Binary Scam Alerts

Archives for January 2016

A Summary of All Binary Options Scam for January 2016

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If you have been emailed or contacted regarding the Centument App, Citidel Software, Einstein Profit Method, Phoenix Trading, Global Millionaires Club, Medallion App, Insured Profits, or the Free Money System (Walter Green), you will want to read a recap of the scam reviews and investigations our staff conducted.

Centument Scam App and Gerald Reed the Actor
This piece of malicious fraud software will make you lose your money very fast and infect your computer with a Trojan Horse that will steal your personal information. The level of sophistication and false advertising tactics employed in this scam will send any cyber-criminal to jail for an extended period of time.

Citidel (Citadel) LTD Investment App and Dr Kent Grifly
This dirty scam is hands down the nastiest and most manipulative attempt to deceive and victimize innocent day traders into registering and funding a broker account under false pretenses. Anyone promoting this fraudulent app should seriously look in the mirror and ask himself how far he is willing to go to get his hands on the blood money sucked out of unsuspecting customers. This app will also infect your computer with a Virus that will lock you out and ask for a ransom.

http://binaryscamalerts.tumblr.com/post/137939858054/citadel-ltd-and-dr-kent-grifly-is-a-malicious-scam

The Einstein Profit Method
This is the cheapest and least sophisticated scam, the people who created this crummy software decided to invest the smallest amount of money and defraud people as much and as fast as humanly possible. There is nothing believable, honest, or genuine about this app, and that is a verified fact. The use of second rate actors and fake testimonials is so blatant and unsophisticated that it practically screams fraud.

Phoenix Trading
This is a really interesting scam which employs the use of a fake registration form and forged certifications to give the impression of a reputable service, when in reality this thing is a big fraud. William Johnston does not exists, he is just a fictional character devised to sell you an empty bag of nothing.

Insured Profits
Dave and Ginney are the all time scamming duo who will deceive and trick you into opening a trading account with some shady broker operating out of a creepy country like Uzbekistan or Sri Lanka, where people will sell their mother for a dime.

The Free Money System (Walter Green)
The Green Machine will rob you blind and send you to the cleaners. This is probably one of the biggest online deceptions ever carried out and recycled by thieving affiliates wanting to rip you off and get commissions for paying customers.

Other Scams that Keep Resurfacing
Binary Matrix Pro, Mockingbird Method, Coffee Cash Cheat, Channel Ranger, Binaryapp 810  (John Callaghan), Cash Code, Millionaire Blue Print, Fast Cash.biz, Google Trader, Dow Focus Group, Medallion App, Profit Maximizer, Profit Magnet.

Learn How To Avoid Getting Scammed
It’s not enough to complain, you also have to educate yourself and understand how these fraudulent schemes operate so that you can identify them and filter them out immediately from the start. Contact us by email at [email protected] in order to get free access to our 10 Point scam screening guide and you will be in essence “Scam-proof”.

Signals, Automated Trading, Bots
If you Google it you will find a lot of hype these days about bots, I personally do not recommend any of them since it’s basically giving someone or something else complete control over your money. If you have to go with bot Virtnext is the one I recommend this time, however signals and strategies are always my preferred tool.

Einstein Profits is a Shameful Scam – Honest Review

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Binary Scam Alerts is posting a severe scam notice on the Einstein Profits APP and automated trading software. If you have searched the internet for reviews regarding this software and reached einsteinprofits.com, be warned you have stumbled on one of the most fraudulent online binary options investment scams that are active now and luring innocent day traders into funding broker accounts using false advertising techniques.

Proof of Scam
Below you will find a top rated Fiverr actor that specializes in promotional videos and testimonials and will actually do a very nice review for your product or service if you pay her a whopping sum of 5 US Dollars!

Einstein

I actually used this actor to do a paid presentation for the Medallion App scam, and she was indeed very professional.

Exaggerated Promises of Instant Wealth and Prosperity
It boggles the mind how these low level ripoff artists stick to the same patterns of deception and thievery time and time again without any regard for public safety or security. Let’s get some facts straight, becoming a self-made Millionaire will not happen overnight if you use a push-button app some scammer gave you over the internet. People spend their whole lives trying to become rich, and it takes a lot of hard work, sacrifice, and dedication.

