The Domion Effect – Scam or Not

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a Complete Guide for Binary Options Trading

The Domion Effect, which is not a misspelling of the ‘Domino Effect’ is a binary options software created by Tom Domion, who came up with a proprietary binary options trading algorithm. Obviously, this made him a rich person and now he wants to give back to the public and it’s the same old story all over again.

So does the Domion Effect robot actually work? Read on to find out!

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Completely free
  • Fake claims
  • No real information provided

BinaryMinery Verdict:

Not Reliable Service

What is the Domion Effect Robot?

We’ll just go right ahead and say it; the Domion Effect is a cheap and poorly produced scam. They did not even bother to hire a real actor for Tony Domion and what we get instead is something that is obviously shot for some sort of cigar or men’s lifestyle advertisement. That’s probably why ‘Tony’s’ face is all over the Internet.

And as for the figures promised by the robot; $1,800 in 15 minutes? We are seriously questioning the mental capacity of someone who believes that they can earn almost $2,000 in 15 minutes by trading binary options with a $250 minimum deposit; although that might just be the target market of these scammers. Here’s a fact: if you see any binary options robot promising these kind of fantasy numbers, most with some sort of ‘risk free’ guarantee (there’s no such thing as risk free trading by the way) then right off the bat you can dismiss them as a scam.

Moving on; while the scammers were too cheap to hire a real actor to play ‘Tony Domion’, they did however fork out the money for some cheap Fiverr actors to give some fake testimonials.

Do the first two people look familiar? They should because they are some of the most popular Fiverr actors out there when it comes to these kinds of scam videos. The one on the left is the infamous simplysoccerpro (we like to refer to him as simplyscammerpro) while the one in the middle is dclover1 (or scamlover1). In total, we estimate the number of scam videos these people have appeared in to be well into the double digits.

Oh and if you scroll over to the ‘Disclaimer’ page on the Domion Effect website, you will see that they admit that everything is simulated (aka fake).

Screenshot

How Does It Work?

If you want to know how the robot works we can’t help you because it’s most likely just a generic auto-trader bought off the market and there’s no way it can give you the profits promised. However, we can tell you how these scams work; they are all affiliate marketing scams. These scammers sign affiliate agreements with their partner brokers and when customers fund their account with said broker through the robot, the scammers earn themselves a nice little cut. That’s why all these allegedly mega money making robots are free.

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Even though these scam robots are affiliates of the broker themselves, they also offer their own affiliate programs, mainly for scammy banners and scammy spam emails (their main marketing channels). Look at some of the ‘sample’ emails they tell their affiliates to send out.

As for the brokers that these scammers usually partner with, let’s just say they are usually not of the highest quality. They are typically unregulated and more often than not, the subject of numerous complaints of fraudulent or unethical behavior. In our case, the broker we were assigned to when signing up through the Domion Effect was SternOption which is to no surprise, completely unregulated.

Final Conclusion: Is The Domion Effect a Scam?

The Domion Effect, whose name was probably chosen because it seems like a misspelling of the domino effect, is nothing but a lame scam. The only effect it should elicit on a smart trader is one of laughter and derision. Avoid this one; it doesn’t even have any entertainment value.

7 Binary Options

The Domion Effect is a binary options software program meant to generate lots of money. At least this is what is claimed in their sales page. It was created by Tony Domion, but we cannot know if this person is real or it is just a nickname. It is claimed that the application has a success ratio up to 96%, which is impressive, right? In fact, if you could ask the Wall Street professional stock traders – they would be glad to make 20-30% annual return, which they consider a huge profit and are very happy with that. 96% – do you smell the advertising here?

