So, a new scam has come about, the Black Box Robot. It seems pretty interesting at first glance because they don’t greet you the same way other scams do. So, naturally, you expect something different, something new. Sorry to break it to you, but this is yet another one of those binary options scams that are out to get your money.
Name of Software: Easy Daily Profits Scam
Niche: Binary Options Software Scam
Official Website: http://blackboxrobot.com/
When you see a lot of text you immediately think, well, they know what they are talking about. Only, it’s no different from the crap scripts that the videos follow. Lots of words but zero information. This scam is no different from the many others out there, except for the fact that it has a different initial vision.
What is the Black Box Robot Scam?
This is a binary options automated robot scam just like the rest. The sole goal of this scam is to get you to sign up with their preferred broker in order to invest your minimum of $250 so they can get a nice fat referral fee. Of course, you will end up investing far more than that because the broker will harass you until they dry out your wallet.
As per the official website this is an automated trading robot that bases its signals on algorithms that analyze indicators like Price Action, Bollinger Bands, Fibonacci, and RSI. All sounds great, but what makes it actually profitable? That’s all you get for now. What I want to bring your attention to is the screenshot of the so-called software on the right. Once you DO finally get to the software itself you realize that it has nothing to do with this software and does not have any of the options that they claim.
Though it’s good that they discuss the risks, they certainly do not make it clear that you will lose your money with their software. I am having a hard time understanding how they have reached a 90% success rate with ANY of the signals on ANY of the assets, but what got me was the fact that the only thing they say is that the system has various features to lower risk. Only, once again, once you get to the actual software you realize that no such options are available. Not only that, the software looks nothing like what they are depicting here.
It’s great that they focus only on working with brokers that are regulated and licensed, but times have proven that no one is safe and regardless what broker you choose you are always at risk. There are only a handful of brokers that can be trusted, and they don’t work with any of them. Though regulated, many brokers have proven to be far from trustworthy.
Though working with licensed brokers, it seems that they have chosen the ones that have had so many complaints about them that I am sure that soon enough they will no longer be licensed.
The OX Markets broker has been proven to be a scam with numerous complaints and dissatisfied customers that were bullied into investing far more than they should have. In turn, all they got in return were insults and lots of losses. There are several positive comments on them, but it’s so obvious that they are promo comments that it’s easy to say that I have yet to find someone that is satisfied with them as a broker.
The other broker option, Binary Capital Markets (BCM) broker may be regulated but they are just months old. Notice how they note since when OX Markets has been around (mind you they are lying as they have been around since the summer of 2015) yet they overlook this little detail about the BCM broker? That’s because they have been around since October of 2016. Very few people have actually tried them so far so there are only paid positive reviews out there, but soon enough the truth will come out that they are yet another scam broker. So, this means that even if by some magical chance you actually make some sort of profit with this scam software, you will never see your money as the scam brokers they are connected to never pay out.
So, what happens when you do sign up? Well, absolutely nothing! There are zero options available. You are stuck with a software that is nothing like the one you were shown in the official website, and of course, once you invest your money, you are stuck losing your money with them.
Not only are there zero options available as claimed, but there is no demo. At any point, when you are selecting a software, it’s important to find one that will give you a demo. Some may give you a demo of the software upon request, while others have it available. Though that should not be trusted 100% either as demos are easily manipulated when real money is not involved, at least you get to test the water and the features they claim the software has. As in this case, you are told about numerous features available, yet not only does the software look nothing like what they claims, but the software does not offer any of the claimed features either.
Why Offer the Black Box Robot if it Doesn’t Work?
Well, I think the reasons are pretty obvious. The goal is to get you to sign up with their scam brokers in hopes to make money. These brokers give a fat referral fee to the people behind this software. They in turn pay a lot of money for positive reviews which spread like wildfire and trick people into signing up with this scam. All in all, everyone wins except for the person that is expecting to make some sort of profit.
Before signing up with any binary options automated robot such as the Black Box Robot scam always do research, check everything out, and NEVER trust the numerous positive reviews as 99% of them are paid by the scam they are promoting.