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One of the main reasons why binary options trading have become so popular among retail traders is because of the ability of traders to turn a quick profit with their limited investments. The fact that they are easy to trade is an added bonus. Nevertheless, there are still many beginner traders who find binary options trading challenging due to the lack of trading experiences as well as knowledge about the financial markets. Because of this, many of them have turned to automated trading system to overcome the lack of experiences on their part. This is why it is not a surprise for us to find that there are many traders who are thinking of signing up with Operation 10K, a newly launched binary options automated trading system. But can we be certain that this system is a legitimate system and is not a scam? To find out the truth about Operation 10K, check out our review of it below.
Software: 100% Automated
Max Returns: Up to 100%
Minimum Deposit: $200
Countries: All nations
– Free software
– No support
– No technical information
– More of an affiliate program than a true automated trading system.
Not Reliable Service
What is the Operation 10k?
Operation 10K is basically a binary options automated trading system that was initially launched in March 2016 by Desmond Ong and Mather Neer. Its purpose is to simplify the trading process so traders do not have to make the hard decision of deciding whether a trade is viable or not. From our research, we couldn’t find much information about the workings of the Operation 10K system and its performance.
Instead what we found was the fact that the Operation 10k system was being actively promoted as an affiliate program instead of trading solution for binary options traders. The affiliate program consisted of 10 video modules teaching investors how to set up their own affiliate program in just 3 steps for less than $20. Given the fact the creator of the Operation 10K system is more interested in encouraging and collecting affiliate commissions from their investors, the whole program seems more like a pyramid scheme than an actual binary options trading solution.
How does it work?
One doesn’t have to be a seasoned trader or a professional programmer to under the basic mechanics of the Operation 10K system is supposed to work. Basically, it is supposed to be an automated trading system which executes trades on behalf of its users. The user is no longer required to spend time trying to understand price charts and analyze the price movements since the system is 100% fully automated. And if you prefer, you can turn off the automated trading mode and trade manually. The software is provided free but there is the requirement to sign up for access and open a live trading account with the broker recommended by the system. Of course, you will also need to make a deposit of $250 before you are allowed to trade live.
Given the fact the Operation 10K is currently actively being marketed as a lucrative affiliate program, it is easy to understand why the system is being provided free of charge. The main objective of the system is not to help traders make more winning trades but rather to get more unsuspecting traders to sign up and make a deposit with the recommended broker. This way, the affiliates will get to earn more commissions as more trader sign up and make their required minimum initial deposit of $250 with the broker. So ask yourself this, where is the money for the commissions coming from? From you or from the broker? If it is from the broker, how is the broker going to recoup back their money if you win more than 80% of the time trading with them?
Our conclusion at the end of the day is that the Operation 10K is nothing more than a scam to get traders to make a deposit of at least $250 with the broker. And once a trader has made that deposit, it is very unlikely that he will get to see his investment again. So our advice to our reader is to stay away from the Operation 10K system. The people who created this system instead of providing you with an actual trading tool are just trying to sell you a dream.
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