Verified Robot, found online at VerifiedRobot.com, is a cryptocurrency trading robot that promises “automated profits” with no work required. Find out how it works today in our review.
What Is Verified Robot?
According to the official website, investors who purchase Verified Robot can expect “automated profits”. You just give the robot money, and the robot will magically start generating profits. All the robot does is buy low and sell high – it never generates a loss, and you can expect to get rich “in a short period of time” after depositing money.
Obviously, there are countless trading robots on the market today, and many of them come with over-hyped promises and unrealistic earning goals. Is Verified Robot yet another automated trading scam? Or is this a legitimate investment opportunity? Let’s find out how Verified Robot plans to automatically generate profits.
How Verified Robot Automatic Crypto Trading Robot Works
Verified Robot buys and sells cryptocurrencies automatically. The robot’s job is to buy low and sell high in order to consistently generate profits for users. Here’s how the website explains it:
“Our robot uses a complex set of trading algorithms to determine the sustainability, grow, and fluctuation of the market that helps you make the most out of your investment.”
The platform claims to have “thousands” of members already. Investors can expect to earn “remarkable profits” through the platform “in a short period of time.” The official website makes it seem like there’s absolutely no risk involved: investors are virtually guaranteed to earn easy, automatic profits.
In addition to Verified Robot’s automatic trading, the company offers manual trading as well. If you don’t trust the robot to automatically make profitable trades on your behalf, then you can use the platform to make your own trades.
Here’s the process you can use to get rich quick through Verified Robot:
Step 1) Open an account on VerifiedRobot.com
Step 2) Deposit funds into that account (Verified Robot requires a minimum investment of $250)
Step 3) Click “auto trade” and choose the cryptocurrency you want to buy or sell
How Does Verified Robot Really Work?
In reality, Verified Robot isn’t a profit generating automated trading system. Instead, the website seems to function as a gateway to a crypto futures trading website. You sign up through the platform, then begin buying and selling contracts for difference (CFDs). These controversial trading products are often touted by “get rich quick” schemes online.
With CFDs, you’re not actually buying or selling cryptocurrencies. You’re just buying or selling bets based on the future price of those cryptocurrencies.
In any case, Verified Robot provides no proof that anyone has made any profit through the platform – whether they’re trading CFDs, cryptocurrencies, or other investment vehicles.
Verified Robot refers you to a futures trading website called Valforex. A quick Google search shows countless 1 star reviews for that website, with dozens of reviewers calling it a scam.
Who’s Behind Verified Robot?
Verified Robot refuses to disclose the names of anyone involved with the project. The website makes no mention of an office location or any other way to verify the company actually exists. There’s only one way to contact the developers: using the email address [email protected]
If someone created an automated trading robot capable of making profitable trades 100% of the time, you’d think they would want to attach their names to the project. Verified Robot, however, has no transparency about who’s running the operation.
A WHOIS lookup reveals that the website was registered to an individual named Valentine Okpala, who runs a company called Valforex Ltd from Virginia Beach, Virginia. The domain was registered on April 28, 2017.
Verified Robot Conclusion
Verified Robot makes absurd claims about the expected returns of investors. The product’s official website is filled with users who have earned thousands of dollars through the platform. There are pictures of users – all of whom have obvious stock images as their profile pictures – who claim to be making 500%+ ROIs consistently using the trading robot. There’s no proof that anyone has ever been paid by the platform, and the total lack of transparency makes it seem like Verified Robot is a gigantic scam.
Ultimately, if someone approaches you and claims to have an “automated profit generating system” that can make you wealthy in a short period of time with no work required, it probably means you’re being scammed. Based on everything we can find about Verified Robot online, the platform is absolutely a scam.