Welcome to my Daily Deposits Review and my answer to the question Can you make money with this system?
I got to know about this platform through a presentation on RaginBull.com, where the founder, Ben Sturgill, mentioned how he uses the “one pre-market trade” to make profits daily, irrespective of the market direction (whether it is going sideways, down, or up).
If you want to know more about this platform and find out if it is suitable for you to make money with, you have come to the right place.
Daily Deposits Review – Who Is The Owner?
Ben Sturgill is the mind behind this trading service that helps members trade SPY successfully. SPY is a well-known ETF based on the stocks listed within the S&P 500.
The S&P 500 ETF (SPY) is an exchange-traded fund (ETF) that tracks the Standard & Poor’s 500 (S&P 500) index.
Just like most services you will see on the RaginBull.com website, it begins with a video presentation or an opportunity to join a free training class on their site.
In this video presentation, Ben provides information on his backstory, discusses the problems experienced by most traders, and talks about the primary aim of his trading system – Daily Deposits.
The video is really interesting, and Ben did a good job providing insights into his program.
However, if you check closely, you will discover that the training is more of a sales presentation to join Daily Deposits Service.
Although the presentation and free training are informative and interesting, the whole thing boils down to getting you to subscribe.
Daily Deposits Review – What Is The Registration Cost?
If you watch the video to the end, you are asked to click on a button that will direct you to the order page of Daily Deposits.
When you visit this page, the price listed to get the service is $1497 for a lifetime membership or $799 per year.
As A Member Of Daily Deposits, What Do You Get?
Joining Daily Deposits will give you access to a daily pre-market video created by Ben.
In this video, Ben explains the happening events in the SPY, as well as his top daily trade.
Although this program’s creator provides many insights into the trade he is placing and how he created his trading system from years of experience, you still need to be careful when following trade picks created by someone else.
This is why the education part of the system is useful.
When you join, you will be given access to a lot of resources and training videos that will teach you how to be successful as a trader.
Continue reading to know what you will get as a member of Daily Deposits:
Daily Pre-Market Video
Ben scans the market every morning for trade opportunities before the market opens.
Ben analyzes events like market sentiment, macro indicators, market trends, and general momentum.
You get to see all his findings in the pre-market video, which usually runs for ten minutes and airs at 7 am.
Trade Alerts
You will also receive a ‘trade alert’ in the morning at 9:05 am via text or email, immediately after the market is open.
You get to see the exact trade Ben is placing on that day.
Aside from the trade alert, you will be given regular daily updates on the outcome of the trades Ben shared with his members.
Education Material
Aside from the pre-market video and trade alert, you will also be given access to educational material and resources that will help you become a better trader.
You will also get some bonuses if you pay $1497 for the Platinum membership.
Included with the Platinum membership is access to monthly training and Question & Answer sessions with Ben.
The Platinum membership also allows you to share your membership with family members once you are done with it as part of the Heirloom Program.
Can I Get A Refund?
Yes, the program has a 30-day refund policy.
So if you are not satisfied with the services when you purchase the service within 30 days, you can ask for a refund.
Daily Deposits Review – How Does It Work?
The basis of this system lies in day trading the SPY ETF, which is based on 500 big companies listed on the United States stock exchange.
One interesting thing about the SPY is that it is based on some companies in the United States that are very popular; thus, the trading volume is high.
It is usually less volatile than trading individual stocks. Also, it makes it easy to learn how to trade one ETF instead of trading multiple ETF’s which can result in losses.
When you join, you will be leveraging Ben’s experience, as well as his trading system, with the aim of having a successful trade.
Here, the idea is to place the same trade with your trading account following trade alerts provided by Ben.
However, take note: trading is risky, and there is no guarantee that you will make money using Ben’s trade system; so if you think you will start making money as soon as you join, think again.
Is Ben Sturgill A Expert In Trading?
According to his profile on RagingBull.com and what I discovered while researching the Daily Deposit system, I can say for sure that Ben Sturgill is a real trading expert.
Ben Sturgill is a great trader who takes pride in what he does and offers excellent value.
Although there is no perfect trading system, and you should not follow any trading expert blindly, Ben’s marketing material gives the impression of someone who desires to help people succeed.
When you join, you will be given access to pre-market clips, education, trade alerts, and trade picks to help you become successful as you trade.
If you are more interested in one ETF and placing one trade daily, this service would be a nice option.
The strategy is easy to understand, and anybody can emulate it. Ben is not just a trading expert; he is also a good teacher.
However, always keep in mind that trading stocks is risky, and you can easily lose your money.
It would be best if you don’t see this as a get-rich-quick scheme or a way to make fast money.
Creating wealth through the stock market is a long-term project and is absolutely possible for anyone who is willing to learn.
Due to market volatility, people lose money trading every day; thus, you should educate yourself as much as you can instead of placing all your hopes on trade alerts created by someone else.
Please keep in mind that even when an online trading platform is legit, there is a risk of losing money.
Daily Deposits is similar to other platforms I’ve reviewed on this blog such as:
Daily Deposits Review – Is Daily Deposits Legit?
