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The Brexit Bot is Confirmed Scam – Honest Review!!
The very first thing that came into my mind about the Brexit Bot when I came across the website is “The Scam”. I can’t predict exactly what other individual would feel in their first encounter with Brexit Bot system. But, I am pretty much sure that anyone who has even a less knowledge on trading of binary options could relate the same feeling with me. However, for making the scam attempts of Brexit Bot even clearer to everyone, I have done the enough homework and ended up with a Brexit Bot scam review. I hope, this little effort of mine will help many others who lack of enough knowledge on options trading and are vulnerable to get scammed.
The Brexit Bot Review
The Brexit Bot is an automated trading tool that is meant to be producing signals on possible trades. According to the information provided in the promo video of Brexit Bot, the system mainly works on the currency pairs related to the GPB. The Brexit Bot tried to explain its earning opportunity providing a well-known example of currency crash that is occurred recently. As we are very well aware of the incident that major popularity of United Kingdom citizens voted to leave the European Union on the 23rd June of 2020.
This historical changes did huge impact on the political status of UK as well as a great currency crash occurred due to this event. Due to this, the British pound got lower in value comparing other currencies immediate and the Currency traders from around the world managed to take advantage of this changes in the currency value. The traders did really make a huge profits from the changes of British pound value. Over the time, the situation had been taken at stabilization. So, there are no more such great opportunity to make profits from the changes as it was explained in the promo video of the Brexit Bot.
However, the prime trading tactic of Brexit Bot software is by making use of value changes in British pound. This tactic does not really work any more as the situation is now taken care of. So, if you are following the Brexit Bot strategy to make money from currency trading, you are hell of wrong and will be losing your hard-earned money. This is to the main factor that made me go against the Brexit Bot and write such negative review of the system. More filthy factors I have found from the Brexit Bot system are as follows.
Who is the Owner of The Brexit Bot?
In most of the scam tools, the one common factor is that they don’t expose the face of real culprit behind the scam. Some of them uses a paid actor , while some of them simple creates cheap video presentation in combination of attractive words, misleading information, stolen images, fake testimonials, and a robotic voice explaining the whole thing. Well, Brexit Bot is no different from such systems. In the promo video of Brexit Bot, no man of blood and bone was seen as the owner of the system, rather than a robotic voice over acting.
In the entire video presentation, I found nothing trustworthy related to the so-called owner of Brexit Bot – Mr. Harrison. I tried to track him down on various social media sites including Facebook, Twitter, LinkedIn, etc. and on the most recommended search engine Google itself. I did not find anyone of this name related to the trading of binary options as seen in the video. If you monitor his trading profit as he claimed, you would be surprised, why would someone opt to stay behind the bars when he could be an international celebrity. I can see a big red flag here, but nothing trustworthy about Mr. Paul Harrison.
Unrealistic Claims of Trading Profit
The Brexit Bot scam ask you for initial deposit of 250$ as a brokerage. Well. there is nothing wrong with this claim as it sounds common. But, you got to rise your eyebrows at the moment when will you come to know the acclaimed trading profits made by the Brexit Bot. According to Paul Harrison, the alleged creator of Brexit Bot, his system runs totally in autopilot mode and capable of trading with 92.3% winning rate! He further added, using his auto trading bot, anyone will be able to generate at least $25,714 per day. This daily earning amount counts about $180,000 per week and over a million dollar within a half of the year!
The above mentioned earning amount sounds unearthly and a total crap. Mr. Harrison even comprehensively claimed that his system is very much stable and produces high ITM rate continuously. All of these claim are just fabricated and beyond the reality. Even a highly experienced trader could hardly calculate such accuracy of trade winning for a temporary period. If it’s about the consistency, there is no such exist in the binary options trading platform, not today.
Guys who claim to win thousands of dollars within a few week are just paid actors from fiverr.com. Any one can order such testimonials for just 5$.
