Insured Trading – Scam or Not

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Did you know the forex market is the largest financial market in the world, with over $5 trillion traded every single day? Not only does it allow central banks and corporations to trade with each other, or holidaymakers visit new destinations, it also also allows speculators to take advantage of a market that trades 24 hours a day, 5 days a week.

There has never been an easier time to access the world’s forex market either. At the click of a button you could be trading on the direction of the Euro, British pound, Japanese Yen, US dollar or even the Russian Ruble! There are hundreds of currency pairings to trade from, so you’re free to find the ones that interest you most.

However, while the financial gains of trading the forex market seem lucrative, it’s not considered easy. Having a sound trading education, a properly funded trading account and understanding of risk management techniques are essential. Unfortunately, there are many unscrupulous individuals who will try to scam individuals through forex trading scams.

Forex scams will be around for as long as the Forex market exists. As schemes are evolving, scammers are always somewhere nearby, trying to extort your money away. But could there be a solution to this problem?

Investment scams take many different forms. Some of the scams are even named after their creators – such as a Ponzi scheme, after the infamous scammer Charles Ponzi. Forex scammers tend to target beginners or uneducated traders. The best way to combat this, and avoid getting scammed, is by getting a good Forex trading education, so you are aware of everything before you enter the markets.

Once you master the markets, you are no longer an easy target. Forex scams often use phrases like “a too-good-to-be-true investment opportunity” as a way of convincing you to part ways with your money. When you lack trading experience, swindlers will try to exploit your optimism and fears. Here’s where Forex scammers step in and make you exciting offers.

How To Spot A Forex Trading Scam

The most important giveaway of a Forex scammer is the guarantee of unusually large profits with little or no financial risk. First of all: there’s no such thing as a 100% guarantee. If there was, there’s no way traders would share it with other market players. Some of these offers may sound very attractive, especially to beginning traders. But as the saying goes, the only free cheese is in the mouse trap. The bottom line is this: if something sounds too good to be true, it probably is.

Here a few simple rules to follow in order to avoid scammers:

• Remain safe and don’t run after empty promises
• Be especially wary of software that claims to have found a ‘secret formula’
• Do not install any programs until you are certain they won’t damage your computer

Another giveaway is that scammers never register with any regulatory authority. Remember – true brokers always provide proof of their legitimacy. If you suspect that a Forex brokeris lying about their regulation, you can contact a regulatory authority who may be able to provide a list of regulated companies, and a list of cases opened against regulated companies. This will help you understand which Forex brokers to avoid.

Three Major Types of Forex Scams to Avoid

Those involved in forex scams, money scams and general trading scams are always trying to find new and innovative ways to take advantage of new traders. However, there are three major types of forex scams that people commonly fall victim to. Understanding them is the first step in trying to avoid them.

#1 Forex Robot Scams

A forex robot is a trading program which uses algorithms, or lines of computer code, as technical signals to enter and exit trades. Typically forex robots are built using expert advisors, or EAs, within the popular MetaTrader suite of trading platforms.

Of course, not all forex robots are scams. Searching online for forex robot scams list may help you avoid some of the known scammers. However, here are a few things to watch out for to avoid any forex robot scams you may come across:

1. Marketing messages that are unrealistic: If the author of a forex robot has to ‘sell’ you on it the dream of what it could do for you, then it’s unlikely they’ll have the results to back it up. After all, numbers don’t lie, or do they?
2. Very high percentage growth returns: There are some forex robots that are advertising systems that should over 4,000% return in just a few years. This may seem fantastic, but it’s important to look at the statistics. The return could just be closed trades, the system may have open trades that if the stop losses were hit could wipe out any gains.
3. Undiversified scalping strategies: Many forex robots employ a scalping system which means they trade for very small profits. This then shows a high win rate and can inflate the results in a supportive market condition. Yet, market conditions change, and if the system loses more per trade than it wins, it will only take a few losing trades to wipe out any accrued profit.
4. Using unregulated brokers: There are some forex robots that show extremely good results using unregulated brokers no one has ever heard of. In this instance, the results might be good on their own interbank spreads but if you open an account with them your spreads and commissions will be wider, thereby eating into much of the profit.

