The Rubix Project is a brand new binary options trading app which was released to the public on 10th of January 2017: When a new products like these being released to the public, we always check the program, whether it is good or not, and sorry to disappoint you, but the Rubix Project App is actually a bad product. If you are looking for a real trading software that works, this is not the program that you should go for. 

 

A little bit about binary options trading, in case you are new
Binary options is a simple method of trading, where the traders just need to choose call or put. If you are into stock market trading for 2 minutes, you should know that stock traders make their money by choosing when to buy and when to sell the stock asset. For instance, if the trader thinks that the asset, let say Apple stock is going up, then he will choose to buy. Otherwise, if he thinks that the asset is going down, then he will choose to sell the asset. 

Binary options trading is somewhat different. If the trader thinks that the asset is going up, then he simply selects the amount that he wants to invest, let say $10 and then chooses call. Otherwise, if he thinks that the asset is going down, then he will choose put. If the prediction is correct, then he will make $18, that is the remaining $8 is being paid by the binary broker. Otherwise, if his prediction is wrong, then he will lose all $10. 

 

Can the Rubix Project makes you $10K per day?
The short answer is no. That is just a fake claim to make this app sells like hot cakes. Now, if you understand how the binary options trading works for 2 minutes, then you should realize that making $10K per day with software like this is impossible because whatever systems that you are using, there will be always times when you lose some money but you win some. A good system must have a high winning rate. 

 

This app is free to access, not to try
Another common trait for apps like these is the fact they are being advertised for free. Yes, you can access and see the software dashboard for free, as long as you give in your name, valid email and a real phone number into the website. But, you cannot see how Rubix Project software works, such as the winning rate and the trading styles, unless you’ve deposited real money into their recommended broker account. A real, legit software must allow you to test the water first on a demo account, before putting real money on the line (More about that later).

In case you are wondering, this is how the software looks like:

A little bit about demo accounts and why you should care
Newbies might not know this, but a legit binary or forex broker will always provide a trial version, known as the demo account to their traders. In a demo account, you are given thousands of dollars of fake money, where you can test the system or robot first before depositing real money into the broker account.  A software that works on a demo account is very risk-free since you don’t need to spend a dime until you are ready. (And you can see one such robot here). 

 

Fake promises in the FAQs section
When we read the frequently asked questions (FAQs) section, we were disappointed when we see the false promises: 

“Current users are making between $50,000  and $200,000 per week if we break that down to a daily amount that’s around $7000 – $28,000 per day”. 

This statement is very misleading and not a nice thing to put on your website, especially in the FAQs section, where people are looking for more information about your product. No matter how good the software is, there is no way it can produce this kind of results. 

 

What if you deposited real money into the broker account
If you ask any professional traders, they will understand very well that there is a huge difference between regulated brokers and unregulated ones. 

A regulated broker must obtain their license from government agencies, such as CySEC (Cyprus), ASIC (Australia) or FSA (UK). The regulated binary broker will state their license numbers on their website, as well as the agencies issuing it. They have the right to operate their business and process your credit cards. If you don’t like their companies, you can withdraw your fund, no questions asked. 

Unregulated brokers, on the other hand, is different. They are not licensed, and in case you’ve deposited money into the broker account, it will be hard, usually impossible to withdraw the fund. This product, Rubix Project recommends an unregulated binary broker. In other words, once your money is inside, consider it is gone already. 

 

Verdict: We don’t recommend Rubix Project to our readers
We don’t like to use offensive words such as “scam” in this post, but the Rubix Project deserve it. Just like any other software we’ve encountered before, the Rubix Project used misleading advertising, such as free software, unbelievable income claim, and fake actors. 

 

Alternative to the Rubix Project
If you are interested in binary options trading, then we highly recommend that you find products that allow you to choose a real, regulated binary broker. A real broker must provide you with some kind of a free demo account, where you can test the market first, before putting the real money on the line. Check out our top recommended app here or you can also read the tutorial section for more information

 

HFT Finance scam alert

By the time we wrote this post, HFT Finance already being released to the public for weeks. Just like other binary options scams out there, we expect that HFT Finance will be disappearing from the market sooner or later.

This product is not even featured in popular financial media
This product is created by someone who claimed to be the CEO of HFT Finance trading software, John Williams. According to the video, he works with a team of professional brokers, well versed in the secrets of Wall Street Exchange trading. The creators of this product claim that they have been features in popular financial media. However, based on our investigation, this is actually a lie.

