Daily Income Society
One of the main attractions about binary options trading is that it promises lucrative returns for even those traders who are inexperienced in online financial trading. Capitalizing on the popularity of binary options trading, many companies and individuals have started to come up with trading solutions such as automated trading robots which are designed to make trading even easier for beginner traders. With the promise of easy money for a small investment, many beginner traders are easy prey for these dubious trading solutions.
The Daily Income Society trading app also promises high returns for a small investment. So the question is, is it also a scam or a legitimate trading solution? To know more, read our comprehensive review of this automated trading app.
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
- Free Software
- No information on developer
- Dealing with unregulated brokers
- No technical support
Not Reliable Service
What is the Daily Income Society Trading App?
The Daily Income Society trading app is a binary options automated trading software that was created by an individual by the name of George. It claims to be able to add value and enhance the trading experiences of its users by sending trading signals. At the same time, the trading app promises its users will be able to achieve a daily income of more than $500 and up to $900. Currently, the software is said to be in its second stage beta testing after having achieved tremendous success with the first stage beta testing in 2015.
All these claims and promises would really sound very enticing to any beginner trader who doesn’t have a clue as to what they are getting themselves into. First of all, we noticed that there is no background information provided about the creator or creators of this “wonderful” software except the name George. Imagine Microsoft trying to sell its software on the market and the only information that the public has about the developer of Microsoft ‘s software is the first name “Bill”. It is unlikely that Microsoft would have grown into what it is today had it taken this approach. Our guess is that the so called creator of the software has something to hide…
The promotional video for this software also claims that its users will be able to earn $550 with minimum risk on a daily basis and with the right trading strategies, they can even earn up to $900 per day. Translate that to a percentage win ratio, this means the software win ratio is a high 86% to an even more astonishing ceiling of 93%!
How Does It Work?
So how does the Daily Income Society trading app work? Based on a unique trading algorithm, the Daily Income Society trading app is a software which allows traders to execute trades automatically on their behalf. The algorithm was developed by a team of expert traders and included a manual trading feature for those who prefer more control over their trading activities. In this respect, the Daily Income Society trading app is not a true trading robot as some form of human intervention is still required.
While the software is offered as a free software, to gain access to it you need sign up and open a live trading account with the recommended broker for the trading app. On top of registering for a trading account, you also need to make a minimum initial deposit of $250 before you can actually start trading.
Final Conclusion: is Daily Income Society a scam?
Although the Daily Income Society app is touted as a free software, the fact that you need to commit $250 in trading funds to gain access to it negate any notion of it being free. Furthermore, there are a lot of unanswered questions about this software like the fact we have no idea as to who is the creator of this software. And while the software claims to be able to offer returns as high as 93%, there is no verifiable data to support this claim.
Finally, the fact that the Daily Income Society trading app can only work with a recommended list of unregulated brokers is an issue that every trader should be concerned about. Should anything go wrong, you will have no legal remedy to seek the return of your hard earned money. Given the fact that you have no legal protection, we strongly advise readers to stay away from having anything to do with the Daily Income Society app as it offers its users no apparent benefits but instead puts them in a situation where they have no redress if the broker refuses to return their money.
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