Reffeed (formerly RewFeed) is a scam automated trading software, originally from 2017, and now it has been relaunched in October 2018.
The software they are using is the same as many robots we have seen recently, and the real difference between them is the man in the video named James Clark. The Reffeed trading robot is integrated with a variety of offshore scam CFD brokers, and many of them do not have a good reputation.
Warning! You Will Lose Your Money… Unless you invest at a licensed and regulated broker.
This “revolutionary” algorithm software Reffeed is not new or unique, and could be a scam. When we look at the control panel that the investor uses, we saw that there is no way to control the outcome. With this software, all you can do is turn it On/Off and enter the amount of money to want to lose at a time.
Here is a direct quote from their website: Earn $1,492 A Day From Social Media.
This tells us that Reffeed is nothing more than another “get rich quick” trading scheme. Look at the screenshot we took of their trading dashboard and compare it with a real trading robot.
Reffeed Software Scam
What makes Reffeed a true binary options scam is their outrageous claims that you will make money, and it is free. A real EA or Algorithm RoboAdvisor only comes with warnings about your potential losses.
They decided to scam you by saying: “You have to pay us back only when you make $10,000 or more.”
Don’t worry, that will never happen!
Real Forex Brokers
Fraud investing in Forex and binary options has been going on for 5 years now, and there are no signs of it stopping anytime soon. Every government has issues warnings about unlicensed brokers, and there are still victims getting scammed daily.
Interestingly enough, the only brokers who do not get complaints about them are the legal and licensed brokers, see here.
Trading binary options is risky, and you can lose all your investing capital, however if you are using an unlicensed broker are guaranteed to never see your money again.
ASIC Australia Warning!
“ASIC urges all investors considering trading in CFD to check they are dealing with an entity that holds an Australian financial services licence.”