At the end of the day, if you are considering using a forex robot, then treat it like a business rather than make an emotional decision. Start with an online search for a forex robot scams list and then do your own due diligence. As the saying goes, ‘if it looks too good to be true it usually is’.

#2 Forex Signal Seller Scams

Forex signal sellers are individuals who send out trade ideas which usually include a currency pair, direction, entry price, stop loss and target levels. There are multiple things to look out for so you don’t fall victim to these kinds of forex trading scams and money scams:

1. Subscription fees: Individuals may market you amazing results without any verification. To get access to the trades, you often need to pay high subscription fees, or they start out low and use credit or banking details for other kinds of money scams. If their trade calls were so good, why sell them at all?
2. Broker-tied signals: Some signal sellers offer you trading signals, but only if you sign up with a specific broker. This means they may be getting a kickback from the broker, so are motivated to send you any trades for you to take regardless if they win or lose. Having said this, there are some that will want to keep you profitable so they can continue to receive their kickbacks from the broker, which acts as their payment for the service.
3. Unverified results: It’s all well and good saying your forex signals have made a high percentage return but if they can’t show a verified track record it means they’re not trading the signals themselves – which is clearly a red flag in itself.

The key to avoiding any type of currency exchange scams, money scams or trading scams is to, again, think like a business and do your due diligence, rather than act on an emotional decision of inflated promises and dreams.

#3 Phony Forex Trading Investment Scams

There are many adverts nowadays promoting phony forex trading investments scams and phony forex investment funds. In essence, a slick marketing message or salesperson will sell you on the phantom, or unverified results, of their forex fund. All you need to do is send them your investment, and you can sit back and enjoy the returns.

Of course, many people who send their money over often never see it again. The company says they’ve never heard of you and have not received any funds from you. What started as a forex trading investment scam now turns into one of those money scams.

Another outcome, is that they open an account for you, usually with an unregulated shady broker. However, after one or two trades, they wipe out your account. While they blame it on the market, it’s all gone to their brokerage company. And, because it is unregulated, it’s very difficult to get your money back – just another type of currency scam.

Why You Should Educate Yourself To Avoid Trading Scams

As Forex trading carries exceptionally high risk, losses are inevitable. Retail speculators are almost always trading undercapitalised, and are subject to the problem of gambling addiction and improper use of leverage. Any speculator who trades without skill is essentially playing against the market as a whole, which has nearly infinite capital, and they will almost certainly go bankrupt as a result.

In all fairness, a large number of the reports of money being stolen by brokers is a result of weak trading, and not scam brokers. If unskilled traders spent time developing a proper trading methodology they would become better traders much quicker, and would likely avoid Forex scammers altogether, as they would suitably informed about the potential risks and what to avoid.

Most retail traders should be able to use almost any trading platform with any broker, and see very little difference in their results – it’s that simple. Once you accept your losses, trade with a trading system, and master your market, it will be much harder for you to fall for a scam.

Three Signs of Forex Trading Investment Scams

1. Trading Systems and Education Without Any Proof

There are a lot of scammers selling trading systems and education. When you ask them to provide any proof of their trading history, they evade the answer. There are also many traders who would offer their systems without a trading room or any services. These types of scammers are sometimes referred to as “snake oil merchants”. “Snake oil” is the term traders use for false traders and trading systems that have no valid proof of their trading history.

2. Email Spam Asking for Personal Info

Scammers may also ask you for personal information, such as:

1. Your full name
2. Your phone number
3. Your home address

Don’t give away your personal details to someone you don’t fully trust. Be suspicious of brokers who don’t provide you with a written risk disclosure statement. Even if they do, read the statements thoroughly, because the devil is in the details. Remember, data may become currency soon.

