Cash Formula Review
Nowadays, the field of binary options trading has evolved greatly especially with the release of new binary options trading software every now and then. The trading software is meant to make the work of the binary trading much easier and less stressful. However, the risk involved in the binary options still remains even with the use of the binary options trading robots.
Developers of these binary options trading software seem to be in a competition of who will develop the most efficient and trustworthy trading software. Without a doubt, there are very legit binary options trading software in the market today, which the traders cab use to generate sufficient profits although they are also not prone to making some losses from time to time.
However, although there are many genuine binary options trading software, there is also a rise in the number of fraudsters in the market. These scammers are developing trading software with an aim of making money from the software without minding whether the trader makes losses or not. In most cases, these robots end up making losses after losses until the trading account pf the trader is fully depleted of funds. With this in mind, we have done a thorough research on the cash formula binary options trading robot in a bid to clarify whether it is a scam or legit. Read our review to find out more.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- The software is freely available for download to the binary options traders.
- The website has a customer support team to help traders in case of any queries
- There is no information available about its original owner.
- The company distributing the software seems to be doing it under secret
Not Reliable Service
What Is Cash Formula?
The cash formula is distributed by a company that is co-founded by Tim Stafford who claims that the software was leaked to him by a person he calls his mentor. He claims that the cash formula was a top secret trading tool that was only being used by the chosen few to tade binary options until he got a hold of it and decided to start distributing the software. Although this information draws the attention of many binary options traders who would like to have an experience with this software that was preserved for the elite, traders should also be warned; curiosity killed the cat. The fact that Tim Stafford is not ready to disclose the original source of this software creates some doubts as to whether the robot is safe and secure to use.
This trading software is however freely available for downloading by the binary options traders.
How Does It Work?
The cash formula binary trading software is said to use the money waves (the downtrend and the down trends) in the market to do its calculations using its complex algorithm so as to generate signals to place trades.
Before accessing this trading software, the prospective trader must fill in some forms in their official website. The website also has a customer support team and Tim Stafford is a member. But however this may seem to make this software somehow legit, we also caution traders since this binary options trading robot is new in the market and we can not prove whether this is just a crafty way of winning the hearts of traders or a real genuine deal.
After filling in the forms, the trader is then required to make a minimum initial deposit of $250.
The company that distributes this binary options trading robot claims that its minimum percentage return is 76% although we could hardly confirm this to be true. The company also claims that the software also has the capability of earning the binary options trader a maximum profit of $20,000 in 24 hours, which sounded as a fantasy. If it is true, this robot can be a very worthy deal for binary options traders. But considering the risks involved in binary options trading, such amount of profit is almost impossible to make within such a short period of time.
Final Conclusion: Is Cash Formula a Scam?
We found very limited information about this binary options trading software and especially documents proving that the software really works. Also, looking at the scarce information available about the original owners of this trading software, there remains a lot of questions as to whether it is a safe and secure binary options trading tool.
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