The Guaranteed Money System is a new software which provides binary options signals. You are probably wondering if you should try the Guaranteed Money System, and will it make money for you, like they promise on their website.
ALERT! Make sure you understand how a “scam broker” steals your money, read this.
Guaranteed Money System Review
Guaranteed Money System software is very similar to many binary options trading systems. We recently wrote a review of one called Fintech Profits, and they are the exact same product! Like all the rest of these get rich quick gimmicks, you watched the video, and all the actors sound very convincing and legitimate.
You need to ask yourself this question: Do you really think you will make $1.3 million in the next 60 days. And who is offering the guarantee?
A smart investor that trades in Forex or Binary Options already knows that a signal is only as good as the timing of the trade. If some tells you to buy the GBP against the USD, because it is going up, you will make money, only if you buy and sell at the correct time. If you buy to early or too late, especially when trading binary options you will lose money.
Guaranteed Money System Scam
Here are the problems we saw when reviewing the new Guaranteed Money System.
- What are the signals based on? Are they random or is there a technical analysis method behind them.
- Which Expiry Time should I use on the binary option that I am buying. Is this signal good for 5 minutes or one month.
- Why can’t I choose to use a CySEC licensed broker, with a good reputation.
- Their historical signals have to be fake because there is no such thing as 100% accurate signals.
If you look at the screenshot of the actual software, you see that it says “Confidence Factor”, do you know what that means?
Unlicensed Brokers = Not Good
Did you know that only way to potentially make money trading binary options is by using a licensed and regulated broker. Your country has a government agency that gives licenses to these types of brokers, and it could be the CFTC in the United States, ASIC in Australia and the FSB in South Africa.
A major problem with free software like Guaranteed Money System is the offshore unlicensed broker they send you too. As we wrote above, if you want to know how you will lose your money fast, then you should read how the binary options scam works.
Go visit our best brokers page, and you will find local brokers that are licensed, see here.
Auto Trading Robots
A popular alternative to using a signals software for binary options, is to use an automated trading robot.
Since there are a lot of them to choose from, we wrote a list of popular ones still active today, look here.