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The Forex trading world is replete with crypto robots such as Big Money Rush. They are often made in the most absurd and their websites are quite self-serving. In most cases all they have to offer is a simple, low-budget narrated trailer-video which, ideally, should convince traders to invest with them. And Big Money Rush does not differ from the pact. The video-trailer is done in quite a distasteful manner and, above all, is quite unclear as to what precisely the crypto robot offers, besides, of course, unlimited riches for the “new members”. In fact, we learn absolutely nothing about the product the crypto robot purports to provide, the video itself is only made up of sliced sections of interviews with people from the financial world regarding the possibilities of bitcoin. 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. A search in the web did not yield any relevant results besides warnings of fraud. It turns out that Immediate edge is part of probably the most popular scam out there. Precisely through such websites, furnished with ludicrous statements about possible future 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 “Immediate edge” and their “team of talented brokers” are offering, not some trading application ahead of the market that may incur riches to any willing trader. Usually, after registering with the crypto robot we get redirected to the website of some shady unregulated brokerage, however, with Big Money Rush we came upon the following:
We read that the “personal manager” will contact us shortly, however, we highly doubt such a thing will occur. Most likely a representative of a shady unregulated brokerage will be on the phone bullying us to deposit with them.
No verified track record
Even if we choose to believe Big Money Rush 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 Big Money Rush 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, Big Money Rush 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.