Based on looking at the website Hexafxrobot.com, it appears to offer an AI-based algorithmic trading robot, dubbed “HEXA EA,” for Forex trading. The platform markets this as a “complete trading solution” designed to generate high returns with low risk, even without human intervention. However, it’s crucial to understand that involvement in Forex trading, particularly through automated systems that promise guaranteed profits, can often venture into areas that are not permissible and carry significant risks, such as Riba interest, Gharar excessive uncertainty, and potential for financial fraud. These elements are inconsistent with ethical financial practices and the principles of fair and transparent transactions. Such automated trading systems often obscure the true nature of the transactions, making it difficult to ascertain their permissibility, and the promise of “guaranteed returns” is a common red flag in speculative financial schemes. Instead of pursuing avenues fraught with uncertainty and potential impermissibility, individuals should seek out clear, transparent, and ethically sound investment opportunities that align with established guidelines for permissible earnings.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Hexafxrobot.com Review & First Look

Upon a first glance at Hexafxrobot.com, the site presents itself as a solution for automated Forex trading, featuring an “AI-based Algo trading robot” called HEXA EA.

The core proposition is that this robot can generate “highest returns every single time irrespective of market conditions” without human intervention.

This immediately raises a red flag for anyone familiar with the volatility of financial markets and the inherent uncertainties involved in trading.

Initial Impressions and Claims

The website prominently advertises the HEXA EA as a “complete trading solution” that is offered “free of cost on profit sharing basis.” This means users supposedly don’t pay upfront to use the robot but share 10% of their profits at the end of the month.

This model aims to attract users by minimizing perceived initial financial commitment. Decocean.dk Reviews

Bold claims: The site asserts the robot achieves “highest returns every single time” and can make “huge profits even on small trading accounts.” Such absolute guarantees are highly improbable in any legitimate trading environment.
Ease of use: The platform emphasizes an “install and forget” approach, with promises of free VPS hosting and mobile monitoring, suggesting a hands-off experience for users.
Customer support: They claim to offer “full customer support” including live chat, remote desktop support, and guidance on optimum settings.

The Underlying Impermissibility

The very nature of automated Forex trading, especially when promoted with promises of constant high returns and profit-sharing models, often involves elements that are problematic.

Forex trading itself can be permissible if conducted under strict guidelines, avoiding interest, excessive speculation, and transactions that lack clear ownership and delivery.

However, an automated robot that aims to generate continuous profit regardless of market conditions often implies:

Riba Interest: While not explicitly stated, many trading platforms or underlying broker arrangements can involve interest-based transactions, especially in leveraged trading, which is common in Forex.
Gharar Uncertainty/Deception: The promise of guaranteed profits in a volatile market like Forex, or the opaque mechanisms of an automated robot, can involve excessive uncertainty or even deception, making the earnings impermissible. The lack of direct control and understanding of each transaction’s permissibility is a major concern.

Hexafxrobot.com Concerns and Red Flags

Given the claims and the nature of automated Forex trading, several significant concerns and red flags emerge from Hexafxrobot.com.

These points are critical for anyone considering engaging with such a platform, especially from a perspective of ethical and permissible financial dealings. Quicklotz.com Reviews

Exaggerated Profit Claims and Unrealistic Expectations

The most striking red flag is the repeated assertion of “highest returns every single time irrespective of market conditions” and the ability to make “huge profits even on small trading accounts.”

Market Reality: Financial markets are inherently volatile. No legitimate trading system, whether manual or automated, can guarantee consistent profits, let alone “highest returns every single time,” regardless of market conditions. Economic data, geopolitical events, and unexpected global crises can all significantly impact currency movements.
Statistical Improbability: Even the most sophisticated institutional trading algorithms experience drawdowns and periods of loss. Promising zero losses or constant wins is a hallmark of speculative schemes rather than sound investment.
Audience Targeting: Such promises specifically target individuals new to trading, who may not understand market complexities or the inherent risks involved. This preys on a desire for quick and easy wealth, which rarely materializes in ethical financial endeavors.

Opaque Mechanics and Lack of Transparency

While the website mentions “advanced strategy based schema and price action techniques,” it offers very little concrete detail about how the HEXA EA actually operates or what specific strategies it employs.

