Is The Greenwood Formula a Scam?

Summary

The Green Wood Formula is recognized for pledging very high and fast returns to traders. However, does this Binary Option Robot hold its reputation for its promised performance?

Our team has carefully evaluated the Greenwood Formula, and as per our investigation, there is no substantial data on this system and shows no rating in Google Trends. We suggest you select from our Top Binary Robots that entail detailed reviews for a safe and secure binary options trading experience. Currently, we are not able to deem the Green Wood Formula as a safe Binary Robot. If you’re looking for more reliable alternatives, you might want to check our list of recommended trading robots:

The Greenwood Formula Review

The Greenwood Formula is a new trading software for binary options that has been sending many emails out to traders promising huge profits by using their auto pilot mode on their software. A guy by the name of Jake is the presenter of this system that swears that this system truly works for everyone and you can make thousands of dollars in just a short time frame.

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According to our team’s experience, these types of emails can be deceptive and dishonest. Many naive traders are easy targets for systems such as the Green Wood formula because the lack the expertise and knowledge to be able to deem such systems a scam or legit. After hearing about these emails with extravagant promises from Greenwood Formula system, we deemed it our duty to dig deep and provide a report on whether this trading system is a scam or not.

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Is Greenwood Formula a Scam or Secure Software?

The software is relatively new to the binary options market as if you watch their video on the website you will notice that it is from 2015. This arose some concerns to us as we couldn’t understand why things weren’t up-to-date and why they were using repeated footage in their video. The presenter, Jake strongly claims to offer those who don’t make $100,000 within 20 days, $10,000 to clients. Sound attractive and very persuasive that this system works, but unfortunately, the account statements cannot be verified.

We very much assume that the Green Wood formula is performing very similarly to other scam websites that are in the market. It’s difficult to deem them 100% a scam, but there are red flags regarding the Green Wood Formula. This could turn out rather dangerous to traders who trust this system. We advise you to proceed cautiously because we further uncovered that there is a broken link to their broker.

Greenwood Formula Min. Deposit

To access the Greenwoodformula is free, but as soon as you sign up, you will need to invest $250 with their broker. We found out that their broker is unregulated, and we uncovered a broken link to the broker’s site. The Green Wood Formula’s broker is nowhere to be found. So it goes to say that the software is not free because they earn a kickback from the broker. The fact the broker is unregulated also hints that you really don’t know what will happen to your investment – it could just disappear.

What is The Greenwood Formula?

This system claims to offer the top trading signals. As a trader, you don’t have to actually do work, but you allow the system to run on 100% auto pilot mode. It uses its algorithms to produce signals for you. It will also execute trades on your behalf so you don’t have to do them yourself.
Base on our experience, we cannot guarantee this is 100% reliable. We found that there were many random actions taken while in auto-pilot mode. The Greenwoodformula claims to have an 85% winning rate, but this cannot be proven as there are no reviews or evidence that anyone ever made profits using this app. Sadly to say, this system doesn’t work like other bona fide trading methods. It takes the wrong executions and makes losses much higher than if you did them yourself.

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The Greenwood Formula Trading Platform

The Greenwood Formula is an auto trading system that opens and closes trading point’s solitary so you don’t have to be present when trades are executed. After our team ran trial runs of this app, we didn’t find any great features that showcase it as an authentic system and we don’t understand how it can obtain an 85% winning rate. This system has left us speechless and very dissatisfied. Further into our research, we found a number of various reviews that also provide negative feedback regarding Greenwood Formula’s performance.We caution our readers to opt for another system that is much more trustworthy and reliable.

Final Overview

riskAfter a thorough examination, we have concluded that this Binary Robot may not be 100% safe and secure for interested traders. Overall, this auto-trading system provides misrepresentation, and profits are not optimal. Until we are provided positive feedback from traders, we cannot fully confirm this software is suitable as a Binary Robot. We Advise You to Carry on Securely and Avoid Dishonest Systems by Choosing a High Rated and Trusted Robot.

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Pros
  • Web-based Software
  • Bombarding Emails
Cons
  • False Claim Winning Rate
  • Unreliable Trading Signals
  • High Losses
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