Fx Splitter Review Introduction
Fx Splitter EA is a fully automated forex trading system for the MetaTrader 4 trading platform, developed by Argo Labs as a member of their forex robots family including Forex Warrior and Easy Walker FX that were previously reviewed.
Fx Splitter Criteria
License
Two trading accounts, which are changeable at any time via vendor e-mail request.
Broker / VPS Recommendations
Fx Splitter trades well on most brokers whether 4-digits or 5-digits, while the most suitable broker should be with a small spread for the traded on pair and a moderate slippage.
If Fx Splitter trades on an account with a deposit that's not large enough for proper Money Management setup, a cent account is preferred that would make some broker choice restriction, as only a few of them offer cent accounts.
We recommend trading with Fx Splitter on IC Markets Forex Brokers via TradingFX VPS Forex VPS for the best stability and profitability.
Recommended Leverage
A leverage of 1:500 is recommended, to minimizes the marginal load on the deposit, while smaller leverages as 1:300 and 1:200 can be used too.
Minimum Account Balance
Fx Splitter can trade on an account with a balance of as little as $70. For this, a cent account with minimal lots size of 0.01 should be used where $70 is equivalent to 7,000 cent currency units and the starting lot of 0.01 will allow the recommended Money Management settings to run perfectly.
Support
Full support is included.
Updates
Lifetime Free Updates.
Manual
Detailed instructions are included in the user manual.
Refund Policy
30-Day Money-Back Guarantee.
Supported Currency Pairs
AUDCAD, AUDNZD, CADCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCHF and USDJPYMetaTrader Chart Timeframe
H1Fx Splitter Trading Strategy
Fx Splitter trades using basket trading forex strategy by which it opens trades between certain time intervals. Whenever a new interval is reached, Fx Splitter either enter, exit a trade or may do nothing and just prepare for the next time interval. The current market conditions control the robot's algorithmic decision during these time intervals.
It also engages a martingale system in its trading to increase the lot size for losing trade recovery. The lot sizes increases in parallel with the increase in trades count until the take profit target is reached and all trades are closed. Due to this, substantial drawdowns can result, and multiple orders with increased lot sizes can remain open if the take profit is not reached. This makes the strategy very dangerous in my opinion.
Bottom Line
Overall, Fx Splitter should be avoided as it uses very risky strategies. Many forex robot reviews exist on this website, and better alternative options over this EA are already available to download despite it comes with instructions, full support, and a money-back guarantee.
Other ArgoLab Forex Robots
Forex Warrior
Easy Walker FX
Talk about Fx Splitter
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.