Social Media is the big phenomenon of the new century. This is the basic idea behind iFollow Club. People are always connected, can see what someone is doing with the simple push of a button. It is only natural that the Forex industry is also marked by it. Some brokers offer the special feature of social trading platforms. Some systems also market themselves as such. But can you trust them?
Ifollow is the new Forex software which is said to be a social trading platform. And it is a complete scam. Keep reading my short review to understand my reasons for this verdict.
Review Verdict: iFollow Club is a Scam
iFollow Club – Anonymous and Unexplained
The video the creators of iFollow have made for you starts the moment you open their website. For objective reasons, I will not provide you with a link there. I do not want you to go in the directions of scammers. Still, if you are so curious you can find them on the Web. But do not trust a single thing on their website.
The video consists of stock images and animated graphics. It tells you the story of one David Reed – a successful investor the likes of which you will be able to follow if you sign up for the iFollow Club. Even if such a person did exist, his story involves buying stocks.
If you know even a little about Forex trading you know that there is a big difference between traditional investments and CFD trading. With Forex, results are evident instantaneously whereas with buying stocks and shares you can decide to hold on to them for as long as you want.
So even if you follow said, David Reed, nothing guarantees you that you will profit from that, because the mechanics of executing traditional and Forex trades are different.
Another thing that raises suspicion is the fact that we are never told the name of the creator and nobody shows us how the platform actually works. Why would anyone offer their strategies and tactics for free, if they can make double the money they are already making by selling those strategies and techniques?
iFollow Club Has No Real Proof of Authenticity
You can find some users’ feedback provided on the website of iFollow Club. The testimonials are fake. I have always wondered why scam brokers and scam systems show as a proof reliability and profitability fabricated statements.
If they are truly what they claim, they should be able to show us some legitimate evidence of authenticity. Instead, scammers like iFollow Club try to sell traders lies and pay Fiverr actors to record fake testimonials.
Further down you will come across a Twitter feed. It is also fake. You cannot click on the usernames. That is because such people and their statements do not exist. For a system that claims it is a social Forex trading platform, iFollow Club fails dramatically to incorporate social media into their plan to scam you. And thankfully.
iFollow Club – Dubious Promises and Dubious Members
The game of this social trading platform is the promise that you can connect to a successful trader and mimic all of his trading decisions. Scam systems such as the iFollow Club usually create fake “investors” which will lead you to lose your money, while the software gains in profits from people’s naivety.
Another trick they have employed is the fake exclusivity of the platform. It is supposedly “invite only” and if you check how many invites are still available for purchase, you will notice a countdown. When it reaches 1, it stops with no consequences whatsoever. While you keep the pop-up closed, the countdown pauses and resumes only after you click it again. This is despicable bullying and you should not fall for such cheap tricks!
iFollow Club is a total scam. You should not event consider joining a shady scheme like this one, because the only ones that are going to be getting rich are the scammers who are behind this fraud. If you browse the Internet, you will notice other people supporting the exact same opinion. If you are smart you will never join a social trading platform that makes huge claims but tells you only lies.
Review Verdict: iFollow Club is a Scam