Vega System is an over hyped binary options program created by Marc Vena. This is nothing new, there are already tons of such systems before and most of them doesn’t even work.
Can you really make $210,000 per month with Vena Systems?
The short answer is no. Like being mentioned before, this product is basically about binary options trading. In case you are new to binary options, it is actually one method where anyone can make money online by choosing one asset, let say EURUSD, and then make the prediction, whether to choose call or put.
For example, if you think that this asset is going up, then choose call. Otherwise, if you think that it is going down, then choose put. If your prediction is right, then you will be paid 85% of your initial investment. For example, if you choose to invest $10, and your prediction is right, you will be paid $18.5. The $10 is your initial capital and will be returned back to you, while the rest is paid by the binary broker.
As you can see, there is no way you can make up to $210,000 per month with this system, unless if you bet tons of money per trade.
I’m curious here. Show me the dashboard of Vena System
Sure. We have the access of the dashboard and this is how Vena System looks like. Like being mentioned in the venasystems.co website, this software is free to access, as long as you entered the correct email and phone number into the website.
How to make money with Vena System? Is it really free?
All you need to enter is your name, email, phone number, and password. And then you will be taken to the member’s area like being shown above. Yes, the member’s area is free to access, however, in order to make this system works for you, you need to deposit at least $250 into the recommended broker account (and we don’t recommend that you do that). In other words, it is not really free. You need to deposit $250 into the broker account to see how this program works.
Is there money back guarantee with Vena System?
The short answer is no. The problem with binary options systems like Vena System and tons of other binary options products which we’ve reviewed before is the fact it recommends an unregulated broker. In other words, they are not a real broker. They are just fake companies.
In case you didn’t know, there is a huge difference between a real, regulated broker and fake ones. A regulated binary or forex broker will have some kind of license from the local government, such as CySEC (Cyprus), ASIC (Australia), FSA (UK), FFMS (Russia) and IFSC (Belize). Their license numbers will be mentioned right on their own website and you can check those government websites for confirmation.
Unregulated broker, on the other hand, is not yet licensed. Whether they will be licensed in the future, or perhaps they are not going to have one at all. Either way, we recommend that our readers stay away from unregulated brokers at the moment. Professional traders will always choose a real, regulated forex or binary broker.
The broker associated with Vena System
You will be assigned with different kind of binary broker with the Vena System, depending on your IP address. In our case, we were directed to Trade Xtra, which is not a regulated broker. We cannot find any license number on the Trade Xtra website.
Alternative to Vena System
We highly recommend that you test our #1 recommended app, Option Robot. What makes Option Robot different is the fact you can test it on a demo account first, before putting real money on the line.
Just like the name implies, a demo account is actually a platform where you can test certain robot/strategy first with fake money before putting your hard earned cash into the broker account. Yes, you will be given fake money first, before you can see whether the app is working on real account or not.
Final verdict – We don’t recommend Vena System at all to our readers
The Vena System is just another trap for newbies to sign up for another fake binary options program. Binary options is actually a new industry in the make money online niche, and it is going to get bigger in the future. However, too bad, products like Vena System tarnish the name of this industry and ripping off newbies who don’t know what they are doing.