Reffeed is a scam “White Label” binary options robot, that opened on May 29th. The underlying technology that RewFeed / Reffeed is using is from 2014. They are a not recommended software, because you get connected to an unlicensed broker.
People who are looking to invest online, will choose one of these licensed Forex brokers.
WARNING! You Lose All Your Money With This Investing Scam, See Why.
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The reason why people like to use a binary option robot like the one from Reffeed, is that it is very user friendly. They have a demo mode, which shows that you will always make money. Reality hits after you make a deposit and start using the software in real market trading conditions.
We didn’t like that they are making false representations about potential profits. In big bold letters they wrote.
“Earn $1,492 A Day From Social Media, Sign Up Now And Get $250 For Free”
This software has nothing to do with Social Media, and you will get $250 “free” by depositing with an unlicensed broker that gives you “bonus money” which is actually fake money.
Reffeed Real Results
Although Reffeed writes on their website that the software has an 87% accuracy, the reality is that at best you can hope for a software to produce 50% results. Also, when you configure your binary options software for automated trading you must select which Indicators and Currencies to use. Results differ based on strategy and the forex pair being traded.
Anytime a binary options software makes promises or guarantees of success, you should be wary and stay away.
Scam Brokers Steal Your Money!
When you are dealing with a broker who does not have a valid license, you can be sure you will never get your money back. There are a variety of gimmicks they use to scam you and hundreds of people fall victim every month. Go read about the complaints people have with unlicensed brokers, see here.
Make sure you are only trading with a licensed broker!