Have you received a “private invitation” to the Push Money App? It’s the binary options auto trading software that promises to make you easy money. If you’ve watched the video, then you will likely have thought to yourself that this opportunity sounds too good to be true, and you would be right.
Some people may be getting fooled into thinking that the app is legit thanks to the well-made video that promotes it, but we have good reason to believe that this is nothing more than a scam that has caused many unfortunate people to lose thousands of dollars. We look deeper into the company and see what real people have to say about them to find out just how profitable this software is.
What Claims Does the App System Make?
The new auto trading software, created by Dennis Moreland and Mike Callahan, is meant to make you tons of money. But how does it work? They claim that this fully automated binary options trading software has brought them huge success, without having to put in any effort, because the system places all your trades for you.
That’s pretty much all the information you get. We haven’t been able to find any verifiable details on the trustworthiness of the software. They offer no information about the type of market analysis used for the app’s trading signals; you just have to trust that they know what they’re doing. The only control you get regarding modifying the trading software to your needs is changing the amount of money per trade.
They claim you can be looking at a revenue of at least $1,600 a day. To be honest, they make these claims quite convincingly. We’re not surprised many people have signed up to this, after all, they’ve put lots of effort into their presentation.
You’re first asked to enter your name and email address. Once you reach the member’s area, you are going to receive a very tempting offer. When you open a new broker account that works with the software, you can get an immediate bonus that matches your deposit for the amount of up to ten thousand dollars. The minimum required deposit is $250, but they will match any amount up to $10,000 for trading in your broker account.
The problem? The bonus comes with some risky conditions attached. It essentially locks your deposit into the account until the app generates enough trades for you to recover the deposit. You don’t even know if the agent they’ve assigned you is legit. Are they regulated? Licensed? There is no way of knowing. The robot trading software that places trades with your money controls everything and there’s not much you can do about it.
What Makes Us Think It’s a Scam?
When you visit the website, they show you a pretty impressive video that tells you all about the vast sums of money you can expect to make using the app. Mike Callahan even shows you a bank balance that keeps going up every time he refreshes it. Besides it being a little odd that he can access a new user’s bank account to show you how much money they’re raking in from this robot trading software, the image he’s showing doesn’t even fit the screen properly. The edges are cut off, which implies that all he’s showing you is an image.
Did we mention that the user only registered 5 minutes ago? I mean really, why would they have access to their account? None of it makes sense, especially when you consider how trading binary options actually works. You see, trades are made using money in your trading account, which the broker holds. If you want to get money from there into your personal bank account, then you need to request a withdrawal. The process isn’t automatic, so you shouldn’t see your balance go up every time you hit refresh.
In the clip, they show several ‘real’ people just like you who have made plenty of money through the Push Money App. With checks on the screen showing people earning thousands, you may be tempted to put your name down. However, if you take a closer look, some of those checks are dated from 2015.
They may claim to have been “making millionaires since 2015,” but the company didn’t even exist back then. According to Whois.net, the website was created in January 2016. The Push Money Company supposedly writing those checks and meant to be located in 1500 SW Broadway, Portland, doesn’t even exist. You can’t find any company like that at the location, or anywhere else. If you can’t even confirm the location or any basic information about this company, how are you meant to trust them?
Just try and find a positive review, by real users you can trust. The only sincere comments you will find are from people complaining about the huge sums of money they have lost through this scam app.
While they clearly spent a decent amount to produce this video, they haven’t managed to come across as authentic. The testimonials clearly come from paid actors, the screenshots have been faked, there’s annoying browser pop-ups if you try to leave the site and a fake scarcity counter putting the pressure on you. “HURRY! There’s only 1 spot left!” It’s a last ditch attempt to get people who are on the fence to feel enough pressure to sign up. Refresh your browser and you’ll see the counter reset itself.
Push Money App Website Conclusion
We would love to think that you can make easy money through this handy auto trader, but you simply can’t afford to fall for this scam. Several users have complained after being scammed into depositing as much as $10,000 expecting to receive a simple matching bonus, but instead, getting their money locked in with a broker until they could somehow generate a huge number of trades.
It’s not worth risking your hard earned cash and trading account on the Push Money App. There are better alternatives out there, so don’t get taken in by what is clearly a scam.