I suspected the Auto Money Maker trading bot would be a bad product when i first heard about it because it looked similar to a scam product called the Auto Money Machine. In fact this system is an exact copy of the Auto Money Machine System that ripped innocent traders of their hard earned money. However we went ahead to fund a broker account and used the software only to notice it’s all bullshit. All these I’ve done so you won’t fall a victim to this Auto Money Maker scam being advertised to the novice traders!
Summary of Auto Money Maker (Automoneymaker.co)
- Rating: 1/5 so this tells you one thing for sure, and that is this software is not for you if you want to earn fast.
- Pros: There’s none.
- Cons: The review will reveal all the cons that you need to know
- Our recommendation: The smart approach will be to opt for other software rather than investing your time and money on this software. Proceed to safety see our list of Top rated Binary options Robots for successful binary options trading.
Excelling in the field of trading is no easy job. However, some people are always on the hunt for shortcuts to make in some decent amount of money. Thus, they end up making the worst decision, and that is opting for automated trading. Nowadays you will come across many different automated software scam. One such scam is Auto Money Maker(AutoMoneyMaker.co). The review will reveal the reasons why you need to avoid this software under all circumstances. Now let me give you a background of this software first. The creator of Auto Money Maker is Arthur McCool. Let us start unveiling the real facts about this software.
Auto Money Maker – Scam Busted
Well, when I watched the video of Auto Money Maker they showed a quite grand background. Now what I feel is that this was an attempt to pull you into a dream world and to make you believe that if you opt for this software then you can be rich too.
Though it is a very different marketing strategy, it still does not work with a professional trader like me. I do not get overpowered and neither should you.
Can you make 765.25 $ a day
Now I have to pass my judgment. This is impossible to make 765.25$/day using Auto Money Maker. However, I know the psyche of new traders and I know that they do get carried away by this thought. I can just say one thing that if you try hard you can become a successful trader, but you will never become a millionaire overnight so if someone is trying to convince you of this then they are keeping you in the dark and you need to be aware of this fact.
Now there was one major flaw in the sales video they did not discuss any features about the software. Everything was mentioned verbally. Well, this does not work in the technical world because you need proof. Most software sites show you a demo of the software, but when you will view the fast cash biz video you will notice that the demo is missing, so this also creates the element of doubt, so you have to make your decision wisely.
How Old is Auto Money Maker
A check on who.is website information reveals that the official website of this Auto Money Maker scam was registered barely 2 months ago. This totally contradicts Arthur’s statements that the Auto Money Maker has been around for a very long time. By doing this, the owner is trying to make it seem like the software has been in use for a long time and that it has been proven to work well. Too bad the truth revealed itself. With this fact in mind, it could only mean that even the Auto Money Maker testimonials of how traders have used the system for a long time to make profits are all fake and bogus.
Auto Money Maker -The unanswered questions
Now, when I looked at the video I wondered how it operates do they have any autopilot button. The other question that came to my mind was what is the actual procedure of using the software. All these essential details are missing. When you do not get the answer to your questions, this can surely drive you nuts. They did not mention the deposit amount either.
The video does not even reveal the broker that is associated with the software, and all this can be quite frustrating because you will be simply clueless about the software. Obviously how can anyone opt for software without knowing these essential details? The biggest risk is that if you end up depositing a scam broker you will be ripped off all your deposit.
Abrupt website design
Now the website design does leave in an impact. Now when you look at the website, it does not have a professional outlook. A well-designed website has proper widgets, but all these elements are missing in the website of Auto Money Maker. Now another important element is the customer support. When the facility of live chat is available, then you can communicate with the support service. All the details are not there with Auto Money Maker so in case you have any questions they will remain unanswered because the software is not offering you an adequate support.
Mechanism of the software not revealed
Now most sales videos for binary options trading software-discuss the algorithm that is used. However, when you look at the sales video of Auto Money Maker, then you will not find any discussion on the algorithm. This increases the doubt as well.
How should you judge Auto Money Maker(AutoMoneyMaker.co)?
Now if you still think that I am bias then let me tell you how you should judge this software.
- Does it offer any tutorials and the answer is No
- The software does not even offer any demo. When a software offers a demo, it at least gives you some idea of the software, but, in this case, there is no such help available.
- The software lacks credibility and transparency. If you have gone through the details above you will realize that credibility is established when vital details are revealed. However, it is a different scenario with Auto Money Maker software.
Review Verdict: Auto Money Maker is a Scam- Stay Away!!!
How new traders should choose software?
If you are reluctant to opt for manual trading and want to take a chance with trading bots, then let me guide you a bit. When you opt for an automated software, check the website first. If the website is complete and has proper widgets like help and service details, then you can explore it further. The best software is the ones that offer you a free version as well along with a paid version. The customer support should also be there to answer your questions. The most important part is that you should not be compelled to pay a huge deposit.
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Another important aspect is that the feature details should be there. As a new trader, you should be more inclined to know how you will improve as a trader by using the software rather than just making a massive amount of profit. When you are a skilled trader, then money will be coming to you effortlessly. Auto Money Maker is not the recommended option and do not be lured by the glamorous testimonials presented in the video. You can only earn your bread when you work hard for it, so it is a big no to Auto Money Maker.