WikiFX

Sagot

Based on my review of Forex Limited, it appears automated trading with Expert Advisors (EAs) is technically supported across their various account types. From the details I found, each environment mentions “SupportedEA,” suggesting that using EAs is allowed, and the platforms listed (such as MT5 mentioned in user experiences) are generally compatible with such automated strategies. However, despite this technical possibility, my experience teaches me to weigh much more than mere platform capability when considering a broker for automated trading. The overwhelming concern for me is the broker’s reputation and the many negative user reports. Several traders have described serious difficulties with withdrawals, claims of being asked to pay unexpected extra fees or “taxes,” and even outright allegations of scam behavior. There’s also a lack of clear, transparent technical details about account conditions, platform specifics, and no substantial supporting documentation on the official site. For automated trading, stability, order execution integrity, and timely fund withdrawals are absolutely critical. The presence of regulatory oversight from New Zealand's FMA might appear reassuring, but the “suspicious scope of business” and “high potential risk” flags are impossible to ignore for me as a risk-conscious trader. So, while the technical support for EAs is in place, my personal approach would be extremely cautious. The risks associated with fund safety and the many unresolved complaints outweigh the potential convenience of running automated strategies. I would not feel comfortable deploying significant capital or relying on EAs here until Forex Limited demonstrates clear improvements in transparency and its withdrawal processes. My advice is always to put safety first, especially when considering hands-off, automated solutions.