Is Fincrowd a SCAM or LEGIT Trading System?
Fincrowd by Sam Maxwell at fincrowdapp.com is a dangerous scam trading signal services that recently trick traders! With pledges of earning thousands of dollars per day, the reality is far from it. Please spare a few minutes to understand our Fincrowd Review where I shall share some evidence of falsity within the system. As much as trading online with the help of auto-trading tools can work! But investing with Fincrowd will end up as a losing investment within a short span of time.
With a high number of complaints ever since Fincrowd App came into the industry this May 2017, my review team investigated and affirms several phony aspects. Sam and his team of liars build an impression of professional hedge fund services. Furthermore, using the concept of crowdfunding to lure us, investors, is nothing but a smokescreen towards the truth.
If you are interested in earning some extra money online, it is advisable to hear me out and learn some facts on this “Get Rich Quick” fraud. There is only a handful trading system that is actually good for traders. Because scammers are actively trying to produce a fraudulent trading app that promises unrealistic profit potential. But at the end of the day, these over promising statements leads to bad investment.
Why is Fincrowd a SCAM?
Firstly, the concept of crowdfunding investment Fincrowd uses doesn’t quite make sense in the financial trading world. It simply doesn’t give anyone an extra edge but the term simply mean gathering initial capital. Equity crowdfunding is simply a process investors fund startup businesses. Hence, the whole infrastructure Sam Maxwell represents is actually another hoax.
It’s also shocking to find the extent of falsity in the presentation itself about both Sam and Fincrowd as a company. I’ve checked out his background whereby he is supposedly an Analyst from Highbridge Capital Management in New York city. Interestingly enough Sam has zero certification on financial trading or any social records of his expertise.
Make no mistake, Fincrowd claims that it served investors over the years winning 20 awards. But there is NO real award given to this bogus company! They have only recently emerged within the trading community to trick traders this month and did not exist before early this year. There is no Client Safety, Best Trading Signals, Client Satisfaction, Usability and Client Results available for us to verify. In reality, Fincrowd App doesn’t perform 89.7% success rate nor at 70%. Victims that lost money with this software shared that it works at best 50% which is not enough to make a profit!
Fake Demonstration & Character!
The falsity doesn’t stop there as I found more alarming details about the people associated with Fincrowd. Since Sam is a bogus CEO creator, it is no surprise that everyone else is scam actors! True enough I identified some of these actors true identity. For example one of Fincrowd’s Chief Technology Officer, David Wang, he is actually an actor named Quinn Knox. Even the success story and testimonials are scripted act that provides no genuine demonstration, unlike the one I show.
Some of these scam actors are from Fiverr.com where they support these unrealistic claims and lies on Fincrowd. Stories of earning thousands on the first day also contradict the presentation that claims to grow 4% – 7% per day growth. Which is a very weird thing to say when the math doesn’t add up especially these small growth doesn’t reflect thousands of profit from few hundred dollar investment?
Up to this point, I’m confident to say that the presentation is inconsistent even to the point of illogical calculations. The demonstration shown in the presentation is using fake trade history that has same entry/expiry date and time. Also, the payout doesn’t add up where the presentation shows a $50 payout with $25 investment. Typically this is not possible as brokers payout ranges between 70% to 90% of invested amount, not 100%. Note that the same execution and end date/time across all trade are typical scam tactic. Scams that ends up in my Blacklist commonly use such cheap tactics to fool viewers!
Hence, there is no reliable demonstration or trade history to prove their actual success. Simply because Fincrowd will never be able to show a real showcase when they perform so badly.
Fincrowd Review Conclusion
Please stay away from Fincrowd SCAM because it is a bad investment tool that drains your initial investment. With the information above paired with negative complaints on this trading system alone shouts bad news. The lack of proper demonstration, as well as genuine successes, is replaced with misleading and false information. Crowdfunding is not a trading methodology that has anything to do with trading!
You will stand better chance of trading successfully with safer proven tools @ “Best Software Page”
How to Start Trading The Market Successfully?
There are essentially two approaches to trading, either Manually Trade yourself or use an automatic trading system. Both are viable methods that can generate realistic growth in an account. Choice of method purely depends on your own schedule and how much time you have to manage your trading account. Both methods are capable of growing your account by 10% to 30% per day which is a realistic grow. Instead of the millionaire get rich quick scheme, you should aim such a growth instead of earning thousands on the first day. The reliable tool can most certainly provide you a good platform to do that!
Auto Trading – This is basically a trading software that runs on an algorithm to execute trade decisions on your behalf. However, there are many scams out there that don’t perform up to standard. Hence, it is important for you to check our Blacklist and make sure not to invest into the phony software. You can also check out my demonstration of some Trading Software which I personally tested too! Check out the Links Below for some example!
Manual Trading – If you have some interest in learning to trade as a skill in life, this is the way to go! You will need a trading strategy or method as your backbone on how you are going to trade the market. Usually, a trader would have 2 different strategies catering to opposites market conditions. Hence, allowing you to trade flexible in changing markets. Practice new strategies on a DEMO account before risking your money too. Additionally, you can get trading signals from a Manual Trading Signal Software like I’ve shown my readers on Best Software Page! The link to the software is BELOW too!
|Essential Tools Traders Need to Have! 🙂|
SUBSCRIBE to the BLOG to receive latest Scam News, New Software Testing Results & FREE Educational Material (COMING SOON!) 🙂