Welcome to my Forex Auto Millions review. Here we go with another Forex program, this time, called Forex Auto Millions, or FAM. I decided I would take a look at it to see if it was a scam…
Product Name: Forex Auto Millions (FAM)
Release Date: May 16th, 2016
Price: $99 + Upsells
Guarantee: Full 60-day money back guarantee
What is Forex Auto Millions?
it is an automated forex robot that it claims can earn you a lot of money on autopilot. In fact, it claims it can turn you into a millionaire.
But let’s just back up a minute. For those who don’t know what Forex is, it means Foreign Exchange Market. It involves trading between different currencies. Of course, the aim is to trade between the currencies in such a way that you end up making a profit due to the differences in exchange rates.
This is potentially a very risky thing to do. Yes, of course, there is the chance to earn a lot of money, but there is also the very real chance that you could lose a lot of money too.
So the idea behind using a software program to make these decisions for you is definitely an attractive one. The big question is, though: how accurate is the software? There is really no way of knowing for sure unless you actually try it out. The problem is, if you are going to experiment with something like this, you’d better have some disposable income you don’t mind playing around with and possibly losing.
Why Are They Selling This Software?
One big question that occurs to me is this: why are they selling this software at all? I mean, if it is indeed true that it can earn the user millions of dollars in profit, why don’t they just use the software themselves? $99 is not much compensation for letting loads of other people use their miracle money making software.
The answer could lie in the risks involved. Because forex trading is such a risky thing to do, the owners of this software would rather make money by selling the software to you than by using the software themselves. What does that tell you?
What About the Upsells?
Yes, there are upsells here. Not to a ridiculous extent like some “make money online” products have, but still enough for it to concern me.
For those who don’t know what upsells are, let me explain. An upsell is when you buy a product and then immediately get presented with an offer to pay more money for additional products or services. It’s a deceptive tactic. It’s a sneaky way of squeezing extra money out of people. Yes, it is common, so common in the “make money online” world in fact, that some people will even try to tell you that it’s fine.
But I don’t like upsells. I think they are wrong.
So, what are the upsells for Forex Auto Millions?
Well, what annoys me here is what the main sales page claims:
“You can setup the forex auto millions robot in 5 minutes (free setup service included) and watch the money roll in! It is as simple as (1) Purchase (2) Setup (3) Profit!”
And then later down the page there is this bold section about the price:
So this implies that the $99 product price is all you need to pay for you to earn money. You purchase the product for just $99, you set it up, then you make a profit.
I did a bit of digging on Google and found a secret Affiliates page. This is the page that is meant to only be seen by people intending to PROMOTE Forex Auto Millions, not those wanting to buy it. So on a page like that, you tend to get more information about what is really going on.
On that page I saw this:
So this means that in order to use the software you need to use a VPS (Virtual Private Server) which will cost you an additional $30 per month. So what happened to the whole thing about paying “just $99” and then being able to make money as soon as you have set up the software?
What About the Money Back Guarantee?
Yes, there is a 60-day money back guarantee. The product is sold via ClickBank, who have 60-day guarantees on all their products. But there is a big problem with the very concept of a money back guarantee with a Forex trading robot.
Because if you need to get a refund on this product, it will mean that it hasn’t worked for you. And if it hasn’t worked or you, that mean it lost you money rather than earned you money. But you won’t get THAT money back, you will only get the price of the Forex robot software refunded.
So this is a risky product to buy because the only way to know for sure whether it works is to try it. This is fine for many other products, but for software that takes your money and tries to turn it into more money, if it fails then you have lost money you will never see again.
Is Forex Auto Millions a Scam?
Scam is a powerful word, so I need to be careful what I say here. Some people consider upsells to be enough to mean that a product is a scam. I tend to lean in that direction too. However, I understand that some people do not consider upsells to be scams.
So I leave it up to you to decide. But ask yourself this one question: would you trust someone who lies to you in order to get you to buy their product?
A Better Way to Make Money…
There is a much better way to make money online, and that is affiliate marketing. This is far less risky than forex trading, and anyone can do it. All you need is to set up a website about something you are interested in. The best place to learn how to do this is here.
Anyway, I hope you found my Frex Auto Millions review helpful. If you have any comments or questions, feel free to post them in the comments section below, and I will do my best to reply as soon as I can.
All the best,