Beware! Aussie Formula is most probably a scam system! Your investment may be at risk.
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Aussie Formula website is basically all about a video, promising you amazing returns of over 7000 USD per day or over 750 000 USD in just 30 days, if you agree to invest with their trading software, which, they claim, will trade for you absolutely automatically – you do not have to understand anything about trading or computers.
No name of the company behind the website
The Aussie Formula website is completely anonymous. We do not know the name of the company behind it, there is not even a contact number. So basically Aussie Formula is just the latest of a series of robo – scam websites, which are designed to hook gullible investors to register and leave their e-mail and phone.
And if you register, you will be contacted by an unregulated, offshore broker, like OB Trend or KDFX, where you will be invited to invest between 250 USD and 300 USD for a start. If you do that, the robo – scam website, like the Aussie Formula, will get its commission.
Besides, that is exactly what Aussie Formula tells us in its presentation: “Once you are in the members area, we will recommend a broker that you can use to begin trading”.
No track record
The Aussie Formula promises their software will grant you 98% accuracy of your trades. And they say this will happen totally automatically, with a return of about 700 000 USD for the first 30 days only – at least that is what all the happy people form the testimonials in the video tell us.
Aussie Formula, however, dose not go into details about how exactly their software works. And besides, we are not talking about social trading here. There are legit and well known social trading platforms like Zulu trade and eToro, where investors follow the signals of professional traders, calculating the risk, they are willing to take. This is not the case with Aussie Formula.
No regulatory guarantee
As we already discussed Aussie Formula is a totally anonymous website, so naturally there is not a single word about regulation in their presentation.
Have in mind that sound regulation is the single most important factor for the safety any investment on the retail forex market.
We strongly recommend you to deal only with brokers, regulated by a respected financial institution, such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).