Cash Formula is one of the newest binary options trading software from a person who goes by the name Tim Stafford. Tim Stafford alleges that by using the system, you can create a nice secondary or even primary income. Tim who is the presenter keeps speaking about making millions, which is quite suspicious. The video is surprisingly of a very high quality featuring expensive mansions and expensive toys.
Should You Trust This Software?
Cash Formula has very few convincing elements. Their video presentation is quite convincing and it is obvious that they have gone beyond just hiring some cheap Fiverr actors. Hiring expensive vehicles and a yacht does cost a lot of money which indicates that the developers behind this scam have money to spend. In addition, many people have flocked to various online portal asking about this Cash Formula auto-trading robot, which instantly tells us that the program is being promoted aggressively.
What Exactly Is This Cash Formula Software?
Tim Stafford uses very complicated language to explain how the system works. Such complicated explanations just don’t work for regular users. Here is an explanation of how the Cash Formula software is supposed to function, which will save you from listening to a long boring video full of false statements.
The software allegedly uses trend following algorithms to execute trades. Once the algorithm detects an emerging trend, it opens trades following the direction of the trend. Simply put, the Cash Formula software is supposedly a data analysis tool for predicting trends based upon the overall market sentiment.
The system allegedly identifies trends by analyzing the trading volume. Once the trading volume gets lower, the system understands that the trend is about to change or the market might be heading sideways.
That is what the software should be doing, but the explanations that Tim gives are quite pathetic and somehow it just leaves you suspicious if the software actually works at all. It is thus safe to conclude that the algorithm probably does not work as it should.
Where Did The Trading System Come From?
Here is where things get quite messy with Tim Stafford getting into conspiracy theories.
The Cash Formula system was allegedly created by the top 1% of people to control and harvest online markets. Whether the 1% of top income earners have organized themselves into such a world-controlling group or not, and whether their aim is to exert control over the financial markets like that is purely a matter of speculation. I’ll leave that for the conspiracy theorists among us to debate. To my mind, I find it hard to believe that such a group would create software like the Cash Formula scam and resort to simple trading tactics like a trend-following system to maintain their monetary dominance over the world.
Tim Stafford tells us the Cash Formula software was handed to him by his mentor, Professor Drew Cummings a few years ago on a flash drive with its CF files. He also claims that the files were stolen by anonymous hackers from ‘The Cartel’. ‘The Cartel’ is a allegedly secret group of extremely wealthy individuals that paid a huge amount of money to get the code files to gain control and take advantage of the markets before everyone else does.
The entire story is full of conspiracy theories but luckily nothing close to the truth. It is safe to state that this whole Cash Formula scam is a totally fabricated story. The existence of this ‘Cartel’ is unproven while no evidence exists to suggest any links between the ‘Cartel’, Anonymous hackers, and the Software.
Cash Formula Scam Estimated Profits
Tim does not provide guaranteed estimated profits but he does promise $20,000 in daily profits. This should be enough to prove this is a scam. It is a typical scam approach whereby the creator entices you with crazy figures to try to push you into signing up.
Who Are Tim Stafford & Drew Cummings?
It is completely impossible to say that the people appearing in the Cash Formula software video are paid actors but they do make the claim that they are big investors that make millions each month with binary options. I find it rather strange that not even one success story exists anywhere online describing their success. I’m sure you will agree that it is peculiar that such an amazing success story has not been broadcast on all news networks and that you can’t find any solid evidence of it anywhere.
Testimonials & Endorsements
At this time, no real endorsements of the Cash Formula scam exist outside the official website cashformula.com
The testimonials actually appear quite unrealistic. While the people involved might not be famous actors from fiverr.com, their profits seem unrealistic. How is possible that all of them are making millions with the software but nothing is written about them anywhere on the web? The only proof of their success exists only on cashformula.com. This is clear evidence of fabrication.
The presentation video of the software resembles numerous other scams before it excluding the expensive toys. However, all the scam elements remain. Unverified bank accounts that contain millions and stock photos all around the video as well as annoying popups that prevent you from leaving the page freely.
Interestingly, Tim starts by saying that if you do not trust him just leave the page then attempts to keep you on the Cash Formula scam site by using many lousy tactics. This is all strange considering that a genuine trading website/system would never apply such tactics.
Cash Formula Review Concluding Thoughts
Considering all of the information provided in this review, it is quite clear that Cash Formula is a scam but with a higher production budget. The stories contained on the website are just fiction. No genuine third party can give credibility or support this system. Simply put, do not trust this investment application.
Luckily, binary options trading is not a scam even though programs such as the ones described in this article might make it seem like so. It is possible to make money with binary options but using the right tools and systems. What you need to do is try binary options trading on a demo account to find out how it works.