Product Name: Fast Income App
Product Owner: “Kay Muller” AKA Michael D. + Joe W.
Advertised Price: Free
Real Price: $250
What Is It?
Binary options trading software that is supposed to make you $300+ in two minutes and 1.6 million dollars per year. It's fast, free, and easy.
Yeah right – It's a scam!
We've seen it a million times before, so why would it be different this time? An app that makes 1.6 million dollars per year with just two clicks in impossible.
Binary options trading is a real thing, but it's very high risk trading, and you can lose just as easily as you can win.
It's a completely ridiculous idea that there has been an app invented that can predict which way the stock market will go. Even million dollar computers can't do it, and billion dollar hedge funds can't do it, so why would a free app that someone sent to your email be able to do it?
Signs of A Scam
Sounds familiar? Check out those reviews and take a moment to consider the possibilities of there being six separate apps that are secretly creating millionaires.
Sound silly? Good. Now you're thinking straight.
The first thing these guys try to do is put a “nice girl” on their video to make it seem more legit. Awww, how could she lie to us?
It's an actress. The real owners of this software are named Michael D and Joe W. These are probably fake names as well, but you can see here on the JV page that they are the true creators.
JV stands for join venture, and it's the shorthand for talking about these affiliate ventures. Guys like Joe and Michael creat a product, then offer people a percentage of the money to go out and sell the product.
Affiliate marketing is a legitimate business model, and it's how I make money online. But if the affiliates don't do their homework and sell stuff like Fast Income App without checking to see if it actually works, people get scammed.
I can 100% guarantee that none of the affiliates promoting this product have actually tried it. It's $250 dollars to sign up – why would they spend that kind of money to honestly test this thing when they could sell it to you and MAKE $250 instead?!
It's Not Free
The big scam to watch out for is that they start off telling you that the system is free. Technically, it is free because you don't pay for the software. However, it's still going to cost you $250 dollars to begin trading.
Is that your rent money? Will that put food on your table? Don't spend it.
If you honestly think it's possible to make $300 in two clicks, go ahead and test it, then come back with your results. Just remember, that's money you'll never be able to get back.
And while I can't speak to this specific broker, many people trading binary options have reported that winning trades are NOT able to be withdrawn!
There have been many reports of people earning a few thousand dollars, then being told by the broker that they haven't fulfilled their minimum trades. After a couple more trades, they lose everything.
Sound like a scam? Yup.
So not only do you have to worry about getting scammed by the software creators, but many brokers are scam sites as well. Most are NOT regulated by the FTC and are companies residing in Cypress, China, Panama, or other countries where the US government (and your bank) have no jurisdiction.
Unless you have a couple hundred bucks laying around and a very curious personality (with an appetite for risk), the Fast Income App is not for you.
So what to do next depends on what type of person you are. If you are looking for a quick fix to your financial woes and need to make money this week, I have nothing to offer you. My only advice is to be careful out there, because you are the #1 target for scammers.
If you are looking for a legitimate way to make honest income online, then I can help you out.
What I do on One More Cup of Coffee is expose scams like this and send people in the right direction.
Making money online is possible. Thousands of people do it, and there are at least 100 different ways to do it. You just have to find someone to teach you ONE way, then you need to learn it.
I earn money online by making simple websites and writing about topics that interest me. I sell stuff from Amazon, Walmart, and other companies, and earn a commission each time an item is sold.
You can learn how to do the same thing, and I can help you do it. Take a look at the training center where I learned, and I will help you through the 10 free lessons they offer.