They Convince You to Register Immediately
Another most common factor about scammers is that they are always in hurry to convince you in taking registration. They plays different kind of tricks to get this work done. In the Brexit Bot, they made it kind of too much to digest. As soon as you visit the official website of Brexit Bot,you will notice that there is mentioned a limited position still available in your country in the top right corner of the website. Another thing you must monitor that in the bottom right and left corner of the site, there is the number of available slots and number of people online in the site respectively. The number of available slots will be continuously counting down, while the number of online people is continuously counting up.
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Number of Online People : Before
Try out a little trick to expose this scam, simply close the website, and then open the brexitbot.com once again. Thus, you will see that the counting number are being counted from its previous position as you have seen in te first visit. As long as you stay online, it will continue to change in the default way. Once you closes the site and come back again, the counting numbers will set back to its default position. This trick seemed to be manipulating you to take an immediate action before the opportunity closes down.
Number of Online People : After
Final Verdict – The Brexit Bot is 100% Scam!
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As far I have seen, even the video testimonial sited in the promo video is fake and made by a paid actor from fiverr. Apart from that, all the claims and endorsements are full of lies. Another lie encountered during the promo video is that Paul Harrison is offering free use of the system only to 50 number of lucky people. But, as I have shown you above, there was no such of luck numbers. The official website itself does not look professional. Now think about it, if someone is making such a huge amount of money from his tool, how could his most appreciated website is looking so poor. Eventually, after analyzing every single factor regarding Brexit Bot, I have finally concluded that The Brexit Bot system is a 100% scam. Head over to our recommended signals page to find legit app reviews.
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Everyone wants to become a millionaire and even more so if it can be done in just six weeks. That’s the promise made by the people selling Brexit Bot, a software that can allegedly turn a few hundred dollars into millions. However, since the claim seems too good to be true, we decided to put it through our tight investigative process.
The system is developed by Paul Harrison and claims to be the ultimate money making solution. Though in actual fact we found that it’s just another financial scam. Even though we firmly advise that everyone just avoid this software for obvious reasons but we’ve still decided to review it.
It’s a review that’s worth checking out because we put forth compelling proof of it being a scam. Plus if anything it will help you steer clear of other similar scams in the future.
How does Brexit Bot Work?
The official Brexit Bot website claims that the system is rooted in the decision by the people of Britain to exit the European Union. The decision is also popularly known as Brexit. The software claims to take advantage of the sudden change or shift in the value of the currency, which some how makes it better at trading binary options.
The Brexit Bot software allegedly has the ability to search through financial records and then calculate the data in an effort to estimate which trades are likely to be profitable. Even though it sounds somewhat workable in theory in actuality, that’s not how the market works.
A bunch of lies and false promises
According to the website, the Brexit Bot software was developed by a seasoned trader named Paul Harrison, in an effort to automate his trading. He claims that the software can generate at least $25000 a day with a 92% win rate. If anything this statement is outrageous which is why we had to find out more about it before stating if it were true.
Our goal was not to debunk the statement but what we discovered led us to believe that it was false. The company provides no evidence of it being able to generate this type of money except for feed people inconsistent statements and lies.
No High Performing Trades Proven
In our experience reviewing dozens of trading bots over the years, we’ve not come across one legit software that has a 92% win rate. As a matter of fact, this type of win rate is considered impossible mainly because of how the market works. So, if anyone were to come up with software that did, in fact, deliver this type of win rate it would be big news and that person would be a celebrity.
All businesses know that the media limelight is the best way to drum up business, not to mention the fact that it is cheap yet effective advertising. However, we found nothing about the Brexit Bot software other than on the official website. So, nobody has heard about it!
Currency Trading – The Truth
Any binary options trader who has been trading for some time will tell you that making money in this industry takes time and effort. It requires that traders have the ability to watch out for changing trends and make good decisions.
The video uses many scaremongering tactics to try to convince people to sign up
No millionaires are made overnight except for those who win the lottery. Trading may seem easy, but it requires hard work which is why automated systems like Brexit Bot are only selling gullible people a dream.
Limited membership slots?
