One of our readers asked us for an opinion about “Ultimate4Trading” on binary options and we came to the conclusion that it would make an interesting review. So here it is.
This system is no different from tons of binary options scams that we have seen over the years. A guy called Jim Cross says that he developed the Ultimate4Trading system with a couple of friends from university. It is an automated binary options trading strategy that allegedly made them a lot of money and now they are sharing it for free. How beautiful, right? Well, not so.
Let’s get straight to proofs that Ultimate4Trading is a binary options scam like many others.
First let’s start with awards the Ultimate4Trading supposedly received. When you look at the video presentation from Startup365, first ask yourself what is Startup365? It is a web site (Start-up365.com) created in July 2015 and looks like created really on purpose to support Ultimat4Trading.
In the presentation video you can see quotes from the “Boston Financial Herald” for example. But we have not found any media with this name. Boston Herald is the only one that comes close, but it has never mentioned Ultimate4Trading. The other quotes from the video are unverifiable too, so we must conclude that they are fake.
Free with an affiliate program?
Ultimate4Trading is free. Yet they have an affiliate program, so they are willing to pay you if you refer new traders to their program.
Ask yourself this question: If you offer something for free, why would you pay affiliates to get you new customers for this free product? Where would you get the money from?
We could go on and on with suspicious things about Ultimate4Trading, but as they offer a free demo, we tested it. And we discovered a big problem, their demo is faking trades, it makes losing trades winning, so you get a wrong impression about the performance of the system.
So on the demo you’ll be making money because the system is faking trades. Then you will open a real account, trade the same way, but you will lose your money. Look at the video, you’ll see how Ultimate4Trading is faking trades, it rewrites losers to winners.
On the left you see Ultimate4Trading, on the right we mirrored the trades with a top option broker to see how the price really evolves.
But is it really a surprise? You know you should always read Terms and Conditions, which in this case state: “For the avoidance of doubt, the User should not and will not expect any similarities between the demo account and the real and/or live account.”
Ultimate4Trading is a scam, albeit a sophisticated one. Through a faked demo they will let you think that they have a winning system, but in reality you will lose your deposit when you start to trade for real. Ultimate4Trading makes money because they are affiliated with brokers, so they will get paid for every new trader they refer. This is the purpose of their story and program, make you deposit and trade with their broker.
As we always say, if you really want to make money on binary options, which is perfectly possible, learn how to trade, build a profitable strategy and trade your account yourself. You can try it on a free demo that will give you real results.