Created by Graham Ellis, Auto Bet Engine is a piece of binary options trading software that also allows you access to his personal trades. Auto Bet Engine
What is the product?
Auto Bet Engine is a downloadable piece of software that the creator, Graham Ellis says will help users to automatically profit through its trading selections. Auto Bet Engine does not trade on Forex however, rather it has been designed for use with binary options. The trading method is not detailed however it seems to be based on Graham Ellis’ allegedly self taught trading skills. These were developed following a string of attempts to make money through various tipster services ranging from horse racing to football to golf. As well as the software Auto Bet Engine users get beta access to Graham Ellis’ picks for trades which are automatically sent to you. Interestingly, in order to get access to any of this you are made to sign up and open a new account through VX Markets, the broker of choice for Auto Bet Engine.
What is the investment vs. the rate of return?
Technically you get access to a 90 day free trial when you sign up for Auto Bet Engine however this isn’t strictly the case. As I have said earlier, in order to get access you have to make a deposit with VX Markets. This does however usually come with a minimum deposit clause with the usual being around $250. According to Graham Ellis, once 90 days have passed the cost of Auto Bet Engine will go up to $997 per month. In terms of income, the main claim is that Auto Bet Engine will allow you to make in excess of $30,000 in “over 8 months”.
Does the product provide value for money?
Despite being “free”, I don’t believe that a single aspect of Auto Bet Engine represents value for money.
I dislike anything to do with binary options which despite often being sold as trading or investments really amount to little more than betting. Aside from often misleading marketing, the whole industry is unregulated meaning that it is very difficult to do anything if you encounter problems, for example broker VX Markets are not FCA regulated meaning that you have to go up against them alone and cannot involve a financial ombudsman further down the line. I have looked at plenty of pieces of software that follow the same vein as Auto Bet Engine and the all have one thing in common, namely that these kinds of binary options products serve only to allow the marketer to make money through referral commissions (i.e. referring you to VX Markets). In this case, Auto Bet Engine appears to actually belong to Liam Brown, a name linked to Circle Media who unfortunately do not carry the best reputation. Frankly everything relating to Auto Bet Engine seems suspect from the methods to the lack of evidence that it works as claimed and even the marketer behind the product. As such I would recommend avoiding Auto Bet Engine entirely.