deposit and Account Sizes

While not strictly a system requirement, the discussion of minimum deposit ties into technical feasibility for live trading. Bellsofbliss.com Reviews

• “You can start with $0, on a demo account.” This is standard and highly recommended for testing.
• “Or, as low as $100 on a micro account if you want to trade live.” This is a low barrier to entry for live trading, making it accessible to those with smaller capital.
• “The robot is compatible with all account sizes from very small, to very large.” This indicates the EA’s internal money management can scale its position sizing appropriately, whether you have a micro account or a larger standard account. However, remember that smaller accounts are more susceptible to drawdown and margin calls if risk management isn’t strictly adhered to.

In essence, while you can run Forex Fury on a standard PC or Mac, for reliable, consistent, and uninterrupted automated trading, a Virtual Private Server VPS is strongly recommended.

Understanding these technical requirements is crucial for ensuring the EA has the best possible environment to perform as intended.

Regulatory Considerations and Broker Recommendations

Forex Fury makes some statements about broker compatibility and provides recommendations.

“Any MT4 broker is compatible, we have clients all around the world.”

This is a broad claim of compatibility, similar to their software platform claims.

• Broker Compatibility: While the EA is built for MT4/MT5, individual brokers can have nuances that affect EA performance. These include:
  • Spread and Commission Structure: EAs, especially scalpers, can be highly sensitive to trading costs. Higher spreads or commissions can eat into profits, potentially turning a winning strategy into a losing one.
  • Execution Speed: Slippage the difference between the expected price of a trade and the price at which the trade is actually executed can significantly impact profitability. Fast execution is vital.
  • Allowed Trading Styles: Some brokers might discourage or even prohibit scalping or high-frequency trading, which could be the nature of Forex Fury’s strategy “1 hour per day,” “5 pips here and there”. It’s crucial for users to check their chosen broker’s terms and conditions.
  • Regulatory Environment: Brokers operate under different regulatory bodies e.g., NFA in the US, FCA in the UK, ASIC in Australia, CySEC in Cyprus. The rules imposed by these regulators like FIFO in the US can affect how EAs operate or how brokers handle trades. Forex Fury claims NFA and FIFO compatibility, which addresses a key regulatory concern for US traders.

Forex Fury’s Broker Recommendations

The website lists several broker recommendations:

• #1 Choice: Fyntura
• #2 Choice: Coinexx
• #3 Choice: Duramarkets
• Other options include.. PaxForex & FXOpen.

Critical Evaluation of Broker Recommendations:

When presented with broker recommendations from an EA provider, it’s essential to perform your own due diligence.

• Regulation: The most important factor. Is the broker regulated by a reputable financial authority?
  • Strong Regulators: Examples include the FCA UK, ASIC Australia, FINRA/NFA USA, BaFin Germany, CySEC Cyprus. These regulators provide oversight and typically offer some level of investor protection.
  • Offshore/Less Regulated: Some brokers might be regulated in jurisdictions with less stringent oversight e.g., offshore islands. While not inherently “bad,” it means fewer protections for your funds if disputes arise.
• Client Reviews: Check independent reviews on platforms like ForexPeaceArmy, Trustpilot, or other Forex forums. Look for feedback on:
  • Withdrawal Process: Are withdrawals processed smoothly and quickly?
  • Customer Service: Is support responsive and helpful?
  • Execution Quality: Are there frequent re-quotes or slippage?
  • Spreads and Commissions: Are they competitive?
  • Stability of Platform: Does the MT4/MT5 platform frequently disconnect or freeze?
• Account Types and Features: Do they offer ECN accounts? What are their minimum deposit requirements? Do they have micro or cent accounts if you’re starting small?
• Geographic Availability: Is the broker accessible and compliant in your country of residence?

