FastCash .Biz was a binary option trading signals product that launched in September 2015. What you are now seeing is a copycat of the original scam, which moved too FastCash1.biz.
There are literally hundreds of trading signals websites, and trading systems for binary options. Some are elaborate and others are very basic. What FastCash .Biz did was, they spent a lot of money on their marketing videos, and very little on the actual product itself.
FastCash.Biz Review
WARNING: See how this binary options scam will steal your money, read this.
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Here are a few statements that FastCash.Biz publishes on their website, after you have gone through the multiple convincing sales videos:
“The system enables you to access various brokers through its innovative platform.”
When we signed up they created an account for us at Ivory Option, which is a scam broker based in Bulgaria.
“Please Fund Your FastCash.Biz Account Below, So We Can Assign Your Matching Deposit Bonus Immediately”
Once they created an account for us, they try to force us to make a deposit, before showing what their trading signals are. Also, the big scam is that they are tell you to make a deposit so that you get a matching bonus. Most new traders do not understand that a matching bonus comes with strings attached.
You can read about broker complaints here to see why it is a suckers bonus.
“The recommendations are given based on an advanced algorithm.”
Again, what exactly is an advanced algorithm? Every binary options broker offers their investors a wide variety of trading signals from many different sources. A trading signal is only good if the trade is placed at the correct time. With binary option trading, especially short term trading, a difference of one minute is the difference between profit and loss.
“Set the default amount for your trading actions. Amount can range between $25 and $300.”
Apparently, the system is simple a trading signals generator, and it does not place trades for you automatically. In their video they state that a member of the FastCash.Biz team will contact you once you have deposited money into your account.
In reality, the only person contacting you is a salesman from the brokerage firm, whose job it is to get you to deposit a lot more money.
“We have online support 24/7/365 by email, chat, Skype or phone.”
The support email address listed in “[email protected]”. What real company uses a Gmail account for corporate email? We challenge you to email them, and see if you get a reply.
Conclusion About FastCash.Biz
WARNING from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
To summarize, FastCash.Biz is just another gimmick to lure new traders into the world of binary options with dreams of turning your $250 into millions.
The reality is that there has never been a trader who turned $250 into $1,000,000 by trading binary options. There does exist professional traders who trade binary options with a licensed and regulated broker who can make money. But the majority of people end up losing their money, and even worse, getting scammed by a shady, licensed, scam broker.
Before depositing money with a “broker”, be sure to check the list of licensed and regulated brokers.
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