Folsom claims that Spectrum7 is a binary options trading software that generates $1,560 per day to each user. It allegedly can make you up to $100,000 per month.
And to be competitive among the hundreds of millionaires programs that we have reviewed, Spectrum7 has of course to be free. So that’s it, you have nothing to do and you can become very rich for free, can’t you?
Spectrum 7 scam
Spectrum 7 is of course just a scam that wants your money. You will have to pay and you will lose your money. They will never give you a single cent.
There is no third independent party that has verified results of this program. All the seals and awards are fake.
Look at the picture to see the proof, these people are Fiverr actors, anybody can hire them for 5 dollars and buy fake testimonials for anything you want.
How Spectrum7 really works
The story about beta testing of Spectrum7 is of course a lie. The reality is that after signing up for this program you will be immediately redirected to a deposit page of an unregulated binary options broker.
That’s right, the first thing you will have to do is to deposit at least $250 with a broker that you cannot choose. The reason for this is very simple, these scammers are associated with this broker and they get paid for referring new depositing client to this broker.
This is why they won’t let you try the software until you deposit money. They don’t want you to discover that their software loses money in real trading before they get their commission thanks to you.
Spectrum7 is a basic scam that will force you to deposit money with an unregulated broker and then it will lose your money in trading. So stay away from it.
People interested in making money with binary options should always start on a free demo account with a regulated broker.
On the demo you have to learn how to trade profitably, only then you can start trading with real money.