Specific Broker Analysis Quick Scan – Always do your own:

• FXOpen: Generally considered a well-established and regulated broker FCA, ASIC, CySEC. Often recommended for ECN accounts and competitive spreads.
• PaxForex: Has a less robust regulatory profile compared to FXOpen, often regulated offshore. User reviews vary, with some concerns about withdrawal times or support.
• Fyntura, Coinexx, Duramarkets: These names might be less globally recognized or have varying regulatory statuses depending on your region. A quick search reveals some are offshore or have mixed reviews. It is imperative to research the regulatory status and client feedback for each of these brokers in your specific jurisdiction before depositing any funds.

The Implication of Unregulated/Offshore Brokers:

If an EA provider primarily recommends brokers with weaker regulation, it could be a red flag. Fusionmarkets.com Reviews

Unregulated brokers sometimes allow more aggressive trading strategies or higher leverage, which can appeal to EA users but also carry substantially higher risks due to a lack of oversight.

While Forex Fury states “trusted brokerages” for their Myfxbook accounts, the recommendations provided need independent verification by the user.

In conclusion, while Forex Fury claims broad broker compatibility, potential users should exercise extreme caution and conduct thorough independent research on any recommended broker.

Prioritizing strong regulation, positive client reviews, and favorable trading conditions is paramount for the security of your funds and the effective operation of any EA.

Long-Term Viability and Market Adaptation

For an automated trading system to be considered truly valuable, it needs to demonstrate not just short-term gains but also long-term viability and adaptability.

Forex Fury makes claims that touch upon this aspect.

The “7 Years” Myfxbook Account and Founding Date

The website highlights a “Forex Fury 7 Years” Myfxbook account and states the company was “Founded in 2014.”

• Longevity as a Positive Sign: An EA that has been running profitably for 7 years if the Myfxbook account truly reflects this live and consistent performance is rare and highly commendable. Many EAs perform well for a few months or a year during specific market conditions, then fail when those conditions change. A proven long-term track record suggests robustness across different market cycles trending, ranging, volatile.
• Adaptation over Time: The Forex market in 2014 was different from 2021, and again from 2024. For an EA to survive and thrive over such a period, it implies that the development team has either:
  • Built in Adaptive Logic: The EA’s algorithm has mechanisms to adjust to changing market conditions e.g., dynamic risk management, volatility filters that adapt.
  • Regularly Updated and Optimized: The team consistently analyzes performance and releases updates to the EA or new settings to keep it relevant and profitable. The claim of “free updates for life” supports this.
• Forex Fury’s Claim: The “always new settings in development” and the presence of various “V6” accounts e.g., “Fury V6 GBPUSD FLIP,” “Fury V6 GOLD” suggest continuous iteration and optimization. This is crucial for long-term viability.

“We are not perfect, but we are always updating, learning, and bettering our service through free updates and continuous development.”

This statement from their testimonials section is important because it acknowledges the inherent challenges of the market and expresses a commitment to ongoing improvement.

• Realistic Expectations: No EA will be “perfect” or profitable 100% of the time. Markets present unforeseen events. Acknowledging this helps manage user expectations.
• The Importance of Updates: As mentioned, updates are non-negotiable for EAs. These can include:
  • Bug Fixes: Addressing any coding errors that might arise.
  • Algorithm Enhancements: Improving the trading logic to better capture opportunities or avoid risks.
  • New Filters: Adding new mechanisms to adapt to changing volatility patterns or news events.
  • Performance Optimization: Tweaking internal parameters for efficiency.

Challenges to Long-Term Viability for Any EA

Despite these positive indicators, it’s important to remember common pitfalls for all EAs:

• Market Regime Change: A strategy that thrives in a ranging market like Forex Fury’s might struggle significantly during prolonged trending periods or extreme, unexpected volatility e.g., major geopolitical events, financial crises.
• Over-Optimization/Curve Fitting: If updates are solely based on past data without robust forward-testing, the EA could become over-optimized for historical conditions and fail in live, unseen markets.
• Broker Counter-Measures: If an EA becomes too profitable for a specific broker, the broker might widen spreads, increase slippage, or even take action against the account, especially if it’s operating on a market maker model.
• Technological Obsolescence: While MT4/MT5 are dominant, future platforms or changes in APIs could require significant re-development.

