I’ve been waiting to do this Sleeping Money Machine rip-off review, and finally got time to sit down and write about this totally wack whiteboard system! This Sleeping Money Machine review is the only review you will need to read to make up your mind about this silly auto-trader.
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Sleeping Money Machine 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 Bogus: 96%
Price: Free. Have to sign up with one of their brokers.
Auto-trading: Yes, full auto-trading
Available In: Everywhere scams are sold
What is The Sleeping Money Machine Software?
This software is a binary options auto-trader. It means that it will trade on your behalf, and if you’re completely new to trading binary options, it might help to read the following quick explanation of how it works.
When trading Binary Options you basically have to anticipate if the price of an asset (for instance a Forex pair or stock) will decrease or rise from the present price, compared to a specific time span. Binary options brokers give traders the chance to trade various kinds of binary options, including things like indices, commodities, stocks, and Forex.
With binary options, traders do not have to bother with precisely where to put your stop-loss, due to the fact that market activity that occur preceding the expiry of the trade has no effect on the result. This means that regardless of whether the market spikes up or dips, it has no impact provided that the market ends either higher or lower according to if you decided upon PUT or CALL trade.
In other words, you can make money by simply correctly predicting if a stock like Apple is going to be higher or lower than what it is currently in 5 minutes, an hour, or by the end of the day. It’s that simple.
Why We Don’t Trust This System
There are numerous ways of legitimately getting your site checked out by companies like Symantec, VeriSign or in the case of our site, Comodo, and to then qualify for enabling SSL on your website with a green HTTPS address bar. If a scam site like Sleeping Money Machine comes and simply pastes images like these trust badges on their page, and clicking on it takes you nowhere, it is clear that they’re simply trying to trick you. Why should you trust them any further?
Fake user and testimonial photos are also a dead giveaway, and in this case, it was easy to spot. I honestly don’t know why scam sites like this just keep on using stock photos of fictitious users, but it surely makes it a lot easier to spot the fakes! This is supposedly “Bradley” that made a ton of money with the Sleeping Money Machine, but it’s really just a lie!
To make matters worse, these scammers then also bring God into the picture, I really detest it when scam sites do that! Don’t they have any shame at all?
Robert Benjamin then casually tells us that he’s making $4 – $5 million a year with this system. Let’s think about that for a minute, if he’s making that much money with this system, then why does he need to rely on stock photos and a cheap whiteboard app to tell us about his amazing system? If you’re making that much money with a system that works that well, won’t you want to show your face to people?
During the presentation, we also see a clip where Robert Benjamin supposedly shows us a chat between him and “Wilson”. About halfway down, he asks Wilson “Was that all profit?” This is particularly odd, since this is a binary options trading system, and you don’t have other overheads to account for, so it makes no sense that “Robert” would be asking if it was all profit.
See, here you can see that almost at the end of the last video, they finally reveal that this mysterious Sleeping Money Machine is an auto-trading binary options robot. That’s all good and well, we like binary options, but it’s weird that they keep this from us until right at the end, and then we don’t even get to see anything about the auto-trader!
The last thing about this bogus system that I really don’t like, especially because I saw it so many times, is this stupid pop-up of theirs that fires each time your mouse even gets near the top of the screen! You will also notice that all of a sudden, they bump up the amount of money you can make each night to $7,890.23. Once again, we have this super specific amount, and clearly there is no reason for that, but all the scam systems do it.
Sleeping Money Machine Scam Conclusion
I know that you probably came to read this review hoping that you had found a system that will make you some extra cash. Sleeping Money Machine 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 much better than this!
Regardless of which system you decide to go with, remember to always make sure you understand 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 currently 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.