According to the narrator of the presentation, there are only fifty spots available, and if those are filled, then you won’t be able to take advantage of the system. But in reality, this is just a sales tactic to exert pressure on people.
We were able to debunk this lie of there being only fifty spots by registering with a fake email. But even after we registered, each time we came back it kept saying that there were 50 spots available. So, the spots were never filled.
Who really is this Paul Harrison Character?
We have searched and asked people in the Forex trading industry, and this person is an unknown individual. Even Googling his name turned up nothing, so he isn’t in any financial journals, hasn’t written any articles or appeared on television. Any person who has been trading for years and made significant sums of money would have some sort of trail, but he has nothing.
We also wanted to look into the registration of Brexit Bot and found that it’s not registered. There are no companies by this name. However, we were able to conclude that Paul Harrison is, in fact, an actor for hire on a freelancing website called Fiverr.com. So, it stands to reason that he didn’t even develop the app and knew nothing about trading.
Is Brexit Bot app really free and risk-free?
It’s free to join and become a member but to start using the app; you will need to register a trader’s account with a broker. Unfortunately, you can’t choose a broker of your own and have to pick from their choice. Then deposit money which is risky because you have to trust them with your money.
No honest system can make these kinds of promises
The only people who are making money with the Brexit Bot are the scammers themselves. They are duping people into investing with a broker that they have partnered with in exchange for a commission from every deposit. Though the broker makes money by fleecing you out of the investment because unknown to many people, these brokers are unregulated and blacklisted. So, you’ll never see that money again.
We also found that there was no way to contact anyone at the business other than doing it via the website. There aren’t any telephone numbers, and the physical address is unknown. That’s the trait of a scam business.
Plus, since they are not registered no taxes are being paid, and when your deposit account starts losing all its cash, there is nobody to blame but yourself. All of these are red flags worth nothing.
What about the glowing testimonials by members?
The testimonials are fake. The pictures used by these scammers to make the testimonials look legit have been sourced from the internet. The people who are telling you about how successful they were are in fact hired actors. They have been paid to read a script. So, these are not real people who have become wealthy using the Brexit Bot software.
The classic bait and switch scam
We have done everything possible to try and find proof that this software is legitimate. However, we were not able to find anything proving that the system worked except red flags that point to it being a scam. The biggest red flag is that the Brexit Bot or business isn’t registered in any part of the world. Then the video narrator is a liar and uses a fictitious name to hide his true identity.
Our question is why wouldn’t the creator of this fantastic piece of tech want to take credit for it? Why wouldn’t the program be advertised in conventional media? Why is such a highly successful trading software a secret? Again the other mystery is why would they just have fifty slots open when they can have a hundred or even a thousand?
Our unbiased and well-researched review has left no aspect of this scam unexposed. We have presented and exposed their lies for everyone to see. None of the claims made by these people can be backed up. It is nothing but a scam that will rob you as it has others in the past. It is why we ask you and everyone else that reads this review to stay away from it.
Brexit Bot 100% Honest Review
This year has seen quite some big political events happening. The most notable being the US Presidential Elections later this year. However, the one event that will be talked about for a very long time to come is the UK’S referendum to exit the EU (Brexit). The vote greatly affected financial markets, including binary options trading and binary option robots, which deal with the GBP. Since the Pound is used in almost every financial market, the overall effects have been adverse and are expected to be even more drastic in the next few years or so. While some traders suffered huge losses due to the market fluctuations, others looked at the brighter side and made huge profits. There has been quite a number of automated trading sofwares and signal systems which have been designed to utilize the Brexit sensation. As expected, most of these are just scams out for a quick buck.
Talking about auto traders created to take advantage of Brexit, one that comes to mind is Paul Harrison’s Brexit Bot. Although it was launched around June 2020, the Bot is still making headlines. As such, a lot of traders are interested in knowing whether to pay attention, and possibly trade with Brexit Bot or just move on to another Auto Trader. Well, we got the answer to that, and more.
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What is Brexit Bot?
