Review Summary: A grossly misleading website that exists to convince unsuspecting people to deposit money into a broker they are affiliated with, known as Opteck. Every time someone makes a deposit, they make a commission whether you win or lose. I do not recommend this to anyone.
Price: $250 minimum broker deposit
What The “Cash Capital System” Is All About
This is presented as a way for anyone to make money quickly and easily for free. According to the sales presentation:
“You’ll be making $1000’s every single day with zero effort and no experience”
They even go as far as to say you’re able to make $10,000 per day without lifting a finger. That’s $3.6 million per year for effortlessly pushing a few buttons in just 10 minutes per day. Hmmmmm…
The reality is that no one makes money with these kinds of push button trading softwares. Sometimes people make money for a very short period of time but ultimately they lose their original investment.
This is an extremely popular form of online scam and I believe there are 3 main reasons for this:
- They are not asking for your money directly
- The lure of “quick and easy money” is incredibly strong and never goes away
- They use very clever, well crafted and proven marketing strategies to convince people it’s legit
Any program, especially in the trading game, claiming to provide you push button riches is 100% a scam. If this really was the case, everyone would just chill at home doing absolutely nothing while raking in millions of dollars. What an absolute crock!
The Core Product- Overhyped Binary Signal
The product itself is a ‘trading signal’ supposedly created by a bunch of Wall street gurus. They claim it pumps out 81% winning trades.
For starters… Dominic Bruce, John Falcoa and Bernard Sloan are not real traders. There is no record of them online apart from a prop FaceBook page they set up.
I challenge anyone to prove that these 3 guys are genuinely successful wall street traders and that they created this software…. safe to say I’ll be waiting a while.
Binary signals never produce the kind of results websites like this claim. These signals are just guides and the quality of each one ranges from totally useless to useful.
Any experienced trader will tell you that they are to be used in conjunction with a well planned trading strategy. Strategies based on a solid understanding of trading, experience and the correct mindset.
Understanding The Red Flags
There are a number of red flags to be on the lookout for with these kinds of websites and understanding these will help you avoid future scams a lot easier.
#1 Fake Endorsements
I can absolutely say that in no way is this website or their crummy binary software endorsed or associated with CNN, Investment News, Market Watch or any other trusted website or company.
This is nothing more than attempt to leverage existing brands to gain your trust. The more you trust a website, the more likely you will do what they are asking. In this case shell out $250 and give them your personal information.
#2 Sense of Urgency
The entire website is designed in such a way as to stop people from looking into the finer details and reading objective reviews before making a decision. They want people to ‘take action now’ because it means they’ll make more money.
Here’s a screenshot of their so called ‘limited spots available’ countdown:
Fact: The countdown stops at 5 and makes no difference how long you wait, upon returning to the website it simply resets. The timer is completely fake.
These people are affiliates for Opteck and as such make a commission when you deposit money into your Opteck account. I assure you they have no reason to limit their own income by ‘limiting’ new people from joining through their affiliate links.
The fact is they drive as many people through their affiliate links as humanly possible to make the most amount of commissions.
Why do they do it then?
Putting a sense of urgency on things increases their conversion rate because less people do their due diligence before depositing- it really is that simple.
The take away from this is to be careful of anyone pressuring you into performing an action.
#3 Free and Effortless… Nope!
They make every attempt possible to emphasise the fact they this is free. This is only a half truth.
Yes, they are not selling anything themselves… but the only way you can use this is by depositing money into your Opteck account. There is no reason a legitimate signal software wouldn’t work with many brokers, this is just the one that they are affiliated with.
The true cost starts at $250, but many people lose a lot more from these kinds of scams.
They also make the claim that you require zero trading experience:
Again, this is nothing short of a complete lie. Real trading requires real trading knowledge.
#4 Fake Testimonials
Something that is extremely common with these kinds of websites is the use of fake testimonials purchased for under $10 from websites like Fiverr.
I’ve proven this time and time again with scam websites and after watching the videos and knowing what I know, I can guarantee you it’s a total crock. Just like the fake Wall street traders behind this.
I searched high and low for these people and not one of them is able to be verified. The income screenshots prove nothing. In fact, they are more easily faked than the bogus testimonials themselves.
The Broker They Promote- Opteck
looking past the initial affiliate website and moving onto the actual broker…
How legit are they?
The broker they currently link to is known as Opteck which is a Cyprus based company owned by Centralspot Trading Ltd. They currently hold a licence with CySEC, a well known industry regulator.
In other words, the broker itself is not a scam for the most part.
That said… the broker has more than it’s fair share of complaints and the fact that they turn a blind eye to obvious scammer affiliates speaks volumes in my opinion. No legitimate and ethical brokerage would allow that kind of behaviour from their affiliates.
Unfortunately though, money is the primary motivator in many of these firms and they can legally distance themselves from this kind of thing in a variety of ways. As long as they’re not pushing this hype themselves and provide the income disclaimers as required… it’s all good right? I’m sure many of them think this way.
Here’s one of many complaints I found:
The bottom line, if you are determined to join this after understanding all the facts- proceed with caution. The broker could be the most legit company in the world, but you will still lose your money by trusting in a worthless signal software.
Another way these affiliates monetise their scam websites is by asking for your name, email and phone number. They grab this info because they intend on using it to up-sell you into many more ‘miracle trading products’ and softwares in the future.
They will email, call and text you until the cows come home. This is very common.
Email marketing in itself is legit don’t get me wrong, but if the kinds of products they are recommending you to buy are rubbish it’s not cool. People lose thousands of dollars this way because the salespeople on the other end of the phone are very well trained and know how to convince people to buy more, deposit more and/ or perform many other self serving tasks to line their pockets.
What I Liked
I personally like nothing about these kinds of scams. People are almost guaranteed to lose money.
What I Didn’t Like
- Highly deceptive marketing tactics
- Most people (if not all) will lose money if they do not understand trading properly
- The broker should not be allowing these kinds of websites to promote their platform- period
- Inevitable spam after handing them your information
It might seem like a cutting edge way to make tons of money online, but the reality is far different. This is a well planned marketing campaign just like hundreds of other binary scams out there convincing people they’ll make push button riches. It doesn’t happen. Binary options trading is legit in itself and people do make money. Yes.
Push button software like this, however, is an entirely different story and only serves to make the ones promoting it wealthy. I do not recommend this to anyone.