iFollow Club Review
iFollow Club is a robot that tries to take advantage of social trading, that is replicating the trades of other traders, in order to make money for its users. In their main promotional video, which you can view here, they use the example of David Reed, a trader currently worth $8.3m who invested $250 in Amazon in 2001, which then appreciated by 2390%. He next invested in Apple right before the release of the iPhone, after which their stock increased by 4354%. The video claims that David Reed is just one of the many successful traders you can follow using their software.
In another video, iFollow Club’s COO, David Williams, explains how iFollow Club works by skipping the learning curve of new traders and that you don’t even have to know anything about trading to make money from trading.
So is iFollow Club a legitimate social trading app or just another scam? Our full answer is below!
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- Free to use
- Unregulated broker
- False information
- Faked testimonials
- No proof of success
- No actual traders
Not Reliable Service
What is iFollow Club?
We must hand it to the creators of the iFollow Club; they certainly brought a unique twist to the typical scam robot claims of secret proprietary algorithms from ex-Wall Street traders! Unfortunately, while their story might be different, the truth remains the same: iFollow Club is nothing but a scam. Yes, social trading itself is legitimate; but you don’t have to sign up for any robot to use it! Most binary options trading platforms, such as SpotOption 2.0 already have this feature built in.
And what about their COO, David Williams? Some of our readers might have noticed that he looked a little familiar. Well, they’re right because he’s nothing but a cheap Fiverr actor who has also appeared on other scams such as 10 Days Social Profit.
The iFollow Club website also has numerous stolen images for fake and poorly written testimonials, fake earnings, etc. but we’re not going to look into exposing those too. The above should be sufficient to show you that iFollow Club should not be trusted.
How Does it Work?
What’s the scam robot business model? Simple, lure in prospective customers with claims of practically guaranteed trading success with your robot and justify it with some absurd story of proprietary algorithms, or in this case, social trading. Next, justify why it will be offered to you for free, such as the goodwill of the now-rich creator, beta testing, or some future profit sharing (which applies in this case since they claim that the successful trader will take a cut in the future).
All of the above is just a sales page to encourage people to fund their account with the scammer’s partner broker, of which they are an affiliate of. Upon the funding of the trading account, the scammers earn a nice affiliate commission, and that is even before they begin using the robot! The brokers themselves are typically unregulated and in many cases, accused of numerous unethical practices.
In our case, we were redirected to PlusOption when using the iFollow Club link. As expected, PlusOption is a completely unregulated broker. We are also informed that we can request for a $200 iFollow Club bonus after making a $250 minimum deposit.
As anyone experienced with binary options knows, these bonuses are in most cases, traps that prevent you from withdrawing both the bonus and your initial deposit after the bonus is accepted until a minimum trading volume is met. This is especially true when it comes to unregulated brokers.
iFollow Club is not reliable. You will not be copying any successful traders because there are none to actually follow. The only thing that will happen is putting money into the pockets of more unethical services. Avoid this club entirely.
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