• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Binary Scam Alerts

  • Home
    • About US
      • Binary Scam Alerts in the News
  • Best Signals and Automated Trading
    • Recommended Signals and Automated Trading Services
  • Report a Scam
    • Report a Scam, Get Back at Those Cheaters Today!
  • Disclaimer, Risk, and Privacy Agreement

Forex Scam Reviews

Digitroniq Review, Scam Digitroniq Forex Robot Exposed!

July 20, 2018 by Dan Wright Leave a Comment

Welcome to our Digitroniq review and SCAM Investigation
Were you baited by the Digitroniq SCAM software (not to be confused with Digitronic) and had your money stolen? If so you are not the only one so don’t feel so bad about it. The fraudulent Digitroniq Forex App and trading robot by Treyton Boyer is going viral these days due to a massive campaign recently launched by a rogue affiliate network. Digitroniq is not just a usual scam, it is a very special project which is the brainchild of an unethical online marketer who has invested heavily in this new get-rich-quick scheme. When we signed up we tried to access the software, but the broker (eMarketsTrade) told us we need to fund a trading account before we can even SEE it. That is just outrageous and immediately set off some serious alarm bells and red flags. But that’s just the start of it, after we insisted on seeing the actual trading software and were refused, we were met with a barrage of telephone calls insisting that there is an alternative “in-house” signals app which does a better job. When we inquired about the nature of this software, we were referred to the Bitcoin Trader system which we all know by now to be the most thieving and fraudulent Bitcoin trading software online today. The Digitroniq Forex software was designed from the start to trick and bait unsuspecting and inexperienced traders who are just starting out their journey in the online trading niche. It is exactly for this reason why we view this system with particular disdain, as it clearly takes advantage of the customers lack of knowledge. So instead of offering  customers a legitimate signals software, these crooks are tricking you into signing up for a confirmed investment SCAM. Don’t believe us? Keep reading to see exactly how we exposed the crooks behind the Digitroniq scam and what type of evidence we were able to produce.

Official Website, Login Page, and Members Area: digitroniq.com

Proof of SCAM
Here we can see the Digitroniq primary sales page and registration area. In it you can clearly see how the actress is saying that all she has to do is “sit in front of the computer and watch your profits grow more and more with each passing day”.

We know that her testimonial is fake because we found her profile on Fiverr, and she is very active and well known for her gig (see below).

Moving forward, here we see the sales presentation and how it boasts a 97.7% accuracy level on the signals. That means that it is almost risk-free, and we all know that this is a lie because if it was true we would have a lot of new millionaires using this system and this is not the case.

And the last piece of evidence has to do with the fact that we were denied the option of even seeing the actual software and trading panel. Below you can see support agent “Chris Parker” clearly saying that we can only access the Digitroniq app AFTER we fund a real money trading account, and that is not acceptable.

 

Who Is Treyton Boyer and Is He a Real Person?
According to the sales pitch, Boyer is an MIT graduate who majored in Computational Science and Engineering. He then proceeded to pursue a career in Forex Trading and used his knowledge to develop an algorithm which is based on Deep Reinforcement Learning or DRL.

How Does Digitroniq Work?
This is a Forex trading system which uses Deep Reinforcement Learning in order to “interact with the surrounding environment” while attempting to solve complex business problems. The logic can be used for any mathematical purpose, but here it is used for Forex trading. The app analyzes news, various issues, and predictions about price movements and based on that executes trades automatically. The app also supports manual signals mode.

Digitroniq Review – $7,500 a Day Or Scam?
If we judge according to the presentation, the Digitroniq Forex and cryptocurrency trading app “accurately assess price movements that are connected to disruptive technologies and their affect on the Forex Market”. As we mentioned previously, the app claims it has a 97.7% accuracy level, but that is just a senseless lie and even the most amateur trader understands this. The hype and exaggerated claims talk about a “financially secure future” and a change to finally live life the way its meant to be lived. There is also some talk about Alpha Testing, and after that some nonsense about how to make the software accessible to everyone. Its also interesting to point out that these crooks (whoever they are) clearly state that they integrate with regulated brokers, however when we signed up we got stuck with a broker which is named eMarkets Trade, and they are not regulated. Again, we believe that not EVERY unlicensed broker runs a scam operation, but the promoters pulling the strings behind the scenes are actually lying about this fact and that tends to arouse our suspicions.

Is Digitroniq SCAM or Not?
Digitroniq is a verified Forex scam and a BLACKLISTED software and IF you believe otherwise after reading our review then you need to stay away from any form of online trading.

Is it Free?
Digitroniq SCAM is not free, and it will cost you at least $250 to get started using this filthy piece of trading software.

The Grim Reality
In reality Digitroniq has nothing to do with Deep Reinforcement Learning or algorithmic trading. The features consisting of 6 Technical indicators, 3 money-management systems, and a reverse trading option are fake just like the testimonials. There is no serious back-testing, and Treyton Boyer is not a real person. We checked him out at the MIT People Directory and guess what, he does not exist. Feel free to check for yourself. In short, you are about to get your wallet fleeced so stay away and don’t say we didn’t warn you.

Other Viral Scams Trending
The ones to watch out for are Bitcoin Code and Bitcoin Trader

Digitroniq Fake Reviews
The most troubling aspect regarding Digitroniq fake reviews has to do with certain review sites that would tell you Digitroniq is a SCAM, and advise you to use Maximus Cryptobot which uses THE SAME fiverr actor as the Digitroniq scam software uses to promote fraudulent software. We advise you to proceed with extreme caution before joining Maximus Cryptobot as it has been blacklisted by multiple review sites and with good reason.

A Few Reliable Alternatives
Our staff constantly evaluates new systems and at time it seems like there is nothing legit out there. However, sometimes a truly genuine app hits the market and that is when we start testing it. Once it passes our screening process and generates profits consistently we add it to our recommended section.

Digitroniq Review Summary and Conclusions
The Digitroniq scam software by Treyton Boyer is BLACKLISTED and we will explain why. First, the level of transparency is ZERO as you don’t get to see the software you will be using. Secondly, they are lying about the brokers, and finally they use fake testimonials and making outrageous claims about 97.7% ITM ratio. All of these facts come together and lead us to the obvious conclusion that Digitroniq is a fraudulent software. Its also important to mention that these types of shady characters are closely associated with other criminal activities such as credit card fraud and money laundering operations. There’s really not much to add at this point, so we are advising you to keep your distance and avoid the Digitroniq SCAM software. Don’t forget to join our Facebook Group , Google +, Pinterest, and YouTube Channel

Full Disclosure

Filed Under: Forex Scam Reviews Tagged With: Treyton Boyer

Timothy Sykes Trading Academy Review, Fraudulent Forex SCAM Exposed!

July 3, 2018 by Patrick Jones Leave a Comment

Welcome to our Timothy Sykes Trading Academy Review and SCAM Investigation. Today, we have a really unique review to share with our members and subscribers. It has recently come to our attention that an extremely unethical affiliate network has decided to latch on to the reputation of Mr. Timothy Sykes, a recognized Stock Trading guru and self-made millionaire in order to promote filthy scams. This is why when we saw the Timothy Sykes Trading Academy SCAM we immediately know Timothy had nothing to do with it, and we actually messaged him about this and asked him this question: “We are doing an expose about scammers using your name to promote fake Forex brokers and get commissions when you lose your money. We will issue an official review about this, do you have any comment on this?” He immediately replied and said “I hate all impostors and scammers galore, I hope you get them and let me know as I will punish them to the fullest extent of the law as they deserve life-altering prison sentences, Tim”. Needless to say we see eye-to-eye on this matter and will work with Mr. Sykes to flush out these scam artists, expose their dirty little operation, and BLACKLIST their thieving app.

It’s worth pointing out that we are familiar with the software which powers this fake signals app. In fact, this software is a turnkey solution for affiliate marketers who want to promote dirty schemes and don’t really mind what happens with customers after they refer them. We will provide proof and evidence of this as we progress with our detailed Timothy Sykes Trading Academy Review, and show you exactly how this worthless system works and who are the real people orchestrating this elaborate scam.

