Product Name: My Cash Bot
Product Owner: Albert Glenn
Advertised Price: Free
Real Price: $250
What Is It?
Drumroll please…binary options trading software (that doesn’t work)
There is so much hype on the internet surrounding binary options, that even among the purely “binary options review” sites, they can’t keep up with all the products coming out.
My Cash Bot from so-called Albert Glenn is easy to identify as a scam for many reasons.
Before You Buy
Are you looking for a way to get rich fast using binary options? It’s not going to happen. Ignore all the hype surrounding MCB. Even REAL binary options traders have to take the slow route to earning money, making only SAFE trades, and trading with a strategy.
The idea that a kind of software can choose trades for you and make you millions in a matter of days is ridiculous. Technically, you could make that kind of money if you put down $10,000 and got a few lucky trades, but if you are starting with minimum trades ($250), you are still going to need a long time to actually earn anything (considering that losing some trades is a given).
I wrote a post on scam trading software that includes some sites I think do legit binary option reviews. Me? I’ve never seen a “system” or software that works.
What I Liked
The dream of easy money…
What I Didn’t Like
It’s a real shame how manipulating these companies are. They say that you will get “very very rich” and that everything is “on autopilot” to give you the sense that you can make a ton of money without any effort.
Sorry to say, but it’s just not true. Even successful BO traders have to work their butts of to get where they are. They usually spend lots of time learning how to make successful trades and developing their own strategy.
Getting rich doesn’t happen over night, and it doesn’t happen with free software.
Don’t be fooled. All those testimonials are paid actors. Usually you can order paid testimonials online for $5-$10 each. Knowing they are paid actors, watch the sales video again and notice how the videos go from sounding genuine to obviously fake.
And that trade analyst? Yup. Same boat. A poorly paid actor. All documentation of the conference that supposedly happened is in photo form, so I’m guessing that it never actually happened. The photos were probable taken from Google search.
Boy That Cried Wolf
Have you been scammed by binary options before? Do you care to browse through the other 50+ reviews I’ve done on similar software?
How can be be expected to believe that My Cash Bot is telling the truth when it does all the exact same things that everyone else is doing.
If My Cash Bot really cared about their reputation they would do their best to distinguish themselves from the mile-high pile of scams crowding their industry. But they don’t.
This is very likely just another fly by night company that will have it’s website taken offline or redirect to a new domain within a matter of weeks*.
*Very often a company will launch a product, suck the money out of people, then launch a NEW product in a few weeks (with a different name). So they don’t lose any traffic that might trickle in from the old advertising campaigns, they just redirect the old web address to the new one.
I don’t have any personal recommendations for binary options because I don’t do that type of trading. It’s too risky for my blood.
But I do make money online and work full time for myself. If you’d like to learn more about what I do and how you can get started, you can read about me and my business here.