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RoFx, as we all know, is an Expert Advisor company that has been offering quality trading bot services ever since 2010. With more than 50,000 active clients, RoFX can be considered one of the pioneers in the EA and algorithmic trading industry. With the Trust Pilot score of 4.1, RoFX is also considered one of the favourite Forex trading bots in the market. This bot has been showing significant trading results ever since its inception and is so transparent to publish them on verified public sources like myfxbook.com.
All the above features explain the credibility and reliability of this company. Now that RoFX is going public in the first quarter of 2021, we have attempted to pen down the fundamentals of this company. This will allow you to get a fair idea of what to expect from the upcoming IPO. Let’s get started.
The Journey till Now
RoFX trading bot started to trade the Forex Market in early 2009. At that point, its services were not made public as the team wanted to backtest their bot and perfect it before the release. After one year of testing, it is said that the bot exceeded their expectations in making gains and hence the official release happened in 2010.
Ever since then, RoFX continued to offer quality expert advisor services for traders across the world. In over a decade, the gains generated by this bot is more than 700%, and this can be verified on credible sources online. The capabilities of this bot can be understood by analyzing its performance during the pandemic. The forex market has been extremely volatile during the Coronavirus crisis, but the results generated by this bot even during this time is pretty impressive.
The RoFX Advantage
RoFX has some of the most significant advantages over its competitors in the market. Some of them can be found below.
New Age Technology
The RoFX bot is designed and developed by a team that consists of a right mix of Forex traders and machine learning developers. Typically, it is very hard for any EA company to survive and produce trading results consistently. This is because the technology used to design the bot gets outdated within a couple of years. The financial markets like Forex are ever-changing. It is impossible to predict market movement with outdated technology. This is the reason why we don’t see many trading bot companies going big in the market.
But with respect to RoFX, this is not the case. Because this bot is equipped with a self-learning neural network and embedded with AI capabilities; this means that the bot is learning continuously from the market and performing better than it used to perform a year (or even a few months) ago. This constant upgradation of RoFX’s knowledge library is the reason why this bot is able to trade like a pro in uncertain times like during Brexit and Coronavirus pandemic.
Risk Management
The fundamental goal of any Forex trader should be protecting their capital; the profit-making always comes second. The RoFX system is designed based on these principles. The company doesn’t use leverage to maximize profits, and that explains the importance they give to protect its client funds. Also, the bot uses very stringent risk management techniques such as placing accurate stop-loss orders, etc. to make sure to minimize the losses in adverse scenarios.
Moreover, all the RoFX users (irrespective of the package they hold) are eligible for loss coverage guarantee. That is, at RoFX, you will never lose all funds you have invested. If the bot has made a loss on your account, the company will cover those losses and make sure that you are satisfied with their service. There is a separate reserve fund that RoFX maintains just for this purpose. This explains the confidence they have over their product and service they offer.
Client-Centric
At RoFX, customer satisfaction is always a priority. Their support team is said to be one of the best in the market as their responses are always quick and relevant. You can reach out to them about any issue during the sign-up process, package selection, deposits and withdrawals, etc. and you can get your queries resolved almost instantly. This is the reason why this company has an excellent rating (4.1) on TrustPilot. It is crucial to know that all the profits that are generated by the bot on your account stay anonymous. That is, the company offers the privacy to maintain the confidentiality of your account balance.
Passive Income Stream Catering To Everyone
RoFX is not just for traders or people that belong to the finance industry alone. It is a potential passive income stream for everyone. Irrespective of who you are and where you are, you can sign up with RoFX and start receiving your daily, weekly and monthly profits. All you need to have is a laptop/smartphone and an active internet connection. We personally have never seen a high return passive income source with almost zero risks in recent times other than RoFX.
Consistent Profits
This company has promised and delivered constant profits for all of its clients in the previous decade. As of today, 0.38% of daily profit and 8 -13% of monthly profit is guaranteed on your investments in RoFX. Till now, 81% of all the trades taken by this bot turned out to be profitable. Also, this bot has an exceptionally impressive drawdown percentage which is less than 1% over the past couple of years. All these trading results can be checked and confirmed on the Myfxbook platform.
Notable Consideration
The only consideration we have found with RoFX is the performance fee they charge for the profits generated by their bot. It is a bit high when your deposits are low. The fee charged is based on the package that you have subscribed for, and these packages are based on deposits. That means, if your deposits are more, the fee charged will eventually reduce. The performance fee charged by RoFX starts from 50% and goes as low as 5% in some of those premium plans.
Having that said, with performance fee being their only revenue model and the absence of any subscription fee indicates how much the company themselves rely on the bot’s performance. Because, in this model, the company can do well only if they make more money for their clients. This gained our confidence in how the future of this company is going to be.
News Related To IPO
By now, you should have understood why there is so much anticipation around this fintech company’s IPO. As of now all we know that is the pre-IPO investment round is already scheduled for RoFX’s current clients. Also, there is a buzz among the stock market experts that Warren Buffett’s company – Berkshire Hathaway is currently negotiating to hold the majority of RoFX’s stake in the upcoming IPO. This not only increases the anticipation over the forthcoming event but also gives us a fair idea of what to expect from this whole phenomenon.
