About 7 Figure Club
Martin Taylor claims that his “revolutionary” binary options trading software—known as the 7 Figure Club—will work on autopilot to help you earn $1 million+ over the next 27 days.
You don’t have to know anything about the financial markets. You don’t need to know anything about trading. You don’t even need to know much about computers or software. With the 7 Figure Club, Martin claims you just need to set up a brokerage account in minutes and then let the software do the rest.
Once you’re ready to go, the 7 Figure Club software will seek out winning trades that are guaranteed to be profitable. Martin even claims that you’re 100% guaranteed to make money. And if you don’t, he’ll personally pay you $10K.
How’s that for standing behind a product?
If you’re thinking that the 7 Figure Club might not be everything it’s cracked up to be, you’re not alone. Why? There are a lot of red flags. So let’s start from square one.
The Basic Premise Behind 7 Figure Club
Even if you’ve never traded before, it’s easy to see that the financial world is risky business. Just look at the Great Recession of 2008! People lost everything they had, including their homes, cars, retirement savings, and more.
Sure, binary options can be a great way of getting into the trading game, since you’re trying to guess which way the price of an asset will go. Consequently, you only have 2 choices: call, if you think the price will increase, and put if you think the price will decrease.
And you won’t have to wait long before learning your fate, since most trades are made within 60 seconds.
Just because binary options are easy though, this doesn’t mean they’re foolproof. This is because your broker stands to make more money from your trading activity than you (in fact, the odds of winning are stacked against you), and you can lose a large amount of money in a short period of time.
Of course, much of this is based on speculation. Without opening a CTOption (more about this next) brokerage account and depositing a minimum of $250, you won’t be able to see the 7 Figure Club software in action, or hear much more than marketing hype from Martin.
Speaking of which, who is this guy anyway?
Who Is Martin Taylor?
With such a generic name, we didn’t uncover anything about a millionaire named Martin Taylor during our research, other than sites directly linked to 7 Figure Club.
We’ve reviewed a lot of these “breakthrough” binary options trading platforms here at HighYa, including Quick Cash System, Millionaire’s Blueprint, Cash Code, and many others. Our opinion? They’re simply sales funnels for brokerage firms.
Martin isn’t a real person. The 7 Figure Club—and the 10 “secret” invites—are fiction. The site isn’t closing anytime soon. Instead, this whole thing is intended to get you to sign up for a brokerage account through CTOption, whose software is just a version of something already offered by Panda Trading Systems Ltd.
CTOption (and InfiniCore Ltd, their parent company) is based out of the UK, so they weren’t listed with the Better Business Bureau—even though their website featured a fake BBB logo.
They do seem to have a mostly positive online reputation, although searching for “CTOption reviews” returned a lot of affiliate sites (the same went for 7 Figure Club reviews), so you’ll want to learn how to differentiate between real and fake reviews.
What about 7 Figure Club’s Other Claims?
Ok, so Martin Taylor might not be a real person and the 7 Figure Club doesn’t appear to be much more than a disguise for CTOption. What about the program’s other claims? Things don’t look much better.
First, as we outlined above, trading binary options is easy, but also comes with a high level of risk. On top of this, unless this software can peer into the future, there’s absolutely no way that it can guarantee 100% accurate trades.
In layman’s terms? You will lose trades using the 7 Figure Club software, and you will lose the money you placed on these trades. And if it happens enough, you quickly could lose your entire investment.
Second, Martin claims that all of the bank account screenshots in his video are ISA certified to be real and accurate. The problem is that there doesn’t appear to be an organization named ISA that certifies financial screenshots.
Did he make it up? We can’t be 100% sure, but it seems so.
Finally, don’t believe for a second than Martin (or anyone else associated with 7 Figure Club) will really pay you $10K if you don’t make money. Remember, Martin and his Club aren’t real, meaning that the CTOption brokerage firm would be paying you, and there’s no indication of this on their website.
Taking all of this into consideration, where does this leave you?
7 Figure Club: A Path To Riches, Or Will it Leave You In Rags?
If a brokerage firm feels that they need to mislead (or outright lie to) people in order to gain new customers, ask yourself: do I really want to do business with them? Probably not.
Can you make good money trading binary options? Sure, if you know what you’re doing.
Instead of signing up for 7 Figure Club, if you’re looking to dip your toe into the world of binary options, we’d recommend searching online for beginner material that can help you learn the ropes, as well as teach you some basic strategies.
Then, once you’ve got the basics down, you can research popular brokerage firms to find the right option (pun intended) for you. Only then will you have a solid foundation for making money trading binary options.
Pro tip: Be careful when searching online though, as many brokerage firms will attempt to sell you on their products instead of teaching you what you need.