3. No Background

Never work with someone who refuses to provide you with their background information. Be it a broker, a trader, an educator, or a money manager. Always do a quick check online to see if the person or company is legit.

According to New York Magazine, a kid from Queens, New York City in the USA made tens of millions of dollars by trading stocks on his lunch breaks at Stuyvesant High School. What happened in reality, is that it turned out he never made any money, and all his profits were made in a paper trading account.

How to Avoid Forex Scams

The best way to avoid investment scams is to take your time. Don’t rush your decisions – and make sure to assess all the pros and cons first. Finding a reliable Forex broker is not an easy task, but you’ll benefit in the long run from investing your time. The first step you should take when you come across a Forex broker or agency is to google their business name.

Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider. Additionally, you can browse through scam reviews and see if a Forex broker is as reliable as claimed. Also, make sure to find out if there are any outstanding legal actions against the broker.

For example, you can:

• Visit Forex forums and see whether there are any complaints about fund withdrawals, and if so:
• Contact the user who posted the complaint and ask for more details.

Perhaps the user was mistaken or confused, but it never hurts to ask. A proper background check will also minimise your risks.

Keep Away From Opportunities That Seem Too Good to Be True

Easy money? No way! Don’t believe anyone who tells you it’s easy to make money with something like ”20% gain per month”. It’s pure nonsense, because Forex & CFD (contract for difference) trading requires a lot of screening time, education, patience, and quick wits to become profitable. There is no easy money achieved here. If you dedicate your time and learn how to trade properly, you might achieve an additional source of income.

Further Steps You Can Take To Protect Yourself

Make sure to compare the regulations of the regulatory authority with the terms on the broker’s website to find inconsistencies and anomalies in their terms. If you don’t trust your own judgement, or you simply don’t have time, ask the advice of a licensed financial advisor. Additionally, you can ask for business registration proof before registering with a broker. Make sure to read through all the fine print when opening an account. Sometimes scammers use account incentives against the trader, when it comes to withdrawing funds.

• If you receive bonus funds and wish to withdraw them, a Forex scammer may deny you that right due its terms and conditions.

Don’t forget that when you start live trading – always trade a small volume for a short period initially, and then attempt a withdrawal. If everything goes smoothly, it’s safe to deposit more funds. The availability of a Demo account is another indicator of a good or bad broker. If you don’t get offered this option, or are discouraged from demo trading, this is a strong indication of a Forex scammer.

Questions To Ask To Avoid Forex Trading Investment Scams

Remember that you have every right to ask questions. A few proper questions, can determine whether you are dealing with a trustworthy broker or a Forex scam artist. Make sure know your rights, research the contacts, and check the company’s registration and business background. Keep in mind that all the information you receive from a potential new broker must be in written form. Never rely on phone conversations or oral statements.

Ask yourself these questions:

• What can you do when you realise a broker’s offer is not for you?
• How binding is the contract?
• How easy is it to reach customer service?
• Can you contact the broker by phone, Skype or email?
• Do they list a physical address?
• Do they use actual names?
• Are they a registered company?
• Can they provide performance history?

Conclusion

To ensure you’re not a victim of a scam, always use a regulated broker that is well established, has favourable online reviews, and is 100% transparent in their fees and compliance policies. The allure of quick money and easy cash will always be omnipresent, which is why you should make sure that you fully understand what it truly takes to become successful at currency trading, without using quick-fix schemes that put you at risk.

Trading With A Demo Account

Trader’s also have the ability to trade risk-free with a demo trading account. This means that traders can avoid putting their capital at risk, and they can choose when they wish to move to the live markets. For instance, Admiral Markets’ demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders.

To open your FREE demo trading account, click the banner below!

About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world’s most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

​How to Identify Forex Scams

Is Forex a scam? See Forex scam examples, and learn how to tell good broker from a bad one to never get into a trap of financial scammers.

