Name: Oz Robot
Owner: “Paul Ring”
Website: www.ozrobot.com
Price: “Free”
Overall Rating: SCAM!
I think I get a spam email from the owners of Oz Robot every single day, so I thought it’s about time I do a review on one of the biggest spammers I’ve ever seen.
Just like China Millionaire did, someone has managed to create another scam from the land down under. Although it may seem legit due to the use of the Australian Dollar, please read this review to its entirety before you become another statistic.
What it is
Oz Robot is a binary options trading software. Just like it says in the name, it is a “robot” that will show you when to take trades in the world of binary options trading.
Who this is for
This software is really for no one. However, they do target the complete newbies and the people promoting this scam will also put out good reviews, claiming that it works, even if they have never tried this scam themselves.
Why Would Anyone do Such a Thing?
In the world of online marketing, it is very easy to make money. When you click on their link promoting Oz Robot, they will get paid a commission in the process.
They don’t care if you win or not, but they will get paid no matter what. On the owner’s side of things, it is done a little differently.
How Everything Works
In the world of binary options trading, you will need to signup with a broker. If you partner up with any of these brokers, you can make a commission if you refer people to them.
In the world of Oz Robot, they found a way to get people to that broker and they did it in the form of their little robot software.
Does the software work? Nope. Do they care? Of course not! They can do all of this legally and it is a very legit way of doing things.
Always Read the Terms & Conditions
When you get signed up with Oz Robot, it is completely free. Yeah they have all types of screenshots of cash and cars along with fake testimonials, but that my friend, is completely legal.
However, if you read Oz Robot’s terms and conditions, you will see that they do not have any guarantees and you are really on your own by joining their scheme.
How they Get Paid
When you get to the second page that asks y0u to put in your email address (again), this is where you you are actually signing up to their “recommended” broker.
Once you get signed up, the boys of Oz Robot will get paid. It doesn’t matter if you win or lose, they will make their money. Then you’ll be on your hunt for the next best thing.
The Real Price
I know they claim to be free and also give you a little free trial, but that is nothing more than a nice little marketing technique.
All transactions are done on the broker’s side of things. In order to trade with almost every broker, it is going to be a minimum of $200.
$200 is not chump change and they will be getting their commission for referring you to these brokers. Even at that, you still can’t trust these shady brokers either.
You will run into a 90 day free trial, but please ignore that, along with the timer that will just reset and give you another chance to signup.
Product Overview
Name: Oz Robot
Owner: Paul Ring
Website: www.ozrobot.com
Price: $200
Final Verdict: SCAM!
Although they conduct their program with a very professional approach, please don’t let your curiosity get the best of you. You can maybe win a couple of trades, but that is nothing but pure luck. Stay away from this!
Conclusion
There are literally hundreds (if not thousands) of these binary options trading software scams out there and they all scam you the same way. Don’t let the figures fool you, because that is very unlikely.
I have had my share with trading binary options and I think I’ve lost enough money for the both of us. It is nothing more than a flip of a coin, so do proceed with caution.
There are too many people looking for an honest way to make money from home, but end up falling to these schemes. Is there a legit way to make money online? Absolutely!
I use a program called Wealthy Affiliate, but I can promise you that you will not make money overnight. So if you’re still looking to get rich quick, this will also not work for you.
I hope I have given you a better understanding of not only Oz Robot, but other binary options trading software scams. Thanks for reading my review and good luck!
– John
A Work at Home Jobs
Avoid The Success Cycler Scam At All Costs
You are wright. There are many trading software out there and they all might be scams. They will get paid a commission in the process when they get us to the second page that asks us to put in our email address (again), this is where we are actually signing up to their “recommended” broker. That is why after cliking to most of the link, the same recorded video clip promoting their software pop up. Then the same proses repeat with provocating, promising, promotion emails with similar links comming in.
Now my pc screen (email box) is full with emails comming in from nowere. All with links that lead to the same particular software.
I would rather joint in the trade if there is someone real life beside me, assist and guide me from time to time and together making profit.
Thank You.
SALEHUDDIN BIN MUHAMAD
salehuddin@ciast.gov.my
13 August 2015