Wisdom of the Crowds is a new binary options trading software that has completely disenchanted me. I was really looking forward to reviewing it and making some additional profits. But reality bites quite often. Said to introduce a contemporary and unique method of profit-earning it does little to nothing in achieving it.
Traders need to proceed here with great caution. I read a lot of negative reaction and consulted myself with some fellows who work in the investment sector. They almost laughed and told me it was a joke. Here’s why.
Review Verdict: Wisdom of the Crowds is a Scam
Wisdom of the Crowds – Basic Information
It was developed by an unknown team, claiming to represent ordinary people and ‘the crowd’. And right from the moment you hear this you have to know that you’re dealing with a dubitable binary options trading software. If its creator doesn’t have the guts to have face-to-face interactions with traders, then how can one trust him The answer is – you can’t.
If you load the promotional video streaming from Wisdom of the Crowds’ (WoC) website you will find out that there are no actual facts and statements to back up what is being said. The clip itself is very cheaply shot. Its inappropriate comparisons with figures like Steve Jobs, Steven Spielberg and Albert Einstein are ludicrous at best.
Wisdom of the Crowds – Excellent Concept, Bad Realization
The main idea for the binary options trading robot is taken from the book that goes by the same name ‘Wisdom of the Crowds’. Its subtitle is ‘Why the Many Are Smarter than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations’. It was written by James Surowiecki. The guy wrote the business columns for the New Yorker and really knows his stuff.
While there may be some logic in his work, none is found in the WoC program. Traders are never given the information whether a specific computer algorithm is being used so that success is ensured.
Wisdom of the Crowds – Literally full of jelly beans
The things which make the promotional bargain-clip so flimsy are jelly beans. And I mean a lot of them. At one point somewhere in the middle of the video, jelly beans just begin to randomly fall out of nowhere onto a table top. I almost started crying with laughter. That was absurd! You can’t expect anyone to take your binary options trading system seriously if you play them this.
It could be viewed by people from the financial sector, Wall Street executives and future investors. Nobody in his right mind will give his money to watch jelly beans fall from the sky. With the same luck one can put all his assets into balloons and let them fly freely in the air.
Wisdom of the Crowds – How does it work?
Apart from the fact that it doesn’t work, WoC is quite easy to use. Just like most other binary options trading software there are only a handful of things you have to perform as a trader. They are the following:
- Fill in the Sign Up Form: Only a name and email address are wanted from you. This is how you reserve your copy. Registration is free
- Choose a Broker: It must an accepted by the WoC broker.
- Place an initial deposit: The minimum amount is $ 250.
Wisdom of the Crowds – Uses Fake Users’ Photos
WoC demands that they have a 98% of satisfied traders with profitable and positive outcomes of their trades. But did you notice that almost all the people ‘supposedly’ commenting on the supposed Facebook page have the same name. Yes, the young guy who’s smiling, the mother of two, the elderly couple. All of them go by the name of Jasper M. Hopkins. Those poor folks who were robbed of their identities. And the anonymous creators of the binary options investment system thought no one will ever notice. How little do they think of the traders.
Don’t fall to their level. Don’t finance their yachts and expensive trips. Stay away from this software.
Wisdom of the Crowds – Fraud after Fraud
Few binary options trading solutions have had the impudence to falsify information like this. The team, behind also claims that their forecast accuracy can reach above 83.3%. They want to challenge the Expert Theory. The aforementioned is based on the method that the crowd has to follow one genius mind in order to succeed. WoC rationale steals directly from a well-respected and loved journalist. Mr. Surowiecki would probably sue them if he knew they were making money on his behalf. I think he wouldn’t be too happy that they filch traders with his ideas.
Wisdom of the Crowds – Final Thoughts
This binary options trading robot is a no-no. If you ever thought of putting your money into this – better stop now. WoC is unreliable. You’d be crowned king of fools if you invest here.
Review Verdict: Wisdom of the Crowds is a Scam