The Passive Profits scam is perpetrated by the 19 year old self-professed thief and blackmailer Nathan Birch. This is no doubt one of the most bizarre stories we have ever heard about how someone obtained the technology behind their Binary Options auto-trader. This Passive Profits review will reveal exactly why you should stay away from it.
Disclosure: We might get a commission fee if you sign up through any of our links.
Passive Profits 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 Scam: 100%
- Price: Free. Have to sign up with one of their brokers.
- Available In: All Countries
So this Nathan Birch guy tells us this whole story about how bad his dad was, and how hard his mom worked to support them with multiple jobs. He then notices his dad is spending more and more time in his office, and one day while his dad is at the dentist, he sneaks in and starts combing through his dad's computer.
While young Nathan is looking for evidence of his dad's indiscretions, gambling, and other vices to be used as blackmailing tools against him, he stumbles upon the Passive Profits software. Not wanting to tip his dad off about what he discovered, he steals a copy of the software and that's what he's now trying to give to us.
Why would there be any reason to trust a guy that openly claims that he stole the Passive Profits scam software in the first place. Even if that was the truth, it still means that he obtained the software illegally and that it belongs to another party. Do you really want any part of his stolen software?
Guaranteed $50,000 Each Month?
I honestly cannot believe that the Passive Profits scam promises that it will make you at least $50,000 each month. There is no evidence of months of testing, no Facebook group or Twitter feed that gives us any trading history on Passive Profits.
There is no way that a legitimate signal provider will give you a guarantee like that, because past performance is no guarantee of future results. You will see that sentiment echoed in all our articles and disclaimers. There is the possibility of huge rewards with trading Binary Options, but that high reward also comes with high risk, just like any trading, and that is also why you should never trade with money that you cannot afford to lose.
Can You Make $50,000 Per Month With Binary Options?
You might ask if it is possible to make $50,000 per month trading Binary Options, and the answer is yes, but it's not nearly as automated as the Passive Profits scam would like you to believe.
In order to get to the figure of $50,000 per month, you would need to have an ITM accuracy rate of at least 85%, with a profit return of 85% on each trade and do 18 trades each day and $250 on each trade.
Here is a link to and Excel file that will help you calculate how your win rate and payout percentages affect your Binary Options trading results. You're welcome to download it:
So is it possible? Yes, yes it is, take a look at some of these examples, and bear in mind that these are mostly consecutive wins. Then take a look at the winning averages further down too:
Bear in mind that the results for 11/16/2015 come in the wake of the terror attacks in Paris, which made the markets behave erratically for some days:
The only problem for the Passive Profits scam is that these stellar results are not from their auto-trader! These results are from Mike's Facebook Group of traders! I've only posted a couple of examples here, but there is a full review of Mike's AutoTrader and Facebook group .
I do not see any such similar proof for the Passive Profits scam site, and I'm pretty sure that the lack of such evidence is because there is none to be found. The whole Passive Profits site purely exists to take money from you.
When you sign up for Mike's AutoTrader, you get free access to the Facebook group as well, so it's really the best of both worlds. If you’re completely new to Binary Options trading, it might be a good idea for you to first familiarize yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.