OK, so the 300 Dollar Trade software is a total hoax! Reading this 300 Dollar Trade review to the end could save you from wiping out your trading account. This is such a plain vanilla type of Binary Options scam that if you have seen some of my reviews, you would have been able to spot this attempt a mile away by yourself. It's fairly easy to see the creators of this swindling scam piece of software tried to cash in on unsuspecting new traders.
We have already received numerous negative comments with regards to this scam system, and after investigating this 300 Dollar Trade scam it comes as no surprise to me. It has a useless “SSL Protection” notice that goes nowhere and the site does not start with “HTTPS”, and it has bogus trust badges about it being “Norton Secured” and “TRUSTe” certified. If you want to see what real certified and SSL connections look like, take a look around on our site and click on our badges to see if they are real.
Unlike scam websites that don't reveal this, we need to explain something. Regardless of which web link or website you make use of to sign up for this solution, someone may obtain a commission fee. That includes links on this website. Our join web links can be trusted, due to the fact that they secured by SSL HTTPS security, so you can be certain of the starting point.
300 Dollar Trade Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Paid Actor Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Possibility of Being a Scam: 95%
Price: Free. Have to sign up with one of their brokers.
Auto-trading Available: Yes, fully auto-trading software
How Does The 300 Dollar Trade System Work?
Binary trading has taken the trading industry by storm over the recent couple of years as day traders who have been used to scalping very small returns for small stock trends can now obtain returns up to 90% for these same small stock and Forex movements by using binary trading. In its most simple form binary trading is a direction based, win loss proposition.
The basic premise of this 300 Dollar Trade scam app is that it helps you to trade the markets by using Binary Options. If the trader is on target in picking the direction of the underlying asset in a given time-span, then he or she will win a certain percentage (generally between 60% and 90%). If the trader is wrong in selecting the direction of the underlying stock in a given amount of time, he will lose anything between 85% and 100% of the trade. Keep in mind in binary trading the range of the underlying asset movement is meaningless, the direction is all that matters. The 300 Dollar Trade scam app claims to help you determine the direction of the market, within a specified time.
Using binary options, traders likewise do not have to stress over exactly where to put your stop-loss, since market activity that take place before the expiration of the trade has no effect on the final result. This implies that regardless of whether the market spikes up or plummets, it has no impact just as long as the market ends either higher or lower, according to if you selected a PUT or CALL trade.
300 Dollar Trade Hoax Findings
We are told by Jack Emery that he is an account manager at “Olimp Finance” that he really wants to be your personal support from now on until forever, or at least until you run out of money.
The Olimp Finance website actually exists, which is interesting, especially since it was only created in October 2015, just a few months ago. That explains why we couldn't really find out anything about this binary options broker. It also turns out that it is the only broker option you have if you want to sign up for the 300 Dollar Trade scam system!
Now of course we can't say at this point if the Olimp Finance company is reputable or not, but I can tell you that their 300 Dollar Trade scam software that they are pushing onto people leaves a bad taste in my mouth. You should also really consider carefully if you want to sign up with a finance company that is less than 5 months old. Even their YouTube channel only has 33 views and was published a mere 4 days ago!
The OlimpFinance.com site does have HTTPS protection, but you will notice that when you click on the green bar, it does not display any of the company information. This means that it is a fairly weak SSL certificate that does not require any rigorous checks and verification.
Information That Makes No Sense
I, Jack Emery, Account Manager at Olimp Finance hereby grant you a magical 300 dollars! So what our supposedly generous friend is trying to say, is that once you sign up, and likely only when you deposit $500 or more into your trading account, they will give you a $300 bonus.
That sounds great right? WRONG!! Let me quote the terms and conditions of Olimp Finance for you that will come into effect when you sign up for the 300 Dollar Trade scam system (I added the emphasis and bold):
“12. Olimp Finance Investment Reward and Bonus Policy
Olimp Finance offers a number of attractive reward features to its new and returning traders. Cash promotions, bonuses and one-time trading credits rewarded to customers are part of Olimp Finance's promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change. Unless stated otherwise on specific promotions the default promotional terms apply to all bonuses as shown below:
Withdrawal of funds which have received additional rewards, bonuses, or promotions, require a trading volume fulfillment of 30 times the bonus. The trade volume requirement begins upon receipt of the bonus in the traders account. Upon receipt of the bonus, the trading requirement must be fulfilled prior to withdrawing funds from the account. The volume requirement is subject to cancellation should the account balance drop below one (1) trade. The minimum trade is 10 EUR/USD depending on the currency of your account. Canceled trades are not counted towards the trading volume. All funds can only be withdrawn when the preceding stipulation has been fully met and fulfilled; this includes the original deposit and all other subsequent deposits.“
You need to pay special attention to the portions in bold. Do you see how your account is locked up until you have fulfilled the trading volume requirements? So what that means, is that if you get a $300 bonus with the 300 Dollar Trade scam, you have to trade a total of $9,000 before you will be able to withdraw the $300 “gift” or even have access to ANY of the funds in your account!!! This is a very common practice, and interestingly enough it is not illegal, so be aware of the consequences.
Do you now understand why Jack Emery is so keen to have you give him all your details and why he cannot wait to give you that $300 bonus as part of the 300 Dollar Trade scam sign-up process?
Unfortunately it gets worse for the 300 Dollar Trade scam system, because users like “Adan Kasinsky” below is not only surrounded by fake trust badges, but he is actually Clem Karl from the University of Boston! The marketing team from 300 Dollar Trade simply stole a picture right off the university's website!
Now, if it only happened once, you might have given the guys from 300 Dollar Trade scam a chance, but then you come across “Alan Godwin” that is apparently very stoked about having his own account manager, and it turns out that he really is Johan Lukkien, a professor from the Technische Universiteit Eindhoven.
300 Dollar Trade Scam Review Conclusion
We hope that all of these facts give you enough information to steer clear of the 300 Dollar Trade scam system. It really will be best for you to investigate other systems that are more reputable! Take a look at our top signal services, and I'm sure you will find a system that is much better than this!
If you’re completely new to trading Binary Options, you would benefit from first familiarizing yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.