FBC14 Algorithm Review. The FBC14 Algorithm scam is marketed as an automated trading software that’s powered by advanced AI algorithms. Currently there are two versions of the FBC14 Algorithm trading app, and one of them is what refer to as a “sloppy scam”. A sloppy scam is when con artists replicate a website and switch logos, but forget to change other relevant sections of the design, content, or sales video in a convincing manner.
In this specific case the scammers copied an old website named “Oil Profit”, and renamed it as FBC14 Algorithm. It has also come to our attention that a sneaky affiliate network specializing in search engine promotions picked up on the fact that there is a lot of advertising and buzz around FBC14 Algorithm. Consequently, these promoters immediately created their own version of the scam which is much “softer” and designed for more inquisitive viewers who try to conduct research and end up getting stuck with an alternative FBC14 Algorithm “official website”.
FBC14 Algorithm Complaints: The complaints we received had to do with money that was invested and now impossible to withdraw. We when we heard this we immediately signed up to conduct our £250 deposit test, and the CFD (contract for difference) broker which was assigned to us was named “Bit Invest”, and it has a registered business address in Belize (dodgy legal jurisdiction). Other complaints had to do with pushy sales reps making excessive calls during awkward hours, as well as rude or unprofessional conduct.
So if you are keen on investing with the FBC14 Algorithm trading software, we strongly advise you to refrain from doing so. Our research staff has done an exceptional job of exposing this latest sham, as well as the con-artists who are orchestrating it. If you are still unconvinced, please take a minute and read our revealing FBC14 Algorithm review before risking your hard-earned money.
Official FBC14 Algorithm Website, Login Page, and Members Area: We have spotted multiple URLs, and they all claim to be the Official Website
FBC14 Algorithm Review, Executive Overview
The FBC14 Algorithm is advertised as an AI-Powered trading algorithm which buys and sells “Oil” contracts on auto-pilot without any need for human intervention. There is also a second version of the site which mentions cryptocurrencies and enhanced trading sessions built on optimized settings as well as automated trading strategies designed by experts. Both versions of the FBC14 Algorithm are scams and designed to illegally solicit funds from unsuspecting opportunity-seekers.
FBC14 Algorithm Proof of Scam
Below is the main website and registration area for the FBC14 Algorithm trading software. If you look at the video presentation at the center of the screen you will see an image that says “Oil Profit”, but the logo at the to clearly says “FBC14 Algorithm”. That means the scammers just copied and pasted a new logo on an old website. They didn’t even bother editing the video and graphic design.
FBC14 Algorithm, Another Cookie-Cutter Format Scam
Below you can see the “famous names” section, where Ed Seykota and Warren Buffet appear. Here too, the scammers have copied the texts verbatim from an old and outdated Bitcoin scam which we have already exposed here on ScamCryptoRobots.com some time ago.
What Is The FBC14 Algorithm and How Does It Work?
As we have previously mentioned, the FBC14 Algorithm is advertised as an automated trading technology which selects winning trades based on optimal market data. The original version of the software uses the same sales pitch, but uses the old “Oil Profit” scam sales video.
FBC14 Algorithm Review. Efficient Trading Solution Or Scam Auto-Trading App?
The FBC14 Algorithm scam employs a series of well-known catch-phrases which are very commonly used by get-rich-quick schemes in order to trap unsuspecting victims. Hyped up claims such as “guaranteed profits”, “unprecedented financial freedom” or “zero loss” are constantly interwoven into the regurgitated sales pitch. We also find it peculiar when we register and the broker on the line tells us that the FBC14 Algorithm is “just an affiliate site” and has nothing to do with trading automation.
Furthermore, we were specifically told that unless we invest at least £1,000 we would be refused entry and the cashier will not be made available to us. This is happening because the CFD brokers are getting greedy and keep asking for higher initial investments in order to justify the affiliate commissions they have to pay, as well as other operational costs such as salaries, electricity, and telephony fees.
Moving along, some websites would have you believe that FBC14 Algorithm allows you to gain access to “up-to-the-minute information on all of your trades” whilst simultaneously monitoring market trends in real time. There is also some talk about artificial intelligence and advanced reporting such as OLAP, which multi-dimensional statistical modeling designed to generate more advanced business intelligence.
