The web is full of fake trading software and in this article, you will find out why The Cobalt Code, which guarantees $15,000 per day is also a fake software.

The fake testimonials
The Cobalt Code website comes with 52 minutes of the video presentation, and it is started with the testimonials of The Cobalt Code users. All of them shared how much they have earned using this system in a day, 7 days and the amounts sounds like $90,000 in 5 days, $17,000 in one day, $23,900 in 2 weeks and so on. Don’t fall for this trap guys. All those testimonials were fake actors.

This software is actually not free
Did you believe that this Cobalt Code software is given for free? The short answer is no. While you can access the member’s area of this app for free, but you cannot see how this software works, not until you’ve deposited real money into their recommended broker account, which is not recommended by the way.

Is Grant Stone for real?
After those testimonials, the creator, Grant Stone takes over and start explaining about his fake trading app and why you should join. According to Grant, The Cobalt Code system is 100% automated, and all you need to do is just to click the button and start making the money.

In the video presentation, Grant mentions that he has made around $217 million in the past 11 months. This statement is actually a big lie and by checking the domain registration of this software, we found that the official website registration date was on 19 April 2016, in other words, around four months ago.

The question here raised in our mind that if the site of The Cobalt Code software is developed around four months ago, then from where these 23 users of the Cobalt Code earned that much profit? Now, this forced us to think, that something is there which he is hiding from us.

Trusted and verified by big banking corporations is fake statement
How many times we have shared this in our reviews that it is impossible to earn this type of huge profit in one day using a binary options trading software. These types of offers are provided by fake trading software just to grab the attention of the innocent users who don’t know much about these scammers.

We have also checked the association between these big banks and The Cobalt Code app and didn’t find a single endorsement. Now, this confirms that Mr Grant is again sharing misleading information which is a terrible thing.
Earning $15000 in a Day is Big Lie in Binary Options
It is highly recommended to stay away from binary trading software like The Cobalt Code app who assure you around $15000 or more profit a day.

If you check the official website of The Cobalt Code software, then you will see a section where you will find that this trading software is trusted and verified by some big banks. Now, this is an entirely misleading statement. We all know very well that big banks like Bank of America, Citi Bank, Deutsche Bank, HSBC, and Santander will never be associated with any auto trader software to make a profit.

Cobalt Code is actually not even free
You might not know this, but these binary options app are usually being advertised as free. The truth is, they just want you to enter the real name and email address and then you will be directed to a broker page where you need to sign up and deposit money. However, that is where the problems begin. This software will automatically trade for you and then you will lose money.

Our verdict – stay away from The Cobalt Code
While there could be legit binary options programs out there, The Cobalt Code is totally a scam and it is not worth your time or money. We don’t recommend The Cobalt Code to anyone who is reading this post.

How to choose a good binary options software or broker
If you want to make money for a long term, then consider learning technical analysis about trading and investing. This should help you earning more money in the long run.

However, if you are just getting started, then a binary options software or trading robot could help. We have made our research and found that Option Robot is the best software for automated trading. For a few reasons:

  • This software can be tested on a demo account first. You might not know this, but most of the legit binary options programs out there can be tested with a demo account. Just like the name implies, a demo account is a free trial version where you will be given fake money to try the trading robots and strategies and generate profit from it. You don’t need to deposit real money until you are ready.
  • You can choose whatever broker that you like. No need to stick with just one or two brokers. And yes, they are regulated.
  • This software works on indicators such as MACD, stochastic and more. This is different from fake auto trading software where you will be given just a simple dashboard and then there are no settings on how to trade and profit from it.

For more information, you can log on to Option Robot review page or you can click here to open a demo account with Option Robot.

Profits Infinity 2.0 is a complete scam app for binary options and we are ready to review and fully exposed this dangerous auto trading app. If you think that you are going to make up to $3,000 per day with Profits Infinity 2.0, then you are completely mistaken. That is just another hype to sell another binary options software. 

Binary options – what is it?
Unless you live under the rock, you should realise that people already making money online with both stock market trading and currency trading, known as forex trading. In forex trading, for example, you need to set the stop loss, take profit and gather as many pips as possible by using the same amount of capital known as margin.

Binary options, on the other hand, is different. You don’t need to learn all those technical analysis stuff like in forex. You don’t need to know about taking profit or stop loss. But yes, there is a risk in this business model. 

For example, let say you think that the asset EURUSD is going up after one hour, then simply select the amount that you want to trade, let say, $10 and then choose call. Otherwise, if you think that this asset is going down, then choose put. If your prediction is right, you will earn $18. In other words, you will get back the $10 plus profit, paid by the binary broker. Otherwise, if you are wrong, then, you will lose all $10. While some people might think that forex is better, actually it depends. Sometimes binary options is easier than forex or stock market. 

Enter Profits Infinity
The Profits Infinity software is created by a chap named Mark Bramovich. It claims that you can make up to $3000 per day with this program. That is actually just another hype to promote and sell you this product. And then, there are more fake claims at the web form of this website, such as zero losses since 2014. This statement might differ depending on your browser. Now, let’s get real here. If you are into trading for 2 minutes, there is no way you can achieve that kind of success. There is no auto trading software that can guarantee zero losses for its users. 

Did you know that you need to deposit money into the recommended broker?
One of the most common traits of this scam is the fact it is advertised for free, but in order to trade, you need to deposit real money from a valid credit card into the recommended broker. We don’t know about you, but in our case, we are directed to an unregulated broker. 

