Jarvis Formula is an auto trading software that was opened by a fictitious person named Paul Jarvis, on November 10th 2016. As a new “investor” in binary options, you probably don’t know that each week we expose another fake trading software just like this one.
Scam Alert! Before wasting your money on Jarvis Formula, learn how the scam works, read this.
Jarvis Formula Review
We did not find anything exciting about the Jarvis Formula software, since it is the exact same trading robot like the other bad ones we reviewed.
A real auto trading software see here, gives you the trader, a full selection of setting and controls for the trading robot. When we tried to get back to the Jarvis Formula, we couldn’t figure out how to login to the website. After a long time searching we found the way in at: http://software.jarvisformula.com/Guest.
Here is a screenshot of the Jarvis Formula dashboard:
Jarvis Formula 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 they write:
“You Will Make $2,600 a Today, It’s a Fact.”
The truth is, There is no binary options software which produces such great results, especially when they work with scam brokers.
Number 2: The Jarvis Formula tries to convince you that you are part of a special beta group, and you are the only one with access.
The truth is that they sent emails to literally millions of people, trying to get people to signup.
Fake Binary Option Brokers
The problem with a trading software like Jarvis Formula, is that they work with unlicensed offshore scam brokers, and this is the cause for many complaints, see here. When we signed up for the software in the United Kingdom, they registered us with an unlicensed broker called TradeXtra.
Scam Broker is a binary options broker review website, that has reviews of more than 250 binary option brokers. The simple fact is that 90% of brokers you will find online are not licensed brokers.
Take a minute to read the article; Why people use licensed brokers, and you will then understand why you should only work with a licensed broker.
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.”
Real Auto Trading Software
The few auto trading robots which are popular with binary option investors allow you to configure the software, and they let you choose a licensed broker.
Go visit the Signals Software page and then compare the various robots you see there.