Official Website, Login Page, and Members Area: This Site is Spoofed and Keeps Changing

Proof of Scam and Insidious Foul Play
Here is the sales page and registration area for the Timothy Sykes Trading Academy scam software. You can clearly see that it says “Education is Making People Rich”. This is a half-truth and a perfect example of misleading or deceptive advertising.

Now here is the interesting part. A few days ago we exposed a scam dubiously named the BTC News Trader. At the time, our account was linked to a Forex broker named UFX, which is a non regulated Forex and CFD Broker. This time, our account was integrated with a broker named Royal CFDs, which is a is a non regulated Forex and Cryptocurrency broker. Their website says that they are owned and managed by Digital Worldwide OU, which has a registered address in Tallinn City, Estonia.

As the image above illustrates, Royal CFD’s is a broker which integrates with this software and in reality the entity which takes your money (steals it is a more precise term). The money is then split between the promoters and the brokers in what is commonly referred to as a revenue or profit share scheme, and that is how the scam works.

And of course, you can’t have a proper scam without some fake testimonials. Here we have a case where “John F.” talks about standing up for yourself taking a risk in order to succeed. In reality John’s real name is Monty Don, and Monty hosts gardening shows on Television. We can guarantee with an accuracy level of 100% that Monty is clueless about online trading and is completely oblivious to the fact that his face is being used to promote Forex scams.

Timothy Sykes Trading Academy Review – Turn £250 into £1,000 in 24 Hours?
The Timothy Sykes Trading Academy SCAM is basically a shell and non-existent software which is designed to do one thing only. Its sole purpose is to get you signed up and depositing with a broker so that the promoters can get paid referral fees. We have the classic 3 steps about completing registration, funding the account, and starting to make profits. In reality there is NO trading academy, and members don’t sit around at home and generate passive income by using their laptop. It’s true that Timothy Sykes was featured on Forbes, as well as other leading financial news sites. But this fact is only used to hide and conceal the truth, which should be very clear at this point to anyone reading our review.

Who Is Timothy Sykes?
Timothy is a recognized Stock Trading Guru and full time day trader. He has been interviewed by leading journalists from the creme of the crop of the financial news industry. Were talking about Forbes, Huffington Post, CNBC, and Fox News. Unlike all the other scams we exposed, Tim is not only a real person, he is actually a successful Forex trader.

We added his image above so you can actually see his interview on Fox Business news.

Is the Timothy Sykes Trading Academy Free?
No, it is not. It will cost you at least $250 to join this crappy program, and that money will be charged to your credit card by thieving brokers (in our case it is Royal CFDs).

Is Timothy Sykes Trading Academy SCAM or Legit?
It is 100% pure scam and we have proven this to be a fact. Even Tim has said it himself and if you want to see his email we can forward it to you.

Other Viral Scams Trending
The ones we are warning you about are Binary Robot 365 and Bitcoin Code.

Viable Alternatives
If you are searching for a real alternative and a legitimate trading software, then we invite you to check out our recommended section. We have a short list of Forex EA’s, Crypto Robots, and signals systems which have been tested and proven to generate profits consistently.

Timothy Sykes Trading Academy Review Summary and Conclusions
We have blacklisted the Timothy Sykes Trading Academy SCAM software and trading signals. There is no trading robot, and nothing in the form of trading automation in this system. It is a clone and an empty shell in the guise of a legitimate educational platform which was designed to bait and manipulate you into registering with unlicensed offshore brokers. If you have received any form of SPAM email communication advising you to signup and make money using the Timothy Sykes Trading Academy program, then we highly recommend you avoid clicking on any links and mark the message as SPAM (we have already received complaints about this). In light of all the incriminating proof and evidence our staff was able to compile, we are classifying the Timothy Sykes Trading Academy as a confirmed financial SCAM and advising our members and viewers to seek alternative and more legitimate investment channels. Don’t forget to join our our Facebook Group , Google +, Pinterest, and YouTube Channel

Full Disclosure

 

Filed Under: Forex Scam Reviews

SrS Trend Rider 2.0 Review, SCAM Or Legit Forex Robot?

May 6, 2018 by Patrick Jones 26 Comments

Here’s our SrS Trend Rider 2.0 impartial scam review and investigation! This software is a semi-automated Forex trading robot which was designed by Vladimir Ribakov, one of the leading online Forex traders and mentors in the industry. Our members and subscribers are constantly looking for various ways to invest safely and achieve a reasonable return on investment by using a legit and recommended software, and SrS Trend Rider 2.0 is one of the most consistent money-making systems. It has been around since 2010 (with good reason I may add), and has an unparalleled track record for success. Additionally, it was important for us to find a system which is simple enough to use even if you are a novice and know nothing about Forex or online trading. This software is the perfect tool for beginners looking for an easy point and click solution in Forex. We didn’t notice any unethical affiliate marketers promoting this app, and we could not find any valid complaints or grievances. There are however a few basic steps you will need to follow in order to get started using Ribakov’s scam-free trading app. Keep reading to see why we think SrS Trend Rider 2.0 will help you become a successful online trader and profit trading Forex online and why we believe Vladimir’s Forex sRs Trend Rider Version 2.0 is an exceptional solution for all traders both experienced or new!

Official Website, Login Page, and Members Area:
srstrendrider.co

Who is Vladimir Ribakov?
Ribakov is one of the world’s leading Forex traders and mentors. He has developed his own systems primarily based on divergence and convergence principles to identify optimal entry and exit points. He has coached hundreds of traders and is recognized to be an authority figure in Forex trading. We have asked our contacts in the industry about this guy. He checks out and his credentials are impeccable.

Software Review – What is SrS Trend Rider 2.0?
Let’s start by explaining why we have chosen to review the SrS Trend Rider 2.0 software, which is a robotic Forex system and has nothing to do with binary options. The reason for this has to do with the fact that this is a semi-automated software which has made consistent profits for traders across the world. It’s relatively easy to use and does not require much time or experience to get started.

Originally the system was designed for traders who have the time and ability to learn strategies and follow charting rules 30 minutes a day. The new SrS Trend Rider 2.0 has taken a leap forward and implemented trading automation into the signals. This means all you have to do is perform 3 steps in order to get started. Select the type of trading you wish (aggressive or conservative), how much money you wish to risk, and choose the threshold for the take profit (TP1) and stop/loss (TP2). Recommended settings are 0.1% on the Risk and then 80 and 20 percent on TP1 and TP2 consecutively (just as is seen in the image below).

SrS Trend Rider 2.0 has literally done almost all of the work for you, all that’s left is for you to activate the dashboard and push the auto-trade button to start profiting. Ribakov is also a great mentor and provides exceptional customer service.

How Does the Software Work?
Once you fund your trading account and select an aggressive or conservative setup on your trading dashboard, you can click the auto-trade button and the signals (also known as pips in Forex) will start to arrive automatically. All you have to do is click the OK button and approve the trade (or skip to the next).

What is MT4?
Metatrader 4 is a very popular Forex trading platform which is downloaded for free. You are NOT required to have this software installed in order to trade, it is optional.

What Happens Behind The Scenes
The software protects your profits by using automated money management techniques. The algorithms evaluate the currency pairs based on momentum and various market trends and allow you to either intervene and trade manually, or simply profit using the auto-trade function.