Black Box System: Automated trading robots are often “black box” systems, meaning users don’t fully understand the underlying logic or risk management protocols. This lack of transparency makes it impossible to verify if the robot’s operations align with permissible trading practices.
Verification Issues: The claim of “Verified Past performance” with “Genuine performance results and trading statements” is presented, but without direct links to verifiable, independent audits or regulatory oversight, these claims remain unsubstantiated. MyFXBook or similar platforms can be manipulated or show results from demo accounts, not live trading under real market conditions.
Broker Partnership: The requirement to use their “partnered broker’s platform” for the “free” offer is a significant concern. This creates a potential conflict of interest, where the robot’s performance might be tied to incentives or arrangements with the broker rather than purely profitable trading for the user.

Financial Viability and Sustainability Questions

The “profit-sharing” model, while seemingly user-friendly, raises questions about the platform’s long-term financial viability and the actual value proposition.

Revenue Stream: If the robot is genuinely “free” and they only earn a small share of profits, how sustainable is their business model? The mention of “affiliate income from our partnered broker” as another revenue stream reinforces the potential conflict of interest. This suggests their primary income might not solely come from the robot’s success, but from directing traffic to a specific broker, regardless of the user’s ultimate profitability.
Risk Transfer: In this model, the user bears 100% of the trading capital risk. If the robot loses money, the user loses their capital, and Hexafxrobot.com incurs no direct financial loss from those trading activities. This heavily favors the platform.
Withdrawal and Control: There’s limited information on the ease of withdrawing funds from the partnered broker or the degree of control users have over their trading accounts once the EA is installed and operating automatically.

Hexafxrobot.com and Impermissible Financial Practices

Delving deeper into Hexafxrobot.com’s offerings, it’s clear that the platform’s core model of automated Forex trading with promises of guaranteed profits inherently clashes with fundamental principles for permissible financial transactions.

Riba Interest in Forex Trading

Forex trading, particularly with leverage, often involves Riba, even if not immediately obvious. Soleheat.co.uk Reviews

Rollover Charges Swap Fees: When a Forex trade is held overnight, brokers often charge or pay a “swap fee” or “rollover interest.” This is essentially an interest payment on the leveraged portion of the trade. Automated EAs frequently hold trades for extended periods to capture trends, making them susceptible to these fees.
Lending and Borrowing: Leverage in Forex fundamentally involves borrowing capital from the broker to control a larger position. If this borrowing involves an interest charge, it becomes Riba. Even if “interest-free” accounts are offered, one must scrutinize how the broker generates revenue from such accounts to ensure there isn’t a hidden or indirect form of Riba.
Lack of Tangible Exchange: While currency exchange itself can be permissible, the rapid, highly leveraged, and often speculative nature of automated Forex trading on margin accounts often deviates from the requirement of simultaneous exchange and clear possession of both currencies.

Gharar Excessive Uncertainty/Speculation

The “install and forget” model of Hexafxrobot.com’s EA exemplifies Gharar, which renders contracts invalid and earnings impermissible.

Undefined Outcomes: The user has no direct control over individual trades. The robot’s algorithms are proprietary and opaque, meaning the user is essentially entering into a financial arrangement where the outcome is largely unknown and dependent on an unverified, black-box system.
Guaranteed Profits Fallacy: Promising “highest returns every single time” is a clear example of Gharar. It suggests an outcome that cannot be guaranteed in reality, creating an illusion of certainty where none exists. This level of uncertainty is considered excessive.
Absence of Real Transaction: In many automated trading scenarios, the user isn’t truly buying and selling currencies in a traditional sense, but rather speculating on price movements through a contractual arrangement with a broker. The underlying assets are not genuinely exchanged and possessed, which is a critical condition for permissible transactions.

Qimar Gambling

Reliance on Chance: While algorithms are based on logic, the success of an automated trading robot in consistently generating profits in an unpredictable market relies heavily on chance, especially when fundamental analysis and real-world economic conditions are not directly integrated into the trading decision process.
Fixed Zero-Sum Game Mentality: The profit-sharing model, particularly when coupled with the “free” robot offer, can foster a gambling mentality. Users are encouraged to put capital at risk with the promise of a percentage share of profits, mirroring a lottery or betting system where a small fee or no upfront fee is paid for the chance at a large payout, with the house Hexafxrobot.com always getting a cut.
Lack of Productive Activity: Unlike legitimate businesses that involve the production, exchange, or provision of real goods and services, speculative Forex trading through an automated robot often does not contribute to the real economy. It’s primarily a transfer of wealth based on price fluctuations.

