Opus Formula Review
The charm of binary options trading is that it is easy to understand and often perceived as a gambling game rather than trading. Still, a game or not, it is very lucrative for binary options brokers who make real money in the industry. On the other hand, to make money as an options trader, one has to be pretty skillful to achieve long-term financial success.
The industry has meanwhile become overwhelmed with different tools and expert advisors which guarantee above-average success rates. Their main mantra is that people do not have to be involved in the complex trading strategies; they can simply hire or buy expert help in the form of software which will do the work for them.
All of this sounds nice, but if all the ads were true, wouldn’t we all be millionaires by now? One of the latest software inventions is the Opus Formula software which is an auto-trading tool promising unrealistic profits. Can we really trust software to run our trades independently, or is the Opus Formula yet another scam? Let me break it down for you in detail below.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- Provides hope for future inventions
- A launch of a well-known scammer software under another name
- Unrealistic predictions
- Negative user feedback
Not Reliable Service
What Is Opus Formula?
Opus Formula is an automated trading tool which executes trades automatically on your behalf and supposedly makes fortunes. The founder Simmons Jr. claims a success rate of 98% which is just as ridiculous as it sounds.
Another red flag is spam e-mails sent to registered binary traders stating that they happened to be one of the lucky individuals selected to test the new software. The email mentions unrealistic daily profits of $1000- $7000. We have all been victims of spam e-mail one or the other time and you probably know that nothing good comes from such e-mails.
The Opus Formula promo video displays positive testimonials which have little to do with the real feedback of users who seem not quite satisfied. This also indicates that the software is claimed to be something it is not. The inventor of Opus Formula states that the software won the so-called 2016 Commodities Hedge Awards, whereas no evidence can be found on that.
The biggest alarm and indicator that Opus Formula is a scam is that it is not brand new as it claims to be, but yet appeared and reappeared in the past under different names like Millionaire Blueprint or Quantum Code. Both versions advertised the same idea and worked on the same principles like its latest 2016 spin-off, the Opus Formula.
Opus Formula is clearly something we already have seen in the options market and it is not good news folks. New options traders should be especially careful because they are the main target of such scammers. They try to lure novice traders by promising them the impossible. There is no way a trader can sky-rocket to $5,000 from a $250 deposit on the same day. This industry does not work that way.
How Does It Work?
As every auto-trading software and tool, Opus Formula is based on a set of mathematical and algorithmic calculations made by expert traders and programmers who claim to know how to predict the market and incorporate the knowledge in a computer. The idea is definitely revolutionary, but the technology, regardless of how far it has come, is not yet at the peak of its performance and the robots are usually full of defects, e.g. they freeze in the middle of a trade, they are complicated to operate so that traders can easily set the wrong patterns and lose stacks of money due to stupid technical mistakes, etc.
In addition to the already complicated auto-trading software which should be only operated by true professionals who know to combine it with their manual trading skills, we are presented with a sudden miracle worker who is supposed to make us rich with no knowledge and no skills. Therefore, if you ask me how the Opus Formula works, I would say it does not work at all.
Final Conclusion: Is Opus Formula a Scam?
As we live in an amazing world full of great inventions and fancy technological devices, it is not that unlikely to believe that it might be possible to have a robot making money on our behalf. Still, the world has not come that far yet. The unrealistic promises always end up in disappointment. The binary options market is a perfect target for scammers since it is an online business on the one hand and highly decentralized on the other.
The Opus Formula is just one rip-off tactic in a row, and sadly, there will be more Opus Formulae in the future. The software is not reliable, and according to the feedback of many users, it is a money-eater instead of a money-maker.
|All brokers >>|