There is a new scam being released to the web called the Dream System, or also known as the Dream Profits. We have access to this system and we came into conclusion that this product is just another remake of Rio Profits system. This is just another trap to lure anyone into losing money with unregulated binary options broker (more about that later).

 

 A little bit about binary options trading, in case you are new
Binary option is actually one trading system where you can pick one asset and then make money by choosing call or put. For example, if you think that the asset, EURUSD is going up, then you simply choose the amount that you want to trade, let say $10 and then choose call if you think that this pair is going up after one hour. Otherwise, if you think that this asset is going down, then choose put. 

If your prediction is correct, then you will gain back your initial capital, $10 plus profits being paid by the binary broker, $8. So, in total, you will earn $18 for this trade. Otherwise, if your prediction is wrong, then you will lose all $10. 

It is actually not gambling like being mentioned by some people, since there are things that you can manipulate, such as market conditions, indicators, charts and more. 

 

What Dream System is all about
If you browse to the Dream System website (dreamsystem.co), then you will realise that this system promised to make you $150,000 with this software. Well, this is actually just a fake claim. The Dream System is just being released so there is no way anyone already making money with this product.

 

Dream System is actually free to try
If you entered your name and email into the website, you can access this Dream System for free. In case you are curious, let us show how this software looks like:

As you can see, this is actually a remake version of other software we’ve seen before, such as the Rio Profits. There is no way to control your budget, and no other way to figure out whether one trade is going to be successful or not. All you are given are signals, whether to choose call or put. There is no way to control your budget, no indicators or something like that. 

 

In order to make the money or try this system, you need to deposit $250 into the broker account
As you can see from the screenshot above, you need to deposit at least $250 into the recommended broker account for this system to work for you. Otherwise, this program won’t be making you any money. We don’t know about you, but in our case, we need to deposit money to an unregulated binary options broker known as the Markets Trading.

A little bit about regulations and why you should care
You might not know about this, but there’s a huge difference between a regulated binary options broker and the unregulated ones. A regulated binary broker obtains a valid license, or should we say regulations from the local government. Think about it this way –  if you want to open a retail business in your city, you need to register with the local government to process payment and prevent fraud from your or your customer’s side. Otherwise, you cannot operate the business and process payments.

The same goes for binary options or forex brokers. Most forex brokers are regulated and so far some binary brokers already obtain their license and thus, regulated. However, the Dream System recommends an unregulated broker, which is not safe for anyone to trade and make the money.

 

We don’t recommend the Dream System to anyone who is reading this post
There are a few reasons why the Dream System gets red flags from us:

  • Unregulated binary broker. Like being mentioned, this program recommends only unregulated binary options broker, which is not safe to anyone to trade and even try their hard earned cash. A regulated broker will refund your money in case you want to process the withdrawal, but unregulated ones do not. In case you already deposited money into this broker or system, then good luck getting a refund.
  • No demo account. Newbie traders probably don’t know this fact, but any legit binary options broker will always provide their client with a real, working demo account first, before putting the real money on the line. The problem with the Dream System is the fact you cannot test their signals on a working demo account first, before putting your money on the line.
  • It is not created by real traders. Sorry to disappoint, but we don’t think that whoever behind this Dream System program are real traders. The reason is simple – there is no way to control your risk, no indicators, no candlestick patterns or something like this. This program is clearly designed to make anyone lose money with their fake signal service. 

Alternative to the Dream System product
Please, find a binary options broker or system that can be tested on a demo account first, before putting your real money on the line. There are tonnes of binary options brokers that provide free demo account first before you even depositing real money on the line.

We highly recommend that you try our #1 recommended system, Option Robot for one good reason – it works and it can be tested on a demo account first. Think about it this way – if one particular system or robot works like a charm on a demo account, then probably you will be able to make money from it with a real account. Make sense?

Find out more about Option Robot in this post.

The Management Software (managementsoftware.online) is a new binary options system that was released a few weeks ago. While the video could be convincing to some people, the truth is, this system is nothing but a scam.

Is the person who appears in the video, Christopher Fernard for real?
The short answer is no. He is actually a fictional character. In fact, if you scroll down to the disclaimer section of that website, you will realise that he is just an actor. Christopher Fernard is not even his real name.

Fake reviews on popular medias
On the Management Software website, you will find screenshots of articles about Fernard in popular medias like the CNN or Wall Street Journal. However, these are just fake reviews. All these medias have never published a single article about this person or Management Software.

