300 Dollar Trade Review
300 Dollar Trade is related to binary options but it is not a binary options robot. Presented by a voiceover identified only by the name ‘Jack Emery’, Mr. Jack claims that he will give you $300 straight up all while helping you make money! Certainly very different from a normal binary options robot shtick.
So will you really receive $300 just for signing up? Find out the truth below!
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- No outrageous claims
- Duplicitous claims
- Cheap promotional vehicle
- Website down
Not Reliable Service
What is 300 Dollar Trade?
Unless you are hopelessly naive (in which case you shouldn’t be doing any sort of financial trading whatsoever) you should know that there is no such thing as a free lunch. And in this case the $300 is just a simple broker bonus.
But let’s first look at what 300 Dollar Trade is. It is nothing but a simple landing page designed to promote a single binary options broker: Olimp Finance. This is not disguised; in the promotional video (which is nothing but a voiceover over some text, obviously low budget), Jack Emery openly claims to be an account manager for Olimp Finance. In addition to the free $300, he also claims that he will help you grow your wealth through his account management services.
So here’s the conclusion 300 Dollar Trade – nothing but a cheap promotional tactic by Olimp Finance likely started by the broker itself. The whole thing honestly just feels very lazy. But on the other hand, just because most other robot videos have higher production values doesn’t make them better; in fact it’s probably worse because more people would likely be duped out of their money. So while we can say that 300 Dollar Trade looks really unconvincing, it’s probably for the best.
Let’s move on to the broker itself Olimp Finance. Ask yourself this, would a reputable broker need to use such shady advertising such as 300 Dollar Trade to promote itself? The answer is obvious. But before we go any further, let’s take a look at their bonus terms in which the allegedly free $300 will come from shall we? This is what they say.
Notice the line ‘to withdraw funds that have obtained additional bonuses one must have a trading volume fulfillment of 30x the bonus’. The ‘funds’ in this case refer to both your deposit and the bonus amount! So that means that upon the receipt of your bonus, you won’t be able to withdraw any of your funds, including your original deposit until you trade a lot.
And what happens if you lose all those trades? Guess who the money goes back to? That’s right: Olimp Finance itself. Never forget that most binary options brokers stand on the other side of your trade; they win when you lose and vice versa. This means that if you lose, it doesn’t matter how much bonus you received; it all goes back to them anyway.
By the way, this kind of bonus withdrawal policy is most common in unregulated brokers, and no surprise there, but Olimp Finance is completely unregulated.
How Does It Work?
To simplify this whole situation, 300 Dollar Trade is just a cheap advertisement for Olimp Finance. Olimp Finance itself is a new broker that was founded in late 2015 so it is perhaps not that surprising that they would have to resort to such tactics to promote themselves in a crowded binary options brokerage market.
Nevertheless, we cannot recommend Olimp Finance based on a few factors. First they are completely unregulated which is strike one. Second, their bonus policy restricts the withdrawal of both the bonus and the deposit, which is unacceptable; strike two. And strike three is that their advertising vehicle 300 Dollar Trade is specifically designed to lure inexperienced traders in with this bonus and lock in their funds. Totally unethical and thus we recommend not having anything to do with 300 Dollar Trade or Olimp Finance.
300 Dollar Trade is nothing but a cheap advertising vehicle for Olimp Finance and the free $300 is just a broker bonus that will lock down your funds. We should note that 300 Dollar Trade website is no longer up although Olimp Finance is still up and running. Either way, we recommend not having anything to do with either one of them.
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