AZ Formula is a get rich quick scheme that guarantees its users an average daily return of $2k from a deposit of $250. But is it legit, and is it possible to make such profits? As usual, we have conducted a legitimacy test on AZ Formula and determined that it a scam. This review gives a comprehensive report on the AZ Formula scam and also provides tips to help you identify and avoid scam bots.
Keep reading this AZ Formula review or go straight to a legit robot by clicking the “trade now’ button in the table below. We have tested Bitcoin Loophole and determined that it is possible a daily profit of $1k through this robot. However, be warned that there is a risk in trading and therefore never trade an amount you cannot afford to lose.
Is AZ Formula legit? No!
AZ Formula is a blatant scam that tricks people into depositing money with scam offshore binary options brokers. Like most scam robots, AZ Formula baits people with promises of earning thousands of dollars per day.
The truth of the matter is that you will lose money if you sign up with this scam. We have carried out a thorough investigation on the AZ Formula scam and here are our findings. Our rating is on a scale of 0 to 100 percent.
- InsideBitcoins gives AZ Formula a trustworthiness score of 2%
- We give this platform an accuracy score of zero percent
- AZ Formula scores 5% on customer service and 5% on reputation
- We rate this platform 7% on safety
Legit trading robots such as Bitcoin Loophole score above 90% in all of the above metrics. The robot applies artificial intelligence and machine learning to ensure accuracy of nearly 100 percent. Consequently, the robot reports daily profits of up to 20%. Read our comprehensive Bitcoin Loophole review for more details about this bot.
How does AZ Formula work?
AZ Formula alleges to be a trading robot with a success rate of 100 percent. However, we have determined that it is a shameless scam that is operated as an affiliate of scam brokers. Any money deposited with AZ Formula goes to the pockets of the scam brokers. The brokers in return pay a commission to the scammers behind AZ Formula and their affiliates.
Traders who deposit with this platform redirect to a fake web-trader where they get tricked into believing that they lost money during live trading. Even after your entire deposit is lost, the scammers behind AZ Formula will try to trick you into depositing more money. They do this by falsely promising that they will give you a bonus equal to the amount you have lost if you deposit more.
Legit robots do not exaggerate their earning potential and always make disclosures about the risk of trading with their platforms. The leading ones heavily invest in top high-frequency trading technologies to ensure high profitability. Moreover, they only partner with well-regulated and highly reputable brokers.
Who is the scammer behind AZ Formula?
The real scammer behind AZ Formula is unknown. This review confirms that Steven Cook, the man presented as the founder, is not real. Moreover, we did a reverse image search on the displayed profile picture and confirmed that it is from stock sites.
It is not unexpected for a fraudulent robot to present a fake founders profile. The scammers behind these platforms would never agree to reveal true identity for fear of being apprehended by authorities.
InsideBitcoins investigation involves background research on any person associated with a given robot. Visit our top bitcoin robot 2019 review to learn more about our robot rating criteria.
AZ Formula Review: Test Results Explained!
This robot has all the red flags of a scam trading bot. We did not find it necessary to conduct a live test given that its scam characteristics are well pronounced. InsideBitcoins gives AZ formula a poor rating in the following areas.
- Trustworthiness – 2%
- Accuracy – 0%
- Reputation – 4%
- Customer service – 5%
- Safety – 7%
Here is an in-depth explanation of each of the above metrics. Keep reading or visit our review of a legit robot.
AZ Formula Review: Lies about almost everything
Nearly all information on AZ Formula website is false. As mentioned above, the earning potential is not valid, and the provided testimonials are fake. Moreover, the person presented as the founder of this platform does not exist. AZ formula also falsely associates itself with mainstream media including Forbes, Mashable, Business Insider, Yahoo Finance, CNBC and HUFF POST.
Moreover, AZ Formula claims to help traders generate an average daily return of $2000. However, InsideBitcoins research shows that it is a scam that is set to report predetermined losses. Consequently, we recommend that you avoid AZ Formula and only trade with the tested and proven robot. Try Bitcoin Loophole, a leading trading robot for the crypto industry.
AZ Formula robot review: Fake partner brokers
InsideBitcoins has determined that the partner brokers that AZ Formula presents as its partners are all scam. Our investigation shows that they are nothing but scammers behind cleverly built websites. Fake brokers are usually unregulated and do not have a proven track record. Moreover, they are likely to have a poor reputation.
We cannot stress enough on the need to ensure that you only trade with a robot with regulated partner brokers. Our robot reviews also take into account the legitimacy of a robot broker. It is highly unlikely that a legit robot can partner with fraudulent brokers. Read our CryptoKartal review to learn about legit robot brokers.
AZ Formula scam: Fake and unsafe platforms
As is typical of scam trading robots, AZ Formula trading platform is fake. This review shows that their web-trader is set to make consistent losses. Moreover, the platform lacks necessary security measures, which mean that it is easily accessible to hackers.
We have also determined that AZ Formula shares users’ data with third-party scam brokers. Traders who sign up with this scam report receiving many spam calls and emails from fraudulent brokers.
Is AZ Formula legit? The verdict!
AZ Formula is a scam! This platform collaborates with fraudulent brokers to swindle unsuspecting traders. Like most scam robots, AZ Formula targets the financially desperate. Furthermore, their marketing approach includes stories of people who have progressed from a life of extreme poverty to the billionaire lifestyle. InsideBitcoins recommends that you avoid this platform and instead try Bitcoin Loophole.
We have tested this robot and proven that it is highly trustworthy. Our investigation shows that it is possible to make an average daily profit of $1500 through Bitcoin Loophole.