Distinguishing Features

sRs Trend Rider Dashboard: The Dashboard displays the signals according to pre-defined criteria. These rules are based on the sRs Trend Rider indicator algorithms, the cornerstone of the entire system. The Forex indicator is designed according to a complex algorithm which was developed and refined by Ribakov over many years of Forex trading. It’s considered by many to be one of the most accurate in the market and the results have been exceptional as it avoids unfavorable market conditions and averts potential loss.

sRs Force Index Indicator: The Force Index Indicator integrates into your MetaTrader 4 software and searches for optimal time-frames to ensure the best possible entry and exit points. It is an additional safety layer designed to reduce risk and identify the most significant trends and best possible trades.

sRs Control Panel: The control panel takes the guess work out of trading. It utilizes a 2-phased risk management strategy. The robot will perform a stop loss and pull you out of a losing trade when it perceives high risk levels. Then it will effectively extract your profits on a trade with a high ROI potential. The risk is minimal and profit potential is huge.

sRs Scanner: The new sRs Scanner searches for setups across multiple pairs that you choose. This feature aggregates data from various charts and alerts you about the time frames you select. A time frame is basically when to enter a trade.

sRs Trend Rider Alert: This feature alerts you when to take the trade. All you need to do is click the OK button to accept it, or do nothing and it will disappear.

Mobile Alerts: The software is Android & iOS friendly so you can trade on your iPhone, smartphone, tablet, or any mobile device.

Extras (Not that you need it):
A. Step-by-step trading tutorials drafted by a Forex expert.
B. Detailed strategies which explain how to consistently execute winning trades.
C. The “Eagle’s Eye”: Learn how to spot Bullish and Bearish movements.
D. Identify the best trading times.
E. A cheat sheet with detailed explanations on how to exploit market movements.

How To Get Started?
1. Signup Here: srstrendrider.co
2. Fund your trading account.
3. Email us at [email protected]
4. We will send you our setup and instruct you on what trades to take, the settings, and what NOT to do.
5. We will connect you with experienced traders on Vladimir’s trading team.

Factoid: sRs Trend Rider 2.0 is a genuine and tested trading app which is owned and managed by Forex professionals, however all trading carries risk and nothing is guaranteed.

Endorsed By the Entire Forex Trading Community
SrS Trend Rider 2.0 is endorsed by all the leading sites such as FPA, as well as others. We tried, but even the complaints we saw were minor and viewed as petty arguments by site moderators.

Testimonials
All testimonials are real and nothing we found is forged, quite the contrary. Everyone we asked about this software only has good things to say so we have high hopes.

Proof of Wins
The video demo lets you see how the software works and it is plain to see the signals are accurate.

Hyped up Claims, Inflated Bank Accounts, and Actors
Well these are all NON-Existent and you will not find any of them here. Rest assured, this is the real thing so there’s no need to stress out.

Brokers:
When we signed up our broker was iTrader which is regulated and licensed in 3 different jurisdictions including CySec, MiFid, and FCA. There is no way this broker will risk losing a license on non-payment issues.

Don’t Be Alarmed By The Russian Accent
The guy is a guru with good reason, we care about results and nothing else matters to us. Just don’t forget all the scammers with a great accent that stole your money, here’s the real guy and that’s how he speaks so give him a chance. In fact he is so successful that the recently launched Crypto Trend Rider SCAM attempted to copy his strategies.

If You Get Lost in the Process Contact Us Immediately
We know that this may be confusing, but all you need to do is signup and fund a trading account. The software will be given to you free of charge since the brokers are sponsoring his program because they want to be associated with him. We can be reached at binaryscamalerts(at)gmail.com if you need clarifications or assistance.

Other Trading Robots and Signals
If you are interested in other signals or trading robots, please check out our recommended section.

Review Conclusion and Summary
The SrS Trend Rider 2.0 Expert Adviser (EA) and semi-automated Forex trading software by Vladimir Ribakov is a SCAM-FREE app and safe to use. We are dealing with a real person who is very well known in the Forex industry and has a solid reputation. He has developed his own legit and genuine trading robots with much success, and it is our pleasure and privilege to fully endorse this legit and proven system. We are recommending it to our trading community as Ribakov has a huge following and considered to be one of the leading Forex traders in the industry. As always we reserve the right to revise our review depending on feedback. Don’t forget to join our  Facebook Page and YouTube channel to get informed.

Filed Under: Forex Scam Reviews Tagged With: Vladimir Ribakov

FX Master Bot Review, Legit Or Is Forex Master Bot Scam?

February 11, 2018 by Patrick Jones Leave a Comment

Welcome to our FX Master Bot review and SCAM investigation.
Right when we were about the Blacklist the FX Master Bot software, app, and automated trading system as a result of a complaint we received it suddenly appeared to us that we really need to check if the so called “FX Master Bot SCAM” is indeed a fraudulent robotic trading app or a worthy Forex and Cryptocurrency auto-trader. It seems every online promoter is peddling fake crypto robots these days in order to collect affiliate commissions, in many cases these fake FX and crypto bots take the shape of a get-rich-quick scheme selling you a secret to make millions online. In reality, the secret is that you are getting ripped off by crafty con artists looking to cash in on your financial distress and inability to generate enough money for yourself and your family. Still, every system deserves a fair chance, so in our detailed and factual FX Master Bot review, our staff will attempt to answer some critical questions such as what is the ITM or success ratio, what brokers are integrated with the app, is the FX Master Bot user friendly and compatible with smartphones and mobile devices, and of course are there any complaints.

Seemingly legit and genuine FX and crypto trading bots present themselves with an array of colorful testimonials and promises which are meant to be broken. However, once in a blue moon a truly genuine system is launched and that is when our staff takes the time to evaluate it. It’s worth noting that we rarely endorse new systems, but FX Master Bot is rare since it integrates with regulated brokers which is not something we see every day. Keep reading our detailed  FX Master Bot review and see if it can help you generate money as well.

Official Website, Login Page, and Members Area: FX Master Bot

What is FX Master Bot?
The FX Master Bot is an automated Forex and Cryptocurrency trading software which executes trades without any form of human intervention. The signals app also alternates from automatic to manual signals at the click of a mouse. It trades Forex currency pairs as well as crypto pairs such as BTCUSD and BTCEUR.

Unique and Differentiating Features
The trading dashboard and user interface (UI) are proprietary and don’t exist anywhere else. The signals are presented to you as the image below illustrates and it is plain to see how intuitive the trading environment is.

FX Master Bot

The charts indicate a BTC/EUR pattern, and these settings can be adjusted in a scroll or toggle feature. This can also be adjusted according to Ethereum, Litecoin, and other crypto currencies.

Additional Unique Features Include:
Demo Mode: This allows you to simulate trades and get a feel for the trading environment.
Adjustable Settings: These allow you to control the risk levels associated with your account.
Mobile Trading: FX Master Bot is totally responsive and mobile-friendly. Trade on your iPhone, Tablet, iPad, IOS or Android smartphones
Leader Board: Follow the leader and copy his trades or just trade on autopilot.
Reverse Trading: This is a kind of stop loss mechanism which spots a negative trend and executes a trade in the opposite direction.

FX Master Bot Review
The FX Master Bot platform and automated trading software is powered by advanced trading algorithms and integrated with regulated Forex and cryptocurrency brokers. If you are a novice who is just starting out or a professional looking for a tested trading tool, FX Master Bot provides a solid solution for investing in Forex as well as virtual currencies.

The FX Master Bot system has been operating since 2017 and is widely considered to be on of the most promising automated trading apps.

How Does FX Master Bot Work?
What goes on in the back end has to do with algorithmic trading which is not something that can be easily explained. However, on the user side its easily accessible and very simple to operate. You can easily transition from automated to manual trading at the click of a mouse, and in this way control the expiry times on your selected trades (aka contracts). So if you are a control freak or just want to trade on auto-pilot, FX Master bots does the job either way.

Is FX Master Bot SCAM or Not?
If you are asking your self well I Got Scammed Before, how is FX Master Bot Different? here is your answer. FX Master Bot does not answer to criteria of SCAM as it is a proprietary software which executes trades automatically and integrates with regulated brokers (see image below as proof). Does partnering with a regulated broker mean you are safe? Well, opinions differ on this matter but since most customers prefer regulated brokers then FX Master Bot will provide them with this solution. Its plain to see that Europe FX, 24Option, iTrader, OT Capital, Trade Financial are all ASIC or CySec licensed brokers.

