Cash Loophole is the new binary options trading software that has been launched in the market by its creator, Richard Sellars. On the official website of the product, there is information that the software works on complete auto pilot mode to generate over $20,000 in profits for its users on a daily basis.

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But, isn’t the pressure tactic the same as the one used by scam binary options trading services? To determine whether the CashLoopHole is a worthy software or not, we carried out a detailed investigation. This review has been compiled to unveil the truth about the Cash Loop Hole system.

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Basic information:

  • Price: Free
  • Software: Auto-Pilot App
  • Max Returns: unknown
  • Min Deposit: $250

Pros:

  • 1. Automated robot
  • 2. Free Sign Up

Cons:

  • Connections with shady brokers
  • Negative user feedback
  • Non-Existent Creator
  • Doesn’t have special features
  • Falsified Testimonials

Top10BinaryDemo Verdict

Not Reliable Service

What is TheCashLoophole?

TheCashLoophole is new binary trading system which supposedly took 2 years and 3 months to develop. All this is according to the words of creator Richard Sellars, who has been married to his wife Mona for over 8 years. Together they even have two daughters: Julia and Rebecca. Richard claims to have previously worked as a chef in a small Italian restaurant in Birmingham, England, who earned £22,000 per year.

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The software can be reached only from a limited number of countries – 9. Mr. Sellars and Kevin Wright state that this is due to the fact that they wanted to limit the international exposure but still be able to prove that the signals-generating solution operates well.

One of their issued claims, however, makes us doubt the legitimacy status of The Cash Loophole System. User feedback has been predominantly negative.

Interesting Fact:

Richard Sellars says that TheCashLoophole Software operates with the use of applied top secret financial information[1]. Users should keep in mind that all devious binary options robots claim this. It rarely turns out to be true as the founder does not even share what the data revolves around.

How To Get Started?

Richard Sellars claims that the CashLoopHole software is absolutely free and you can get started with it without paying anything. But this is just a lie to make unsuspecting traders sign up for it. Once traders sign up, they are taken to the member’s area where they are assigned a broker.

Traders are not even free to choose a broker of their own preference. All of the brokers connected to this software are unscrupulous and notorious. While we don’t recommend using this service, we have listed the steps that traders must complete to get started with this software.

  1. Complete the registration form
  2. Join a broker and make a deposit
  3. Activate the software and auto trade

How Does The Cash Loophole Operate?

While never thoroughly explained in the promotional video, it is underlined that it features a programming algorithm and has the ability to generate trading signals. On the base of processed market data, it sends alerts to users.

Richard Sellars does not mention this, but The Cash Loophole System has both manual and automated mode. He also claims that it is an extremely easy to use software that can generate substantial wealth quickly and effortlessly. But, the truth is that the ripoff artists behind its creation have been deceiving traders, especially newbies from a long time now. The name of the software may be new, but the actual application is the same as the ones that have entered the market before, ripped traders off their hard earned money and later on exited the market after being labeled as scams.

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The method in which these applications operate is very clear. Simply change the name of an existing software, rehash the graphical template, redo the sales video and employ the same dodgy tactics to get traders to sign up for it.

The supposed success rate of the software is 92.1%, but is most likely fabricated, considering that most people who have tested it are not satisfied by their results.

Is TheCashLoophole System a Scam?

From what we were able to find out about this signals-generating solution[2]it is an unreliable piece of software which is most likely a scam. There is no data verifying that creator Richard Sellars and his business partner Kevin Wright actually exist- no company accreditation, no social media profiles.

The claims of earning $20,000 daily are unreasonable because in the financial trading world, it is not possible to earn this sort of income every day with a deposit of just $250. The nature of the markets is such that it is highly volatile and unpredictable and even the most experienced professionals cannot make the correct predictions always; leave aside the possibility of an automated robot doing the same.

Richard Sellars is a fictitious persona and among binary options scams, the role is mostly performed by a hired actor. In this case, a voice-actor along with a number of other actors have been hired to do the sales video.

Another thing that came to our notice is that the promised success rate is 92%. We know with experience that no scam robots can generate even 50% success rate; forget about 92%. In addition, there are several complaints made about this software.

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Since most users hold a negative stand against TheCashLoophole, our general recommendation would be to avoid using it and turn to a proven to work and to be safe and secure binary options robot.

Final Thoughts

The Cash Loophole is still new on the online market, but all odds point that it is a probable scam. Users who proceed to get started with it should keep in mind that there is an existing risk for the investments they make with the signals-generating system. They should better sign up with a more reliable binary trading software.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on The Cash Loophole to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if The Cash Loophole 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

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David

David

Hello!
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.
David

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References & Further Reading

1. A lattice model of secure information flow (Dorothy E. Denning – University of West Lafayette Publishing, Volume 19 Issue 5, May 1976)

2. A test of futures market disequilibrium using twelve different technical trading systems (Louis P. Lukac , B. Wade Brorsen, Scott H. Irwin – University of West Lafayette Publishing, 2006)

3. Developing real-time options pricing (John Stamey, Kenneth Small, 2012)

4. Accounting for employee stock options (Michael Kirschenheiter, 2004)

5. Forecasting volatility in financial markets: A review (Ser-Huang Poon – Journal of Economic Literature, 2003)

6. The role of trading volume in forecasting market risk (Skander Slim – Journal of Financial Risk Management, 2016)

7. The information content of trading activity (Dan H. Mingelgrin, 2000)

8. Individual stock investor sentiment, stock issuance, and financial market anomalies (Edmund Pak Kuen Lee, 2013)

9. Trading in a 24-Hour market: Trading foreign securities in global markets (Thomas Burnett, ICFA Continuing Education Series, 1988)

10. Cross-correlations between volume change and price change (Boris Podobnik, Davor Horvatic, 2009)