Amazing Bots Company (amazingbotscompany.com) claims to provide passive investments opportunity using an automated robot.
The company will then deduct their commission from the profits that are supposedly generated by their robot.
Currently Amazing Bots Company is offering 2 investment plans with customizable risk profiles and a minimum deposit of $100 or $20,000 respectively.
Amazing Bots Company created their platform in June 2020 but they claim on their website that their product is in coming soon status.
This is rather odd considering that this website has existed for many months and we expect them to be working round the clock to complete whatever work is pending.
The vendor also claims on their website that they are making automated trading as easy as ABC.
Their promise is that they can deliver consistent returns even in the most volatile markets.
They would like investors to believe that their company will generate daily returns of 0.5%-0.75% (on 100% risk setting).
This means that if you are risking 100% of your trading balance, you will earn between 15% to 22.5% returns monthly.
Is this company really going to make automated trading easy and profitable as they claim?
We doubt them, and this is the reason we couldn’t include them in our list of the most recommended trading and investing platforms.
Amazing Bots Company review
This vendor’s website is quite economical with information. Their is no about us page or an introduction of who they are and where they come from.
Their support email suggests that they are operating out of South Africa, yet no further information is provided pertaining to their whereabouts/qualifications of their traders/developers.
This does not inspire confidence in investors. In fact, investors will be trusting them blindly by accepting to sign up and letting the automated robot trade their account balance.
Amazing Bots Company is also not accepting $100 deposits currently. They claim that this product is in “coming soon” mode.
However, they are more than willing to accept depositors who bring $20,000 and above.
It appears that the basic account option ($100 deposit account) has never been active, and the reason they announce it on their website is because they want to create the illusion that they are legitimate and are accommodating to all investors.
We feel that this company is actually not honest and upfront with their customers.
What we don’t like about Amazing Bots Company
They want us to contact them so that we can get to learn the broker that they’ve partnered with.
Investors who want to sign up will be forced to open an account with the company’s chosen broker. In fact, the vendor is the one that will generate a referral link for signing up with this broker.
It would be ideal if they disclosed who the broker is, upfront rather than trying to make this information discrete.
They also claim that they will waive management fee if investors are not making money from their trades in the first week.
This is the wrong approach to trading. It shows that this company is actually considering trading as as short term way of making quick profits.
Also, for us to make reasonable profits, we must set our account to 100% risk. This is quite unreasonable. We wonder what happens to investors accounts who will be tempted to take this risk.
Where are their trading results?
We don’t expect a website that is so economical with information to provide their trading results, as this is an area they would not like to touch.
Nevertheless, before you invest your $20,000, you need to at least see their trading performance for the last 6 months.
We want proof that their bot is making profits as claimed on the Amazing Bots Company website.
If we can’t get their trading results, then we see no need of signing up as this will be a stupid mistake to make.
Unfortunately, this won’t be our recommendation for today. We feel that it is such a gamble to invest with Amazing Bots Company.
The company has not provided us with valid reasons as to why they should be trusted to handle our investments.
Of course if you have experience with them, kindly let us know in the comment section.