Ultimate4Trading is the latest auto trading system to attract our attention due to the numerous complaints we received from our friends. The system was supposedly developed by John Cross, who is also presented as the owner which we don’t think is true, as we’ll explain later on. According to the John Cross, the software is able to get ‘more than 3 out of 4’ trade predictions right. First, this sounds rather stupid and not because it’s a lie – what the hell is more than 3 out of 4? For all we know, there is no half or quarter trade and simply 3 out of 4 would have driven the point home. Then there is the issue of credibility and believability, if you may. The site offers no explanation to how they ascertained that every 3 out of 4 trades executed by the system hit In The Money finishes. There is not even a trading history chart (real or doctored) to show the number of trades the system has executed over the months and how they fared.
Moving on, the Ultimate4Trading system trades in a range of assets for short term expiries between 60 seconds and 20 minutes. No objection on this as every site has got to have a niche. Our problem lies in the way signals – specifically for the 60 seconds expiries – are delivered. For instance, while we were trying the software (in manual mode), the signal for the 60 seconds expiry for a particular asset was posted on the dashboard and stayed there for close to an hour. If you have traded binary options before, in particular short term investments, you know that every second matters. We would expect the signals for the 60 seconds options to keep changing every other minute or so as the market changes. If this isn’t lack of efficiency, we don’t know what is.
Another thing that caught our collective eyes as we went through the promo video were the claims by John Cross that Ultimate4Trading software has helped more than 50,000 traders to multiply their earnings tenfold. For all intents, this is not a small achievement. Only that it’s not true. How do we know this? Well, for one, Mr. Cross does not tell us who these ‘traders’ are neither does he provide evidence to prove that these people actually got the profits. The only thing we get is a bunch of badly written testimonials from wannabe traders (or even John himself) saying how thankful they are for the site for helping them achieve their goals. Funny enough, all the names of the ‘traders’ who wrote the glowing testimonials have only the first names in full, the second ones are either initials, or blanks. Coincidence? We think not.
Free of Charge But….
As expected for such a low class software, opening an Ultimate4Trading account is free of charge. Of course this is not news as hundreds of other auto traders carry no registration fees. That said, there is a little bit of a swerve here – the site runs an referral program and invites traders to invite their friends and generally any other trader to try out the system. If the invited friends open an account and make deposits, the people who referred them earn some commissions. From the face of it, this is a very noble idea. However, for a site that gives a free product and presumably receives no money (other than small commissions from the broker), how could they possibly pay commissions for referrals? More so when the so called site owner claims that the software is the best in the world and has changed the fortunes of 50,000 people. Logic states that if the system was half as good as they say it is, John and his team wouldn’t need to say it loud. The quality would speak for itself.