You’re right, Automata Formula is a scam! If you wanted confirmation of that, this is it. The Automata Formula scam creators probably don’t have enough creativity to come up with something original. Automata Formula is one of those systems where they just keep on talking and talking hoping that at some point you will simply give in and sign up.
Debunking this scam took me all of 3 seconds because George Coleman from the Automata Formula is not who he claims to be. I have some tolerance for systems where the owner or developer might not be great in front of a video camera and they get someone to represent him or her. I get that. This is different though. They’re hoping that people that land on their page simply do not make the effort to first read a review or two before signing up. It’s just way too sloppy and they are attempting to trick newbie traders.
Who the Heck Is George Coleman?
I’ve literally just finished my Orion Code review, which was also a scam, and here we have the same guy again! This man was Edward Richardson in the Orion Code scam, and now he is George Coleman in the Automata Formula scam. That’s inexcusable! There is no mention of him being a spokesperson or anything like that, so they’re clearly just trying to pretend this guy is real.
Throughout the whole Automata Formula video George Coleman tells us that he knows what it is like to be scammed, and then he ends up being a fake!
Automata Formula Recycled Fake
This system is nothing but a recycled scam. The story we are told is that George Coleman is a retired Wells Fargo banker that made over $12 million during the last 12 months with the Automata Formula software. We are also promised that any new member, regardless of their previous experience, will be able to make at least $950 per hour. That translates to over $20K per day “for the rest of your life”, according to Mr. Coleman.
The auto-trading software, we are told, is based on a “secret loophole” (you’ve heard that one before, right?) in the financial markets that he discovered two years ago. The joke is that the domain for the Automata Formula, which is automataformula.co was registered a mere month ago!
So how is it possible that they can claim to have had his first beta testers sign up with the software two years ago? It’s simply not the truth!
It doesn’t stop there though, George Coleman tells us that his Automata Formula scam app never loses a single trade! Together with this team of testers, they have supposedly perfected the system to the point where it only brings in winning trades. We know that’s not true, because we’ve already proven that the software site is less than a month old. On top of that, there is no trading system that is 100% accurate. Trading comes with risk, and you have to accept that there are going to be losses, no matter how good the system or the trader is. That’s just how it is.
The bad news about the Automata Formula scam just doesn’t seem to end! Just when I thought that I had already seen it all, I came across this guy:
You will recognize him from the testimonial he gave about how much money he made with the system. If you paid close attention, you would have picked up that he doesn’t mention the Automata system directly, and he also doesn’t say exactly how much he made. It is as generic as possible, and the reason for that is because he’s a professional Fiverr actor. He literally got paid $5 for his testimonial. Need I say more?
If you have read some of the other reviews on this site you would know that we only pick a very few systems to support. We do so after careful consideration, thorough checking, reports from other industry experts and our own testing and research. The Automata Formula scam system simply does not cut it.
There are far better alternatives. You are welcome to browse our site for systems that have been proven to work, or even go and verify our results elsewhere. I want you to pick a binary options trading system that you are comfortable with. Weigh all of the evidence and make up your own mind.