Again, this whole idea about using a totally anonymous software in order to make billions like the super-wealthy oil tycoons is much more than far-fetched. It’s outright farcical and the scammers who are trying to sell you these lies have a hidden agenda that you are not aware of. Simply put, they could care less about the authenticity of the offer they are peddling and the only motivating factor which they consider to be of value is the referral commission they receive from their brokers on behalf of paying clients.
FBC14 Algorithm Settings, User Interface, Strategies, and Indicators
Sadly, there are no settings and victims registering for this sham will not gain access to an advanced user interface or any types of strategies. Instead, users will be subject to a myriad of dirty persuasion tactics designed to illegally solicit additional funds.
How Much Does It Cost To Join FBC14 Algorithm?
The advertised rate is £250, but as we have previously stated sometimes the brokers ask for significantly more. We were requested to invest at least £1,000 or go our merry way.
Fake FBC14 Algorithm Reviews
Below is one example of a fake FBC14 Algorithm review (there are more like it). As you can see, these liars are saying that the FBC14 Algorithm is a “powerful algorithm” which allows you to generate much more money than yo can possibly earn “with your job”.
It’s worth mentioning that most of the fake review websites belong to one affiliate network that specializes on search engine promotions. However, there are also fake Trust Pilot and Reddit reviews, as well as spam on various forums.
FBC14 Algorithm Fake Celebrity Endorsements
So far we have not seen any fake news campaigns associated with the FBC14 Algorithm scam. However, we are sure that as time passes this trend will change as media campaigns using actors and high-profile public figures for promotional purposes are certain to appear online.
FBC14 Algorithm Customer Support
When we tried contacting the FBC14 Algorithm customer service staff we were not able to. The email simply bounced and that was the end of the story.
FBC14 Algorithm Cashier FAQ
Making a deposit through the FBC14 Algorithm cashier section of the software is very easy. However, try to make a withdrawal and see what happens. When we started inquiring about cashing out we were literally threatened and told to refrain from doing so or risk having our account locked.
FBC14 Algorithm Regulatory Aspects
The FBC14 Algorithm scam completely lacks any form of transparency. Software development companies that wish to launch new systems are required by law to act in accordance to certain regulatory guidelines. There are certain deviations regarding licensing authorities based on their geographical locations. For example, Australian companies are subject to more regulatory requisites than European companies (we can’t say why – it’s just a fact). Then again, there are some industry standards which apply to all. These standards include but are not restricted to ISO software certification, security and privacy issues which have to be addressed, and then there is the whole patenting structure which may or may not be relevant depending on the circumstances.
Is It Safe To Use FBC14 Algorithm?
Well, we don’t believe you will be subject to malicious attacks or spyware which will be downloaded to your computer or device without consent. We do however know that you will start receiving spam about all kinds of offers, and sleazy sales reps will keep calling you for a very long time.
What Are Contracts For Difference?
A CFD is a digital contract between a buyer and a seller. Both parties agree that when the contract expires, the profit or loss is based on the margins. Meaning, if the contract expires outside of the money, the buyer loses and if it expires in the money (ITM) the buyer profits based on the contract rates. CFD’s are derivatives which carry significant risk as well as high rewards. However, scams like the FBC14 Algorithm downplay the risk factors and keep emphasizing the potential profits.
Tested Alternatives That Work
There are many systems that have been launched and supposedly provide a “failsafe” way for traders to generate money online. Unfortunately these are simply scam services designed to attract uneducated or uninformed customers who wish to take advantage of a legitimate automated trading app. However, once in a while a new software appears which actually shows promise. Once it passes our testing process and generates money consistently we add it to our recommended section. But don’t just take our word for it. Check it out for yourself and see what it’s all about!
FBC14 Algorithm Review, Summary, and Conclusions
The FBC14 Algorithm scam app and automated trading software is a scam not to be trusted. Our staff was able to produce proof of scam which consists of multiple forms of evidence. The sloppy use of cookie-cutter formats, copied texts and images, and integration with unlicensed offshore brokers are the hallmarks of a modern-day CFD-crypto scam. It is for that reason that we have chosen to blacklist the FBC14 Algorithm app, and advise our members to avoid it. If for some reason you believe we have made a mistake and would like us to rectify or revise our review, please make sure to leave a message below or message us through our contact page.