Digital Formula Review – a Scam or Legit Way to Trade Bitcoin?

Welcome to my Digital Formula review. If you want to know whether or not it is possible to exploit some secret loophole to make 1000’s in the next 24 hours, or it’s a scam, make sure to stick around. I show you some severe warning signs!

Digital Formula Scam Review

Product Name: Digital Formula

Owner: Neil Carter (Pen Name)

Price: $17 + $250 Investment

Recommended?: No

Quick Summary: In my opinion, Digital Formula is an unethical funnel, which is the best for the owner. You are lead to believe that you’ll make thousands within the first 24 hours using some secret loophole trading bitcoin and other cryptos. Unfortunately, the sales pitch has nothing to do with reality. Also, they are using fake testimonials to convince you that this is real. But in reality, you could end up losing a lot of cash on this. Scam Alert!


Niel Carter claims that his Digital Formula is a completely risk-free investment. He also goes on and tells how you can make thousands of dollars every day like clockwork by trading Bitcoin and other cryptocurrencies if you agree to buy his system.

In reality, Digital Formula is another overhyped ClickBank product that promises impossible. Is it a scam or legit?

By the way, congratulations on researching before getting into things headfirst. I know it’s hard to trust people on the net these days. But if you are looking for something real, check out this genuine way to make money with affiliate marketing.

Within this Digital Formula review, I’ll show you what it is about. Also, I’ll explain how the whole thing works. I’ll show you some warning signs and give my take on whether it is a scam or legit way to make thousands per day.

What is Digital Formula?

If we are to trust Neil Carter, Digital formula is a system for trading cryptocurrencies on fully automated principles. He has designed the system after he spent a great deal of time and money analyzing how cryptocurrencies work. He has discovered some loophole that allows you to make money of cryptos in just a few clicks.

You are going to be one of the few lucky people who will have a chance to earn up to $2,254 in the next 24 hours. Moreover, if you buy this, the money will keep rolling in like clockwork.

During the video presentation, you can see a few customer testimonials as well. Those people are paid to say how Digital Formula has changed their life. This tactic has been used to sell many other shady products like this one. For example, I’ve reviewed similar programs like Cash Formula and Digital Payday.

Digital Formula Fake Testimonial

Who is Niel Carter?

Neil Carter says that he’s the guy who knows how to make money online. He goes on and brags about the knowledge he has gathered about Bitcoin comparing the situation with the one that the internet has created in the past.

I have to say that I agree with some of his points on Bitcoin. However, he’s using that information to make you believe that his Digital Formula is a solution for trading cryptocurrencies, which is not! I’ll prove this later on during this review.

Before he has discovered his revolutionary system for trading cryptocurrencies, Neil Carter was working as a software developer for some big company. Like every other self-respected geek, he spent his time reading about new tech trends and other stuff like that. Neil goes on and says that at first, he was a skeptic when it comes to Bitcoin. But then, as he convinced himself that it is a real deal, he bought a wallet and loaded it up with Bitcoins, which in the end brought him massive financial success.

Bur since there is no proof that Neil Carter is a real person, I don’t trust a single word from this guy. You see, Neil Carter is a fake name. He doesn’t exist. If he were a real person, you would not have any problems to find him on the internet in just a few clicks.

How Does Digital Formula Work?

So far, Neil Carter tried to convince us that his automated trading system works flawlessly. Moreover, people that appear during the video presentation claim that the system has made them thousands so far. Neil has discovered this secret loophole that will allow us to do the same for only $17.

That’s a pretty low price for a revolutionary system like Digital Formula.

However, the truth is that the software behind is no better than a free trading software that you can find all over the net. Neil Carter throws in a bunch of outdated information together with software to justify the price. I went into further research to discover what happens if you decide to buy Digital Formula, and what I found was shocking.

After (don’t!) you buy this shady software together with a half-baked training on trading cryptos, you’ll have to start trading. To do so, the owners of the software will connect you with a personal broker. He or she is going to be the person who will run the trades for you. He is going to convince you once again in the story from the beginning and ask you to invest an initial $250. If you don’t do so, you won’t be able to use the system.

The whole point of the system behind Digital Formula is to keep losing trades so that they can ask the victims for another deposit. As long as the person keeps on following the instructions, the man behind the scam will make money on commission.

Unfortunately, there is no revolutionary system that will help you to make up to $2,254 in the next 24 hours. There is nothing behind Digital Formula except a scam designed to fill the pocket of those who stand behind it.

Neil Carter claims that this system is worth $1,997. However, he’s willing to give it to you for only $17.

This statement is as ridiculous as the whole system itself. Moreover, as you were able to see, there will be some extra costs in terms of the initial investment. They will ask for $250 at first and then for more if you keep on investing.

How to Start With Affiliate Marketing and Make Money Online?

Luckily, There’s a Refund!

Digital Formula is a product that sells on ClickBank, which means that you can ask for your money back. I advise you to do so immediately!

Make sure that you don’t go through Digital Formula customer support because they might ignore you, and you can lose your money. Instead, go directly to ClickBank customer support. They will do it without any hassle.

Digital Formula Warning Signs

1.) Fake Student Testimonials

The first red flag that appeared over this product is too many times seen fake student testimonials. The people who have created Digital Formula scam have hired actors from the site called Fiverr.

You see, if Digital Formula were a legit way to make money by trading cryptocurrencies, it would have many real faces testifying the truth. Here is not the case. That is the first sign which tells me to stay away from products like this one.

