Today we are going to review a new binary options scam called “TradeFusion”. It is presented by Timothy Marcus, who claims to be the CEO of TradeFusion Systems and producer of CNBC’s Futures Now segment.
Marcus says that his company produced a binary options trading software that has a 92.3 % success rate. To mark the 100th episode of Futures Now they give away the TradeFusion app free of charge.
According to Marcus, Trade Fusion is 100 % guaranteed to make you wealthy, it will make you thousands of dollars per week. The free trial period is 90 days and over that period users make up to $50,000.
And finally, Marcus also claims that big banks like Morgan Stanley, Golmand Sachs and Barclays are already using this app.
TradeFusion is an ordinary scam
This story sounds too good to be true and it is not true. Because in reality this is a scam and your money is at risk.
Timothy Marcus
Marcus claims to be the CEO of TradeFusion and producer at CNBC. But why is that we cannot find his name anywhere except in TradeFusion’s reviews (many of them are false) from the last few days? It is because this Timothy Marcus is a fictitious person and there is no Trade Fusion Systems company.
CNBC
In the video you can hear Marcus saying that TradeFusion’s initial launch was covered by Business Insider, Forbes and CNBC.
Well, this is easy to verify and guess what? Not a word about TradeFusion on these three web site. Check yourself or look at the image on the right. So again a big lie.
Account statements
At the beginning of the video you can see some screenshots of binary options trading accounts that are supposed to prove how TradeFusion users make money.
But these images have been faked. Look at the Banc de Binary image on the right. Dates do not match. The ribbon normally shows dates of future (not past) news announcements, there are December dates, but on the top there is a January date.
Not free
Marcus says that TradeFusion is 100 % free of charge. Again a big lie, because you will get access to the app only if you deposit at least $250 with their broker.
So TradeFusion will then be trading with your own money and it will lose it. But it does not matter to these scammers, because they will have earned their affiliate commission from their broker for bringing in a new client. This is how binary options scams work.
Terms and Conditions
And the usual thing that sums it up all. In the video you can hear many times that your profits and wealth are 100 % guaranteed, but if you are careful and read the Terms and Conditions, guess what you will find?
That you should expect that you will lose money with TradeFusion!
At least they admit it somewhere…
Conclusion
TradeFusion is an ordinary scam that wants your money. But the shame is on scammers, not on binary options that are a legitimate trading tool.
The safest way to experience binary options trading is to try a free demo. In demo trading you will clearly understand how binary options trading work and if you are able to build a profitable strategy that is needed to make real profits with real money.
