RefFeed is an automated trading system that makes use of data from social media such as Twitter and Facebook to generate trading signals introduced by Mr. Jason Clark. According to certain claims, the software searches for relevant keywords that include big publicly traded companies to predict the movement in price for stocks and assets.
The developer of the system has also made claims that the software has an accuracy rate of 87%. He guarantees that anyone who uses RefFeed will be able to generate $1492 in profits every day. The claims and promises sound great and anyone would be tempted to try this system out after finding that it involves no monetary risks.
But are the claims really true? Does this software really work to help traders meet their trading goals without them risking anything? To find out if RefFeed is a legit solution or not, I conducted an in depth investigation into this software. In this review, I have presented my findings in detail and made my conclusion regarding the legitimacy of RefFeed trading system.
What is RefFeed Trading System?
The RefFeed trading system focuses on executing financial operations in fully automated mode on behalf of its users.
Basically, it means that traders who sign up for this system don’t have to do anything other than customizing the settings of the software. Traders also don’t have to be in possession of any trading skills, knowledge or experience in this area. This software harvests data from social media feeds and makes trading decisions.
Review Verdict: RefFeed Is Scam
But my investigation indicates that this software makes use of unethical marketing techniques to attract the attention of traders. By making bold claims, it aims to get traders to sign up for the software and deposit funds with an unreliable broker.
Today, Twitter is not only a site where users can post about what they are doing or have seen during the day. A number of financial companies and hedge funds are also making use of the site to look for information that can assist them in the profit generation process. When these companies and groups are able to find out what the majority of people are thinking about a particular publicly traded company, they can gain an edge over their competition which can also help them towards making the right trading decisions and choices.
How Does RefFeed Operate?
There are only claims that the software makes use of social media feeds to analyze market conditions and make predictions about the movement of prices. But how it actually does that has not been explained. Since the software is fully automated, traders can leave it to work for them. But my experience tells me that this kind of software should not be left unsupervised because they can easily and very quickly drain traders’ investment funds.
Traders must always find out how a particular software works and what algorithms and technology it makes use of before signing up for it. The RefFeed trading system does not have a proven success rate, so I am unable to believe what the developer has to say about its performance and operational mechanism. It most probably is a scam that traders must be aware of.
If you truly are interested in the field of online investments on autopilot, then sign up for an already tried and tested system. My top recommendation at the moment is the automated HBSwiss software.
RefFeed Trading System – Is it Reliable or Not?
I have taken a look at how RefFeed trading system actually works and I have also looked at what past traders have to say about it. Based on what I found and experienced, I can say that RefFeed is not a reliable trading solution.
There are many complaints that have surfaced on the Internet regarding the performance of this software. Traders have been complaining that the performance is extremely poor and even if they manage to accumulate profits in their trading account, the broker makes it difficult to withdraw the funds. Their selection of brokers is also not good because all of the brokers connected with this software are either bogus or have a poor reputation in the industry.
When I tried to verify the identity of the so-called developer and CEO of RefFeed software, we found out that he does not exist. The person playing the role of Jason Clark is actually a paid actor. I have seen him promote many other scam systems in the past.
Having enough evidence that RefFeed has scam connections, I can confirm that it is not safe to invest with this system.
RefFeed trading system has nothing new to offer to its users. It is a rehashed version of an old scam that I advise traders to stay away from. There are no innovative features and the software also has a poor performance.
Reports suggest that many traders have lost their investment as a result of using RefFeed. So if you are looking for a genuine trading system that will actually help you earn profits, then RefFeed is definitely not for you. Traders will be much better off without this bogus system.
Review Verdict: RefFeed Is Scam