How does it sound to make $100,000 in the next 30 days? If you’re after money, you would love to go to the Greenwood Formula page, except that it is a fraud one.
The Greenwood Formula is a scam that needs to be stayed away from. Read our review and you will get to know more about. They should have ideally called it the Binary Scam. Software with super algorithms, that they claim, will multiply your money many fold. The review is down below.
Greenwood Formula Trader Scam
The video is definitely the best of the lot seen so far among the other loftily claimed softwares. It talks about an 85% success rate and incredible earnings through binary trading. Now, that is the first red flag which you should really be aware of. As traders will vouch for the fact that trading through binary options and Forex Markets is the most risky of businesses and the returns is nowhere as being promised. In fact, chances of losing all your money is very much real no matter how extraordinary a financial whiz kid you are. Greenwood Formula is following the same path most of the other scams do. Asking for your name and email id and then registering you for a trial period of 60 days.
Now, what they basically do is connect you to a binary trader who will then keep on asking for your investment, without much or no return. The tall claims of an initial $250 turning magically into thousands and then millions of dollars is an absolute false.
Greenwood Formula Video
The video also urges you to quickly register yourself with them for their slots are limited and will be filled up very soon. They have been saying this for the past one year, from the time this video has surfaced. The fundamental bait which this site uses are the terms “free” and “big money”. Keywords which easily attract people. This is the bait most falls for and have too. We have received numerous mails and letter from individual complaining Greenwood Formula has duped them and they have lost money in the process. It is a scam, and we have warned people to stay away from it.
You are directed to submit your name and email address on the home page, so that you can start making ‘huge money’ – the pop up comes up every time you pause the video as well.
And the guy even tells you that if you fail to make as much as $100,000 he will be paying you $10,000 in ‘cold hard cash’ – a claim absolutely false. The video also says that the web page is a secret, invitation only page. However, the page is open to all – just like we found it, and you can find it too, with just a simple search. The feeling of exclusivity is a nice one, and one that will help you want to take the next step – something Greenwood Formula wants you to do to take your money.
Interestingly, this isn’t one of those boring videos out there. You have the guy out there in the woods, during snowfall even taking some snow rides while telling you about the ‘places you can go, and the things that you can do’, while earning the money you need.
Auto-trader from Greenwood Formula
There is a funny part to this scam too. The Greenwood Formula Software claims to be an automated system which works for 24/7. Now, firstly you fail to be a successful trader if your system is an automated because then you fail to observe and analyse the fundamental factors while generating signals. Moreover, no trader will usually work for 24/7, because it is just not needed. The markets are closed during the weekends and trading does not take place. What does the Greenwood Formula Software do then, if it is still activated, as it claims it is?
Tall claims by Greenwood Formula
The inventor of Greenwood Formula exhibits his online bank account to the world. It is quite a preposterous way to advertise and sell. Moreover, the marketing strategy is dependent on hard selling this product which does sound as jarring after sometime. No worthwhile product will nag about its success and urge people to buy. Word of mouth is good enough.
The home page has a number of pictures of people with the ‘Verified’ option above them. However, neither can you click on the image links nor can you verify if those people actually exist or if they have actually benefited by the system. They just seem to be images that have been kept there for you to trust the home page.
No free lunch
Coming back to the free part. Remember, registering to the site is free. They will only ask for your name and registered email id. But once you are connected to a binary options trader, he will have nothing of you except your credit card details. You are expected to invest as per his advice and trade. As we have clearly mentioned earlier, trading in binary and Forex markets are the most risky forms of business. Hence, do not expect explosive growth and of course nowhere near the figures the video of Greenwood Formula Review Show.
Greenwood Formula is among the long list of scams which we have reviewed. They play on the gullibility of the interested individual, entice him with the lure of quick money and then makes him lose all his.
Also, did we tell you that there is absolutely no contact information about the company? There is no address, no phone number and no support. All that you have is a single mail id to contact them- and they wouldn’t be bothered to reply if they’re done with you.
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Greenwood Formula is a scam. Stay away from it. There are many other forms of legitimate and less risky methods of trading. There are plenty of bona-fide and helpful sites which can guide you on making money. Greenwood Formula isn’t one of them. Use your discretion for it is your money. We recommend you to use a genuine Binary Trading robot instead of scams like Greenwood Formula and GPS Trader. Copy Buffett is the one we recommend to all newbie traders. You should try it too.