John Williams is actually an actor
Based on our investigations, John Williams is not even a real person. He is obviously an actor working with certain binary brokers out there, trying to sell you this software.

Why we don’t recommend this product to our readers
Reason 1: HFT Finance doesn’t work with a regulated broker. If you are into trading for 2 minutes, probably you should realize that there is a huge difference between a regulated binary broker and the unregulated ones.

Regulated brokers will have some kind of license from the local government, such as CySEC (Cyprus), FSA (The UK). Unregulated binary brokers, on the other hand, doesn’t have that kind of license.

If you made money with a regulated broker, chances are, you can withdraw your fund plus your profit. On the other hand, if your binary or forex broker is not regulated, then you have to say goodbye to the money which you’ve deposited.

Reason 2: It is not really free like being advertised on the website. Sure, you can just give away your email and real phone number on the website, but all you can see it the software dashboard itself. If you want to see how this software works, you have no choice but to deposit money into the recommended broker.

You might not know this, but a real binary broker or software allows you to test their systems or strategies on a demo account first, before putting the real money on the line. A demo account is actually a trial version of the app, where you can see how the software works, how to adjust the settings and the overall profit of the software.

Reason 3: HFT Finance software doesn’t even have the right settings on how this app works. You cannot set whether the software works based on indicators or trends, let alone minimize the risk for every trade.

In case you didn’t know, the problem with almost all trading systems is the fact you cannot make the profit for every single trade. Expect to lose some and to win some. But overall, a good software will have a higher winning ratio and the losing ones.

Where to go from now?
We highly recommend that you forget these type of overhype binary options products. Real products that works doesn’t even have income disclaimer on their website because there is no need to do so.

Always, always find a trading software that allows you to trade on a demo account first, before depositing real money on the line. Check out our #1 recommendation here.

Penny Millionaire is not for traders, it is more to gamblers
Penny Millionaire is being advertised as another binary options opportunity, while it is actually a gambling or should we say, a lottery ticket. We don’t recommend this product to any trader or trader wannabe, this is actually for gamblers only. Let us dissect one by one about this Penny Millionaire product.

Not everyone is qualified to become the winner
This is actually a lottery ticket, or should we say just another contest to become the winner. In other words, not everyone is qualified to make the money.

You need to enter your details, in other words, the name and email in case you are interested, but then you will be directed further where you need to enter a real, working phone number based on your area to ensure that you are qualified for their lottery contest. If there isn’t any broker interested to take participants from your area, then you won’t be able to access this product.

It is actually not really free like being advertised
Did you believe that this product is actually going to make you free money? Sorry to disappoint. Penny Millionaire will direct you to their recommended broker where you need to sign up and deposit at least $250 to qualified for their contest. Again, this is actually another trap to make newbies sign up for their program.

They claim that this system works based on compound interest theory
You can search at Google for compound interest method. This is actually interest which is based on other interest. While this theory actually exists, there is no evidence that Penny Millionaire software is using the compound interest method to make the money for their participants.

Don’t trust Penny Millionaire brokers
There are tons of binary options related products being released all over the web since 2013, and there is no sign of these scams are going to stop. These products are actually created by marketers to promote new binary brokers to the business.

Some of these brokers are not even regulated. In other words, they are not even genuine binary brokers, they are just pretending to be one. In case you are new to binary or forex trading, a legit, real binary broker must obtain some kind of license to operate their business and process payment for clients. Usually, they will obtain their license from government agencies, such as FSA (UK), CySEC (Cyprus) or ASIC (Australia). Based on our experience, regulated binary brokers must obey the law and process refund once being asked by clients.

However, if the broker is not regulated, then you have to say goodbye to your hard earned cash. It will be hard to withdraw your fund from unregulated brokers.

Verdict: We don’t recommend Penny Millionaire system
While binary options itself is not gambling, Penny Millionaire system is not for everyone. Just like being mentioned on the website, this is just another contest or lottery ticket, so you will be lucky if you win and making the money.

If you are serious about making the money online, then this is not the product that you should go for. There are tons of genuine binary options products and best of all, they recommend regulated brokers and can be tested on the demo accounts first, before putting your real money on the line. Check out our recommended software here.