Dubai Lifestyle App has risen to the top of the list for the biggest binary options scams for 2016.
When they software was released on July 6th 2016, we didn’t think anyone could actually fall for such a poorly designed software, but we were wrong. Apparently there are enough newbie uneducated people who don’t know the truth about real binary options trading.
Dubai Lifestyle App Trick
The way a software like Dubai Lifestyle App works is simply a numbers game. They firmly believe that if you send spam emails to millions of people, there are enough suckers who will try it out and quickly lose their $250.
As P.T. Barnum once said;
“There’s a sucker born every minute.”
You can see at the binary options forum the problems naive investors are having trying to get their cashback, from fake binary options brokers.
Dubai Lifestyle App Scam
The biggest problem you will never hear about with a software like the Dubai Lifestyle App, is that they only use offshore, unlicensed, shady brokers that do not allow automated trading robots. You would never know this, because you didn’t read the brokers terms and conditions page.
So even if this trading system by a fluke chance makes a profit in your account, you will not be able to withdraw the money. Other fake brokers will put terms on the money that it must sit at the broker for 6 months. Most unlicensed brokers go out of business withing 3 months, taking your money with them.
Don’t Believe What They Say!
“Be One Of 100 BETA TESTERS To Profit From The DUBAI LIFESTYLE APP”.
More than 50,000 people have already signed up for the product, and thousands of people have already lost their money to it.
Wake Up & Do Your Research
Before using any binary options software or binary options broker, you should read the reviews on ScamBroker.com. They are the only broker reviews website with accurate information.
Another thing to do is ask 3 friends to look into for you, and see what they say.
Fact: 90% of people lost their money trading binary options, only because they used a fake broker. People who use a real broker, will be able to withdraw their profits.
Real Forex Brokers
The majority of brokers you find online do not have a license, and are basically a scam broker. Look here to see the updated list of popular licensed brokers.
Only 15 or 20 companies worldwide are licensed and regulated as a binary options broker. They are scattered around in countries like; Australia, United States of America, Singapore, Cyprus and South Africa.
Look at these brokers:
- Australian investors usually use Plus500
Real Trading Software
The real high speed trading robots for binary options have many customization features. These robots will allow you to choose your own broker, select which assets the software trades, employ multiple technical indicator trade strategies, and have daily stop loss or take profit settings.