Zero Loss Formula is SCAM, Steals Credit Card Information

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Zero Loss Formula is SCAM, Steals Credit Card Information

Posted on by Patrick Jones

As complaints keep mounting in regards to the Zero Loss Formula SCAM software and Peter Morgan as a result of our previous review, we have started to receive grievances from day traders who claim their credit card information was stolen by offshore brokers connected to the Zero Loss Formula app. We believe this to be an absolutely criminal activity and think it partially has to do with the the fact that these crooks require customers to provide their credit card information as a part of the registration process. Traders are not being allowed to choose their broker (or at least research the broker they are dealing with). At first we didn’t believe these claims so we started registering ourselves. The results of our comprehensive investigation revealed a nasty binary options SCAM designed to steal your money, and our impartial review will brutally expose these cyber-hooligans and the fraudulent app they are peddling online.

Official Scam Website and Login Page:

How Credit Card Information is Stolen
The Zero Loss Formula is based on pure deception. The primary goal of this malicious app is first and foremost to get you to register and fund a trading account with one of their recommended brokers, and they will use every trick in the book in order to achieve this objective. Below you will see a screenshot of the cashier section of the software, which pops up immediately after registration is completed via the Zero Loss Formula members area. In this case they have selected Binary Bokerz as the broker, now this is not the absolute worst we can think of, but it’s definitely not the best and as you can see below their customer service is incompetent and most likely unmotivated. The support email response is extremely slow, we have yet to receive one, and we have seen mixed reviews about this broker. Still, this does not change the fact that the level of transparency is ZERO, and that’s the only real fact when discussing the Zero Loss Formula.

Zsero Loss 1ABelow you will see the software, which is a rehash of other SCAMS blacklisted here at Binary Scam Alerts such as the Quantum Code, Perpetual Formula, Hedge Formula, and GPS Trader. This exact piece of trash code is directly responsible making the lives of thousands of would-be traders miserable and filled with frustration and anxiety. Take a real good look at the screenshot below because this is how a modern-day scam looks like.ZERO LOSS 3A

Here’s the complaint which came in from one of our members. He was seriously concerned about getting an unusual phone call from a broker asking him to provide credit card details over the phone. At least he had the common sense to give a prepaid credit card and risk the minimum amount of money, other victims were not so lucky and we are currently compiling all their emails in order to gather evidence and file a report with Interpol about these con artists. 
Zero Loss 4A

As mentioned previously, the people pulling the strings behind this automated trading app are not your friends. Their methods of operation resemble those of a criminal organization and a guilty conscience is not a term they are familiar with. In our previous reviews we have plainly stated these people are out to steal your money, now we have provided all the proof required to validate our claims. We implore you to find alternative means of investing because once you deposit we will not be able to get it back this time so don’t say we didn’t warn you.

A Truly Genuine Trading App
If you are constantly on the lookout for a legit automated trading app or signals we have some good news for you. We have combed the internet looking for a legit automated trading solution, and found a few that have passed our simple yet effective credibility test. These are all proudly showcased in our recommended section.

recommended systems2

Review Summary and Conclusions
The Zero Loss Formula software and Peter Morgan is a SCAM. Our reviews exposed the charlatans behind this fake app and shed light on their misdoings. We have found this auto-trader to be a textbook example of a modern online investment SCAM, and have highlighted some of the key concerns we have with this bogus system. If you have fallen prey to this vile scheme you can kiss your money goodbye, the brokers got smart and are now having people sign documents guaranteeing their thievery withstands a legal test. We encourage all our readers and members to avoid this software and join our  Facebook Page and YouTube channel to get more updates about how to avoid online investment scams.

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  • Romona

    It’s such a shame that this credit card fraud is happening along with losing your $250 deposit. They are destroying people by doing this. Aren’t these chips suppose to stop this?

  • Joan

    I was seriously on the verge of this one before but once I got my credit card stolen after purchasing another system…I decided against it for the Time being. Glad to have found this post.

  • Sam Myers

    How many brokers should these people be giving us to choose from…if they are legit?!