You may have heard people tell you that you can make your money work for you. Is this possible? From this review of Automatic Earn, we shall answer this question as well as show you what to look out for in the quest to grow your assets.
This has become necessary in view of the fact that there are many sites claiming they could help you double, triple or even quadruple your money in days or weeks, but the reality is that at the end of such investments, the only people that really make money are the owners of such sites.
According to the Australian Competition and consumer Commission, there have been 118,451 reported cases of scams which have resulted in the losses amounting to $95.6 million of investors’ funds.
You wouldn’t want your financial assets to be among that statistics. This is why you must conduct due diligence before making deposits on any investment sites irrespective of how appealing they may be.
What is Automatic Earn?
This is an asset management company that promises to help investors make profit without personal participation in trading activities. The site claims that they are a team of professionals that specialize in trade and investments and have been developing smart strategies that enable them be in profit.
According to the site,
“Huge experience and knowledge of all the subtleties of successful trading organically combined with intuition and stress resistance of our traders, allowing achieving record levels of profitability. The ability to react correctly to market changes and transformations reduces the probability of losing a deposit within each individual transaction.”
Why You Should NOT Trust This Site
Making claims is the easy part of any investment site. Proving those claims to be true is a different issue. We conducted an extensive check on this site and found that most of the assertions were aimed at luring people to invest in it even though none of those are true.
In the rest of this post, we shall look at the wiles employed by the site and why you should not put your funds in it. I am aware that you may like to know what other options that is available for investment out there. You can check my recommendation here.
Every genuine business is built from the ground up. This means that the owner must have thought of the concept or seen it somewhere and set out to build something similar. However, in building a business, reputable teams always play by the rules.
One of the features of scam sites is that they sometimes give themselves away because the owners are too lazy to put in the extra effort needed to build something original from scratch. It could also be that they are in a hurry to start defrauding people that they cut corners.
No matter the reason, it is good for you that there are ways of identifying scams so that diligent investors may be well informed to avoid them.
The first sign that Automatic Earn is a fraudulent site is the content. Plagiarism test shows that most of the content was copied from other sites. This is dishonest practice and if you’re sending your funds to dishonest people, the result should be plain enough.
For instance, the About Us page stated that:
“Every day we make complex calculations, use numerous analytical tools, develop new effective strategies and skillfully manipulate statistics and we are able to provide a permanent inflow of profits and stable payments to investors.”
This same statement could be seen in many other sites which are mostly fraudulent, even from a search in Google. Since the site is relatively new, we can conclude that the owner plagiarized another site.
High Yield Investment Scam
Automatic Earn promises to double investors’ money in just 24 hours as seen in the investment plans. 115 percent in one day is the basic plan which is more than doubling the investment. There are even higher percentages.
High yield investment schemes are a common type of scams that lures the uninformed with such high profits. Commonsense should tell all who put their money in such sites that money is not made that way.
If it is possible for a company to double your money, they wouldn’t ask you to send it since they would be doubling their all day long.
Businesses are meant for profit and not some charity that wants to help people. That they ask you for deposits means that they do not have the money to trade. If they do not have it, they’re not earning it.
Deceitful Commencement Date
A Whois search shows that the site domain was registered on June 20, 2019. On the Automatic Earn site, it claimed that the site has been in operation since August 1, 2018. This is not surprising because scam sites routinely create the impression that they have been online longer that they actually have been.
They do this because they want to make the users believe that they have built an online reputation and have been paying their investors for a long time. In reality, they may not have paid a dime to anyone.
False Deposit and Withdrawal Stats
You would notice the deposits and withdrawal table. There is no doubt that this is a fake table as there is no transaction ID or evidence.
Bear in mind that fraudsters even routinely place transaction IDs that belong to other wallets on their sites to deceive people into thinking they are receiving deposits and making payments.
Close scrutiny would show that the transactions are not terminating on the same addresses, which should be expected in the deposit column. They also do not originate from one address in case of the payments received.
No Owner Profile
You wouldn’t send your money to a stranger who you do not know their location. Why would you do the same online to a site that has not shown any evidence that it is genuine?
Many scam sites even use virtual addresses to deceive people or create fake owner profile. The owner of automatic Earn could not even provide any. This means that you don’t have anyone to hold accountable if you do not get back your funds.
This is an active scam and people should keep away from it. There are better investment sites that are regulated by relevant government agencies. Our top recommendation would help you grow your assets through copy trading.
What’s your opinion about this site? You can share them through the comment box below. You can also suggest reviews you would like to read using the contact page above.