Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FXCipher Software Review

  1. FXCipher is another auto trading software for forex markets. It promises great trading experience, especially as they claim that 90% forex traders fail. Even though it is hard to confirm these numbers, some might say that it is always a good decision to use a software. Forex trading software are becoming increasingly popular among traders, and every few days a new one pops out on the market, so no wonder traders get confused and overwhelmed by choices.

    FXCipher review will give traders a better insight into what this software is all about. Read the review and find out if this is a scam or a great trading software.

  2. Account Features

    Traders will be happy to know that we found out in FXCipher review how this software puts a lot of effort into their education. The software contains 6 modules, and every one of them has a special story, or educational and trading materials to offer to you.

    • Module 1 – serves as the introduction to the world of forex trading. Traders can learn the basics.
    • Module 2 – learns traders to trade more effectively and helps them understand the importance of a good broker.
    • Module 3 – introduces traders to FXCipher charts.
    • Module 4 – teaches techniques and strategies for maximizing payouts.
    • Module 5 – introduces ‘secret and hidden areas’ that traders can benefit from.
    • Module 6 – advanced trading blueprint

    Traders can also get 6 different bonus packages that are basically additional learning materials. This is a very innovative approach towards using the automated trading software as most of the similar products rely on the simplicity rather than education.

    FXCipher Price

    FXCipher is not a free trading software. They claim to offer traders packages that cost $1250 for only $97. This sounds like a solid deal, but it may concern traders who don’t have enough money to afford a trading software like this or simply prefer to put their money into trading rather than into software as there are quite a few free software around.

    FXCipher Demo

    FXCipher doesn’t have a free demo but offers a free trial. A free trial is when you have a chance to actually use a software for free, for a limited period of time. FXCipher trial lasts 14 days, and after that, you can either ask for a refund or continue using it.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
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  5. Trading Software & Assets

    FXCipher is somewhat different than many other trading software. It is a software that requires no download, but installation from a CD that will be shipped to you. This somewhat old-fashioned approach means that traders can’t simply log in to their trading account, but must buy software, wait for it to arrive, install it and only then can they trade. This makes the entire FX trading somewhat complicated as traders prefer more direct approach. This can be also a very demanding software for beginners who are only entering the world of trading as they will have to be more educated in terms of using their equipment as computers and such.

    FXCipher doesn’t mention a chance of using this software on a mobile or tablet device. This means that traders are limited to trading with a single personal computer or laptop. It is important to mention how FXCipher website never provides a glance of the software, or gives a precise information on tools, indicators, and charts that can be used. For this reason, traders should definitely try to find a way to test the trial mode first.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support Information

    FXCipher review showed that this software doesn’t provide a live chat customer support like most popular software do. Traders can use the email listed on the bottom of the website to contact the FXCipher customer support team. While communication via email is not necessarily bad, it is much more convenient and faster to use live chat. On live chat, agent reply almost instantly.

    Also, considering that FXCipher is a software that requires installation, it can be quite a challenge to get the so much needed support. Traders will have to exit the trading room, log in to their email, send email, and wait for a reply. Considering that 24 hours is the average time of replying when it comes to emails, it is completely obvious that there is a lot of room for improving customer support at FXCipher.

    Educational materials are provided along with the software. However, there is no additional glossary or guides section that is regularly updated. Basically, once you pay for the software and install it, that is all the service you will get. There are no additional perks and benefits waiting for you.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Banking & Company Information

    FXCipher is a trading software and not a forex broker. This is important to understand as it does not provide trades, accepts the deposits or processes withdrawals. The only transaction you will ever have to do is paying for the software.

    Considering how this software is operated on a somewhat different basis than most other software, traders also have the right to the refund. Refund policy can be found at the bottom of the FXCipher website.

    First 30 Days Refund

    In case you are not happy with the product during the first 30 days, you can send back all materials bought, and delete all programs related to FXCipher from your computer in order to get a full refund.

    Refund After 30 Days

    IF you ask a refund after 30 days, it will be impossible for you to get a full refund. You will have to ask for a specific amount, along with delivering an explanation, send back all the materials and delete them from your devices. Only then will you be eligible for a partial refund.

    We strongly recommend all traders to try and ask for a refund within first 30 days, and not to wait any longer as later refunds tend to be more complicated.

    FXCipher software requires a broker as well. While FXCipher is a software that helps you execute the trades, forex broker is the place where trading actually takes place. However, FXCipher review didn’t manage to find a list of brokers that support this trading software or a set of instructions that explain how to connect the broker with the software. Of course, there is a great chance how this can be found out only in case you are the software user, but it is still not a very user-friendly approach.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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