If you have received an invitation to join the 300 Dollar Trade System, or you may have seen it being recommended online, you must read this review. You might think the offer of $300 just for signing up looks too good to be true, and the question has to be asked: “Is 300 Dollar Trade a scam?” Read our honest 300 Dollar Trade review to find out why it is a scam and how we know that it is not a reliable money making system.
What Does 300 Dollar Trade Promise to Do?
There is very little information available on the 300DollarTrade.com, just a video presentation that promises to give you $300 for signing up and then you are offered professional support in real time from Jack Emery, an accounts manager at Olimp Finance.
Olimp Finance is a company that provides a user-friendly platform for binary options trading. This platform has been created by a team of experts with years of experience in the financial markets. They have made it easy for traders of all types to invest in binary options.
According to Jack Emery, with his help you will become wealthy in just one week if you follow his 300 Dollar Trade System.
What Actually Happens When You Sign Up for 300 Dollar Trade?
It takes just three easy steps to get started. There is no download required to gain access to the free 300 Dollar Trade software. Anyone who signs up will be able to use it within minutes for binary trades in currency pairs, commodities, indices and stocks.
The software generates 300 Dollar Trade signals to indicate when it is the right time to trade. Unfortunately the website does not give any real information about the financial analysis behind the 300 Dollar Trade System or the accuracy of its trading signals.
Before you can access the trading software from 300 Dollar Trade, you will be required to open an account with Olimp Finance to use with the software. This account is where you will receive your $300, as promised by Jack Emery, but you do need to read through the extensive Terms and Conditions, from the link at the bottom of the website, to see exactly what this involves.
In the Bonus section of the T&C page it is stated that there is a requirement to trade 30 times the bonus amount before you withdraw any money from your trading account. This requirement begins when you receive the bonus payment in your account and the bonus is subject to cancellation if your account balance drops below the level of one trade. What this means is that before you withdraw any funds you will have to fulfil the trade volume requirement or you will lose the $300 bonus. Total trades of $9,000 will therefore be necessary in order to receive your $300!
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Proof That 300 Dollar Trade System Is A Scam !!
Even before we started our investigations for this 300 Dollar Trade review, we were very suspicious about the offer of $300 just for signing up. When we completed our review investigations, we found many warning signs that 300 Dollar Trade is a scam. We give you all the true facts in this review, because we would not want anyone to get involved in a scam that is designed to take money from inexperienced traders.
Jack Emery keeps saying in the video that he has your money and he wants to give it to you right now. You will only discover the truth if you click the Terms and Conditions link and read the page closely. Most people will not bother to view this page, but it is important to understand that there is a financial risk when you start using this scam trading software.
There is a big badge on the 300 Dollar Trade website which indicates that there is a 100% Money Back Guarantee. You might think this makes it safe to go ahead and join, but it does not guarantee anything. The software is free to use, so there is no initial cost to refund, and the money you place in your new trading account could all be lost on unreliable trades.
It is stated in the small print on the Risk Disclosure that you could sustain a loss of some or all of your initial investment and therefore you should not invest any money that you cannot afford to lose. In legal terms it is made clear that there is no guarantee of making money and you are responsible for your own losses. This proves that there is no such thing as a Money Back Guarantee from the 300 Dollar Trade scam.
The testimonials on the 300 Dollar Trade website are not genuine. These feature false names and photos from other sites. In the video Jack Emery claims to be employed by the company that is providing the trading platform for 300 Dollar Trade, but almost everything that he says in the video is contradicted by their T&Cs!
A street address for Olimp Finance is shown at the end of the Terms and Conditions and Risk Disclaimer page. Our investigations for this review have revealed that 31 Southampton Row in London is a business center offering an accommodation address service, communication services, mail forwarding and virtual offices. Many businesses use it as their address, without being located there.
The signing up process requires that you give your telephone number. In the video it is explained that the reason for this is so Jack Emery can give you personal support. It is much more likely that your phone number will be used to persuade you to deposit money in an account. Olimp Finance will want you to join more of their programs, such as the Refer a Friend Bonus scheme, affiliate program and promotions for additional bonuses, all of which will require you to keep risking your money by trading with the 300 Dollar Trade System!
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Our 300 Dollar Trade review has found no verified information about the accuracy or reliability of the system. It is a scam that offers you money to sign up. It then ties you into trading large amounts with an unproven binary options system which could result in the loss of your entire investment.
With that being said, there are a few Binary Signals Softwares which actually works and make you money trading. You can check our Recommended Signals page to know our top 5 systems which we ranked according to the test results and audience feedback. Also go through the Binary Options Scams page and make sure that you haven’t signed up with any fraudulent offers.