CFD Society Review
Name: CFD Society
Owners: Chris Chase?
Overall Rank: 1 out of 5 ☠
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NOTE: It is critical for you to know I am not an affiliate of the CFD Society. Rich Artist Starving Artist gives truthful, genuine reviews. My top priority is providing you with quality, entertaining, and informative reviews and I am not influenced by anyone or anything.
On the internet, anybody can essentially profess to be somebody else without any consequences.
If somebody is simply trolling a person on some forum, then there is no substantial harm; however, when it comes down to people selling you products or services and fabricating it, well, that’s an entirely different story!
Now, since there are a plethora of systems on the internet that promise they can aid you in making money online, it’s difficult to spot the scams.
This is particularly so when websites have become so easy to create and appear professional. Add to them some proper sales copy and scam websites are frequently hard to distinguish from the authentic ones.
For this reason, I want to discuss the CFD Society, a system that appears astonishing from the outside, but reeks when you examine it past the surface.
If you’ve been searching for a way to make money online for a while, then you might have gotten an email regarding the CFD Society, particularly, if you have exhibited an interest in Forex or trading in the past.
What Is The CFD Society About?
The CFD Society is a signal system for Binary Options. They claim their “software” can distinguish whether you should or should not wager lower or higher when trading and therefore win the trade.
Binary Options Trading. What is it?
If you don’t know what Binary Options Trading is, then here is a brief explanation of what it’s all about.
Essentially, Binary Options are a kind of trading system. Different from conventional trades, you do not purchase stock hoping its value will increase over time. Rather, you are given a time frame (usually a one minute range) and select a type of stock option.
Next, you have to decide if the stock’s value will increase or decrease at the conclusion of the set time frame than it was when it started. If you guessed correctly, you make money. If you guessed wrong, you lose.
It seems pretty simple, yes? Why not simply make use of stock trends?
Well, this is the major issue when it comes to Binary Options. When you take a look at stock prices over time, they typically gradually move up or down with the odd peak either way.
However, stock prices examined over the time frame of a minute are erratic.
Therefore, you have no chance at selecting the right way the stock will go using any scientific method.
Systems such as the CFD Society continually claim that their software can correctly anticipate the the direction, usually with ridiculous accuracy figures like 99%.
Unfortunately, these are all outright lies. There is no software in existence that can accurately predict a stock’s outcome because of the erratic fluctuations.
For this reason on its own, I consider the CFD Society to be a scam, but they have other problems too.
Indeed who! The sales pitch says that Chris Chase is a notable figure in the investment camp having been highlighted in Forbes, Fortune etc.
It’s rather odd then that a notable figure such as he would attach his name to a risky system such as Binary Options. It’s even odder that he would make use of a stock photo to portray himself.
While the real Chris Chase is indeed among the investment camp, I am completely convinced that the dude on the CFD Society website is merely fabricated, but with just the right amount of similarities to get through a quick search in Google.
Over Exaggerated Claims
Binary Options are a legitimate way of making money online. BUT, it’s not a great way of making money. It’s actually more like gambling than it is to real trading just because you can’t use trends and experience to help you decide.
The majority of people who take a go at Binary Options leave with far less money than when they began, so it’s hard to believe the CFD Society’s claim of earning $60,000 per year.
On top of that, they claim you can achieve this amount by merely working 20 minutes a day!
Claims such as these aren’t realistic. As a matter of fact, the system offers no proof whatsoever to support these claims.
When making a purchase online, particularly when it comes to software, it’s difficult to decide. So, testimonials play a big part in making that decision.
That’s why it’s disgusting to view bogus testimonials such as those displayed by the CFD Society.
Typically, scams such as this use stock photos, but the CFD Society takes it a step further and grabs real people’s photos from LinkedIn. I assume this is their attempt to authenticate their service, because you could possibly say that perhaps these people simply did not want their names to appear?
Well, then what’s up with the testimonials that are mere stock photos?
I bet not a single one of these folks is an actual CFD Society user!
What if you bought into the CFD Society, gave your hard-earned cash to the broker and then lose all your money?
Well, you’re completely out of luck! The CFD Society has no terms, contact information (all the urls direct to the home page), or disclaimers. On top of that, the majority of brokers who trade Binary Options are situated out of the country to avoid legal action!
So Much Baloney!
The sales video for this system take hours upon hours of your time because it is just filled with so much baloney!
Some of the prime bits would be not bothering to let you see bank statements that have been Photoshopped immediately after showing you one.
Then, there are images of a wealthy lifestyle spread all through the video like luxury shots or working on the beach. These are typical scam tactics to distract you from what’s really being presented to you – baloney!
The video is merely hype without any actual substance.
The Final Verdict
The CFD Society attempts to get you to sign up for their system by utilizing aggressive marketing tactics that play on your insecurities and emotions.
All you are going to end up with is just another bogus system that hasn’t any better of a chance in making you money than by simply flipping a coin.
Binary Options are an extremely risky way of making money and the CFD Society does absolutely nothing to alleviate this problem.
Stay away from not only the CFD Society, but Binary Options too!
Before you go, I need to ask you a few very important questions …
Are you searching for a GENUINE Online Business Opportunity?
Are you tired of struggling online and want to once and for all succeed by receiving first rate, step-by-step training along with everything you could possibly need to succeed wrapped up in a complete package? …And, did I mention that it’s FREE? Yes, FREE!
Here’s to your success!