Ben Sturgill’s Daily Deposits is a trading system designed to help people succeed when trading the SPY.
When you look at the company objectively, Daily Deposits seems to be a legit platform; it does not have the outward signs of a scam.
However, the Federal Trade Commission and a group of jaded people don’t see it that way.
As the following update shows, some individuals feel that RagingBull.com and the Daily Deposits platform have engaged in misleading, unethical conduct.
Update: February 2021 – Federal Trade Commission v. RagingBull.com – Entry of Temporary Restraining Order and Appointment of Temporary Receiver
It seems that all is not well regarding Daily Deposits and RagingBull.com.
On December 7, the Federal Trade Commission filed a lawsuit in federal court in Baltimore, Maryland against RagingBull.com LLC, Sherwood Ventures, Jason Bond LLC, MFA Holdings, Winston Corp, Winston Research, Jeff Bishop, Jason Bond, and Kyle Dennis.
The case is styled Federal Trade Commission v. RagingBull.com. and is currently pending in the United States District Court for the District of Maryland.
What Is The Federal Trade Commissions Complaint?
The Federal Trade Commission’s complaint alleges that RagingBull.com used deception to sell its services and did not provide a simple mechanism for consumers to cancel their subscriptions.
Also, the FTC filed a complaint to ask the court to stop what is alleged as RagingBull.com’s unlawful practices. The Federal Trade Commission seeks injunctive relief and an award of money to compensate consumers.
The FTC also alleges that RagingBull.com had targeted immigrants, the elderly, and other disadvantaged groups and that the business is permeated with fraud from top to bottom.
As you can see, sometimes online money-making opportunities are not as transparent as they seem.
The fact that someone or some persons filed a lawsuit against RagingBull.com doesn’t necessarily establish guilt.
There are dishonest people who will sue for anything, especially if they feel they’ve lost money.
Companies as well as individuals that make up companies have the right of being presumed innocent until a pattern of negligence is clearly established.
My point is this: Just because some disgruntled individuals filed a lawsuit doesn’t mean Daily Deposits is an unethical business.
Is There Another Option To Learn How To Make Money Online?
The fact of the matter is trading stocks certainly is not for everyone.
From my personal experience, I’ve found that having systems in place is the best way to create long-term, residual income.
When you have systems in place, you are making money 24/7, regardless of where you live in the world.
The fact is when you learn affiliate marketing, what you are doing is creating a system (blog or website) or multiple systems that allow you to make money on autopilot.
When you make money on autopilot, this frees up your time, and when you free up your time, this reduces the level of destructive stress in your life.
No more stress of working on a job you hate but have to do to feed your family.
Gone is the stress of never having enough money to pay your bills.
Since you’re making money on autopilot, you’re making much more of it than you ever could working your life-sucking job.
With more money coming in, now your time is free, allowing you to scale up your business up to six and seven figures.
Everything, especially your health, gets better, because of less stress. You have more time, more money, and more freedom.
Do You Want Time, Money, And Freedom?
Time. Money. Freedom.
Why on earth would you not want this?
What sane person would not want to leverage the power of the internet in their favor and learn how to make money online?
What person with HALF a brain would say: “Naw, man… I don’t want more money in my life, more time to spend it, and freedom from my job that sucks.”
When you learn Affiliate Marketing with the help of the Wealthy Affiliate platform, you learn how to create passive income by leveraging the power of the internet to monetize your blog or website.
This is what Wealthy Affiliate does best: teach people how to make money online.
If you want Time, Money, and Freedom, click on the banner below and create your FREE account so you can try out Wealthy Affiliate to see if it’s right for you.
When you really think about it, what do you have to lose if you can try it for FREE?
The choice is yours, my friend!
Talk Soon,
Howard
Trading, in my opinion, is a risky business, if you can not afford to lose money do not trade.
However, if you have a few extra dollars to play with, why not, no risk no reward.
My only advice is to do your research and learn what you are getting involved in. In affiliate marketing, you invest your time and wait for results.
Hello Diana,
Great comments.
Your point is well-taken: DO NOT invest money you can’t afford to lose.
The volatile nature of the stock market proves this point.
However, if you’re able to invest and are comfortable taking risks, it can be very lucrative.
Great points in your comments!
Thank You for reading!
Thak Soon,
Howard
As I read through your review on daily deposits, I kept thinking to myself. “This is not sustainable”.
Then I got to your update and saw the government agrees with my gut feelings.
I see so many systems that are for sale teaching how to make money. Most of them are pretty sketchy.
At the end of this post, you mention Wealthy Affiliate, which I would have recommended to you had you not been a member yet.
Thanks for adding the update. I don’t think I would have jumped on the offer, but the warning seals the deal – No on Daily Deposits and Ben Sturgill.
Hello Rich Gilbert!
Thank you for taking the time to read.
Whenever you are thinking about investing in any cryptocurrency platform, you need to do your due-dilligence and do as much research on it as possible before investing your hard-earned money.
The problem is once you invest your money, it’s nearly impossible to get a refund from these guys.
If it’s a scam, you will almost always lose your money.
Therefore, be careful!