Is the Nasdaq (aka The Nesdek App) binary options auto trader a scam or is it legit? Released today, 20th June 2016, Nasdaq claims to be the most advanced trading technology out there. Although at first sight the website looks relatively professional and somewhat different to most of the scam sites we come across, it unfortunately has too many tell-tale signs of a scam.
As we scroll down the opening page of the nesdek app (Nasdaq), we see a countdown timer and a warning that there are only limited free licenses available and that in certain countries the limit has now been exceeded. Just below this we see some testimonials from alleged current members; the first being Robbert Wright from Santa Monica who tells us that βA good friend of mine introduced me to this amazing software a few years ago, the only thing I regret is that he didnβt do it quicker! The software REALLY works and is very user friendly. Iβve made over a million!β.
We are shown his balance of $1,293,453 from his initial deposit of $1000 along with a short video by Robbert. Unfortunately, having done a little research, I discovered that the site was only registered in May of this year (2016); so I am now convinced that the Nasdaq binary options auto trader is a scam.
Further down and we are shown some stats on Nasdaq, one of which shows us a strike rate of 95% and tells us that we can βTrade with a proven Strike Rate of 95%. The Nesdek App is able to analyse the financial market real time, finding the perfect occasion to trade. Our numbers are almost always right!β. Unfortunately, we all know that this sort of strike rate is unrealistic and that 70-80% is around the average for profitable trading.
We are also shown a scrolling list of big company names (Nike, Carlsberg, Armani etc) with no actual explanation of what they represent!
The Nasdaq presentation video introduces us to Mike Mcdonald, the CFO of the financial technology firm Nesdek Inc. He tells us that over the last decade only a select group of people have had access to this tool (even though it is only a month old) and that each one of them has become financially independent after using it and that for one day only he is offering us free access to it! It seems that for most of the video Mike just wants to tell us how our lives could change dramatically by investing with his software.
All in all, Nasdaq, the Nesdek trading app, is just a well presented scam that will do nothing for you except reduce your bank balance. Keep clear of this one, Nasdaq is a scam.
If you are looking for trustworthy and profitable software, then take a look at the ICE9 Technology or the OptionRobot; both with over 80% ITM trades. Our current favourite piece of software is TrendXpert; this is a trend indicator for manual trading which also offers live training. All of these have proven to be profitable for us.