Did you know that over $5.3 trillion is traded every day on Forex? Foreign Exchange market allows taking advantage of market moves all day long, all week except Saturday and Sunday.

Access to trading has never been as easy as it is now. Trading any direction, any currency, any time of the day just at the mouse click. How to start trading Euro, Japanese Yen, British Pound, US dollar? Just find a trusted broker, open a trading account, download Metatrader 4 and start trading. Sounds easy, what can go wrong? Unfortunately, as the industry grows, more and more frauds exploit naive beginners.

How to protect yourself from a Forex scam? Generally, study and check twice. If you keep educating in Forex trading, read the news daily, and know how to check a broker, you are unlikely to become an easy picking.

Main article sections

Is Forex a scam?

The fact that cannot be ignored: educated and experienced traders are unlikely to get cheated by scammers. The bad reputation of Forex is basically made by inexperienced traders who lost their money as a result of weak trading. They lose money and blame it on the broker and the market, and make reports of stolen funds. Obviously, that doesn’t mean that Forex is a scam. That only means traders lack Forex Education.

Nevertheless, as long as Forex exists, scams will be there, because a huge number of beginners provides them with massive opportunities. Their fraudulent schemes take different shapes and keep evolving.

The most notable cases of financial frauds are well-known. Some frauds have such an overwhelming effect, that get named after their creators. For example, a Ponzi money-making scheme was named after Charles Ponzi.

He promised clients a 50% profit in 45 days or 100% profit in 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage.

Actually, Ponzi was just paying earlier investors using the investments of later investors. His scheme ran more than a year till it collapsed. It cost participants $20 million in total.

Even though such stories are well-known, people rise to the bait time after time. That particular scam scheme was not originally invented by Ponzi, but bears his name and is very popular with Forex scams.

It is hardly a surprise, that inexperienced traders are at a higher risk. That’s why the more cases of fraud you know, the more protected you are. Unfortunately, you can’t learn all the cases because they keep appearing every day.

Is there anything that can protect you for sure? Yes, there is. It’s your never-ending Forex education. If you understand how the profit is made on Forex, you will never fall for a scam promising huge and quick profits. Forex scammers really like providing exciting offers, which sound too good to be true.

Just think of it: if there’s a secret recipe for a large profit, why would anyone share it with you?

How to identify a Forex trading scam?

How do Forex scammers get traders hooked? Their offers usually look quite attractive: a unique proposition giving a quick and large profit with minimal or no financial risk.

They also like to offer unique tools with a secret formula that guarantees success. Some scammers use the software working like a Trojan horse: you install software with a virus as a set. It can ruin the OS or steal your personal data, for example, and you’ll never know it until your money is gone.

The attributes of Forex scams

• Trading systems or education with no proof.

Best selling scam products are disguised as education and trading systems. There is nothing bad in education and trading systems themselves if their efficiency and results are no doubt. However, in the case of scam business, any requests for trading history, or other track record data usually remain not complied. Some fake traders even offer trading systems without a trading room or any other services.

• Email spam asking for personal info.

You remember that you shouldn’t share any personal details with anyone except the trusted authorities, right? Just to remind you, do not give your phone number, creating card details, your trading account password or home address to anyone you don’t totally trust! By the way, real brokers always provide clients with a written risk disclosure statement. Read it attentively, since every detail matters.

Always check if the person/company is licensed and regulated by independent organisations. Doesn’t matter if it is a broker, a trader, an education company, or a money manager. Check if there are any records of their customers’ feedback on the Internet and read them carefully.

Four types of Forex scams

Although the variety of existing fraud schemes is vast, there are three major types, that people tend to be the victim of. To avoid Forex scams, understand how they generally work.

1. Forex Robot Scams

A Forex robot is a trading software that generates automated trading decisions. Retail traders usually use popular robots for the MetaTrader platform.

