Prax AI Review: Exactly What Is In the Licence, and What Is Not

We publish this blog and we sell this software, so treat what follows as a disclosed interest and check the checkable parts. If you want the company rather than the product, that is what PraxAI is.

The reason to write it anyway is that the most common complaint in this market is not that a product underperformed. It is that a buyer discovered after paying that something they assumed was included was not. An inventory prevents that, and it costs us nothing except the sales that were going to end in a refund request anyway.

The checklist we tell readers to run against any vendor, including us, is in how to read a trading robot demo video.

One payment, no monthly fee, and it covers the platforms these evaluations actually run on.

One payment, no monthly fee on the licence itself, and it covers the platforms these evaluations actually run on. For forex, expert advisors for MetaTrader 5, which is where most prop firm evaluations happen. For cTrader, a cBot. For futures traders, a build for NinjaTrader 8. The same licence covers all of them rather than selling each platform separately. Optional add-ons exist and are priced separately from the licence.

Alongside the software, the dashboard at app.praxai.io gives you the setfile built for the firm you select: the configuration file carrying risk per position, the daily loss figure at which the robot stops, and behaviour around scheduled news. Those values are our reading of that firm's published limits at the time the file was built, not something issued by the firm.

You can watch the whole thing being operated in a two minute screen recording at www.youtube.com/watch?v=8aJOsgguG08, written up in the dashboard walkthrough.

Five things, listed because they are the five people assume.

The server is not included. The software has to keep running when your computer is closed, so it lives on a VPS that you arrange. We publish a guide for that step and we do not sell the machine.

The prop firm account is not included, and neither is the evaluation fee. That relationship is between you and the firm.

Permission is not included. Whether automated execution is allowed on your account type is written in your firm's own terms, it differs between firms and between account types inside the same firm, and it changes on their schedule.

A strategy you can ignore is not included. If your losses come from the analysis rather than from inconsistent execution, software will apply that analysis more faithfully and the result gets worse, not better.

And a guaranteed outcome is not included, by anyone in this category. Automation changes execution consistency over weeks. It does not predict price or remove drawdown.

The window is seven calendar days counting from the purchase date. It is conditional rather than no questions asked, and the conditions are the part worth reading before you buy rather than after.

A refund requires that the software was genuinely run: active for at least four full trading days in the period, on the official conservative or balanced presets rather than the aggressive one or a modified file, with a verifiable trading history from the account it ran on, and with the results over that period not profitable. A request arriving after the window, or without enough evidence that the software was actually used as recommended, may be declined.

Stating that plainly costs us some sales, and it is better than the alternative, which is a buyer discovering the conditions at the worst possible moment. Every condition is published on the refund policy page and the version in effect is the one published on your purchase date.

Worth saying, because a refund is a worse outcome for both of us than a sale that never happened.

Check your firm's written terms first: if automated execution is not permitted on your account type, nothing below matters and you have spent nothing finding out. Beyond that, two things make this the wrong purchase. You need a server that stays on, because the software cannot run on a laptop you close at night. And you need a plan whose problem is discipline rather than analysis, because software applies a flawed plan more faithfully, not less.

And it is wrong if you have not decided whether your problem is analysis or discipline. That diagnosis is the whole test, and it is worked through in why most traders fail prop firm challenges, with a four minute spoken version at www.youtube.com/watch?v=_mNxmcsh-oQ.

If you want the company itself rather than the product, that is what PraxAI is. Questions before buying go to Telegram at t.me/PraxAIOfficial, which is where support runs.