In this review we are going to have a look at a brand new binary options scam called “The Amissio Formula”. It is presented by Craig Phillips, founder and CEO of Amissio Holdings.
What is it about
Phillips claims that eight years ago he quit as senior trading supervisor at one of the top investment banks in the world taking with him four of their best traders and together they created the AmissioFormula.
According to Phillips the Amissio Formula is a no loss trading software that hasn’t had a single losing trade in the last two years. And it generates between $50,000 and $200,000 per week to each user in trading binary options.
This software allegedly made millionaire every tester from the 2014 beta testers group. And now you can get free access to it too, because they are opening doors for a new group of 50 more people.
The Amissio Formula scam
Craig Phillips is a paid actor and the Amissio Formula is a scam abusing binary options. Let’s see the proofs.
Amissio Holdings
Phillips says that he started his own company Amissio Holdings in 2008, but we could not find any company of that name in the United States.
The only Amission Holdings that we could find is a company registered in Cyprus from 2010. And it is not an investment company, so this company cannot legally trade binary options.
Fake trading demo
In the video Phillips shows an allegedly live trading session when he deposits money in his trading account. To prove that the video has not been faked, he shows The New York Times web site from that day (February 24).
But the problem is that on The New York Times web site you can see an article published in the afternoon, meanwhile the Amissio Formula trading app shows a morning time. So a fake.
Fake account statement
In the video Phillips shows his supposedly new account growing from the initial deposit of $250 to $6750 in just one day.
But the problem is that the Amissio Formula app shows profits of $6750, so together with the initial deposit the final balance on the trading account should be $7000 (6750 + 250).
So it is obvious that the statement was faked, scammers obviously still don’t have a clue about how binary options trading work.
The Amissio Formula trading app
And here is the best proof that we are facing a scam. The real Amissio Formula app is in fact the most used app by binary options scammers.
Look at the picture on the right, it has been used in many scams like Tauribot or Medallion. Every time they just change colors and the logo.
All the scams that used this app made people lose money, we have a lot of feedback on that in discussions under our reviews.
(Don’t) put away your credit card
The usual lie that scammers use is about their system being free, the Amissio Formula is no different. They always say: Put away your credit card, put away your wallet. But in reality the first thing you will have to do after you sign up is to deposit at least $250 with their broker.
So you have to invest your money, otherwise you won’t get access. And if you do it, the Amissio Formula will lose your deposit in trading. But scammers will get paid by their broker for bringing in a new client…
Conclusion
The Amissio Formula is another scam that is hurting the reputation of binary options. And this is sad.
If you want to see how binary options trading really work and how money can be made with binary options, try a free demo. Then you’ll see what is it about and what you have to learn in order to be profitable.