Is The Rubix Project a Waste of Money?
Binary options trading is becoming increasingly popular as a way for beginner investors to make money. The Rubix Project software is one of the trading systems that is supposed to make it even easier for you to get started. Because you're just betting on whether the value of an asset will go up or down (two options, therefore binary), you're not required to have the same detailed knowledge or do the same micro-managing as you would if you were trading regular options, stocks, commodities or Forex in general. This Rubix Project review will take a detailed look at whether this software is legit, or a scam that you should stay away from.
The Rubix Project software by Brian Morgan is a trading system that promises to help people to make money with binary options. The software is relatively new, and there isn't a lot known about it yet, but initial inspection makes it clear that it is not really as powerful as promised.
To begin with, the developers promise that people can make over $10,000 per day with the software. On top of that, they claim the software has already made over $40 million! Let's face it, trading systems that make such claims are playing on the naivety of beginner investors. You'd need to get very lucky, or put down a lot of money, to make that much money. In their fake testimonials section, they even state that people have made close to $1 million in as little as 90 days. That's just not feasible at all!
Brian Morgan is supposedly the man behind the Rubix Project. He says that the robot is the only software in the world that is able to accept only profitable trades, and he says that an investment of $250 will help you to earn more than nine thousand dollars. This claim is misleading because no-one controls the financial markets. There is never any guarantee that someone will only make a profitable trade. The trade is set up, and then you wait to see what happens. The Rubix Project cannot change that. The robot might have a higher probability of being able to find good trades, but even if you were doing some arbitrage across multiple platforms, you would not be able to guarantee that in the milliseconds that the trade took, the brokers would not change their prices.
The Rubix Project app appears to be a nice idea, but it is a bogus system with no basis in reality. There's no transparency about exactly what the trading bot does or how it works – no hard facts or statistics. You're working on the assumption that it is based on a reliable trading algorithm, but without information about the algorithm being disclosed, you can't be certain that's true. The screenshots used in the promo videos are from a fake account from a well-known broker, not a live account, and the trades that are shown on the website aren't current. Even the people who are brought in to do the “demonstrations” are actors that have appeared in several other financial system scams.
So, totally unattainable earnings claims, demonstrations on a fake account, and fake testimonials all point towards the Rubix Project software not being a good idea.
Binary Options trading is a valid trading instrument, and one that you can make money with if you have a sound trading system. However, this Rubix Project scam software exists purely to harvest your email and deplete your trading account. There is no truth or integrity in their offering. Why take the risk and sign up with them?
There are plenty of other trading systems out there that make more realistic claims and that have real trading algorithms behind them. Stick with one of those and you'll be much better off. In addition, if you choose a trading system with more transparency, you'll learn some valuable investing skills, and find that you're not stuck to the software that you were originally using, should it ever fail. You don't need to tie yourself to one broker or system. Learn how the markets work for yourself (with the help of trading software if you wish) and then you can profit forever.