Most traders lose money as human investors are emotional, lacking in discipline and risk management and often rushing into trades or not using a stoploss – as the saying goes the markets are a tool to transfer wealth from the patient to the impatient. That applies in whatever financial markets a trader choose – whether cryptocurrency, stocks, or the forex markets.
Forex Fury are a group of traders that as their websites states had one mission – to make a winning forex robot. After years of development and backtesting they achieved that goal, and made it available to the public to offer the best forex trading system on the market. In this review we’ll explore how Forex Fury works and its various features. For those wondering how to sign up for a Forex Fury account, follow these steps:
How to Open a Forex Fury Account
- Visit the official forexfury.com website and click ‘Join Now’ on the homepage
- Forex Fury Gold lifetime membership will be added to your cart – for one live account license
- Proceed to checkout and make your purchase using a debit or credit card (via Stripe) or Paypal. Enter an email address
- You’ll receive a members area registration link instantly by email to download the Forex Fury software – also check your junk mail folder
- Log in to the ‘Members Area’ in the top menu on the website for continued support
- Payments are one-time, with no recurring billing, upsells or extra hidden charges
What is Forex Fury?
As mentioned Forex Fury are professional forex traders that aim to help beginners, novice and intermediate forex traders – even advanced traders may also benefit – to win traders.
Their forex bot of the same name is now on version 5 – Forex Fury V5. The team began selling their product for a one-time payment almost a decade ago. Their automated forex trading program provides 5-10 trades per day depending on market conditions and how many forex pairs a trader chooses to use.
Traders also have access to a demo account if they wish to paper trade for virtual funds first to practice, before committing to real money trades.
Supported Forex Pairs
Forex Fury can trade any of the majors, included those below and more:
Supported Forex Brokers
Any MT4 broker or MT5 broker will be compatible, so users can continue with their current broker or choose from forex broker recommendations in the members area – the top platforms for forex trading on the market today in 2024 include eToro, Capital.com, Libertex, AvaTrade, Interactive Brokers, Skilling, TD Ameritrade, and Forex.com.
Supported Trading Tools
Forex Fury is compatible with:
- NFA
- FIFO
- MT4
- MT5 Build 600+
Full installation guides are available in video format and in written tutorials.
Forex Fury Support
The Forex Fury admin team offer 24/7 support by email, typically responding within a couple hours and faster on business days.
Forex Fury Fees
There are no membership fees or recurring billing – only the initial one-time fee which grants lifetime access and membership. Forex Fury is free to use.
The normal fees charged by a forex broker – e.g. the bid / ask spread – will still apply as with any forex robot, or when trading individually.
How Well Does Forex Fury Trade?
Forex trades executed by the Forex Fury robot are logged on MyFXBook with the percentage gain and updated on a daily basis.
Image source – myfxbook.com
For example the USDJPY trade below is featured on the homepage at the time of writing. Find links to more example trades with links to MyFXBook data on the website.
Only registered Forex Fury traders have access to live trades – the trade logs are for trades already closed.
According to the latest backtested data available today Forex Fury have a profitable ROI (return on investment) of 95%, winning 1,577 trades out of 1,659.
The average win is approximately $15.44 based on a 5.92 pips gain, with a profit factor of 6.30 and Sharpe ratio of 0.58.
Forex Fury aims to produce compound gains of 10-20% overall per month, of users’ trading accounts. Although past performance is not an indication of future results.
Forex Fury Team
Unlike some trading robot developers who are anonymous, the Forex Fury team are fully doxxed and transparent – meet the team on the ‘About Us’ section of the website. Their CEO is Patrick Ryan, their Head Analyst Joe Damien, and their Head Developer is Haroon Mir.
Patrick Ryan also launched forexrobotnation.com a website for EA reviews, forex news, forex robot reviews, forex indicators, and more.
Find more reviews of the Forex Fury software there. Patrick also runs the popular Youtube channel Trade with Pat with 38.2k subscribers.
Testimonials
The Forex Fury website lists ten testimonials from existing customers, that left positive 4-5 star reviews. For example Patrick Bennett writes:
‘Their method for a time-restricted Asian session is brilliant. On other pairings, I can easily go on three-month winning streaks. Service of the highest quality. As a Fury client for over two years, I can confidently state that it is one of the greatest trading methods available. If you’re having trouble, email for assistance. There are many settings packages and modifications that can be done.’
Find more of those customer reviews under the cart on the check out page.
More user feedback can be found on the TrustPilot page for Forex Fury, where it has a rating of 4.3 based on 187 reviews and the Forex Fury staff are active in replying.
Disclaimer – Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading are high and may not be suitable for all investors. Forex Fury doesn’t retain responsibility for any trading losses you might face as a result of using the data shown on its website or webinars.
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FAQs
Is there a Forex Fury free trial?
There is not currently a free trial for Forex Fury. However users that register and sign up receive lifetime access.
Is the Forex Fury bot backtested?
The Forex Fury trading platform is backtested by the team, and users can also backtest the EA themselves however some live data won't be able to be reproduced in back tests.
Does Forex Fury have ECN support?
Yes, Forex Fury supports ECN brokers (those that use electronic communications networks).
