The Good / The Good has been canceled due to lack of good.
The Bad / My Cash Bot is cleverly disguised binary option trading program. Betting on binary options is like betting on a coin flip. There is no secret algorithm or piece of software that can guarantee a win, any better than I can guarantee whether heads or tails will appear next. Scammers are running wild with “proven systems” to get you to deposit money into a broker account. The scammer gets an affiliate commission. You lose $500.
My Recommendation / Avoid this and any other binary option related program. Instead, learn how to build a real, sustainable business online with our top recommendation. You’ll learn how to actually make money online and you won’t have to bet on a coin flip.
My Cash Bot Review
My Cash Bot is not going to make you a millionaire in 84 days as one of its “testimonials” claims. In fact, it’s not even going to make you $10 richer.
What it’s going to do though, is make Dustin, the product creator, very rich, and you very disgruntled. If that sounds like the sort of thing you’re interested in, then feel free to go sign up now. If you’d rather get to the bottom of this lousy “app” of his though, keep reading this “My Cash Bot” review.
What Is My Cash Bot Supposed To Be?
If you’ve watched the initial video and are still confused, well done! You actually paid attention and tried to figure it out. Confusing though isn’t it?
All you really know about it is that it’s a software, or an app, that makes money for you on autopilot. You just click the mouse on your computer twice, and it’s good to go. Wait, isn’t it an app? So you use it on your mobile? No..apparently you use it on your computer.
This kind of “Tell you enough to believe it, but don’t tell you anything more” tactic is the classic hook for getting you to sign up to a broker account (more on that later). It’s known as “smoke and mirrors”, trying to lure you in with dozens of testimonials, repetition of dollar signs, and vague mentions of how everything works.
In fact, you even have someone who says “I don’t know how your app works but it makes me money”.
Let’s just say this. My Cash Bot is supposed to be an app that makes you money on autopilot. It doesn’t even mention that it’s done through binary options trading, which is what it is. Kind of a fundamental thing to leave out of the video huh?
What Smells Fishy About My Cash Bot?
Apart from the whole thing? Well, the testimonials for a start.
I’m not one to judge someone’s film making abilities, but when you look at a few of the video testimonials, it’s hard not to raise an eyebrow.
The first one screams of “Professional testimonial maker” – she’s using a mic and has a suit and a phony office.
The second one screams of “Trying to remember the script”.
A later one screams of “Filming in my hallway so you can’t see that my house isn’t really a millionaire’s house”.
Where do they find people willing to make such low budget testimonials? Well, they put ads out for people willing to make low budget testimonials.
As well as videos from suspiciously bad actors, there’s also the now-industry-standard “Only 27 spaces left” box. This is the most ridiculous thing, because the numbers start failing to add up.
Clearly the box is used to make you act quickly, and feel like your opportunity is going to pass up. Couple that together with the fact that it’s free, why would you not sign up immediately?
There are other numbers that don’t add up as well. Let’s take a look:
1.) The app has only been tested on 100 people so far, yet there are already 223 members.
2.) Despite there only being 100, or 223 members, there are photos of “exclusive 20 people” conferences with clearly way more than 20 people in the photos, dating back to 2010. Obviously these are just random fake photos.
3.) Dustin claims his app is free, yet pays people $250 for every member that they manage to refer to him. Wait, I thought there were just 27 places left? More on this payout below.
4.) They’ve used a cookie that records your visit so that the “27 spaces left” doesn’t reset. If you leave when it’s on 25, when you return it will still be on 25. This is a pretty good way of making it seem like a legitimate counter, until you realize it goes down very quickly when you’re watching the video, but doesn’t move while you’re away for a few hours checking this review.
Does It Work?
What happens when you follow Dustin’s instructions and head into OptionsMaker (the broker you need to sign up with to make profits)?
The first thing you need to do is add a whopping $250 USD into your account to start trading with. Why so high? I have no idea. These programs always ask for $250.
Anyway, once your account is activated, you can start trading. Didn’t realize this was a trading program? Oops.
Supposedly the app will now start trading and you’ll be making money on autopilot, but of course this doesn’t happen. Binary Trades are a coin flip (you just bet if the trade will go up or down) and so you’ll essentially be simply sitting there flipping a coin. You won’t make millions on autopilot.
In fact, you won’t even be able to get your initial $250 USD deposit back. The company requires you to make a large number of trades before you can make any withdrawals. Think you’ll have more than $0 in your account before you reach that number? Think again.
It’s not just a coincidence that every one of these brokers is located in Cyprus, The Seychelles, or another offshore haven. It’s also not a coincidence that every single Binary Options software I’ve reviewed has used a completely new broker. Where do all these brokers keep coming from? Oh yeah, The Seychelles.
Why Go To All This Bother?
For the broker, they get to keep your money. If your trade wins, they pay out around 70% of the winnings (and make a nice 30% cut themselves) but if the trade loses, they keep 90% of your money. Sounds like a win win situation for them. For you, you’ll need to win a heck of a lot more than you lose just to break even. Tossing a coin remember.
For Dustin and his affiliates, there’s a lot more than that. Every affiliate who refers a customer to Dustin gets paid $250 USD as a commission, which means he gets paid a lot more than that himself from the broker. Or the broker is actually him as well. Who knows.
Given that the video claims there are only 27 spaces available, but the Joint Venture page for My Cash Bot claims there are thousands of dollars to be paid out in commissions..it makes you wonder:
On top of that, they’ve launched a competition for the best affiliates:
So as you can see, there are definitely more than 27 spaces available, and Dustin is definitely not doing this JUST FOR GOOD KARMA.
All the things you saw in the video were just created to get you to sign up to OptionsMaker, so that you could earn everyone involved a nice commission.
Sorry, no millions for you.
How Does My Cash Bot Compare?
Binary Options trading programs all come down to essentially one thing: You’re betting your hard earned money on a coin flip. Successful businesses are not built this way! You can’t expect to make money this way.
I’ve Tried That has been reviewing ways to make money from home since 2007. In that time, there’s one program that stands above the rest. It’s free to get started, has no ridiculous hidden charges, and will help you build a sustainable income from home.
Let’s see how My Cash Bot compares…