Accuracy and Performance Levels
After testing the FX Master Bot we have seen consistent gains in the 85-86% ITM region. Again, this is after a period of 1 week, and we are watching the performance levels like a hawk so if they change we will revise our FX Master Bot review and blacklist this Forex Trading robot.

Pricing – Is It Free?
Well no one said it will be! Getting started with the FX Master Bot software will cost you at least $250 and that money will be charged to your credit card or E-Wallet.

Viral Scams to Avoid:
The most dangerous scams to avoid now are Bitcoin Code by Steve McKay and Crypto Robot 365.

I Already Have An Account With FX Master Bot and Want To Diversify
If you are already up and running with a funded FX Master Bot trading account and wish to diversify your trading portfolio or try out new and profitable systems then we invite you to check out our recommended section.

FX Master Bot Review and Conclusions
If you have read somewhere that the FX Master Bot SCAM steals money or that it is a malicious app, then you need to take a closer look at at your sources. There is a fraud affiliate network promoting the Bit Bubble Tech SCAM and they are trying to gain your attraction by BLACKLISTING the FX Master Bot software and automated trading system. A closer look will reveal that these dishonest review sites are promoting fake apps which integrate with unlicensed BINARY OPTIONS brokers. A word of caution, Binary Scam Alerts will NEVER endorse any binary options broker (regulated or not) and that is because there is an inherent conflict of interest in binary options. This means if you lose the broker wins, and with the exceptions of a few regulated exchanges this is always the case and that is why we endorse Forex brokers only. Let there be no room for misunderstanding, this is always the case with fake apps and you need to be aware of this fact before signing up for a fraudulent software with greedy scammers conspiring behind your back to steal your money. Getting closer to the truth now, the so-called “FX Master Bot SCAM” as it is referred to is not a scam at all. It is a genuine and legit trading app which produces consistent results and the facts speak for themselves. If you have additional questions or have comments in regards to our detailed FX Master Bot Review, make sure to join our  Facebook Page and YouTube channel.

Filed Under: Forex Scam Reviews

Forex Robot Review, Scam or Legit ForexRobot com App?

October 17, 2017 by Patrick Jones 1 Comment

Forex Robot Review and Investigation
Exactly when our staff of researchers was about to publish a new SCAM review exposing new malicious Forex Robot SCAMS, we came across the recently launched ForexRobot.com software and automated trading app. We are skeptics by nature and learned our lesson the hard way after getting scammed online by professional con artists. So when we examined Forex Robot, we took a real hard look at the facts and if this new Forex EA and auto-trader produces consistent results over time. We only endorse genuine and legit systems, so naturally we were suspicious. However, as we progressed with our review and fact-checking process the dots started to connect for us and the picture became clear. We believe we have finally stumbled on to a legitimate trading software which was set up to work with tested and recognized brokers and this time also performs for extended periods of time. This was quite an unexpected surprise and a breath of fresh air, especially since this Forex Robot trades not only Forex currency pairs, but also Cryptocurrencies such as Bitcoin, Ethereum, and Dash. Now, with all the crypto scams being promoted online these days, it’s extremely rare to actually find a trading robot which stands apart from all the rest and delivers on its promise by actually generating profits as expected from a scam-free Forex Robot. Keep in mind, this is NOT a binary options robot and has nothing to do with digital, all or nothing, or exotic options trading. We will be discussing the differences in detail as we progress with our impartial Forex Robot review. We understand that you have had your share of disappointments from seemingly legit apps warmly endorsed by a variety of so-called “honest review sites”, but we rarely recommend new apps, so why not take a minute to read this insightful article and see what the all new Forex Robot automated trading software is all about.

Official Forex Robot Website, Login Page, and Members Area: Forex Robot

What is Forex Robot?
Forex Robot is an automated Forex trading software which executes trades for you on auto-pilot without any form of human intervention. This app was designed by professional traders who have cut the learning curve out of the equation and automated the processes. So, it doesn’t matter if you are a clueless amateur when it comes to Forex trading or an experienced trader, the software does all the work for you while you live your life.

The Forex Robot Trading Interface
The Forex Robot trading interface is simple, intuitive, and very user-friendly. You have a chart which lays out the signal, leverage (meaning the money borrowed from the broker if you choose to do so), investment amount, profit, and status. You simply need to click the auto-trading button and you are on your way, the bot does all the work for you.

Forex Robot Review: Distinguishing Features
Forex Robot is different in a variety of ways. First, simplicity is key and anyone can get started using this app. Secondly, there are a few canned or “ready-made” strategies which are integrated for you in the app. If you wish to choose these formats you simply select the strategy according to the risk level you wish to take, and start trading. Finally, you can go to manual signals mode any time and develop your own strategy if you wish.

System Specifications, Settings, and Operational Guidelines
You can set the Forex Robot with certain settings which generate signals that are traded automatically via the selected broker. It’s possible to use multiple indicators, however we do not recommend that.

TREND: This indicator surveys the overall market trends.
MACD: This acronym stands for Moving Average Convergence Divergence. It measures the delta or differences between moving averages and calculates or adjusts trades accordingly.
RSI: This is the Relative Strength Index. In a nutshell it makes corrective trades based on market sentiment.
STOCH: The Stochastic Oscillator is a indicator which factors in both speed and momentum and executes trades accordingly.
WILLIAMS: This is an indicator which buys short positions which are undersold.
CCI: The Commodity Channel Index uses time to factor trends based on averages.

Time Frames: These vary from 60 seconds to 60 minutes or more.

The trading systems are Classic, Fibonacci, or Martingale (which we do not recommend – just use the default settings). You can execute simultaneous trades freely without having to monitor the dashboard.

You also have a “stop loss” feature which is set based on your trade size. “Profit” and “leverage” multipliers can also be customized according to the risk you wish to take.

Factoid: Forex Robot does not accept traders from the USA, Canada, or France.

Assets:
Currency pairs include: EUR/USD, USD/CAD, EUR/JPY, EUR/GBP, GBP/USD,
USD/CHF, USD/JPY, and AUD/USD.

Cryptocurrencies Include: Bitcoin, Dash, ETC, Ethereum, Litecoin, and Ripple.

Binary Options Versus Forex
Binary or digital options are considered to be simple contracts where you need to guess how the underlying expires and place the trade according to that. Forex differs in the sense that you invest in the assets in a trading environment which offers higher variability but varying levels of risk. In the Forex markets, traders must decide not only in which direction a certain asset will take, but must also attempt to speculate as to how high or low that asset may reach. This leaves a higher level of certainty, and coupled with leverage the risk is just that much higher in the FX Markets.

I Got Scammed Before – How’s This Different?
Well, first of all the system is tried and tested to produce results. We also had some of our members try it out and it performed as expected. Still, if you are a skeptic that is a good thing but try to leave a door open for opportunity.

Fake Reviews
We did not see any fake reviews about Forex Robot, but we are constantly searching the internet for anything which may be construed as fraudulent or unethical Forex Robot software.

Pricing
The cost will be at least $250 and that money will be used to bankroll your broker account. In Forex we recommend a higher initial deposit for money management purposes, however this is not an absolute requirement.

Trending Viral Scams to Avoid
The ones with the most complaints are Bitcoin Loophole and Stabilis Lucra.

Signals, Crypto Systems, Binary and Forex EA’s
There are countless scams being launched on a daily basis. The all boast massive return on investments, guaranteed wins, and no risk. These are all classic get-rich-quick schemes designed to steal your money. Fortunately our staff compiled a short yet reputable list of money-making machines which have withstood the test of time. These apps are all listed in our recommended section.

Forex Robot Review Summary and Conclusions
Forex Robot is a SCAM-FREE automated trading app and software. After conducting rigorous tests and extensive fact-checking, we have come to the conclusion that this system is legit and profitable. What we DID miss was all the hyped-up and exaggerated claims of easy money, inflated bank accounts, fake testimonials, and all the pile of rubbish with usually comes with fraudulent software that’s designed to steal your money. We did not see unethical affiliate marketers promoting the Forex Robot software, but this may change. Still, this does not influence or change our assertion that we are dealing with a profitable Forex trading robot. If you feel Forex Robot is a SCAM and would like to voice your opinion, please make sure to leave a message below or alternatively submit a scam report on our website. As always, feel free to contact us via our  Facebook Page or YouTube channel. That is where we usually provide additional updates and information concerning Forex, Crypto, and Binary Options Scams.

