Product Owner: Daniel Grayson
Upsells: $200-$250 deposit required to use
What is it?
Yet another company offering ‘free’ software for binary options and pretending that the risk does not exist.
Binary Cash Creator is just one in a long string of companies offering ‘free’ software for trading binary options. Honestly though, there is no difference between what this company offers and all of the other similar companies out there. Binary options trading is a risky way of trying to earn money and it can end up being very expensive.
Before You Buy
Binary options trading is risky, so make sure you read all of the fine print first and check the reviews for the company. One of the advertised advantages is a matching deposit bonus. This is something that you want to pay close attention to. Often, a matching deposit bonus makes it much more difficult to withdraw money from your account and this appears to be the case with this specific company:
Withdrawing money from binary options companies tends to be much more difficult than it seems, and people often find that they are unable to even get out the initial deposit that they invested. This means you have to be very careful about getting involved with this product, as you risk losing any money you put into it.
What I Liked
The only thing I liked was that the site had a disclaimer on the front page, making the risks clear to anyone bothering to read the fine print. However, I believe the company had to do so legally, so it isn’t too much of a good thing. Additionally, many people will click through to the next page long before they ever see the fine print.
What I Didn’t Like
Making money quickly and easily… It sounds so appealing and just about everyone wants to do it. It is a completely unrealistic concept though and anything that makes these types of claims is something you should approach with an extreme amount of caution.
First of all, you’re not going to be able to earn hundreds of dollars a day from just 30 minutes of work – the real world doesn’t work like that. Second, the fact that the system is automated is not a good thing because it means that you have no control over what happens.
I don’t know about you, but I don’t like the concept of leaving my income over to a piece of computer software that probably doesn’t know what it is doing. Realistically, if the software did work as advertised, why go to the effort of promoting it? Why not just run the software thousands upon thousands of times to become a millionaire?
The reason is that the software doesn’t act as advertised and many people lose money using it.
So, what is it?
As the name suggests, Binary Cash Creator is another one of many online sites that promotes the use of binary options trading. This form of tracing is risky and can be expensive. In fact, there is no guarantee you will make money at all, let alone the hundreds of dollars that the website claims.
You can even see this from the fine print at the bottom of the page.
Manipulation and Lies
This type of product is so common nowadays. Sometimes it is called software; sometimes it is called an app. Sometimes it is free; sometimes you have to pay for it. In fact, there is so much manipulation in this product (and products like it) that it is difficult to know where to start.
For one thing, the software might be free, but you have to pay to use it. The actual method for making money involves trading, and this means you have to make a minimum deposit to actually start the process off. In this case, the minimum deposit is either $200 or $250 USD – as the site has both values listed in different places.
Once you deposit your money – there is absolutely no guarantee of winning. In fact, binary options trading is a risky approach and it is very easy to lose money.
Think of it this way…
Trading on the stock market is always a risk. Even people who know a lot about the markets they are trading in often lose. Do you really think that you can just walk into trading with no prior knowledge and make money hand over fist? Particularly when binary options trading is so much more challenging than normal stock trading.
So, this way of making money isn’t guaranteed and it isn’t free. What else is misleading?
Well, apparently when I was browsing there were 2268 visitors on the members page for the site. That seems a bit high, particularly as it was supposed to be a ‘secret’ website. Also, the members page is nothing but a sales pitch. Do you really think that more than 2,000 people would be viewing that?
The funniest thing is that if you reset the page, the count goes back down to around 1,100. Clearly the only point of the counter is to make you think that lots of people want the software – which certainly isn’t the case.
There are other things too. Like the live trades list on the Binary Cash Creator page is almost certainly faked, because the win percentage for binary options trading is nowhere near as high as the results imply, particularly not for people using software.
That brings me to another point.
Changes in markets are unpredictable. They are based on thousands of different things and no computer algorithm is ever going to be able to predict all of these. In reality, the software is pretty much useless.
To make matters worse, most people using this type of software have noted that it does all of your trading for you – giving you no options about the trades and often not even letting you see what trades are made. This means you have no way of controlling it and often no way of stopping it if you are losing money.
Binary options is a risky approach and Binary Cash Creator is just another one of many companies trying to trick people into signing up and wasting their money. Don’t fall for it. You will not make the profit the company advertises.
Making money online is not something that should ever rely on chance and that’s all that binary options is. A much more effective approach is to develop your own online business, because this is something that you can grow and develop over time.
There are different ways to approach this, but the best and most effective for newcomers is affiliate marketing. My #1 Recommendation is an online training site that can help to teach people everything they need to know, regardless of their level of experience.