We have reviewed hundreds of scams software and looks like we have found one to be added in the list. This complete Centobot review will expose the truth behind this new application. We believe that this system is a scam and we will prove it to you in this review.
But before we present to you the evidences we gathered during our investigation, let us first discuss to you how the program works according to them. Centobot is the latest binary options robot, developed not to help you produce money but to steal your money. This program is one of the most ridiculous trading system that we have encountered and you will find out why as you continue to read this review.
At present, it is hard to avoid the scam binary options brokers. They dominate the World Wide Web and every new application being introduced has something fishy in store for you. In this review, we will discuss about Centobot. There are lots of questions being asked about this app and we are here to provide you an answer.
You are reading this Centobot review because you are interested on this robot but you have some doubts. Good for you, after reading this you will be able to decide confidently.
Centobot is a platform that is supposedly designed to help you in trading. It was not clearly indicated as to when it was launched but based on who.is it was registered only this year, February 16, 2017 to be exact. Exposing the lies about Centobot is easy. Even an ordinary person can easily find it once you visit centobot.com. Indications of being a scam are obvious in their centobot.com website.
Centobot is Scam – Three Evidences
Centobot tries to convince people that they can actually generate up to 120% profits on each investment and it has 90% winning rate. They are trying to show that making money is possible and easy with Centobot.com. But the truth is quite the opposite. This is the reason why this review was written, to warn the people and protect you against this scam. Cento Bot is after your money so make sure that you stay away from them.
Their supposed registration process is easy. All you need to provide is some personal information and you are done. From the time you sign up, you will be introduced to a confusing interface. The developers tried to present a sophisticated interface, so the new traders would think that Centobot.com actually working with a highly-advanced application. The truth is that the interface is trying to confuse you. Centobot is providing you a bunch of information to make it look good. The process of getting started is similar with other trading system. You need to register first, activate your account and then start trading. Keep in mind, the system is not free. You need to deposit the minimum amount if not you won’t get access to the software.
First Evidence – Date of Registration
We already mentioned this earlier in our Centobot review, during our investigation they claim that it has been operating for a year and there are hundreds and thousands of traders using the app. In order to confirm their claim, we checked it at who.is and we are right about it, this app is not in operation for one year but only for one month. Centobot.com was registered only last February 16, 2017.
This is an obvious indication that Centobot is scam. The developers aware that people will not trust a software that haven’t proven anything yet.
Second Evidence – No Algorithm
This is yet another obvious indication that this platform is created only to steal your money. Upon checking, centobot.com does not explain or provide any information on how it works. If you want to invest in any trading program, the first thing that you want to know is how the system works, what indicators Centobot.com is using, how they analyzes the market, what are their trading techniques, and the algorithm they apply to execute successful trades. The only thing that Centobot has provided is that it’s an automated trading program.
People know that you are an automated trading system and that is the reason why Centobot is interested with your platform, what the people need to know is how the program works and what it actually do. You should not trust any binary options robot that does not provide any idea on how it will generate cash. Not providing the process on how the system works is a clear indication of a scam app.
Third Evidence – Unregulated Brokers and Fake Awards
We have reviewed hundreds of scams software and most of them would require $250 as the minimum deposit needed to start trading. But in the case of Centobot, they are only asking for $10 deposit. Clearly, the robot is up into something. The real reason why centobot.com is asking for a low investment is not to let you test the system without the risk of losing a lot of money. Their main reason is so you will not get suspicious and they can easily attract more people with this and eventually steal your $10. They are after the low and middle class who do not have enough money but want to invest in trading. Another obvious sign of being a scam is the awards, they are all fake.
Centobot Review Conclusion
This comprehensive review clearly shows that Centobot is scam and you should not trust them at all. Although it requires only $10 to start trading the fact remains that they are stealing the money of many traders and it is not acceptable. It is your decision whether to give it a try or not.
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