Today I’m taking a closer look at a new signal software being promoted by Sam Maxwell, FinCrowd. This binary options signals service is promising an 89.7% success rate, which is extremely high, so we have to be very cautious to ensure that this isn’t a get rich quick scheme. The sales page looks very slick, and professional, but there are quite a few elements that need to be called into question.
The location of Maxwell’s headquarters is not provided, and there doesn’t seem to be a contact email address either. So, I’m not sure if support is even an option. This is not a good sign. For all binary options products and signal services rated in one place go here.
The first thing we see when we come onto the sales page is the headline “you could make in a month what you make in a year!” This attention grabbing style of headline always strikes fear with me, because it’s so often associated with schemes and tricks. This FinCrowd review contains a healthy dose of skepticism, and it’s rightly so. Now, let’s take a look at some of the features.
- Award Winning System. They claim that the service has won over 20 awards, for client safety, satisfaction, usability and trading signals. Yet, the service is just being released, so this isn’t possible.
- Responsive & Friendly. Their “One-Click Auto-Trader allows users with no experience to easily operate FinCrowd for their benefit.”
- Secured Trading. They claim to work with only the top binary options brokers. I tried seeing what brokers they use, but every time I put my email in, it just refreshes the page over again.
- Results. They claim that the best way to measure their success is by the results of their clients. However, they don’t provide us with any trading results, or account statements to look over.
How It Works
Despite the real lack of content on the FinCrowd website, there is still a handful of spelling mistakes that attacks their credibility. That aside, let’s look at how this is supposed to work. The concept is simple, they do the research, you get the trades and have to do nothing to profit. Sounds simple enough, but it also sounds, too good to be true.
One thing that I really like to do in my reviews lately is look at the disclaimer provided by the development team. In this case, the FinCrowd disclaimer is evidence that this service cannot be fully trusted.
Over 99% of the conent on the sales page comes via a YouTube video. There are many headlines and graphics in this video that say things like “Britany Mann, Actual FinCROWD Trader earns up to $20,000 per month.”
The problem with this, is in the disclaimer. Which reads “sales video is fictitious and was produced to portray the potential of the FINCROWD 3rd party signals software. Actors have been used to present this opportunity and it should be viewed for entertainment purposes.”
The disclaimer alone is enough evidence for me to avoid the FinCrowd service. As much as I would like to give every system like this a shot, there are so many, and a disclaimer that tells me that everything is for entertainment purposes, does not leave a good taste in my mouth. It’s unprofessional, and deceitful. My rating today is a mere 1.4.
Thank you for stopping by, and let me know if you have anything you would like to add.