FXMasterBot Review

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FXMasterBot Review 2020

FXMasterBot is a product that will definitely take your trading game to a whole new level thanks to a highly user-friendly approach that allows traders to trade forex and cryptocurrencies easily with this software through the broker of their choice.

This shows how user-oriented FXMasterBot is, and how traders can apply a variety of trading strategies and money management methods.

Read our entire FXMasterBot review to find out exactly how this software works and discover all the special features offered.

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FXMasterBot Account Features

FxMasterBot is an advanced trading software in many ways. It gives users the choice of broker, so ultimately the choice of trading accounts and extra features.

The minute you register, you will be given a vast choice of which broker you prefer to use their world-class software with. You have chosen the best software – now it’s time to choose the best broker for the ultimate trading experience.

The minimum deposit for all brokers offered on FXMasterBot is $250.

These brokers all have different account types, mostly relating to the initial deposit and special features offered. From accounts for complete beginners, to accounts for expert traders – FXMasterBot’s brokers have it all. The choice is ultimately yours.

FXMasterBot Trading Software

Many traders will be happy to know how trading combinations with FXMasterBot are endless as it supports forex trading, as well as cryptocurrency trading through a variety of assets. FXMasterBot also gives users the ability to adjust their trading strategy and adjust their asset range.

Depending on the strategy a user prefers, they will only receive the related signals – so no time will ever be wasted. You will get the information you want, exactly when you want it.

Currently available trading strategies are:

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What is FXMasterBot?

FXMasterBot is not a robot in the traditional sense of the way. It is a computer software that is completely web based, which means it requires no downloads. FXMasterBot won’t take any space on your computer, as it can be accessed directly from your browser. In our FXMasterBot review, our team noticed that there are several brokers offered which is completely understandable as FXMasterBot is not a broker but a software that serves as a connection between the broker and the trader for an even better trading experience.

Basically, FXMasterBot provides users with the software to make trading easy for everyone. Users won’t need to do the research themselves, for FXMasterBot provides them with all the data of market movement every minute.

This also means that no deposits or withdrawals are ever done through FXMasterBot, as it is a completely free software. Instead, the variety of banking methods will depend on your selected broker.

How to trade with FXMasterBot

FXMasterBot is manual trading made much easier for even a complete beginner to easily understand. Once you register, all you need to do is:

  1. Choose the broker you prefer
  2. Deposit with this broker
  3. Begin trading

Once the system unlocks, you will be receiving new signals every minute. Don’t forget to adjust your settings to the strategy you prefer!

How do the FXMasterBot Signals Work?

FXMasterBot provides users with automatically generated trading signals. These signals are market indications of asset pairs moving up or down in the market at that moment – which can be received depending on your preferred strategy.

This means that FXMasterBot will make sure you are getting all the necessary information, so all you need to do is choose which signal you want to follow and place the trade directly with your broker.

On the FXMasterBot interface, you will have both the FXMasterBot automated signals and your preferred broker all on the same page for an easier, more direct trading experience.

FXMasterBot Support Information

Every trader knows how customer support can be something that makes or breaks the deal, and through our FXMasterBot review, we had the opportunity to test the customer support available with FXMasterBot.

The customer support is available to all registered and potential traders via live chat or email. We tested the support by asking several easy questions, and a few more complicated ones. The agents always replied quickly, maintained excellent professional conduct and were of great help. They helped us understand different features available and exactly how everything works.

If you are not in the mood for a chat, you can always check out the FAQ section. The FAQ section provides answers to all the basic questions traders have about the software.

FXMasterBot Payment Methods

FXMasterBot is a free trading software. This means that traders can utilise their money for trading, instead of having to pay different memberships, fees, and charges. However, in order to trade with FXMasterBot, you have to make a deposit with at least one broker available on the trading dashboard.

The minimum deposit for all brokers is $250, and it is always processed by the broker, and never by the FXMasterBot software. The software is completely free.

FXMasterBot Review Verdict

FXMasterBot is a trading robot that really makes the difference. This means that every trader can find a combination that suits them best at a certain moment.

FXMasterBot also gives YOU the choice to trade with a company you trust. They are the type of company that puts user’s needs first – and always upgrade their software to be more in line with recent regulations that ensure trader’s protection.

With FXMasterBot, all traders get a chance to experience a genuinely unique trading environment they can customise completely for free. This is another advantage of trading with FXMasterBot – you can invest your money to what matters the most – your trading!

FXMasterBot articles

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  • Broker Information
  • Account Features
  • Trading Software
  • Support Information
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FXMasterBot is a software that promises to take a trader’s profitability to the next level so to speak. It does this by enabling traders to trade forex, it has easy to understand user interface.

Compared to the competition we found that FXMasterBot does an excellent job when it comes to trading both types of assets. That said its nearly impossible to find one platform or software that allows for trading both at the same time.

If anything the fact that any trader can switch between trading forex without thinking twice speaks to FXMasterBot’s effectiveness. Plus, it helps traders employ an array of money management and trading strategies.

The FXMasterBot review is designed to explain how everything works as well as give you more information regarding account types and what to expect from its customer service. You should continue reading to learn everything possible about FXMasterBot, which is free to use.

Account Features

One of the interesting things about FXMasterBot is the fact that it is an advanced piece of trading software. While many in the competition claim to be superior FXMasterBot is the only one that does not limit traders to just one account type. So, traders can upgrade their accounts moving forward.

