Beware! The Profit Maximizer is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Crypto robots such as The profit maximizer are splattered throughout the Forex trading world. Often made in the most absurd manner – their websites are quite self-serving and we will explain why. In most cases all they have to offer is a simple, narrated trailer-video which, ideally, should convince traders to invest with them. And the Profit maximizer does not differ from the pact. The video-trailer is quite gnarly and unclear as to what precisely it offers, besides, of course, unlimited winnings for the “new members”. In fact, we learn absolutely nothing about the product the crypto robot purports to provide, there are only small irrelevant pieces of information scattered through the website such as the mischievous statement that “we are one step closer to earning a thousand bucks a day. Here is a screenshot of the webpage:
From what we could gather – there appears to be some sort of autotrading application that needs only our initial deposit to begin filling our pockets with daily winnings.
No name, no address, no number
After doing our usual research we come across disturbing, but not unexpected, results. It turns out that Daxrobot is part of probably the most popular scam out there. Precisely through such websites, dressed up with farcical opportunities for winnings, traders are convinced to register and carelessly give away their address, phone number and email. Minutes later that same personal data is sent to brokers as “leads” and the registered traders begin getting phone calls from unregulated forex brokers like Capital4Bank or CCDFBank, urging them to invest. Cheap traffic is actually the product “The profit maximizer” and their “team of talented brokers” are offering, not some trading application ahead of the market that may incur riches to any willing trader. And it would appear that The profit maximizer is connected with the brokerage by the name CCXCrypto. More often than not, unregulated brokerages rely on such methods for attracting clients to their trading platforms. After registering with the crypto robot we came upon a “platform” of the brokerage which looks quite fake. Here is a screenshot:
No verified track record
Even if we choose to believe The profit maximizer about it’s new product – which we certainly do not advise – there are still problems. To put it bluntly – we have no assurance for results. In trading there are social trading platforms such as the Zulutrade where you may search through the profiles of different traders and see how much they are winning or losing before investing funds with them. This is done through tracking every deal they have made and even seeing the results of all the rest of their followers. Such transparency adds significant assurance and partially, if not fully, removes risk. Where as with half-baked and senseless websites such as The profit maximizer you are relying on blind faith.
No regulatory supervision
Furthermore, there is absolutely no regulatory guarantee about the whole product. The people behind the website do not fall under any regulatory oversight and their hands are untied to do pretty much as they wish. They also lack SSL encryption which compromises any information transferred through the website.
Last, but not least – the mere way in which such operations look for funds should raise major security concerns. If the crypto robot truly did offer an exciting and legitimate product, it would have found an alternative way of financing itself, instead of relying on cheap traffic through a cheesy bait-clicking commercial about itself. They could apply for a credit at the bank or raise money through crowd-funding. Although, in order to do that successfully, they have to be legitimate – which they most likely are not.
All in all, The profit maximizer comes across as a standard scam operation – the likes of which we have seen a lot – and we advise those interested not to risk it.