Is the Profits Unlimited software a scam or is it legit. Profits Unlimited, which has been created by the alleged Larry Landers, is one of the newest and supposedly very promising trading systems on the current market. Targeting both new and experienced traders, Profits Unlimited doesnβt just claim, but guarantees that even the most inexperienced trader can make good money within the first day. Whilst there are no claims to make you an overnight millionaire, we are pretty sure that this guarantee cannot be backed up.
Whilst Profits Unlimited provide the opportunity to learn how to trade with educational guidelines and an eBook and there is no huge start-up cost (just the standard $250 initial deposit with no fees), we are still rather sceptical about this software.
So we dug a little deeper and found out a few truths about Larry Landers and his Profits Unlimited software. The self-confessed online trading guru, Larry Landers, is nothing more than a paid actor and if you run a search on him, you will find that he has no association with binary options trading. The testimonials are very much the same, with photos taken from sites like Shutterstock, they are also fake and these people have probably never even heard of binary options!
There are logos on the website of Bloomberg, CNN and Forbes that try to suggest that they have endorsed Profits Unlimited in an attempt to convince you that the site is legit; we see this on many of the scam sites. There is also a screenshot on the second page showing trading results from the system. These show straight wins, with no losing trades; we all know that you cannot make ONLY profitable trades and no losing ones, no matter how experienced you are.
Another issue we have with Profits Unlimited is that there is no ability to select your own broker, you have to go with the one selected by the system and you will struggle to find a legit or approved broker in the list.
Profits Unlimited also claims on the first page that it has been creating profits since 2013, but having looked on Whois, the site was only registered in February 2016.
Despite the fact that the Profits Unlimited software does actually seem to offer a good selection of trading features, both in manual and autotrading form, we would advise that you steer clear of this system. It is, unfortunately, just another scam.
We would advise using a more trustworthy piece of software such as Social Tech Trader or Copy Buffett; 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.