I came across Quick Cash System (QCS) after receiving another spam email. Normally, I don’t bother opening these promotions of doubtful programs, but this time I had a look. What I found was a sales video that was better produced than many I’ve seen, promises of easy money and an unusual story. All this was presented by an attractive looking woman, she’s probably the reason many keep watching the video till the end and get sucked into this binary options program.
After spending such a long time watching the video, I decided to review the Quick Cash System to see how this binary options program really works.
Product: Quick Cash System
Overall Ranking: 10 out of 100 or 0.5/5 stars
Price: free to join QCS, but you have to deposit $250 with a broker to use the system
Owner: Sarah Markel??
Website: http://quickcashsystem.com/
What is Quick Cash System all about?
This is a program that offers software to predict the movement of binary options. With an incredibly high success rate, they say 99.9%, you are sure to make lots of money. At least that’s what they would like us to believe.
In reality, this is just a site that refers you to an online trading platform where you will deposit your money and Quick Cash System will be paid an affiliate commission.
Once you have deposited your money with a broker, the software tells you how you should trade and you can do this manually or on autopilot. Whatever you choose, it will be a question of time before you find yourself with no more cash.
The Quick Cash System Video
The people who produced the video have done a very good job and perhaps they are marketing from a different sort of angle. Sure, you have a nice car and a big house, but this time you have a sexy looking woman, who is meant to be Sarah Markel, presenting the program. She is probably an actress, but quite convincing in the part.
Sarah has supposedly made a fortune trading binary options using the Quick Cash System software and now she is offering the software, free of charge, to anyone who wants to make some money.
After the introduction I had the impression that they were probably aiming to get the male watchers hooked, although as the video continues, there is an unlikely story with a touch of heartbreak that would also appeal to any women watching.
I won’t go into the story, you can watch it yourself if you have the time, but be warned the video does go on a long time, about 45 minutes. In the video you do get a few testimonials, but these actors aren’t as convincing as Sarah. In addition, Sarah goes into a restaurant and helps a waitress who is unhappy in her job, earn more than $1000 in a few seconds!
To move on to the second video you have to enter your email address.
The second video is thankfully much shorter than the first. Sarah shows a guy from the grocery store how the system works. She takes him through the process of opening an account with a broker, depositing his money and then of course he starts making money almost straight away.
Quit your job in 24 hours, be a millionaire in 100 days, this is what you’re promised with this program. Converseley, I would say don’t quit your job and the only person who is likely to become a millionaire is the owner of the program who will earn commission from the brokers.
Signing up with a broker
After the second video you are invited to sign up to one of the brokers on the page. There may be only one broker or sometimes more than one. Once you’re signed up you have to deposit a minimum of $250 to get started.
When I was checking the program, there were 2 brokers imposed, Big Option and Master Option. I checked out their reputations.
Big Option is registered in England, but is not licensed by the Cyprus Securities and Exchange Commission (CySEC)
Master Option has offices located in England but is registered in the Pacific island of Vanuatu, again they are not licensed.
You can find complaints about both these brokers online, either for lack of customer service or not returning customers money when requested. Of course, this may be a very small minority complaining, but it is nonetheless worrying. In general, you should only trade with licensed brokers, so this alone would be reason enough not to go any further.
Since the Quick Cash System has been online, they seem to have used several different brokers. I have seen some comments, that allegedly come from the brokers, saying that they are going to end their affiliate relationship with Sarah Markel because she is misleading people.
I also think it’s worth mentioning that if you deposit your money with a broker you might have great difficulty recuperating your investment should you change your mind. Below are the conditions for withdrawal from one of the brokers mentioned above.
Not all brokers have conditions this strict, so always check out their conditions before signing up.
Another note of caution is regarding the bonus QCS promise you. When you deposit your money with the broker QCS will match your deposit. Very nice to have an extra $250 to play with, but in reality this money will come from the broker and it comes with strings attached. Again, this will depend on the broker, but it is common for the brokers to require that you trade 10, 20 or even 30 times the amount of the bonus as you can see below.
How do Quick Cash Systems make money?
