KorvatoReviews of korvato.com

My experience - Small Wins Big Big Losses For starters I will say that I have seen multiple people on social media say this is a scam, which it does not seem to be, but rather for me a high-risk high frequency trading bot. I started with a 75k account and in the first 2 months I made less than 3% each month. A far cry from the 12-22% they advertised. They appear to have corrected this by only advertising 5% monthly gains now. Each day I would follow my progress via daily reports and see gains between $100-$300 which was nice to see daily progress. HOWEVER in the 6 months I used Korvato I had only 4 or 5 losing days and unfortunately those days were for -$8,000 -$16,000 -$10,000 and -$2,000. That pretty much wiped out any and all gains I would have accumulate. One the -$16,000 they could not explain to me what happened. I heard 5 different excuses, from my VPS did not have enough RAM, even though I followed their VPS recommendation, or that my VPS lost communication with their server, or that I hit my max draw down for the day. Last message from tech support was "I have now accessed your account and sent your credentials to our engineers to enable them to analyse your account to determine why this unfortunate loss occurred." Sadly they never got back to me with a good reason. To summarize the financials I lost around $5,000 in trading, $10,000 to the cost of the license, 3 months of monthly fees in with Korvato and VPS charges. Overall over 15k in losses.

I getting text messages at I have a balance owed of $1,000. Durning my on boarding I was offered 1000 discount if I would wire money vs using a credit card ! I did that and then had the algo installed the following weeks ! I can’t get a hold of anyone at the company! It’s like they have my number blocked ! I have recorded messages from the meeting stating the discount and the new balance

It's very difficult to get recognition from Korvado for return of of my initial investment. I never used any of their bots because they required using a foreign brokerage or required Forex both which I objected to and I’m still waiting for my settlement and getting back the initial investment. Their advertising is deceptive on this issue.

They over promised & under delivered. The idea is great & I was sold looking back on the 3 year track record. But my experience has been negative... Negative over $13,000.00 dollars on a $50,000.00 investment..They say they are repairing/upgrading the product....I have requested a refund & have been given the runaround....They were very good at set up, but once the product stopped preforming they have been missing in action.

I started with Korvato in January of this year. I was very happy up until July when I experienced a significant loss - almost 10% of my account in one day. It would have been more had I not turned off the bot. This is where the problem is with this solution. The Bot performs fine when markets aren't turbulent. However, when they are, which is going to happen, the bot continues to over trade (aka. martingale style) where it just doubles down and before you know it, you have huge losses that mount up very quickly. The FOREX markets of today have become volatile and as a result, this bot simply can't perform reliably. I have pulled all my funds and am thankful I was able to almost break even. Definitely not the 5%/month that is marketed.

This was a horrible experience. I had already started my refund request, but I did have one day of trading on the bot, resulting in a 2.6% loss on that single day. They wanted to delay my refund, so I had to cancel my credit card payment for the bot. I received different answers from Korvado and the brokerage they forced into me as a snap decision without providing me with any information before the start of "onboarding", as I had requested. I felt that I was treated poorly by the salesperson (who was unable to answer any questions and would say things like "Why did you set up in PAMM? My fiance has the VPS, why not you?"). The "onboarding" specialist in Asia was also quite reluctant to fully answer questions. I felt so totally disrespected that I could not possibly stay with such a company. I asked about needing to install software during my first meeting, and received a lie (the VPS option is indeed software that you must install and monitor daily.) I had asked repeatedly about the difference between PAMM and VPS options, and was never able to get a complete answer. Finally, Charles Schwab fraud detection contacted me to alert me that the account I sent my initial deposit to had been previously flagged for fraud. I'm glad I was able to get nearly all my money back! I'm feeling even better that I'm not dealing with these jokers any longer! STAY AWAY!

Last year I wrote that Korvato was legit, and had an Forex AI algorithm performing admirably. Unfortunately, that is no loner the case. The account has descended into consistently losing money, people who formally worked there have defected, and it is difficult to speak to someone still involved with the organization to get support - all very bad signs. I would avoid association with Korvato until they get their issues worked out.