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.