This SnapCash Binary review as inspired by one of the newest binary option traders/auto-traders launched this year, one that takes an entirely different approach to getting its users into the money, so to speak. We here at Anonymous, never endorse or promote any of the systems that we review, and because we have no affiliations, we can afford to serve up the raw truth, the way we see it. SnapCashBinary.com has been getting some great press lately, and its user-feedback has been stellar as well. That piqued our curiosity, prompting us to take an actual peek behind the scenes and to give this software a real money try. Make sure you read this review all the way to the end, as it is a very accurate reflection of how our opinion fluctuated in regards to this operation, and how we eventually made heads and tails of the often conflicting impressions we experienced.
What are SnapCash Binary’s claims? The person behind the SnapCash Binary software is a programmer called Austin Ford, who – also being an avid trader – combined his two passions into an effort which – at first by accident – allowed him to consistently generate profits off markets, through binary options trading. The claim made at SnapCashBinary.com regarding the daily profits one can achieve through the system, is bold to say the least and thus not exactly trust-inspiring. Ford says that his software allows retail traders to circumvent brokers and to gain access to more trading opportunities. The software itself, which is apparently at its best as a mobile app, pops such trading opportunities onto the user’s screen, giving him/her the choice to accept or to reject the trades. In this respect, SnapCash Binary works a bit like SnapChat, the messaging app, which is indeed referenced in its name. Like SnapChat, which purges messages after they’re read, SnapCash Binary does away with the denied trading opportunities for good.
- Note that while the SnapCash system does have an Auto-Trading Function too, the fact that it gives its users a say on which trades to be executed, makes it quite unique.
In the intro video on SnapCashBinary.com, Austin Ford takes his software to the streets, handing it over to two random strangers, to give it try. He also gives them $250 each, to begin trading. Nowhere along the SnapCash Binary promotional chain is the claim made that users won’t have to make a real money deposit. While indeed it is common sense that such an initial investment is needed to make money, most scammers out there simply flout it, looking to make their propositions more attractive. In this respect, SnapCash scored a trust-point with us: you do have to make a deposit with the system and you do have to put your own money onto the line. The said promotional video insisted a little too much on the affluent lifestyle of the creator of the software though. Whether or not he’s made his fortune through SnapCash, it struck as “trying too hard”, when the camera insisted on the Aston Martin logo of Ford’s car and on the lavishly decorated pool/water fountain in his back yard.
How easy is it to set up and to operate SnapCash Binary? Registering for the software and setting it up works the same way it has for every binary options Auto Trader since the beginning of time. One gives his/her information through a registration form, even as Austin Ford offers direct guidance through a second video on the registration page. Once set up, one can set SnapCash Binary to Auto-Trading mode, in which case it will go about its trading (and profit-generating) activities without further human intervention. To say that no special skills and knowledge is needed to operate the software is therefore an understatement. The aggressiveness of the trading can be set through the interface (and we recommend keeping things conservative in this respect – at least in the beginning). Outside auto-trading mode, the trader will actually sign off on every trade, so risk-management takes on an entirely new meaning/dimension.
What can SnapCash Binary truly deliver profits-wise? At one point during the members introduction video, Ford mentions something about a 90%+ success rate with SnapCash Binary. From personal experience, we can say that he exaggerated there. We used the software conservatively and we didn’t really hit above 70%. Results-wise though, we were still impressed and our numbers seemed largely confirmed by the available user-feedback. Because we do have quite a bit of trading experience and a sort of natural apprehension regarding auto-traders, we opted for the “manual” mode, coupled with the most conservative money-management mode. For a complete beginner however, auto-trading is probably the recommended way, though money management caution should still apply.
What makes us certain that SnapCash binary is not a scam? Simple. While the promotional efforts of the SnapCash Binary team do seem to go overboard here and there, we just made a deposit and gave it all a try, convinced by the feedback we found out there, rather than by the video itself – which is well put-together by the way, featuring quite outstanding production values. We do not have any kind of a horn to toot here, therefore going for the jugular by making a deposit and actually taking the software for a spin, always makes sense for us. The $250 minimum deposit is indeed reasonable enough to allow for this kind of review-approach.
According to Ford, the SnapCash Binary code is continuously updated and optimized, to keep up with the changing market conditions. This is one of the reasons why users should make sure they provide a good email address, because they will receive all the updates trough this email. The power of SnapCash Binary is in the trading algorithms it uses and as such, it requires constant tinkering and fine-tuning. The manual mode of the software does give traders control over what happens, potentially alleviating the problems caused by unexpected major events with high economic impacts.
The conclusion regarding SnapCash binary can only be one: the trader works, although we don’t really understand the inner workings of the algorithms it allegedly uses. SnapCash Binary is definitely not a scam. One should not expect success-rates in excess of 70-72% however, as that seems to be the current limit of what it can accomplish. That’s impressive as it is though and given how it’s always updated and tuned, it may yet improve further in this respect.
Benefits of using the SnapCashBinary.com software:
- Easy and fast set-up.
- Unique way to approve or reject trades suggested by the system.
- Automated Trading available.
- Impressive and very real success-rates.
- Superb compatibility.
- No experience needed on the part of the user.
- Attractive minimum deposit.
Have you given SnapCash binary a try yet? If so, what are your impressions of it? We strongly encourage you to share your feedback below this SnapCash binary review, as there’s no better way – short of actually making a deposit and trading with real money – to assess the nature and quality of an auto-trader than through the community buzz it generates. Lend us your thoughts and help us paint a better picture of this deal for those who can’t afford to risk money in order to learn whether or not they’re dealing with a scam.
BinaryoptionsAnonymous.com Approved Software!
Our main goal at BinaryoptionsAnonymous.com is to expose fraud sites, but every now and then we encounter a successful and honest offer such as SnapCashBinary.com. If you need any help fighting scams or brokers that misled you and caused you to lose money, please contact us at BinaryoptionsAnonymous@gmail.com. Here is a complete list of Binary Options Scams. We also hope that members will share their results with us below this review. Good luck with any direction you take and to all new day-traders.