Hexafxrobot.com Pricing and the “Free” Hook

Hexafxrobot.com employs a specific pricing strategy centered around a “free” offer, which serves as a major hook for potential users.

However, it’s essential to dissect this model to understand its implications fully.

The “Free EA on Profit Sharing Basis”

The primary offer is that the HEXA EA is provided “free of cost on profit sharing basis.”

The Model: Users don’t pay an upfront fee to download or use the robot. Instead, they commit to sharing 10% of the profits made with Hexafxrobot.com at the end of each month. The website emphasizes: “So this means you earn first and pay us a small share from your profits later!”
The Catch: For this “free” offer, users are required to run the robot on Hexafxrobot.com’s “partnered broker’s platform only.” This is a critical detail, as it introduces a potential conflict of interest and limits user choice.
Perceived Low Risk: This model is designed to appear low-risk to the user, as there’s no direct upfront cost for the software. However, the user is still risking their entire trading capital, which can be substantial. The “free” aspect only applies to the software itself, not the capital risked.

The Lifetime License Purchase Option

For users who wish to run the HEXA EA on their “own broker’s platform,” Hexafxrobot.com offers a purchase option. Castlelightingomagh.com Reviews

Cost: A lifetime license for the HEXA EA costs $179.
Usage Rights: This license allows the user to run the robot on “one live and one demo account.”
Motivation: This option caters to more experienced traders who might prefer using their existing broker or have concerns about being tied to a specific “partnered broker.” It also allows Hexafxrobot.com to monetize users who are wary of the profit-sharing model or simply prefer outright ownership of the software.

Revenue Generation for Hexafxrobot.com

Beyond the direct license sale, Hexafxrobot.com clarifies how it generates income:

Profit Sharing: The 10% cut from user profits is a direct revenue stream, contingent on the robot actually making profits.
Affiliate Income: They explicitly state, “Also we earn affiliate income from our partnered broker.” This means they receive a commission or referral fee from the broker for every user they direct to that platform. This is a significant revenue stream and could potentially influence their advice or robot’s settings to favor the broker, even if it’s not optimal for the user’s trading.

Implications of the “Free” Model

While “free” sounds appealing, it’s essential to recognize the subtle ways users might be disadvantaged:

Broker Lock-in: Being forced to use a specific broker limits a user’s ability to shop for competitive spreads, favorable trading conditions, or brokers with strong regulatory oversight.
Hidden Costs/Incentives: The affiliate income model creates a situation where Hexafxrobot.com benefits from users trading on their partnered broker, regardless of the user’s actual profit or loss. This can lead to a focus on increasing trading volume which generates commissions for the broker rather than ensuring consistent, profitable, and permissible outcomes for the user.
Misleading Value Proposition: The perception of getting something for “free” can overshadow the significant financial risks involved in automated trading with real capital.

Better Alternatives for Financial Growth and Investment

Given the significant concerns surrounding Hexafxrobot.com and similar automated trading platforms that involve impermissible elements like Riba, Gharar, and Qimar, it is crucial to explore ethical and permissible alternatives for financial growth and investment.

These alternatives prioritize transparency, real economic activity, and adherence to principles that align with a sound moral compass.

1. Halal Investments in Real Assets and Businesses

Investing in tangible assets and legitimate businesses offers a clear and permissible path to wealth accumulation. Onestopbathrooms.co.uk Reviews

Real Estate: Investing in properties, whether for rental income, development, or resale, involves a tangible asset and provides direct ownership. This can include residential, commercial, or industrial properties.
Equity Investment Halal Stocks: Investing in the stock market can be permissible if done carefully. This involves:
- Screening Companies: Ensuring the company’s primary business activities are permissible e.g., avoiding alcohol, gambling, conventional finance, entertainment.
- Financial Ratios: Checking that the company’s debt-to-equity ratios and interest-bearing income/assets are within acceptable limits.
- Sector Focus: Prioritizing investments in sectors like technology, healthcare, manufacturing, or consumer goods that align with ethical principles.
Direct Business Investment: Investing in or partnering with a legitimate business that produces goods or services e.g., manufacturing, retail, technology startups, agricultural ventures. This involves shared risk and reward based on real economic activity.