Filed Under: Forex Scam Reviews

Stabilis Lucra Review, Stabilis Lucra SCAM Exposed With Proof!

October 13, 2017 by Patrick Jones Leave a Comment

Stabilis Lucra Review
The Stabilis Lucra SCAM is a fake, BLACKLISTED Forex Robot and Expert Advisor (EA) by David Jukl and Andrew Nathan. In our impartial and factual Stabilis Lucra review and investigation we will produce conclusive and indisputable evidence that will prove to you that the main problem with this system is the fact that it is almost identical to previous binary options and Forex scam software. Make no mistake! This is an extremely misleading, deceptive, and sophisticated SCAM, because David Jukl is actually a real person with credentials and a social profile which indicates his identity is real and not fictitious. That being said, we know who the crooks pulling the strings behind this recent mega launch are. These are a very savvy bunch of internet marketers who somehow latched on to this Forex Robot programmer and convinced him to endorse their fake app. This could be through a revenue share scheme or just a flat payment in the form of a bribe. Its also highly probable that Jukl is just a greedy scam artist who happens to look innocent and sincere, but in reality he doesn’t mind cooperating with the crooks behind the scenes and in this context tarnish his name and reputation. Some people are just unethical, but that is now their problem and they will have to deal with it.

The fact is that there is nothing legit or genuine behind the Stabilis Lucra SCAM, and it is an over-glamorized, extremely hyped-up, and glitzy version of the BTC robot and similar Forex scams we have seen in the past. You must know that the Stabilis Lucra software and Forex trading app was designed with pure malice and in a very calculated and professional manner. The app’s true intent is to bait and defraud would-be traders and opportunity-seekers looking to cash in on a legit Forex Robot. Sadly, if you join this program your money will surely be stolen by rogue brokers and unregulated Forex and CFD brokers who will manipulate you into investing all your money and then steal it in the blink of an eye. Due to the amount and nature of complaints we received, we now know for a fact that these rogue offshore brokers are conspiring against you and are out to fleece your wallet. Our rigorous fact-checking process has verified this, and we know this to be true and extremely disturbing. It’s also worth pointing out that the promoters of the Stabilis Lucra software prefer using SPAM email marketing techniques and fake news pages (see example below) to entice unsuspecting victims. So please refrain from clicking on any links and make sure to unsubscribe from receiving additional emails. Keep reading our Stabilis Lucra Review and see how we exposed these thieves and why we believe Stabilis Lucra is a confirmed investment SCAM.

Official Website, Login Page, and Members Area: https://stabilislucra.com/?

Proof of SCAM
Below is a screenshot taken from the Stabilis Lucra main sales page. In it, you will clearly see that they are boasting their expert advisor “has not lost in the past 3 years”. That is more than the usual hype, its just a blatant lie and completely impossible. Even the best systems with the most impeccable reputation and most consistent gains absorb losses from time to time. The most gullible and insulting lie is to try and convince would-be customers that there is no risk and that all wins are guaranteed. This is the ultimate scam tell sign and we don’t need anymore proof or evidence to deduce that we are being led awry.

Stabilis Lucra Software Review
The sales video starts off by immediately focusing on David Jukl who presents himself as a software developer which specializes in Forex Robot design and programming. He continues to say his apps are actually making “quite nice profits”. That is when Andrew Nathan enters the picture and starts to lay it on really thick about how much money this software is really making.

Nathan claims he partnered up with Jukl when the met during the China Forex Expo at 2016, and that was when he realize Jukl was a “hidden humble talent” who has the ability to develop Forex profit machines that never lose. According to the story Jukl was hesitant at first but eventually gave in and since then Stabilis Lucra (meaning stable or consistent profits in Latin) has taken off and won the prize for the Best Expert Advisor Performance Reward for 2017.

He continues to say that consistency in performance of his Forex Bot is the key to it’s success, and consistency in the Forex industry is rare as “hen’s teeth”. Many claim they have access to the best FX Robot, but only David Jukl is the man who is able to develop “real gems” and adapt them to the changing markets so they keep performing. But this was no overnight success, and we all know consistent profits “is the holy grail in money management”, so it took them over a year to tweak it and finally it’s out and generating massive profits for all its members.

Who is David Jukle
David Jukle is a real person who was either coerced or bribed into endorsing Stabilis Lucra. He has a real social profile and was interviewed in various Forex Expos as an industry-leading Forex EA programmer. Here you can see him talking about the EA Bratislava Software and here is his social profile on LinkedIn which is active and real. He is either a willing co-conspirator or alternatively someone who was threatened to play a role. Either way his reputation is really being tarnished here because we have already started to hear complaints about people losing money.

How Does Stabilis Lucra Forex Robot Work?
The system works by adapting to market conditions and then executing trades accordingly and in a speedy and efficient manner. It is a hand-off Forex app which trades on auto-pilot.

Is it Free?
Absolutely not! This thieving software will cost you $490 just to use the software. That is regardless of what you have to pay the broker in order to fund your trading account. One has to point out that there is a refund policy here and in this context we find it to be a useful thing, however this has nothing to do with your broker account and we suspect that is where the real money will be stolen.

In Reality
This is a very carefully planned SCAM. We have all the classic tell signs such as hyped-up and exaggerated claims of easy money, inflated bank accounts, and fake or no testimonials. We also see tall tales and promises of no-risk or guaranteed wins, fake proof of wins, and all of that is veiled by the personality of someone who obviously has a solid reputation in the online Forex trading industry. In short, stay away this is an extremely effective deception.

Other Viral Scams Trending
The ones to watch out for are Bitcoin Code and Binary Robot 365.

Forex EAs, Signals, Crypto Apps, and Auto Traders – We Have it All! 
We understand you are not quite sure about how to proceed, so please take a minute and browse though our recommended section. We actually tested all the systems and they are consistent money-making machines. Feel free to sign up and check it out for yourself.

Stabilis Lucra Review Summary and Conclusions
The Stabilis Lucra SCAM is blacklisted because we found conclusive and indisputable proof that it is a fake Forex Robot and Expert Advisor (EA). David Jukl seems to be genuine and legit, however his personality and sincere demeanor is being used in an extremely manipulative way. We don’t even know who Andrew Nathan is, or what he is gaining out of all of this. We do know that this scam is going viral and complaints are piling up by the dozens. In short, we are witnessing another SHAM which is very well disguised and has all the dazzle, finesse, and polished exterior one sees in very highly organized and orchestrated get-rich-quick schemes. The narrative is very innovative as well, but still these fraudsters always cling to the same patterns which give them away at the end. In short, this is a fraudulent software designed to steal your money so we Blacklisted the Stabilis Lucra Forex Robot and trading app. Don’t forget to join our  Facebook Page and subscribe to our YouTube channel.

Filed Under: Forex Scam Reviews Tagged With: Andrew Nathan, David Jukl

Apiary Fund Review, SCAM Or Legit Apiary Investment Fund?

September 19, 2017 by Patrick Jones 11 Comments

Apiary Fund is a currencies and Forex training program which has been receiving a lot of exposure recently. We have received a multiple complaints about the Apiary Investment Fund, and in our detailed review and investigation we will ascertain if it is a SCAM and should be blacklisted or a legit Forex training program. Its worth pointing out that there have been numerous reviews in regards to the possible Apiary Fund SCAM, and there is much conflicting information out there. So first we would like to clarify and shed light on some facts. First, this program offers you their money to trade. This is an incredible breath of fresh air, but if something in the back of your mind is telling you to hold on and wait, you are correct and we will elaborate about this in a bit. Secondly, you should know that this is a downloadable software which is connected to your computer. You should also be aware that there is no conflict of interest here as we are not acting as affiliate marketers or receive any type of commissions for referring customers to Apiary Fund. This means our Apiary Fund review is honest, truthful in spirit and totally transparent.

