Ultimate4Trading scam has littered the Internet with their multiple sites that all start with Ultimate4Trading, and we have uncovered some red flags that you need to know about! This semi-automated trading system is apparently owned and co-created by John Cross and Abbey Walker-Jones. The problem with this Ultimate4Trading scam system is that based on the information provided by other reputable Binary Options blogs, this is an exclusive service supported by only one broker: EZTrader.com. This is very unusual, since normally a good trading system will attract many Binary Options brokers, and certainly not just one broker.
As a matter of fact, the Binary Options broker regulator CySEC fined them a full €340,000 in June 2015! FinanceMagnets.com tells us that “According to the regulator, the company violated five different regulations, including two concerning money laundering and terrorist financing, and three other relating to the laws governing the provision of investment and trading services by Cyprus Investment Firms (CIFs).” This comes shortly after EZTrader was fined €10,000 in March 2015 “since the company continued to provide its services without any authorization to do so.”
Are these the people you are willing to hand over your cash to? If it wasn't for this, we would probably have supported this system, but with just one broker, and this broker in particular, it raises a huge red flag.
Disclosure: We might get a commission fee if you sign up through any of our links.
Ultimate4Trading Scam Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: No
- Paid Actor Testimonials: No
- Impossible Revenue Gains: No
- Comes Across As Authentic: No
- Convincing Proof of Profits: No
- Possibility of Being a Scam: 99%
- Price: Free.
- Available In: Everywhere?
Ultimate4Trading Or Ultimate4Scam?
Immediately you will see that something unusual is going on here. Our standard review summary appears to be contradictory. There are no stupid pop-ups, no bogus scarcity counters, no paid actor testimonials and not even impossible revenue gains (as far as we could tell). So why are we rating Ultimate4Trading as a scam?
The thing is that the Ultimate4Trading scam has a very nice looking website, complete with a video background and a well-designed interface, but absolutely no evidence of any past performance. When you play their video, it starts out with John Cross (or whoever he is) engaged in what is supposed to look like an interview. He tells us that he developed Ultimate4Trading together with Abby Walker-Jones as their final year University project, to try to predict market movements. We're led to believe that he is perplexed by the idea of either giving the Ultimate4Trading software away for free, or selling it.
Soon thereafter, we are introduced to Abby Walker-Jones, as well as two other members of the team, Matty Voss and Ash Patel, from the University of Birmingham, UK. They never speak on camera, they're just kinda shown for a second or two.
We are told that the software performs on average with above 70% accuracy, and often up to 80% by Abby Walker-Jones. They also tell us that the Ultimate4Trading scam platform is now capable of doing over 100 trades per day, after they improved the Ultimate4Trading algorithm, which initially started with only 2 trades in a day.
All of this sounds fabulous, the ITM winning rate is very do-able at 70%, and even the number of trades it identifies per day is not completely crazy. However, there are a number of significant problems with their whole story. Take a look at the screen capture above of their algorithm for instance.
They claim that they analyse and sort through terabytes of REAL-TIME data in nanoseconds. The truth of the matter is that there aren't terabytes of real-time data when it comes to Binary Options trading. There are only the tick values of the asset, be it Forex, an Index, commodity or stock, there aren't terabytes of real-time data. This is not Twitter or Facebook that produces terabytes of data in mere minutes due to image and video sharing. The data produced at any point in time for trading is not that much, and it is all distilled into the open, high, low and close or simply the current price of an asset.
The third part of their algorithm which they so proudly display on the (various) Ultimate4Trading scam websites is what really raised a red flag with me. They claim that, and this is a quote, “Ultimate4Trading's algoritms present these trades of the use to invest in.” I don't know about you, but I've got absolutely no idea what that means! Don't you think that if these Ultimate4Trading people really are University graduates, that they would at least get the last part of their trading algorithm right?
Things also fall apart when it comes to the award that they claim to have won, the so-called ‘Startup365 Innovation Award 2015'. At first, this appears to be very impressive, because not only do they list the award, they actually created a whole separate website Start-up365.net just to support this fake story of the Ultimate4Trading scam!
How do I know that it is not for real? Well, because they claim that the host, Cooper Washington (see how they hint at Anderson Cooper from CNN?) has been presenting the show since 2010. The problem with this, is that the domain that the show runs on has only been in existence since July 2015! We also could find nothing else about “Cooper Washington” online, and if he is this famous, the internet should have been full of it. There are literally a handful of carefully crafted social media posts, but they are all outdated, or only focus on the Ultimate4Trading scam.
Ultimate4Trading Scam Review Conclusion
This is a really good scam, we must admit. Well done Utimate4Trading, you will probably manage to fool thousands of people. However, I hope that this review will help you to avoid falling for this very elaborate hoax!
Let's review the main factors that makes the Ultimate4Trading scam a fake as far as we're concerned:
- They have no real proof of their trading results, not even after supposedly being active for a year already. Compare this to Mike's Facebook group.
- They are supported by only ONE broker, which has a pretty bad reputation. If they were legitimate, Ultimate4Trading would have had the support of at least more trusted brokers, don't you think?
- They claim to be University graduates, and yet all of them put together cannot come up with a sentence for the last part of their algorithm that makes sense.
- The supposed award that they received from Startup365 has a domain that was registered in July 2015, and yet they state that the bogus “Cooper Washington” person has been the host of the show since 2010!
Personally, I feel that the second point, namely that this Ultimate4Trading scam software is only supported by one single broker with a bad reputation is clearly the biggest and most glaring problem with this software, and we urge you to stay away from it. There are much better binary options trading systems available on our site.