These robots run on MetaTrader as expert advisors (EAs) and have many features: from giving you a signal to place a trade, to placing and managing the trade for you automatically.

Of course, such robots are popular and scammers know it. However, a simple checking the Forex scam list online will help you not to be fooled.

These points will help you to spot and avoid Forex robot scams:

• Unrealistic marketing messages. Promising high percentage growth returns. You should understand, that even being lucky and experienced, you are unlikely to make even a 20% return within a month.

• Undiversified scalping strategies. In terms of supportive market conditions, there is a high win rate made of small profits. Unless the market terms change; then the system loses more than it has made.

• Forex Robots scammers back up the legitimacy of their robots with tremendous profits and lull the trader into a false sense of security only to make him/her end up broke. These claims are usually based on a very narrow window where the particular robot was successful and not on a long term use of the Forex robot.

2. Forex Signal Seller Scams

Scam Forex signal sellers are individuals who provide a trader with false trading ideas on currency movements, ideas for the entry price, a stop loss level and a target level. They send traders to a particular broker, which pays a commission to the signal provider, regardless of the trading results of the referrals.

How to spot a scam signal trader:

• Subscription fees. Promising amazing results without any verification. To get access to trade, pay a fee. If signals are so good, why selling them?

• Broker-tied signals. Some signal providers offer you trading signals, but only if you sign up with a specific broker. Usually, such sellers send you any signals for you to participate in trading regardless of the success rate. There are some, who are interested in keeping you profitable, but their number is small.

• The absence of the track record. If they can’t verify a high percentage return from their own signals, it is a red flag.

3. Forex investment scams

Today many ads promote Forex investments funds. Some of them are phoney.

Usually, an attractive marketing message or sales manager offers you the phantom, or unverified results, of their Forex fund. They want your investment, and all you need to do is to wait for returns. But it turns out you never see your money again.

4. Shady brokers

Not every unregulated broker is a scam. However, beware: there are many unregulated shady brokers, attracting a client with great trading conditions, whose only aim is to make traders lose money.

Traders’ failures are then explained by trading software errors, bad market conditions, or any other reason. Since the broker is not regulated, the trader is not insured and claims never help to get the money back.

How to avoid Forex scams

There is a safe way to check a broker: scammers cannot be registered by any regulatory authority. There are several authorities regulating different regions, and if the company is regulated and hasn’t received any claims, it is a sign of a good reputation. This information can be easily found on the net.

Remember, phone conversations and oral statements cannot prove the company regulation.

Take your time and search for info about the business name you are going to deal with.

The source, where you take your feedbacks from, should be reliable as well. It is a good practice to check if there are any legal actions against the broker.

To sum it up, look at this list of questions every trader should ask before dealing with a forex broker.

• Are there a proper binding contract and risk warning?
• How easy can you contact the customer service?
• Is there a real physical address?
• Are there any legal actions against this company?
• Can the company provide a performance history?
• Are there any complaints concerning fund withdrawals from the trusted authority on Forex forums?

Of course, even while trading with trusted licensed brokers some losses are inevitable because Forex is risky. Most retail traders trade with a small capital, so they rely upon gambling and put too many hopes on leverage.

Anyone trading against the market without skills should remember, that market’s capital is almost infinite, whereas your number of tries is not. The best thing you can set against it is your experience. Learn to trade Forex with the help of our Education section, practise different strategies for free on MTrading Demo account and trade better every day!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Insured Trading – Scam or Not?

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Welcome in My Insured Binary Profits Review. Is Insured Binary Profits Scam Or Legit? Is Insured Binary Profits Software Can Help Really To Cash It With Binary Option Trading? The Truth Revealed in My Honest Insured Binary Profits Review

When it comes to trading and making real, sustained profits, then we could all do with a little helping hand. So when we came across Insured Binary Profits, an options signal software that promises huge results, we have to admit that our interest was piqued.

