Is Algo Trading Robot a Scam? Another Toy Robot
This website is trying to make you believe in financial freedom without any effort. By signing up to this opportunity, you are promised a software that predicts the market and generates $2,600 PER DAY on average. I know, this sounds too good to be true! So, is Algo Trading Robot one of those Binary Options Scams?
I am here to explain the true intentions behind Algo Trading Robot and why it will never predict anything. Read on before you invest at least $250 in this risky business.
Algo Trading Robot Review
- Product Name: Algo Trading Robot
- Website: algotradingrobot.com
- Money Making Strategy: Binary Options
- Price: $250 minimum
- Recommended? No
- Score: 0/10
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What is Algo Trading Robot?
Algo Trading Robot is an automated binary options software supposedly created by a professor of applied mathematics from Oxford University. The software is said to predict the financial market and win trades 88.7% of the time.
First of all, the financial markets are affected by a large number of factors in the economy, business, politics and weather. Therefore, it is absolutely surreal that an algorithm can predict every factor and combine them to anticipate asset prices.
Before I show you the truth about the software, it’s important that you understand why binary options is so risky.
Binary Options is Extremely Risky
Trading in binary options is basically betting on what’s going to happen with prices of commodities, stocks, currencies and indices. Usually, you have to decide if the asset price will go up or down after a very short time (sometimes a few seconds). And because the financial market is so unstable, there is always a high degree of uncertainty, even for highly experienced traders.
You won’t invest money in any asset, you will just bet/trade with the broker, which is the owner of the trading platform.
There are only 2 possible outcomes in binary options: You either win a fixed amount if you are correct (usually 70 to 85%) or you lose everything if you are wrong. So the broker keeps your money when you lose a trade, and it gives you money when you win.
As you can see, the system is extremely risky because the broker has a huge advantage against you.
Don’t Be Fooled
Algo Trading Robot is just a useless system that was designed with only one thing in mind – Make you put at least $250 at serious risk. No software can predict the market, and even if someone discovered a magic formula, it would never become available to the public.
You can try hard, but you won’t find any professor of applied mathematics at Oxford called Stanley Nash. Trust me, if they are lying about the ownership of such system, they are also lying about anything else.
I spot one contradiction in the sales pitch that proves my statement. The guy claims that in the first 4 years the algorithm was profitable on 1041 out of 1042 trading days. Therefore, the winning rate should be 99.9% rather than 88.7% as previously stated!
So yes they are lying.
Is it Really Free?
Considering the big house edge against you, and the fact that the software doesn’t work, making any profits using this system is a mission impossible.
Although the software is free, you still have to fund the broker’s account with at least $250. As you may have noticed, the software is just used as a bait to increase your confidence and get you to make a deposit.
Once you make a deposit, the owner of Algo Trading Robot will earn a generous commission from the Broker. That’s the primary intention behind this website…
I have reviewed tons of such useless software such as PRIZM, Pay My Vacation, Quantum Code, Millionaire BizPro and many others! All of them are only designed to make Brokers richer at the expense of people’s hard earned money.
Conclusion – Is Algo Trading Robot a Scam?
In my opinion, yes.
It’s not only about the risk of losing trades. You can also be a victim of a software that manipulates results, and brokers that steal your money AND identify.
No software is able to predict the market, so you should never trust anyone that says it’s possible, no matter how the story looks convincing.
Verdict: Not Recommended
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I hope this article was helpful to you. If you have any questions or comments about any topic discussed in this article, feel free to leave a message below.