The so-called MoneyBot trading software is yet another trading system that claims to posses a unique trading algorithm and core. Of course, one cannot take such claims at face value.
If you want success with online investments, you should always investigate. Otherwise, if you believe everything you are told by the promoters and presenters of trading robots, or what is supplied as information on the website, you will always fall victim to a scam. Don’t have the time to investigate yourself? Reviews like the following on the MoneyBot aim to help you get a clear picture of the trading system in question. After you read it, you might be able to make a better final decision.
What Is the MoneyBot?
MoneyBot offers assisted investments online. Unfortunately, I could not find any information on the creators, apart from the fact that they are a group of finance and trading specialist. Information, which cannot be confirmed in any way.
Review Verdict: MoneyBot Is NOT Safe
The MoneyBot would work in the background, once you activate the software. You supposedly follow other traders, who have a success rate of around 60%. I cannot guarantee that this is the winning ratio offered by the system itself. There is no way to confirm it either.
Main Drawbacks of Money Bot
The creators of MoneyBot have not provided sufficient information on the background of the system or how it would operate, apart from stating it is fully optimized. Also, its results and profitability have not been confirmed and verified by third-party traders.
Review Verdict: MoneyBot Is NOT Safe
But probably the biggest disadvantage of the MoneyBot is the lack of diversity. You are forced to sign up with only one exact broker. This is a reason to worry. It is very suspicious for a robot to support only one broker and this should raise questions.
How Does MoneyBot Work?
The trading software offers three types of strategies:
- Conservative Strategy – if you choose this option, MoneyBot will place 3-4 trades four times a day, which is an average of 16 trades per trading day. The risk is low and the profits would be proportionally small as well.
- Optimal Strategy – up to 4 trades will be executed six times a day, which equal up to 24 trades. This strategy carries moderate risk and there is a chance for higher profits.
- Aggressive Strategy – up to 4 trades will be placed 11 times a day, meaning the MoneyBot will make up to 44 investments in one day. The risk is very high and this is a strategy that is not recommended for people who are not ready to face significant profits.
Even though MoneyBot is said to monitor and analyze over 300 tradable assets, it will invest in just 90 assets. This greatly limits opportunities for making profits.
Overall Impression
I am conflicted in my opinion of the MoneyBot. There are a lot of things that made me suspicious of the trading software. On the other hand, its creators have been humble and did not make any far-fetched claims. My advice is that you proceed with caution. It is wiser to join an already proven to work robot.
Review Verdict: MoneyBot Is NOT Safe
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.
