There is very strong evidence that Holiday Cash Bot is a scam and in this review we will show you why we would never recommend using this free software for binary trading. Our own research has brought up plenty of reasons not to trust any of the claims made about the Holiday Cash Bot system. By the end of this review it should be obvious why this is a scam.
The introductory video claims that this binary options trading system works 99% on autopilot. It is said to be easy to use, so that anyone can start receiving Holiday Cash Bot signals for on fluctuations in the global market. It promises huge amounts of money can be made in the binary options market using this system.
Everyone who signs up for free is told that in order to start trading it is necessary to choose one of the brokers recommended by Holiday Cash Bot Software, by following a link from the list on their website.
What is the Holiday Cash Bot System?Scam Alert !
According to the introductory video on the Holiday Cash Bot website, it is a free binary options trading system. While is true there is no charge for registering and downloading the software, as anyone will know who has ever searched for a review of free trading App, there are plenty of examples of binary option software’s that have turned out to be a scam. It is obvious to us that the people behind this binary options trading system intend to prevent traders from finding and using any other broker. All newly registered traders are told they must only work with a broker selected from the list provided by Holiday Cash Bot.
The next step is to deposit money into a broker’s account, which means that all the traders using this system will be placing money in the accounts of just a few brokers supposedly working on their behalf. We are aware that several other binary option software have this same requirement, but we also have evidence from our review research that in many cases the traders using those systems have lost money in a scam or have been disappointed with the results.
How the Holiday Cash Bot System is Supposed to Work ?
The man behind the Holiday Cash Bot software is James Samuels and it is his claim that beta-testers who used the prototype software for this system were able to achieve a 97% success rate on their trades. Those testers were supposedly basing their trades on signals from a Holiday Cash Bot app, which showed them the best time to trade and to profit from fluctuations taking place during holiday seasons. Based on our own knowledge of the binary options market, we are very skeptical about such a claim, even if there were enough holidays taking place around the world during the test period.
Why is Holiday Cash Bot a Scam? Real Proof
We have come across many warning signs which prove that Holiday Cash Bot is a scam. In this review we are now going to pick out some of the major red flags. When preparing this review, we discovered that the Holidaycashbot.com domain was only registered on October 27, 2015. We are also suspicious about the website. It is already filled with testimonials from people like “Jason Samuels” who says he is flying his family out to Hawaii thanks to his success with Holiday Cash Bot App. His photo and the pictures accompanying the other testimonials all appear to be stock images rather than genuine family photos or selfies. This is a sure sign of a scam, and in particular when the website that has only been around for a short time.
Another point of concern is how the narrator of the video on the Holidaycashbot.com website home page contradicts himself. He starts out by saying that we are all used to seeing scam claims about new systems that promise almost instant wealth with an easy way to make a lot of money. He remarks that we should know that this never happens, but then goes on to make similar promises about the amount of money which he claims can potentially be earned from his own Holiday Cash bot binary options trading scam.
There is another implausible claim made by the narrator of the video, which is that Holiday Cash Bot traders earn more than $93,000 per month. The amount of funds that traders are willing to risk and the total number of trades they make in any one month are both unknown factors. It is therefore impossible to give an accurate monthly estimate.
There is certainly no foundation for the promise made in the Holiday Cash Bot video that new traders using this software will earn between $45,000 and $95,000 in less than two months. The Bot signals are only supposed to be used for trading on holiday period fluctuations. Even in a global market, we doubt that in any one month there will be more than a few official leaves around the world. Another claim from the front page video, which in our opinion indicates that Holiday cash bot is a scam, is that twenty-seven people using the signals bot on autopilot earned a total of more than $1.2 million in the last vacation season. It does not specify exactly what holiday period this refers to.
We have set out some of the reasons in this Holiday Cash Bot review why we firmly believe it is a scam. We are dedicated to preventing money being wasted on scam systems and the conclusion of this review is that we strongly recommend you not to take the risk of using this free binary options trading software.
We consider that the way the Holiday Cash Bot scam is being marketed online is deliberately targeting new traders who know very little about the binary options market. Complete beginners are told that they can succeed consistently every month from a binary option trading system that is based on holiday fluctuations. Like on many scam binary options systems , the narrator of the introductory video is making misleading promises about the huge rewards to be earned by using his automated system. Do not believe it!