About Cash Code
Created by Robert Allan, Cash Code is a binary options trading platform that’s claimed to help you start making profits as soon as your account is activated. In fact, Robert claims that the average Cash Code investor makes $10,000 using the platform, which can help you realize “complete financial freedom.”
On top of this, Cash Code is claimed to be ideal for investors at any level, from beginner to advanced; you simply have to push a few buttons per day, while the software does all the remaining work. And not only is the Cash Code software easy to use, Robert claims that it “legally and ethically cheats” the system with a 100% success rate.
If you have little-to-no experience investing (whether in binary options or anything else), can you really expect Cash Code to start making you money today? Or, will you actually be making someone else money?
First, let’s find out exactly what a binary option is, and whether or not it represents a solid financial investment.
What is Binary Option Trading?
Instead of providing a long, drawn out explanation about what binary option trading is, Wikipedia sums it up nicely:
A binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount (or a precise predefined quantity or units of some asset) or nothing at all (in contrast to ordinary financial options that typically have a continuous spectrum of payoff).
In layman’s terms, when trading binary options, you’re basically betting on a price decrease (known as a “put”) or increase (known as a “Code”) of a given asset, such as gold. For an in-depth look at how binary options work, we’d recommend visiting Investopedia.
Now that you know the basics of trading binary options, let’s see if they’re the right tool for you.
Is Trading Binary Options a Good Form of Investing?
Despite all the hype and promises of big profits on the Cash Code website, if you’ve been doing any type of trading for any length of time, you already understand that there are thousands of different ways to make money, some of which will be more in line with your overall financial goals than others.
In addition, you probably understand that almost by definition, investing in the stock market or other financial arenas can come with a great deal of risk, especially if this is your first foray into the market. And although you essentially only have two options (put or call) with binary options, you’re essentially gambling with your money.
This is because, even if you’re a guru, binary options still represent highly speculative investments. Think of it this way: Although you may have been investing for decades and using your extensive market knowledge to consistently realize gains, all of this knowledge might not do you a bit of good when it comes to binary options. Why?
With binary options, you’re basically making a guess as to whether the price of something (whether pieces of stock or pieces of precious metal) will increase or decrease within a given time period. Right this second, could you guess if the price of gold will go up within the next 10 minutes? Would you be able to tell if Google’s stock price would fall? Unless a major announcement just occurred, it’s almost certain that your odds will be no better than chance.
Considering all of this, while binary options trading might be somewhat easy, it definitely doesn’t mean that they’re an ideal investment tool.
Now that we’ve covered all of the basics of trading binary options, let’s take a closer look to see if Cash Code is your best bet (pun intended).
Is Cash Code a Good Binary Options Trading Platform?
In short, there’s much more we don’t know about Cash Code than what we do know.
To cut to the chase, it appears that the company behind Cash Code has partnered with a third-party firm to provide brokerage services for individuals looking to invest in binary options.
After you supply all of your information on the Cash Code website, this means you’ll likely be contacted directly by this firm to fund your account (more about this in the Pricing section) and to install your trading software.
Since we’re not told anything about this firm on the Cash Code website though, there’s no way to know if the firm is reputable, what other investors are saying about them, if their trading software works well, or dozens of other highly important questions.
Questions about the company and their third-party firm aside though, let’s get to your most pressing question: How much money can you realistically expect to make with Cash Code?
What Kind of Returns Can You Really Expect with Cash Code?
Above, we discussed the similarity between binary options and gambling, and like any other form of gambling, the house is always betting against you—except in this instance, the house is your broker. Why?
Assuming that your brokerage doesn’t come with any fees (again, more about this in the Pricing section), you’ll still need to win 55% of the time in order to break even. Obviously, the more money you’re looking to make off of binary options, the higher this percentage will need to be.
Perhaps anticipating this problem, the website claims that Cash Code has a 100% success rate, but unless something underhanded is going on, no investing system will have a 100% success rate.
Think about it this way: You and another investor are brokered through Cash Code. You both decide to invest in gold, although you’re saying it will go down (placing a put) while the other investor is betting it will go up (placing a call). In this scenario, one of you will not win, which pokes a huge hole in Cash Code’s “100% success” claim.
Now that you know more about the Cash Code system, let’s see what we can find out about the man behind it.
Who is Robert Allan?
While there are some real estate and investing gurus with similar names, we didn’t uncover any information on the specific Robert Allan mentioned in the Cash Code video.
As such, it’s our opinion that it’s either a completely fictitious person made up to promote Cash Code, or a pseudonym. In either instance, we’d be wary of anything that comes out of this person’s mouth.
Despite our recommendation, are other investors happy with Cash Code?
Are Other Investors Pleased with Cash Code?
We didn’t come across any legitimate online customer reviews at the time of our research (all were posted by affiliates), although we did find a fairly in-depth review of the Cash Call system on the Dale Rodgers website.
Ultimately, it was concluded that Cash Call “hasn’t been designed & developed by an expert trader at all. Instead it’s been created by an internet marketer who to be honest probably doesn’t even have a clue about binary options trading,” who is basically looking to earn commissions by signing up as many accounts as possible.
Speaking of which, how much does Cash Code cost?
Cash Code Pricing & Fees
Signing up for the Cash Code system is 100% free. However, if you ultimately choose to open a brokerage account, you’ll need to fund it with a minimum of $250.
Then, each time you make money on your binary options trades (if at all), so will your broker.
Because the Cash Code system is free, no refund information was provided on the website. There also wasn’t any contact information listed, other than a free Gmail account, which itself should raise a big red flag.
Can Cash Code Help You Make Money?
Considering that Cash Code basically just acts as a sales funnel for third-party brokerage firms, it definitely won’t help you make any money.
On top of this, as we detailed above, binary options are an extremely volatile form of trading where none of your past trading experience (if any) can help you improve your odds of landing a winning trade.
As such, we’d recommend consulting a financial advisor before deciding to invest in binary options. Or, at the very least, we might recommend choosing a more transparent brokerage firm such as Empire Option, TradeKing, and many others.