Profitsbots.com is a website that claims to help low income people earn money with really affordable entry package. They claim that when you join Profits Bots, you will earn passive income without recruiting anyone because the owners of the website have created two bots, one for trading in the casinos and another one for trading the Forex market place. They also claim that Profits Bots creators are intending to develop two other bots that will trade binary options and Crypto currencies.
The story behind the owners of this website is quite funny because for one, they claim that they are professional IT experts who don’t need an office and have no need of revealing their identity and that despite this, they can still be trusted with investor funds. They tell investors that the minimum that they can invest is $10 and the minimum for withdrawing funds is $10. They state the following on their website:
”Our plan is very simple, we have the software and our members have the funds that allow us to invest and earn a nice ROI for you and for us, it’s the perfect combination, you earn, we earn and everybody happy! There are only a few steps to get everything up and running.” In terms of how investors deposit funds, they give information as follows:
”Choose which bot you want to invest your money in, and withdraw your earnings twice a week or as soon as your investment expires.That’s all.” They also tell us that their back office does the following tasks:
”Apart from that, in your back office you can track all your transactions, your earnings, the performance of your personal bot as well as the performance of your direct referrals bots, so you know how much they are earning and you can calculate how much you are going to get in your Matching Bonus. Let financial freedom begin!”
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From what we can see, this is definitely a ponzi scheme. There are red flags everywhere and you don’t need to doubt one bit that these people have made up stories and are not really investing in the Forex market place. If you want to invest, you should be putting your money where it matters. You should be using the right tools to invest your money.
The first thing that we wanted to find out is the exact names of the operators, their location, their experience and other things pertaining to their expertise in what they claim to do. They are claiming that they are IT experts operating anonymously. If that is the case, there is no need to invest your $10 in this kind of thing because clearly you will lose money. If they do not trust you, there is no need to trust them. According to the sales page, this is what they want us to know.
”We have designed, built and tested two very precise and accurate softwares (bots) based on Artificial Intelligence or AI, one can operate and trade in Online Casinos and the other can trade in the Forex market and both have allowed us to earn consistently anywhere from 20-40% on a monthly basis.
Our IT department is in the process of designing two additional softwares, one to trade in Binary Options ad the other one to perform Arbitrage in the different crypto exchanges.
We don’t have an office, because we don’t need one, our whole operation is run in a room and our laptops, this the 21st Century!! There is no CEO or owner of ProfitsBots, we are a group of tech guys who are not interested in revealing our identities because we are competing against a very powerful market like the Casino Industry and what do you think it’s going to happen if they know who we are? Let’s be honest, 99% of the projects out there don’t have a real owner, they just post fake pictures and fake profiles, we are not like that, but you can be sure that your funds are safe with us and we are definitely going to make you earn a really good income for a very long time.”
The scam goes ahead to list reasons why they want us to invest with them. Profits Bots website is getting ridiculous. Here is what they are claiming:
ProfitsBots is an industry pioneer in the creation of software designed to bet on the huge Casino online markets. Millions of people place bets every day on this very profitable industry of online betting but only a few can say they have a winning record on a consistent basis. Part of our strategy is switching our bots on and off from time to time and also changing from one casino to the other in order to go unnoticed and make it harder for the casino’s security systems to detect and stop our bots.
Profits Bots trading systems allegedly have a win rate of between 65% to 75%. All we needed to know is whether there is proof that trading systems exist within this website and that the alleged win rate is real. The problem is that there is no trading activity and what they are claiming to be a business activity is actually the act of collecting member deposits and distributing small returns.
Not only is this an illegal business (ponzi schemes are not a genuine way of investing one’s funds), but you will also end up losing your investment whether that is $10 or more. The minimum entry is quite low because the scammers want to win your trust so you can deposit a bigger amount and they can disappear with the whole of it. That is called thievery because if trading is not happening, then definitely Profits Bots intends to generate returns this way.
Profits Bots is an obvious scam because the operators are anonymous and secondly, no trading bots are involved in generating profits. Use these genuine trading tools if you want to make money.
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