The Scoop On “The Profit Hack”: Watch Out!
The Profit Hack, is a purported genius and fail-proof binary options trading system that promises to make you money online. We can tell you outright that it is not one of the apps we would trust with a trading deposit. In fact, quite the opposite is true, we urge you to avoid the Profit Hack scam like the plague. There are many ways to invest your money and many ways to make money online. If you're like millions of other people, you're interested in doing one or both – earning and investing online, but you should do it the right way.
Unlike rip-off sites that don't divulge this, we need to explain something. Irrespective of which link or website you use to sign up for this solution, someone might get a commission. That includes links on this site. Our join links can be trusted, due to the fact that they are behind SSL HTTPS security, so you can be sure of the origin. Let's dig right into our Profit Hack review.
Profit Hack Review Summary
Annoying Browser Pop-Ups: Yes
Fake Live Streaming: Yes
Fake Scarcity Counter: Yes
Fake Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Probability of Being a Rip-off: 99%
Price: Free. Have to sign up with one of their brokers.
Auto-trading: Yes, full auto-trading
The Profit Hack is Available in: Australia, Canada, Ireland, New Zealand, South Africa, United Kingdom, United States
What's So Bad About The Profit Hack?
In a word: everything. For starters, the Profit Hack “live” streaming page, which begins by welcoming you with a sound check, isn't even live, it's fake! It is a prerecorded message that won't even allow you to back off the page without the intrusive “Are you sure you want to leave?” pop-up.
If you're interested in binary trading options, the first thing you need to avoid is going into is an arrangement with a company like the Profit Hack scam that's trying to trick you from the get-go.
Next on the rather long list of red flags is the fact that the Profit Hack is far too keen on immediately getting your credit card information. They claim it is to make a deposit for your trading account at a binary options broker, but should you trust these people? You have no idea who the creators of the Profit Hack software really is or what kind of reputation they have.
Another troublesome indicator with this Profit Hack system is the fact that they're advertising a profit made of over two million dollars, in about a week's time! To top it they claim to have made all that money off of an investment of a couple hundred dollars. Really? They make reference to an “offshore” contact, which, in all likelihood, doesn't even exist.
Investigating further, you'll find the Profit Hack scam promises to be able to predict options prices, thereby enabling their clients to win “all of the time”. You don't have to know anything about binary options – or any other type of investing, for that matter – to realize no system can win all the time. This is especially true for the Profit Hack scam. You just need to look at the recent Brexit vote and how everyone, including the trading experts, got it completely wrong.
Promises like these are designed to flood the reader's brain with greed and the desire to become fabulously wealthy, leading them to believe they've hit upon some secret jackpot that's guaranteed to make them super rich, all for a small investment and in no time at all. Does that sound too good to be true? It is!
If you've been taken in by this Profit Hack scam, don't feel bad: Millions of normal, intelligent people all over the world are interested in making money online. Some are in dire need of a fresh financial infusion and others are simply looking for the right investment. It's easy to be fooled, because by our very nature, we are dreamers. Wake up, though, before you give the Profit Hack scam another minute of your time and do not be tempted into giving them any money. No matter which system you settle on, remember that the final choice is up to you, it is in your power to make the decision. Never trade with money you cannot afford to lose, and never trust a system that says it wins all the time.
What If You're Really Interested In Binary Options Trading?
That's not a bad thing, not by a long shot, trading binary options can be very lucrative. Just stay away from the Profit Hack scam. You have to enter into this business with your eyes wide open and a lot of good research under your belt. Also, don't expect to make two million dollars in seven days, that's just not going to happen.
There are a number of auto-trading binary options systems that can give you a hand in starting out. Unlike the Profit Hack scam, some of them like the Copy Buffett software have quite impressive performance track records that have been proven over and over. At the end of the day, even these systems are not 100% accurate and always perfectly spot-on, and that is where at least some rudimentary knowledge of trading comes into play.
If you're interested in making more than just a couple hundred bucks here and there with an auto-trader, keep on reading. A system like the Copy Buffett software is capable of giving you both manual trading signals, as well as running on full auto-trading mode. This gives you a great deal of flexibility. You may also opt for a system like Mike's AutoTrader which gives you free access to his Binary Options Facebook group with manual trading signals, weekly webinars and professional traders that are willing to share their strategy secrets with you.
Here's how to start off in trading binary options manually:
1. Find reputable dealers. Look for a dealer with a flexible deposit arrangement, and avoid their trading bonus or at least be fully aware of the consequences of accepting a bonus offer. Make sure they operate on a platform regulated by a formal body, such as CySEC, the U.S. Commodity Futures Trading Commission or another formal body that they have to answer to. There are others brokers that are still worthy of your trust even if they are not formally regulated, just check them out thoroughly. If you're in the US, remember that Nadex is the only fully regulated US binary options broker.
2. Study. Learn about binary options through courses online or ideally through a trading group like Mike's Facebook group that I mentioned previously. You can even just watch all their trading videos on YouTube and join the group for fee by simply donating $25 to the charity of YOUR choice.
3. Don't buy into any “get rich overnight” schemes. Never. Not one. Rome wasn't built in a day.
4. Prepare a long-term investment strategy where you keep your risk in check and apply sound money management rules.
5. Start out small, don't risk more than 2% of your trading account initially. Be able to absorb potential losses. Otherwise, the ending isn't usually happy.
What If You Need To Make Money Faster?
You should never trade out of desperation, it messes with your mind. Don't fall for the false promises of the Profit Hack scam. There are real and honest systems and trading groups that can help you become a successful trader. Spend the extra bit of time to read up on the top performing systems and make the right choice.
If after all of that you make a bad decision or the system you picked simply does not work for you, we have our “ETS Guarantee” that you can fall back on. Click on the badge below to read all about it, we will keep this window open for you as you click through.