Virtnext, found online at VirtnextApp.com, is a new type of trading software that promises to help people with little to no experience begin making money with binary options trading right away.
Binary options trading is a specific type of trading that has become extremely popular in the last few years, partly because it provides a high return on investment, but also because of the type of format used in this investing.
Investors will be asked to decide whether the value of a certain stock will rise or fall in a specific amount of time. The beauty of Virtnext is that it promises to make this decision for you, so investors will need no experience or knowledge in order to make money.
What is Virtnext Promising?
According to their website, the Virtnext is giving people the chance to earn $18,000 each and every week from the comfort of their home or even their mobile device whenever they are on the go, for a total earnings expectation of more than $900,000 in just the first year of use.
In order to use this software, however, customers will need to create an account with the binary options trading platform they have chosen, which at this time is Vision Binary. Only after you sign up with this company, you will have immediate access to the Virtnext software.
Virtnext says that they are an “Algo-Trading” system which uses extremely fast computers to buy and sell their assets, and they make all their investments while completely on autopilot. Their system is accurate that the website says that they have only lost money a single time in the last four years.
The Red Flags
Though Virtnext attempts to make people think that they are a legitimate investment company, going so far as to compare themselves to Merrill Lynch, the reality is that they are really just another binary options software system making promises that they can’t really keep.
In fact, Virtnext is so unoriginal, they aren’t even the only automated software program that is currently partnered with Vision Binary at this time. This trading platform is also working with Profit Maker Method, another automated software company that promises large profits with little to no effort on the part of the investor.
The truth is that these companies are paid a commission whenever they bring a new investor to the platform they are partnered with, which means they earn money before you ever start using their program and they actually have no incentive whatsoever to help their customers earn money on their investments. And of course the bottom line always is that these companies simply cannot follow through on their earnings claims, no matter what they are.
Customers who are interested in binary trading would be much better off reading and studying this type of trading and working with a platform and a licensed adviser directly, than relying on one of these “get rich quick” systems.