Cash Crew System by George Patterson promises you quick riches with his fully automated trading software. Is it too good to be true? More importantly, is Cash Crew System a scam? Let’s find out in our Cash Crew review.
Name: Cash Crew
Owner: George Patterson
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
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Cash Crew Review
Typical hypes coming from Cash Crew scam
Cash Crew System is a relatively new binary trading software launched by the alleged owner, George Patterson, but his sales method is no different than many other binary software scams we’ve reviewed earlier, such as Auto Money App by Daniel Rosenberg and App Mobile Bot by Gunnar Erikkson.
There isn’t much distractions in the homepage of Cash Crew System. There’s only an auto-play sales video dominating the screen, and George gives you a bold promise right off the bat.
He said if you are looking to earn only a couple hundred of dollars per day, you should close the window right away because he’s talking about a shocking, life-changing amounts of money. He then proceed to flash pictures of sports car, yacht, luxurious residence and dreamy vacations to capture you attention.
Don’t be fooled, though, as Cash Crew System is nothing more than a typical binary trading software scam.
What Is Binary Trading?
This section is dedicated for readers who don’t know how binary trading works. If you have experience with binary options, you may proceed to the next section.
Binary trading is basically trading stripped down to its simplest form. Unlike other forms of trading, you don’t need to read up financial news or analyze complicated charts. Instead, you only predict if the price of a market will rise or fall after a short period of time, usually between 30 seconds to minutes.
Yes, it’s that simple. However, profiting from it is a whole other matter.
Here’s how it works – for example, I predict that the price of oil market will rise 5 minutes from now, and I bet $50 on a 5-minute contract. When the contract expires, and the price is indeed higher, I win and I earn a certain percentage of what I bet (usually 60% to 80%, or $30 to $40). But if I’m wrong, I lose the entire sum that I bet.
As you can probably see, trading binary options is very much like your average gambling. There’s no way to predict the price of any market in such a short period of time. How do you predict the outcome of a coin toss? You either depend on pure luck, or your gut feelings.
Predicting the outcome of binary options is no different. And even if you manage a decent win rate of 50%, you will still lose money due to the uneven winning vs losing payout of binary options. That’s how the brokers make money off you.
Please note that we do not recommend binary options if you want to generate serious income online. 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.
How Does Cash Crew System Work?
Taken from the FAQ of Cash Crew System
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Back to Cash Crew scam.
After feeding you some wild imaginations, George Patterson tells us that Cash Crew is a 100% free software that will trade binary options on your behalf with just ONE CLICK!
Not only that, it’s FULLY AUTOMATED and will place the WINNING TRADES for you!
Wow, it sounds like there’s nothing you can do to go wrong with Cash Crew System. With just a single click, the software will run on its own and generate profits day after day.
What Cash Crew System Doesn’t Want You to Know
The secrets of Cash Crew scam, hidden well within the disclaimers
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If you take a close look at the disclaimers hidden at the bottom of Cash Crew System’s page, you’ll realize that George Patterson and Cash Crew System have some secrets that he didn’t tell you in the sales materials.
Let me spell out the critical terms here:
- Trading binary options can involve a partial or full fund loss.
- Earning potential is entirely dependent on the person using our product.
- We do not purport this as a “get rich scheme”.
- All forward looking statements on our sales materials are intended to express our opinion of earnings potential.
What can we conclude from these?
- Cash Crew scam conveniently omitted the risks of using their software in the sales materials.
- Despite Cash Crew being a one-click, fully automated profit system, somehow your earning potential is entirely dependent on yourself.
- Despite promising you quick riches, you should not view Cash Crew as a “get rich scheme”.
- All the results shown in the sales materials are not real. Those are just the scammers’ opinion of the “earning potential”.
What happened to all the promises? Apparently those are just lies George Patterson told you to get on Cash Crew scam.
And why does Cash Crew include such terms and conditions in their disclaimers? The sole purpose is to protect themselves from legal actions when you lose all your trading capital with their software.
It’s not there to serve you as an honest warning. If they wanted to be honest, they would’ve told you all these in the sales materials.
How Does Cash Crew System Earn Your Money
You may wonder why George Patterson makes so much effort to promote Cash Crew System just to give it away for free.
If you decide to join use Cash Crew System, you’ll be required to sign up with their affiliated broker. I was assigned to Glenridge Capital, but there may be other brokers affiliated with Cash Crew.
The team behind Cash Crew scam will earn a sum of referral fees as soon as you make your first deposit. The minimum deposit is $250, and keep in mind that you must open a new broker account through them to use their system.
Not only that, Cash Crew will continue to earn commissions off you over the long term. The team behind the scam will earn a commission for every trade the software makes for you.
To make it worse, since Cash Crew System runs completely on autopilot, they decide your trade amounts and frequency. The can dictate how much commissions to earn off you as long as you still have balance in your trading account.
Cash Crew scam will profit regardless of whether you make or lose money, ALL ON YOUR EXPENSE.
Is Cash Crew a Scam?
YES, IT 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 doesn’t make a difference. 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!