FBC14 Algorithm Review: A Deadly Scam

 
Have you been scammed by a broker? Complete this form now to get free consultation from money recovery experts
Do you want to expose a broker or comment about their scam activities? BrokerProfile is the uncensored forum where you can discuss freely about good and bad actors.

FBC14-algorithm.com is an infamous “investment software” and a scam.

The website of FBC14 algorithm is piggybacking on the popularity of a previous UK investment scam called FBC13 algorithm.

This suspicious vendor is claiming to provide an app that teaches people how to be efficient in trading.

The sales page claims that FBC14 algorithm saves time and is suitable for both beginners and professional traders.

Its user-interface is similar to that of scams that peddle binary options trading.

Users are supposed to act on the information that this algorithm provides them.

When price goes up, they Call and when going down, they Put in order to make profits.

This is a typical example of a binary options trading operation, which makes FBC14-algorithm.com a bona fide binary options platform.

The website has a very poor trust rating and they even tell users that their information will be shared with third parties.

This means that if you sign up (whether you proceed to depositing funds or not), your data will either be sold or shared with other scam website who may also send you unsolicited emails.

For that reason, I don’t recommend FBC14 algorithm.

If you would like to trade in a safe environment, I suggest that you check out these recommendations rather than put your money in a sure investment scam that is FBC14 algorithm.

FBC14 algorithm review: Insulting your intelligence

These guys are anonymous. Their website does not provide any form of physical address yet they claim to run their operations in a professional manner.

The anonymous owners of this scam investment operation are also claiming to be professional traders who “respect time”.

The only thing they seem to respect is the process that goes into scamming a victim.

Also, the sales page does not provide strategy insights for the so-called algorithm.

Users are encouraged to sign up, deposit funds and start trading immediately regardless of their experience.

This is not the way to go especially if we consider that trading requires practice, and this calls for a demo account before we can go live.

While FBC14 algorithm website acknowledges that trading requires practice, they offer no demo accounts at all.

The only thing they want is your money and obviously you will lose money.

FBC14 algorithm is accepting deposits from investors.

Funds are being wired or sent directly into the scammer’s bank accounts.

In the process, they are setting up a trading simulator for investors and asking them to do the trading on their own.

99.99% of investors will lose money because this is a scam and secondly, nobody has ever made money gambling binary options.

Furthermore, FBC14 algorithm is not disclosing whether or not they route their pricing into the markets like ECN or STP brokers do it.

This is why investors who sign up will be trading on a simulator while thinking they are connecting with the financial markets on a real trading platform.

FBC14 algorithm isn’t regulated

By presenting a trading platform and accepting deposits, they are acting like a Forex broker.

Most platforms that engage in this sort of business needs a license from the regulator in their jurisdictions.

If you see a broker like Saracen Markets providing financial services without a license, then you must really suspect that they are a scam.

This is the case with FBC14 algorithm. Not only do they lack a regulator’s license for running an underground brokerage business, but they also fail to provide a physical address for investors to follow up.

The Conclusion

Not much can be said about these scam investment platforms because their mode of operation is basically the same.

They want you to deposit money and trade on a rigged platform so you can lose it all.

Their is no oversight authority or a third party to protect you from this serious breach of consumer rights.

While at it, the innocent victim continue to lose money to these bogus investment operations that clearly emit red flags.

Do you want to submit a broker or comment about their scam activities? BrokerProfile is the uncensored forum where you can discuss freely about good and bad trading service providers..

Leave A Comment