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EXPOSING TRADING BOT FRAUD
[PART 1] From experience.
I've wanted to share this for a long time, and luckily there is material for discussion since this trading robot product hasn't been widely talked about yet.
No, I won't mention the product name, but I will share its characteristics.
Just so you know, what I am sharing is my perspective in observing their activities.
1. REGISTRATION
The registration process for this fraudulent trading robot is quite unique—you ARE REQUIRED to register through AN INTERMEDIARY and cannot register independently.
You must enter a unique code from your upline to be able to create an account.
2. PRODUCT VARIATION
In the marketing world, product variation is actually very common, but in this fake trading robot, it is made VERY MISLEADING. Starting from profit claims, how the bot operates, and the promises of bonuses. The higher the account tier you choose, the more enticing the promises become.
3. HOW IT WORKS
What I am discussing is comprehensive:
Their method of operation applies an MLM system, and what they rely on are new members.
That’s why in the first point I explained that they use a registration system with a unique upline code.
Sweet profits can only be experienced in the first month or even the FIRST YEAR. After that? Surrender. You don’t invite members? You’re finished.
And this is NOT EXPLAINED EXPLICITLY!
4. PROMOTION
Their promotional approach is similar to fake Forex IBs—showing off profits and PNLs but more daring because it’s JUST NUMBERS AND NOT REAL MONEY.
And with their signature phrase: MONTHLY RETURN
5. INTERFACE DESIGN
The UI/UX design of a product is crucial; admittedly, not everyone can feel this vibe.
I myself can, and I am quite confident because besides being a design student (, even as a newcomer ), I believe UI/UX design is quite expensive if only applied to a fraudulent product.
If you want to be able to tell the difference, just look at existing financial apps and compare. You will know whether the design is proper for users or not.
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Continue to part 2 to learn the difference between forex trading bots and crypto trading bots?