2. Ethical and Permissible Financial Products

For those seeking more structured investment avenues, several options avoid interest and excessive uncertainty.

Sukuk Islamic Bonds: These are certificates representing undivided shares in tangible assets, projects, or specific investments. They function like bonds but are structured to comply by avoiding interest, instead offering a share in the profits generated by the underlying assets.
Halal Mutual Funds/ETFs: Many financial institutions now offer mutual funds or Exchange-Traded Funds ETFs that specifically invest in a portfolio of permissible stocks and assets, screened by ethical boards.
Takaful Islamic Insurance: Instead of conventional interest-based insurance, Takaful operates on the principle of mutual cooperation, where participants contribute to a common fund, and money is paid out to those who suffer loss. It avoids interest and excessive uncertainty.
Halal Savings Accounts: These accounts are structured to avoid interest. Instead, they might operate on a profit-sharing basis from permissible investments or use a Qard Hasan benevolent loan model.

3. Personal Skill Development and Entrepreneurship

Investing in oneself and building a legitimate business based on skills and value creation is a highly encouraged path.

Skill Acquisition: Learning new skills that are in demand e.g., coding, digital marketing, trades, consulting can directly lead to increased income potential through employment or freelancing.
Starting a Business: Creating a product or offering a service that genuinely solves a problem for others. This involves effort, risk, and innovation, but the earnings are directly tied to value creation and productive work. This is a highly encouraged form of permissible earning.
E-commerce/Online Ventures: Setting up online stores to sell physical goods, digital products, or offer services e.g., web design, content writing involves clear transactions and delivery, aligning with ethical trade.

4. Avoiding Debt and Interest Riba

A fundamental principle for financial well-being is avoiding debt that incurs interest.

Saving and Budgeting: Prioritize saving money to make purchases upfront, rather than relying on credit cards or loans with interest. Developing strong budgeting habits is key to financial discipline.
Halal Financing: For large purchases like homes or cars, seek out halal financing options that operate on principles like Murabaha cost-plus financing, Ijara leasing, or Musharaka partnership, where the transaction is based on real assets and shared risk/reward, not interest.

By focusing on these clear, transparent, and ethically sound alternatives, individuals can build genuine wealth while upholding their principles, rather than being drawn into speculative and potentially impermissible schemes.

How to Cancel Hexafxrobot.com Subscription if applicable

While Hexafxrobot.com primarily operates on a profit-sharing model for its “free” EA, there is an option to purchase a lifetime license for $179. Cancelling a “subscription” would therefore mostly apply to discontinuing the use of the profit-sharing service or managing the lifetime license. Dolomitienergia.it Reviews

Since no ongoing monthly “subscription” fee is mentioned for the profit-sharing model beyond the 10% cut, the cancellation process would revolve around stopping the robot’s operation and ceasing any profit share.

For the “Profit Sharing” Model Users

If you are using the HEXA EA under the profit-sharing arrangement, cancellation primarily means discontinuing its use.

Discontinue Robot Operation: The primary step would be to stop the HEXA EA from running on your trading account. This could involve:
- Contacting Support: Reach out to Hexafxrobot.com’s customer support via live chat or email and inform them of your decision to stop using the robot. Request instructions on how to properly deactivate it.
- Removing from VPS if applicable: If the EA was installed on their free VPS, you would need to ask them to remove your instance.
- Removing from Your Platform: If you installed it on your own computer, simply disable or remove the EA from your MetaTrader 4 MT4 or MetaTrader 5 MT5 platform.
Settling Outstanding Profit Shares: If you stop using the EA mid-month or at the end of a profitable period, you will still be liable for any accrued 10% profit share for the period the robot was active and profitable. Ensure you clarify this with their support team and settle any due amounts.
Withdraw Funds: Once the robot is deactivated and any profit shares settled, proceed to withdraw your capital from the partnered broker platform. Always ensure you have full control over your funds and can initiate withdrawals directly.

For “Lifetime License” Purchasers $179

If you purchased the lifetime license, there isn’t a “subscription” to cancel in the traditional sense, as it’s a one-time purchase.

