In this FXC0INBOT review we expose this unscrupulous investment scam that is targeting your wallet.
What FX Coin Bot is about
FXCoinBot is presented as the best performing trading platform in 2019 which will help you to make money in financial markets trading. The robot allegedly is endorsed by the trading community, so you can rely on it.
The first 500 members will get access to the robot for free, so do you have anything to lose?
FX C0IN Bot scam
The unfortunate truth is that FX Coin Bot is yet another scam from an infamous group of scammers. It won’t make you any money. In fact, it will do the opposite, it will lose your money.
Lies, lies, lies
FXCoinBot supposedly is the best performing robot of 2019. But it is a lie. The robot is only one month old, see our picture. So it certainly cannot have any relevant statistics and results under its belt.
There are no proofs provided about the performance of the robot. Normally you need results from at least one year to be able to get an idea about the performance of a robot.
Also, there is nobody real endorsing this robot. It is being promoted in fake FX Coin Bot reviews by websites notoriously known for promoting scams, that’s all. This is a new product created for one purpose, to enrich scammers who run it. You won’t find any real positive FXCoinBot testimonials.
It won’t last for long, it will be around for a few weeks or months, then scammers will ditch it and create a new scam with a new name. They have been proceeding like this for years.
Illegal investment service
Every software that is supposed to make trading decision on behalf of traders, is considered to be an investment service that is subject to regulation. In other words, you need a license to be able to provide a robot that will trade automatically for people.
But FX Coin Bot is anonymous and unregulated, therefore it is an illegal software in most countries.
How it really works
In this last part of our FXCoinBot review we will explain the true nature of this system. The only real purpose of FXCoinBot is to make money to scammers. How do they achieve that? They say their software is free, but it is not. You will have to deposit at least $250 with a broker of their choice in order to activate the robot.
And this is how they make money, they are paid by certain brokers for referring new depositors. At this time FXCoinBot is sending people to Europe FX, which is a regulated broker that will get in deep trouble once the CySEC sees that it is accepting referrals from scammers. The second one is Globalix, which is an unregulated broker that you have to avoid in any case.
FXCoinBot review conclusion
FX Coin Bot is a scam, it is not a proven robot. It is a new worthless and illegal software that loses money in trading. Stay away from it!
Every time you want to try something new in financial trading, you have to verify it on a demo account first, so that you don’t risk your own money.
Only when you have a system that is proven to be working in testing, you can carefully switch to real money trading.