They make their money by being affiliates to the brokers. For example Big Option offer:
- $500 Cost per Acquisition (CPA) – this means that as an affiliate marketer, you get paid a set amount for every trader you bring to the broker. There may be some restrictions such as the trader must make a deposit within a certain time or
- 35% revenue share – the affiliate marketer receives 35% of the revenue generated by the client he has referred.
Here you can see this is a lucrative market and understand why QCS went to the trouble of making such an elaborate video. They are simply an affiliate for the brokers, their cynical system doesn’t exist, it’s impossible to have software that can predict movement in the markets.
Help and support
QCS don’t seem to have any help and support. There is a button for support, but when clicked on it just opens an email. The phone number they give is the number of Checklayer a web hosting company in the UK. Why they give this number I have no idea.
What their members are saying
What I found was people complaining that the system doesn’t work and they lost their money, no real surprise here. The other complaints were about the different brokers: people having problems getting their money back and also being harassed by phone calls to persuade them to deposit money with the trading platform.
My final opinion
Don’t join Quick Cash System. Don’t waste your cash with this program. Don’t open an account with the brokers they recommend without doing your research. Otherwise, you will lose your money.
Remember, if you accept the bonus from the broker, although it sounds very inviting, your money will be tied to the broker until you make the number of trades required. By which time your money will probably be gone!
Trading binary options can be fun, but it is like gambling. If you want to give it a go, find a good broker and educate yourself. The better brokers will have an education center and will also offer a demo account. Use the demo account to make trades without using any money, until you are comfortable. Only then should you start trading.
However, you should always beware that most people lose their money trading binary options.
Above all, do not count on Sarah Markel and her system to make you money. The Quick Cash System doesn’t work, if you rely on this making you some money you will be disappointed and you won’t even learn anything about trading binary options.
Verdict: Scam
Making money online takes time and hard work, these types of shortcuts only end up costing you money. I don’t think it’s possible to get rich quick unless you are very lucky, that’s why I only promote legitimate ways of making money like affiliate marketing. With the help of some good training it’s not that hard, you just have to put in the time and hard work. Most people fail because they give up too quickly, you must also be determined and patient.
Assuming that you have these qualities, affiliate marketing could be for you. It’s possible to get started for FREE, with an online training program that will teach you how to build a legitimate business.
If you have any experience with Quick Cash System I would be delighted to hear about it, or if you have any questions or comments please leave them below.
Thanks,
Peter
Quick Cash System what a scam.. they keep spam emailing me from different email addresses and calling me from different numbers. I saw the promotional video on facebook. If it wasn’t so hyped up I’d probably have joined with out looking into it. The actors are so fake I think they’d need to brush up on their acting skills. So many people join and lose their money within a few hours of joining.
As you say Gaz what a scam! I thought the video wasn’t bad, better than many you see in the make money online niche. Lots of hype of course but with these sort of products there always is. It’s just one of the warning signs. Looks like it’s the hype that saved you!
All these binary options programs/scams use more or less the same formula, some mystery software that can predict the markets, which of course in impossible. You deposit your money with a broker, the binary options program make their commission and you then lose your money. You made a good decision to stay away!
All the best,
Peter
I remember signing up for a binary options scam a while ago. The catch was to only spend a few dollars to join and I could be making money online.
What the program didn’t tell me is that I would keep receiving phone calls from a “mentor” until I picked up the phone, and it would also cost more money for “upsells” as well investments on top of that. I hate these scams!
The Quick Cash System reminds me of just that, but by a different name! Thanks for an honest review and for exposing the QCS as dirt.
Neil
Hi Neil,
The binary options scams all seem to work in a similar way. Cheap or free to join and then you have to deposit your money with a broker. As you say you also risk being hounded by someone to try and get you to invest more. Of course the software that is supposed to make you a fortune never works and you are left losing your money while Quick Cash System or the other binary options scammers earn their hefty commisions from the brokers.
All the best,
Peter
Hey Peter,
Great review on quick cash system. Gosh is there a ton of these binary option scams going around. People think that they there is some magical system to predict stocks. This is the most idiotic thing I’ve ever heard of.
