We are here again to review this scam trading robot called Money Bot App. It is a good for-nothing trading robot which aims to steal and ultimately plunder your account since it’s not credible enough to gain any decent trust ratings. We are therefore discouraging you from investing in it. That’s why we are covering it in this Money Bot app review to warn you against losing money carelessly to this app. If you’re ready to learn the tricks which they are employing to make sure that you will lose your hard-earned $250, read this review to the very end.
Money Bot App Review
Is Money Bot app a scam? Well, we suspect that it’s a scam since the website is run by some anonymous individual who claims to be a robot developer. Their business profile is not known. The individuals who operate here are equally strangers with no names at all. So how can we trust that we shall get 85% success rate with this software?
You see, we don’t want to make blind moves anymore because we are experienced enough to fall along the wayside in pursuit for legitimate trading apps. This one has obviously failed our test, and we are therefore marking it, Money Bot app as scam.
Let’s begin analyzing who owns the site and whether or not they are genuine
We ran a quick background check on Money Bot app website, and we discovered that it was registered in August 2016 under the name of Enom, Inc. But the details of the real owner are hidden, which suggests that they were using the option of hiding Who.is information from the public. That’s a red flag we can’t take so lightly.
So, can we trust that this Money Bot app software will actually make life fun to live without struggling to make money? Absolutely not. And do you think this software was created for all people irrespective of their trading experience? We highly doubt this. If you know nothing about this software, which is a semi-automatic robot by the way, you will end up failing. There is no secret about that.
But if you’ve been trading for some time, then we don’t see why you should change your routine to use a scam robot. This shows that it was created to target newbies because professional traders don’t see the need to use scam robots like Money Bot app system. Newbies are the main target here, which is why they are putting more emphasis on ‘’no experience’’ trading. We don’t buy cheap sales gimmicks.
How Money Bot app works?
Again, you will be surprised that this Money Bot app software doesn’t have any description concerning how it works. We only know that it’s a copy trader which copies positions from traders who win at least 60% of the time.
But this math is kind of screwed up, and lacks consistency with the initial claim that we could have up to 85% success rate on a daily basis.
If the Money Bot app program truly copies traders who are 60% successful all the time, then we can expect a lower than 60% ITM rate. It only makes sense for that figure to be around 40-50%, and sometimes even lower.
What is more, if you decide to sign up with Money bot app scam system, you will be guaranteed unrealistic success based on the claim that the system analyzes 300 assets per minute only to enter a position in the right time.
This is hogwash because anyone can make those claims provided they are not required to give proof to back up their word.
Moreover, While coming up with this in depth Money Bot app review, we are astonished to find that the signals can use the turbo trading option without losing money. How can this happen when we know very well that all brokers have lag time which actually affect the price which you enter the market at?
Even if this software was quick enough to act like they say, this lag time, together with the fake algorithm which copies other traders would make it impossible to close trades in the money. We would lose most of the time since the 1 minute time frame chart moves very quickly, and missing out on the entry price, even for a second, will guarantee losses rather than profits. This makes Money Bot app system a poor performer and a scam which is not consistent with how it is being promoted.
They have teamed up with a broker called uTrader – there’s a problem here
Scams have a common pattern which they religiously follow to make sure that their motives can be achieved. No one knows about uTrader. There are absolutely no credible reviews that try to portray uTrader as an honest broker.
That is the only reason why they have teamed up with the people who sell Money Bot app scam to steal money from traders. This software was created to lose at least 5 times for every one winning trade. So unless they can unleash their evidence to defend themselves, this statement remains a fact at all times.
And as far as uTrader is concerned, we can confidently say that they are an offshore broker who is not even recognized in the binary options industry. We are afraid that you might lose your money here as well.
What else do you need to know about Money Bot app scam?
There are no professional traders to copy here. It’s you, the software and the fake algorithm. And you can bet that the results will turn negative. That’s something you can take to the bank. The fact that this Money Bot app scam is run by an anonymous group of people is just enough to raise suspicion and even cause us to blacklist it since it’s a total waste of our time.
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Money Bot App Review Conclusion
Money Bot app system has nothing new to offer because it’s a white label that was customized with logos and a different web domain to look unique. The Money bot app software could be a mutation of the most famous scam robots on the internet right now. Whatever it is, just know that it’s a scam and such deals never end well.