Deactivate EA: Simply disable or remove the HEXA EA from your MT4/MT5 platform on your live and demo accounts.
No Refund Policy: It’s highly unlikely that a refund would be available for a one-time software purchase, especially if you’ve already used it. Review their terms and conditions of sale carefully at the time of purchase to understand their refund policy or lack thereof.
No Further Obligations: Once purchased, there are no ongoing fees or profit-sharing obligations from your side. You simply choose whether or not to use the software.

General Steps for Discontinuation

Regardless of the model, these steps are generally advisable:

Backup Data: Before making any changes, ensure you have backed up any relevant trading data or statements if you wish to keep a record.
Communicate Clearly: Send a clear, written email communication to Hexafxrobot.com’s support team stating your intention to discontinue using the service or robot. This creates a paper trail.
Confirm Deactivation: Follow up to confirm that the robot has been fully deactivated from their end, especially if it was on their VPS.
Monitor Account: Keep a close eye on your trading account for a period after deactivation to ensure no unauthorized trades occur and that all profit-sharing calculations are finalized.

Given the nature of such services, always be proactive and communicate clearly to avoid any misunderstandings or lingering obligations. Aptimized.com Reviews

It’s always best to have full control over your investments and to step away from any platform that introduces unnecessary complexities or ethical compromises.

Hexafxrobot.com Alternatives

When considering alternatives to Hexafxrobot.com, the focus shifts from speculative, automated Forex trading with questionable ethical grounds to legitimate, transparent, and permissible avenues for financial growth.

Instead of seeking quick, guaranteed profits from a “black box” system, the alternatives emphasize real economic activity, ethical investment, and skill development.

1. Halal Investment Platforms and Funds

These platforms provide curated investment opportunities that adhere to ethical principles.

Amanah Ventures / Wahed Invest: These are examples of online platforms that offer halal-compliant investment portfolios, typically diversified across various asset classes like ethically screened stocks, Sukuk Islamic bonds, and gold. They prioritize transparency, professional management, and adherence to ethical guidelines, avoiding interest, gambling, and investments in forbidden industries.
Halal Equity Funds: Many traditional financial institutions and specialized Islamic finance firms offer mutual funds or ETFs that specifically invest in companies screened for compliance. This allows for diversified exposure to the stock market without compromising principles.
Real Estate Investment Platforms: Platforms like AcreTrader or RealtyMogul though check for specific permissibility allow individuals to invest in fractional shares of real estate, providing exposure to tangible assets and rental income streams.

2. Direct Investment in Permissible Businesses

This involves becoming an owner or partner in a venture that generates value through legitimate means. Instruvera.com Reviews

Starting Your Own Business: The most direct alternative is to develop a skill or idea and launch your own enterprise. This could be an e-commerce store, a service-based consultancy, a local business, or a tech startup. Earnings are a direct result of effort, value creation, and market demand.
Angel Investing / Venture Capital Halal Specific: For those with significant capital, investing directly into promising startups or small businesses that operate ethically can yield substantial returns, sharing in both the risks and rewards of a real business.
Crowdfunding Equity-Based, Halal Compliant: Platforms like Seedrs or specific ethical crowdfunding sites allow individuals to invest small amounts into a range of startups, becoming equity holders. Ensure the underlying businesses are permissible.

3. Skill Development and Freelancing

Investing in human capital is often the most impactful and permissible way to increase income.

High-Demand Skills: Acquire skills like programming, data analysis, digital marketing, graphic design, content creation, project management, or advanced trades.
Freelancing Platforms: Offer your services on platforms like Upwork, Fiverr, or LinkedIn. This provides direct income for work performed, allowing you to set your own terms and work on projects that align with your values.
Education and Certifications: Invest in formal education, certifications, or vocational training that enhances your employability and earning potential in permissible fields.

4. Ethical Banking and Savings

Focus on financial institutions and products that explicitly avoid interest and provide transparent mechanisms for growth.

Islamic Banks/Financial Institutions: These banks offer accounts and financing solutions structured to avoid Riba, using principles like Mudarabah profit-sharing or Murabaha cost-plus sale for various services.
Qard Hasan Benevolent Loan: A practice where funds are lent without interest, purely for assistance, with repayment of the principal. While not an investment strategy, it highlights permissible financial interactions.

These alternatives not only offer pathways to financial growth but do so with transparency, real economic activity, and adherence to ethical principles, providing a sustainable and permissible foundation for wealth building.

