Daily Trader Club and BIT Options Society are the same! It's a two-fer people! I really love it when scams do this, because you get to kill two scammy marketing campaigns in one go. This time it's even better, since both claim that Stephen Gilbert is their “Senior Chief Advisor”. Not sure what that means, but clearly both the Daily Trader Club and BIT Options Society used exactly the same marketing people as well as the same website designer – both should be fired.
It has useless countdown timers, it has a fake “licenses left” counter, it has fake trust badges (try clicking our badges, they’re real). BIT Options Society and The Daily Trader Club site has everything that all the other scams have, and then some.
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Daily Trader Club and BIT Options Society Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Paid Actor Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Possibility of Being a Rip-off: 97%
Price: Free. Have to sign up with one of their brokers.
Auto-trading: Yes, fully auto-trading system
Available In: Everywhere scams are sold
If you're new to binary options trading, this explanation of how it works should help make it clearer. Binary trading has taken the trading industry by storm over the past couple of years as day traders who have been used to scalping tiny returns for small stock trends can now obtain returns up to 90% for these same small stock movements because of binary trading. In its most simple form binary trading is a direction based, win loss proposition. With the BIT Options Society and The Daily Trader Club my guess it's going to be more of a loss situation than a winning one.
If the trader is right in selecting the direction of the underlying asset in a given period he/she will get a predetermined percentage (ordinarily anywhere between 60% and 90%), and if the trader is wrong in choosing the direction of the underlying stock in a given time-span he/she will lose anything between 85% and 100% of the trade. Keep in mind in binary trading the range of the underlying asset move is inconsequential, the direction is the only thing that matters.
With binary options, traders also do not need to think about where to put your stop-loss, since market movement that happen prior to the conclusion of the trade has no influence on the outcome. This suggests that whether or not the market spikes up or drops down it makes no impact so long as the market finishes either higher or below based on if you did a PUT or CALL.
Daily Trader Club and BIT Options Society Rip-off Red Flags
From the very first moment I looked into this scam, I immediately started collecting red flags like they were tulips in Amsterdam. You've got a full house of tricks here on the The Daily Trader Club site, they list bogus “verified trades”, “verified live profits” and they claim the site is “100% secure” – none of that is even remotely true! Then on top of that, they have a fake countdown timer, bogus news links that lead nowhere and a Norton Secured badge that they just slapped on there.
The real fun started when I discovered a sister site, BIT Options Society, take a look at that! They're identical! The only real difference is that this site have a big yellow “sing up now” button, not sure what you should be “singing” about though. On this page we suddenly find a reference to “Proven Profits”, which leaves no doubt that this is a recycled system that you simply cannot trust.
I'm also a bit confused about the “413 people looking at this item right now” and “most recent item was bought 9 minutes ago” pop-ups. It looks like someone just copied those from another site that sells physical items or something, very weird.
When it comes to fake testimonials, The Daily Trader Club and BIT Options Society both have you covered!
I did quick online checks to see if I could find “Adam Cole” on a Google image search, and immediately got results. The same thing happened when I checked “Keith Lawrence” – see results below – as well as everyone else on their phony testimonial list! It's all fake.
Things get really bad for both The Daily Trader Club and BIT Options Society when you find out that they have exactly the same bogus testimonials! They didn't even change a thing, it is literally exactly the same! I was totally disgusted when I saw this!
So what about “Stephen Gilbert”, the so-called “Senior Chief Advisor” of The Daily Trader Club and the BIT Options Society? Well, as you can see here, he's also listed on both sites.
It didn't take a lot of digging to find out that he's just a model for a stock photography site, check his sweater if the angle throws you off, and you will see this is exactly the same guy. The guys behind The Daily Trader Club and BIT Options Society really did not put in a lot of effort.
What about the Twitter and Facebook feeds? Surely those are real, right?
Turns out that they were also simply copy-and-pasted, with all the names kept the same, and simply swapped out to read “Daily Trader Club” or “BIT Options”.
It's a sad day that a low-quality scam system like this was even released, they should be ashamed, not just for trying to cheat people out of their money, but also for producing such a poor system!
Daily Trader Club and BIT Options Society Review Conclusion
I realize that you came to read this review hoping that you had found something that will make you some extra cash. Daily Trader Club and BIT Options Society is not the system that is going to do that for you. There are a number of other systems that we have reviewed on this site that is definitely better than this!
Note that you should always make sure you are clear on the terms of any Bonus offers. Ask questions if there are terms or conditions that are not clear to you. All binary options brokers, with the exception of Nadex, are not regulated in the USA, so make sure you understand the implications.
You can make money with Binary Options trading, just not with this bogus system. Please take a look at our recommended binary options systems and their reviews.
If you want something that will trade on complete auto-pilot and provide you with excellent trading signals. Well, I believe then this is one of your best alternatives. It is not full of hype, there are no crazy claims and the concept is sound.
What the Copy Buffett software does is to take away that complexity and responsibility from you, and wrap it all up in their online trading software. You don't need to download anything and you don't need to know about any of the details of how it all works. If that is what you're looking for, then this is the binary option system that you have been waiting for.
To sign up you will need to provide your name, an email address that you will be able to monitor for any important notifications, and you will need to fund your trading account with one of the brokers available to you. Remember to use a good email address, since you will need it to sign in to your broker account. The broker that you sign up with through the Copy Buffett app will need to verify your identity, and for that they will need a copy of a formal identification document, such as a driver's license. The process should be quick and easy, and you will be able to trade within a matter of minutes after signing up.
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