As one of the fastest growing industries in the financial world, it is not surprising to find the binary options trading arena constantly being flooded with all kinds of trading solutions said to enhance a trader’s trading ability. While some of these trading solutions may be genuine, many are actually scams. This is the main reason why this website exists. We are constantly monitoring the internet for any new trading software that claims to help traders generate profits at an astronomical rate and see if the claims holds up to our scrutiny. For this review, we will take a look at the CashFormula trading system that was introduced by their founders, Tim Stafford and Professor Drew Cummings. Claiming a win ratio in excess of 70%, can the CashFormula trading system live up to its claims? Keep reading our review to find out.
Software: 100% Automated
Max Returns: Up to 86%
Minimum Deposit: $250
Countries: All nations
– Free Software
– Dubious Origin of Software
– No verified trading results
Not Reliable Service
What is the Cash Formula?
Also known as the CF Files, the Cash Formula is said to be a trading software that uses a secret algorithm to trade the financial markets with a phenomenal winning ratio. It is distributed by a company that was founded by both Tim Stafford and Professor Drew Cummings.
One of the first red flags that we noticed about the Cash Formula trading was its purported origin. According to Tim Stafford, it is based on some secret algorithm which was stolen by some hackers which later sold the algorithms to a banking cartel which in turn accidently leaked details of the algorithms to his anonymous mentor. Frankly, this is the kind of story that you only find in thriller movies or spy novels.
The main issue with this story is the fact that the algorithm was stolen. Given the fact that it is illegal to deal with stolen material regardless of how many parties the stolen material has passed through, you will also become complicit in the handling of stolen materials. And if there is no actual risk of the authorities coming after you, then it stands to reason that the story of the algorithm origin is most likely fake which by implication means that the software is a fake too.
Furthermore, given the anonymity of this so called mentor, there is no way to verify the legitimacy of the Cash Formula trading system.
How does it work?
So let us take a look at how the Cash Formula works. Based on the explanation offered by Tim Stafford, the Cash Formula uses a trading concept of following “money waves”. Based on the periodical ups and downs which the markets go through, the Cash Formula exploits these cyclical movements by placing trades at the peak and trough of each cycle and compounding the profits each time a trade is made.
The returns for the Cash Formula is said to be in excess of 76%. Because of the high winning ratio, the trading system is limited to making $20,000 profits every 24 hours.
Anyone who joins the system would be able to generate a maximum of $20,000 in 24 hours of trading. So by filing up the registration form and making a small initial deposit of $250, you gain the chance to make $20,000 every day without any effort at all. If this sounds too good to be true then it probably is after we take into account the dubious origin of this software.
From our research and observations, we find that the Cash Formula is nothing more than a money making app for its creator. And the marketing of the Cash Formula is solely designed to get you hyped up and register for the software. We strongly advise you against joining this worthless scheme as you are most likely never to see your money again.
The unfortunate truth is scammers are getting smarter and smarter each day. Using paid actors and fancy terminologies to impress and gain your trust, they install a false sense of security and hope in everyone just to get people to sign up with them. So don’t be fooled by their empty promises.
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