Product: Binary trading software marketed as the ‘code to financial success’.
Cost: $97 + $200 or more broker deposit
Review Summary: This is a binary options scam, I do not recommend this.
The Sales Page
First of all this guys real name is not Roger Pierce so there goes his credibility. If he was such a big shot and renowned software engineer and trader, why hide behind a fake name? See the screen shot below for proof of what I am saying…
The claims this faker is making on his sales page are outrageous and completely fictitious on all counts. You are told that with NO prior experience and with NOTHING to learn you are going to be making money to the tune of tens of thousands of dollars in a very short amount of time…
First of all that is just a total lie! You will not make money that easily in trading with this system or any other of the myriad of BS trading systems on the market. If it was really that easy everyone would be rich, think about it.
Anyone with a fancy sales page, some fake income reports and a convincing video could slap this crap together and mislead people into buying it.
What you should know is that ‘Roger’ (almost certainly) makes money whether you claim your money back guarantee or not! He also makes money regardless of whether you make any money with his system or not.
That is why this is such a popular scam…
Most of these people are making money when you sign up to their recommended trading platforms and deposit money, they get a commission based off your deposited funds!
They make money every time you deposit something into your trading account, provided you sign up with their ‘recommended’ trading platform that is.
The unsubstantiated testimonials are also a nice touch I must admit. I did some checking and it seems some are real people and some do not exist on Facebook. I couldn’t find any one real person reporting anywhere near what ‘Roger’ is claiming you will be making.
Promises of push button riches and easy success for a small investment and no experience or work needed is nothing new though, it is everywhere. This is very common with these binary options scams and there is certainly no shortage of them.
As bad as this one is I have actually seen worse, much worse. The worst one I saw was the most blatant rip off I have ever seen in my life claiming you’d be a millionaire in 90 days or less. The thing is it wasn’t a branded system like this so no one can actually review it, or warn others about it. It was a sales page from a banner ad that sent you into a trading platform.
I want to make it clear that I did not purchase this product, nor did I want to. I don’t need to jump off my balcony to know it’s going to hurt when I hit the ground!
Why didn’t I buy this?
Because I have been burned by many of these rubbish trading ‘systems’ and I’m telling you this one is no different. Ask anyone that actually knows anything about trading and that you trust to give you some advice on this product… see what they say.
Anyone that thinks you’re just going to plug in and get rich is very mislead, this is a fantasy friends… a fairy tale.People go to college for years to learn economics and become successful market traders. Those that don’t do that study how to trade successfully for months and years while paper trading first until they have a strategy down pat.
I know people making a full time income with trading currencies and commodities and they did not get their with a ‘secret’ indicator software.
Indicators are essentially what you are getting here, there are boat-loads of these out there and a lot of them are free. They can work well alongside actually knowing what you are doing but not as a stand-alone system.
What Really Happens Once You Buy This
Most brokers require a minimum $200-$300 deposit to get started so if you think your $97 was it you are dead wrong. You’re going to be out of pocket about 300 bucks just to begin with!
It sure won’t look anything like this for you I can assure you…
As with a lot of these systems you’ll maybe win a couple of trades in the beginning but then the reality sets in and you start losing. You are now experiencing that feeling you get when you’ve been ripped off, and you’re broke. I feel your pain here believe me.
Most often these things are riddled with up-sells so you will likely get emails or a phone call to upgrade to a ‘secret weapon’ or some other guaranteed upgrade. At this point you will now be losing more money if you proceed.
People have lost tens of thousands of dollars to these types of things… that is a fact.
Why Do People Fall For This Kind Of Thing?
You are smart enough to be here, reading this review so I have to say good on you for educating yourself.
The number one reason why so many people get sucked in by these types of systems is because they want an easy way to make a quick buck. I mean who wants to spend years learning how to trade when they may not even make any money anyway.. right?
Well unfortunately you WILL need to spend time learning if you want to make money with trading. Trading (even trading) carries a very heavy risk profile regardless of what you are being told.
So if you want to make money this way, learn the right way to trade. Plain and simple, there are no shortcuts.
Yes people do make money from trading trading is NOT a scam or even gambling for that matter, but successful traders educate themselves first. They educate themselves properly and thoroughly.
If you know little or nothing about trading, like most people reading this… I would run for the hills. If you want to have access to some new trading indicators (signals) and can afford the $97, that’s your call.