If you’ve been looking for a genuine robot to help you trade Forex successfully, it isn’t a wise idea to use M6Bot and other similar software. The M6Bot app poses a serious risk to your investments since there is no credible evidence that the robot works like advertised. If anything, the owner of this scam robot has only given lots of incriminating evidence against him, thanks to the overall design of the site and content therein. So in short, if you’re asking the question of ‘’is M6Bot a scam?’’ you should just know that this is one of those clever scams you randomly bump into on the internet.
M6Bot Sytem Review – Its nothing but a SCAM
M6Bot software is just a clever re-launch of another system called the Lucky Trader. That system was a scam from the word go. It got busted, and so the owner decided to re-brand it into something else, and then pushed it to his audience under the brand name, M6Bot.
You see, it is always said that no robot has the same thinking capability that man has. The financial market is very dynamic. It is consistently changing, and thus the outcome of one trade will not always say something about your future trades.
Secondly, every currency pair is unique in its own right. For instance, the GBPJPY will have no problem experiencing a daily volatility of 300. At the same time, a currency pair like EURUSD will not go beyond 80 pips on average.
Yet the owners of M6Bot system boast that this software is fail-proof and that it will consistently generate between 150 and 300 pips a day. This is a big lie. No man has ever discovered a trading app that is 100% accurate. Or let’s just say that no trading app can have the same logical thinking process like we do, so forget about this app giving you A results on your trading days. This is just nothing but sales gimmicks.
M6Bot Software is supposed to be a robot that doesn’t require any input from you
When we heard this statement, it sounded ridiculous because one thing we know for sure is that no one is going to try Forex if they have not studied or practiced it for a while.
These days, nearly all Forex brokers have a demo account for those who want to horn their skills. It is practically impossible to grab a robot and jump into the market thinking you will make money.
The simple fact is, you still need to familiarize yourself with the basic terminology and how things work here. Then you can complement that knowledge with a trading robot that has been shown to work, and not the M6Bot scam.
In other words, no money will come to you without working for it. All professional Forex traders who use robots usually have a thorough understanding of what they are doing. Yet they occasionally record losses. So how much more will you lose as an armature trader who doesn’t even know what a pip means?
Think about it as you go through this M6Bot review. You will come to the realization that this is just marketing hype to get you signing up for the robot. But remember, this is just a re-branded version of the infamous Lucky Trader scam. So you can imagine what you’ll be getting into if you signed up for the M6Bot software and let it work your money. You’d record massive losses. This is guaranteed!
Giving away your bank details to M6Bot scammers is so dangerous
One thing we noticed is that the people who owned M6Bot website were very discreet in nature. That is the reason they have decided to use animations with characters that truly don’t exist.
The team members they are claiming to be behind the M6Bot software are not actually real. We searched their profiles on the internet and found nothing. They are nowhere on LinkedIn and Facebook either? So what other clue do we have concerning the identities of these persons? You guess, we have to deal with strangers and give them the benefit of doubt, which is very dangerous especially where your money is concerned.
And now the interesting part of it is that M6Bot signal is not free to use. When you sign up, you will be asked for your credit card details as a form of payment for the M6Bot software to be given to you.
This is very dangerous in the first place. It could be a trick to harvest banking details of unsuspecting victims so that hackers can start their job. If you give them your banking details, you never know what they’ll be using that data for. After all, they have refused to expose their identities, so it’s easy to see why these guys are criminals.
There’s still a lot of confusion on how the M6Bot software is presented
We still don’t know whether M6Bot is a trading robot or a signal service. In one part of the presentation, we read that this trading robot worked with both MT4 and MT5 trading platforms.
There is no proof provided to show that M6Bot system is reliable like they claim. Where are the back-tested results so far? We cannot rely on a bunch of anonymous testimonials trying to endorse this software for traders to trust it. After all, you can’t trace these guys anywhere on the internet. It would take a lot of guts to pour your money into such a system.
M6Bot website doesn’t provide any additional information concerning the M6Bot app. The owner continues to remain anonymous with his team of developers. The overall design of the site looks shoddy. And the stolen robot picture you see on the website is something that you can identify from other scams on the internet.
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Conclusion – M6Bot App is a Scam
To cut the long story short, let’s say you will be screwed up if you dare use this M6Bot app robot on a live Forex account. This is basically a binary options scam, and we are used to their everyday tricks. You should therefore keep your money or trade with the demo account first before opening a live Forex account. If you must use robots, then wait until you find a reliable trading robot that can give you the profits. Our M6Bot review conclusion proves that its a scam and everyone should stay away form it.
Looking for alternatives? Working and legitimate trading solutions? Despite of all the scams, we have a few Best Binary Signals to recommend for you. Visit QuintUp’s Recommended Binary Options Signals. Also check our Blacklisted Binary Softwares and make sure that you haven’t signed up with any.