Wells tells a story about himself being a swap trader on Wall Street before deciding to start his own company. His company created a trading software called Automated Asset Manager that can allegedly make you $879 within the first hour.
Wells says that he is giving free access to his Automated Asset Manager to 25 people, because he is planning an IPO with his company Wells Investments LTD, so he needs good public feedback on his trading app. So all you have to do is to join for free and share your results.
Wells Investments is a scam
Unfortunately Wells Investments is a fictitious company and the presentation is a big fiction. It is just another scam with one purpose, to make you open a trading account with their broker (Titan Trade) and deposit money, at least $250.
If you then trade your account with the Automated Asset Manager, you will lose your money. That’s it.
Automated Asset Manager
The Wells Investments app is in fact just the most used app by binary options scammers. As usually they just changed the colours and the logo, but this software has been used by many scams, see the image on the right.
Terms and Conditions
Because they clearly say that their presentation is a complete fiction. And they even say that they won’t provide with any investment advice, even though in the video you can hear that the Automated Asset Manager will trade for you.
So Terms and Conditions basically deny everything said in the video.
Wells Investments is just another binary options scam based on the usual scheme. Never trust anybody offering you free money while asking you for a deposit. If this happens, you can be sure that it is a scam.
But it does not mean that you cannot make any money with binary options. It just means that profits come with some work on a demo account, where you have to learn trading and build a good strategy. This is how binary trading really works.