Two trading accounts, which are changeable at any time via vendor e-mail request.
Fx Splitter trades well on most brokers whether 4-digits or 5-digits, while the most suitable broker should be with a small spread for the traded on pair and a moderate slippage.
If Fx Splitter trades on an account with a deposit that's not large enough for proper Money Management setup, a cent account is preferred that would make some broker choice restriction, as only few of them offer cent accounts.
We recommend trading with Fx Splitter on Tickmill, Alpari or IC markets Forex brokers via Commercial Network Services Forex VPS for the best stability and profitability.
A leverage of 1:500 is recommended, to minimizes the marginal load on the deposit, while smaller leverages as 1:300 and 1:200 can be used too.
Fx Splitter can trade on an account with a balance of as little as $70. For this, a cent account with minimal lots size of 0.01 should be used where $70 is equivalent to 7,000 cent currency units and the starting lot of 0.01 will allow the recommended Money Management settings to run perfectly.
Full support is included.
Lifetime Free Updates.
Detailed instructions are included in the user manual.
30-Day Money-Back Guarantee.
Fx Splitter EA is a fully automated forex trading system for the MetaTrader 4 trading platform, developed by Argo Labs as a member of their forex robots family including Forex Warrior and Easy Walker FX that were previously reviewed.
Fx Splitter trades using basket trading forex strategy by which it opens trades between certain time intervals. Whenever a new interval is reached, Fx Splitter either enter, exit a trade or may do nothing and just prepare for the next time interval. The current market conditions control the robot's algorithmic decision during these time intervals.
It also engages a martingale system in its trading to increase the lot size for losing trade recovery. The lot sizes increases in parallel with the increase in trades count until the take profit target is reached and all trades are closed. Due to this, substantial drawdowns can result, and multiple orders with increased lot sizes can remain open if the take profit is not reached. This makes the strategy very dangerous in my opinion.
Overall, Fx Splitter should be avoided as it uses very risky strategies. Many forex robot reviews exist on this website, and better alternative options over this EA are already available to download despite it comes with instructions, full support, and a money-back guarantee.
