Here we have a new binary options scam called the „Gold Digger“. It is supposed to make you money on binary options on gold.
What is the Gold Digger about
They supposedly made a binary option trading software for trading Gold.
And although they could sell it to banks for big money, they will let you use it basically for free. What a fairy tale!
The Gold Digger story has many flaws, let’s have a look at some of them.
- They say you can verify 9 year results of GPS Forex Robot on MyFXBook. There are some robots on MyFXBook with this name, but none of them is working more than 3 years.
- They say that Gold Digger’s results are notarized. But they created a fake German notary web site (Schmidt) for that. You can have a look at it, the address does not make sense, the phone numbers are from the UK, the navigation info is copied from another German notary site, etc.
- They say they use leverage on binary options 400:1 to make you a lot of money. Well, that is impossible, there is absolutely no leverage on binary options, their statement is a big nonsense.
Trading results are obviously faked, because they are trading 60 seconds options on Gold, however they are getting different returns from the same amount within the same day. Binary options brokers don’t change return ratios 3 times within half an hour!
There are a lot of other details we could go through, but the quickest way to close this review is to pinpoint this paragraph from the Gold Digger Terms and Conditions:
“The Videos – the videos displayed on the Website are provided for informational and promotional purposes only and should not be relied upon in making decisions and are for simulation only by using actor(s) and demo accounts.”
Gold Digger is a very daring binary options scam, because people behind it faked a notary document. It is very serious. They made up their story just to make you open a binary options trading account and deposit money into it. This is the first thing they’ll force you to do. So it is your money that you are going to lose if you trade with Gold Digger.
We repeat it again and again: do not trade with these binary options robots that promise you a lot of money for free, meanwhile you always have to deposit money first. If you really want to make money with binary options, you have to learn trading and trade yourself.