The Wall Street Focus Group by David Lombardi with the Cobra5 software is a very dangerous system that is out to scam people. This is one of those systems that look legitimate at first, but the moment you start digging deeper, you find out what's really going on.
Binary options provides the amazing opportunity for people to get into trading without having to deposit thousands of dollars into broker trading accounts. Due to its popularity, it unfortunately also attracts scammers who are looking to take this optimism of yours and turn it against you.
They claim to want to give you software that promises risk-free trading. Instead of the Wall Street Focus Group software doing that, it doesn't work, and they scam you out of hard-earned money. This whole presentation of theirs was very carefully crafted, but as we already revealed in our YouTube video, this review will reveal that it is a scam.
Let's take a look at some of the supposed features of this software.
Wall Street Focus Group Cobra5 Key Features
1) Detailed Algorithm For Binary Options Trading
2) Created By Gurus Jimmy Russo and David Lombardi
3) Helps Complete Binary Options Trades Without Risk
4) Real-Time Updates For Quality Trade Signals
5) Earn Four Figures Each Day
6) Simple To Use Algorithm
7) Free Download
8) 100% Web-Based With Money-Back Guarantee (60 Days)
9) Provides 89% Winning Weeks
These Are Useless Claims
The claims are always a good starting point with these reviews because a scam is easy to spot. The claims by the Wall Street Focus Group include being able to earn four figures right off the bat without doing anything. While binary options trading can do this for legitimate traders, it doesn't come at the pace this software promises.
It takes time and a commitment to learning how the markets work.
Until this occurs, those high-earning days will take time, and that's where this software loses the plot. It states you'll have minimal risk and make a killing right away when that's impossible and doesn't happen with this Wall Street Focus Group Cobra5 software.
No “Real-Time” Updates
They promise real-time updates for the software ensuring you're getting detailed trade signals to complete binary options trades on the go. While this sounds nice, and I actually wish they would do that, the likelihood of it happening is close to zero. This is because the Wall Street Focus Group app is a fake.
Who are the people behind “Wall Street Focus Group” and Cobra5 software in the first place? This is the question you're going to have when it pertains to this binary options trading software, and it's a good one to have. The founders are two Wall Street gurus named Jimmy Russo and David Lombardi, who state they are ready to help new traders start earning they money they deserve using this algorithm.
Unfortunately, their claims of a storied past are impossible to verify because they're not legitimate.
This guy is not really a project manager for focus groups. How do I know that? Well, because I was involved in running focus groups for a marketing research firm in the past. I can guarantee you that if David Lombardi really was a focus group manager, he would definitely have mentioned the firm he works for. There is no way that an individual like him would get the massive contracts he refers to in the Wall Street Focus Group video all by himself.
The fact that he never mentions the marketing research firm he works for is a very clear indication for me that he's simply a fake and not telling the truth.
The same goes for Jimmy Russo. He is supposedly a bigshot on Wall Street, and although I haven't been there myself, I can tell you that there is a gaping big hole in his story. He claims that the Wall Street Focus Group software was created to help prop up the Nasdaq with more winning trades. He also claims that they chose binary options trading to do this.
Neither one of these claims are true at all. Firstly, it is laughable for him to say that this single piece of software will create enough winning trades to improve the Nasdaq. The second reason is even more important, because there is no binary options trading on Wall Street. The only place where binary options trading takes place in the USA is at Nadex.com which is entirely different.
These are actors who have been paid to do the ad that's put on their main site. It's sad to see this trick being used as it has been seen for years on the market by the same scammers. It shouldn't work, but it does, and that's the bad part.
Bogus Wall Street Focus Group Claims
During the video presentation we are been told by David Lombardi that the Cobra5 software that belongs to the Wall Street Focus Group will easily generate between $381 and $796 per day with at least 84% winning ratio on a regular basis. They also tell us that participating in the Focus Group and using the Cobra5 app will be limited to only 75 people. They will be able to use the Wall Street Focus Group Cobra 5 software for 90 days free of charge. After that, you will be required to pay a monthly fee of $997 if you want to continue using the software.
Part of David Lombardi's speech includes telling us that the software will predict winning trades with 100% accuracy. There is no such thing, all trading involves risk and it's simply not true that you will never lose a trade. Even the best system and top traders do not have a perfect record. This is trading, not science fiction!
Mr. Lombardi also really messes up when he says that trading the financial markets is possible 24/7 with the Wall Street Focus Group Cobra5 software. It is remarkable that someone that is supposedly knowledgeable about trading would tell you something like that. It's simply not true that the financial markets are open ever day of the week right around the clock.
While it is true that you can trade Forex for extended periods, there are still times when the market is not open for trading. From Friday afternoon to Sunday, there are no markets that are open. Of course, the exact times depend on your timezone, but there's no trading over weekends.
With Wall Street Focus Group, you're getting dud software that's built to scam people. If you are in the mood to lose $250 or more, this is the software for you. Anyone else who is serious about their money and doesn't want to be scammed is advised to steer away from this.
There are legitimate software solutions on the market that have been tested and proven, unlike the Wall Street Focus Group Cobra5 scam.
If you are interested in better alternatives, you're welcome to take a look at our top performing systems. Stay away from Wall Street Focus Group and find something better to get started in trading binary options.