What is “Make Money Robot” about? Is it for real, or is it some form of online scam designed to sucker you from your money? Sounds too good to be true to me.
Read on to find out the truth….
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Company Name: Make Money Robot
Owners: Michael Williamson
Price To Join: Free To Start + Investment
My Rating: 2.5/10
~ The “Make Money Robot” Review ~
What Is “Make Money Robot”?
If you are looking for software that can help you make money with binary options, then that’s what Make Money Robot has been specifically designed for.
The maker claims that users will be making money from day 1, up to $1586 in fact. It’s an unusual figure to come up with, but big money for the very first day nonetheless.
Of course, with all these types of trading systems there is also the chance of losing big as well, as it’s akin to gambling. While you may make a killing one day, it’s just as easy to be a big loser the next.
When you go to the official website for Make Money Robot you are greeted with nothing more than a sales pitch video, which always immediately arouses suspicions with me. Reputable software or programs from a company that truly believes in its product is generally way more open about sharing information about itself and its brand.
Basically what Make Money Robot is designed to do is to follow the trading signals for you when trading binary options and make trades on your behalf. The creators of software such as this one always claim it will make you money, but there is never any guarantee of that and no software manufacturer can make that claim in all honesty. Forex trading is risky, and anyone with experience will tell you that. An automated robot placing trades for you may make life simpler in a way, but it certainly can’t guarantee positive outcomes and you are actually less in control of how your money is being invested.
Would you trust a robot to make other decisions for you in life? If the answer is no, then why trust one with investing your money?
The testimonials used on their website make use of paid actors from Fiverr. Just go to Fiverr and you will see familiar faces that are used in many sales videos for various online money making scams. It’s common practice and it’s highly deceptive. The Facebook testimonials are also bogus. Another common theme amongst scammy programs.
Who Is The Target Audience?
Make Money Robot is really designed for those who are beginners in the Forex market and don’t really know how to read the signals and make possible winning trades. It was also created to run on autopilot so you don’t have to be monitoring the trades and market day and night yourself.
The Pros
- The idea of automated trading and making money on autopilot is an interesting one.
- You can use the software for free for the first 90 days. After that a broker’s fee applies.
The Cons
- The limited time offer urgency ploy to get people to sign up before it’s too late. It’s never too late. Would they really want to turn paying customers away?
- Red flags, including the paid actors in the videos and testimonials, the high claims of money to be made and how easy it is, the urgency ploy mentioned above.
- The website contains no information on it other than a sales video.
- Trading binary options is risky and no automated robot can guarantee you will make thousands in profit per day.
Tools and Training
There is a little, but these programs are generally more of a learning curve for the beginner and it can often be a case of trial and error. I could be wrong, but I found no demo version of this software, where you can practice making trades with the software using dummy money first until you get the hang of it, rather than risking real money from day one.
How Much Does “Make Money Robot” Cost?
The software is free, but you will need to put up a minimum amount for investment to start trading. How these systems make their money is on the brokerage fees, which come into effect 90 days in with Make Money Robot. Or so they say, at least. At the end of the day the real cost for using this software is entirely unknown
Is “Make Money Robot” A Scam?
A lot of people across the globe label Make Money Robot as a scam. For me, it’s hard to say, as this sort of trading – especially on autopilot – is a highly risky venture whether a scam or not. I think programs like this always skim money from the system or even sometimes show false signals designed to entice people to trade. As soon as the trade is placed, the marker suddenly swings in the opposite direction, taking your money in the process.
I would stay away from Make Money Robot and anything that promises big money completely on autopilot. If you want to get into trading Forex and other options, really do your homework and learn as much as you can about the industry first, then find a reputable brokerage firm to team up with.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
My #1 Recommendation
I’ve traded Forex in the past and, while it’s very interesting and can make money, it can also be extremely stressful as you are essentially gambling with your money.
These days I prefer affiliate marketing and have managed to establish a healthy and profitable online business that continues to grow month after month.
I discovered all I know through doing the awesome training at Wealthy Affiliate, and best of all, it is FREE to get started. If you would like to have a successful affiliate marketing business yourself, go on over to their website for a look around. Takes under a minute to create and account and no credit cards are required.
It’s a lot less stressful than trading and you can establish a genuine long-term online business. Check out my review by clicking below.
Darren Burton
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Hi there Darren,
It is a shame that these software based auto trading robots exist as forex is a 100% bonafide legit way of making a living. I know many people who earn their money that way but by implying a strategy and not by means of using software. You really need to know what you are doing.
That’s exactly right, Derek. People need to know what they’re doing to make money trading Forex, as these automate software systems I don’t think are really the best way to go about it.