Hexafxrobot.com vs. Other Automated Trading Systems

When comparing Hexafxrobot.com to other automated trading systems often referred to as Expert Advisors or EAs, a consistent theme emerges: the inherent risks, lack of transparency, and often questionable nature of guaranteed profit claims.

While the specific features might vary, the underlying concerns remain. Pighen.com Reviews

Common Pitfalls of Automated Trading Systems

Most automated trading systems, including Hexafxrobot.com’s HEXA EA, share several common characteristics that make them problematic.

“Set and Forget” Fallacy: Many EAs are marketed as “set and forget” solutions. This implies minimal user intervention, which can lead to significant losses if market conditions change unexpectedly or if the algorithm has flaws. Real trading, even with automation, requires monitoring and understanding.
Backtesting vs. Live Performance: Developers often present impressive backtesting results simulating past market data. However, past performance is no guarantee of future results. Live market conditions, slippage, latency, and broker execution can significantly differ from backtested scenarios.
Lack of Adaptability: Automated systems are programmed based on specific market conditions and strategies. They may struggle to adapt to unforeseen market shifts, high-impact news events, or extreme volatility without manual intervention or sophisticated adaptive algorithms, which are rarely available or transparent.
Over-optimization/Curve Fitting: Many EAs are “curve-fitted” to perform exceptionally well on historical data, meaning their parameters are finely tuned to past market conditions. This often results in poor performance when deployed in live, unpredictable markets.
High Costs/Hidden Fees: While Hexafxrobot.com offers a “free” model with profit-sharing, other EAs can have high upfront purchase costs, monthly subscriptions, or require specific high-commission brokers.
Scam Potential: The EA market is rife with scams. Promises of exorbitant, consistent returns with little to no risk are classic indicators of fraudulent schemes. Many EAs are sold with fabricated performance data.

Hexafxrobot.com’s Distinctive Aspects Compared to Others

Hexafxrobot.com introduces a few specific elements in its model:

Profit-Sharing “Free” Model: This is a distinct differentiator. While many EAs are sold outright or via subscription, Hexafxrobot.com uses a profit-sharing model to entice users, coupled with an affiliate income from a partnered broker. This might appear less risky upfront for the user but ties them into a specific broker relationship and a recurring fee if profitable.
Emphasis on “AI-based Algo Trading”: While many EAs use algorithms, the strong emphasis on “AI” by Hexafxrobot.com aims to leverage the perception of advanced technology. The actual sophistication of the AI, beyond basic algorithmic logic, remains unclear and unaudited.
“Free VPS Hosting”: Offering free VPS hosting is a convenience for users, as EAs need to run 24/5. However, it also gives Hexafxrobot.com greater control over the environment where their EA operates, potentially obscuring transparency.

Why Avoid These Systems and Seek Alternatives

The core issue with most automated trading systems, including Hexafxrobot.com, is that they often:

Promote unrealistic expectations: No system can guarantee “highest returns every single time.”
Lack transparency: Users rarely understand the true risks, the underlying algorithms, or the potential for impermissible elements like interest or excessive speculation.
Shift risk to the user: The user’s capital is always at risk, while the EA provider either gets an upfront fee, a share of the profits, or affiliate commissions, minimizing their direct exposure to losses.

Instead of chasing these often-illusory promises, it’s far better to focus on the permissible and sustainable alternatives discussed previously, which emphasize real economic value creation, transparency, and ethical investment principles.

FAQs

What is Hexafxrobot.com?

Hexafxrobot.com is a website offering an AI-based algorithmic trading robot, called HEXA EA, designed for automated Forex trading, claiming to generate high returns with minimal human intervention. Digiasylum.com Reviews

Is Hexafxrobot.com legitimate?

While the website presents itself as a legitimate service, the claims of “highest returns every single time irrespective of market conditions” and the opaque nature of automated Forex trading raise significant red flags commonly associated with high-risk or questionable financial schemes.

How does Hexafxrobot.com’s “free” model work?

Hexafxrobot.com offers its HEXA EA for “free” on a profit-sharing basis, meaning users don’t pay upfront but share 10% of their monthly profits with the platform.

This offer typically requires using their partnered broker.

Does Hexafxrobot.com charge any fees?

Yes, while the robot is initially “free” under the profit-sharing model 10% of profits, users can also purchase a lifetime license for $179 to use it on their own broker.

