The Referral Project by Evan Baker is an interesting system, but there are important things that you need to know about this piece of software, and some warning signs that you should not ignore. We will be digging into this offer, and providing you with all the information you need to make a decision. This system has a slightly different type of angle than most of the other binary options trading scams, but we will be taking a good look at if the Referral Project has anything worthwhile to offer.
Unlike scam sites that don't disclose this, we would love to point out something. Irrespective which web link or site you utilize to register for this service, someone could get a referral fee. That includes links on this site. Our sign up links can be trusted, since they are behind SSL HTTPS security, so you can be sure of the origin.
The Referral Project Review Summary
Annoying Browser Pop-Ups: 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, fully auto-trading system
Available In: Everywhere
Quick Introduction To Binary Options Trading
Binary trading has taken the trading world 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 with the help of binary trading.
In its most simple form binary options trading is a direction based, win loss proposition. If the trader is correct in choosing the direction of the underlying asset in a given amount of time you will win a fixed percentage ( commonly between 60% and 90%), and if the trader is incorrect in picking the direction of the underlying stock in a given amount of time he/she will lose anywhere between 85% and 100% of the trade.
In essence this is literally what The Referral Project should handle for you. Always remember in binary trading the range of the underlying asset movement is meaningless, the direction is what matters. By using binary options, you likewise do not need to think about where to position your stop-loss, since market movement that happen preceding the termination of the trade has no consequence on the outcome. This suggests that regardless of whether the market surges up or plummets it makes no impact as long as the market finishes either higher or below according to if you did a PUT or CALL.
This is Why You Should Not Fall For This Application
Like a lot of systems that are purely out to lie to you, this one also has elements of truth to it, but the whole approach the Referral Project takes is what sets off the alarm bells for me. It all starts off with the claim of an “easy $108,352.26 EVERY single month 100% GUARANTEED.”
There is absolutely no system that can make a guarantee like that, in fact, I'm pretty sure it's against the law to make a claim like that. They could have said it can make “up to $108,352.26”, but that's not what they're saying here, and they go even further by saying that it is 100% guaranteed that you will make that amount of money every month.
Absurd claims like that immediately tells me that no matter what else these guys say, they are not being honest, and they are purely out to tap into the greed people have to make more money. On top of that they're saying that there are only “3 spots available” and you must hurry because there are “201 invitees trying to sign up right now!” Of course, both of these countdown timers frequently resets, and none of it is real.
For this reason, I honestly cannot take this system by Evan Baker seriously, and neither should you.
The portion of the video where they talk about getting a referral fee, which is what the name of this system is based on, is believable. As it is stated at the top of this article, there is nothing you can sign up for any type of trading that does not pay someone a referral or commission fee. Having said that, I can also tell you that there is no referral offer that pays you $35 PER DAY for each referral, that's total bogus. I also don't understand why there would be a limit to the number of referrals, so that's clearly also just a trick to make you feel that you must sign up quickly.
Evan Baker, or whoever the voice actor is, tells us that he only needs “61 more people to reach the maximum allowed referrals.” This is exactly what I was referring to, this whole presentation is purely focused on marketing tricks to get you to sign up. Nothing about this system engenders or inspires any trust as far as I'm concerned, there is no attempt to be sincere and all of it is clearly focused purely on getting you to fill out your email details.
The Referral Project Review Conclusion
For a a newbie to trading binary options, you would benefit from first familiarizing 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 really 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.
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