But it has to be said that when something appears to be too good to be true, then we’ve learned through bitter experience that it usually isn’t the case. Hence a down and dirty look at exactly what this software is all about. And whether it’s worth you splashing out your hard earned cash on the program, or if you should simply look elsewhere.

What do you get for your money?

Right then. So what Insured Binary Profits actually is, is a clever program that provides you with a live feed on 100-120 signals per day. It provides you with community reporting that shows the percentages of wins and losses in trades and outcomes on trades that cover the whole spectrum.

Not only that, but it also gives you information on the investment amount, asset, execution date, rate, type, expiry date, expiry rate and payout. And for this information the company charges you, the user, one cent for each signal received.
When you sign up, you get the following benefits:

Over 140 signals per day: these are distributed throughout the three major trading sessions of European, US and Asian
Personal account representative: (if you choose this additional option). Here you get exactly what it suggests in the title – a personal representative to advise and help you with your trading.
SMS notification: this is a free service that endeavors to provide you with the most important notifications via SMS. You can opt in or out for this service, as well as deciding how often you’d like to receive the text messages.
Insured Binary Profits Software updates: it makes sense that the software is updated on a regular basis to ensure that you get the very best signals possible. These updates are provided for free, and automatically each and every time they’re available.

Insured Binary Profits is Works!

If Insured Profits is given away for free, how do they make money? It seems they have deals with brokers. If all the customers were making money from the system, I am not sure the brokers would be too impressed?

But, if the customers lose from Insured Profits . that’s a whole different proposition.

I am just putting the obvious across here? Has anyone (which isn’t offering a ref. link) used it ?

This review is FAKE and the user “Rach X” is yet another liar praying to take your money or convince you to WASTE your money and earn his commissions from Insured Binary Profits Broker.

In comparison with this review in warrior forums too:

From another liar , the review is true. BUT he is working to put negative reviews to promote other CRAP systems. Usually they are taking advantage to post negative reviews to promote other CRAPPY systems. All we already know ALL BINARY OPTIONS systems are SCAMS and we do not need to confirm that by suggesting us to try other SCAM systems. Who ever will put a positive review without making money from the broker? or put a negative review, making money from the system they suggested.
In both cases they will make money.
In fact, no one cares if you make or loose money at all, if they are making money there is no difference if the review is positive or negative.
What I suggest? NOTHING. Save your money.

Free Money System is Works!

This is not your money, this is the money of the vendor’s website.
This is the Broker’s money and the stolen money from people who lost in binary options in all of these years.
Do not post FAKE citibank accounts with millions inside , people do not care and do not believe or convinced just show them pictures with millions.
All binary options peddlers are scams for me.
STAY AWAY.
If all of these people make so much money why do they care to bring more victims? why? have you ever wondered?
Why care to give you their holly grails for free , why?

He just present’s you , your stolen monies. Monies which have been lost in binary option altar all of these years.

Look the mess , how much monies have been lost.
PUT THOSE BINARY OPTION SHARKS OUT OF BUSINESS.

A bunch of bullshits:
Insured Profits
Binary Matrix Pro
Binary Cash Creator
Binary this
Binary that
Binary bot this
Binary bot that
Super duper binary this

Give a cheap laptop to African people and make them all millionaires by investing binary options.
Why whole planet not became rich yet?
Why is there economy crisis in most countries in Europe and the half population of the planet lives in poverty and starving?
Why don’t they play Binary Options to become all rich too?
Why stupid binary peddlers?
You say in your stupid sales pitches , even a 5 years old kid can make those kinds of money.
Teach all Unicef children to invest with binary options then.

Why binary brokers are appearing every day like mushrooms from nowhere?
Ask all of these members here in warrior forum, to present their bank accounts!
Who among of you have any account with millions from binary options?
Do not present the affiliate commission earnings which I doubt if you have even and this kind of account too.
Do not re chew over the sales pages.