Hexafxrobot.com also earns affiliate income from their partnered broker. Bambookings.co.uk Reviews

What are the ethical concerns with Hexafxrobot.com?

The ethical concerns primarily revolve around the potential for Riba interest due to leveraged Forex trading, Gharar excessive uncertainty or deception due to opaque algorithms and unrealistic profit guarantees, and Qimar gambling due to the speculative, hands-off nature of the automated system and reliance on chance.

Can I really make “huge profits” with Hexafxrobot.com as they claim?

Claims of “huge profits” and “highest returns every single time” are highly unrealistic in the volatile Forex market.

No trading system can guarantee consistent profits irrespective of market conditions, and such guarantees are often a red flag for speculative or high-risk ventures.

Do I need a lot of capital to start with Hexafxrobot.com?

Hexafxrobot.com claims you can start with a “low minimum capital” to test the robot.

However, any amount of capital invested in speculative, automated trading carries significant risk of loss. Refreshskincare.co.uk Reviews

Is Forex trading permissible?

Forex trading can be permissible under very strict conditions that avoid Riba interest, Gharar excessive uncertainty, Qimar gambling, and ensure immediate exchange and possession of currencies.

Automated systems like HEXA EA often fail to meet these strict conditions due to leverage, rollovers, and opaque mechanics.

What is the “partnered broker” mentioned by Hexafxrobot.com?

Hexafxrobot.com requires users of its “free” profit-sharing model to trade through a specific “partnered broker.” This means you cannot choose your own broker under this offer.

Why does Hexafxrobot.com require a partnered broker for the free EA?

Hexafxrobot.com explicitly states they earn “affiliate income” from their partnered broker.

This suggests a financial incentive for them to direct users to that specific broker, potentially influencing their advice or robot’s settings. Dumpsgate.com Reviews

What is “free VPS hosting” offered by Hexafxrobot.com?

Hexafxrobot.com offers to install the HEXA EA on their Virtual Private Server VPS for free.

A VPS allows the robot to run 24/5 without needing your personal computer to stay on, which is necessary for most EAs.

How do I stop using Hexafxrobot.com’s HEXA EA?

To stop using the HEXA EA, you would typically need to contact Hexafxrobot.com’s customer support, inform them of your decision, and request instructions for deactivating the robot from your account, especially if it’s on their VPS.

You would also need to settle any accrued profit shares.

Can I get a refund if I purchase the lifetime license for $179?

Hexafxrobot.com’s website does not explicitly state a refund policy for the $179 lifetime license. Im-puzzled.com Reviews

Generally, one-time software purchases are non-refundable once used.

It is advisable to review their specific terms of sale if considering a purchase.

What are the better, permissible alternatives to Hexafxrobot.com?

Better, permissible alternatives include investing in halal-compliant stocks, Sukuk Islamic bonds, real estate, ethical mutual funds, starting a legitimate business, or investing in skill development and entrepreneurship.

These options focus on real economic activity and transparency.

What is Riba in the context of Forex trading?

Riba refers to interest. Freshmeatpacks.co.uk Reviews

In Forex, it often arises from “swap fees” or “rollover charges” on leveraged overnight positions, which are essentially interest payments.

Borrowing money from a broker for leverage that incurs interest is also Riba.

What is Gharar in the context of automated trading?

Gharar refers to excessive uncertainty or deception.

In automated trading, it can stem from opaque algorithms, unrealistic guarantees of profit, and a lack of user control or understanding over the actual trades, making the outcome highly uncertain or deceptive.

What is Qimar in the context of automated trading?

Qimar refers to gambling.

Automated trading, especially when promoted with “install and forget” promises and relying purely on speculative price movements with no real exchange of assets, can resemble gambling where outcomes are based on chance rather than productive activity.

Does Hexafxrobot.com offer customer support?

Yes, Hexafxrobot.com claims to offer “Full Customer Support” including responsive live chat support, remote desktop support, and guidance on optimum settings.

Can I monitor the HEXA EA’s performance from my mobile phone?

Hexafxrobot.com states that once the EA is installed on their free VPS, you can see it make profits from your mobile phone, without needing a computer.

Is Hexafxrobot.com regulated?

The website does not provide any information regarding regulatory oversight for its “robot” or its operations.

In general, automated trading robot providers are not regulated like financial institutions, which adds another layer of risk and lack of accountability.

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