Is the newly released binary options auto trader Rapid Income Method a scam or is it legit? On first impressions, the site is straight forward, and clean and tidy. Unfortunately, as the video starts, I recognise the presenter from various other scam promotions and straight away I think the worst. The other put off is the fact that they are claiming you can make a minimum of $5607 guaranteed every day.
The Rapid Income Method video very quickly turns to testimonials from three so called members to help prove the legitimacy of the software. The first, Mrs Hughes, tells us that within exactly 6 hours and 34 seconds she had a balance of $3308.14 from 24 ITM trades, but offers no explanation of how or what her opening balance was.
The second testimonial comes from Mr Taylor who shows us his balance of $342,145.11 from just 349 winning trades over 8 weeks; thatβs just short of a $1k return on each winning trade without taking any losses into account! Finally, we meet Mr Bailey who has been using the Rapid Income Method for just 4 weeks and now has a balance of $258,098.11 from 289 winning trades; again, a similar ratio to before!
We then return to the presenter (who still hasnβt introduced himself) who starts to lay claims that you can even make over $45k every day; he then shows us the βevidenceβ to back up this claim which appears to be an attempt at a screenshot of the balance of his account (I think it was thrown together on a kiddies drawing app or something!) from the last 24 hours.
I think you can see where we are headed with the Rapid Income Method by now, but I still want to see who the bloke claims to be, if nothing else! His story gets more and more ridiculous as he tells us that his 11 year old son set up his own account in just 4 minutes and now has a balance of over $2k in his account. This one is almost laughable!
Finally, about half way through the video, we discover this guy is called Kevin Wood and he claims to have spent years losing money on βget rich quickβ systems. Looks like heβs trying to get his own back with this one! He goes on to tell us that he has built an empire which is worth $100 million (last time he checked) and backs this story up with a fantastically photo shopped copy of the Financial times with his story on it!
I am happy now I know who he is claiming to be and have seen enough to decide that the Rapid Income Method is yet another scam.
If you are looking for trustworthy and profitable software, then take a look at 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.