IMPORTANT UPDATE (01/12/18): Latest industry research shows that the PrizmTech software is no longer operating properly. There have been some technical difficulties with the operational processes of the system, leading to some serious issues for its clients. It is no longer a viable investment system. Users are advised to submit withdrawal requests and to consider better alternatives for trading online. The current recommended top alternative is the QProfit System for online investments.
Review Verdict: PrizmTech Is Scam
It is not rare for Forex systems to emerge over and over again, claiming to have been enhanced. That is why I was not surprised to see the Prizm Tech software by Richard Squire introduced to the community again. My first thought was that it must be a scam. But then I decided to conduct an investigation to see if this well-known name has something more to it than its former glory. The following review summarizes my findings on the Prizm Tech software and my advice on the dilemma should you trust it or not.
Richard Squire’s Prizm Tech – Background
Richard Squire is a professional trader who created the Prizm Tech software years ago as a commercial product aimed at the common person. He became a target for big corporations and trading companies and was buried in lawsuits. Only recently did Mr. Squire got the chance to market his product again. This time, not for commercial purposes. After years on the sidelines, being copied by dozens of scammers, the authentic PrizmTech software is finally available to the end user. For free.
Read further to find all of the benefits and advantages of the original Prizm Tech Forex trading software. It was created for the purpose of connecting ordinary people with the investment market and 7 years after the initial release of the software, it is now ready to be used by the day-trader for his or her benefit.
What Is PrizmTech Software?
Like I said, Prizm Tech was released as a commercial product for assisted trading years ago. Now, in 2016, Richard Squire offers his software for free. After my investigation, I can tell you it was greatly enhanced. It is a trading bot that can be used manually and with assistance, and offers not only an extremely easy to use trading environment but also trading tutorials. But what makes it different from all the rest is the so-called API key.
IMPORTANT UPDATE (01/12/18): Latest industry research shows that the PrizmTech software is no longer operating properly. There have been some technical difficulties with the operational processes of the system, leading to some serious issues for its clients. It is no longer a viable investment system. Users are advised to submit withdrawal requests and to consider better alternatives for trading online. The current recommended top alternative is the QProfit System for online investments.
Review Verdict: PrizmTech Is Scam
The Prizm Tech software generates a unique API key for each of its users. It helps make the program extremely efficient. The API key connects the broker and the Prizm Tech software, so the latter runs properly. Most scam systems provide fake API keys which leads to crashes and lags of their scam Forex trading systems.
What Can Prizm Tech Software Achieve?
PrizmTech or its creator do not boast of incredible profitability or unimaginable success rates. Richard Squire is quite forward about that – the Prizm Tech system has an average success ratio of 80% and it can generate $8,000 in a month if you start with the minimal investment. In comparison to all the other systems out there, it almost seems like Prizm Tech does not offer much.
Get Started With PrizmTech
As mentioned, the Prizm Tech software does not have any commercial purposes. Mr. Squire distributes it for FREE, after years of battling with trading sharks. He is also among the few straightforward creators – yes, this software is free but he does not spare the tiny detail that you are going to need to make a starting investment to fund your trades. The amount is $250. Upon registering with PrizmTech, you will be connected to a list of compatible brokers. Prizm Tech allows you to connect one account to multiple trading balances with different brokers, so that you can keep your portfolio of investments as diversified as possible. A rare opportunity, offered by very few trading systems out there.
Final Overview
IMPORTANT UPDATE (01/12/18): Latest industry research shows that the PrizmTech software is no longer operating properly. There have been some technical difficulties with the operational processes of the system, leading to some serious issues for its clients. It is no longer a viable investment system. Users are advised to submit withdrawal requests and to consider better alternatives for trading online.
Review Verdict: PrizmTech Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.
Blanda Castiglione says
PrizmTech is not a great choice to invest with and I’m not satisfied with the opportunities this software offers. It is not very easy to use, which surprised me because I thought it would be more simple. Warning from me!
Margaret says
In fact, I have to admit I’m disappointed. After reading this review I decided not to try this software.
Ryan says
Hi guys.
I’m from South Africa. How would I get started here. I’d obviously need to be able to fund my account from rands to dollars.
What would the procedure be?
Thanks in advance.
Collin says
Hi Ryan,
the deposit will come from your debit/credit card so you don’t have to do something special about rands to dollars conversion. The bank is doing this for you. But I would advise that you do not sign up for this system!
charles says
Hello my friends I have tested many and the last one was NEO2 , it can turn a small deposit of 250 usd to 500 usd in no time and this makes me happy. Now trusting you review looks very confident just reply my comment on this Prizm tech Can you please
Collin says
Hi Charles, the Prizm Tech software is not very reliable and profitable,
if you are looking for a solution to replace the Neo2 system,
I would recommend the QProfit System.
Collin