For those of you who have signed up for an unrelated service and started receiving all kinds of promotional emails inviting you to join Apiary Fund, we believe the smart move is to read our review before diving in and clicking the links on those emails. But first, a word of caution. Any form of investment, be it in Stocks, Commodities, Options, Indices, or even Bonds carries a relatively high level of risk. Obviously if you have a private wealth manager by your side advising you where to place your millions then this review is not for you. Still, many people receive promotional emails from trusted services they sign up for, and suddenly find themselves getting spammed from different sources. Such is the case with Apiary, and that is how they recruit new members. The business development department behind Apiary Fund joins forces with various investment sites and pays them to do mailings or alternatively does joint ventures on revenue share schemes based on money generated by traders signing up through the campaigns. Keep reading to see if Apiary fund is a blacklisted SCAM or a genuine Forex trading and educational program.

Official Website, Login Page, and Members Area: https://apiaryfund.com

Who Are The People Behind Apiary Fund?
The management team behind Apiary Investment Fund are all real people. Shawn Lucas is the founder, and Colton Chesnut is Vice President of Technology. Its worth pointing out that as opposed to all the scams we have previously exposed, these are real people who have staked their reputation by voluntarily providing their personal details. That is a very important factor which in many ways excludes Apiary Fund from the classic SCAM category where all we see are actors and fake testimonials. It does not however excuse them from acting in a way which we feel projects a sense of insincerity at best, and at worst places them in the SCAM category, as quite a few websites believe to be the case.

All That Being Said, Something is Fishy
We had a feeling we smelled a rat, but could not quite put our fingers on it. Then it became clear to us as we continued to watch the video testimonials. A person named Dakota Andrews is providing a review “by a real funded trader”. This is a very useful and welcome initiative, but we don’t know and quite frankly never heard of ANYONE providing a testimonial and then literally begging people to email them about the very same product. This never happens UNLESS, the person doing it is actually employed by the product merchant (in this case Apiary Fund). Take a look at the image below, this guy is saying “I check my email every day”.

Funded Accounts – Scam or Legit?
Intuitively thinking the concept of funded accounts are very much a breath of fresh air in the Forex trading scene. There is however a catch, and in order to understand how this works you need to take a step back and put your thinking hat on because it can get very tricky. Not everything is as it seems because you have to pay for the software and training which is extremely expensive. We will get to the pricing section in just a bit, but before we do that we have to point out something we didn’t like. We very much dislike the fact that the main Apiary Fund sales page has a section which literally says “you aren’t accountable for your losses”. Naturally this seemed like a very awkward statement to us (to put it mildly), so we checked the small print in the terms of service section (see below) and guess what. They clearly state that can’t guarantee a return on investment, which means they are contradicting themselves and beyond being unethical, its also unprofessional and in this context drives customers away and generates negative reviews.

How Much Does It Cost?
This software DOES NOT come cheap! The pricing section offers 3 plans which range from $97 to $697. They all include a fixed monthly fee of $97 which is added to your overall billing statement. Naturally they will try to push you to buy the expensive package, but you should know that what is good for them is not necessarily good for you. Insist on seeing a demo trading station and getting access to some educational material first in order to evaluate their level of proficiency. They do offer a 14 day refund period, but we have heard that the requests are simply differed or go unanswered in an attempt to wear you out. Eventually they respond and do their job, but its plain to see they are not about to give you a refund easily so get ready to fill out tedious forms.

How Does Apiary Fund Work?
Basically after you pay your fee and download the software you get access to educational videos and a trading dashboard which includes technical trading tools such as candlesticks. You are also supposed to get access to a community of traders, but for obvious reasons it is only available with the premium accounts (we didn’t like that either).

Is it Possible to Make Money Using Apiary Fund?
Well, the short answer is yes but you don’t need Apiary Fund to be a successful Forex trader. What you really need is an intuitive grasp of market movements and the ability to make fast calculations without getting emotional. The rest is irrelevant as all the tools you will ever need are provided by much more professional vendors and actually give you all the data you need in real time.

What Kind of Tools Do You Get?
As mentioned previously, you get an assortment of educational tools, including software and technical analysis tools.

Traders Feedback
We received multiple complaints suggesting the software is bogus and the Forex Training program is useless. Reading between the lines we understand that the software may be cumbersome and quite difficult to operate. Now if this was just one case then we would not bother writing a complete review, but 7 complaints telling us the same story means there is a trend here. And the trend is telling us the software is not user friendly and most likely due to this produces negative results.

Other Viral Scams Trending
The hot scams to watch out for are Bitcoin Code and Blazing Speed Trader.

Forex, Expert Advisors, Signals, and Trading Robots
If you are not quite sure about what system is right for you and are currently deliberating, that is perfectly normal. Our staff of diligent researchers has scrounged the internet searching for genuine trading machines. Due to our efforts we were able to compile a short yet reputable list of consistent money-making apps. These are all proudly showcased in our recommended section.

Apiary Fund Review Summary and Conclusions – The Bottom Line
This Forex software and educational program does not answer to the classic definition of an investment or financial scam (i.e Ponzi Scheme, MLM Scams, or Pump and Dump) and for that reason should not be blacklisted. However, we did receive complaints indicating their educational material was lacking and not very professional. After checking it out we realized why the complaints arrived. It’s not that we are looking at a bona fide SCAM, but the information is out there and it was just repackaged with minor changes and sold under the Apiary Investment Fund umbrella. Again, this is what we refer to as a borderline case, so we would simply not recommend the Apiary Fund to our traders and leave it at that. This is especially true for our members who are constantly looking for simple trading tools, usually in the form of auto-traders. Our investigation has revealed that its simply not a smart buy, and it is for this reason we recommend our members and subscribers seek alternative investment avenues. As always, we invite you to join our Facebook Group and YouTube Channel and learn how to avoid getting scammed online.

Filed Under: Forex Scam Reviews Tagged With: Shawn Lucas

Ze Forex Review, Fake ZeForex Software Exposed

August 7, 2017 by Patrick Jones 6 Comments

The Ze Forex software and fake signals app is a SCAM, and a part of a dangerous affiliate fraud network which we will expose in our detailed and revealing review and investigation. If you have somehow stumbled onto this fake trading robot, we can guarantee that you will end up having your money stolen by crafty online marketers operating in cahoots with rogue offshore brokers. In fact, ZE Forex is a part of a group of websites which go by the names of Trader’s Formula, My Online Trading, and Trader Formel. All of these sites are a part of a massive fraud ring which is based on the same fraudulent software, and uses the same graphic templates. There’s nothing legit or genuine about ZE Forex, or the rest of the sites mentioned above and we will produce all the proof and evidence required in order to ascertain and validate this fact. It’s worth pointing out that this scheme is also promoted in German as well as Russian, which makes it is even more dangerous than the usual English-only version. This is a very clear-cut case, which makes it very easy to understand how the con artists operate, and we will obviously address this issue in our unique review. Keep reading to see how we exposed ZE Forex, as well as the rest of the fake sites and why we believe it is a confirmed financial SCAM.

Official Website, Login Page, and Member’s Area: http://www.ze-forex.com/en/

Proof of SCAM
Below you will see a screenshot of the main menu in the ZE Forex main sales page. As you can see it is a template which is used for Trader’s Formula, My Online Trading, and Trader Formel. It’s also worth pointing out that as opposed to ZE Forex, the other schemes have videos of Amissio Formula and The Trading App attached to the sales page. This is standard operating procedures for large media companies or affiliate networks that want to roll out quick marketing material for online investment schemes.

It’s also important to mention that they use the same fake testimonial images on ALL the sales pages. It appears that “David Jones” is an alias and fictional character concocted by unethical internet promoters. Here you can see the face of the same actor pasted on the help page of a health care facility named Balance Treatment Center.

