Product Name: Fast Income Club AKA Fast Income App
Product Owner: “Jason McCarthy” AKA Desmond Ong
Advertised Price: Free
Real Price: $250
What Is It?
Binary options trading software
There are literally hundreds of products just like that that all promise the same thing. They are created under pseudonyms by internet marketing gurus to take advantage of the commission setup.
Binary options trading is a real way to make money, but there’s no such thing as a secret software or club that can guarantee trades to win. It takes skill and experience.
Before You Buy
Desmond Ong is a notorious internet scam artist that has had a few products reviewed on my site. So who is Jason McCarthy? No one. It’s made up name, false backstory, and a voice actor.
Internet gurus like Ong are able to take advantage of the setup of binary options brokers because there is no refund for you trades.
With products hosted through Clickbank, Clicksure, or JVZoo, they are required to abide by the 30 or 60 day money back guarantee. Because most of the products they produce are worthless, the refund rates are high.
However, with binary brokers, it works just like a stock market trade – you can’t go back and say, “sorry, I want a refund.” What’s done is done.
For each person that signs up, the product owners get huge commissions, often over $100. Affiliates too get large commissions. How is it that everyone gets paid so much just to get you to sign up?
This is very likely because most people don’t just spend the $250 minimum. Actually, what happens very often is that you win a few trades in the beginning, then lose all your money. People then spiral out of control, hoping to regain their initial investment.
Some folks end of spending $10,000’s of dollars on these software scams.
What I Liked
Usually I hate everything about binary scams. However, there was one positive thing I can say about the Fast Income Club: the site really was exclusive.
Usually these sites lie in every way possible, but when I tried to access the site through Google (without clicking an affiliate’s link), I was told that it was restricted to invite only.
It didn’t take me long to find an affiliate link to get my invite, but I was quite surprised that they did lock the sales video like that.
What I Didn’t Like
Pandering To Desperate People
This type of product has one type of person in mind: Someone that’s desperate for money.
They say things like you can earn thousands of dollars per day, with no skills, on complete autopilot. It’s so crazy the logic doesn’t even work out.
If you are trading binary options to make money, how the heck are you going to earn money while you take out your Ferrari for a spin? Who’s doing the trading?
The only people who believe this type of stuff are the ones that really need the money. If that was you, do not be embarrassed. It happens to a lot of folks, and the advertising videos are created to put you emotional buttons.
Everyone wishes money was easy to make, and that today was finally their lucky break. But scam artists know this and they play on it. Thousands of folks are getting scammed by similar products, and that’s why they keep producing this junk.
Association With Previous Scams
Though this product is called Fast Income Club, it seems to be promoting the Fast Income App. However, that app was created by Michael D. + Joe W, so I don’t know if who people accidentally chose the same name for their app or if there was some cross promotion here.
The logo is different, but the name is the same.
I guess at the end of the day, it doesn’t really matter because I would not recommend this thing to my worst enemy.
No one has EVER made money with these types of binary software. But a lot of people make money writing blogs. The great thing about blogs is that instead of paying $250 for you initial investment like with binary options, $250 can pay for more than 12 months of your first month of business operation!
Imagine that – you can run an online business for about $100/year. Because costs are so low, it’s easier to take the slow approach to building a legitimate business, rather than trying to get rich quick.
That’s what I do, and because it worked for me, it’s what I recommend you do too.