Trade Explorer Review

by FX EA Review
Trade Explorer

Today’s review will be about Trade Explorer. It’s a LeapFX’s robot. The company renewed a welcome page to attract more experience-free people.

Trade Explorer presentation

We provided them a fake email because they like spamming mailboxes.

Trade Explorer presentation

From the first page of the presentation, we know the robot can make up to 38% of the monthly profits, trading 27 currency pairs.

Trade Explorer: To Trust or Not to Trust?

LeapFX is not a scam company. They have a reputation among the Forex-related community. So, it’s completely up to you if you like a trading style and can afford the pricing.


Let’s talk about the robot’s features:

Trade Explorer Features
  • The EA works fully-automatically.
  • It can be run only on the MetaTrader 4 platform.
Trade Explorer currency pairs
  • We can trade 27 currency pairs + USD/SEK.
  • We can start making money with it without previous experience.
  • The system works perfectly well with default settings.
  • The EA is designed for a Standard, Mini, or Micro account.
  • The robot makes big profits with relatively low drawdowns.
Trade Explorer chart
  • The system informs us about spreads, drawdowns, leverage, balance, and others.
  • The robot will be working well with any account size.
  • We’re free to choose a broker we want.
Trade Explorer price

The EA is available in two packages: a lifetime membership and a one-year membership. The annual subscription costs $397. The lifetime membership costs $697. Both packages include a 30-day money-back guarantee. 

  • The software is delivered with a user guide that helps us to set it up.
  • The package includes updates and upgrades.
  • There’s welcome 24/7 support.

Verified Trading Results

Trade Explorer Myfxbook

The robot runs a real USD account on FX Choice automatically using technical indicators from the MetaTrader 4 platform. The leverage is set at 1:200. The account has a verified track record. It was created on May 13, 2020, and deposited at $5000. Since then, the absolute gain has become +78.83%. An average monthly gain is +7.32%. The maximum drawdown is 16.89%. The account is tracked by 35 users.

Trade Explorer advanced statistics

Trade Explorer closed 2804 deals with 5252.5 pips. An average win is 27.92 pips when an average loss is -100.43 pips. The win-rate is between 79^% and 80%. An average trade length is a day. The Profit Factor is 2.20.

Trade Explorer trading results

The EA works with all available in MT4 platform symbols. The most profitable is the GBP/AUD – $522.65.

Trade Explorer trading results

The robot focuses on trading European trading hours and night scalping.

Trade Explorer trading results

The most-traded day is Monday (655 deals).

Trade Explorer trading results

It runs the account with the lowest possible risk.

Trade Explorer trading results

As we can see, the SL levels are hidden from a broker. The robot uses a Trailing Stop Loss for each high profitable order.

Trade Explorer monthly gain
Trade Explorer monthly gain

All months were closed with profits. It looks like January 2021 will be profitable too.

Medium Drawdown

Trade Explorer drawdown

Trade Explorer sits in the consistent but not so high drawdowns.

Vendor Transparency

Trade Explorer Vendor Transparency

LeapFX has many real accounts for almost every EA they ever sold. The company is not only publishing its own robots but also provides publishing opportunities for average developers. LeapFX is like a little version of Forex Store or MQL5 and it has its own standard of presentation. Usually, they provide a mobey-back guarantee without any issues if we keep a recipe. 

Testimonials and mentions

Trade Explorer Testimonials

There’s only a LeapFX page on Forex Peace Army. There’s a 3.694 rate based on 11 reviews.

Trade Explorer Testimonials

Some of the testimonials sound fake.

Trade Explorer Testimonials

We can see some negative testimonials. 

Trade Explorer Testimonials

The refund policy requires a bank recipe. If you don’t have one – no money-back guarantee for you.

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