The Profit Formula is an old get rich quick trading software, which was originally marketed by a woman named Megan Sanders, back in September 2016. There are many problems with this software, and we will thoroughly explain them in our full review of the Profit Formula.
WARNING! There are many scams just like this, and you can see how they rip you off just read this.
Profit Formula Scam
The way the Profit Formula scam works is so simple, and someone like you believed when they write…
“Make millions with Profit Formula. Sign up today and join our users who make $11,628 every day!”
The lady Megan Sanders puts on quite a show, with videos of her in a rented mansion, a fake office, and rented exotic cars. This is all part of the act you make you want to deposit your money at a scam and dishonest broker.
Know Fact! There is no trading software that will turn your $250 deposit, into $11,628 every day or even in a month.
Profit Formula Reviews
Once you have signed up for Profit Formula, at: https://en.theprofitformula.info/, you will be directed to an offshore broker of their choice. In our case, they sent us to Coinfinex. Before we even have a change to see the software, or review how it works, the broker called asking for money. All these software products are reproduced as a white label products and used under more than 50 different names. Take a look at last months popular scam the Bitcoin Code.
Take a minute to look at the software screenshot below and you will see that you have no ability to manage risk or configure the trading app. The reason you cannot change it have to do with it being a poorly made algorithm trading system that has nothing to do with market analysis or Forex trading.
You should really see how the professional trading robots work, look here.
Scam Bitcoin Brokers
Ask yourself this question, Who is the broker she told me to use? Is that broker licensed? Is that broker honest?
No matter what trading software you use, if you are with a broker that is NOT licensed, then you will definitely have problems. Go read some common complaints we receive about brokers, look here.
FACT! Only 10% of brokers are legal, licensed and legitimate, The rest of them are all scam brokers. Look here to see the most popular licensed brokers.
Warning from Australia’s Regulator
“ASIC urges all investors considering trading Crypto to verify that they are dealing with an entity that holds an Australian financial services licence and is regulated by ASIC.”
Did Profit Formula also tell you to use a scam broker? Tell other readers the brokers name in the comments below.
Legit Crypto Investing
Again, real people trade Forex and Bitcoin CFDs at one of the licensed brokers listed here.