Swing Trade Bot Review: Scam Stock Picking App?

Swing Trade Bot Review: Scam Stock Picking App?

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SwingTradeBot is a tool that watches your stocks and scans the market for significant technical developments. The software can alert investors when profiting, as a result, discovered it’s time to take action and make profits.

However, do not be so quick to trust this investment firm with the funds simply because they showcase multiple scam characteristics. However, if you are want to make a profit, you should invest with legit trading robots that are tried and tested to work professionally and earn profits for you.

SwingTradeRobot can conduct technical analysis and comprehensive market analysis. After the investigation is complete, investors receive email alerts. The robot trades Recent IPOs and Trader Mike’s Notes and conducts a technical check on your stocks and the market.

However, the kind of algorithm used by this robot is unknown, and you reached trading with the tool that may not have any experience in the trading world. Trading bots are preferred over humans due to the inability to catch emotions.

Nevertheless, trading with a wrong tool may lead to massive losses on investment funds, and you should avoid such platforms at all costs.  SwingTradeRobot does not have a refund policy, and case you’re not satisfied with the services, you cannot receive your funds back.

Investors are urged just in case they have any doubts about the software. They can choose a shorter plan. Investors can cancel any project they have at any given time or opt to go for the free program at the account menu via PayPal.

The platform also gives investors a trial period of 14 days after registration. However, this is not enough time to set up a winning strategy or understand the operation of the robot. The platform process all the payments through SSL, and they boast of enterprise security.

The platform claims to be using stripe in that they do not have any contact with your account, and safety is guaranteed. However, scammers also provide fake security measures, and until you can verify this information, you should not invest in any platform.

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Swing Trade Bot Review, Platform

The software is created by Mike, who is the software developer who specializes in Ruby on Rails and SQL databases. The software can detect changes in the market and will quickly be notified on what stocks to buy and which ones to sell.

The sales pitch is poorly presented, and newbie investors might have a hard time while going through the company. The company uses a Ticker Symbol to analyze your stocks, and you can quickly identify the best stocks to trade over the trading bot.

Investors receive important stock alerts on the watch list, and when you choose to manage your Routine, you will earn consistent returns. The platform allows you to trade with the trend. Clients become a successful Trader should always follow the directions.

The trading robot uses a consistent strategy to identify the different trends in the market, and this is the only information that is provided regarding how the bot operates. However, the robot is said to help you discover the entry points and exits of trades via alerts, and this helps in minimizing losses.

Investment Plans

SwingTradeRobot has three different investment plans that you can use and make massive profits. The platform claims that once you purchase the package, you’re entitled to full access to all their services for less than $1 every trading day.

However, if you select to pay annually, you save up to 33%; the plans include; silver investment plan that does not charge any amount and offers their services for free. This plan includes one watch list and one portfolio with five stocks per list and three routines, seven items for every Routine. The programs are ad-supported, and you receive a weekly email of portfolio and watchlists alerts.

Investors are allowed limited access to Traders Mike notes. The plan will enable you to run scans for one day at a time, and you’re unable to view scan results as a list of charts. You cannot export the scan results to .csv. They’re entitled to basics scan filtering.

The gold plan costs $14.95 monthly, or you can opt for a yearly billing of $129.95. this plan allows you access to all scams and unlimited routines with no ads and nightly email of portfolio and watchlists alerts.

This investment plan allows all the things that you could not access the silver plan, and you can export scan results. Platinum investment plan investors can opt to pay $169.95 or a monthly fee of $19.95 every month.

This investment plan allows more watch lists, and you can be able to export the results to .csv. This Investment plan allows Advanced scan filtering. The platform accepts PayPal payments; however, the plans are highly costly, and it will be risky to purchase a project without knowing how the forum operates.

Testimonials and Awards

Ponzi schemes will always use fake testimonies as an attempt to lure you into depositing money into the account. The testimonies feature happy investors who claim to have benefited from the trade strategies though there is no verifiable link towards the same.

The customers are seen to be thanking Mike and his trading strategies. Moreover, none of these allegations may be right, and you may end up falling for the catch and losing your hard-earned money. They even claim to have won various awards, and the software was the best stock market both in 2016.

Therefore if the allegations are correct, then the platform will be recognized all over the globe for the tremendous work. Scammers also make up awards that do not exist, and you should first be able to verify this information before depositing a single coin expecting returns.

Funds Safety

SwingTradeBot is not to be trusted with your money; this is because they do not provide any banking information dissociated with. The company also claims to have won awards and provide testimonies without any verifiable link, and this is a major red flag not to trust the company with your funds.

You do not know the kind of experience the people behind the Investment firm hold, and this is a significant warning not to trust the company with your money. Transparency is vital in every digit investment firm that you should rely on to make profits for you, and you should be able to verify every information they provide.

Regulation and Customer Support

Swing trade does not reveal any regulatory data, and they may be generating funds from the public illegally without following the mandatory requirements. Unregulated platform to not last for long in the market, and the risk is facing closure at any given time with all your money.

There is no contact support that you can use to reach the platform just in case you have any query, or you need assistance. Working contact support is very important in earning your trust with every investment firm; this is because you can easily reach the company for service.

Final Verdict

SwingTradeBot does not reveal enough information regarding the founder and the kind of experience they hold. They do not provide any regulatory data, and you risk dealing with a company that illegally generates funds from the public.

The testimonies they provide have no verifiable link that you can use to see the resulting trade. However, they are legit trading robots that you can rely on to make a profit for you in the strategies used are well known to the investor.

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