The Cash Loophole is a new name for the same auto trading software that was formerly called Profits Eternity. This “white label” binary options trading software is marketed by a variety of companies under multiple names, including the newly released WikiTrader.
You are probably a new binary options investor, and you did not know that every week, another secret trading software is created.
Don’t waste your money at a software like Cash Loophole, read first how the scam works, read this.
Cash Loophole Scam
There are a few ways you can easily spot a binary options scam.
Number 1: They make big promises about the effectiveness of the trading software. Here is what Cash Loophole wrote:
“This Legal LOOPHOLE Racks Up To $1,987 EVERY THREE HOURS Like Clockwork…”
Number 2: They tell us that we are part of a select few people who received this exclusive invitation. When we look at the email it was sent from, it is just more binary options spam.
Number 3: The website TheCashLoophole.co was only created on Sept 21st 2016, yet they say: “439 CONSECUTIVE DAYS OF PROFIT”.
Number 4: We signed up for the software, and they gave us an account at an offshore binary options broker.
Cash Loophole Review
There is nothing new to write about Cash Loophole as it is the same software as so many others we have reviewed, see here.
As you can see on the setting page of the trading software, it is basically empty. It doesn’t give us any real control of the software like a real trading robot. The only thing an investor can control, is the amount of money to lose on each trade, and nothing else!
Here is the settings page:
The website to login into the trading software is at: http://thecashloopholesystem.com/.
Fake Binary Option Brokers
ScamBroker.com is a website that is dedicated to reviewing binary options brokers, with more than 200 broker reviews. 90% of the binary option brokers online today are scams that are not licensed or regulated.
Go read the article; Why people use licensed brokers, so you understand that trading with an unlicensed broker is not a wise decision.
The problem using a trading software like Cash Loophole and others, is that they work with unlicensed brokers, which is the cause of many complaints in the binary options industry.
Australia ASIC Warning
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Our rule with trading binary options is to only trade with a licensed broker. Go take a look at the best brokers page.
There are a few automated trading robots that are popular among traders, because they allow you to setup the software and they work with licensed brokers.
Go visit the Signals Software page and try compare the various options there.
Please tell other investors reading this review of Cash Loophole, which broker they recommended and how much money you lost, in the comments below.