Just 2 days ago, I received emails from 3 of my readers alerting me of Instant Cash Club scam. Every single one of them lost a couple hundreds of dollars to the trading software, so don’t be the next victim.
If you haven’t funded your trading account, take a few minutes and read through this Instant Cash Club review. It’ll save you at least $250.
Name: Instant Cash Club
Presenter: Jim Robinson
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
– Jim Robinson is an actor hired to promote the scam
– Member profiles of Instant Cash Club are fabricated
– Live profits table is fake, generated by computer script
– The truth behind the scam is hidden in the disclaimer
– The trading software makes money from your losses
Instant Cash Club Review
Instant Cash Club promises to make you a millionaire in 6 months
It’s actually pretty easy to recognize an online scam. If it sounds too good to be true, it is probably a fraud. Obviously, this applies to Instant Cash Club, too.
At soon as you are introduced to their website, the presenter, Jim Robinson promises to make you over $10,000 a day as long as you sign up for the free software.
There’s no experience needed, all you need to do is to let the software trade automatically and collect your huge profits. Needless to say, everyone would be millionaires by now if such technology exists.
Instant Cash Club scam actually belongs to a much larger fraud category known as the binary trading software scams. I’ve reviewed more than 100 of them, and none of them worked.
Jim Robinson is a Hired Actor
“Jim Robinson” was “Frank Saunders” in another scam
After conducting some background check on the presenter of Instant Cash Club, I realized that the same guy was featured in Altronix, another binary trading software fraud.
Apparently, he is an experienced actor who was hired by the scammers behind these frauds to present their scams.
He identifies himself as “Jim Robinson” in Instant Cash Club, but introduces himself as “Frank Saunders” in Altronix scam.
Hiring actors and actresses is not new to online scams. Many other scams are using similar tactic to confuse the victims, such as Dubai Lifestyle App and Binary Trust Method that I have reviewed earlier.
Generally, these spokesperson can be hired from Fiverr.com for as low as $5.
Instant Cash Club Scam Fabricates Fake Member Profiles
Member profiles are fabricated from stolen photos
Below the sales video, we can find several member profiles that are complete with profile picture, name and profits achieved (screenshot above).
As usual, I did a reverse lookup based on the profile pictures to verify their identities. Turns out none of the profiles were real.
Take “Kathy P.” as an example, where she is said to have achieved $1,244,660 using Instant Cash Club system. The original photo was taken from Patricia Weitz, a writer most renowned for her book “College Girl”.
Apparently, the scammers behind Instant Cash Club found random photos from the internet and fabricated fake identities for them.
This is yet another marketing tactic used by many scams to boost their credibility. In fact, none of the real members who used the software made money.
Just like my readers who fell prey to the scam, every single one of their users made huge losses with the software.
“Live Profits Table” is Computer-Generated
Instant Cash Club was still making profits when there’s no market activity
If you have traded binary options before, you would know that the market is closed for trading during the weekends. In other words, you can’t trade on Saturdays and Sundays.
This review was written on a Saturday (1 Oct 2016), and I realized that the “live profits” table of Instant Cash Club website was still updating their real-time profits.
How is this possible? Apparently, the live profits table was just a computer-generated script that pairs your computer’s date to random assets and profits.
There’s no real trades and profits behind all those numbers!
To prove my case, I changed my computer’s date to something ridiculous – 1 Oct 1986, exactly 20 years ago. And here is what happens to the “live profits” table:
The date on the “live profits” table changes accordingly
Once my computer’s date is changed to 1986, the dates on the table changes accordingly.
This proves that the results are not real-time, instead it is just another tool used by the scammers to fool victims into thinking that the software works.
The Truth Behind Instant Cash Club Fraud
The truth behind the scam is hidden within the disclaimer
(click to enlarge)
As much as Instant Cash Club scam wants to keep you in the dark, they have to reveal the true nature of the scam somewhere in the website to protect themselves from lawsuits.
The chose to hide the truth deep within the disclaimer, where most victims wouldn’t even read it. You can’t find this document anywhere in the sales material, because it is supposed to be hidden from you.
The only place you can access it is through a fine print at the bottom of the sales page that reads “disclaimer”, in which almost no one will notice.
You can verify the authenticity of the terms above by comparing against the original disclaimer at instantcashclub.co/disclaimer.
I’ve underlined the critical terms in the screenshot above, but allow me to write them down and interpret them here:
- Clearly understand this: Information contained in this product are not an invitation to trade any specific investments.
- Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose.
- THE TRADES HAVE NOT BEEN EXECUTED.
Just from these 3 terms alone, we can understand the true nature behind Instant Cash Club scam:
- Despite coercing you to sign up for the “free” money-making software, Instant Cash Club denies inviting you to trade binary options.
Note: Frauds that promise unrealistic returns like Instant Cash Club are illegal in many jurisdiction. If they do not include this clause, they are deemed to illegally coerce you into signing up for the scam.
- Instant Cash Club admits that trading binary options is extremely risky, and it’s your own responsibility if you decide to sign up and lose all your investments.
- NO REAL TRADES HAVE BEEN EXECUTED using Instant Cash Club software. All profits quoted in the sales material are fake.
What about the profits Jim Robinson showed you in the sales materials? Of course, they are just fake profits used to entice you into signing up for the scam.
How Does The Scam Make Money Off You?
If you decide to sign up for Instant Cash Club app, you will be required to open a new broker account with their partner brokers, which are unregulated by monetary authorities.
Once you fund your trading account with at least $250, the software will be activated to generate automated trades on your behalf.
However, it is just a generic binary trading robot that make random trades for the users. Victims typically lose all their deposits within hours of activating the software.
The losses are pocketed by the broker, which is then shared with its partner-in-crime – the scammers behind Instant Cash Club system.
In the end, internet users like you and me become the sole losers in this complicated fraud, while the scammers make a handsome profit with our trading deposits.
So, Is It Possible to Make Money Online?
INSTANT CASH CLUB IS A SCAM. I strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options:
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!