Forex Fury’s claims of long-term existence, continuous updates, and a commitment to improvement are positive signs for its long-term viability. 1stcentralinsurance.com Reviews

However, users should still continuously monitor its performance, especially during different market conditions, and be aware that past performance never guarantees future results.

The ongoing commitment from the development team is perhaps as important as the initial algorithm itself.

The Promise vs. Reality: Setting Realistic Expectations

Whenever you’re looking at a product that promises automated financial gains, it’s absolutely crucial to separate the marketing hype from the cold, hard reality.

Forex Fury, like many EAs, presents an enticing picture, but setting realistic expectations is key to avoiding disappointment.

The “93% Winning Track Record” and “10-20% Per Month” Gain

These are the big numbers that grab attention.

• Reality of “Winning Track Record”: As discussed, a high win rate doesn’t automatically equate to high profitability if the average loss per trade is significantly larger than the average win. For example, winning 93 trades that net $5 each while losing 7 trades that lose $100 each still results in a net loss. The critical metrics are drawdown and profit factor. A low drawdown e.g., below 20% is generally more indicative of a robust system than just a high win rate.
• Reality of “10-20% Per Month”: While certainly appealing, consistent monthly gains of 10-20% are aggressive targets in the Forex market.
  • Market Dependency: The FAQ states, “This does depend on market conditions though, and past results do not guarantee future profits.” This is a crucial disclaimer. In certain market phases e.g., strong trends, high volatility that breaks ranges, achieving these gains might be impossible, or would require taking on significantly higher risk.
  • Compounding Effect: If you truly achieved 10-20% consistently, the compounding effect would be astronomical over time. For example, a $1,000 account growing by 15% monthly would be over $28,000 in two years. While theoretically possible, achieving this month after month without significant drawdowns or periods of stagnation is incredibly challenging.
  • Risk Level: To achieve such returns, the EA likely operates with a medium to high-risk setting, which means larger potential drawdowns. Users need to be psychologically prepared for these downturns.

“Not Going to Make You Rich, But Stable and Trustworthy”

This testimonial from Elena Santana is perhaps the most realistic expectation-setter on their site.

• The “Holy Grail” Fallacy: There is no “holy grail” in Forex trading, and no EA will make you rich overnight or guarantee consistent, massive profits without risk. Anyone promising such outcomes is likely trying to scam you.
• Focus on Consistency and Risk Management: A good EA’s value comes from its ability to provide consistent, albeit moderate, gains while strictly managing risk and limiting drawdowns. “Stable and trustworthy” daily pips e.g., 35 pips a day as mentioned are a more achievable and sustainable goal than chasing astronomical returns.
• The “Set It and Forget It” Myth: While EAs automate trading, they are not truly “set it and forget it” solutions. Users still need to:
  • Monitor performance regularly.
  • Check for news events that might impact the EA’s strategy.
  • Ensure their trading platform and VPS are running smoothly.
  • Understand and adjust settings as market conditions change.

The Role of User Expertise

The website’s suggestion to “pair this with your own expertise to dominate the markets” implies that user involvement can enhance results.

• Active Management: This means understanding the EA’s strategy range-based, low volatility, knowing when to potentially pause it e.g., before major central bank announcements, and being able to choose appropriate risk settings for your capital.
• Emotional Detachment: One of the biggest advantages of an EA is removing emotion from trading. However, users must still manage their own emotions, especially during drawdowns. A 20% drawdown can feel significant even if it’s within the EA’s normal operational parameters.

