HORRIBLE SCAM: SnapCash Binary review

snapcash-binaryIn this review of SnapCash Binary we prove that it is a scam that you should avoid. It is presented by Austin Ford.

Ford claims that he created a software that is making money in binary options trading on autopilot. The software is called SnapCash Binary and it can allegedly make you at least $1,200 per day.

And of course money is free nowadays (right?), so SnapCash Binary is free.

SnapCash Binary scam

austin-fordScammers have created a long video again, it is full of paid actors.

Austin Ford is obviously a paid actor and all other people in the video too.

Snap Cash Binary is a scam that is designed to lose your money.

Testimonials

actorAs we already mentioned all the testimonials you can see in the SnapCash Binary video are made with paid actors, so they are fake.

Don’t you find strange that the woman and man who are new users of SnapCash enter the restaurant together although they are supposed not to know each other?

But what’s more, the man already played the role of a software developer in the Drexel Code scam, so it is a proof that he is just a paid actor.

testimonialThe same applies to all reviews you can see on the Snap Cash website, in this case stock photos have been used. Look at the picture on the right to see the proof.

So obviously also all the trading and bank account statements you can see in the video are fake too.

Scam software

snapcashbinary-softwareWe tested the SnapCash Binary software to see how it works. What we have discovered is a very well-known software created and used exclusively by scammers.

We have seen dozens of scams using this exact same software. Look at the picture to see some examples, like Gemini 2 or the Quantum Code.

We have a lot of feedback from real people about this software, it is losing money! It cannot trade binary options profitably.

How SnapCash Binary really works

So why this long video about a free software that loses money? You see, the software is not really free, you won’t be allowed to use it until you deposit your own money with a certain unregulated broker.

It is because these scammers get paid for referring new depositing clients to this broker. So their only aim is to make you deposit money with their broker, because it will earn them an affiliate commission. This is why they made up their story about a miraculous free software that in reality is losing money, they don’t care about the performance.

Conclusion

SnapCash Binary is a horrible scam that will push you to deposit money and then the software will lose your deposit, so stay away!

Anybody who wants to really earn money with binary options should start on a free demo account.

You should test and learn until you are profitable on the demo, only then you can start trading with real money for real profits.

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110 thoughts on “HORRIBLE SCAM: SnapCash Binary review

  1. Thank you for your sincerely review. The real difficulty in those situations is to find an honest review. I have read the review of Binaryoptionswatchdog, which affirm that it was a scam-free software. But i doubted because there is a lot of mistake about the registration form. And the support has never replied to my requests.

  2. Hi John

    This binary options is like a mine field. Who do you trust, really want honest feedback on a system that really is not a scam. I got scammed by the copy buffet software software as all the blogs were promoting it. Please help, you are the only one who is not promoting Snap Cash Binary and for that reason sound like the only one who is being honest.

    1. Hi Annie, I am sorry but I don’t know about any profitable binary options robot or signals service. We do our reviews to save people’s money and everything we have seen so far was a scam. I believe the only way to profits is manual trading with a strategy that you build yourself. It is not an easy path though, a lot of learning and testing is required.

      Meanwhile yeah, it is so sad to see how many fake review websites is out there. They expose some scams to gain some credibility, but then they promote some other scams for money. They have big networks of interlinked websites so it is difficult to beat them in search engines results. Promoting scams obviously generates a lot of money, so they have means we don’t have. I feel that search engines fail in this regard, because they put scam websites on the top of search results about binary options. It obviously is only about SEO, the real quality of the content does not matter.

    2. Hi Annie, If you need to make money online, you should learn a lot before investing your money. Learn how to trade by yourself, and not be lazy.

      John, I would like to build a big network to expose those scammers like you. I hope I’ll find a way to beat them online.

      1. Good on you, Marc. Wish you all success.

        Money doesn’t grow on trees. We all work hard to earn it.

        Deceiving someone is not the right thing to do.

        Regards

        Shortie

  3. I understand that some things are considered scams. I’m curious wondering if it’s a such scam why are people commenting saying they really make money. I feel like a company can only stay in business if people don’t act too greedy. Me myself have done investing for about 5 years. Yes Nadex is a good softwear but it has no auto for people who actually know nothing. It’s many videos about the snapcash I think it can work IF you know something about binary options. Because who would go out of their way to seriously create a fake comment expressing their results.

    1. Hi Zoe, fake comments and fake reviews are done by people who are affiliated with the scam. The vast majority of binary options scams are promoted through affiliate networks (I won’t give names, because I don’t want people to follow this path), so anybody can promote these scams and get paid for every victim they refer. 🙁

    1. Yes, Ray. If it was easy to make money online, we all would not have to get up early in the morning going to work, and coming home late at night.

