Forget the fluff, here’s who we are. We help people MAKE MONEY in their sleep. Yes, we’re serious.Too good to be true? Nope, keep reading. Basically, we have an AI software that we created to make ourselves more money, and now, we’re sharing it with you.
Korvato (korvato.com) has 166 customer reviews on Five Star Index, with an average rating of 2.5 out of 5.
Also known as
korvato.com
Website
korvato.com
Category
Investments & Wealth
Location
Miami, Florida
Listed on Five Star Index
2026
About these reviews
Replies
The company replied to 46% of reviews.
Latest
Most recent review: September 2026.
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Reviews are shown as their authors wrote them. The company can reply, but cannot edit them.
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I joined This company under a payment plan(luckily) So I paid out 4k to get started. Other fees include 500 for a VPN monitoring system. I started in August. I should have realized when I was switched thru 3 different account managers my first week. The one that set up my account quit that same day! After about 6 weeks of making slightly less then 5% profit on my 40k initial investment. The Optimus BOT tanked and "Martingaled/Lost over 12k! in about 2 hours. It actually increased the time of trade with each one losing more money and occurring faster. I reached out to Korvato and was told someone would get back to me . No one did. To stave off further loss I quickly withdrew what was left in my Account. I was sent a recorded webinar of the supposed owner apologizing and offering more of their BOTS in an effort to try to regain the loss. I had a call with the 3rd rep. He said he would set up the other bots for me, but never did. So long story short I am out 14k from this horrific experience. Stay away from this company
Update: Trustpilot asked for my full information, stating that Korvato wanted to reach out to me. So I did. What a joke. Korvato NEVER made any attempt to contact me. Further research found that Korvato most likely owns the Brokerage. IN summery an elaborate PONZI Scheme to ply you from your hard-earned money: first by usuries software fees then by the lucrative trade fees. Please don't be duped like I was
CU
customer
Do not use Korvato!
This company is turning out to be a scam. I put my initial deposit in and then requested a refund based on user feedback and losses they had said they suffered in the market. I requested my refund in September. It’s now mute end of November and I’m still waiting. The only good thing is they haven’t ghosted me yet. Do not put your money in this company’s hands or you may never see it again.
EB
Erwin B.
No Refund after 3 months
September 26th I requested a refund of $12500 paid for software. I had a contract stated I can cancel with full refund within 120 days which I did. Today is November 21st and still no refund. All they told me in emails that I am in the refund que and it takes 1-2 months. The 2 months are passed soon. Let's see what happens.
Update:
Korvato went totally silent and I disputed the transaction through my bank. I got temporary refund after 10 days. Now I am waiting to see if I can keep it.
My final advice
R U NNNNNNN away from Korvato as fast as you can!!!
JU
Judy
They are just liars - there’s no 90 day guarantee as claimed
They are just liars. I subscribed on August 2. Paid deposit w Citibank, balance with Amex, paid transaction fee for using Amex (3%). Implemented and unhappy w performance. Requested refund according to 90 day money back guarantee on Sept 25. Held calls with transcription provided by Korvato on Sept 25, emailed cancellation request again on Sept 28, held 2nd call w Acct Mgr 0ct 3 with transcription provided by Korvato, in which AM indicated refund request was within policy, would request refund from finance dept and they would update me. They did not update me, no refund, no further correspondence. I requested chargeback from Amex about a week later.
Today I received from Amex information that I’d been rebilled because “merchant has provided supporting documentation including cancellation and refund policy stating that the purchase was nonrefundable,” including some unsigned paperwork I’d not seen before appended to the Software Purchase Agreement that in section 2, states the 90 day money back guarantee. Amex has acknowledged this and I have also forwarded them call transcripts and my emails requesting cancellation and them agreeing to it, as well as my recording and a transcript of Oct 2 webinar, which again reiterated the 90 day satisfaction guarantee.
I requested the refund in less than 90 days, per policy, they agreed to the refund but never processed it, I disputed it with Amex and Korvato lied to Amex saying the license was non refundable. I’ve reopened the dispute w Amex and provided the additional documents and electronically generated call and webinar transcripts. They’ve agreed to take another look at it. I haven’t had access or used the software since Sept 25, when I started to divest and pull funds back (minus losses) from the trading account.
Just the summary: they said there was a 90 day guarantee, they agreed to honor it, they didn’t, and they lied in writing to Amex. Hoping this resolves in my favor but warning you this is NOT a reputable company.
The individuals at Korvato I worked with: Grant McDonell salesperson Aries Villasis implementation Rehman Baloch account manager
I regret doing business with Korvato .. I’m not a naive investor, but this bot doesn’t work and this company is not reputable.
Response from KorvatoNov 20, 2025
Thank you for sharing your feedback. We want to clarify that we have a standard refund process in place, and we always recommend following the proper steps by contacting us directly. This helps us resolve any issues quickly and efficiently.
We understand your frustration, and we did our best to handle your request according to our policies. When a dispute is filed directly with a payment provider like Amex without going through us first, it can delay the resolution.
We truly value our customers and are committed to resolving any concerns fairly. We’re happy to review your case again and work with Amex to clarify the situation based on the documentation we've provided. Please feel free to reach out if you’d like us to assist further—our goal is to help find a fair resolution.
TH
Thinh
Promise of consitent gains and capital…
Promise of consitent gains and capital preservation. Started out around July and 2nd week in and had a 17K stop loss. Started to recover and within 2 months had another 23K stop loss. Consistent is correct but consisten losses. This is not a pre-retirement plan. Plan to pick up a second job to make up for the losses you are about to incur. Called to get refund and was told to file dispute with CC because they are having issues with their CC and they will approve it. Filed dispute a month ago and still being disputed. Everything experienced with this company so far has been nothing but lies, one upon another. Stay away and find a more trust worthy company to do business with.
