There are tons of websites which claim to be able to solve your online trading woes with a simple to use automated trading software. The question is, how good are they? For all that we have reviewed, we have yet to see a website that actually delivers what thy promise. The Black box Robot review is going to focus on one such website which does the same. Does it work? Well, let us find out.
While you will find websites which claim to use an algorithm to check your trading strategy, these people go a step further. What they apparently do is combine a lot of different algorithms into a single platform in order to arrive at a decision. We cannot start to say how wrong that sounds. First off, combining different algorithms might not be unheard of, but indiscriminately throwing in a bunch of them does not work. Which is exactly what these guys have done, giving us or first clue that this might be a Black box Robot scam. They claim to combine RSI, MACD, Bollinger Bands and Price Action altogether. Any one of these might have been good enough on its own, but combining them meant a simple fake strategy. They go on to further say that the whole thing works on probability.
While this might not be such a big problem in the real world, the thing is that these people are operating an automated trading website. This means you have no control over what is happening behind the scenes. Add to it the fact that they are not a licensed brand. This means that the brokers they are associated with might be licensed, but in case there are any problems, they would not be held accountable. A very nifty trick, as we noted in our Black box Robot review, to escape problems.
Let us come to the next problem. What they say is that all their brokers are registered under a variety of different regulatory bodies. All that might be great, except that they are employing brokers with a known record of fraudulent activities. We went through the list and what triggered our Black box Robot scam flag was the association with Banc De Binary.
Ask anyone in the professional trading community and they will tell you how they avoid this broker for any trades. The reason is that it was blacklisted under US laws and has already been asked to refund all customers for fraudulent activities.
No One to Vouch
They claim to make no false promises and provide no fake testimonials. A very novel step, we must admit. However, they could have provided us with some authentic testimonials, instead.
Having no testimonials can easily be attributed to having no customers in the first place, or having only negative ones. In fact, negative reviews are exactly what we encountered with a simple online search for our Black box Robot review research.
The Frequently Asked Questions section deals with a few answers you are bound to ask.
The first thing that they go on to address is the fact that they are not going to provide any guarantee for your trades. This is simply idiotic. If they are not going to provide any kind of assurance regarding the profits earned, why should one opt for an automated trading portal in the first place? The Black box Robot scam tries to cover its tracks too well and instead, falls into its own trap here. This essentially boils down to a simple fact. If you wake up one fine morning and find all your money in the account gone due to a simple ‘wrong’ trade, you cannot take any legal action against the website. After all, you are the one who took the risk knowing everything.
Even better is the fact that they go on to use terms that they have no idea about. We found in our Black box Robot review that these guys use reverse trade when they want. They do not outline any situation where it is used, nor do they show any algorithm which could warrant its use. In fact, they almost seem to be very casual about the whole process where reverse trading is one of the most delicate kind of trading options online, and if not handled with proper care, can backfire very badly.
The risks are, in our opinion, worse than what you are likely to face on any professional trading website.
They clearly state that you may lose all your money in choosing to trade with them, and should only invest the amount you are comfortable with losing. Why should we invest with them, in that case? Better doing the whole trading by ourselves. If the fully automated Black box Robot scam does not give any guarantee that your money would be in safe hands, why would you want to invest with them in the first place?
Even better is their disclaimer. As we noted in our Black box Robot review, they state that their website might not be free from virus attacks and that they are in no way responsible for any harmful action resulting from that. This is a professional trading website we are talking about. This simply goes on to show that they do not have the proper security protocols in place for handling such financial assets. Thus, not only is your deposited money at stake, you credit card details and other personal information might be too. Are your really comfortable in investing your money with traders who cannot even guarantee this much? We would rather advise you strongly against choosing the Black box Robot scam.
Black box Robot review – Conclusion
In the end, while the decision to invest lies with you, our point would be to choose a better website. After all, it is your money and your personal information at stake here. Opt for a proven online trading portal instead of fraudulent ones like these. While you will not be told that you can do it automatically, you will actually learn to trade in the process. You can always check out my YouTube channel, click here for direct access.
- Rated 0.5 stars
- Black Box Robot
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