Ze Forex Software Review:
“The decision to invest is not just about financial growth.” This is how the sales video starts, and there is nothing of substance which explains what the software is about or who is behind in. What we see and hear is a collection of soundbites which include sentences like “rest assured that we will be by your side”, or “we provide investment services”. In essence it is a cheap collection images and sentences designed to instill a sense of a better life and successful living.

The con-artists were also very predictable and “old school”. They made sure to add the fake CNN and CBS News stickers to show their filthy software is legit, but this has obviously backfired and they ended up looking very stupid here.

The texts on the initial registration page talk about how to activate your account in minutes, automated trading, daily trading tutorials, and “daily winning trades”. These crooks claim they provide an “exceptional trading environment” with a wide range of products, tutorials, and tools. There is no talk of PIPs, access to an MT4 terminal, or any kind of professional trading tools or brokers like sRs Trend Rider 2.0 does for example.

In Reality
In real life this is what you can expect. This website has nothing to do with Forex. When you complete registration you will be contacted by a binary options broker who will try to sell you snake oil and an phony investment strategy. This has nothing to do with trading automation, signals, or any form of smart investing. The fake testimonials, replica templates, ripped off sales videos, and fake logos tell us we are dealing with cheaters. We did miss the usual level of hype and exaggerated claims of easy money, but its still there along with the inflated bank accounts.

Is it Free?
No it is not, $250 is what it’s going to cost you and this money will be charged to your credit card by filthy unlicensed brokers who care nothing about your financial well-being and only wish to bleed you dry.

Fake Reviews
Actually there are no in-depth reviews about Ze Forex yet, but we are sure that after we expose them all the rest will follow and do the same. Just remember where you saw it first.

Viral Scams Trending
The ones to avoid now are Forex Cyborg and Crypto Robot 365.

Signals Versus Trading Robots
We know it can be confusing to choose the right system, but that’s very common. This is why our team of researchers has compiled a short list of consistent money-making apps which have all endured the test of time and provide proven results. These are all proudly showcased in our recommended section.

Review Summary and Conclusions – Verified SCAM
Ze Forex is a fraudulent trading software and fake automated signals robot designed by unethical affiliate marketers with pure malice and the deliberate intent of stealing your money. There is nothing legit or genuine here, so don’t even think about joining. If you have deposited or invested with this sham then we urge you to refrain from doing so again. In addition, we have it from a trusted source that these jackals are using SPAM email marketing to trap and bait innocent would-be traders and opportunity seekers. Please do not click on any links and try to unsubscribe immediately if you can. The same applies to Traders Formula, My Online Trading, and Trader Formel which are part of the same network. We would like to warn our members and subscribers that this is a tech-savvy operation and they are very experienced and well funded. These people have a criminal background and specialize in credit card fraud, software manipulation, and identity theft so please keep your distance at all costs. In light of all of the evidence we have produced, we are compelled to blacklist Ze Forex and advise our members and subscribers to seek alternative investment options. As always, don’t forget to join our our  Facebook Page and YouTube channel.

Filed Under: Forex Scam Reviews Tagged With: My Online Trading, Trader Formel, Traders Formula

Manhattan FX Review, SCAM Manhattan FX Robot Exposed!

August 2, 2017 by Patrick Jones 1 Comment

The Manhattan FX Robot and Forex Expert Advisor (EA) is a SCAM, and we blacklisted it in our fair and factual review and investigation. For those of you who are new to Forex and online trading, Expert Advisors are programs that enable automated trading with an integrated analytics package based on the MT4 (Meta Trader 4) platform. Our alerts desk has received a fresh flurry of complaints about this new Forex robot, so naturally we started snooping around. Almost immediately we smelled a rat, and sure enough when we started peeling off the layers of deception from this seemingly harmless auto-trader, the foul stench of malice was unusually nauseating as the evidence and proof of scam started to mount. We are very familiar with this type of sales page and the polished as well as authentic look it projects, but the devil is in the details. Our findings led us to the realization that this so called legit or genuine Forex EA and auto-trader is just a piece of fraudulent software designed to steal your money. We also found out that the affiliate marketers promoting this thieving new app specialize in Email SPAM, baiting tactics, internet fraud and identity theft. So make sure not to not to click on any links or popups soliciting this fake app. Keep reading to see how we exposed Manhattan FX robot and trading software, and why we believe it is a confirmed financial scam.

Official Website, Login Page, and Members Area: https://manhattanfx.com/

Proof of SCAM
Below you will see a screenshot of the Manhattan FX Robot main sales page, where it boldly states it is the “best expert advisor for Metatrader 4”.

Right below you can see one example of how these crooks use fake testimonials to legitimize their crappy software. It seems “Paul” from Alteo Investments in NY is really a person named John Elton and probably completely oblivious to the fact that his image is being used to promote a fake Forex Robot. A simple Google search will also show that the rest of the images are also copied or stolen without consent.

Here’s another inconsistency. Now it may be true that we are not the world’s foremost online trading guru, but the image below taken from myfxbook as a kind of “performance proof” shows a clear upward trend. However, when you click the profitability link you will see that 51% of the trades are LOST! So naturally we assumed that one possible explanation can be that the duration or time frame of of the snapshot was for a very brief time. So we checked again the next day and the profitability counter did not change one bit. This can only mean that the numbers are fudged or alternatively that the analytics are not accurate (or integrated properly) in providing the right kind of information.

Manhattan FX Software Review
The sales page claims the Manhattan FX is the market’s leading algorithm which is trades EUR/USD and GBP/USD. The trading is executed in a totally automated manner on “auto-pilot”. It was supposedly created by 12 industry experts with decades of experience, however none of their names are mentioned. All they say is that they are “veteran brokers and young engineers.” But we don’t see a face and address behind the sales pitch, which leads us to believe that these are fictitious characters invented for the sake of the phony story.

Extreme Profits or Massive Losses?
They promise ultra-high and verified profits on “several” accounts. This means you are asked to open and fund multiple trading accounts with different brokers, and that is a HUGE red flag. “Incredible profits since 2010” is another statement which is very dominantly displayed on the site. Backtesting was done on EUR/USD and GBP/USD fix trade size on medium risk. There is also a portfolio results section which shows a total profit of over 1.2 Million Dollars (if you believe that), and they claim it works well with money management strategies.

Pricing – Is it Free?
as you can see below there is a one time fee which is incurred, and that is just to use the system. It has nothing to do with funding you broker account. In most cases these guys will also get kickbacks from Forex brokers for referring clients, however after looking closer at the FAQ section we see this is not the case (this is the only smart thing they did here). So just remember that in similar situations, you usually end up paying twice for something which is provided freely with other systems such as the profitable sRs Trend Rider 2.0 by Vladimir Ribakov.

The key features include balance defense, news filtering, adaptive logic, licensing, and online support. These are tiered according to the package you buy (Basic, Ultimate, and 2-License).

In Reality
What we are looking at here is clearly a malicious scam designed to fleece your wallet. We are not advised about which brokers are compatible. After clicking the tiny links below we were able to find out a bit more information, but in real life no one bothers to look there. So we have quite a bit of hyped-up and exaggerated claims of “extreme profits”, fake testimonials, horrible English with plenty of syntax and grammatical errors, a narrative that’s got more holes in it than Swiss cheese, and nothing substantial about how it works and who is really behind it.

Other Viral Scams Trending
The hot scams to watch out for are Crypto Trader and Quantum Code.

Signals Versus Trading Robots
We know there are new systems coming out on a daily basis, and all of them offer massive returns and easy money. In all honesty, the vast majority pan out to be scams and that is a fact. Luckily our staff of researchers has conducted all the tests for you and compiled a short list of Options and Forex apps which have proven to provide consistent results over time. These are all proudly showcased in our recommended section.