Tony Domion says that his Domion Effect has a secret formula that makes the application very potent. So, if you are pretty rational and want to know how this robot can generate such incredible profits, then we have bad news for you – it’s a secret formula. We have heard this story many times, so we cannot be impressed by such claims. Mr. Tony wants to assure you that $1500 daily is the least you can get with his cutting edge binary service. Can this be real? You can buy a good car every month with such money. Isn’t this amazing? Sadly, there are many reasons to make us think the program is not so safe. Keep on reading to find out why.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • There are many languages available
  • There are many assets
  • The settings can be customized
  • There is no demo account
  • The service is not licensed

7BO Verdict:

Not Reliable Service

What is Domion Effect?

There are many traders that are skeptical when it comes to applying a binary options robot. They find the manual trading safer because they have control. However, some reputable binary systems can generate profits based on pre-installed indicators. No one wants to waste money for a binary system that is no popular, has no proof for generating real profits, and is not regulated or certified. This is why serious traders try to avoid binary systems with no palpable history.

Moreover, as we expected, Tony Domion is not a real person but actually an actor who was probably hired through an online platform. There are many freelancers today who are ready to do the job for a good compensation. How can we believe a system that has a fake creator?

Even if the team who created this software made all the possible to make it look real, it does not mean that you won’t lose your deposit. Be very careful with your hard earned money and don’t believe every advertisement on the internet. We found many people claiming that they have lost their deposit instantly. This is why we decided to warn you about this binary system.

For the beginning, you can register the system by entering your name and the email address, but you wouldn’t be possible to trade without choosing a broker from their list and making a deposit with it.

Screenshot

How Does It Work?

Domion Effect is an application that has the auto-pilot mode, meaning that it can trade without your involvement. It has a special algorithm (remember the secret formula?) that is the brain of this binary system. All you have to do is to select your preferred asset and just make an investment from your pre-deposited money.

It is claimed that the success rate is 96%, but we found out that it is up to 50% in the best case, which make us think it is only about guessing and not trading.

The whole trading looks like this: you have to register by entering your full name, email address and other private details, and then you have to choose a broker. Next, you can start trading by choosing the auto pilot mode. In case you made some profits, you can withdraw your money, but here we come to troubles again. Many people complained about the Domion Effect’s withdrawal procedure. Some say it doesn’t always work.

Final Conclusion: is Domion Effect a scam?

In conclusion, we may say that there are no special features with Domion Effect. When a binary system has a success rate of 50%, how can it be trusted? Even an amateur trader can have a higher win rate. We recommend our readers to consider a more reputable binary robot.

The Domion Effect Review

There are many different types of products on the market suggesting it is possible to get rich quickly; without effort. The Domion Effect is one of these products. The question is whether their promises are genuine or not. They certainly have an appealing portfolio. Domion Effect professes to have a success ratio of 96%; this is virtually impossible even for a seasoned trader!

Domion Effect – The Basics

The theory is that a secret formula allows the Domion Effect to make the most of market movements and identify trades with the potential to make good returns. The Domion Effect is reported to earn you $1,500 every day. Indeed, the rate of return is said to be 90% and the software is free to access and use. The site is available in a multitude of different languages with an impressive range of assets and the ability to customize your settings. However, the service does not appear to be licensed and there is no practice facility as yet. Equally, the founder of this product, Mr. Tony Domion, does not reveal how the formula works.

The fact that Tony appears as an actor and no physical evidence has been offered to support the statements made suggest the Domion Effect is a scam.

Getting Started with the Domion Effect

Although you cannot be told what the hidden calculation is, it is possible to find out about the specifically designed algorithm. To start using the Domion Effect you will have to provide them with your personal data. It will be necessary to select one of their affiliated brokers and add funds of at least $250 to your account. The Domion Effect can then commence locating trades on your behalf. You can select between automatic trading and manually acting on the signals which are generated.

Domion Effect Scam or Not?

The lack of information regarding the company and the secret formula suggests that the Domion Effect is a scam. Alongside this it claims a success rate of 96% but only appears to deliver 50%. This suggests the system is not capable of what is says it is. It is advisable to leave the Domion Effect alone and try a system with a better reputation.

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