Is the Management Software free to try?
Actually, the short answer is no. Yes, we agree that you can access this software for free, but in order to make the money, you need to deposit real money into the recommended broker. 

If you enter a name, email and phone number into the website, yes, you can access this system for free
If you are curious, we actually have the proof of screenshot of how this software looks like. This is no different than previous systems that we’ve seen before, such as the Snap Cash Binary or Vena System

Yes, as you can see, there are options that you can choose from, such as automated trading, signals and more. You can trade currency pairs, commodities, indices and stocks. 

We don’t think that whoever created this system is real traders/investors by the way
While we agree that this product is designed by professional marketers and programmers, we can also tell that they don’t know what they are actually doing. In other words, this product is not created by real traders. The reason is simple – there are no common indicators, such as candlestick, stochastic or more which are commonly being used in trading currencies or perhaps stock markets. 

Can anyone make money with the Management Software product?
Of course not. This system is designed to make you lose money. There are no settings to control your budget, or perhaps using the right indicators that matched the market conditions.

How to profit consistently from trading?
If you are a newbie, then probably you don’t know that some binary brokers offer a demo account. Yes, just like the name implies, a demo account is a trial version of any trading account, where new traders will be given thousands of fake money to test, make mistakes and then repeat the process until they profit from it consistently. 

In other words, never deposit your hard earned cash until you are 100% ready. Think about it this way – if you can profit consistently from a demo account, then probably you will do the same once you’ve deposited real money into the broker account. Make sense?

Is there binary options product that comes with a demo account?
The short answer is yes (and that’s a good news). However, there is not many of them. For more information, you can take a look about this program here

There is a new hype surrounding the binary options niche called the 30K Challenge. The concept of 30K Day Challenge is nothing new and this is actually just another scam to trap anyone into purchasing another push button software. It is presented by Joey Altair, someone who claims to be the creator of 30K Challenge system. 

Whoever this Altair person is, he is not even a real person. In fact, he is just a fictional character made for the purpose of this video. In fact, the image of Joey Altair is actually pulled from stock photo images. 

Is there a potential in 30K Challenge?
The short answer is no. While there could be a huge potential in the binary options trading niche, too bad the 30K Challenge is not going to get you anywhere. In fact, this is just another trap to lure you into signing up for another binary options broker and then make you lose times and times again.

Did you curious about the 30K Challenge program? We actually have access to this app
Yes, this software can be accessed for free, as long as you enter your name, email and a phone number into the website. However, once you are inside, you need to deposit at least $250 into the recommended broker account and this is where the problem begins. 

What we are trying to say here, is the fact 30K Challenge software is going to auto trade for you, but even worse, it will drain your money and make you lose as fast as possible. Plus, this software is clearly created by some programmers and not traders who don’t know what they are doing. Let us show you how this app really looks like:

As you can see, there are no settings to control your budget, no indicators involved and nothing that can show you whether the signal is valid or not. In other words, while we believe that the creators of 30K Challenge are good when comes to software programming and also marketing, we also believe that they haven’t made a dime from trading, whether forex or binary options trading. 

How does a real trading software look like?
To be honest with you, 99% are complete garbage and made for people who want to make lazy money online. Learning how to In case you are curious, a good trading program must include indicators such as RSI, stochastic, moving average and more. These are some of the most common indicators being used to trade stock market and forex. 

What if I still want to try a trading software?
We highly recommend that you find programs that can be tested on a demo account first. You might still new to this, but a there are tonnes of binary options and forex brokers offering a free trial version of trading accounts, known as the demo accounts to their clients. 

A demo account is a version where you will be given fake money, perhaps thousands of dollars to try any strategy and profit from the market. Yes, the next time you want to choose a binary options robot or perhaps a forex robot, please test those on the demo account first, before putting your hard earned cash on the line. 

30K Challenge doesn’t come with a demo account
In case you are wondering, the 30K Challenge app doesn’t include a demo account to their traders. In other words, once you are inside, you need to deposit money into the broker account (yes, real money) and then let this software trade for you. Or you can also trade the market manually, but too bad this product doesn’t have some kind of training videos to help members learning how to trade and profit from the market from scratch. 

If you are looking for a real, legit way to profit from binary options, 30K Challenge is not the software that you should go for. We highly recommend that you check out our #1 recommended software here (free to try with a demo account).