RefFeed trading system was launched in June 2017. This auto trading software has been created and launched in the market by someone called Jason Clark. At the moment, there is a lot of hype surrounding this software. Jason claims that this software has the potential to make use of data from social media to generate accurate trading signals on stocks for big companies.

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The idea and concept sounds innovative, but when we heard about their claims on profitability, we felt compelled to carry out a thorough investigation on this software and establish whether the claims are real or not.

During our research, we found out that RefFeed is not a reliable system. It is a bogus software that has been launched to trick traders and to steal their money. We have provided details of our findings in this review so read till the end to know why we don’t recommend using the RefFeed trading system.

Since we haven’t gathered enough information yet, we cannot confirm that RefFeed is safe. You can Continue to Trusted Robot Site OR Choose one of approved and safe trading applications:

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What is RefFeed Trading System?

RefFeed is an automated trading tool that uses social media to generate signals for its users. We have come across claims that the software is 87% accurate and earn its traders up to $2000 every single day.

When traders sign up for this software, they are redirected to a broker with whom they are required to set up their trading accounts. They want traders to believe that there are no financial risks associated with using the RefFeed trading system. But as soon as traders sign up with a broker, they are asked for a deposit. Traders are even presented with demo trading features which work favourably when trading in the virtual stock market. However, as soon as traders enter live trading conditions in the real financial markets, the performance of the software drops significantly.

Interesting Fact:

Facebook and Twitter are the two hotspots for social indicator analytics. Until 2012, it wasn’t possible to get fresh trading data from Twitter feeds, but now there is technology that helps quantify social media data.

How Does RefFeed Work?

From the information that is available on their official webpage, RefFeed is a software that analyses feed from social media such as Twitter and Facebook. It then looks for trends that related to companies that are traded publicly. Stock price movements and patterns are predicted based on the analysis after which the software generates signals which are used for executing trades.

The claims suggest that RefFeed has the potential to process 15,000gb of information per hour which makes it one of the world’s largest data processor. If this all were true, then we wonder what’s the need for them to stay anonymous.

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It is really suspicious that details about one of the world’s largest data processors remain hidden. The fact is that if this software really worked the way they have claimed, then every trader on the face of earth would have known about it. Everyone would have tried to get their hands on this software. But, RefFeed is neither popular, nor it is garnering attention in a positive way.

There is enough evidence that RefFeed doesn’t work in a manner to help traders earn a stable income online. Instead it works for the benefit of the people who have developed this software and launched it on the market.

Is RefFeed A Scam System Or A Legit Solution?

This software has been performing poorly since its launch and there are enough complaints that suggest that it is a potential scam. It is quite funny to see that the developer has been taking about social media and how it helps predict stock prices, but when we take a look at their trading history, we don’t see anything that is related to stocks. So are the results shown on their website fabricated? Or is something seriously wrong with their algorithms? We think both are true.

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The faces of the developers and the faces on their testimonials look very familiar. We have seen the same faces on other trading scams and this is another reason why we believe that RefFeed is also a scam. The software drains investments and there is no way it produces an accuracy of 87%. Its accuracy is even below 50% and this is how traders lose their investment within a matter of few days only.

Final Words

RefFeed is a financial product that carries a high degree of risk and there is possibility that it can result in the loss of traders’ funds. So if traders can’t afford to lose their money, they should not invest in RefFeed. Instead they should away from this trading system that claims to generate huge profits for its clients with the use of social media.

Conclusion

high_risk_stamp_top10_BRAfter making a detailed investigation our team came to the conclusion that there are better binary robots to trade with than RefFeed. We cannot confirm whether RefFeed is a scam robot or not, but upon investigating we found a lot of traders’ comments and complaints about the performance of this binary options robot and we don’t have confirmation that it can achieve the profits advertised via email.

We recommend you to Continue to Trusted Binary Robot and avoid scams by choosing a High-Rated and Trusted Robot on Top10BinaryRobots.com

 

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