What is the new Obcasio software and is Michael Watson someone to believe about making money? Obcasio is supposed to be a revolutionary software for trading binary options, but it does not live up to all the hype.
Just take a minute before you “invest” money at a scam binary options broker with the Obcasio software and read this article which explains how the scam works.
The Obcasio Scam
When we clicked on the link in the email we received from a know spammer, we saw the Obcasio pitch video. Basically, this guy who calls himself Michael Watson is willing to say anything to you, so that you use his poor excuse for a “trading software”.
In the email they sent us they wrote:
“It’s not your typical job – you only work a few hours a day and can get paid over $2,000 per day.”
A real trading software like the ones listed here, would never make such outrageous claims, and no legitimate governing financial regulator would authorize such misleading advertising. Sadly, there are many people just like you who fall victim to these scams, and you can read their complaints in the binary options forum.
Obcasio Review
There are quite a few trading robots for trading binary options, however the legitimate onesĀ have multiple controls like; maximum daily trades, asset selections, daily stop loss, and more.
The Obcasio software is such a stripped down software, that all it lets you do is adjust a “risk setting”. It does not allow you to determine how much money will be traded each time, and in theory your entire account will get wiped out in a matter of a few hours.
We have never seen such a poorly designed product.
Warning About Scam Brokers
The binary options industry is filled with online scam and unlicensed brokers. Criminals setup on fake brokerage firms in offshore location to look like real brokers. You must be aware that the only place to trade binary options is by a locally licensed and regulated broker.
The broker that Obcasio connected us with did not have a license from any government regulator. Go here to see the popular licensed binary options brokers.
Did You Know that many binary options broker make money, when you lose money.
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.”
Please share with other people your experience with the Obcasio software!