So team of Binary Options Daddy is back with our first review about an auto trader which is viral currently. The name Cash Formula is currently on the air of Binary Options Trading. Novice traders who are engaged with this trading platform are reported to be sent frequent spam emails containing promotional elements of Cash Formula. And the system now is widely concerned, whether this software is a scam or genuine?
Well, we have encountered this software into depth and confirmed that this is just a common scam system which failed miserably to prove their legitimacy. Throughout this honest review of Cash Formula system, we have pointed some of the solid evidence that literally confirms about the scam attempt of this system.
Cash Formula Scam Review – Facts That Confirms Its Bogus Status
The most suspicious factor about the cash formula is that its official website has been seen in two different formats. Both of the websites are designed very poorly. However, the latest one is a bit improved comparing the older one. Hence, both the websites have failed miserably in making an acceptable approach. Take a look at the previous official website of Cash Formula software before we discuss any further.
Here all we can see is a poorly edited presentation video and right below that a user signup section. And yes, there it was mentioned that limited spots are available in our country. Let’s uncover the video portion first. The promo video starts with some fabricated images and clips combined subtitle and voice narrator explaining things that have nothing to prove of the system’s legitimacy.
As the video continues, some more useless info is fed to the viewers, and after a couple of minutes the on screen culprit shows up. He then continues to provide some more useless info regarding world stock market. However, there is no way to know how the software works to earn your profit from Binary Options Trading. During the entire promo video, all we have seen is fabricated images of fancy yachts, luxury cars, and big houses that are shown just to divert your mind forgetting some of the vital facts.
The fact, you should never trust any system in the financial platform that is not honest enough to show their working process to earn you money.
The Latest Website?
Meanwhile, in the latest website of Cash Formula Scam, you can see entirely different pieces of stuff. Here you can point out more number of scam attempts comparing the old one. The very first fishy thing we have encountered in this one site is the countdown widget. It was said that there is no time left, and users were instructed to grab the last spot before the time expires. Nevertheless, we have waited until the end of the countdown ends.
And, once the widget stops counting down, it supposed to closed the access. But, hilariously, even after the time expired, they allowed accessing to the next procedure when we provided an email ID.
That was not just enough. Once we are accessed using an invalid email ID to the next page even after expiry time of limited access, we have experienced another odd stuff that clarifies that this is a 100% scam software. Just like any other scam software, the system finally continuously showing pop-up spam. And, this is not just a common spam. The popped up window claims to provide instant bonus case of up to $10,000! I mean seriously? Where they even get such poor idea? No legitimate software would make such lucrative claims just to attract and convince the novice traders to register with the system.
They even have claimed that there was only 1 spot left. But, what so pathetic about Cash Formula is that even after they claimed that someone else has just joined their system, the 1 spot available was still right there.
No Proper Evidence of Trading History
Throughout the entire video presentation, there was no proper explanation of how the system works, no proper evidence that could prove the legitimacy of this software. They have been showing fabricated phony bank accounts constantly in pursuance to exhibit that they are really making money using the software. However, they failed to show any acceptable trading history that could imply of its trading statistic. All the legitimate trading software would expose their trading strategy as it’s a prime factor to create a relation with their clients.
No experienced client would simply trust on a software just because they talk big. As you are engaging into the financial platform and your capital matters the most, and you need to know everything before you put your investment. But, Cash Formula is likely to be skipping these crucial factors and tried to divert the client’s mind just by showing lucrative elements. Therefore, the Cash Formula software is no way to be trustworthy.
The Live Chatting Room
Well, after I was asked to take further steps, I have provided a fake emai ID to the system (As I know the will be contineously sending Spam emails), I was directed to an another webpage where a live chat widget was located. So, I wanted to give a try if they are responsive and legit or not. One I have started asking them some vital questions, they failed to provide the proper answers to my question and kept on trying to divert the each topics. I asked them, “Currently 0ver 3000 people are online filling up the form to grab the spot. However, only 1 spot is available as seen in the site. So, what makes it possible that I can get the single spot opportunity if I start registering now?”
Answering to this question, they told that their system is not available in my country. Meanwhile, on their website homepage it was clearly stated that limited spots are available in my country. So, I had to mention this fact and enquired further on this subject. Finally, their answer bucket got empty and they ran away without even answering my last question. What makes them worse, they even deleted all the conversation from the chat widget. So, this is definitely a pure sign of scam with big red flag.
Final Verdict – Cash Formula Is a Scam. Stay away from it.
We have searched for the proper identity of the alleged owner of this scam software Cash Formula. As expected, there was no real social media profile of the man on the promo video and no related stuff is found in the Google. Defintely, the identity and name he possessed in the whilepromoting the software was fabricated and he is a random paid actor playing the role of the founder of Cash Formula. However, we could not find him in the fiverr and lack of providing our evidence in this regard. Hence, we have provided enough evidence and shared the odd factors to prove that the Cash Formula is a pure scam software.