We’ve reviewed a lot of binary trading scams recently, and today we encountered App Mobile Bot. Is App Mobile Bot as good as what Gunnar Erikkson claims? More importantly, is App Mobile Bot a scam?
Name: APP Mobile Bot / APL Bot
Owner: Gunnar Erikkson
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
App Mobile Bot Review
From the first glance, the layout of App Mobile Bot looks extremely familiar. Brushed metal, an apple icon on a grey background, and clean Helvetica Neue font on a white background.
Wait, AppleBot? Could it be related to the technology giant Apple?
Nope, not at all. App Mobile Bot, or AppleBot as Gunnar Erikkson calls it is just a binary trading bot riding on Apple’s name to lure you into a financial headache.
App Mobile Bot is in no way affiliated, or endorsed by Apple at all. It is just a binary trading robot that is designed to automate your binary options trading.
What is Binary Options?
To make sure everyone is on the same page, let’s take a little detour and talk about binary options. Binary trading is gaining momentum in the recent years due to its simplicity, and that’s why so many scams are riding on the binary options hype now.
Binary options is basically trading reduced to its simplest form. Instead of reading up financial news and analyzing charts, with binary options, you only predict if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
When the time is up, there will only be 2 outcomes – you are either right, or you are wrong (hence the name binary options).
For example, I predict that the price of gold will rise after 3 minutes, and I bet $50 on it. If I win, I’ll gain a certain percentage of what I bet, let’s say 60%. So if I guess correctly when my 3-minute contract is up, I win $30. But if I’m wrong, I lose the entire sum that I bet.
To put it simply, binary options is very much like gambling. There’s no good way to make an educated guess on market movement in such a short period of time. In most cases, you are just guessing based on your gut feelings and luck.
Even if you manage a 50% win rate, you’ll still lose money given the uneven winning vs losing payout of binary options.
Please note that we do not recommend binary options if you want to make serious money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.
What Does App Mobile Bot Do?
App Mobile Bot is a binary trading robot, where it trades your binary options account for you automatically. You don’t even have to decide whether the market will rise or fall, the robot will do it for you.
But does it work? There are hundreds of automated trading robots out there, and all of them claim they can make you a binary options millionaire.
Just look at the other binary trading scams like Free Money System by Walter Green, Millionaire in PJs by David Williams, and Auto Money App by Daniel Rosenberg. There are no shortage of binary trading bots out there.
Have you seen any news of millionaires who attained their wealth from binary trading robots? None. Even Forbes, the renowned financial website warns you against gambling on binary options.
In fact, the vast majority of traders lose money in binary trading. Using an automated trading bot is a surefire way to get your account wiped out.
And if the robots really work as well as their owners claim, why are they giving their robots away for free?
The reason is simple. They are out to get your money.
Why Does Gunnar Erikkson Promote App Mobile Bot?
24option is one of App Mobile Bot’s affiliated brokers
You may wonder why Gunnar Erikkson makes so much effort promoting App Mobile Bot and gives away the software for free.
Firstly, if you decide to use App Mobile Bot and register for a broker account through their sales page (which contains their affiliate link), Gunnar Erikkson and the team behind App Mobile Bot will earn a referral fee as soon as you make your first deposit.
You will need to deposit a minimum of $250 to start using App Mobile Bot.
Not only that, App Mobile Bot will continue to make money off you over the long term. They earn a commission for every trade that you make. Or rather, for every trade that App Mobile Bot makes for you.
Remember that the app runs completely on autopilot? That’s the scary part. The trading frequency is determined by them, which means they can fully control how often your account trades and how much money to make off you, as long as you still have money in your account.
Gunnar Erikkson will profit regardless of whether you make or lose money, ALL AT YOUR EXPENSE.
Is App Mobile Bot a Scam?
It is clear that App Mobile Bot is a scam, and they do so by riding on the technology giant, Apple’s back. There is absolutely no connection or affiliation between App Mobile Bot and Apple’s company, despite the heavy mention of Apple in their sales materials.
Not only a scam, it appears that App Mobile Bot is a spam too.
You can watch the full sales video of App Mobile Bot on YouTube, and while you are at it, take a look at their YouTube comments section.
Should I Try App Mobile Bot?
As we’ve said in the review earlier, we don’t recommend binary options trading as a way to make money online, at all. It’s not that different from gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.
You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.
If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!