      Regards

      Shortie

  4. Yes I understand what your saying but no one is going to continue to make fake comments like people don’t have time for all of that. If your not greedy with the market and you just take it slow and have a broker that will do good by you then it will be okay. First off the market is either going to be good or bad. We obviously know for a fact if a youtuber can post a review of when the trades end then we know for sure what he lost and won and if he won 8 out of 9 then that’s true. Your the only blog one saying its a scam I think your saying everything review site is a scam when it’s not… People aren’t just going to spend their day commenting fake things…

    1. Zoe, there is no free money, not even on binary options! Please read our review carefully, SnapCash uses the same software as dozens of other scams! All these scams are proven to lose money to real users, just read the comments under our reviews. That being said, you don’t have to trust all the proofs we provide, you can try SnapCash with your own money and see by yourself…

      And I repeat, you will find a lot fake reviews, lots of fake videos about the performance of the system, because these people are affiliated with this scam, they are paid for referring new victims! So they will keep publishing fake reviews, faked videos, faked comments…

  5. But to be correct yes he did have more losses meaning it could of just been the broker your friend still had some wins not everything was a loss.

  6. Thanks for the review..i almost sign up on the web…kindly suggest me the trusted platform to trade…keep up on posting the honest review…thanks

    1. Hi, if you are looking for a binary options program that will generate you money on autopilot, I’m affraid it doesn’t exist. I believe the only way to profits leads through learning, testing and manual trading.

      1. Hi I signed up for snap cash so far 32 trades 29 losses never get above my deposit level customer support don’t respond in fact the emails are just bouncing back the autopilot is not auto it only takes trades if you logout and log back in

  7. Hi! I am glad I found your page. I have been receiving ROY’s newsletter of scam dog watch list and he is promoting copy buffet, code fibo, quantum code and the recent…snap cash binary. He is claiming all are legitimate and will make you money. I am glad I have never been enticed into his trap. I would be unsubscribing on his list pronto! Thanks for the honest review! Have you any idea if tubeloom is legit? Any reviews?

    1. Hi. That’s the funny thing about these fake review websites, they have a list of free programs that will all make you rich. If only one of them worked, media all around the world would be reporting about it. Concerning Tubeloom, although it is not about binary options, I believe the principle remains the same. You can make money by uploading videos, but the monetization takes time, you have to build your channel, grow your audience… Extremely unlikely that you will make considerable money fast in one day.

  8. If your broker is trusted then it won’t be a problem just don’t take bonuses honestly.. Just because it ain’t work for your friend don’t mean anything because it’s not like we seeing what he doing as he trading… Honestly don’t trust what other people do cause I did It I have a broker who is trusted and I’ve done withdraws

      1. Correct, I opened 2 accounts with real money using Snap cash binary. Both losing money immediately. Impossible to talk to.
        Run from this one and learn from my 2 mistakes

        1. Snapcashbinary is a Scam, 35 trades in two days and 24 losses of the trades were losses, see my YouTube videos below for proof
          https://youtu.be/HzMXFlQFZck
          https://youtu.be/fDFmr0NMpxY
          They’ll bombard you with emails to deposit money but once you’ve questions and concerns about their product they are no where to be found, they ok disappear. If you want to lose money like I did well good luck signing up

  9. Sign Up: 18/10/2016 Balance: $250+$250= $500 Lost: 21, Won:3 Account Balance: $31 Date: 21/10/2016
    NB: i follow Economic Calendar and act accordingly.

    Why BinaryOptions Army, Prestige Binary Options, Binary Options elite club are promoting this software and showing in there video that it really works. Most interesting is all of them have GTOptions broker ????

    1. Because they are affiliated with this scam, they get pad for referring new victims. So they fake their reviews, they fake testimonials, they fake everything…

    2. Thanks for your honest review. Atleast someone tried and showed the true results.
      BinaryOptions Army, Prestige Binary Options, Binary Options are affiliate marketers who promote the scammed software and get paid.

  10. Wow, all those you-tube reviews i see about how great the snapcash system is. There are so many of them, all scammers? If i look a video of snapcash, first what came up in my mind was.. scam! But then i investigate on you-tube and see dozens binary channels give good review. Maybe because some trade the signals and look at the charts before hit a call or put button lol. Thanks i run into this, one of the few reviews that is negative about snapcash. Hope truth will override those scammers….

