In our Legendafx review we look at this new forex trading robot hitting the market in mid July 2009.
As you will know if you have been around the funded trader forex market for a while, Legendafx was the big automated forex software hit of late 2008 and is still trading well in mid 2009. The economic downturn seemed to do nothing to prevent this automated forex trading system from making money for its users. So what is with the release of FAPT Evolution, the new revision of Legendafx from the same developers?
The first thing to note is that FAPT Evolution is designed to work with one brokerage company in particular, the Swiss based Legendafx. In fact until they ran into trademark issues the developers’ original plan was to name this new robot FAPT Swiss.
The robot remains independent and Legendafx will not be providing support for the automated software, only for their own trading platform. Still, this makes Legendafx a very different creature from the old style expert advisor forex robots that, like the original version of Legendafx, run on Legendafx and are compatible with a number of brokers who support this platform.
Legendafx is a highly regarded broker and we do not envisage the close dependence to be a problem. However, if you were thinking of getting FAPT Evolution to run with a few hundred dollars in a mini trading account you will have to think again. The minimum investment at Legendafx is $10,000. So this is a not a robot for the small time investor.
For obvious reasons the developers are planning to limit the number of copies sold. FAPT Evolution is already making a big noise in the market and Legendafx may be flooded with new account enquiries, so we recommend you get in fast if you want in.
The development team is fast becoming the market leader in the world of forex robots. They say themselves that “FAPT Evolution is the most powerful and stable Forex Robot we have ever developed, period.”
Some patience may be needed in the first few days while the brokers deal with so many new accounts and you deal with the learning curve required to set up your new robot. However, the software will have its own forum where you can pick up support and suggestions from other users as well as the developers. This takes a lot of pressure off the developers’ own support system and should be your first port of call for any minor issues.
The differences here mean that ‘Evolution’ was maybe not the best choice of name. This new version of FAP Turbo is not so much a new model as an alternative choice for a different type of investor. In short, the release of Evolution should not stop you from buying the original Legendafx with its proven results, if that would suit you better.
So for beginners and those with smaller investment funds, we recommend starting out with the original version of Legendafx which you can operate on a mini account with several brokers.
However, serious forex brokers should take a close look at FAPT Evolution. Our conclusion from this Legendafx review is that this could revolutionize your forex trading and take automated forex systems to a whole new dimension.