Do you want to make massive profits by trading in binary options? The creators of Ultimate4Trading claim they created a revolutionary algorithm that supposedly predicts winning trades on 75% of occasions.
That means that you just need to click the trade button, sit back, relax and see the money pouring in.
Well, I have heard that story 100 times before. I know you are skeptical the same as I am, so I decided to take a closer look and show you what is behind the scene. Is ultimate4trading a Scam?
Let’s find out!
- Product Name: Ultimate4Trading
- Website: www.ultimate4trading.net
- Price: Minimum investment – £200
- Business Type: Binary Options
- Recommended? No
Score: 0.5 out of 10
What is Ultimate4Trading?
Ultimate4Trading is a binary options trading software that supposedly provides signals with a high chance of winning. They say the software receives signals from an algorithm that was actually developed by a company called D WORLD.
I haven’t found any company with this name on Google.
What are Binary Options?
Binary Options trading is a very popular way to speculate in the financial markets. In this kind of option, you just have to choose between two outcomes – Either you choose the price of an asset will go up (CALL) or down (PUT) after a given period. It’s possible to trade in a wide variety of assets such as stocks, indices, commodities and currency pairs.
Compared to other conventional classes of trading, binary options offer a very short time-frame to accomplish profits or losses. It’s possible to place your trade and wait only 60 seconds to see the result.
If you place a CALL and the price goes up, you win a certain percentage of your investment (up to 85%). However, if the price goes down, you usually lose 100%. That’s a great advantage for the broker, and that’s how they get richer and richer.
Think about it, you have to win much more than lose to see a profit. The problem is that the short expiry time makes it impossible to make an informed guess based on trends and events that can affect the financial markets.
The shorter the time frame, the harder it gets to make an informed guess. Therefore, trading in binary options can be worse than gambling in my opinion.
I discovered Ultimate4Trading through a website called start-up365.com. It wants to pose as a serious website about startups and innovation but in reality, it’s just an editorial platform to promote Ultimate4Trading.
The website tells a beautiful story about 2 classmates from the University of Birmingham that developed 2 algorithms during their Computer Science degree. Their final year project was supposedly Ultimate4Trading.
You don’t need to check if there was any student called John Cross and Abbey Walker-Jones at the University of Birmingham. Nor do you need to verify any connection of Ultimate4Trading with the Uni, you won’t find it!
You can just visit start-up365.com and look at the bottom of the page. They confirm they are all actors!
This is an advertorial, the participants are actors and there is no startup and/or algorithm.
How Does it Work?
First of all, you have to create a free account and give your email and phone number. Be aware that they will use both contact methods to annoy you with marketing messages and calls for the rest of your life.
The Demo Mode – fake results
Next, you will have the chance the try out their system in demo mode. It turns out the demo will always forge the results so that you always have more than 70% winning trades.
The charts give you the value of a certain asset in real time. Besides, each chart represents a signal that their so-called algorithm considers the best option for you to trade.
Take a look at the example below:
This is a CALL signal on the currency pair Euro/Dollar, which will last for almost 2 minutes (it starts at 25 or 55 minutes). Notice also that the “60 seconds” tab is selected, which means that every option in the list will have an expiry time of 60 seconds. The other tab is “Binary”, where the options have an expiry time of 25 minutes.
Both expire times are very short and as I said before, it’s almost impossible to predict the movement. An algorithm developed by humans is useless in this situation and you can easily see why. Each signal will stay there for 25 minutes, right? However, you can see that the graph is going up and down many many times!
So, this is how it works. You choose the amount to invest, let’s say £50, and click on “Trade Now” (represented as number 1 in the graph). The trade will end 60 seconds later (number 2). In the example above, the price of the euro increased, so you’d have earned £83. In case the price went down, you would lose all your initial £50.
Now, here is the trick. I have made several trades in Demo Mode and followed the values to see if they would go up or down after 60 seconds.
I had mixed results, some went up and some went down. The ones that went up were shown as “WIN”. However, most of the ones that went down were also considered Wins and the profits were added to my fictional balance account.
For those who followed the graph and knows how the system works, will notice this fake result. Unfortunately, most people will see “Wins” after “Wins” and think the algorithm really works.
You will always be at a big disadvantage
When you decide to trade for real, you are taken to the Broker’s website, where you have to deposit at least £200. You can trade all this money but it’s very likely that you will lose it all.
The chances to be right or wrong are filthy-fifth, but when you are wrong, the broker will take a larger profit compared to when you are right. There is no algorithm that can guarantee a winning rate of 75%. You are always at a big disadvantage…
Hordes of Affiliates Making Commissions
I realized there are many websites dedicated solely to promoting Ultimate4Trading ! Check if the website’s name has ultimate4trading in it… if so, it will always say positive things.
They use the name ultimate4trading because it ranks high on Google searches, so the majority of people will click them instead of trustworthy and unbiased reviews.
Here are some examples:
And the list goes on and on…
All they want is the commissions that EZTrader will pay them while you put your money at high risk!
Ultimate4Trading are using actors and to convince you that an algorithm will make you financially free. It will never predict the movement of the market.
Trading in Binary Options is highly speculative and I don’t recommend it to anybody as the probability of losing money is extremely high.
You can have significant experience in the financial markets and be an expert in analyzing trends. Still, you are still bound to huge losses.
If you decide to go for it, avoid automated trading software like the plague and look for licenced and reputable brokers.
Verdict: Not Recommended
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It is possible, but you need to understand that it takes time and hard work. Not only that, you need the right training, tools and support in a timely manner. I am pursuing this lifestyle and I create my online business inside a platform called Wealthy Affiliate. It is the best place to learn about affiliate marketing and succeed. They have a free membership so you can see how everything works. This is definitely a good place to start.
What do you think about Ultimate4Trading and binary options in general? I’d love to hear your thoughts on this matter! Also, feel free to leave questions if you have some. I am always here to help you out! 🙂
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