As it stands now, this website has been banned from the US and can no longer be found on the net. This doesn’t mean that it won’t be showing up again sometime to lure people in with the offer of quick riches with little to no effort by using a “trading software” to beat the Binary Trading Market.
My First Online Payday
Price: $300 deposit via credit card/debit card
Owner: Jeremy Mathews
Overall Ranking: 0/10
This is a lure to convince you of large overnight profits by binary option trading. This is a form of trading on the world monetary systems to where different countries’ currency (money) values become better, or more valuable, over a certain amount of time against others.
If you were to elect to “put” your trade, you would be wanting your trade to be more valuable than the predetermined value within a 20-minute window and you would “win” your trade + 20%. If you were to elect a “call,” that would, of course, be the opposite and you would win on the less valuable performance.
The trading match-ups are such as the US Dollar against the Japanese Yen, or the US Dollar against the Canadian Dollar just to name a couple.
My First Online Payday actually offers a software program that is free to you after you make your $300 deposit in a UK investing firm. The first lure is MFOP lets you play with the software first and show you with 25 trades that you can earn money immediately (it’s usually around $250). All you have to do is click on either the the red or green circle when it reaches 90% or above. Then it shows you if you win or lose the trade. Usually you will win roughly 60% of your trades that gives you the impression that you can win more than you will lose.
Then the Hook Comes In
Jeremy Mathews, claiming to be the CEO, tells you the money that you just earned is YOURS. All you have to do is claim it after you deposited your $300 into a brokerage account, make 50 trades and it’s yours. He tells you that you are going to make thousands and thousands of dollars, and that you can also do your trades from your smartphone.
The unfortunate thing is … Here’s the real Jeremy Mathews….
Yep, an actor.
Advantages to My First Online Payday
If there is one………………………I haven’t found one.
Disadvantages to My First Online Payday
This is a great way to lose your money fast. What I even found more interesting is that this website’s use has been banned in the United States.
Many brokerage investors equate this to gambling. The binary options market is considered to be one to get large, quick returns. But, it also comes with a lot of risk.
If this is something that you would like to try if you have some money lying around, frankly if this was the case for me, I would much rather go to Las Vegas and play the Craps table. The odds are a lot better.
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