Review Conclusion and Summary
The Manhattan FX Robot and Forex EA is a SCAM and rightfully blacklisted in our official review. Make no mistake, these bloodhounds are out to steal your money and they won’t stop until they get it. Don’t be afraid to speak your mind and tell them to stop harassing you with phone calls or promotional emails. There’s nothing legit or genuine about Manhattan FX and you should never deposit. If you have funded a trading account, make sure to avoid reinvesting and refrain from accepting any type of bonus, signing documents, or divulging any kind of financial information like your credit card number (unless you have already done so). In light of all the evidence and proof our staff has produced, we are compelled yet again to blacklist this scam and advise our members and viewers to seek alternative means of investing.  Don’t forget to join our Facebook group, subscribe to our YouTube Channel and get informed.

Filed Under: Forex Scam Reviews

Forex Cyborg Review, SCAM Forex Cyborg Exposed!

July 23, 2017 by Patrick Jones 4 Comments

The Forex Cyborg is a fake trading robot which uses particularly deceptive and misleading SCAM tactics, and that is why we had to BLACKLIST this automated Forex trading software in our fair and honest review and investigation. We recently received complaints from a few of our members concerning this Forex EX (Expert Adviser) signals tool, so we decided to rise to the challenge and start examining and testing this software. It seems there is a group of affiliate marketers who is promoting this system, so it is getting a lot of exposure. Truth be said, there are many supposed mitigating factors which can actually lead potential day-traders to jump on this gravy train and risk their hard-earned money. For example, the 30 day money back guarantee is very important and it is for this reason we had various arguments about how to review it. However, we eventually decided to blacklist it because of the use of fake testimonials and blatant baiting tactics which trick many opportunity-seekers into funding trading accounts under false pretenses. Customers simply believe it is a legit or genuine Forex software, which for all intents and purposes could have been very possible at face value. However, we caught them cheating and making false claims so now they have to pay the price. While we agree that there are much more sinister and aggressive scams out there, the subtle and seemingly authentic nature of the app causes readers to drop their guard and in this way expose themselves to a software which is definitely fraudulent. Keep reading to see how our staff of researchers produced unequivocal proof and evidence of an investment SCAM.

Official Website, Login Page, and Members Area:  http://forexcyborg.com/

Proof of SCAM
Below you will see the testimonial section inside the Forex Cyborg main sales page. A simple Google check will show that “Vladimir” is an image bank actor and we can pretty much guarantee that this person (whoever he is) has zero knowledge about Forex, or  for that matter any form of online trading.

Moving along, we can see how this software is being marketed as a hands off, fully automated system. And all you have to do is download the Meta Trader 4 (MT4) software, hook up with a Forex broker, and “sit back and enjoy the frequent and profitable trading” of the system. Well, it was that easy then everyone would use this software and we would all be millionaires right? Wrong! This is a lot of hype and if trading was that simple then we would not need to have an entire industry educating, mentoring, and guiding traders.

Forex Cyborg Software Review
The polished look and sleek design of the Forex Cyborg sales page is very inviting and appealing to the eye. It starts off by saying “A real professional Forex Robot for real professional traders. You have seen the rest, now see the best.” Well, that is a very bold statement coming from a shady software provider who we know nothing about, and that is very big problem and a separate issue by itself. The software offers 14 currency pairs on 15 minute charts and it utilizes the MetaTrader 4 trading platform for placing, managing as well as closing trades.

The software boasts a 77% ITM ratio with expectancy 5.0 pips per trade and provides screenshots of a 3.73 profit factor. In other words, out of 111 trades which were executed 85 were in the money and the rest were losing trades. They also claim it facilitates multiple currency pairs using the default software settings on “any size trading account with any leverage”. That is a huge risk and if you understand Forex, you should know that when you trade with leverage your losses can exceed the amount of your original investment. In fact, we recommend you don’t trade with leverage or at least understand what you are getting into before taking a leap of faith and trusting a broker with your hard-earned money.

The Main Sales Pitch
This robot utilizes the use of “neural networks and deep learning” in order to reach a high win rate and adapt to market conditions on the fly. The trading algorithms are supposed to be “state of the art” and super advanced.

The Hype
“You do not need to risk a lot to make huge amounts with it as it trades frequently and can grow even the smallest trading accounts to great amounts in quick time.” This is a classic tell sign which should signal to you that you are on your way to getting your wallet fleeced. Anything which promises large amounts of money fast with little or no risk is a SCAM according to our experience, and this sentence was taken directly from the Forex Cyborg sales page.

Unique Features and Specifications

Tick Testing: The sales page claims that “real tick data used for testing giving the most accurate results possible”. A 99% modelling quality is boasted, but this is not clear and if you understand what it means please leave a message.

Real Spreads: Variable spreads are supposed to be used for testing in order to help insulate Forex Cyborg from spread-dependency.

Real Slippage: They claim they are using real slippage simulation via testing in order to try and anticipate certain real trading conditions.

Trading Commission: The commissions are supposedly included in the tests in order to provide a more accurate projection of earnings.

Additional features include automated money management techniques which in essence are a form of risk management. This is supposed to create a safety mechanism which prevents your account from excessive losses. There is no minimum trading account size or leverage required, and the software is not broker dependent. This means you can use any broker you wish with this software, which is the only useful thing we have to say about it.

Pricing – It’s Not Free!
Packages start at €299.99 for the basic package which offers 7 currency pairs, 1 license, updates, a demo, and lifetime support. The Premium package costs €599.99 and offers 3 licenses and 14 currency pairs. The purchasing is done via click2sell which is a well-known online payments service.

Fake Reviews – Are There Any?
You bet! There are quite a few seemingly “honest” review sites which are endorsing this offer in return for bribes in the form of affiliate commissions, so stay alert and don’t let yourself get trapped and fall prey to these vultures.

Similar Viral Scams Trending
The hot scams are Crypto Robot 365 and HBSwiss.

Signals Versus Trading Robots
If you are not quite sure about which system is best for you it’s completely normal. Our staff of researchers has compiled a short and reputable list of the best and most reputable Forex and Options trading apps available online. These are all readily available for you in our recommended section.

Review Summary and Conclusions
The Forex Cyborg software is a verified financial SCAM, and despite its seemingly harmless appearance it is extremely dangerous. We now know it was designed with pure malice and the explicit intent of stealing money and defrauding innocent would-be traders. Our factual and detailed review highlights the various red flags and connects the dots in a very methodical and clear manner. It goes without saying that if you choose to deposit and “test” the proverbial waters using the Forex Cyborg software, you will surely end up getting scammed by con artists and lose your initial investment as this is not a legit or genuine trading app. In light of our indisputable findings and conclusions, we are forced yet again to blacklist this fake app and Forex EX software, and recommend  our viewers and members opt for alternative trading options.  Don’t forget to join our Facebook Page and YouTube Channel.

Filed Under: Forex Scam Reviews

  • Go to page 1
  • Go to page 2
  • Go to Next Page »

Primary Sidebar

Recommended Systems

Subscribe to our newsletter

Enter your email address:

Follow Us

  • Facebook
  • Twitter
  • RSS Feed
  • YouTube

Recent Posts

  • Immediate Edge Review, Is Immediate Edge App SCAM?
  • Tesler App Review, Malicious Scam Exposed With Proof!
  • 1G Profit System Review, Scam 1G Profit System Exposed
  • FX Robotix Review, Is FX Robotix SCAM?
  • Walter’s FMS Review, Fake Walter’s FMS SCAM Resurfaces!

Trending Viral Scams

  • Bitcoin Revolution Review, SCAM Bitcoin Revolution or Legit App?
  • Bitcoin Loophole Review, Malicious Crypto SCAM Exposed!
  • Bitcoin Trader Review, SCAM Bitcoin Trader Is a Cryptocurrency Fraud!
  • Immediate Edge Review, Is Immediate Edge App SCAM?
  • Bitcoin Code Review, SCAM Bitcoin Code App Exposed!

Footer

Resources

  • Scam Crypto Robots
  • Scam Bitcoin Robot
  • About US
  • Disclaimer

©2020 Copyright binaryscamalerts.com All Rights Reserved.