I can remember back in an economics class in college when we reviewed the performance of highly trained and educated stock market traders compared to monkeys randomly throwing darts at a dart board with random stocks placed on it. Guess who won the competition after following the stocks for 6 weeks? That’s right, the monkeys.
There is just too many variables that are out of ones control to be able to predict stocks. For anyone who’s asking themselves what is this quick cash system and if it’s worth the $250, you’d be better off spending that money on creating a real online business.
That’s what I did a couple of years ago and every day I make passive income online.
Great review Peter, hopefully you’ll get the word out about this binary option scam.
Todd
Hi Todd,
Yeah, these binary options scams seem to be everywhere at the moment. Of course, it’s impossible to predict whether an asset is going to go up or down with some computer program as all these schemes would have us believe. As you show with your experience in your economics class even the so called experts have a job to make money. All these schemes want is for you to deposit your money with a broker so they get their commission, there is nothing more to these scams than that, the software they are meant to offer you is a load of nonsense.
I’m glad you created your own online business, I think it’s certainly the best way to earn money online and a much better investment than binary options. Really awesome to hear you are making a passive income and I wish you continued success.
Always great to hear from you,
Peter
This binary options is the new hype of making money quick. There are lots of scammers around now and they all are promoting the same thing with different names.
There may be some real legit brookers around but appearently this one seems not like one of them.
Thank you for revealing this scam aand warning people. Great review!
Hi Tyler,
There are really many binary option schemes promoting software that is meant to be able to predict whether the market is going to go up or down. This is of course impossible! These schemes then usually recommend a broker to deposit your money with. Unfortunately, some of these brokers are also sometimes not completely legit. Anyone interested in binary options should take the time to understand the markets and then find a legitimate broker. Don’t believe a program that promises you easy money, it doesn’t exist.
Thanks for your visit,
Peter
This is an absolute scam, but at least the sales video was entertaining (if you know what I mean). Sarah Markel is an actor that was hired to play the role of a divorced woman that has found a secret program that made her a millionaire.
There are so many products online that has a similar flow to them.
Hi Viljoen,
Yes, the video was more entertaining than many you see in the make money online niche. However, the end result is they are promoting another binary options scam.
There are many similar programs online, that are only interested in getting you to deposit your money with a broker, so they make their commission.
Have a great 2016.
Peter
Unfortunately I was lured many times into a binary options program without realizing. The video then would talk about earning quick money and then ofcourse the reality hits. You have to make 250 $ mim deposit. What most of them don’t tell you is that, the less cash you put out, you will notice that you have far more losing trades than winning ones. I am happy you wrote a blog about one of them so other people will be notified of the dangers of these customs. Thank you so much.
Hi Nancy,
As with many scams, the carrot of quick easy money is used to draw you into the program. After you deposit your money with the broker, you find little by little you lose your money. Their software that promises a large percentage of winning trades just doesn’t work, it’s not possible to predict the markets. Even traders who spend hours studying the markets, lose a fair percentage of their trades. Binary options are a form of gambling, if you try it you should be prepared to lose your money. Above all, don’t rely on software like this to pick your trades, you will lose your money even faster and deposit your money with their recommended sometimes unregulated brokers.
Thanks for your comment,
Peter
Wow! This is a very well built website. The images, widgets and color fonts pops out at me. It give me the encouragement to browse the site and explore all the goodies. Your colors are well chosen and the theme you chose seems to work well with your info. Thanks for this review on the Quick Cash System which is another binary options scam people should stay away from. Great job Peter!
Thanks for your comments on my site Andimax. The Quick Cash System is a scheme to get your cash, the best thing about this program is the sales video which is well made, but goes on a long time. There are many of these types of scams online more or less all with the same mode of operation – you deposit your money with a broker, you make trades and you lose your money. The only winners are the brokers and the producers of the false software who are paid a commission by the brokers.
I think it’s best to stay away from binary options unless you’re ready to put in some work and follow some strategies. Even then, this is a gamble and you will need luck to make a profit.
Best wishes for 2016.
Peter