How Fintech Profits Work?
The system is considered to be quite similar to the other binary options trading companies. There have been several emails regarding the performance of systems that claim this could be considered as the newest and great trading software to be used by the traders. This could be done with a motive to invest their money and earn higher returns and profits. If you happen to watch the video representation, you can view several actors (presumably users or traders) who sound very convincing and genuine about the success story of the trading company. The founder of the company is trying to make the users or traders believe that one can earn as much as $200,000 by following the policies created by trading signals of the Fintech Profits software.
Those who are into the serious business of binary options trading and investing in Binary Options and Forex understand the fact that a binary trading signal can serve well only until the timing of the trade. If someone would tell the users or traders that if you would buy the Euro against the US dollar as its values are going up, then you can make a substantial amount of money. But this is possible only when you would buy and sell the trades at the right time. If as an investor or trader, you would buy and sell too early or too late, especially in the case of binary options trading, you might end up losing money.
As the experts reviewed the performance and reliability, there have been noticed several problems with the system. Some of them could be:
- What are the binary options signals based on? Are the generated signals random or is there the presence of some technical analysis method behind their generation and operation?
- What expiry time should the traders or the investors use for the binary option that they are buying or selling? Is the generated signal good for a duration of just 5 minutes or for one month?
- Why cannot the users select to make use of the CySEC licensed broker that has a good reputation?
- The historical signals of the Fintech Profits trading company have appeared to be fake as there is no such guarantee of 100% accurate binary signals.
A significant problem with any free binary options trading signals software or automated binary options trading robot is that the brokers that the users or traders choose to work with are quite unreliable. It could be quite an enjoyable and fun experience to earn huge profits with the use of binary options trading system. But this is applicable only until the users or traders are making use of a reliable, regulated, and licensed broker. Every country has its own sets of a government agency that provides the licensed brokers including the CFTC in the US (United States), FSB in South Africa and ASIC in Australia. On the other hand, this systems does not provide the licensed and the regulated brokers upon which the traders or investors can place their trust to earn a substantial amount of money and higher returns. Therefore, it is recommended for the traders and investors to prefer the use of only licensed and authenticated brokers while investing their hard-earned money in binary options trading companies.
There have been several claims made by the users or traders about their success story just a few days after investing their money in this trading company. There are a few individuals who appear in the video representation and claim that they have earned a good amount of money on a daily basis. This earning has been to such an extent that they have even bought expensive cars and homes. How could anyone believe such claims without looking into the authenticity and integrity of the binary options trading systems? However, the researchers and experts have claimed that these people claiming the success are all fake people and paid actors. These actors are paid some amount by the trading companies to give fake testimonials for their lucrative services and to attract a relevant group of users or traders to invest in their portal.
The Fintech Profits trading company has not been endorsed by any binary trading expert and even by the trading community in general. Even the social media pages have been quite harsh on the reviews of the Fintech Profits binary options trading system wherein the people have proceeded to refer it to as a lame scam that is supposed to just run away with your hard-earned money if you try to invest in the trading company in expectation of good returns.
The binary options trading system can serve to be a profitable means of earning huge returns upon the investment of hard-earned money in the trading system software or automated robots. However, the traders and the investors must also keep in mind that the high demand for trading systems is attracting several crooks and spammers in this field. The scammers can try to steal and run away with your money with several lucrative and tricky offers that you must keep your hands off. You must prevent yourself from falling into the trap of such spammers who might incur higher losses to your investment.