You might not know this, but there’s a huge difference between a real, regulated binary options broker and unregulated ones. A regulated broker is licensed, meaning that once you’ve deposited money into the trading account, you can withdraw back, no questions asked. Unregulated ones are different. Even if you are able to withdraw, it will be lots of hassle to negotiate with the broker. 

Another problem with software like this is the fact you are not provided with a free demo account. Yes, trading with a robot or software is already risky, but trading without testing it on a demo account is even riskier. A real trading robot must allow you to test the strategies and settings with a demo account first. As a new trader, you cannot avoid from making mistakes and that’s where a demo account comes into play. 

$300 Bonus Trap
The $300 welcome bonus is provided for all members registering with ProfitsInfinity.com. While this might sound generous, but in reality, bonus is a trap for beginners who know nothing about online trading. For one thing, by adding more bonus into your account, you will double up your capital for free, but in the end that will make you overconfident and trade carelessly. You might want to invest too big for every single trade that will double your risk. 

Another bonus trap is the fact that newbies don’t realise that these bonuses are not for free. You need to trade several times in order to withdraw your fund. This is actually one of the most common tactics used by binary options brokers to avoid clients from refunding their money. 

What is inside the Profits Infinity 2.0 dashboard?
We are unable to reach the dashboard of this app due to a technical problem, but we can see some of the settings in the main video. The left section of this software, which is pulled from the main video, is quite similar to other software we’ve seen in the past. It is designed so simple that anyone can understand this program in 2 minutes, but that is just the beginning. Once you’ve started the auto trading feature, this program will start to trade for you and then in most cases, you will lose money quickly. 

 

 

Our verdict – This is just not worth for your time and money
We highly recommend that you stay away from Profit Infinity 2.0 and other similar binary options scams in the past. The next time you want to choose a real, working binary options, please, find a software that can be tested on a demo account first, before you even depositing real money on the line. In case you don’t know what a demo account is, it is actually a trial version of the trading platform where you will be given fake money to trade until you see positive results with one particular software or strategies. 

Also, unless you have more experience in trading please avoid from taking bonus offer from binary brokers. That is actually just for experienced traders, but not for newbies. 

Alternatives to Profits Infinity 2.0
There’s a few trading software that can do the same, even more than Profits Infinity does. Even better, it is actually free to try with a demo account first, so no doubt, you can make mistakes and loses as much free money as you can with a demo account until you are ready to trade with you hard earned cash. For more information, check out our #1 recommended software here, Option Robot. Otherwise, feel free to check our top recommended list

 

The Profit Ball system is a brand new trading app made by Terry Mason and Joshua Ethan. Just like any other over hyped products we’ve seen before, the Profit Ball website uses fake actors to represent their companies and sell the software to the public. 

This is actually a high risk, high return business model
The Profit Ball system is actually about binary options trading. This is a trading system where you can choose call if you think one asset is going up, or choose put if you think that the asset is going down. Unlike other business models, binary options is actually a high risk, high return business model. In other words, you will earn the amount 85% of the amount you’ve invested at the early of your trade. 

In other words, you will earn the amount 85% of the amount you’ve invested at the early of your trade. For example, let say you decided to trade $10 at the beginning. After one hour, you will be paid $18.5 if your prediction is right. Otherwise, if your prediction is wrong, then you will lose all $10. 

Can you really make $1000 per day with the Profit Ball system?
If you look at the Profit Ball website, you will realise that it guarantees $1000 per day for its users. That is actually just a fake claim. If you study the binary options business model properly, you should realise that there is no way you can earn that kind of money, unless if you’ve deposited tonnes of initial capital into the broker account. 

Is The Profit Ball free? 
The concept of offering something for free is actually not new. In fact, the majority of people who surf the web every day are just freebie seekers that they want to avoid from buying anything.

Well, just like other products we’ve seen before, the Profit Ball dashboard is actually free to access, but in order to make the real money, you need to deposit money into their recommended broker. In case you are curious, this is how the member’s dashboard looks like:

This pop-up appears right in front of your browser, as soon as you’ve entered a real email and phone number into the website. We cannot see how this software looks like since the instructions above distracted us from seeing the real member’s dashboard. If you still want to see how this app looks like and make the money from it, you need to deposit money into their recommended broker (which is a bad idea by the way). 

About the binary broker, in case you are new
You might already know this, but in order to make these kinds of software works, you need to deposit money into their recommended broker account. Otherwise, you cannot trade and make the money. 

All online trading requires some kind of broker account in order to trade and the same goes for binary options trading. However, keep in mind that a real broker must be regulated and has some kind of demo account provided to their clients. 

All traders, whether newbie or professional will tend to make some kind of mistakes, which is quite normal in life. In other words, if they start trading, they will tend to lose money. This is where the trial version of trading account, known as the demo account comes into play. In other words, you will be given fake money, and then make as many mistakes as possible until you can come up with real strategies and go live. 

The problem with the Profit Ball software is the fact that with this type of account. You are not allowed to test the software with fake money first, before depositing real money into the account. This is in fact, another red flag for us since there is no way a software can guarantee 100% in the money rate (ITM). 

Want something which is really free to try?
The Profit Ball is just another binary options scam and should be avoided at all cost.  You might not know this, but a real honest trading robot must allow their users to test the strategies on a demo account first.

The good news is, there’s already tonnes of real binary options software that can be tested with a demo account first. In other words, it is really free to try and not just another fake claim.

However, yes, you need to deposit real money into whatever broker that you are using, when you are ready. Binary options trading is a business and thus require some capital to get started. For more details, check out our recommended software in this post