  11. Oh, i tested the signals on my chart. Complete rubbish. One moment it says call, and second later it says put. Then second later again call etc etc. I did some testing and took 3 auto trades of 25 Eur. Then after each trade i went to my charts on MT 4 to see what and were it took the trade. Have no indication why it took a trade on that spot. Tested all indicators, news etc. no fundamental proof. And lost all 3 trades btw. Stay away from this auto and manual trading signals they provide, you will lose your money! . Maybe with luck it preforms some winners, but in the end you lose for sure…

  12. Bunch BS its a scam. I tried it and I’m 14 Wins and 14 losses. Not only that, when you do the Auto trade it places trades for 2 months from now. Total SCAM!!! Stay away

  13. Watch the Quantum Code video and you’ll see Austin Ford aka Sergei explaining how the software works. I lost $250 and have proof that Snapcash Binary does not work, broker Stern Options. I actually contacted GT Options and requested them to be my preferred broker when using Snapcash Binary, but after watching the Quantum Code video and seeing Austin Ford in there, I decided against it. Also, I have been waiting since Friday, 21 October 2016 for Customer Support to contact me after sending them a message.
    I can’t tell whether the software is a scam but they are using paid actors in their video.

  14. I just wish that I had done an extensive search of all the reviews like these. But sad to say, the real time tested reviews from NON-SCAMMERS came a little too late. I’ve invested $250 with Bank of Options for the Snap Cash Binary software and they traded once in my behalf without asking. The auto trade were all wins, but that was just probably to sucker me in. The auto trader had my account up to $823. My account was on auto trade and I think they let me win. It was controlled by them the whole time. Then they tried to get me to invest $5,000 to let them manage the account. The auto trade switch does not matter whether you switch it on or off, because they told me they turned it off from their end. It was not taking trades at all. They called me 2 days later asking me to upgrade the account. I wonder if I will be able to withdraw or recover any of that money?

  15. Then what do you think of Nadex ? Their good right ? Their the only good broker in the us I’ve used the demo account and it’s amazing.

  16. Hi thanks for the honest review I have signed up to code fibo and I have lost all my money in three days allá of this is bullshit

  17. You seems to be a honest guy, after all your reviews, which platform/software do you recomend to invest money on binary tradings? For newbie like me, I don’t want to loose my money.

    Thank you in advance!

  18. I wish I had found your review earlier. Yes I have tried it and lost my $250 in about 3 hours. I won’t go into detail here but when I investigate snapcash binary now I have at least 10 reasons why I now know its a scam. I will post them if you would like me to.

  19. Another scam to stay away from is Copybuffet and BinaryOnline as broker. Lost all my money. Software keeps trading in the background even when offline. Binaryonline brokers tried twice to debit my card without authorization to get more funds out if me.

  20. If you want to lose more money, also look at BinaryOptionsRobot.com or optionrobot.com. These are nothing but scams and you will lose all your money, like I did.

  21. I signed up for an account yesterday and got a call today from one Liam Thomson who gave a long story about the benefits I stand to gain if I deposit $250. He tried to insist I enter my card details to test the system and get my licence for the software even when I tried to explain that I haven’t got enough money in my account and don’t want to go over draft. I’m so gonna shut down the account right now.

  22. Snapcashbinary is normal app , i use it one day after deposited 250$ .
    The result was very bad from 250 to 110 $ then shoutdown the app .
    2win/8 loose .

  23. Hi John. Thank you so much for your honest review. This is the second time you save my money. I almost open acct with CodeFibo. And now this new software Snap cash binary. I am very keen to earn some income online. Be it trading or other means of earning honest income. I am a cancer patient and currently have problem working normal hours. Is there any way I can work online and gain some income? Have you heard and know anything about Single Sale System. I tried to join them but I got problem signing with them. Or do you know other platform to work or earn income online. Pls advise. I really appreciate you honest opinion. Thanks in advance and looking forward to hear from you.

    1. Hi Nora. I am a trader, so I can honestly say that every program I have seen about binary options or Forex was a scam. In my opinion there are no shortcuts, it takes time and learning to reach profits in trading. To me it took years… I don’t know about Single Sale System, but in the past I tried a lot of different programs and basically it always was about making sales. Some programs can be legit, but if you don’t know how to make sales, how to get traffic… you don’t make money. So again, it requires time and learning. And not everybody succeeds, it is the same as in trading binary options, Forex, stocks, futures…

  24. YES – SNAPCASHBINARY IS A SCAM!!! My trades on AUTO TRADER with the recommended settings – low risk, low investment + click on SAVE button to activate the AUTO TRADER. . . . Wow, what a joke! I llst $60.00 in an hour with 2 wins and 4 losses. Tried to contact their support via emails – NO RESPONDENCE – NO REPLYS – LIVE CHAT NEVER RETURNED MY QUESTIONS? THEY ARE A COMPLETE SCAM . . . THE WATCHDOG , I THOUGHT WAS TRUSTWORTHY, WOW, WAS MISTAKEN , . . . MOST OF THOSE ‘BINARY OPTION WATCHDOGS’ WERE ALL IN WITH ‘SNAPCASHBINARY’??

