iFollow Club Review

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Marcio

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iFollow Club is a fresh binary options system that was created to generate profits in the automated mode. However, is it the real goal of developers? Or it’s just a scam and the real goal of iFollow Club is to collect your hard earned money so that only the people behind this robot would become profitable. We decided to review this binary system that looks promising, but only when you look at it superficially. When we got deeper into details, it was impossible to ignore some obvious aspects that alarmed us. We will share our findings with you in this post.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • You can trade using the one-click feature
  • Intuitive interface
  • The system is automated
  • The trading signals are poor
  • The winning ratio seems to be fake
  • You may have problems with withdrawals

7BO Verdict:

Not Reliable Service

What is iFollow Club System?

iFollow Club is a product of David Reed, who claims that any trader can generate huge profits by applying his system on 60 second binary options. Well, we will be straightforward with you – the short-term trading of this kind should be considered in the last instance. There are many random price movements and false signals with the short-term options, which simply cannot be anticipated in any way, even by using technical analysis. You should keep your positions at least for some hours. We don’t know what secret tool uses iFollow Club, but we find it quite suspect.

The second aspect that we didn’t like is related to the authenticity of the story and the persons involved. You will find on their sales page a list of videos that present successful traders – we feel that these traders and stories are not real.

Even if there are a lot of suspicious things to consider, we still cannot firmly say that iFollow Club is a total scam since we don’t have actual proofs. The robot is new in the industry and we simply have to wait for a while so that the scam would become more than obvious. However, we suggest our readers to stay away from it and don’t try to prove the broker a scam based on their own money. There are many good alternatives out there that seem to be profitable for real.

Yet, if you want to risk on your own, you should know that becoming a member of iFollow Club is free. After the registration procedure, you will have to deal with a broker from their list, and this is where you should spend your money, as the minimum deposit with those brokers is $250, which is an average figure.

How does iFollow Club Work?

The interesting part of iFollow Club is that it was created like a social trading platform. The social trading is a concept in which beginners can interact with experienced traders and copy their strategies. This is why this concept is also called copy trading, and is actually a popular system among some Forex and binary brokers. In short, iFollow Club has a list of experienced traders and you can copy their strategies and moves and implement these into your account and trades. These ‘professional traders’ presented by the system are claimed to be very successful and financially independent. However, chances are very high that these traders are just actors and by copying them you may fail. They say they can make $1000 each day, and it is clear that the same potential profit may be yours in case you copy their strategies, which looks fantastic. Yet, we feel there is little truth in all these claims.

In order to get started with the system, you will have to register, which is quite simple and free. You need to fill in the form and that’s it. Then, as mentioned, you should choose a broker and make a deposit. Well, their brokers are not regulated and are very suspicious. In the case when you make some profit, you can withdraw money based on the broker’s conditions. Yet, we think the last part is untouchable for so many traders.

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Final Conclusion: is iFollow Club a scam?

Besides the fact that the system is using social trading approach, there is nothing special about it. Moreover, we think that trading with iFollow Club is quite risky, so we recommend you to ignore this robot.

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iFollow Club is a robot that tries to take advantage of social trading, that is replicating the trades of other traders, in order to make money for its users. In their main promotional video, which you can view here, they use the example of David Reed, a trader currently worth $8.3m who invested $250 in Amazon in 2001, which then appreciated by 2390%. He next invested in Apple right before the release of the iPhone, after which their stock increased by 4354%. The video claims that David Reed is just one of the many successful traders you can follow using their software.

In another video, iFollow Club’s COO, David Williams, explains how iFollow Club works by skipping the learning curve of new traders and that you don’t even have to know anything about trading to make money from trading.

So is iFollow Club a legitimate social trading app or just another scam? Our full answer is below!

Basic information:

Cost: Paid
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Free to use
  • Unregulated broker
  • False information
  • Faked testimonials
  • No proof of success
  • No actual traders

BinaryMinery Verdict:

Not Reliable Service

What is iFollow Club?

We must hand it to the creators of the iFollow Club; they certainly brought a unique twist to the typical scam robot claims of secret proprietary algorithms from ex-Wall Street traders! Unfortunately, while their story might be different, the truth remains the same: iFollow Club is nothing but a scam. Yes, social trading itself is legitimate; but you don’t have to sign up for any robot to use it! Most binary options trading platforms, such as SpotOption 2.0 already have this feature built in.

And what about their COO, David Williams? Some of our readers might have noticed that he looked a little familiar. Well, they’re right because he’s nothing but a cheap Fiverr actor who has also appeared on other scams such as 10 Days Social Profit.

The iFollow Club website also has numerous stolen images for fake and poorly written testimonials, fake earnings, etc. but we’re not going to look into exposing those too. The above should be sufficient to show you that iFollow Club should not be trusted.

How Does it Work?

What’s the scam robot business model? Simple, lure in prospective customers with claims of practically guaranteed trading success with your robot and justify it with some absurd story of proprietary algorithms, or in this case, social trading. Next, justify why it will be offered to you for free, such as the goodwill of the now-rich creator, beta testing, or some future profit sharing (which applies in this case since they claim that the successful trader will take a cut in the future).

