True or False
The features mentioned above are the major reasons why a trader should sign up to the software. They are the marketing pitches which the software is using to convince traders. A deep research into the software as promised in the beginning uncovered the following facts.
- Free Software
Well, the registration process might be free but the software is not actually free. Even though the registration process requires that you provide just a valid email address and your name, you must select one from the brokers on the webpage and pay the $200 minimum deposit before you can actually use the software.
- Confusing Winning ‘Rate’
The actual success and winning rate of the software is a bit confusing. It is claimed as 70% at some stages in the marketing process while, in others it is claimed to be 60%. Although both do not seem unrealistic as is the case with other scams, which of the two should one select for the purpose of his investment planning? Success rates are vital factors when experienced traders are planning their strategy and end goals.
- Layman Guaranteed Earning
The software promises you great earnings even if you do not have any knowledge or experience concerning binary options trading. It claims that this is possible because as an automated social trading platform model, the software copies the trade moves of expert traders and executes same on your behalf. Does that mean that you just sign up, go back to sleep and expect definite profits when you wake up? Anyway, you really need to wake up here.
- Website Category Pages
There are several category pages on the website. Some that are necessities when it comes to business website are included to create an appearance of legitimacy. But during this research some red flags were noticed.
- First, the pages were all written by a person who does not speak English as a first language. The writer who must have English as a second language did not sit down to learn it very well. The pages are poorly written with many grammar and syntax errors.
- Second, the “About Us’ page contains a ‘How It Works’ section. This research discovered that with all its wordiness, the page said nothing about the creator(s) of the software. The section gave no inkling whatsoever as to how the software actually functioned. Nothing was said about how its algorithm works.
- Lastly, there are many contradictions throughout the pages. You read a statement on a page only to go further down to discover another statement contradicting the first one. How do you explain claiming a success rate for traders only to go a bit further down on the same page and say a trader’s next bet will surely win should he lose any of his bets? What does one actually interpret from such a sentence? I will leave you trying.
- Unverified User Testimonials
All the user testimonials on the software’s website are unreal. None of them is actually verified. This research discovered that the images posted in relation to the given testimonials were all taken from around the internet. The first photo as discovered by this research is of a man who leaves in Russia. The second is that of lady who is named Louise Glover. A research of both identities discovered that they have never had any dealings whatsoever with the autogain software. If the testimonials were real, true and legitimate, the software owners could have at list linked their names to their social media accounts. This move would have served as a viable means of verification.
- Fake Trading Outcomes
All the results of profitable trading accounts that were on display on the website are Fake. With a double claim of 60% and 70% as gains at different levels of the system’s marketing, the supposed win rate is very doubtful. What then will be the actual win rate of the software? Since profits come in the long term sometimes in binary options trading, such doubtful claims could mean real loses for a trader in the long term. There is no means of verifying any of the trading accounts being paraded on the website. If the creators of the website were sure that the trading accounts displayed were real and belonged to their members, then they would have provided a means of contacting such members. That would have been a way for verifying the accounts by contacting such members directly.