    NOW I THINK THE WHOLE SYSTEM IS RIGGED (WHERE HAVE I HEARD THAT BEFORE ???

    1. The vast majority of so called binary options review sites is run by scammers. They expose some scams to gain credibility, but then they promote some other scams to make money.

  25. I have fallen to copy buffett software scam, and do you know how did i know its complete bull shit ?

    You get a signal says eurusd call 95%, try refreshing the page and you know what? There is a chance to get the same pair with a put at 90%

    Its a scam dont fall for it

  26. What I hate about reviews on different systems is that they are all different opinions. I have read positive reviews about snap cash on watch dog which I trust. I’m confused and annoyed to why you think it’s a scam when watch dog has tried this system and it delivers what it says!! I can’t even make my mind up to weather to join or not. Very annoying and frustrating.

      1. Hi John!
        I only just found your site and am relieved that there are others who share my bad experiences – I simply thought that the “Binary Gods” hated me and blessed everyone else due to all the positive reviews I had been reading.
        I’m curious to know if there are any other legitimate binary options review sites that can actually be trusted? I’m so disappointed to discover that the sites I once trusted are scams themselves ? .

        1. Hi, we don’t trust anybody else. We’ve seen many websites starting with real reviews, but later they started adding fake reviews and promoting scams.

  27. I got snapcash about 2 months ago, it mad 3 trades – 1 call and 2 put , all o Dec. SUGAR ! after that , I was doing a manual trade and went to click a currency trade – the computer made ANOTHER Dec. sugar purchase. This happened twice, so I am still waiting on 5 sugar contracts to come to expiry. And NO response from so-called support ! I got down to $7.00 manually trading and decided to forget it.

  28. Hi, John,

    what do you think about the new trading app WikiTrader represented by Kelly Wallace at wikitrader.co ?
    Is it a scam as so many others?
    I do not trust all the fake reviews paid from scammers!
    Thank you for your sincerely reviews. Very honest work!

    Best regards
    Norbert

  29. From the moment those two actor & actress comes in, i knew it was fake. you can see their just acting. To gain profit from trading is to manual trade by your own self. There you can monitor your own profit & loss just by yourself.

  30. Idon’t understand, just started with cash binary a week ago, made the 250 deposit….and I have been making money off of it…of course it’s not thousands a day…but it has definitely grown. I did do a lot of research before making the account evening checking scam websites like this…crazy thing the scam websites I’ve checked said it wasn’t a scam…..

    1. I’m sorry but you are either lying or you have incredible luck that will end very soon, because SnapCash is using a proven scam software, see the proof in our article.

  31. Hi John
    I am happy I have found your site.
    Is the review site BinaryScamAlerts also fake?
    They have recommended some of the popular scams and flag others as scams …… as you have previously said …. to gain credibility.
    I am starting to think they are all in cahoots with each other.

    1. Hi John, yes, BinaryScamAlerts is a scam website. Not so long ago I had a look and I found more than 60 fake review websites. And then I stopped counting… Binary options are unfortunately totally dominated by fake review websites.

    1. Hi Simon, FMtrader and Binaryonline are not regulated, so I would stay away. IQ Option and Highlow are regulated and I think good brokers.

  32. Totally right. ..sorry I didn’t read your review. Lost 300. Never answered questions. No help at all. Thanks for putting this out. Oh well lesson learned. Keep spreading the news. I will as well.

  33. Hi . Does anyone know what happened to L binary broker . They disappeared after 3years trading with all clients money including mine . It’s fraud and they need to be found and brought to account.

  34. People from Optionbot are making huge promises based on nothing, not even a financial information. They started promising me a profit on a week that will completely change my life. Based on the way they talk to clients, pushing the clients to put the money without having any preparation in the financial field you can tell how unprofessional are they.
    There has been no response from them when I started asking them what is happening with my money to my Email below except another message from an anonymous person who refuses to disclose their name.
    As there are several issues regarding not only their lack of competency in the matter, the refusal to engage in constructive dialogue with me when they realized that I found out that they lost all my money, I told them that I want to stop and they got very rude telling me that I have no right to do that . So they wanted to take more money from me telling me that good things are happening right now on the financial market, of course bullshit just to take my money again. My advise is to stay away from OPTIONSBOT because the only thing they want is to steal your money and then disappear like nothing happened, they will enjoy your money and you will be just another fool that they tricked.
    I decided with a couple of friend who were also scamed by Optionbot to let others know that if they decide to choose to work with them will be let without their money.

