Avoid The Binary Profit Method Scam
Trading binary options is perhaps the simplest way to trade and make money in any financial trading market. It also happens to be very lucrative. Due to its simplicity and quick returns on investment, this attracts a lot of newcomers who are eager to make money without putting in a lot of work. Unfortunately there are unscrupulous companies out there that know that, and they are eager to take advantage of newbie traders. One such company is known as the Binary Profit Method and it should be avoided at all costs.
If this isn’t your first time researching a binary options trading platform, then you likely already know how the story goes. There are a few truly profitable automated systems mixed in amid countless scam companies. Companies that pop up overnight, hire actors to act as satisfied customers on video, and then take as much money as possible from novices before disappearing back into the shadows.
Binary Profit Method is still very active, and we don’t trust them. They are still scamming money from new clients on a daily basis. Those who take the time to search for reviews on the company quickly learn the truth and hopefully, avoid this business.
Of course, you have the right to review the evidence for yourself. Let’s look at a few of the warning flags that let you know this company is another binary options scam.
Be Weary Of The Insane Revenue Claims
Right off the bat we’re told that the Binary Profit Method was created by a “basement trader” that makes over $100,000 a month using this system. That’s utter rubbish!!! With a claim like that, you need to back it up with some serious proof, and none can be found. No real details about how the system works, or any real information about Steve Nichols that is supposedly the guru trader behind the Binary Profit Method software.
We are told that the system is guaranteed to make you thousands of dollars per day, while at the same time being completely automated and basically guaranteeing you will make money. Any trader with some experience will tell you that there are no guarantees in trading, and don’t let anyone tell you different.
Pictures That Tell A Lie
A much more serious red flag in the case of the Binary Profit Method scam was brought to my attention. Take a look at the series of pictures they show in the Binary Profit Method video, supposedly documenting a profitable trade, which turns out to be faked. Without going too much into the specifics, there was a documented trade that was a call option and should have been a loser based on data from the market on that day.
Why did the creators of the Binary Profit Method feel the need to do that? No system is perfect, and losing trades come with the territory. The fact that they felt they needed to fake a winning trade just tells me that the system truly does not perform as well as they claim.
There is a bit of a time lapse in the pictures where no results are shown, though there should have been because the expiry time as at 8:30. Thus, at 8:30, the picture should have shown the trade to be a loss. Several hours later the final picture is uploaded showing that the trade was a winner. A clearly doctored picture and fake trade to make the Binary Profit Method look good.
To make matters worse, the picture described the price closing at 103.602565 for the USD/JPY. Interestingly enough, that pair never reached that price during the day of that trade. Not only did they lie in their photographs, but they didn’t even bother to take the time to examine the charts!
A Network Of Scam Reviews
How does a scam product get a page full of positive reviews? We want to urge you to take a good look at the network of blogs that promote the Binary Profit Method scam. They are the same sites that promote the Passive Income Bot, and both are scam systems. Pay close attention to the fake positive reviews of scammy systems on binaryscamalerts.com, thebinaryprofitmethod.com, binaryoptionautotrading.com, optionrobot.com and passiveincomebot.com and avoid them at all cost. Not all review blogs are created equal.
We Want You To Succeed Because There Are Better Alternatives
Is it all a loss? Are there no good binary options systems and signals? Thankfully there are much better alternatives than the Binary Profit Method scam. We have spent a lot of time and effort to bring together just the best, while fighting off scam blogs that simply want to push their systems on you purely for their profit and your loss.
Take a look at our site, notice that you have the option to donate $25 to any charity of your choice and receive free trading signals every day. Who else does that? It is because of this that there are other blogs out there that are jealous, but we urge you to consider your options. Look at the facts and I’m sure you will find your way back to this blog. Trade easy!