Response from KorvatoNov 15, 2025
Dear Thinh,
Thank you for sharing your feedback. We sincerely regret hearing about your experience and understand your concerns. Our algorithms are designed with a strong focus on capital preservation and consistent performance. They incorporate advanced risk management tools, including strict stop-loss levels, which serve as the last line of defense to protect your account from significant losses during volatile market conditions.
To help diversify risk and adapt to different market environments, we offer a variety of algorithms. This diversification greatly reduces the likelihood of experiencing severe losses similar to those you've described. Many of our clients have benefited from deploying multiple strategies that complement each other, minimizing exposure to market fluctuations.
While trading always involves some level of risk, we believe in transparency and responsible investment practices. We encourage you to explore these diversification options, which can help make such situations less likely in the future.
Regarding your dispute, we apologize for any inconvenience and recommend working directly with your credit card provider for resolution. We are committed to maintaining trust and continuously improving our service.
If you'd like to discuss your specific case further or learn more about our diversified strategies, please contact our support team. We are dedicated to providing trustworthy, effective, and risk-aware trading solutions and hope to regain your confidence.
GS
Garrett S.
Lost 22% in a single day,
Lost 22% in a single day,
I invested $50,000 in August and earned 4% the first month. then there was a sudden drawdown of 22%. I withdrew my funds and requested a refund within the 60 day period for a refund but no refund has been made as of yet. I would stay away from this company.
Response from KorvatoNov 15, 2025
Dear Garrett Sullivan,
Thank you for sharing your experience. We understand your concerns and sincerely regret any inconvenience caused. Our algorithms are designed with a strong focus on capital protection and consistent performance. They include advanced risk management features, such as carefully configured stop-loss levels, which act as the final safeguard to prevent significant losses in volatile markets.
While short-term fluctuations and drawdowns can occur, especially in unpredictable market conditions, we also offer a range of diversified algorithms. This allows investors to spread risk across multiple strategies, significantly reducing the likelihood of experiencing sharp losses in a single position.
Regarding your refund request, we apologize for the delay and recommend reaching out directly to our support team so we can assist you promptly. Customer satisfaction and trust are our priorities, and we are committed to resolving any issues.
We encourage investors to consider diversification to manage risk effectively and to review our full range of strategies. We are confident that our solutions can provide a reliable and transparent trading experience.
Thank you for your feedback, and we hope to have the opportunity to serve you better in the future.
BO
Ben O.
I joined Korvato September 11th under…
**PAY ATTENTION TO HOW THEY IGNORE BAD REVIEWS FROM REAL CUSTOMERS***
I joined Korvato September 11th under the 90 day no questions asked refund. While it worked for some i do not see the value in investing $13,000 for a software that is yet to be profitable and i decided to cancel my subsription october 23rd. Since then, i have been getting the run arounds, integrity seems to be a major problem here. i have sent multiple emails, talked to different reps and politely asked for a refund which is well under the 90 day return policy. I am highly disappointed to say the least.
Update 11/17/25: I filed a dispute with my credit card company because Korvato has refused to refund me my full balance. They tried negotiating with me to accept $9,000 and forfeit $4000 or take monthly payments up to 6-9 months which i have again refused. Now they are claiming they can't refund my money because I am disputing the claim.
This is not meant to give them a bad name because i know some of their reps are honest rwther this is for the next customer to make informed decisions. Be careful about signing in and expecting a refund within 90 days. I highly doubt you would get your full refund the same way you paid it.
I would let you all know how it goes.
Response from KorvatoNov 15, 2025
Dear Ben Ossai,
Thank you for sharing your feedback. We genuinely regret any frustration you’ve experienced and appreciate the opportunity to address your concerns. Our primary goal is to provide reliable trading solutions built on transparency, risk management, and customer support.
Regarding your investment, our algorithms are designed with safety measures, including stop-loss mechanisms, to help protect capital during volatile market conditions. While short-term results can vary, many clients find value in our diversified strategies that aim for steady growth over time.
We sincerely apologize if there have been delays or miscommunications regarding your refund. We take all customer requests seriously and are committed to resolving them promptly. Please contact our support team directly so we can personally assist you and ensure your concerns are addressed as quickly as possible.
We value your feedback and encourage all prospective clients to review our full range of strategies and risk management features. Our approach aims to provide a trustworthy and effective trading experience, and we hope to have the opportunity to earn your confidence again in the future.
BE
Bernie
Stay as far away from this company
Stay as far away from this company as possible. It's been an absolute nightmare for me. From day one the wire I sent to them was returned and then I was instructed to send the wire to a bank in China, that should have been my first clue. Then they held my money and told me to send another wire from my personal account instead of my business account. I waited over 1 month for them to return the wire but only after threatening them. In August they promised to return the initial payment for the program and it's now November and I'm still waiting
Response from KorvatoNov 15, 2025
Dear Bernie,
Thank you for sharing your feedback. We sincerely apologize for any frustration you've experienced. We want to clarify that as a software company, we do not handle or process client funds directly. All wire transfers are managed by the broker you chose to work with, and regulatory or banking issues related to those transfers are outside of our control.
While we can assist and support our clients in navigating our platform and strategies, the handling of funds and related matters are governed by the broker and applicable financial laws. We strongly encourage you to continue working directly with your broker to resolve any issues regarding your funds or refund.
Our algorithms include risk management features, such as stop-loss protections, designed to help safeguard your investments. We remain committed to providing reliable software solutions and supporting your trading journey.
Please feel free to contact our support team if you need further assistance related to our platform. We appreciate your understanding and hope to help you move forward.