  35. Have u heard of US Binary System for Nadex? The website looks genuine and they claim they have good results. It no percentage returns. They provide alerts on email & SMS.

    1. If you mean US Binary Signals, I don’t know them, but just looking at their webpage I am sceptical. They claim to have the “World’s best signal software”, but they provide nothing to prove it. They say they have a 80 % win ratio, which seems very high to me. Their chart with the equity curve shows no losses for the past 30 days, which is extremely improbable.

  36. Nice review and I agree, I didn’t watch the whole video I stopped when the guy met the second person. When the guy met the girl, I was positive that this was fake. I know that from the reaction of the girl, shes a very bad actress. If I see lies in the video, what can I expect later? Thanks for the review.

  37. I must say
    I almost fell for it,every time I want to deposit my money for those bots,something holds me back!
    Indeed Allah has been merciful to me, I did the first over 10 websites promoting scams,until I changed keywords and landed on this website,thanks another person has saved my money,may Allah bless you for that!
    one question though, is tradeo.com legit and trustworthy?
    Sorry if its not where it’s supposed to be posted.

    1. Hi, I haven’t tried Tradeo, but generally speaking about social trading I haven’t seen anybody make money through social trading in the long term.

  38. Hi there

    Please be careful with stern option . Have only been with them for 2 months, ? maybe 3-4 trades with the acc manager. Decided to stop trading due to personnel/family reasons. I lost all my deposit of $5000+. They refused to refund any money back. Lack of knowledge on how this binary option thing works on my part I acknowledge, but to say I accepted bonuses when I told them I am not interested is sneaky business practice. Also hard line selling tactics not nice.
    Be careful, do your homework to see if this is the right place for you when trying to make money

    paula

    1. A mentally confused and vulnerable acquaintance of me got robbed by Stern-Option.com He lost 160.000 euro in just two days! Never ever deal with these guys!!!! They are wolves in sheep’s clothing.
      In total he lost 260.000 euro.

  39. Valuable info. Lucky me I discovered your site by chance,
    and I’m stunned why this twist of fate did not took place in advance!
    I bookmarked it.

  40. Your style is really unique compared to other folks I have read stuff from.
    Many thanks for posting when you’ve got the opportunity, Guess I’ll just bookmark this web site.

  41. What’s up, all is going fine here and ofcourse every
    one is sharing information, that’s truly good,
    keep up writing.

  42. Is sofy raymond with binarysignalsadvise.com a legit resource? Or is it just another one of the fake review sites you’ve mentioned. She promotes snapcash, copy buffet, code Fido, crunch tech, etc as geniuniw and profitable. Also puts down certain sites as scams (like the quantum code etc) think it’s just to gain credibility? And all these binary trade sites are scams? Thanks

    1. Hi, it’s certainly a fake review website, because Snapcash Binary, Copy Buffett, Code Fibo and all the others are total scams. All binary options robots I have seen so far were scams.

  43. Genuine ** sorry about the year late question. I’ve just been looking into these recently and wanted to know if I’m just wasting my time and all of these sites are scams. You’re the only one who seems trustworthy that popped up in a search which is why I’m asking you your option. Thanks again

  44. Hey John

    Wondering your thoughts please on the trading platform Plus500 as I’m looking to do some manual trading and have been reading lots of negatives on the very wide spreads and bad practices by these guys.

    Any other platform you might be able to recommend.

    Thanks in advance

    Shaun

  45. Hi John, unfortunately stumbled upon your review too late 🙁 But finally I understand what this is about. Thought I was going insane!!!

    Stupidly signed up with Snap Cash Binary and got introduced to TraderVC. Deposited €500 and been struggling to get my money back, even without any trades taking place on my account. I’m thinking that with persistence I’ll get my money back, but now not so confident.

    Have also been contacted daily by other brokers like utrader and Binaryoptions. They just won’t go away!!!!!

    This is just HORRIBLE!!!!!

    1. Hi Madeleine, I am sorry for what happened to you. All other robots and unregulated brokers are the same. Now you know that if anybody promises you free profits, but asks for your deposit first, you have to stay away.

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