FX Scalper X promises profitable trades with its innovative software. As per the info on the official site, the FX EA is fully automated to ensure traders do not fail as with the manual method. There is no info on the developer or team behind the software provided. There are no company details like founding year, location address, phone number, etc as well.

For support, the vendor offers a Telegram channel link. To buy the ATS, you have to choose from the four available subscription packages all of which provide 3 robots each. The 3-months package costs $95 and the 6-months package costs $135. For one year the subscription package costs $165 and the unlimited package costs $195. An unlimited number of accounts and lifetime access are provided with the unlimited package. There is no money-back guarantee present. When compared to the market average, the pricing packages are not expensive.

Key features

As per the vendor, the important features that make this FX robot gain an edge are:

It is 100% automated with assured profits on autopilot.
The EA is easy to install
Free updates are provided for the product.
24/7 support is offered.
It is compatible with all MT4 brokers.
A minimum deposit of $100 and a recommended amount of $500 are part of the recommendations.

We could not find the info such as the currency pairs the system works on, the timeframe, leverage, settings, and other details.

FX Scalper X trading approach

Although the name of the FX robot implies it is a scalping robot, there is no explanation present. The lack of info on the approach raises a red flag for this FX EA. Since the strategy used plays a vital role in deciding the viability of the software, the lack of info looks suspicious.

Backtesting results

No backtests are present for this FX EA. Instead, the vendor provides trading details claiming that more than 10000 traders are profiting from the system daily. Strategy testing despite being based on historical data helps to understand the approach used. Without a proper strategy tester report, it is difficult to evaluate the efficacy of the approach.

FX Scalper X live trading results

A real USD account verified by the myfxbook site is provided by the vendor. Here are a few screenshots of the trading results:

From the above trading stats, we find that the account was started in January 2021 using the LQDFX broker using the leverage of 1:300 on the MT4 platform. A total profit of 106.15% and an absolute profit of 105.1% are present. The daily and monthly profits are 0.19% and 5.96%, respectively. A drawdown of 25.82% is present for a deposit of $2900.

The total number of trades completed is 7242with 75% profitability and a profit factor of 1.58. A lot size of 0.01 is used for the trades. From the results, we find the drawdown is high. A drawdown higher than 20% denotes a risky approach that most traders will not be comfortable with. Moreover, the profits are not very high considering the number of trades executed.

What are the risks with FX Scalper X?

From our analysis of the various characteristics of this FX EA, we identified the following factors that influence your buying decision:

There is a lack of vendor transparency which makes us suspect the reliability of the system
We could not find info on the strategy and backtesting results
Real trading results indicate a risky approach

Worth noting!

Unfortunately, we could not find user feedback for this FX EA on trusted third-party sites like FPA, Trustpilot, etc. The absence of reviews makes it difficult to assess aspects like performance, support, and other characteristics.

What are the Pros & Cons of Investing in FX Scalper X?

Pros	Cons
A fully automated software	The strategy is not divulged
Verified trading results	No backtesting results present
	Absence of vendor transparency

Our assessment of the FX robot reveals that the vendor provides verified live trading results. But there are drawbacks like the lack of vendor transparency and the absence of strategy explanation you should consider.

FX Scalper X Conclusion

48% Summary

FX Scalper X promises successful returns with its fully automated software. Live trading results verified by the myfxbook site provide info on the efficacy of the system. However, the lack of info on the strategy and backtesting looks suspicious. Further, there is a lack of vendor transparency that makes us doubt the reliability of the product.