Commodity Robot System Review: Expensive Scam or Not?

Posted by Vince in Not Recommended | 0 comments

Of all the scams I’ve seen, read or heard about – this may possibly be the worst. Now, I don’t usually throw superlatives but you’ll understand why in just a few minutes. You may have noticed that I often visit the homepages of these programs first. This is to put myself in the shoes of the usual customers – the average Joe just trying to look at new money-making schemes that may or may not work.

So here it is.

They have a pretty long sales video – and I mean, long. If you’re curious but don’t have the luxury to spend more than 15 minutes to watch the typical promises and back stories, then let me give you a quick summary. As usual, it starts out with the person “just like you and me” which I don’t really get since some of us work the 9-to-5 grind while others are stay-at-home parents. Then, of course, there’s that thing about discovering mistakes or anomalies in algorithms. It actually gets a little technical especially for those who have no previous experience when it comes to trading.

In their site, they have a small screen showing the live trading status of all the “commodities.” While there’s a CLICK TO VERIFY option at the bottom, it will only show you some company information and trading history. There’s no telling if these numbers are true and accurate since I thought it was supposed to be legit third-party verification.  Then, you’ll have a series of outrageous claims on the potential profits and how it came to be. Also, upon scrolling down, there’s a tiny box how many copies are left. This is another red flag since scarcity tactics are fairly common for scammers. It’s a way of propelling you to take action.

The video also contains clips of the creators Antony Kemble and Ronald Kravchuk but if you continue watching, you’ll realize the clips are the same – just strategically placed when the narrator would mention any of them.

WHAT IS IT?

Commodity Robot claims to be “The World’s First Commodity Trading Robot” and its technology can help predict trading results. It would then help minimize risk and losses and consequently increase profits.

They’re offering different modules for each commodity namely Gold, Silver, Copper, Oil, Palladium, Bitcoin and Coffee.

Though they keep on repeating how their system is NOT about binary trading, in reality, it’s no different from all the previous bots. They employ the same scheme but with more technical terms and a whole lot of creativity to make it look different.

However, there’s one thing that I find absolutely outrageous about Commodity Robot – it’s the package rates.

If all the binary options trading software don’t cost anything, the Commodity Robot is mighty expensive:

BASIC: $999 (Includes Gold, Silver and Oil with a maximum trade balance of $250K)

DELUXE: $1599 (BASIC plus Coffee and Copper with a maximum trade balance of $500K)

PREMIUM: $1999 (BASIC plus Palladium, Coffee, Copper and Bitcoin with a maximum trade balance of $1M)

ULTIMATE: $4999 (Includes all the commodities, one-on-one 24/7 support, direct programmers’ connection, yearly performance meetings with hotel stay included)

The huge price does make it seem legit but they’re just raking in bigger profits for themselves what with the affiliate commissions for every new sign up. If the usual binary options scammer reaps $500 with just a $250-cost trade, imagine how much the creators of this program could earn?

What concerns me the most is the financial risk involved. Yes, they offer a 60-day money back guarantee but some people claim that they’re unable to reach customer representatives that they end up opening disputes with their credit card companies.

CONCLUSION:

Most of the other binary options programs before Commodity Robot proved to be a scam and they have pretty much the same system. It can also be difficult to find real reviews since they paid some of them. So I’ll leave it up to you to decide. But just remember, we’ve seen all these before and 5 grand is just not something you can easily brush off. If they’re over-selling, it’s because they’re usually desperate and in that case, it might not be as profitable as they made it sound.