[Mr. Ken Russell]

Lucky 350 is a currency trading system by Chris Summers who claims to allow the novice marketer to make money by trading binary options, with just a few clicks of the mouse.

Usually these claims are designed to create a tremendous amount of interest in products like Lucky 350, and if this shiny new product will finally help you make money online. In my research, I found out that the system isn't actually made by Chris Summers, but by a person who goes by the name JP. I'm positive that JP didn't want to use his name in the sales videos so he hired an actor to portray a man known as Chris Summers. Right away, I'm unsure if I can trust a product using paid actors for marketing, let alone the claims of the millions of dollars earned by this person, but like I stated earlier, this is a system used to trade binary options.

So what are binary options all about?

Binary options by definition, is a type of option where the payout is a fixed amount or nothing. This means that when you make a trade, you recieve a fixed amount when you win, but if you lose, you lose your entire trade amount. This is a very risky proposition.

How does Lucky 350 work?

First you need to open up a trading account with their recommended broker Binary Book, which is operating out of London, England. Second, you need to deposit real money into the account, usually a minimum of $250. Binary Book is even willing to match 20% of your deposit, to entice you to make that deposit. Third, once you open up your trading account, you can use the Lucky 350 system to start trading. Now this system is supposed to tell you what to trade and when to trade it. Seems simple enough or too good to be true, right?

With further research I find out that your deposit is near nonrefundable, you might as well as kiss your money goodbye once you deposit it. Also, the reason why JP wants to give this system away for free, is because it is actually owned by the broker Binary Book to give away to their clients in order to make trades. Binary Broker actually pays JP a commission off of your deposit amount, and every other person JP refers to use Lucky 350. Now that the system is being offered for free, the lure of easy money is popular to the user.

So can you really “profit” with this system?

If you really want to try out the system for a test run, I have a few tips to reduce your risk with binary options trading. My first tip for you is to not accept any bonus matching deposit because it will make it more difficult, near impossible, to withdraw your money if you decide to quit or want a refund for your account. Second, before you use your own money to trade, call or e-mail Binary Book and ask for an account manager. Ask the account manager for a demo account so you can try out the system without using your own money.

Lucky 350: My Conclusion

I would not recommend this to anyone unless you are an experienced trader with binary options. Binary options systems have a terrible history for being incredibly high risk and even scamming, so much that government departments such as the U.S. Securities and Exchange Commission have placed warnings on such products. There are products out there that will teach you how to make a solid income online without having you to make any gambles. These products like the one that I use, have huge communities and testimonials of people and their success stories.

[webmarke]

I really think you give great advice in your review. I would steer away from trading binary options altogether...But if someone is determined to give it a try, your advice about a demo account is where they should start.

[masudraj]

Lucky 350 not good for a newbie. I used a Secret Binary options bot. it’s really very good robot. I’m so happy to say that system gives me a much better profit than other Apps or bot across my desire. I get back my investment within 2 days.