The Vena System by Marc Vena promises to reap exceptionally high daily profits a day, as much as $5,250 even on the first day! But does the system really work? Is the Vena System a scam or not? Read on for our full review about this system and how they try to trick you.
What is the Vena System?
This auto-trading software was developed by Marc Vena to trade on Binary Options markets for its users. It’s 100% automated web-based software, with no installations or special knowledge required. According to the creators, all of the Vena System binary trading operations are automated, and have no human interference. It’s set up essentially takes less than 60 seconds.
Flashing attractive luxury cars, pretty ladies, luxury houses, and expensive trips, Marc Vena claims that he’s extending a special invitation to a few lucky people, who he will make millionaires with this trading system. However, be warned! Whenever someone is claiming to give a special offer to a selected few and generate millions from such a small investment, it’s very likely to be a scam. We do our due diligence to uncover the hidden intention behind such “Get Rich Quick” scams, and if you were searching for the best binary options trading system, sorry to say this but this system will disappoint you.
For those who are completely new to Binary Options trading, it’s a financial instrument that basically lets you purchase call or put options. Essentially, you invest into a “Call” option if you think the price of an asset will go higher than its respective price within a certain expiry time, and vice versa for a “Put” option. It actually a rather simple approach to making profit. Unfortunately, many people tend to take advantage of people new to this industry with different forms of scams, such as the Vena System, promising very high returns. However, traders that fall for these traps actually lose their money.
Why is the Vena System a Scam?
In my honest opinion, it’s been a while since someone invested this much into a presentation video of such caliber, portraying high level of lavish lifestyle and luxurious items. In its entire 20 minutes of presentation, the video gives us very little information regarding its trading algorithm or methodology, and does not even demonstrate its workings. The presentation video is purely there to sell the idea of “becoming a millionaire quickly”, by earning an average of $5,000 a day. You heard that right, they promise 5k a day on an investment of $250.
While Binary Options trading can be a profitable venture for knowledgeable and experienced investors, reaching such results is near impossible with such a small investment. The Vena System is a scam that disrespect the art (or science) of trading, promising such unrealistic potential but pairing with low-quality performance.
The negative reviews and poor performance on the Vena System scam comes as a no surprise, since the description of exactly what it does is so vague. We get the vibe that he doesn’t know anything about binary options trading at all. In reference to his presentation, Vena claims that his system is a zero risk investment because the system can spot situations automatically.
For instance, he claims that the recent US presidential election caused uncertainty in the market, which made the dollar weaker against other currencies. That is obviously a lie, given that the USD was in an uptrend and it was forming new wave highs. Marc Vena also fails to mention exactly how the system handles uncertainties, since he has no idea about how the markets operate. Would it really be a nice idea to invest in such a system declaring false information?
Dismal Performance Contradicting the Presentation
Since Vena clearly lacks a concrete understanding of trading, it’s highly likely that he uses fake testimonials on the Vena System website to support the unrealistic results. Moreover, when we researched about the Vena website, it was only created on January 2017. There’s no actual proof or verifiable sources to back the success rates, the millionaire stories, or even his past experience in the industry.
Considering all of the details discussed above, the only conclusion here is that Vena System is an outright scam. Neither the details about Marc Vena nor his system can be trusted, simply because they are fake, and highly improbable. As a trader, you stand a better chance learning how to trade for yourself, or using other tested software.