The Nuvo Finance Software by Peter Millen has recently launched and we were asked to conduct a full SCAM review and investigation into the inner-workings of this new app and trading robot. Needless to say, we are skeptics by nature so when we started inquiring about complaints and issues having to do with possible credit card fraud we were surprised to see the level and severity of grievances was borderline and almost acceptable according to industry standards. As we progressed we noticed an unusual amount of hype around this product, and for us this is a clear indication of a potential financial SCAM which is worthy of being blacklisted. Still, despite everything we had to go through the process and see if there is anything different about this system. Again, we found a few things that are misleading and could be construed as deceptive. However, something seemed a bit different and contrary to our intuition as we uncovered a few facts about this new app which made us ponder about it’s legitimacy and level of accuracy. It is our belief that the puppeteers operating behind the scenes and promoting this system are savvy affiliate marketers, however this remains to be confirmed. Our review will probe the intricacies of this new trading technology and attempt ascertain if it is a financial SCAM or a legit and genuine app. Keep reading to see how we conducted our investigation and why our findings may surprise you.
Official Website, Login Page, and Members Area: http://nuvofinance.com/?
What is Nuvo Finance and How is It Different?
Nuvo Finance (not to be confused with Nuvo Network Management) is a new trading software which was made available to the public on February 6, 2017. The image below was taken directly from the Nuvo Finance sales page and illustrates how it looks and the various features associated with it. As you can see you can activate and stop the auto trading button, and select the amount of money you want to risk. There is also a dashboard that explains how many open trades you have and a condensed FAQ-type section that explains “how it works”.
Generally speaking we have seen these types of automated trading solutions in the past and in most cases they are investment scams and don’t deliver on their promise. So we dug in deep and found a few things that are quite indicative of a scam, but for the sake of honesty we were willing to look at it from a broader perspective and let the numbers speak for themselves.
Above you will notice an image of Millen saying how his software has “never lost a single trade” and it is “bullet-proof” and “recession” proof. We don’t accept this form of hype and do view it as a form of false advertising tactic. That being said, we were willing to set aside all our doubts and skepticism in order to really give this new software a chance, because we very much want to find a profitable auto-trader for our subscribers.
So, after we carved out all the exaggerated chatter and boasting we actually invested with our own money and took a real good look at the offering and potential benefit. Obviously we were not surprised when we absorbed a few losses and despite the lack of honesty here we knew what we were getting into. That being said, the overall performance of the software was actually not that bad and eventually we covered our initial investment and made a little money with a 75% ITM (win) ratio. Now, I know everyone wants to be a millionaire on auto-pilot and make passive income while watching their favorite show on TV, but this is just a fantasy so don’t fall for it.
Nuvo Finance Review:
Peter Millen, the founder and CEO of Nuvo Finance is offering you immediate access to a fully automated trading robot with a zero loss track record. That’s correct, the wins are guaranteed and you can’t lose a single trade! At the end of the day that is what people want or expect to hear so they gave them that. After a short drive we are led into a really lavish office where Millen invites you to be a beta tester for his new trading app. According to him, 16 beta testers became millionaires in 6 months, and now its your turn to get in on the action.
Millen is asking for your help (not your money) in order to fine-tune his software and make it the best in the world. Then we have Austin coming on board with 2 of the “round 1” beta testers who are already millionaires. Starting with Ashley Redding who is now debt-free and can’t stop thanking everyone for helping her transform her life. Then Mark starts to lay it on really thick and says he “doesn’t even know what to do with his money anymore”.
After that each beta tester is given a new Tesla car as a free gift since they had the “best attitude” and they depart. Then the we have the scene where Millen introduces Will Slate, the Chief Technological Officer at Nuvo Finance. He claims Peter understands the markets, and he is the one that “translates it into technical functionality”. He claims that together they helped 200 people become millionaires through their expertise, and the next group of beta testers will also be a part of that “2 comma club”. This is when Austin explains how he wasn’t reaching a 100% win rate, so after making “modifications to the trading algorithm, it went from an amazing platform to a turbo-charged money-making monster.”
To wrap up the sales pitch, Millen claims this is your last chance to get in and grab your license of the ground-breaking software. They then say they are giving it away for free because they want access to your trading log and usage history in order to verify their data and tweak their systems.
Unique and Differentiating Features
We did not find anything unique in the software after testing it, and in fact it looks and behaves very similar to other systems we tried out. The only difference was that the accuracy levels of the software were better, and at the end of the day that is what matters to us. There’s no use trying to hide the truth, there is a lot of hype and use of exaggerated earnings here, but it does not change the reality of things and we were able to make some cash using this system so we don’t perceive it to be a failure as opposed to other stealing apps out there.
I Got Scammed Before – What Are My Chances?
Well, all the classic tell signs are evident, but it passed the money test (although not as advertised). We believe these guys just took an overly aggressive presentation to get their point across. All they needed to do was show us how the software performs and a few words about the system and how it works. So on the overall we do not believe it it a scam, although we may revise our opinion based on feedback we receive.
The lure of bribes in the form of commissions is rapidly increasing as so called “honest review sites” continue taking handouts from brokers and big media networks that want to peddle their filthy apps online. So when you read a favorable review be extra vigilant and on your toes because there is a lot going on behind the scenes that you are not aware of.
Well, you can bet your bottom dollar it’s not gonna be free. The minimum deposit amount stands at $250 and that money will be charged to your credit card by one of the brokers integrated into their system.
Signals Versus Auto-traders
We know how difficult it can be choosing the right software, so we have done all the research for you. In our recommended section you will find a short selection of systems that have withstood the test of time and are consistent money-making machines.
Review Summary and Conclusions
After thoroughly investigating the Nuvo Finance Software by Peter Millen we have reached the conclusion that it is most likely a SCAM and worthy of being blacklisted, but we were still able to make some money with it. We did witness the classic tell signs indicating fraud, specifically what angered us were the exaggerated claims of guaranteed wins and zero losses. We could not find inflated bank accounts, or any proof of fake testimonials by producing fiverr.com actor profiles (for example). So, for the sake of fairness and honesty we will not endorse, nor will we blacklist this new trading robot. We will simply advise our members that there are other systems available which perform as advertised and are less misleading in how they try to attract or bait potential new customers. We are constantly looking for new and genuine systems but this is not a simple task so take a deep breath and just try our our alternative software. Don’t forget to join our Facebook Page and YouTube channel.