Fast Cash Formula Review
Fast Cash Formula is presented by a chap called Daniel Machowski whose backstory is not really explained. But what he seems sure of is that his system can make you at least $15,000 a month; which is no small feat. Of course, he does not bother to explain how exactly his binary options trading system works.
So does Fast Cash Formula really have the formula to give you some fast cash? Or is it a Fake Cash Formula? See our review below!
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- Fake earning claims
- Defunct website
Not Reliable Service
What is Fast Cash Formula?
Here’s a question: if you had a legitimate binary options trading robot with a decent winning ratio that can make you money progressively over time (with no guarantees), would you name it Fast Cash Formula? Even the name itself screams fake advertising.
The answer is of course, that Fast Cash Formula does not have the answer to making you fast cash from binary options trading. There is only one way you’re going to make ‘fast cash’ from binary options trading, and that is if Lady Luck is really smiling upon you on a particular day. But that’s not a reliable trading strategy is it?
No, the honest answer is that if you want to make actual cash at binary options trading, you will have to go for the ‘slow cash’ route. And by that we mean learning how to trade binary options, from understanding everything from what moves markets, digesting economic news, and learning at least the basics of technical analysis. And even then there is no guarantee of success, although your odds will definitely be improved.
As for Fast Cash Formula’s promise of $15,000 a month, especially off the back of a $250 minimum deposit, you will probably be better off buying lottery tickets instead. Just to give you an idea of the basic math, $15,000 profit off a $250 minimum deposit is a 6,000% return; and that is only the minimum Daniel is promising you? So tell us; does that seem very realistic to you?
The advertising in the Fast Cash Formula video is absolutely false – and poorly done too. Whereas most of these videos like to use the standard Photoshopped bank accounts and binary options broker accounts, these guys messed up and showed a Clickbank account instead!
For those who don’t know what Clickbank is, it is a platform where people can promote their products to affiliates in exchange for commissions. And while there are some legit products on Clickbank there are also a whole bunch of duds. In fact, Clickbank is one of the ways that these fake binary options robots promote themselves! These affiliates then spam your email with these offers for binary options trading robots.
Another way these binary options robots promote themselves is review sites. If you see a link to the robot’s site with the address looking like this xxx.xxxx.clicksure.com then you know they are an affiliate of the robot and are not to be trusted. What’s funny is that we have seen many review sites use affiliate links when linking to the robot’s page, even though their review itself is negative! Perhaps they figured that even negative reviews won’t deter some people from signing up so why not make a few bucks anyway?
How Does It Work?
Two words: affiliate marketing. While these robots pay affiliates to promote themselves, they also get paid via affiliate commissions from their partner binary options broker! That’s why these robots are free of charge; the money comes from the commission they get from the broker when you fund your trading account with them. It’s all one giant unethical affiliate marketing funnel.
As for these partner brokers, they are typically unregulated and in many cases also have a host of complaints alleging unethical and fraudulent behavior on their part. In our case, the Fast Cash Formula website is now defunct so we were unable to see who their partner broker currently is. However, we did some digging and found that in the past the broker they partnered with was Option Rally which while CySEC regulated, was also the recent recipient of a CySEC fine.
Fast Cash Formula will not give you any fast cash, which is nothing but a pipe dream for lazy people. It is just another falsely advertised binary options robot. Do not give them any of your personal details.
|All brokers >>|