The idea of fund managing other people’s money is not new. However, a new breed of scam has emerged in this business where online thieves promise to make profit on behalf of the investor using binary options as an instrument of investment.
We ”love” the way one particular scam by the name management software has presented itself. It claims to solve people’s financial problems, yet we know very well that it’s a crappy deal similar to Israelis Wolfs of Wall Street.
Essentially, this scam aims at presenting itself like a genuine fund management service. When you visit the site which can be accessed here – managementsoftware.online, you will see that the whole idea is based on trading binary options on your behalf. You get to keep 92% of the profit because the fraudsters are taking 8%.
Thankfully, we now realize that this scam is the scourge of the society. They’ve dragged their name into mud, and here’s what this ”investment” opportunity really is:
The whole thing sounds like a hoax. Consider this, if you make $1,000, the fund manager will deduct his profit which is $80 only. You get to keep a whooping $920 despite them doing all the donkey’s job for you.
If this is too good to be true, then odds are that it’s a scam. Such promises never amount to any profit. We can’t imagine that all you have to do is to sign up, deposit some money and leave the rest in the hands of strangers. This is definitely not how serious investors work, and it’s going to be very difficult for us to believe that these people are for real.
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To make matters worse, these con artists are claiming that you will make profits during the first month for free because they are not charging anything in the first 30 days of doing business with them.
That’s a marketing gimmick and a bait for those who love to hear such fairy tales. And to reinforce the fact that this investment opportunity is not genuine, the website has taken steps to use fake approval badges.
If you scroll down to the footer of this website, you will see the fraudsters claiming that Management software was recognized by the Financial Times and voted in the top 5 investment opportunities in 2016.
Also, do you recall what Mr. Christopher, the alleged CEO of the firm said earlier? He said that Management software was founded in 2017. So how come that it was awarded in 2016 yet it never existed?
More questions arise concerning the authenticity of all the badges used here. No third party entity has ever approved this opportunity, and because of that, it is very difficult to say that Management software for binary trading is legitimate.
Who is Christopher Fernard? A fund manager with 10 years of experience at Wall Street? He’d like you to believe so. He’d also like you to believe that he works with a team of serious financial analysts whose job is to make money for clients in exchange for a modest profit of 8% only.
Now, ask yourself this question. If these guys were so good at what they do, why can’t they just use their system to invest for themselves? Why do they insist on investing for other people and taking a small cut out of it when they can take a whole profit?
If we don’t have the answer to that question, then it means this is a scam, period!
As for the details of Christopher Fernard, we can say that they are very scanty. Google does not recognize this ”big time” fund manager when real fund managers have profiles on the search engine for everyone to see.
He is not on LinkedIn and other social media pages too. His activities as a ”fund manager” remain restricted to http://managementsoftware.online. No one is talking about him outside that domain. This shows that he is not popular. And if he is not popular, then it could mean 2 things: either he is a poor fund manager who does not generate any profit or he does not exit at all.
But the most likely scenario here is the second assumption. If he doesn’t have a real professional profile, then chances are that he is an actor who got hired to lie on camera and help push forward the agenda of these criminals. He is nothing more than a corrupt actor.
Guys, we’d be honored to introduce proof of earnings, courtesy of Management software. This screenshot tells us that we can live life on the first lane when we subscribe to Christopher Fernard’s revolutionary idea.
Do you recon that such images are not to be treated as valid financial documents or ”proof of performance”? In fact, you do not need a University degree on money matters to figure it out.
We all agree that this is not a real account. It looks like a demo account for some binary options platform. Such a representation does not give a true picture of what Management software would do to a live account.
Apparently, all binary option scams have a demo account which they often use to trick unsuspecting victims. You will always win with a demo account because it is programmed to lie.
This is yet another lingo that Management software scam is using to paint a good picture for itself.
It’s basically a fancy phrase used to refer to managed accounts which is the whole idea behind this binary options software.
But who are these fund managers in charge of Management Software operations? Well, we were only told that senior investment managers and their juniors who possess up to 10 years of experience in Margin FX trading will be in charge of our accounts.
There’s no mention of their names. No performance record, no nothing! Our job is to have blind faith that this automated software will always trade in our favor because it’s copying what the fund managers are doing behind closed doors, thanks to a special script that connects to Management software servers once you click ”auto-trade”.
They claim to have the best algorithm in the world. This was assured by none other than Christopher Fernard.
But how is this algorithm helping to pull in the profits? Okay, those fund managers use complex mathematical formulas together with tools of analysis to identify trends and key chart levels. That way, they can execute trades with an impressive accuracy.
The problem with this explanation is that we’ve heard it a thousand times now. Every con artist says something along those lines. It is even becoming monotonous because they are not being creative anymore.
We can’t deduce any tangible facts that would prompt us to make a move towards this ”investment opportunity”. If you analyze their stories, you will see that they are not any different from those peddled by other con artists around.
They simply lack creativity, plus the idea of using binary options to fund manage other people’s portfolio is just too awful. This beating around the bush isn’t adding any value when we already know that they are selling a scam anyway. But you’d certainly be on your way to getting practical results when you go with our list of recommended binary option softwares.
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