All of the above is just a sales page to encourage people to fund their account with the scammer’s partner broker, of which they are an affiliate of. Upon the funding of the trading account, the scammers earn a nice affiliate commission, and that is even before they begin using the robot! The brokers themselves are typically unregulated and in many cases, accused of numerous unethical practices.

In our case, we were redirected to PlusOption when using the iFollow Club link. As expected, PlusOption is a completely unregulated broker. We are also informed that we can request for a $200 iFollow Club bonus after making a $250 minimum deposit.

As anyone experienced with binary options knows, these bonuses are in most cases, traps that prevent you from withdrawing both the bonus and your initial deposit after the bonus is accepted until a minimum trading volume is met. This is especially true when it comes to unregulated brokers.

Conclusion

iFollow Club is not reliable. You will not be copying any successful traders because there are none to actually follow. The only thing that will happen is putting money into the pockets of more unethical services. Avoid this club entirely.

iFollow Club Scam Review: Fake App Going Viral On Syndicated News

Binary Scam Alerts is posting an immediate SCAM notification in regards to the iFollow Club and Alex Tremblay. This is a fake social trading signals platform with bogus Fiverr.com testimonials, and a phony timeline which promises auto-pilot earnings while you “kick back and watch your account balance multiply”. It seems several of our day-traders from Canada were searching Google for the Drexel Code scam, and stumbled onto this system through a paid news release service which has deceitfully bypassed the Google search algorithm and is now telling everyone this SHAM is a legit software and app. But our staff was sharp today and able to catch these cheaters red handed. So after an in-depth investigation, review and analysis of this misleading and fraudulent trade copier, we have reached some concerning conclusions. This system is a complete sham and fabrication, it is full of half-truths and lies and a confirmed binary options investment SCAM.

Fake News and SPAM Site: https://www.binaryscamalerts.com/dailynewsworldwide
Official Scam Site: http://www.i-follow.club/

Proof of Scam
As you can see in the URL found in the red box in the picture below, it is clearly seen these cyber-criminals are targeting Drexel Code traders located in Canada through fake news articles boasting how a “stay at home mom makes $18,128 a month from home”. This is a filthy lie and complete fabrication. Furthermore, this article is packed full of SPAM links directing you to this piece of trash code which in reality is a recycled sales pitch designed to get you signed up with a slimy offshore and unregulated broker that will steal your money in the blink of an eye.

Now to top it all off, they are using fake testimonials from cheap Fiverr actors to get people to think their system is credible. Well, that is actually something which is very easy to expose and you can immediately see how this method is employed.

iFollow Club Review
This system does not even have real person behind it, just some name (Alex Tremblay) so there is actually no one to take responsibility for their misdoings if exposed. This is an immediate red flag and should serve as a severe warning for anyone who has been approached with a similar offer. The iFollow feature is basically offered by almost every Spotoption-powered broker, with exception to the highly regulated ones who are denied this privilege. This person claims his account has made $3,573 in “less than 3 short days”, but I can promise you this advertiser is acting in cahoots with plustocks, an unregulated binary options broker owned by Owned by Almog LTD. Stoney Ground Box 1823, VC-100 Saint Vincent, Grenadines which is definitely not turning away clients these days.

We have yet to ascertain if this is the actual broker doing the marketing directly, or less-than-scrupulous affiliates promoting a shady system that is designed to take inferior positions and intentionally lose your money. Either way, it doesn’t look good for these guys and they should be doing a better job of appealing to customers in a more honest fashion.

As you progress you see the use of fake credentials and news logos such as Bloomberg, CNN, and BBC which is a classic scam tactic and in the more legit offers you will not see these things. The final nail in the coffin is clearly evident and when observing closely you will notice there is no software here. They are basically telling you to come in, register, fund your account with a very specific broker and use a feature the broker offers. There is no system or actual technology behind this rehashed sales gimmick and you should not expect to profit in any way by signing up for this stinky can of smoked mackerel.

Is it Free?
Technically speaking yes, because there is no software you just fund a trading account and check out the iFollow feature which is there anyways.

Similar Scams to Avoid and Report
We have previously advised our members and viewers to avoid the Free Money System and Walter Green (AKA Millionaire Blueprint), the Quick Cash System with Sarah Markel, Trade Tracker Pro and Derek Stone, Push Money App, and the Lie Detector Millionaire, and the Perpetual Formula App. These are currently leading the pack with complaints and grievances.

Signals, Auto-traders, Bots, and Trade Copiers
It boggles the mind to see the amount and quality of cheap trading apps which are flooding the market these days. Only a few select systems such as the Binary Profit Method and NEO2 have passed our stringent credibility test and gained their rightful place in our recommended section.

Final Verdict and Review Conclusions
The iFollow Club and Alex Tremblay is a verified SCAM and not even a software. In reality it is not anything, except a snapshot of a feature most brokers offer anyway. It is designed to look as a separate system but in reality its nothing special and in fact something to be very cautious about. With signals or an auto-traders you can at least point a finger at someone and have a responsible party to blame. Trade copiers and social trading tools eliminate this option by disassociating and insulating the brokers and system owners by claiming these trades are taken on account of “someone else’s” recommendation. This is our primary concern with tools such as these. As always feel free to subscribe to our YouTube Channel and Like, Share, and Comment on our Facebook group wall.

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    Binarium

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    2nd place! Good choice!

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