Recently Copy Buffett has completely blown up all over the place with claims of amazing profits in incredibly short amounts of time.
These claims even come from reputable websites and bloggers who I have trusted in the past. The problem is that the people who write these make money every time that they get someone to sign up, so it’s in their best interests to give the software a good review.
I am not an affiliate of Copy Buffett, and you will not see a single affiliate link, or any link at all to the software. This is my 100% honest review, with my not so good results.
What is Copy Buffett?
Copy Buffett is a binary options trading software that allows you to trade options on complete auto pilot, with a claimed success rate above 80%.
The creator Jeremy Fin, a software developer supposedly spent 6 years with a team of acquaintances studying the strategy of the most successful investor of all time, Warren Buffett.
They used this information to create an algorithm that is meant to predict and win trades.
My Poor Results
After finally deciding to invest the minimum $250, I turned on the auto trader, and set the percentage to 95%, which is higher than what most people have suggested.
I was hoping for at least a few trades with high accuracy. I got the few trades, but not the accuracy that was promised.
Over the next few days the software made a few trades each day (2 or 3), and most of them were losses.
Out of the 10 trades that were made, only 2 of them were wins, the other 8 were losses.
causing me to lose nearly all of my $250 investment.
I know that you can’t really judge the accuracy of a software will just 10 trades, but 10 trades can lead to the loss of a lot of money.
8 losses at $25 a pop is $200, which is not a small amount of money to me.
I just want to make sure that you all are aware of the possibility of losing your investment.
I went in thinking that I would begin to see my account slowly rise, but instead I ended up watching it quickly fall.
Is Copy Buffett a Scam?
Honestly I’m not sure whether Copy Buffett is a scam or not, but what I can tell you is that I nearly lost my $250 in just a few short days of investing it.
This does not prove it a scam, perhaps I was very unlucky, but this lead me to do some more digging.
I found several articles of people saying that the same thing had happened to them.
I don’t want to call it a scam because many of the websites and bloggers that I trust highly recommend it, but I do not trust these websites blindly.
I left some comments on a few of the websites explaining how I lost my money, but not one of them was approved.
It’s hard to tell whether that is because they know it is a scam, but they don’t want their readers to know, or it’s because I am one of the few people it failed, and they don’t want that to discourage others.
Only time will tell whether Copy Buffett is a scam or not, and time will most certainly bring it to light if it is.
I cannot with all certainty say if Copy Buffett is a scam, but I can say that it is clearly risky. Do not invest your last $250 or $500 in it expecting it to double in a week, because you may end up losing it all like me.
If you have extra money that you want to invest, by all means give it a try, but just be aware of the risk that you are taking.
I know 10 trades is not enough to tell how well the software works, so I will keep trading until I lose all of my investment, or begin to make money. I will make an update in the future to let you all know how it turned out.
Trading Binary Options is risky in general, and is not the main way I make money online.