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Automata FX Review: Is it a Scam?

Automata FX Review: Is it a Scam?

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Automata FX (Automatafx.com) review is out after they claimed making a 300 percent profit. With online scams taking advantage of the lucrative trading world, investors need to be extra careful. The problem with this platform is that they claim to be fully automated. There has been no proof of the concept that the robot does makes this profit statement. And this is the reason why we conducted this AutomataFX review. Find out more about what the managed account platform offers.

Automata Review

About Automata FX

The banner on their homepage screams that this platform is five years old. They also ensure that users know that the platform makes an expected ROI of 300 percent. Before jumping ship and signing up with the platform, there are a few things to point out. The website looks professional, but they have juggled up the information. Navigation is far from easy as the information posted is enough to bore viewers. And this is a minus for them as visitors will not get the full report at once.

There are better and transparent online trading tools with a proven track record. These tools offer the best form of trading as they protect your investments. They are what successful traders use as these robots have a recurring user base. With safety being a priority, investors trade, knowing that their finances are in good hands. It is time to switch to commendable forex trading robots that are backed by experts. These robots offer the best in terms of trading to users. Ensure you sign up with tools that have the backing of the trading community.

Before signing up with the platform, users should note that the platform has a required minimum deposit of $5,000. They offer three types of trading services, managed accounts, independent strategy, and institutional trading. The platform claims to provide fast-tracked managed accounts or Guaranteed Managed Accounts GCU. It seems that the platform is targeting a particular class of investors. The price to sign up is not welcoming to a newbie investor who is looking for an affordable trading tool.

Assets covered by the platform

Information on the assets covered by the platform is missing from the website. And this is a huge problem considering that the platform is not open with their assets. Investors are signing up not knowing the currency pairs available or the assets the platform trades with. It would be better if investors had an understanding of what the platform offers to the public. Without this valuable data, investors are left to guess whether the platform is legit. The platform would have quickly posted information on Bonds, Forex, Stocks, or even Crypto assets.

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Business owner

Global Profit Technologies Inc is the company that is named as the owner of this platform. Where the company is located remains a mystery as there is no information on this. And this leaves a considerable gap to fill in terms of transparency. The vendor should be open to where the platform operates. There is no credibility in terms of their trading background and history. And this is where we start getting jumpy with such products. They should be transparent as possible with the services offered.

Comments from user

Automata Platform

There have been varying comments from users who have tested this platform. Most are unhappy with the fact that the expected ROI is not reached. They expected a huge profit margin of 300 percent, which did not materialize. And this is why we have to insist on users being more careful with the product. Others have claimed that withdrawing funds with the platform is not as easy. Most of their social media profiles are inactive, and they fail to update any messages on them.

Domain insights

A look at their domain information shows that the platform was registered on 5th January 2015. They have been in the online trading world for five years. Being in the online industry for over five years should warrant some form of recognition from investors. Most of the trading forums and communities have not heard much interaction with the vendor. It means the platform is not able to keep up with the growing demand for quality trading tools. And this is where they start losing marks when it comes to online trading.

Features of Automata FX

They claim that the 4X-DAT trademark operates the platform. 4X-DAT is the world’s first fully automated institutional level trading software. It is available for retailers, and they claim it is a secret weapon for novice traders. They claim that their platform offers pre-loaded strategies available. Users also have the option of creating their strategy using this platform. The growth in their GCU accounts is not yet proven, and we believe this is a marketing strategy. Investors should be careful with such statements that at times mislead users.

License and registration of Automata FX

Automata FX is not licensed or regulated by any American regulator. They don’t have the permit to offer their trading products and services to the general public. With all their intent to help traders win, they fail to get a legit working license. And this points to a vendor who is not keen on protecting the interests of clients. With over five years of trading experience, they should by now be applied for a license. There is no information on their website regarding their license status.

Without a valid permit, it means that the vendor does not guarantee the safety of funds. Once you deposit funds with the platform, there is no money-back feature. And this makes it a massive problem as investors are unable to recover funds. No recovery agent will be able to recover funds from an unregulated platform. Regulators in the United States all claim that they have no idea that the platform exists. And this points to a negative picture in regards to this trading platform.

Pros and Cons of AutomataFX

Available Accounts

Automata Trading Accounts

Automate FX is furnishing users with four account types to choose from. The four accounts listed include Standard, Executive, Advanced, and VIP. There is no quoted minimum acceptable deposit on each account type. The expected ROI with each account type is 22, 50, 71, and 93 percent. Other notable accounts include institutional accounts where investors must deposit $250,000. For expert traders, there is an independent strategy plan, which also goes for $250,000.

Contact and support

When it comes to support team, the Automata platform also does a shoddy job in trying to offer email services. In today’s world, live chat is the best as users make direct contact with the vendor’s representative. The problem with emails is that the platform might take ages to respond to essential queries. And this is why it is best to confirm that a vendor will be able to react quickly before signing up. It is the main reason why we insist that users should be extra careful with this platform.

Trading results and strategy of Automata FX

Another problem with Automata FX is that they offer no valid results. There is no proof of the concept that the platform does indeed reach the 300 percent ROI. And this is a huge problem for investors. Without verified results, all they are selling is a simulation of expected ROI. They even fail to offer charts or tables to users. The platform should have done better and posted their results on FX Blue or myfxbook. With verified results available for all to see, it would have been easy to recommend the platform.

Scam or legit Automata FX

Automata FX is an account managed platform that is unclear on what their trading proof of concept. They remain to be a big if since there are no verified results on the homepage. We have seen no evident testimonials of users who have won with the platform. Those testimonials posted on the site could not possibly be from valid clients. It seems that the vendor has posted these reviews. There is no clear way of proving that the viewers have won with this platform.

Bottom line

We will not be recommending this platform until they prove that their concept works. They must post their results for all to see.

Become a successful investor and go for affordable forex trading robots. These tools offer the best form of service to investors. What are you waiting for? Sign up with credible trading tools that protect the interests of investors. With the safety of investments being a guarantee, this is possibly the best option when it comes to online trading.

 

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One Reply to “Automata FX Review: Is it a Scam?”

  1. So,in your opinion,what are the best trading robots to use,and do you gain finacially if I use any bot you have recommended ?

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