Midarobot Review: Midarobot.cc Was Never the Right Choice
The first red flag we encounter by visiting the platform’s website is the ‘Not Secure’ warning from Google. Right from the start, the firm doesn’t seem like a reliable choice and our Midarobot review is here to uncover if we are right by judging the book by its cover and not the pages. As for the company, they are luckily no longer a threat to investors as they ceased operations.
Many platforms will try to present themselves in a good light, however, no one hides from our honest reviews. The same thing applies to the Volofinance broker, an unregulated company trying to lure investors into depositing, only to leave them with nothing.
Who Is Midarobot?
Midarobot was a platform offering AI trading tools among other things. They also provided financial services with high risk and return, making them a firm that requires regulatory oversight, however, they operated without a license. According to the information we have today, the domain was registered in 2022 and taken down soon after, probably due to reported scams.
This firm pretended to be a legitimate business under the name Amara Investment Management. The mere fact that the company is no longer operational is proof enough of its unreliability. The .cc domain is the country code TLD for the Cocos (Keeling) Islands, a territory of Australia. Midarobot remains a mystery until this day and probably always will.
|AI Trading Tools
|Financial Authorities Warnings
|If Active on Social Media:
|United States; United Kingdom; India; Germany; Australia
|Promising high returns, SC Malaysia warning, Scam Platform
Midarobot was offering financial services according to ScamAdviser, however, it was not regulated by any financial authority. In 2023, the Securities Commission Malaysia issued an alert in regards to using the Midarobot platform. It has been confirmed that they were misusing the name and credentials of Amara Investment Management, a licensed entity with SC.
They misused the name for fund management to carry out an illegal investment scheme offering high returns e.g. return of 9,000 in 3-6 hours with an investment of 300. The platform was operating from the United States where regulation by the SEC is necessary. Additionally, some of their clients came from Germany, however, BaFin didn’t oversee its operations.
Midarobot is becoming history as days pass by and finding a reliable source of information can be challenging. Scammers like this one don’t give up so easily and there is always a chance of them reappearing under a different domain. It wasn’t enough for Midarobot to operate unregulated, they had to become a dangerous clone of a legit company.
There is no information about the trading conditions they offered but we suspect they were any good. Scammers like this one don’t usually dedicate much time to establishing good trading conditions and a secure environment. Be careful who you trust with your hard-earned funds.
|Financial Instruments On Offer
|Education or Extra tools
Is Midarobot Safe To Trade With?
Data-sensitive services are hosted on a shared server on the platform’s website, indicating how dangerous they are. The platform offered financial services but lacked regulation. There was nothing transparent with this firm and everything about it is a mystery. How can anyone feel safe using this platform to start trading profitably?
It’s vital to note that profits are earned and trading is risky, so no one can guarantee profits. However, we can recommend an amazing tool that will help you boost the chances of profiting out of trades. Our AI Analysis Bot is an innovative technology that will become your best friend. We will talk more about it at the end of this article. Stay tuned!
How Is the Scam Carried Out?
As the SC Malaysia alert says, the platform was offering investment services but lacked regulation. They were misusing the name of another firm, claiming to be a regulated entity while scamming investors for their money. The platform offered high returns with small investments, which is a common tactic some platforms and brokers use to scam investors.
To prevent becoming a victim, always do the necessary research before investing with a platform or broker. Make sure to test the services on free trials and demo accounts and always start small to see how it’s going to work and avoid brokers like UKBTC altogether. Use reliable platforms and tools such as our AI Analysis Bot to make the experience much more enjoyable.
Can I Make Money While Trading Online?
Making money while trading online might seem easy but there are many factors to consider before investing. Knowledge, strategy, awareness, and the right tools are the keys to a successful trading experience. When we say the right tools, if you are our old reader, you know we are talking about our amazing AI Analysis Bot.
Our potent program gathers information from charts such as previous asset prices and other data. It makes insightful recommendations regarding whether to buy or sell using sophisticated technical analysis to forecast future price movements. It’s a great chance for traders to learn more about the capabilities of our AI technology, develop their trading tactics, and even increase their profitability.
We provide a 14-day free trial of our AI Analysis Bot for everyone wanting to start trading profitably. The one thing you can forever be certain of is the security of our AI Bot so act quickly to take advantage of this chance to enhance your trading experience, but keep in mind that this trial offer is only valid for the first 100 traders to contact us.