It is not uncommon for dubious binary option systems to disappear from the Internet space and the re-surge after a couple of months. This is the scenario that is valid for a supposedly new software called Automata Formula, created and founded by ex-banker George Coleman.

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The automated trading system is supposedly in its final Beta Stage 7 testing phase and is made available for free to regular users for the last time. Mr. Coleman claims that it can generate $950 an hour and up to $20,000 even to complete newcomers.

Never taking things for granted, we decided to carry out our very own investigation into the robot and it appears to have some shady relations to a proven online scam. The Automata Formula is a dubious binary options software and it would be best for users to avoid it.

All the reasons for this as well as some rather intriguing details are presented and explained thoroughly in the review below. We recommend you to Proceed to Safe Binary Robot OR find a Reliable Robot to trade with form the table below.

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Basic information:

  • Price: Free Software
  • Software: Automated Trading System
  • Max Returns: 98%
  • Min Deposit: $250

Pros:

  • Free Sign Up

Cons:

  • Unreal Creator
  • Not Proven to Work
  • Negative User Feedback
  • Fabricated Testimonials
  • No Special Features

Top10BinaryDemo Verdict

Not Reliable Service

What is AutomataFormula System?

This binary options robot is supposedly a fully automated one and it is also focused on Algo-trading. What this means is that it is composed of complex computer codes which are on the constant lookout for profitable market opportunities and possible shifts in assets’ price. However, users should have in mind that there is a very scarce amount of feedback on the AutomataFormula Software.

So far, the available reviews and reports suggest that the automated trading system does not operate quite well. It accumulates earnings that are far lower than the promised daily earnings of $1,762 to $7,651. Furthermore, its promotional video and the displayed story of creator George Coleman bear very close resemblance to a binary options solution which was proven to be a scam[1] – Opus Formula.

Did You Know?

It is actually quite the prevalent practice for dubious binary trading systems to get re-cycled. There have been numerous cases such as the one described above. This is why, users should always stay alert and read as many reviews about a particular software they are considering to join as is possible.

How Does Automata Formula Operate?

This Algo-trading system[2] seeks to conduct financial operations entirely in the place of the user. It does also have a manual mode which is intended for professional and skilled investors who already know their way in the binary options industry.

AutomataFormula is supposedly currently available for free sign up for the last time. After the limited number of spots are occupied, it will become paid and one would have to give $997 in order to begin trading with the software.

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Our findings, however, have led us to believe that this is just an applied marketing tactic used to make more people join.

Is AutomataFormula Software a Scam?

From what we were able to find out about this binary automated system, we can safely assume that it is not safe for online investments. There is no additional data about supposed creator George Coleman on the Internet to back up his story shown in the ad clip.

He is most likely just a paid actor and not a person who lost his job and girlfriend and the endured a continuous depression. In fact, his issued statements are often contradicting as he claims to be an ex-banker who occupied a high-end position at one point in the promo video and then says that he was just a bank cashier at the end.

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Final Thoughts

Our general verdict would be that AutomataFormula System is 100% dubious, if not even a scam. There is absolutely no piece of evidence that the binary options software can generate the promised monetary amounts of $20,000 per day.

In fact, no automated trading system can actually do this. The given earnings are not objective and realistic results. Founder and CEO of the company behind the robot George Coleman is most probably also not a real person. We advise anyone who was considering to join Automata Formula to turn to a proven to be legit and working profit-amplifying solution.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on Automata Formula to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Automata Formula is generating high profits. We found many reasons that made us suspicious about this robot being a scam.

 

In order to protect traders from bad trading experience and financial loses we recommend you to

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David

David

Hello!
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.
David

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References:

1. Do CEO stock options prevent or promote fraudulent financial reporting? (Joseph P. O’Connor Jr., Richard L. Priem – Academy of Management, 2006)

2. Intelligent algorithmic trading systems (Editorial Team – Turing Finance, 2015)

3. Analysis of Binary Trading Patterns (Kai-Oliver Maurer, Carsten Shafer – The Journal of Trading, 2011)

4. Quantum Computing (Andrew Steane – Reports on Progress on Physics, 2010)

5. Exchanges in marketing systems (Madhu Viswanathan, Jose Antonio Rosa – Journal of Marketing, 2010)

6. Option marketing making: Trading and risk analysis for the financial and commodity option markets (Allen Jan Baird, 1993)

7. An introduction to the valuation of commodity option (James W. Hoag, 1978)

8. Foreign currency option values (Mark B. Garman, Steven W. Kohlhagen – Journal of International Money and Finance, 1983)

9. High frequency trading and the new market makers (Albert J. Menkveld – Journal of Financial Markets, 2013)

10. Option returns and volatility mispricing (Amit Goyal, Alessio Saretto, 2007)