Conclusion on Expectations

Forex Fury presents itself as a powerful tool with high win rates and impressive potential gains. While the Myfxbook verification adds credibility to past performance, future results are never guaranteed. The most realistic approach is to view Forex Fury or any EA as a tool that can assist in trading, potentially generating consistent, moderate gains, but only if used responsibly, with proper risk management, and realistic expectations about its capabilities and limitations. Do not expect to get rich quickly. instead, aim for stable, consistent growth that aligns with your risk tolerance.

Frequently Asked Questions 20 Real Questions + Full Answers

What is Forex Fury?

Forex Fury is an automated trading robot Expert Advisor or EA designed for the Forex market that runs on MetaTrader 4 MT4 and MetaTrader 5 MT5 platforms.

It aims to generate automated trading profits for users based on its proprietary algorithm. Quicken.com Reviews

What is the claimed winning track record of Forex Fury?

Forex Fury claims a 93% winning track record with verified Myfxbook accounts.

Are the Forex Fury trading results verified?

Yes, Forex Fury states its trading results and track records are fully verified by Myfxbook, a third-party performance tracking service.

What platforms is Forex Fury compatible with?

Forex Fury is compatible with MetaTrader 4 MT4 and MetaTrader 5 MT5 Build 600+.

Does Forex Fury work with all Forex brokers?

Forex Fury claims to work with “ANY & ALL MT4/MT5 Trading Brokers,” including those compatible with NFA, FIFO, and ECN regulations.

However, individual broker conditions can still impact performance, so users should verify.

What type of strategy does Forex Fury use?

Forex Fury employs a “range based trading method” that is optimized to work best in “low volatility” market conditions.

It also uses filters to ensure it trades during these specific conditions.

How often does the Forex Fury EA trade?

The frequency of trades depends on market conditions and the number of accounts running, but generally, Forex Fury expects 0-7 trades per day.

What is the typical monthly gain expected from Forex Fury?

Forex Fury aims to grow accounts by 10-20% per month, though they state this depends on market conditions, and past results do not guarantee future profits.

Is Forex Fury a one-time payment or a subscription?

Forex Fury requires a one-time payment for a lifetime membership, including free updates and no recurring fees or upsells. Updoc.com.au Reviews

How many live accounts can I use Forex Fury on?

The “Gold” package allows for 1 live account license, while the “Diamond” package includes 2 live account licenses. Both offer unlimited demo licenses.

What is the minimum deposit required to use Forex Fury live?

You can start with $0 on a demo account.

For live trading, you can begin with as low as $100 on a micro account, and the robot is compatible with all account sizes.

Is there a free trial for Forex Fury?

No, currently Forex Fury does not offer a free trial.

How do I install Forex Fury?

Forex Fury provides easy 5-minute installation guides and videos to assist users of all skill levels with the setup process.

Does Forex Fury provide specific settings for optimal performance?

Yes, Forex Fury offers “super profitable settings” and provides the exact settings used on their verified Myfxbook accounts for free download in their members’ area.

Can I use Forex Fury on my phone?

No, Forex Fury cannot be used on a phone.

It requires a PC, MAC, or a Virtual Private Server VPS to run on the MT4 or MT5 desktop platform.

What kind of support does Forex Fury offer?

Forex Fury boasts an “ultra responsive support team” that provides fast and thoughtful responses via email [email protected].

Does Forex Fury trade during high-impact news events?

The strategy includes “filters to ensure the robot trades during these conditions,” implying it aims to avoid high volatility often associated with major news events by trading in low-volatility ranges. Evoluxphere.com Reviews

Is Forex Fury suitable for beginners?

Forex Fury claims that “traders of all skill levels can benefit” due to its full-length installation guides, analysis videos, and responsive support.

What assets can Forex Fury trade?

Forex Fury claims it can trade “Any Pair, Indices, or Crypto” that are available on MT4/MT5.

What is the “Lifetime Membership” benefit?

A lifetime membership means you receive free updates for life, continuous development, and ongoing access to the members’ area and resources without any additional charges.