Brexit Bot is an automatic trading system, created by Paul Harrison and launched some days after the historic Brexit vote. The system is designed to analyze the financial markets and place the most profitable trades as far as FX trading are concerned. As its name suggests, Brexit Bot is said to turn a probable loss arising from fluctuations into a profitable opportunity. The Bot guarantees you, the investor a minimum profit of $25,714 per day. You read that right, Brexit Bot will fill your bank account faster than your 9 to 5 job will!
Paul Harrison does a long video trying to convince us to sign up and invest in his software which he calls revolutionary. What he doesn’t do is give us concrete reasons why we should do that. Which is why he resorts to the old tried and tested method of using humans’ greed for easy money against them. And it’s no secret, visit BrexitBot.com and the only new knowledge you will gain is the name Brexit Bot. If you do visit the site after reading this review, you will notice all the finer details which you didn’t or couldn’t notice before.
brexit bot main page
Accuracy of Signals
In the sales video which is the first thing you see on visiting the site, the software is said to be correct 92% of the time. This, in simple terms means that Brexit Bot, is able to predict the price movements of GBP and related pairs with near perfect accuracy. And it goes even further. For a minimum deposit of $250, the daily profits will exceed $20k.If only wishes were horses…
Here’s the thing, all that is pure, utter nonsense. First and foremost, the hullabaloo resulting from the referendum has all but died. The market fluctuations are no more. This is because the UK has not yet started formal negotiations with the EU on the exit strategy. The discussions are expected to start some time later next year and it might even take another 2 years for UK to officially leave the regional body. So, when Paul Harrison goes on record saying how the drastic effects are changing the market, the question we ask is, what effects? As a matter of fact, the markets (and pretty much everyone else) have recovered from Brexit and the stability will probably last for quite some time. That is, unless the US Elections take an unprecedented turn, or the Third World War erupts.
That said, let us look further into Paul Harrison’s claims, in particular the part about the Bot’s accuracy. First off, the highest rated Auto Trader in the world has a documented accuracy of 89%, 3 percentage points below Brexit Bot’s alleged hit rate. Then, there is no trading software in the world that can claim to be as accurate as Paul Harrison and his crew leads us to believe Brexit Bot is. Secondly, the daily profit figure is too high for an unknown basic trading software. Heck, even the premium sites do not promise that much – in fact, no self respecting site quotes a daily/weekly/monthly profit figure. Doing that might lead to lawsuits if the traders don’t earn what they were promised.
brexit bot video
Again, the risks in today’s markets are just too high. No one knows what the next minute will bring in terms of price action, let alone what might happen the next day. Granted, BrexitBot.com is no self respecting site, on the contrary. They lie too much without realizing that traders have also become brighter. Perhaps they do it knowing that nothing will happen to them? That might explain why there are no details about the company that owns the site or the physical address.
Brexit Bot is the new Brexit Money Machines
If you remember, some days after the UK’S referendum, a trading software by the name Brexit Money Machines emerged promising big, and became an overnight sensation. This only lasted as long as David Cameron’s remaining term after the polls. In no time, the software was rated as a scam and it closed shop. Today if you visit the site, you will find all the information that was there concerning binary options has been removed, leaving only some fake ads. Now, since we have quite good memories, we remember exactly what Brexit Money Machines looked like and what it promised. And watching Brexit Bot’s sales video, we notice quite big similarities.
The most notable similarity is the explanation of how the system works. Brexit Money Machines was said to take advantage of the poll to turn around their members’ fortunes. Paul Harrison makes more or less the same claims when selling Brexit Bot. Another thing we noted is that on Brexit Bot’s testimonials section, there is a man called Jason P. who claims that in less than a month, Brexit Bot has nearly turned him into a millionaire.
Of course no one believes that crap, not in 2020. Nevertheless, that is not the issue, our problem is we saw the exact same man (the photo, that is) saying the same thing about Brexit Money Machines. And you guessed it right, under a different name. Also, we find it a bit odd that Brexit Bot’s logo looks very similar to Brexit Money Machine’s – from experience, we can tell that it is not a coincidence at all. That, coupled with the fact that Brexit Bot was launched a few days after Brexit Money Machines closed up convinces us that both sites are owned by the same people.
