Easy Trading Signals

Direct Profits: Scam or Legit?

Our Direct Profits scam review will take a look at whether this system by Peter Rice is simply out to scam you out of your money, or if it’s actually worth signing up with them. Read on to see what we’ve found in our investigation into what the Direct Profits scam is offering.  We’re going to look at whether what they are offering is realistic, and what the chances are that Direct Profits is simply out to scam people. We found that the Direct Profits scam was initially launched in August, but we think that it got overshadowed by the Gold Digger app launch, and therefore they decided to re-launch it over the weekend.

Disclosure: We might get a commission fee if you sign up through any of our links.

Binary Options Trading

The Direct Profits scam system is a binary options auto trader. Binary Options trading is one of the easiest trading methods available today. It makes it very simple to trade not just the Forex markets, but also other assets such as indices and stocks.

The beauty of binary options trading is that you do not need to know a whole lot about where to place your stop order, or exactly what the difference between a “buy limit” and a “buy stop” trade is, and how it will affect your market entry. You do not need to worry about spikes in the market that can hit your trailing stop, or even wipe out your account if there is a sudden catastrophic market event – such as we have seen more than once recently.

With binary options trading, all that you need to do is to decide if the market is going to be higher or lower within the next few minutes. If you get the market direction right with even one micro-pip, which is as small as the fifth decimal of the market price, you win the trade. The payout and the risk amount for each trade is predetermined. You will always know before you enter a trade exactly how much you will be able to make, and exactly how much you are risking to lose, irrespective of any market spikes.

Direct Profits Scam Review Summary

 

The direct-profits.com site has the usual array of pop-ups that block you from exiting the site, the fake “spots available” countdown timers, and a counter that shows how many people are on the site – which never changes. All of this does not bode well for Direct Profits. Scam systems usually employ these types of pressure tactics to force people to sign up. The sad thing is that this has become pretty standard these days. The voice-over actor also tells you that you only have 10 minutes to complete your sign-up process, but of course that’s all bogus, you can come back in an hour and you can still sign up – we tried it.

Pressure Tactics

We have seen some very good systems, such as XE Trader or Mike’s AutoTrader that do not use any pressure tactics, and yet people often appear to prefer systems that do use these cheap tricks. The Direct Profits scam system also utilizes some very melodramatic language in their sales video (which they claim to not be a sales video), such as saying that “this is the most crucial moment of your life”, while they don’t even bother to capitalize the “I”, I really hate it when marketers are this lazy.

They try to tell us that this is not a sales video, we beg to differ. The whole time we were on the site, the number of people that were supposedly on it stayed constant at 5006, and after the initial countdown, the “spots avaiable” (that’s how they spell it) remained zero. By simply refreshing the site, you can make it go back to 49. Why the Direct Profits scam team of professional marketers would think that people still fall for that trick is beyond me.

90% Accuracy?

The part of Direct Profits system that we do like is that they are not claiming that you can make thousands of dollars per day by simply clicking a button. The trade sizes they show and the amount of money they claim you can make with their system is entirely possible over the five month period that they mention. However, their accuracy rate of 90% is simply too high to be believable. I know some very good binary options traders, and at their best they might reach 87%, and the rest of the time average about 85% accuracy, but being 90% accurate over a period of half a year is not believable.

Fiverr Actors?

What we did find amazing was the fact that we did not find the people from the testimonials on Fiverr.com, and normally that’s one of the first signs that a system is a scam. Fiverr is a site where you can hire people to create fake testimonial videos or product endorsements for a $5. For obvious reasons it has become very popular with scamming systems since they have an endless supply of people to create fake testimonial videos.

It could be that we simply did not see the people from the Direct Profits testimonial on Fiverr or that they used other actors. The alternative explanation is that they are not actors, but the other elements that usually indicate that a system is a scam counts against Direct Profits. Scam or not, we do not have conclusive proof that this is a scam. What we do have is a lot of the strategies used by other scammers, and that makes us suspicious.

I couldn’t find anything online that would indicate that Peter Rice is a well-known trader. This lack of evidence that he’s a real person also moves the needle on the scam gauge further to the “Direct Profits Scam” end of the scale.

BigOption Broker

We also did a bit of digging on the broker they show in the video, BigOption, and we did not find any negative reviews about them, so they seem legit. Normally the broker that they allocate you to is determined by your country, and other factors such as how many brokers are participating in the promotion. You might therefore see a different broker if you do choose to sign up with them.

Remember to clear your cookies before clicking on the links on this page to ensure that everything syncs up and you do not experience any issues with the service. In order to protect you and to comply with regulations, all brokers will ask you for some form of visual identification, such as your driver’s license, as well as the last 4 digits of your credit card, and proof of residency. This is standard practice and you should expect to be asked for this type of documentation. However, you should note that they must allow you to blur or block out your driver’s license number and the first digits of your credit card.

The combination of a trusted broker, plus the lack of proof that the testimonials are fake, and the fact that the profits they’re talking about is attainable make us wonder about Direct Profits. Scam or not, it might be best if you check them out for yourselves, you can do that by clicking here.