Is the new Binary Profits System auto trader a scam or is it legit? New to the market, Binary Profits System greets us with βHow it’s possible to make $224,786 in 90 Days?β; Iβm not sure if this is meant to be a statement or a question. Regardless of this, it seems a little excessive to be able to earn that much in 3 months!
Scrolling down the first page of the Binary Profits System we are shown a few testimonials that tell us the usual stories of how wonderful the software is and that this new binary options auto trader has βjust won me $538.44 in a single tradeβ. We then see some third party verified results (not sure who verified them!) which displays about 70 completed trades. Now, out of these trades, there are 4 losing trades and the rest are in the money showing and ITM return of around 94%. This is a touch too high to believe, but what caught my eye even more was that they were displaying trades from the last two days which happened to be a Saturday and Sunday. We all know online trading is from Monday to Friday!
On to the Binary Profits System video and we are told that we are one of only 50 people to get the chance to be a full member for free! The narrator to the video tells us that we have no reason to trust him due to the fact that there are so many dodgy systems out there, but he is not selling us anything, the software on offer is 100% free and will remain that way forever! Any of this sound familiar yet?
We are then told that this system is a sophisticated trading robot that trades automatically in binary options. We are then told that the success rate of the system is 81.6%, which is more believable than the 94% that they show with their so-called completed trades. He tells us that to increase the success rate, they need more members, which is why they are giving away these free licenses in this secret group! What a load of garbage!
We then meet James, who became a member 3 months ago, again to help increase the success rate of the Binary Profits System. He then shows us his PayPal account which shows us he made $1,395,186.43 between the 1st January 2015 and 30th April 2015. Now firstly, he just told us he has been a member for three months, not four, and secondly, the website was only registered 16th May 2016!
All in all, I would strongly recommend keeping clear of this one; Binary Profits System is just another scam!
If you are looking for trustworthy and profitable software, then take a look at the ICE9 Technology or the OptionRobot; both with over 80% ITM trades. Our current favourite piece of software is TrendXpert; this is a trend indicator for manual trading which also offers live training. All of these have proven to be profitable for us.