Fly Higher Nova is a Forex robot, designed for automated trading of any currency pair you want. The company claims it is one of the best Forex platforms that can ‘increase your wealth in such a short period’.
The devs that stand for this trading tool claim that over 5000 traders use their expert advisor. According to the developers, when trading the EA we have to expect over 20% of weekly returns. Frankly speaking, we do not take these claims seriously. Most devs have similar presentations designed to attract potential customers to make them invest in their products. Taking into account different factors that influence the FX market, promising stable returns is at least unwise and irresponsible.
Nevertheless, today we will be providing our readers with a detailed Fly Higher Nova review. Here we will be analyzing the veracity of the aggressive vendor’s claims and letting the community know whether it is a good robot to invest in.
Vendor Transparency
The EA is owned by the Fly Higher Nova (Pvt) Ltd with a registration number PV00223299
No. 14/5, 15th Lane, Ekala Road, Ja Ela, Sri Lanka. Frankly saying, it is not the area of the world known for their mql language coders, but it is not a real concern. The main developer of this EA is Shehan. We know nothing about him anymore. He failed to provide his second name or tell us about his trading history in the FX market. We do not have his social media contacts, so we are unable to check his reputation in the FX market.
To get in touch with support traders have to call +94 (77) 771 1738 or email [email protected].
How Fly Higher Nova Works
To start with, let’s analyze their product presentation. Their one-page presentation consists of several sections: about us page, buy now page, testimonial, and a contact us page. It does not contain all the necessary information traders need to make an informed and reasonable investment decision. They tell us that over 5000 traders, who generate over 20% of weekly income, already use their software.
After the detailed presentation analysis, we have learned that:
- It is a fully automated EA that does not require manual intervention for placing orders
- It runs on the terminal, but we do not know which one: MT4 or MT5
- We can trade any currency pair we want
- The robot uses an advanced calculation to determine SL and TP levels
- Stop Loss and Take Profit levels are updated as soon as an order is placed
- This system suits both experienced traders as well as newbies
- To start trading with Fly Higher Nova we have to complete registration on their website
- After registration, we need to choose a subscription type
- Then we’ll get an email from Fly Higher Nova containing the payment link and other necessary information
- We have to ask for the payment link
- After payment, traders get a video tutorial and a user guide to set up the software
- We are free to trade with a fixed lot size or set it be to be calculated automatically based on their capital
- We can rely on a full-time customer support
- Traders can also rely on installation support in needed
- The software is easy to install
Timeframe, Currency Pairs, Deposit
There is no information about the timeframe, recommended deposit, or leverage on the dev’s website. The one thing we know is that we can trade different currency pairs. The lack of this sort of important information is a huge con.
Trading Approach
The vendor failed to provide any further information about the trading strategy, which is quite disappointing. They only told us that the robot trades with the trend. Most of FX ATS trade with the trend. So it is a vague way to describe the strategy. We do not know what timeframe we have to trade on. Without this information, we do not know how much margin traders should have for each open deal to keep it alive on the FX market if a drawdown occurs.
Pricing and Refund
There are 2 packages offered. If you want to opt for a 1-year subscription plan, then be ready to pay $320. A lifetime license costs $500. Both packages come with free updates, customer support, video, and manual tutorial on how to set up the system. In comparison with prices from other providers, these 2 plans are quite expensive.
The devs offer a 24 hours refund policy:
It looks like a scam. Such a short period for a refund offer is inconvenient.
Trading Results
The company does not provide any trading results on its website. When the devs share live trading results of their systems, it shows that they offer legit trading systems able to generate stable income. It allows you to analyze its trading results and decide whether it is a good trading tool to rely on. There are no backtesting reports for this system. No proof could assure us that the system can generate a promised 20% of weekly income. Without backtesting reports and live trading results, the system is nothing to talk about.
People say that Fly Higher Nova is…
A good EA. However, screenshots of customer reviews we see on the dev’s websites are fake. The devs purposely wrote them to attract customers. Nobody will invest in the trading system that shares neither backtesting nor live trading results, but demands paying an extremely high price for their product coming with a 1-day money-back guarantee.
Fly Higher Nova Review Conclusion
Fly Higher Nova is a total scam. Our verdict and assessment are based on:
-No backtesting results provided
-No live trading results shared
-Undisclosed trading approach
-Extremely high pricing
-Fake customer reviews
-24 hours money-back guarantee
Without any results and customer reviews, we cannot recommend any trading system to the public. We have to protect our community from scammers like Fly Higher Nova.
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