Vantage Point X has got a “very hard to work with” presentation. It starts with a statement that there’s a myfxbook account. Clinking on the link, we see this:
We’ve got no linked account. Having gone back to the member’s core we’ve found that there’s at least one account life.
The robot itself has been introduced as the first AI EA ever existed that has got an 85% level of accuracy and support for all major pairs.
The presentation goes to a block about importance of auto trading and link on an “About Us” page.
As we can see, the link goes nowhere.
Running Vintage Point X is set on three features: reliability, trade frequency, easy to use.
There are results we should rely on, according to the devs intel.
The robot has hot Stealth Mode and supports ECN brokers.
The “Services” link goes nowhere as well.
Other intel and backtests
A list of trusted brokers warn us so much
Where are well-known brokerage companies like IC Markets, FX Open, and others?
On the page where backtest results should be placed, we see just screenshots
Vantage Point X Trading Performance
It’s a very young real GBP account. The robot works through IC Markets broker that was not in the list of trustful brokers. The robot trades with 1:200 leverage on the MetaTrader 4 platform.
Since September 2019, the robot could provide +345% of the account gain, trading with extremely high risks and overwhelmingly high level or drawdowns (88.68%). The monthly gain is 27.6%.
Trades with risk like that on the very weak EA is madness… and how it looks like
9 open deals will bring about -57% of the account balance. So, we’re seeing how the robot halves the account. There probably SL level has been set on -1000 pips if we on several deals overcame -500 pips. So, -57.3% it’s not the end.
The robot has been performed 608 deals with 2786 pips. The average win 13.36GBP is half time lower than the loss is 19.99GBP. The average win-rate is 75% across the longs/shorts. The profit factor is 2.08.
Vantage Point X tried to work with gold but no avail.
The risk level is extremely high.
People feedback
The presentation provides some positive feedback, but we check Trustpilot because we’ve seen screens from it the presentation.
Yeah, there are many comments from people just with one review posted like this:
Pricing
The robot has got five packages
So, for $250 we’ll get 3 months license, for $500 12 months license, and for $1000 one lifetime license.
The devs don’t provide demo accounts and free updates.
As well, there are two more packages. Vantage Point X – Elite for $2000 is not clickable.
For $1500 we’ll get something that no one knows.
Is Vantage Point X Scam?
Pros
- Life account trading results
Cons
- Lack of strategy explanations
- Lack of setting explanations
- Lack of packages explanations
- Lack of info about devs
- Lack of features explanations
- Fake people feedback
- Fake backtests
- Good-for-nothing list of suggested brokers
- Trading with impossible risks
- Extremely high drawdowns
- There are open trades that have already halved the account
- Madness price
- No demo accounts provided
- No free updates
- No money-back guarantee
Is Vantage Point X Scam? The answer is: “Yes, it is”. We suggest you avoid this EA. The robot went nuts and slowly but surely zeroes the account balance. When we were going to end the review results looked like:
So, RIP for the account. Why did it die? The answer probably because something went wrong with a money management system that put SL levels wrong.