Spectrum 7 Technology Review – Irrefutable Scam Evidence
Spectrum 7 Technology is nothing but an old scam fluffed up with a fresher coat. The Spectrum 7 software is aimed at collecting a fresh batch of victims with minimum effort possible. Binary options trading, is sadly once again under attack by scam developers. Read this full and impartial review to understand why your investment will be lost with the Spectrum 7 Technology scam.
The website under investigation for scam today is Spectrum7.co
The Spectrum 7 Technology developers have been particularly shabby about the presentation of this scam. There is very little effort made in explanations on how the software works. It is just a lazy scam aimed at innocent victims in binary options trading.
The presentation video is particularly moronic. It is just a narrated video with sub-titles, and is probably a home-made job by some wannabe scammer.
The fresh approach to engage beta-testers instead of saying outright, that they are looking for as many new depositors as possible, is also passé. Do not go away with the idea that you can make $1500 per day or more by testing out the software for free. What you will be doing, is that you will deposit a minimum of your hard earned cash, which will instantly disappear and go in the pockets of the Spectrum 7 Technology scammers.
Spectrum 7 Software – An Amateurish Approach to Scam
In our unbiased review of the Spectrum 7 scam we will go through important factors that will convince you that your capital is not safe with this auto-trader for binary options.
Serious technology companies that develop legitimate systems, spend thousands of money into research and development. The presentation of legit systems is serious and much effort is placed in validating a software.
This is definitely not the case with the very amateurish presentation that we have for the Spectrum 7 Technology scam.
Since our job is to investigate scam, we cannot help but notice that this site looks like a new website builder has been given his first break.
If the website is so cheaply and poorly done, how on earth are they able to convince us of the validity of this software?
Nor are we convinced with the huge effort that went into the overblown claims of legitimacy. If you notice, there are a number of bogus verification numbers, which are meant to pass as a medium of authenticity. This is nothing but a dose of good old “B.S”
Spectrum 7 Bogus Presentation
The sales video for Spectrum 7 Technology, is presented to us by the bogus Derek Folsom. Derek Folsom is a fake and a fraud. It is just an actor who is reading out of a script. At no point do we see his real identity, and there is now way that we can verify his authenticity. Derek Folsom does not exist.
Our next question is very simple. If you have no clue who the real person or persons behind this software really are, do you feel safe enough to trust your money? Well, if you have enough sense and think about it, you would not invest your money with scam promoters.
As we do whenever we are writing a scam review, we have conducted a Google search and social media scan, to enquire about Derek Folsom’s online presence. As expected we drew a blank. Other than his name being mentioned in scam reviews we found nothing. Thus, confirming our original suspicions that Derek Folsom is a scam name invented for the purpose of this App.
Spectrum 7 Technology – Dirty Tricks
What becomes worrying at this stage, is that despite the huge and unreal effort to convince us that the software is legitimate, with disclaimers and long-winded testimonials, the developers engage in a dirty and smart trick.
In the area for registration, the developers are promising the first number of beta testers a $200 trading balance in their account.
It is very easy to fall into this trap if you are a new trader and quickly subscribe to the Spectrum 7. Basically, the developers here are asking you to deposit your first $250 and then the broker will add a $200 bonus.
What the scammers do not tell, is that if you accept this deposit of $200, you will lock your account. Yes that is right, your account will be blocked including your capital until you trade a minimum of thirty times the value of the capital and bonus. Hence you must trade $13,500 before you can touch even your original capital.
And do not run away with the idea that any money is going to be coming to your account! You will have lost your capital way ahead of seeing any profits.
False Modesty and Fake Representations
The voice presenter goes into huge effort to convince you that the Spectrum 7 is not scam. They prove their honesty but claiming that the software will not make you a millionaire. However, they do claim that you can make “$1,560.72 daily with verifiable and undeniable proof”. If you calculate this value by a year, you are hitting half a million dollars in trading profits! These are significant claims that border on the million dollar mark, and rebut the false modesty.
If that is not enough, the site presents us with a number of false certifications and security awards. The site is not really an SSL secured site – it is not an https:// but merely an http:// site. Moreover, all the icons are non-clickable. They are just a couple of logos that have been knocked together to make the site look verified and fancy. However, this could not be further from the truth.
Binary Option Sheriff Final Thoughts
The reason for our scam investigation always stems from the effort to find new legitimate software, which can help traders make money online. Therefore, whenever we come across scam the likes of the Spectrum 7 Technology software, we are duty bound to expose it. Scam systems give binary options a bad reputation, and we are endeavoring to keep this industry clean and a great way of trading.
Verdict and Conclusion – Spectrum 7 Technology is SCAM!
Thank you for taking time to read the Spectrum 7 review. Spectrum7.co joins the Blacklist SCAMS section.
Be careful to watch out for other scams such as the Dubai Lifestyle App The Tesler App and the Bahama Banker System
Can you Make Money Trading Online?
Despite the fact that you come across scam from time to time in the binary options industry, trading remains a very legitimate way of making money online. Many brokers are choosing to be regulated and supervised by government bodies. This gives them a real seal of authenticity.
However, new traders should follow these simple steps for success.
- Invest with a legitimate broker in your Geo Area
- Take time to know what Binary Options trading really is. The key investment for success is YOURSELF – therefore some education is in order and will go a long way to your road of gaining with binary.
- Get yourself a FREE DEMO ACCOUNT – and practice trading before you commit to your own capital.
- Subscribe to a legitimate software, which will trigger high-quality signals, and help you profit. Make sure that you pick systems which are tried and tested by real traders and not bogus presentations.
Join our ever growing community of traders. Subscribe to this blog and please leave a comment in the comment box below. If you need any help or assistance contact us. If you prefer a personalized response, drop us an email on support(at)binaryoptionsheriff.com