Automated Cash App scam promises to make easy money for you with their free point and click software. Don’t sign up just yet, as Automated Cash App is a scam. Read our detailed Automated Cash App review to find out the truth.
Name: Automated Cash App
Owner: Jason Howe
Price: $250 min. deposit
Recommended? Not Recommended
(full list of all reviewed scams)
Automated Cash App Review
Trust me, Automated Cash App isn’t free at all.
There are literally hundreds of binary trading software scams out there, and every single one of them promises to make you tens of thousands of dollars within a very short period of time.
Automated Cash App scam is one of them. In their sales video, Jason Howe, the alleged owner of the app bashes the other methods of making money online, such as building a legitimate business through search engine optimization (SEO) as slow and ineffective.
He claims that real money can be made very easily just by using his completely automated software. You don’t even have to put in work! However, in the whole length of his sales video, Jason did not mention how his software really works, and how it manages to pull in profits consistently.
He told us that Automated Cash App is nothing like the other binary software scams, but how is it different exactly? Jason deliberately keeps the details vague, and this is a common red flag for many internet scams. You never know what you are getting into.
Not only that, Jason promises to give the app away for free, in exchange for a positive review on his website. But you’ll see soon enough that it doesn’t come free at all.
Now let’s look at what Jason has been trying to hide from you behind the scam.
What Automated Cash App Scam Doesn’t Want You to Know
Automated Cash App testimonials are fake
After providing your email address, you will be brought to the second sales video where Jason shows you the raving reviews from his members.
Each of them claims to have made a huge fortune in just a short period of time after using Automated Cash App. Now you may be thinking – since there are real people showing their faces and giving positive reviews, it must be real.
Unfortunately, it is not. Take a look at the image below:
Fiverr actors were used in Automated Cash App scam
This particular “member” of Automated Cash App is actually a Fiverr actor. In fact, most if not all of the fake members featured in the sales video can be found on Fiverr.com. It’s called buying a testimonial.
You can check out the profile of this Fiverr actor here.
These Fiverr actors and actresses offer their services by reading the scripts of their clients like real testimonials. I’ve attached the description of the gig offered by this particular Fiverr actor.
A fake testimonial can generally be bought at Fiverr.com for just $5. I do not condone or condemn the act of buying and selling fake testimonials, but I want you to be aware of this – that fake testimonials can easily be bought online.
If Automated Cash App is really as good as Jason Howe claims, why would he need to hire actors and fake the testimonials? There’s only one reason – because he is out to get your money, but the darn app doesn’t work at all.
So the next time you come across internet opportunities that sound too good to be true, such as Automated Cash App scam, stay vigilant and do some research. They are most likely scams.
Let’s Talk About Binary Trading
Since this is a binary software scam, we need to briefly talk about how binary trading works to make sure everyone is on the same page. If you already have experience trading binary options, you may skip to the next segment.
Binary options is gaining popularity in recent years due to its simplicity. You only have to guess if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.
There can only be 2 outcomes – either you are right, or you are wrong (hence the name binary options / 2 options).
This is how it works – let’s say I think that the price of gold market will fall after 60 seconds, and I bet $50 on a 1-minute contract. When the time is up, and the price is indeed lower, I win a certain percentage of what I bet, usually between 60% to 80% (between $30 to $40). But if I’m wrong, I lose the entire $50 that I bet.
In reality, trading binary options is not that different from gambling. There’s no way to predict the market movement in such a short period of time. Can you guess the outcome of a coin toss with confidence? Can you get it right consistently? No? The same principle applies to binary options.
Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout of binary options. This is why vast majority of binary options traders lose money.
We do not recommend binary options if you want to generate serious income from the internet. It’s one of the worst possible ways to make money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.
Can Automated Cash App Predict Market Movements?
A short and simple answer – NO.
Market movement is comprised of the decisions of thousands, if not tens of thousands of human traders. The decision of every trader affects the market price every single second, and there is no algorithm in the world that can predict human behaviors accurately.
The “live demonstration” given by Jason is just a bogus software coded to produce predicted outcome. It wasn’t the real market. The same demonstration has been given in other binary software scams such as Centument LTD Software.
If there is such app, we’ll have plenty of millionaires born from automated binary trading softwares. When was the last time you came across a real news of someone becoming wealthy because he used a piece of automated trading software?
Even Forbes, the high renowned finance website warns people against gambling on binary options.
How Automated Cash App Makes Money Off You
If you decide to use Automated Cash App, you need to register for a broker account through their sales page (which contains an affiliate link). Jason Howe and the team behind Automated Cash App scam will earn a sum of referral fees as soon as you make your first deposit.
I was assigned to PlusOption, one of the affiliated brokers with Automated Cash App. The minimum deposit with this broker is $250.
You may be assigned to different brokers depending on your country and location, but the standard minimum deposit for most brokers is $250.
Even if you already have a trading account with their designated broker, you have to register for a new one with a different email address. This is because the scammers behind Automated Cash App scam cannot earn their referral fees if you don’t sign up through their affiliate link.
Not only that, Automated Cash App will continue to make money off you over a long period of time. They earn a commission for every trade that the app makes for you.
The scary part is that the app runs completely on autopilot. The trading frequency and trade amount is fully determined by them. To put it simply, they can decide how much commissions to earn off you, as long as you still have money in your trading account.
Is Automated Cash App a Scam?
YES, AUTOMATED CASH APP IS A SCAM. As we’ve said in the review earlier, we don’t recommend binary options trading as a way to make money online, at all. It’s basically the same as gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.
You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.
If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!