Its a complete ridiculous , the guy above “Rach X” , continues his scam peddling J.O.B and this guy in contrary post this review for the same product on the same forum:

Insured Binary Profit is a SCAM and try the Free Money system which is another SCAM.
HAHA , This is a complete mess and ridiculous. Also the mess is going deeper , if you see what system the other guy suggest instead of binary options scam.
The greediness and the stupidity is infinity.
Bye.

This review is FAKE and the user “Rach X” is yet another liar praying to take your money or convince you to WASTE your money and earn his commissions from Insured Binary Profits Broker.

In comparison with this review in warrior forums too:

From another liar , the review is true. BUT he is working to put negative reviews to promote other CRAP systems. Usually they are taking advantage to post negative reviews to promote other CRAPPY systems. All we already know ALL BINARY OPTIONS systems are SCAMS and we do not need to confirm that by suggesting us to try other SCAM systems. Who ever will put a positive review without making money from the broker? or put a negative review, making money from the system they suggested.
In both cases they will make money.
In fact, no one cares if you make or loose money at all, if they are making money there is no difference if the review is positive or negative.
What I suggest? NOTHING. Save your money.

That’s a pretty bold statement. Being the CEO of SignalPush, who has a marketplace of third party signal providers, we validate our providers performance and guarantee it is legitimate. If a provider is bad, you’ll see how bad they are on their performance. We only make money if a provider is good and people want to subscribe and stick around.

That said, I AGREE with you that the MAJORITY of binary option systems are scams. They only want affiliate money. That’s why we created SignalPush, to provide third party validation of providers performance claims.

These boys have put in some work to this funnel.

Quote:
STEP ONE:
The first thing that your leads see when they visit us is something unlike anything else that’s been done before. Seriously! The only way to capture someone’s attention these days is to do the unexpected. show them something new. You have to be different and set yourself apart from the crowd to be noticed. So here’s what we did:

We hired an indie studio to shoot a video featuring some of the finest stage actors around AND it was scripted by a brilliant up-and-coming new screenwriter!

We spent a small fortune to get the look and feel of this video just right! A 6 minute monologue with no teleprompter. Come on! Not even Marlan Brando could pull that off! But WE put together a crew that did!

We’re meshing marketing and storytelling in a fantastic new way that ups the WOW factor and leaves your prospects with one hell of an itchy trigger finger! In this video they get to meet Dave, Ginny and Steve. co-creators of a revolutionary new software that they’re giving away for FREE! This isn’t one of those robotic performances that you look at and go “could this video BE anymore fake?” Your leads are going to be so swallowed up by this that they’re going to want to MEET Dave and Ginny!

Now, what follows that segment is an irresistibly hard-hitting pitch! We break down the consumer’s built-in defense mechanisms using every psychological trigger point you can think of. Let’s face it, you have to be unique, exciting and daring to CONVERT leads these days. We’ve been doing this for 8 years and we’ve never built a loser. because each and every time we come out to play. we play to win. we up the ante and go all in!

But what happens after that? One visit is surely not enough? It can’t be just the one sales page can it? OF COURSE IT ISN’T!

That’s a pretty bold statement. Being the CEO of SignalPush, who has a marketplace of third party signal providers, we validate our providers performance and guarantee it is legitimate. If a provider is bad, you’ll see how bad they are on their performance. We only make money if a provider is good and people want to subscribe and stick around.

That said, I AGREE with you that the MAJORITY of binary option systems are scams. They only want affiliate money. That’s why we created SignalPush, to provide third party validation of providers performance claims.

Free Money System is Works!

Two things are happening here:
1: You are insulting our intelligence.
2: You are a ******* liar and peddler of those scam binary options bots.
To remove the asterisks type (F.U.C.K.I.N.G).

I was customer of Binary Matrix Pro and is worst scam of the millennium. People do not get convinced easily anymore and they have realize it.
Is very difficult to find another victim so they are creating different websites with different bots names, continuing rotten your mind and brainwash you to catch some customer with hope. There are not hopes, they don’t care , they want your money.
They are cold, unscrupulous professional scams , like the serial killer.

