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Sunday, December 5, 2021

Is Evolution FX A Scam? An Honest Review

The Email

A couple of months ago I received an email from one of my subscribers asking for my opinion about a trader that he had found on ZuluTrade. 

I receive tons of emails like this every day, but there was something that captured my attention – my reader couldn’t understand how was it possible for this trader to have so many followers, yet he couldn’t find anything online about him. 

So I’ve looked for Evolution FX on ZuluTrade and started my research. 

The Research

I started my research on ZuluTrade, a copy-trading platform that was founded in 2007 by Leon Yohai, and created in response to the non-existence of a web-based platform that could audit traders globally and at the same time; enable traders to share their knowledge with people interested in their strategies. 

Then, I extended my research on MyFxBook, the first social community for forex traders with the ability to connect with your forex trading account and where you can verify trading results.

The Strategy

I’ve learned from the public information listed on ZuluTrade that the trader uses an Expert Advisor to place his trades and the trading strategy is a mild grid. You all know that I’m not into risky trading strategies and I was excited about the “mild” part of it. Basically, when markets are overbought/oversold the trades are opened counter-trend. If the trade goes against the initial position, a new trade is opened in the same direction, up to 12 positions per pair and up to 24 positions in total. Positions can stay open from a few minutes to a few months. 

The Risk Management 

Well, that’s the part that really captured my attention. The low risk is achieved by position sizing. What this means is that you can copy the trades with 0.01 lots for every $1000 or 0.01 lots for every  $2000, for a lower risk.

The great thing about ZuluTrade is that all the trader’s past transactions are public and you can check his overall performance. Evolution FX had steady performance, growing from one month to another, ending each month with some pretty nice profits from 6% to10%. It all adds up if you are a smart investor and take advantage of the power of compounding.

All these got me really excited about investing with Evolution FX, but I needed more information and started to dig a little deeper. Every respectable trader has to be listed on MyFxBook

So I’ve searched Evolution Fx and found it here https://www.myfxbook.com/…/Evoluti…/evolution-fx/8586227

Is Evolution FX A Good Investment Opportunity?

Well, the numbers looked good and I decided to take it for a test drive. On July, 5th I’ve started following Evolution FX. I needed to be sure that this was a good opportunity before I recommended it to my subscribers.

So, during the 12 weeks test, Evolution FX’s return on my investment is more than 25% with a profit of $190 for my $1000 initial deposit. As you may know, ZuluTrade has a capital protection policy and you are not allowed to trade more than 75% of your bank. As the capital accumulates, you will be able to take another questionnaire and increase the amount available for following the trader.

Customer Service

When I started following Evolution FX, the only way I could have communicated with the trader was through the Zulutrade platform.

But now things have changed and they can be reached on their website and on social media, especially Facebook where they offer outstanding support for their followers. They even have a Telegram group that you can join right now to get your feet wet. And, of course, the Evolution FX Website with loads of info.

Conclusion

Yes. I recommend Evolution FX for all the pros that I’ve written about. No cons for the time being, but rest assured that I won’t hesitate to signal any problems that might occur with the trader or the strategy.

If you want to follow Evolution FX on Zulutrade, this link will send you directly to the trader’s account. First, you need to register an account on the platform if you don’t have one and link your broker to the platform. If your broker is not on the list, I recommend opening an account with the AAAFx broker for safer, easier and faster linking.

BONUS

I’ve left out the best part for the end. You can follow the strategy with a DEMO account before you decide to invest your hard-earned money. Click the link below to open your account and copy Evolution FX for free.

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