Fincrowd is without a doubt one of the most dubious binary options scams. The people behind this app are professional thieves who steal online identities. You cannot work at home and hot a button and everything just falls into play. We have no option but to flag Fincrowd as a scam that should not be tolerated. Avoid this trading bot and trade safe with legitimate and approved binary robots that are genuine.
Fincrowd is offering the binary trading world users a guarantee of $1500 daily. Fincrowd is given to us free of charge. This is one of the many reasons why we immediately smelt a rat and decided to investigate further, this wonder app. Fincrowd uses a one of a kind super algorithm that allows users to have an advantage over others.
Fincrowd apparently sends you trading signals that users should follow. It apparently has the capacity to execute over 14 trades every day and apparently trades in every session worldwide. The trade time starts from five to thirty minutes and the signals are sent through MT4, emails and phones. They also throw in the claim that this bot is compatible with any asset that users find in Meta trader 4. This is really a ploy to show newbie traders that this bot can work with any device from anywhere on the face of the planet.
Fincrowd is a fraudulent trading tool since the presentation video does reveal the name of its creator. Fincrowd is definitely a scam since we cannot believe what the presenter of the video says. This is clearly a money making scheme meant to take advantage of unsuspecting online investors. Who would invent a profitable money making tool and not get recognition? This is one of the many lies we will expose in this full blown exposure Fincrowd scam. Here’s another lie we uncovered.
Fincrowd runs on auto pilot mode and has an appealing winning rate of over 93%. The presentation video claims that there is a bot on earth that can match its qualities. This all sounds very convincing and that’s why we decided to continue digging. Fincrowd claims that their algorithm apparently does magic when running on auto pilot mode.
The real truth is that the owner of this site does not know what he is talking about because the site is a scam. The testimonials are also not real because the people who give them, do not use their real identities and are not traceable. The 100% money back guarantee they claim is not real because there are a lot of people who have lost lots of money. Everything on this website is a big lie and you should be able to see this as soon as you land on the first page.
Search engines are silent whether Fincrowd works or not. However there are negative reviews and comments flying around social media sites. These comments are from people who have given in to this scam only to get their trading accounts drained. The binary trading community does not recognize Fincrowd and no trading expert or legit company has backed this illegitimate app.
There are a few people that appear on the Fincrowd presentation video and claim to have won big with this fake Bot. These people are random and it’s difficult to prove their legitimacy. We fear that they are actors who have been paid to lie in front of the camera. Most binary options fraud hire actors from Fivver.com to say or do anything for five bucks. The trading community does not endorse this bot which has zero positive feedback. Trading with this bot will without a doubt be taking a huge risk with your money.
When you register with this fake robot using your name and email, you will be directed to a second homepage which is referred to the member area. In order to trade with this robot, you will have to register with a broker and this is where the problems start flying in. These brokers will be in control of your money and you will only withdraw your money at their mercy. You are also required to make a minimum deposit of over $250 in order to start trading with this lame scam.
There is no mention of the broker’s name or company. This means that withdrawing funds from Fincrowd is at the mercy of the broker. You are not guaranteed of your money, don’t forget that the broker is unregulated.
Fincrowd is using unregulated brokers. This means once users make their deposit money with them, the money is at the mercy of these brokers. The problem with unregulated brokers is one, you cannot report to the authorities once your money is lost. This is why we state in our reviews that users should use trading tools that use regulated brokers. With regulated brokers, your money is in safe hands. Some of the brokers that Fincrowd is using are blacklisted brokers, you should avoid this software.
We did a thorough investigation using whois.com to determine when the company was registered. We were shocked to find out that the company was registered early April. The fact that the people claiming to have won big with this trading tool are lying. One lie we expose is Fidel who claims to have made over $50,000 since January. How did he make money with this trading tool when the website was not even created? This is definitely a scam to avoid.
The Divisions of Corporations also does not have any date of registration of this company. This is without a doubt the lie of the year. This company is not registered anywhere on the face of the planet making it a total sham.
One of the many mistakes that these fraudsters commit is on the trade dates. We are able to detect and clearly point out one of the many mistakes that these fraudsters commit. The date March is clearly marked as a successful trade date. If you take your time to look at your calendar, 21st May this is on a Sunday. There is no financial market trading that operates on weekends. This is concrete proof that the bot is completely fake and does not hold any bearing in the real world. How is Fincrowd able to trade during the weekends?
When you land on Fincrowd’s website, you will see the supposed results from the users who have apparently used this bot. We can strongly confirm that these people are not real but some fabricated stories that include identity theft. This is a method used by online fraudsters to try and legitimize their scams so that newbie traders can believe that this bot really exists. The database used by the users is totally fake since the information given to us is in text mode and not in visual.
Another flaw with Fincrwod is that there is no demo account that newbie traders can use in order to get used to using this robot. The customer service does not work and sending emails to the help desk won’t help since you will never get a reply from these scammers. Binary options are contracts of limited risk that are based on a simple yes or no market proposition that depicts whether the market will go up or down by the end of a trading week.
You cannot be respected or taken seriously when you claim that your app works 24/7. This is simply one of those lies that you have to point out. This is crystal clear evidence that we are dealing with bona fide scam artists. We have always pointed out in our previous scam reviews that apps that beat the clock on weekends are just scam. The video presentation also shows that Fincrowd is an approved and verified app. This is not true. Even the binary community trading world doesn’t know about this bot. There is no third party to verify any of Fincrowd’s claims.
If you scroll down at the home page, you will see claims for verified analysis and also verified trading results. The alarming thing is that these people do not present us with any third party results. When a bot makes claims like these, we have to see proof that we can verify in order to ascertain the results of trading with this bot.
Fincrowd is definitely a scam to avoid. This review should be an eye opener to online investors and binary newbies to stay away. There are indeed real and trusted bots that you can use and make profits. These bots are accepted by the trading community and all backed by trading experts. We urge readers to use tested and approved bots that will make reasonable profit margins. Never fall for the empty promises that are being thrown around. Trade safe and use genuine bots when trading with binary options.
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