Read our Social Trading Bot review carefully to understand why this website is a scam. Just to clear doubts, this is a SocialTradingBot.com review. But they might have other domains as well, similar to this one so refer to the logo as well to recognize similar domains. Anyway, just by looking at the website you can quickly tell that there is no real company behind it. There is no company listed at the bottom of the site and surely they do not fall under any regulation rules.
Who are they?
Nobody can really say who they are and that’s a big problem. If someone has a reputable company, they post everything on their website, including the address and even details of the company’s employees or CEOs. This is evidence that this website is a scam. It is more than obvious to us just looking at these types of websites, that they are pure scam. And we tested them all, signed in to see what was behind the registration page, and even tracked their entire fraud process. We’ll tell you how it works in a moment.
What do they offer?
Each of these websites, including Social Trading Bot, offers basically the same thing: How you can make hundreds of thousands, even millions, of dollars with “auto trading software”. Does it sound too good to be true? IT IS!! Please DO NOT fall for such lies and schemes that offer a lot of money without having to do anything.
How does the scam work?For people who deposited
If you’ve already made a deposit through Social Trading Bot, there are a few things you need to understand. The first and most important thing you should understand is that you did not deposit on the Social Trading Bot website, but at the broker behind it. You are now their customer alone and your money is with them, not with the Social Trading Bot. Please check your broker carefully as there is a high probability that it is not regulated. Usually the information is displayed at the end of their website. If the broker is not regulated, you should make a withdrawal request as soon as possible as your money is not safe. Please read the following section to learn how to withdraw your money.
How to withdraw your money
The first thing you need to do is submit a withdrawal request to the broker. There is a high probability that they will try to convince you to do the opposite and continue trading with them. Please make it clear that you want to withdraw. They will delay the withdrawal process as long as possible. If they delay it for six months, you won’t be able to withdraw anymore.
So if they delay it for more than a week or two, they clearly don’t want to refund your money. In this case, contact your bank or credit card company to arrange a chargeback. Just call them and explain how you were misled into depositing for an unregulated company and they will guide you through the process.
What about wire transfers
If your payment method was a wire transfer, there is no way to make a chargeback for a wire transfer. For this step you have to take the fight to another level. Tell them that you will go to the authorities and file a complaint against them. This will make them to rethink the reimbursement option. You can also prepare a letter or email for the regulators. Depending on which country you live in, you can search Google for the regulator for forex brokers in that country. You can then prepare a letter or email describing how you were deceived by them. Make sure you show this letter or email to the broker and let them know that if they don’t refund your money, you will send it to the regulators.
Leave reviews about Social Trading Bot in other websites
Another way to hurt them, by them I mean Social Trading Bot and the broker behind it, and to save other people from falling victims, is to leave bad reviews on other websites and briefly describe what happened. If you have become a victim, please leave a review and comment on this page in the comments section.
Social Trading Bot Review Conclusions
It’s a pleasure for us to do the Social Trading Bot review, and we hope to keep as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all forex companies and any other company before making a transaction. And be careful with websites that offer “Get Rich Quick” schemes. We hope that our Social Trading Bot review was helpful for you. If you have any questions or need advice on the withdrawal process, you can contact us at [email protected]