Show us your list of live transactions you made, not from your FAKE bank but from your broker directly. AND DO NOT POST YOUR AFFILIATE LINK.

Binary Matrix Pro CLONE SCAMS or the same with different name:

Binary Matrix Pro
Hercules Profit Pro
The Covert Society
Oz Robot
Golden Goose Method
Insured Profits
Tokyo Bot
Wealthy Trader
Legal Insider Bot
Millionaires Club
Safe Trader App
The $100K Club
The 1 Percent Club
Daily Binary Profits v7
Binary Chaos
And there are more to come.

Do not follow their signals and fight against them and the worst is , their marketers earn lots of money from commissions, the investors all are doomed to loose , because they know nothing about forex and binary options so the brokers will definitely will make money and give very high commissions to peddlers like YOU.

Another one scam trend is, they claim they cover your loses in a period of time , usually is 7 days to 30 days. Do not believe them, they recover nothing, the recovery amount is funded after the end of the period as bonus so you are bounded to special contract that you are unable to withdraw your initial (remain) capital until do trades 10x – 30x times of the recovered value.
So you are doomed to loose your money and I will continue to fight against the binary options fake bots.
Scam Binary Bot Peddlers and marketers if you are offended press the red triangle.

Hi,
actually I am not a marketing-type but a (forex and options) trader with 5 years experience. I bought a lot of stuff which was SCAM and decided to set up my own blog where I provide ethical and honest tips and products on trading. (But the most is just blogging on trading related topics for newbies.)
I summarized my knowledge in a free ebook on how to detect (trading) SCAM which you can download here. It may be useful for users of this forum since I can see lots of scam offerings here – unfortunately!!

Hope this helps!

I believe it doesn’t needs to read any book to recognize the scam systems.
All are scams. The bots use the brokers API which we know nothing about what API they use. So this means the bots was created by the brokers. There are no information about how to access the platform and how to send orders directly from the program to broker’s platform too.
The broker’s platform is not like meta trader or ninja trader or trade station which we have a lots of information and the public is able to create open code or create expert advisers. (Like a programming language).

All broker’s platforms are similar but we know nothing, because all are embedded in the broker’s website and this is not some separated application to download (I said. Again, like meta trader , ninja trader , trade station) so these embedded website integrated platforms are controlled by the broker themselves and only the webmasters of the broker, knows how these platforms working. I doubt even if the brokers salesmen knows how to work them. (Only the advanced programmers.) who they are taking advantage of the monopoly and no knowledge how these platforms work. So as there are no public information how these platforms, can be accessible and how to program them (This API mean- Application Programming Interface) we are in the mercy of the stupid marketer or programmer who created the bot. In fact none of those programmers and marketers ever written a single line of code to access those platforms. So everything you see in stupid sale pages and stupid spam e-mails you receive everyday are bullshits from the brokers. There are not anyone who ever created any bot, because the public doesn’t knows how to program the broker’s platform. Also all of those platforms are encrypted or locked and you can’t send orders. So everything are constructs of brokers. No one knows , what algorithm do they use to predict the future market moves. As usually know or already seen in the brokers platform, the charts are very short and we don’t have long historic data for binary options. You need external historic data analyzing program, for example the meta trader and the meta trader can’t access binary options platforms. All of those bots are FAKE, can’t be programmed , all marketers say bullshits about they have programmed and discovered ways to analyze the market and I have seen and other bullshits arriving to my e-mail telling about 100% winning trades or things about never loosing trade bots.
What stupid are the people who believe all of those assholes.
So how recognize the scams? I don’t think so you need anything special to recognize them.
I just told you, all are scams. All bots are created from broker’s (Webmaster – Programmer) even the broker salesmen don’t know how to work them.
Have a nice day.

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