Plus, FXMasterBot also offers traders a demo account which they can use to gain experience trading with virtual money. The demo also helps more advanced traders try out various trading strategies. In addition to the demo account, FXMasterBot offers three more account types as we will describe in detail below.

The Novice account is for newbie traders who has almost no experience in the industry. All they have to do is to make a $250 capital deposit with the broker. Traders will be entitled to exclusive benefits like being able to include three currency pairs, they can have three trades open at the same time, also its possible to trade via multiple brokers and there is a leaderboard multiplier.

Since its a beginners account, things have been kept cost-effective and straightforward.

Anyone who makes an initial $500 deposit can upgrade to the Expert Account. The reason to upgrade is the fact that in addition to getting all the benefits from the Novice account, traders can also trade nine currency pairs, plus have access to various other settings and an x2 multiplier leaderboard.

If anything this is the best account and one with the most features. It gives traders the power to leverage the full power of FXMasterBot. Traders that want to use this account will have to make a $500 deposit with each of two traders. The benefit of the account includes an x3 multiplier, access to a massive cache of advanced settings, VIP support, and you get access to all currency pairs.

Once you register at FXMasterBot, you are given access to the demo account. The demo is free to try, and you can trade using virtual money. It looks, feels and works exactly like a fully functioning real trading account. However, as mentioned before this one will not help you make money but rather give you a feel for how everything works.

The platform has plenty of charts that make keeping up with trends easy

The demo does not require that you deposit real money or even bug you to put money and upgrade to a fully working account. Though you can use the demo for just 5 days, after which you’ll need to start trading with a real account. But during those five days, you can execute as many trades as you want.

We have rarely if ever seen so much variety when it comes to forex options with a trading platform. If anything we think that FXMasterBot is before its time but people are appreciating the fact that it allows them to explore their full potential.

Features of the FXMasterBot software

One of the highlights that will make many traders happy is the fact that they can use various trading combinations since the platform supports forex trading. Plus, FXMasterBot supports automated and manual trading. FXMasterBot boasts of many different settings which can be tuned to your needs like:

  1. Reverse Trading
  2. Daily Take Profit
  3. Compound Wins
  4. Daily Stop Loss
  5. Reverse Trading
  6. Max Daily Trades
  7. Max Concurrent Trades

The advanced or Master account offers the most settings to traders.

How trading Forex works with FXMasterBot?

Now it’s important to clarify that FXMasterBot’s forex trading module works slightly differently from how binary options trading works. That said its to be expected as binary options work differently from forex trading. The first thing that traders can do is set a stop loss and then take profit.

Forex does not have any expiration times, and so traders can set limits to ensure that the trade closes at the right opportunity. So, if you set the ’take profit’ at $90, and the ’stop-loss’ at $20, the software will automatically close the trade whichever limit is reached first.

The forex trading features included in FXMasterBot is very similar to trading forex manually. The only difference is that your personal settings are imported into each trade.

How does the software work?

The thing worth mentioning is that FXMasterBot is not your typical or traditional robot. It is a computer software program that is wholly based virtually online. So, you don’t have to download anything to your computer, and so you don’t have to worry about disc space. It can be accessed via any modern web browser.

When reviewing FXMasterBot, we found that the software offered access to many different brokers which is to be expected as FXMasterBot does not provide a brokerage service. Though the software works as a connection between the broker and trader thus offering a much more fluid trading experience.

Since FXMasterBot is not a broker, they are not the ones receiving or handling your funds. The software itself is free to use. Though depending on the deposit and withdrawal methods offered by the broker you choose, you can pick the one that works best.

FXMasterBot Customer service

In the trading industry customer service is one of the most essential features that experienced traders never overlook. So, we took the time out to test FXMasterBot’s customer service.
FXMasterBot extends its customer support to all registered as well as potential traders.

Placing trades is as easy as clicking one of these buttons

Live chat can be used to contact support professionals. We used the feature to ask the person on the other end a couple of complicated questions. We found that the agents were knowledgeable and replied near instantly. They also walked us through various features of the platform. Additionally, users can send customer support an email with their questions.

Someone who does not have time to chat or does not want to interact with someone can check out the website’s FAQs. The FAQs provide answers to the most frequently asked questions by traders.

Acceptable payment methods

As mentioned elsewhere above FXMasterBot is a trading software and is free to use, but they are not authorized to handle money for traders or brokers. Though they help make it easier for people to avoid having to pay a membership fee.

But before you start using FXMasterBot to trade its imperative to choose a broker from the list of supported brokers and make the initial deposit depending on the account type you have chosen. The minimum deposit has been set at $250 for the Novice account, but the money is processed by the broker you choose and not by FXMasterBot.

Final verdict

In our experience, FXMasterBot is an innovative approach to online trading. Thanks to the platform traders get to enjoy various types of trading and all from the comfort of just one platform. Plus, they can choose between manual and automated trading. So, its possible for every trader to find their respective sweet spot.

FXMasterBot also gives traders the chance to win many different cash prizes via the leaderboard system. Traders can make progress by upgrading their account and making use of all the various settings depending on how much they initially deposited.

FXMasterBot gives all traders the opportunity to experience a truly unique trading system which can customize as they want but its free! Being free is another considerable advantage of using the system because it frees you to invest in trading rather than a membership fee for the platform.

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