Safe Cash System is a new software offering innovative ways of controlling your binary options investments. But does Safe Cash System really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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We Introduce You Safe Cash System
It is becoming harder and harder to make the difference between scam trading bots and legitimate ones. Due to the huge number of available systems, scammers find ways to hide among the binary options auto-traders and sometimes they go unnoticed. This results in lots of dissatisfied users and people, who have lost their money. That is why, our team strives to provide up to date information on binary options software in a timely manner.
The following review will discuss the Safe Cash System, recently introduced by founder and creator Dr. Richard Carrier. If you are wondering about its reliability, read the full review of the software to decide whether it is a scam or not.
Can You Trust Safe Cash System?
Dr. Richard Carrier is a Harvard Graduate who has a vast financial background as a trader and a hedge fund manager. He set up a team of trading experts for the purpose of creating and running the Safe Cash system. A story like that creates a sense of credibility to the binary options software and the people behind it. So far, so good. But there are a few things that raised some red flags, while we were investigating the Safe Cash trading bot.
First, we are told that this binary options trading bot has generated $1,000 each day for 1901 consecutive days. We find this hard to believe, because the Safe Cash system was just recently released. Are those beta-testers’ results or just fake claims, that should draw people in? Since we have no way of confirming neither, the red light stays on.
Second, Dr. Richard Carrier claims that this binary options trading software has a success rate of up to 98,5%. We find this hard to believe. Even systems that have proven themselves to be reliable do not make such huge claims. It is a very rare case for a trading bot to have such a performance rate. Since there is not enough customer feedback on the matter, we are unable to take the word of the creator for granted.
Overall, we think it more reasonable to choose a tested robot that has proven to work.
What Can Safe Cash System Do for You?
The Safe Cash binary options system is entirely automated. You can choose your investment amount, set the risk level and let it do everything in your stead. But nowhere is explained how exactly does this trading bot work. The only thing we know is that the team of experts constantly monitors international news to see if anything can influence market movements. But are these people making the trades or does the Safe Cash system run on a sophisticated algorithm – we do not know.
Since the main advantage of binary options robots is the exclusion of the human factor, it seems like the Safe Cash system does not offer that. This sways us in the direction of finding it to be a scam.
Does Safe Cash System Cost Anything?
For now – it does not. For the next six months it will remain free. The only thing traders should do is deposit initial funds into their broker account – around $250. This is probably the place to mention that we are not extremely thrilled with the recommended broker.
After this 6-month-free-trial expires, users will have to pay 5% of their monthly earnings to continue their subscription. Odd thing is that after we are told about these 5%, which do not seem like much, another condition is set. At some point, a $150 monthly fee is mentioned. But for whom? These conditions are so vaguely set that we cannot help but think that the Safe Cash system is just a scam. We advise you to proceed with caution, or better yet – consider tested and approved binary options software.
As a whole, we get the feeling that the Safe Cash trading bot is just another scam scheme. But our investigation cannot be conclusive at this point, since there is too little information available on users experience.
How to Get Started with Safe Cash System?
The whole process consists of three simple steps:
- Sign Up – free for a limited period of time.
- Deposit – $250 minimum initial investment to open a trading account with the recommended broker.
- Trade – 100% automated but with questionable signals’ source.
- Withdraw – we could not find any information on how withdrawals work.
Our investigation team conducted a comprehensive investigation on Safe Cash System to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Safe Cash System is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.