Top Forex Robots – Advantages, Disadvantages and Special Features of the Top Three Forex Robots

Financial trading had come a long way since the old times. Today technology has improved such that it is possible to trade 24/7 from any part of the world. Added to this, trading has become user friendly with the inclusion of various robots at the financial market. Forex has now launched many robots at the international financial market. Here is a review of the top forex robots:

1. Forex Megadroid: launched in 2008. It is designed by John Grace and Albert Perrie.

Advantages: requires only one dollar capital to start trading with 92% accuracy. This robot is the only robot from forex which can start to trade with a capital of just $1. Installation is very easy and can trade in one currency pair only, which is, EUR and USD.

Disadvantages: The computer should be turned on for trading.

2. FAP Turbo: launched in 2009. It is designed by Steve, Ulrich and Mike.

Advantages: requires a capital of 50$ to start trading with 95% accuracy and dropdown is less than 0.5%. It can trade only in one currency pair only, which is, EUR and CHF. The best part about the robot is that it can trade even while you are sleeping or when the system is switched off. This is possible because, it employs a feature called the VPS – Virtual Private Server. When the trader is connected to VPS, robot trades without any break 24/7 but to obtain this special feature, you have to pay some extra charge for hosting.

Disadvantages: The installation may sometime call for assistance from Forex customer care.

3. Ivybot: launched in late 2009.

Advantages: requires a capital of 50$ to start trading with an astounding 98% accuracy, though, forex claims 100% accuracy in predicting possible profitable trades. It uses EA- Expert Advisor to trade in four different currency pair: EUR/USD, USD/CHF, EUR/JPY and USD/JPY pairs. This is the only software which has the ability to trade in four different currency pairs since it employs not one but four different robots embedded in single software to trade each currency pair. It is Very easy to install.

Disadvantage: The computer should be turned on for trading.