Name: Robot FX
Price: $19.99 per month
Type: Binary Options & Forex Trading
Rank: 10/100 – Scam
What Is It?
Robot FX is a completely auto-trading software compatible with both binary options and forex trading. It tells us that the profits are not only guaranteed but the software does all the work for us. It claims to have a 93% win rate on the trades it makes and that close to 30,000 licenses have been sold.
But, are these claims true and can you really make money with Robot FX? By now we have seen hundreds of similar type products, particularly within the binary options industry. A lot of them make the same exact claims and that their software just so happens to be the next best thing. The Robot FX website even looks kind of legitimate at a second glance. However, I don’t think you should trust this software one bit and I’ll explain why.
How Much Is It?
The first thing that actually makes Robot FX feel more legitimate than other products is the simple fact there is a monthly fee associated with it. Oner 90% of the binary option products I’ve seen always try and claim that it’s free. In this case, you are instead
required to pay $19.99 a month.
What happens with the “free” binary option products is that you are not actually being told you’re required to make a $250 minimum deposit to begin trading. Well the same thing holds true here as well. You’ll be required to pay $250 upon using the software in order to begin trading.
From there, you simply let the Robot FX auto-trading software go to work for you. In-fact, Robot FX even has a free version with zero difference than the paid version. The only difference with the paid one is the fact you are being recommended a certain broker. Upon registering with that broker, the owner of Robot FX makes a hefty commission. So really the paid version, is a lose-lose scenario.
Does The Robot FX Software Work?
The simple answer here is no, not in the slightest. The Robot FX can not predict forex trading signals as these guys claim. There are so many products that try and make these same promises, but the reality here is that no binary or forex software has ever been able to do this and Robot FX is no different. If that were the case, these products would not be offered to the public and there would be no such thing as forex trading.
The product furthermore claims you can be earning anywhere from 150 to 350 dollars per day. While these aren’t some of the more exaggerated income claims I’ve seen made with these products, it’s still not something you should buy into. The reason why is that they don’t tell you, that you can also lose 150 to 350 dollars per day just as easily.
Forex is like a 50/50 gamble with trades that only go in two directions. If you call or put correctly, you make money. But make the wrong guess and you lose everything. That is why they try and tell us that the software is capable of a 93% accuracy rate in its predictions. But let me tell you something.. Forex and binary trading does not rely upon past historical trends, such as stocks do.
They really don’t rely on anything so the only thing this software can do is take your money and randomly disperse them into trades. I have never seen a “robot” or “software” benefit anyone that’s been in binary trading and it is more than safe to say that Robot FX is nothing more than another forex product scam. It’s actually very easy for these guys to lie to us by telling us that this is some extravagant software created by some financial brokers with some fancy algorithm. Don’t believe them for a second. In-fact, just look the other way. It simply does not work.
Robot FX Overview
Despite this product attempting to look more legitimate than a lot of other binary and forex trading products I’ve seen, Robot FX cannot be considered a legitimate method to making money or helping you with your forex trading. I find options and trading to be very difficult, and to depend on nothing other than chance.
In my opinion, you could be spending your time and money better elsewhere. Take affiliate marketing for example. This is a method I’ve been using for years to make money online. It’s helped a lot of people who’ve struggled with binary options and forex trading make full-time incomes online. I recommend it more than anything and hope you can avoid scams like Robot FX that is really unable to help in anyway possible.
Thanks for checking out my Robot FX Scam Review. If you have any comments or questions, feel free to leave them below!