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AZ Formula Review: Scam or Legit? The Results Revealed!

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Author: Patrick Webber

AZ Formula is a get rich quick scheme that claims to guarantee 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? We have conducted a legitimacy test on AZ Formula and determined that it is 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 it is a bot that claims to make a daily profit of $1k. However, be warned that there is a risk in trading and therefore never trade an amount you cannot afford to lose.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 85% claimed win-rate
  • $/£ 250 Min Deposit
  • Accepts Credit and Debit Card
All trading carries risk

On this Page:

    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 0%
    • AZ Formula scores 5% on customer service and 5% on reputation
    • We rate this platform 0% on safety

    Legit trading robots score above 90% in all of the above metrics. We find Bitcoin Loophole to be a suitable alternative. Bitcoin Loophole applies artificial intelligence and machine learning to allegedly ensure accuracy of nearly 100%. This 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%. 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 these 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 a good platform. 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. 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 – 0%
    • Accuracy – 0%
    • Reputation – 4%
    • Customer service – 5%
    • Safety – 0%

    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. We recommend that you avoid this platform. Many users are instead choosing  Bitcoin Loophole, a reliable platform with thousands of users which claims that they make an average daily profit of $1500 per week.

    • Robot
    • Rating
    • Properties
    • Trade
    1
     
    Free to use
    • 85% claimed win-rate
    • $/£ 250 Min Deposit
    • Accepts Credit and Debit Card
    All trading carries risk

     

    Remember that all investment opportunities carry a certain risk. This especially applies to cryptocurrencies, which are still relatively young in the financial markets.

    FAQ

    Is AZ Formula legit?

    No! This review shows that AZ Formula is a scam. We recommend that you stay away from this robot.

    How much should I deposit with AZ Formula?

    Do not deposit your hard-earned cash with this robot or else you will lose it. It is a scam whose primary goal is to steal your money.

    How much can I make with AZ Formula?

    You stand no chance of making a single cent with AZ Formula. Do not open an account with this scam.

    Does AZ Formula refund deposits?

    No! Once you deposit with them, there is no way to recover your money. This is because they have no legal registration or regulation.

    Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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    A cryptocurrency and trading writer and editor, I specialise in algorithmic trading. I’ve written about every type of automated trading tools - from cryptocurrency robots, binary option robots, down to robo advisors. My goal is to write honest reviews about automated trading tools in order to help users understand which software are trustworthy and which ones they should stay away from. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help!