2.) Unrealistic Income Claims

For a few times during the video, Niel Carter brags about his earnings. He shows you his account balance to make you believe that he’s the real deal. Somehow those numbers seem fake to me.

Moreover, he goes on and tries to convince you that you can make up to $2,254 in a short period of 24 hours! That is pure nonsense. Digital Formula does the same thing as many other similar offers online. They are trying to get you in by giving you false promises like this one.

3.) Fake Owner

Another red flag that stands above Digital Formula is probably the fake owner. As I’ve mentioned for a few times so far in this review, Neil Carter doesn’t exist.

I did some researching on Google before writing this review. As far as I was able to see, the only bigshot with the name of Neil Carter is some guitarist/musician who happens to share the name with our business mogul.

If Neil Carter were a legit trading expert with a revolutionary system, he would stand in front of the camera to back up his story. Moreover, it should be easy to find him on Google search if he is what he claims to be. This way, there is nothing else to believe except that he’s a fictional character.

4.) False Scarcity

To make you buy Digital Formula, the spokesperson tries to convince you that there is a limited number of people allowed to access his system, so you better act immediately. Or if too many people start to make money, they will have to take down the system, which is something I don’t quite get.

Furthermore, the guys will tell you that you’ll regret this chance if you don’t act now, the offer might be gone tomorrow and some other blah blah which you shouldn’t take seriously.

Fake scarcity is a powerful tactic for putting pressure on people to buy.

5.) There is No Revolutionary System

The truth is that there is nothing revolutionary behind this system. Neil Carter, or whoever stands behind it, threw a lot of icing on the cake to cover up the mess inside.

You see, the fact is that we live in a funnel mania. Digital Formula is nothing except a well-worked funnel. It is designed to take you through a few stages until you agree to invest the initial $250. To justify the action, the owner did throw in a bunch of PDF scripts on Bitcoin into the deal.

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Is Digital Formula a Scam? 

The answer depends on how you look at the scam. In my opinion, it could be both ways. Because the creator is using fake testimonials and misleading claims, Digital Formula is a scam. On the other hand, because he gives you something in return, it’s legitimate.

Either way, this offer has too many warning signs, and I do not recommend having anything to do with it. At first glance, I thought that it might be something different. However, it’s not. In my opinion, it’s an unethical program and not worth risking your hard-earned cash. One could say it’s a scam even.

The fact is that the Bitcoin mania is getting mainstream. The people who profit the most out of Bitcoin are the ones who act before the general population starts to jump in. Once the ‘rest of the world’ starts to do the same as early investors, the thing begins to lose its value.

I would recommend a long term investment. I believe that cryptocurrencies are not over, and they will be a real asset in the future, the asset worth of having. Day trading, on the other hand, is full of risks. If you don’t know what you do, you can fall on a scam or end up with empty pockets.

How I Make Money Online!

Thanks for reading my Digital Formula review. I hope I have helped you to learn more about what it is and how does it work and answer your question, whether it is a scam or legit. If you have any questions about the program or maybe you can offer an experience, feel free to leave them in the comment box below.

Before I let you go, let me tell you how I make money online with affiliate marketing with the help of REAL people. The training that I recommend has everything you need to get started online with zero costs and nothing to do with getting rich by tomorrow.

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If you need any help or you have a question, feel free to contact me!

All the best, Ivan.

Ivan Head Shoot

Founder, and CEO

8 thoughts on “Digital Formula Review – a Scam or Legit Way to Trade Bitcoin?”

  1. I’ve been trading a couple years back, and i can tell you from my experience that making a living out of it is next to impossible. It does not matter what you are trading, Bitcoin, Forex or rice and beans… You need to have a stupid amount of money to make decent income, and the risk to lose money is still present. When it comes to these types of products i.e. “Investment programs”, “trading robots” and “magic indicators that predict future” they are ALL scams, not just this one. When it comes to affiliate marketing, i know that it’s hard work, and that’s about it. Still we need more articles like this one on the internet, so people won’t get scammed that easily.

    • Hi Roman, yes, that’s true! I think that trading Bitcoin and such is next to gambling. There is no such system which can help you to automate the process, nor you can make money as fast as Digital Formula system claims. Affiliate marketing, on the other hand, is a great way to make fair and square money online.

      Thanks for stopping by and leaving your comment, I’ll do my best and keep delivering.

  2. Great post and excellent information Ivan. There are a lot of scams like DFR that claim you can make big-time money in a little amount of time and minimum investment. For me personally, it was stuff like this that kept me away from trying to earn money online. It wasn’t until I came across Wealthy Affiliate that I saw it could be done and it wasn’t all a scam. Unfortunately, truthful products are not always being promoted with the same vigor and enthusiasm as the scam products. Very informative and thanks for sharing this article, hopefully, it will save some people from falling victim to this scam.

  3. Hi Ivan,

    $2,000+ per day Crypto trading is possible but it takes a huge amount of investment to get to that point – taking $50k to $100k based on regular daily swings of between 2% and 4%. Investing THAT much…like hell I’d leaving it down to some “magical” software. I’d be watching it like a hawk.

  4. Hello Evan and i thank you from my heart that you have saved many from falling prey to this scam your content about it was deep and well explained you attacked the neil carter in personal and his professional network which was just awesome.
    From your article i came to conclusion that there is no shortcut for earning money online all you have to do is smart and hard work
    Thank you

    • Hi Muddassar, thanks for leaving your comment here 🙂 much appreciated! Yes, there are no shortcuts. Only hard work matters. Everyone who claims differently is up to no good. I’m happy if this review has helped you to learn more about Digital Formula. If you have any questions, feel free to ask.



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