Keep of Brexit Bot
There are a lot of reasons why you shouldn’t trust the site at all costs. Some have to do with the fact that it is closely related with a known scam, Brexit Money Machines. However, that is not the only reason why we think linking your trading account to Brexit Bot is financial suicide. Below are some of the other reasons, feel free to visit BrexitBot.com to confirm for yourself.
- Paul Harrison’s millions
There is a part in the presentation video where Paul Harrison says that he made several millions in profits for the six or so weeks after Brexit. Do not be fooled by his straight face when he is saying all that – there is no truth in those statements. We established that the domain name BrexitBot.com was registered on 20th July 2020, which is not even 4 weeks ago. Considering the sales video was posted several weeks ago, there is no doubt that Paul is exaggerating things. Again, as previously mentioned, the GBP and related currency pairs have recovered from their historic low in July and there is no way Paul would have earned that much following the same formula.
- The exaggerated profit figures
If there is an openly obvious lie in the entire presentation, it is the one about the profits that one stands to earn when using Brexit Bot. The first thing you see on landing on the members’ page is ‘Sign Up Today to Earn $25,714 in One Day”. Anyone with even half a brain will know that there is no such thing. That borders on giving away free money, considering only a minimum deposit of $250 is required. The truth is, the only free things in the world are air and sea water. Further down the members page is some sort of comments section which is really nothing more than a collection of fake testimonials. Here, you read all sorts of things, including how a certain lady earned $600k in a span of one month. Others claim to have left their jobs after realizing that with Brexit Bot, they could make double, even triple what they previously made in active unemployment. All we can say is, lies, lies!
brexit bot promo
- Where the brokers at?
We noticed that all through the video, and on the site, there is no mention of the brokers associated with Brexit Bot. This is pretty odd as many sites are very open when it comes to their affiliated brokers. Even so, only the legit ones are that open. Sites like Brexit Bot may find it hard disclosing the brokers on their list as they are nothing to talk about. We suspect that the list of brokers is kept under wraps because it contains highly suspect brokers, something that could further destroy the nonexistent reputation of the site.
- Limited membership spots?
Another lie that Brexit Bot perpetuates and which we have seen in a large number of illegal sites is the one about limited membership spots. In Brexit Bot’s case, it is not about the number of positions but the amount of time. Allow us to explain further, when you visit the site, you have to provide your email address and name to gain access even before signing up, something we find very odd. Anyway, after doing that and proceeding, a timer appears at the top of the page showing you how much time you have left to register an account. If you believe this is true, try refreshing your browser and you will see a different time frame in the timer. It is very sad that Brexit Bot and its owners are so fake that they have to fake legitimacy.
- Paul Harrison or Mr. Fiverr?
Since Paul Harrison claims to have been a binary options trader for several years and a millionaire, we were surprised to find that his name doesn’t appear in any of our searches in financial journals and binary options magazines. You would think that being such an experienced and revolutionary trader as he claims to be, there would at least be some trace of him. Unfortunately, we found zero trace, even on social media.
Furthermore, Brexit Bot claim to be a financial services company making huge profits yet the name doesn’t appear in the list of registered Financial companies in the world. There is also no telephone number or physical address provided on the site, which proves that the owners are afraid of getting tracked down after engaging in their fraudulent activities. Further still, for a site that claims to make such big profits, Brexit Bot is pretty unknown, even in binary options inner circles. The more reason why we think they are up to something fishy.
The question of whether Brexit Bot is a scam or not is not really a question to us. We already had an answer to that as soon as we got to check out the site page. Brexit Bot thus joins our long list of blacklisted softwares which keeps getting longer. We hope traders keep of the fake systems and pay more attention to legit ones such as Binary Options Robot which has amassed hundreds of 5-star Ratings.
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