Name: FX News Robot
Price: “Free” ($250 min. deposit)
Type: Forex Trading
Rank: 5/100 – Scam!
What Is It?
FX News Robot is one of the latest Forex Trading products to hit the market that claims to be the only fully automated trading software you need. The product loves to show off its million dollar income proofs with a promise that we can earn $15,000 in the next month alone. But in this following review, I’m going to explain why you shouldn’t buy into this.
In-fact it’s not a surprising fact all given that every single binary and forex trading product I see today has zero problem making these same exact promises. The only actions you’re required to take with FX News Robot is signing up “for free” and turning on your new FX News Robot software. But, does this software actually work? Even if it doesn’t make us millions in the next year, does it provide any additional benefits?
It surprises me too that individuals can go as far as to make these over-exaggerated promises, so lets take a look at what FX News Robot is really all about and what it has to show for.
How Much Is It?
FX News Robot really is free to sign-up. But once they get your information, you’ll then be required to make your first $250 deposit to begin trading in the market; a piece of information that all of these products tend to leave out.
Therefore, simply registering for FX News Robot will not allow you to use their so-called Forex Trading software, without making regular deposits. This money will then be taken by the software and dispersed into trades so that hopefully, you can earn some money.
FX News Robot Software – Does It Work?
In order to get started with FX News Robot, you only need to take 3 steps.
#1. Get registered
#2. Make a $250 minimum deposit
#3. Allow the software to auto-trade for you
Despite these very simple steps however, the real question is really how effective is this software? And to be honest, this software is nothing more than a piece of code that takes your money and disperses it into any random trade. That’s literally all it does and should come as no surprise as to why so many end up losing their first minimum deposit on their first trade.
The simple fact here is that no software or individual for that matter could ever predict in which way a trade might go. It doesn’t rely on any historical trends and as a result, is nothing more than a 50/50 guess. There are only two directions in which a trade could go – up or down. If the software makes the correct guess, you earn money. If it doesn’t, you lose your money.
I find it very ironic that FX News Robot makes this impression that we’ll be making so much money with the software, when in reality were at a risk for a huge loss as well. Even if the chances are in our favor one day and we end up on a winning streak, we’re likely to lose just as easily the next day.
This is one thing that no binary or forex product I have seen on the internet has ever made people aware of. Not only that, but all these same exact products like claiming their “software” is free. The reason for this is because it doesn’t work. It doesn’t do anything beneficial for us but raise our hopes and promises to the sky.
FX News Robot Red Flags
Some of the red flags that are very apparent within FX News Robot are:
#1. Fake income proofs
#2. Promising we can earn $15,000 in our first month
#3. Widget showing $75,000,000 already earned by members.
Do me a favor, and don’t believe either one of these. Don’t even look into it. Look the other way, because I promise you that no good will ever come out of using this. There is no “fully automated” money making software online. In order to make money, you need to first find something legitimate and work hard and FX News Robot simply does not apply!
That doesn’t mean you can’t make money with Forex Trading. It most certainly is possible, but coming out with any profit always seems to be a difficult task. More importantly, using this software is more than likely only going to hurt your chances.
The only reason FX News Robot was created was so that these individuals earn a commission off your $250 minimum deposit. That is the only reason. Otherwise, they’d probably be using their software themselves to become the next online millionaire.
FX News Robot Overview – Yup, Just Another Scam!
It’s really unfortunate to see how prevalent these binary and forex products have become in the past year. These individuals have simply found their own little loophole to exploit individuals who’ve never even experienced trading before and for those who’ve struggled with binary options. Unfortunately these completely fake softwares are legal despite the fact that they never work and do no good to the user. The only thing these softwares or “robots” are capable of doing is auto-trading for you. Nothing more, nothing less.
The best thing to do is ignore FX News Robot. If you want to continue trading, be my guest, just be careful. I know how easy it can be to lose in the trading market and really don’t recommend it. I’ve found it to be nothing more than a 50/50 gamble whether you’re trading as an individual or letting some software do the work. Personally, I would recommend taking the legitimate route to making an online income. Something I can’t recommend enough and something you can definitely learn more on, by clicking the link below.
Thanks for checking out my FX News Robot Scam review. If you have any comments or questions, please leave them below!