And it’s here again. It’s sad, but true. As we have already said many times and many times will say yet: Binary options are a not a scam, but fraudulent schemes are, unfortunately, connected with the world of binary options. You’re going to read something about this system – Ultimate4Trading (SCAM). If you want, you can find reviews of more fraudulent systems on our website.
Ultimate4Trading is a SCAM
This program is built like most other binary options fraudulent schemes. They are supposed to send trading signals to users. But only after the user pays – that in itself would not be a problem, right? However, the problem is that the signals Ultimate4Trading do not work.
Here I have prepared a list of clues using you can use to tell whether a system is a scam or not.
- The site says that the software is available only for a limited number of people. = Why would anyone in the system allow only a limited number of people, but at the same time advertise the system everywhere? These two things contradict each other. It is proven that when a person is pushed into something (eg. they feel that the software might be sold out soon) they are more likely to buy it. Therefore, a limited number of people is a lie that only messes with the people’s emotions.
- Ultimate4Trading offers one crucial thing: the opportunity to try the system on a demo account. But on their demo account all trades, or at least most of them, succeed. “Great, now I can buy the system!” think most of the scammed people. But it is a mistake! Demo account offered by the authors of this system is rigged and it is not possible to trade according to it! The price just moves different for everyone.
- The whole system only works with the broker EZTrader. This itself is questionable, as we all know this broker as a scam and can’t be trusted, right? (See articles here: Optionavigator scam, Zoomtrader scam)
- The algorithm generating trading signals Ultimate4Trading was apparently created by John Cross and his friends while studying at a university in the USA. However, there are different versions of the system for every country. For example the author of the Italian version of this fraudulent project, Trading 30 Elode, which is exactly the same as Ultimate4Trading, is Giovanni Croce. And has the same story about the university as John – that’s weird, isn‘t it?
The largest ad campaign for this system was published earlier this year, when, according to statistics nearly half a million people per month visited the system’s website and to this very day, tens and hundreds of thousand people still do!
To summarize this SCAM
Definitely, avoid this project. If you have already put money into this system, tell us please your story so we can warn other potentially deceived people! Thank you!