Throwback Monday: The Charmels
Posted on January 25, 2010 by Martín Caballero
The Charmels- I’ll Never Grow Old
The reason why we review trading software:
Every week, we pick up trading software to review and let our members know if it is a genuine one or a scam. Sometimes, the software to be reviewed is randomly chosen based on the popularity and the trending but a lot of times also our members request us to review software for them.
What we do is that when we review it, we try to upload it on our review website with the required hash tags so that everybody benefits from the information that is in the public domain. We do not charge anything for reviewing the software. So, if there is any software that has caught your fancy but you do not know if it is safe for you to invest, we recommend that you send us its name so that we can probe into it to find out if the software is a genuine one or a fraudster.
Here is the scam alert*
This week, we are going to review a software called QProfit System which released only a couple of months ago but seems to have caught a lot of attention lately. The website’s page looks attractive and the sales pitch is perfect.
If the software looks way too attractive and the sales pitch sounds just too good to be true, it is time to keep your eyes and ears open!
It has been categorically found each time that when a particular software takes a lot of time, money and effort to package its product carefully and spotlessly beautiful, it means that it has no substance.
The sales pitch will mention that if you become a trader on their website, you can be on your way to earn a few hundred thousand dollars in a couple of weeks or in a month!
Beware of such things:
First thing first!
Let us tell you that when you trade in binary options, you cannot expect to earn such big sums ever, leave alone in a month’s time and too with a deposit that is only few hundred dollars ($250 to be precise)!
The nature of the trading in binary options is such that you can manage to make huge profits provided your investment is proportionately huge. Apart from that since the nature of the trading is highly speculative, it is important to know the risk factors before deciding to pump in heavy investments.
Making windfall profits are very rare but making losses regularly is the norm. Therefore, one has to tread very safely in speculative markets such as this in order to be aware of the potential risks, otherwise the entire investment can be wiped out in a minute’s time!
The software in question is extremely similar to other frauds:
If you will look closely, you will realize that there is an uncanny resemblance of this software to earlier declared fraud trading software. It may look like the basic structure is the same only the packaging has changed. If you had this feeling earlier on, don’t dismiss it but dwell on it to probe further the genuineness of the software. Who knows a little precaution can go a long-long way in helping you salvage your hard earned money and not falling into the hands of these crooks!