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Soft4FX Review: Full In-Depth Evaluation With the Pros and Cons

Soft4FX Review

Trading isn’t easy; instead, it takes a lot of time and practice to become a successful trader. That said, with the help of additional tools like the one we’re reviewing now, trading can be easier and more manageable.

However, the reliability of those companies is under question and we do want you to end up with some reliable ones like Plus500. Check the reliability of this company by reading our Soft4FX review. 

We delve deep into the firm’s profile and present both the pros and the cons so you can make more informed decisions. Stop relying on unfamiliar sources and keep reading to learn if this firm is worthy of your time. 

About Soft4FX

The lack of transparency was evident as soon as we visited the firm’s website. There isn’t any information regarding where they’re coming from, who is on their team, or any type of reviews from traders where we could confirm their reliability. The company is a mystery, to say the least, so make sure to proceed with caution. 

The data of the firm is hidden on WHOIS by a paid service, and even ScamAdviser didn’t give a high trust score. It would seem that there are several negative reviews for the site and the data-sensitive services provided on this website are hosted on a shared server, which is a red flag.

However, the Soft4FX Forex simulator is a great way to backtest your strategy, and we would recommend using a tool like that, and see what works for you and what does not. But even tools like this can be a hassle, which is why it’s important to read our Soft4FX review until the end. 

Company Type Trading Tool
Legal name Soft4FX
Regulation Not expected
Registered in N/A
Established 2011
Website soft4fx.com
Financial Authorities Warnings
  • No official warnings
Contacts
Fees
  • $109 + VAT
If Active on Social Media: No
Investor Protection: None
Activity areas Thailand, United States, India, United Kingdom, Indonesia;
Main threats Lack of transparency;
Main perks Good Forex simulator; 

Legal Information

Companies that don’t offer financial services are not required to be regulated. However, regulatory oversight is a great benefit for firms such as this one. Not only it will provide an additional level of security but if the company is unreliable, it’s much easier to see through them. 

Either way, the fact that this company is unregulated doesn’t mean they’re unreliable. Despite saying the site is secure and they’re not saving your card details, ScamAdviser did notice the data is hosted on a shared server, which is not at all secure. 

Choosing a regulated company or at least a firm with a proven track record of their services may be the best choice. In the end, you don’t want to end up with someone like SoltechX. However, keep reading and learn about the pros and cons so you can decide if this firm has what you need to succeed. 

Soft4FX Features

The Soft4FX MT5 isn’t available unfortunately, however, it functions as an MT4 plugin and builds a potent trading simulator by fusing the excellent charting features of MT4 with high-quality tick data and an economic calendar. 

You may pause, adjust the speed, and rewind the candles one at a time while viewing charts, indicators, and economic news as if it were happening in real-time. You can also use SL and TP, trailing stops, open and close trades, set pending orders, change orders, and partially close transactions. Great for an ordinary Soft4FX strategy simulator, right? 

Watching your profit/loss, equity, drawdown, and a plethora of other real-time metrics and statistics is the final phase. Additionally, you can build an HTML report in the style of MT4 or export trading results to Excel. You can identify areas where your approach is lacking by examining your trading performance.

Soft4FX Price

There are only two plans including the demo account. The demo is free, however, the features are limited. You are entitled to only 5 trades per simulation and 2 sample years of data, which won’t get you anywhere. There is no option to save or load, meaning the demo account is useless. 

However, for a one-time payment of $109, one user can get much more. There are 2 MT4 accounts, all features unlocked, free updates, unlimited trading, 10+ years of data, and unlimited access to everything. 

The price isn’t expensive compared to the competition, however, if you’re not someone looking for unlimited access, it may be expensive for you. As aforementioned, the demo account is useless and won’t get you anywhere, so if you want to work with this company, paying is a must. 

Traders Share Their Experiences

There are no reviews on any well-known networks like Trustpilot or Sitejabber. But after digging deeper, we did find a helpful Reddit discussion we can use to our advantage to see how the company is operating behind the curtains. 

It seems that the company is operating great according to several traders, and all of them are happy with the subscription. While the backtesting options and the simulator work great, some traders did complain about how all of it is limited to only one person. These reviews are unfortunately not enough, as there are only a couple of traders who shared their experience. 

Payment Options and Process

The one-time payment is eligible for a refund within 14 days of the original purchase. After 14 days, refunds are only possible if you face insolvable technical problems with the software. A great benefit is the Soft4FX free download, which is available after paying. 

As for the payment process, the card details you leave are not saved, according to the company’s privacy policy. The payment is done over Click2Sell, which is also used to run the affiliate program. However, if the data is hosted on a shared server, we wouldn’t recommend leaving your card details. 

Weighing the Pros and Cons

Pros Cons
  1. Powerful Forex Simulator
  2. Real-time Metrics and Statistics
  3. Customizable Trading Options
  4. Data Exporting
  5. Reasonable Price
  1. Lack of Transparency
  2. Limited Demo Account Features
  3. Limited User Reviews
  4. Data Security Concerns
  5. Limited Information

Can I Make Money While Trading Online?

This company isn’t the best choice you can make, especially in today’s modern age. However, it might be suitable for a chosen crowd. Depending on what suits you and what not, Soft4FX may be a good addition. 

However, it doesn’t impart any patience-building skills. When trading live, you might not have the patience to wait for the setup to form, wait for a retest, or worry that you will miss the limit order for a few pips, and then you’ll have to wait for hours to find again a very good setup.

That said, we would highly recommend trying your luck with AI-powered tools like AI.F. Instead of wasting your time on education, you can skip years of learning and dive right in. The only knowledge you must possess is the ability to understand how to implement AI insights. 

There are many features of this potent program and you can uncover them all by trying the bot for 14 days for free. If you like it, and we are sure you will, you can enjoy the perks with a basic subscription of only $9 a month. Start your profitable trading journey now by reaching out. 

FAQ Section

What is Soft4FX?

Forex Simulator functions as an MT4 plugin. To produce a potent trading simulator, it combines the excellent charting features of MT4 with high-quality tick data and an economic calendar.

Is Soft4FX Worth It?

The simulator and backtesting service seem great according to some traders, however, if you’re not ready to pay for lifetime access, we would recommend choosing companies with a demo account that offers better features.

How Much Does Soft4FX Cost?

The demo account is free, however, it doesn’t provide access to all features. The plan itself costs a one-time payment of $109.

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