Kiyosaki Formula is a new audacious scam which was released on July 20th 2017, that promise you will make $1,900 a day. The problem with the Kiyosaki Formula is that it’s actually made by the same people who produced the fake Tesler App trading software. They claim you will make huge profits of thousands per day, however the truth shows otherwise.
Here is what you need to know about Kiyosaki Formula software, before you become the next victim of an investing scam.
WARNING! You will lose money by using this software, read why.
If you want a real trading robot, then compare the Top 3 Trading Robots
Kiyosaki Formula Scam
Many Red Flags went off when we investigated the Kiyosaki Formula. They made various statements one their website which are not true.
“Over 1,000 Beta-Testers – 100% Proven & Tested”
“The average user of the Kiyosaki formula makes at least $1,900 in pure profits per DAY!”
We have seen other online scams that use a public figures name and image for people to think it is an endorsed product. Look at Gatesway, Ackman Capital and Copy Buffett.
Basically, the entire purpose of this scam software, is for you to think that the real Robert Kiyosaki endorsed this product. They even show him in a video walking with President Trump!
Kiyosaki Formula Review
A real automated trading software is supposed to be based on technical indicators and generate trade alerts and place trade for your account.
When we signed up for the software, they simply ask you to deposit money into the brokerage account. There is no ability to see the actual software, how it works, or if there are any settings for it. We can only assume that Kiyosaki Formula is just a “get rich quick” which wants to convince unsuspecting individuals into giving their money to an unlicensed broker.
Real auto trading robots allow you the investors to configure all aspects of the software, before you make a deposit, see here.
Warning About Unlicensed Brokers
It is important for every investor to know, that your money is held at a broker, and if that broker is not licensed, you will never see your money again! You will not find a licensed broker that works with Kiyosaki Formula.
When you learn how this scam operates, read this, you will understand why they would connect you with an unlicensed broker.
If you are actually interested in trading Forex CFD’s, then you can find a list of licensed brokers here.
Please share with other investors which broker the Kiyosaki Formula scam told you to use, in the comment section below.