Charity Profits App
- What Is the Best Possible Time to Trade - October 26, 2020
- How To Identify Seasonal Patterns in The Stock Market - September 16, 2020
- The Best Way To Manage Risks in Trading - August 26, 2020
Binary options has seen a mass explosion in popularity of late, and of course along with that comes the many software trading systems catering to binary options traders which have also started to pop up on the internet. Some of these automated trading systems can be considered to be solid and reliable while others not so much. But the commonality among all of these different trading systems is the fact that they all promise to help users of this software achieve financial freedom with little or no effort at all.
However we can never take these promises at face value, as of course we don’t live in a perfect world. In order to find out if any of these types of software are reliable and legitimate, we have conducted a full review on them and from our findings we have provided you with all the information that you need to make up your mind about these trading systems. Today we are going to take a closer look at a new binary options trading robot called the Charity Profits App, (so named because they claim to give back to charity) that is currently making its way around the internet. The question now becomes, is Charity Profits trading system a legitimate trading system or a scam? Read our in-depth review to find out.
Software: 100% Automated
Max Returns: 97.56%
Minimum Deposit: $250
Countries: All nations
- No technical information on how the software work
- Overhyped Marketing
- No Proven Track Record on the performance of the trading system
- Free software
- Percentage of profit donated to charity
Not Reliable Service
What is the Charity Profits App
Charity Profits App is an automated trading software that was developed by a woman called Megan Sanders. The fact alone that it was a woman who developed this system was interesting enough to capture our attention, as this playing field is largely dominated by men.
From the information contained in the Charity Profits App promotional video, we have gathered that it is an automated trading software that was developed by Megan Sanders as a way to give back to people who are struggling financially. A former financial analyst, she was motivated to come up with Charity Profits App after witnessing the death and poverty she saw in Africa.
In the Charity Profits App promotional video, Megan Sanders is so confident that the software will help its users make at least a thousand a month that she is willing to back that claim with a promise to pay anyone who fails to earn that amount with five thousand dollars out of her own pocket. She even goes further to say that you will in fact be able do this on the very first day that you sign up.
How does it work?
The Charity Profits App is described as a sophisticated signal trading software that uses complex algorithms to help its users trade binary options effortlessly and around the clock. With the software, the trading process is also entirely automated once the trading parameters are set by the users. According to Megan, the software has already helped its users make $1.7 million in profits. And with the system, no trading knowledge or experience is required since the software decides when to trade.
It is interesting to note that Megan has resorted to heavily appealing to the genders to promote her trading system rather than letting its results speak for themselves.
From our comprehensive review of the Charity Profits App, we are unable to draw any conclusive conclusion that this trading system is a scam. Nevertheless, there are many red flags that give rise to suspicions that everything may not be exactly as it seems. First of all, there is the guarantee of paying five thousand dollars to those who fail to make four thousand dollars within the first month of signing up. To us, this sounds like an overhyped sales talk.
Secondly, Megan claims that a percentage of the profits made will go to charity and this is her reward for sharing this system to the public. What we don’t understand is if the software can achieve such a high profitable level, why not make use of her software to trade herself and donate all the amazingly high profits to charity directly? Why does she need users to sign up for it and trade through her list of recommended brokers? To us, it seems like a roundabout way of doing things.
Finally, we also note that Megan is appealing to the female audience by stating that even women can become millionaires as easily as men. As a person who claims to have worked in the financial industry, she should have been very much aware of the fact that the financial markets don’t differentiate genders, status or even ethnicity. This raises the question whether Megan was indeed a former financial analyst. We could be forgiven for getting the feeling that this is just a scam that preys on people’s emotions.
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|