Within this Moneybot Review, you will know whether is it a scam or legitimate binary option for you to invest in. I stumbled upon this opportunity and found it quite interesting, but there is something missing. So bare with me as I am going to show you the reason WHY you might want to avoid this sort of trading stuff!
Platform Name : Moneybot
Website : www.moneybot.net
Owner : Unkown (in partner with Utrader)
Price : FREE ($300 minimum Investment)
Overall Ranking : 30 Out of 100
What is Moneybot?
This so called automated trading robot promised you to earn on financial market automatically by using its complicated machine. This automation tool is expected to put together analyzing hundreds of assets, signals and trends with a user-friendly interface that lets you watch your profits to come in by just clicking a few buttons. Is it even real? NO!
The problem with this opportunity is that you don’t even know whether the system works or not. You let your emotion controls you to believe it exists and getting rich quick with no effort is possible.
Believe me, it will never happen. Otherwise, I would be laying down on the beach drinking coconut water. Fortunately, there is a way to earn passive income online, however NOT with those risky binary options trading platforms which have exaggerate claim. Well before that, let’s talk more about Moneybot.
The Good & The Bad
There are few things that I like about Moneybot binary option platform:
- Less hype compare to other platforms.
- You can earn up to 85% of profitable trades.
And some aspects that I don’t like:
- No Live Support.
- You don’t know the person behind its platform.
- They never show you how to use the tool within the sale video.
- There is also no minimum investment mentioned there. Every trading platform has it!
- The video information is too simple and not clear.
What Moneybot Failed to Tell You
Despite whatever nonsense hype they bombard you, binary options always involve high risk of losing money. You cannot expect to win most of the time. You can, but you need to educate yourself first. When they say no experience or knowledge required, that is half true. Someone still need to learn the basic, financial management, and other analysis. Can a tool automate all of these? If there is one, they will not promote it to you. Just think about it!
Now if you assume that I just making up things. I will show you a screenshot of Moneybot risk disclosure. And just to let you know that every binary options trading has this in the bottom of the page. Click on the image to enlarge:
It says “Investing into Binary Options carries high risk of loosing a part of investments or of the whole budget.” Do you know how they try to make things deceitful? Yes! A small warning in the bottom which totally different from the claim.
How Much You Need to Deposit
You should already know that Moneybot is partnering with Utrader. This is like a cross marketing where they send you to other places. Now, when you sign up for the account. You need to at least deposit $300 for the broker before start trading. Here is Utrader Account Types:
How do you like that? Once you give your phone number information, get ready to be called by the brokers! Trust me, they will never stop until you deposit at the minimum of $300. It happens to me before, and I am sure it will do the same to you.
With limited information on how to trade properly, I would urge you to AVOID Moneybot!
I really encourage you to forget about trading or binary option If you are completely new to it. It is risky! Don’t put your hard-earned cash on the line alright. As being someone that had been in your shoe, I highly recommend you to learn about online marketing. This opportunity is much safer and steady. But you need to get rid of “get rich quick” mindset. Again, it NEVER exists.
Doing online marketing however is a process to make money online without to have an existing business. You can always generate decent to full time passive income just by working at home. Now, you can learn all about this from absolute zero to perhaps hero. I suggest you to check out my FREE online marketing platform that teaches everything in it. The free trial is worth to try. Read more about it within my #1 recommendation platform review.
That’s all I have for Moneybot review. I hope you can determine whether it is a scam or legit. But I advice you to avoid it. Anyway, please share this information if it helps, and comment below for your thoughts. I’d love to hear from you 🙂