Einstein as a Public Figure
What personally disgusts me is the fact that they used someone who is a famous public figure, in this case a world renowned Physicist and Mathematician, and tried to piggyback on his reputation in order to promote their bogus software which will undoubtedly infect your computer with Malware if you download it.

Fake Certifications, Logos, Reviews and Testimonials
Stupid logos, cheap actors from Fiverr, rehashed reviews and testimonials that look like they were pulled out of a cheap hat trick 5 years ago categorically place this scam as something I would call “less than sophisticated”, however very effective on certain people.

Fake and Inflated Bank Accounts
That is an old Photoshop trick and has nothing to do with binary options trading or any form of legitimate online investing. There is no fool proof system or holy grail of binary options that will make you a millionaire over night, and the sooner people realize this the faster they will understand that trading takes time, effort, and an initial investment. Anyone trying to sell you a short cut will eventually scam you and leave you hanging to dry with a drained bank account and an overextended credit card.

No Real Proof of Wins
The only proof of win you will ever need is the one from the actual trading history inside your broker account such as the image you see below. Anything less will not be satisfactory and is a blatant attempt to mislead and deceive you in order to get you to fund a trading account.

real proof

Similar Scams
Scams on the same level include Coffee Cash Cheat, Mockingbird Method, Simple Profits, and Spectre System. The more insidious ones are Insured Profits, the Free Money System (Walter Green), Binary Matrix Pro, Centument App, and Channel Ranger.

Signals AutoTraders and Bots
The only automated trading solution I can recommend these days is Virtnext, which in my opinion will not make you the same amounts of money as signals since there is more flexibility and control over the contracts, investment amount, and ability to check technical analysis.

Conclusions and Recommendations:
Einstein Profits or Method is a cheap scam and an obvious attempt to lure innocent traders into funding broker accounts under false pretenses. It’s relatively easy to spot because they are using every dirty silly trick in the book so for someone with a trained eye its easy to spot. If you have been tricked, cheated, or duped by these online hooligans and have bought into this bag of tricks, please contact us at [email protected] and we shall try to assist you in recovering stolen money.

Phoenix Trading is a Scam that Steals Credit Card Information

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Binary Scam Alerts is posting a severe scam notice related to illegal activity, specifically credit card fraud conducted by the Phoenix Trading App and William Johnston from the Marshall Sherman Group.

Phoenix

Our staff  has recently been swamped with a series of freighting complaints from traders telling us their credit cards were overcharged in an apparent conspiracy between Phoenix Trading and shady brokers operating out of Kazakhstan and Moldova.

How Does the Scam Work?
Traders are tricked by William Johnston into funding a binary options trading account with some shady unregulated brokers such as Optionmint or Inside Option. After depositing with their credit cards traders were astonished to see they were overcharged significantly, and are now planning to pursue these scam brokers and the Phoenix Trading APP with a class action suit.

Needless to say I was not shocked, but quite startled at the audacity and level of disregard these people have towards paying clients. However, at this point and time I will not reveal all brokers involved in this scam until everything has been clarified and all claims refuted with evidence and proof of fair play.

What is the Phoenix Trading APP and What Does it Do?
This automated trading software is downloaded to your computer and supposedly integrates to a broker. Auto-traders (BOTS) take positions or buy contracts based on pre-selected criteria and trade on your behalf. Similar systems include Virtnext and Mike’s Auto Trader, which are probably the only ones I can actually recommend these days despite some of the bad reviews they picked up here and there. The problem is with the Phoenix software is that it’s a rehash of an older scam called the Coffee Cash software and we heard a lot of people lost their money on that scheme.

Proof of Scam: Fake Logos, Certifications, and Marketing Tricks
Everything about this App and William Johnston screams scam for a variety of reasons. First, there is no Marshal-Sherman, and if you Google it you will just see a collection of review sites rightfully slamming this bogus offer. Fake testimonial pictures are just re-shuffled image bank photos that are set up in order to deceive potential customers and convince them the software is legitimate. By the way, people don’t really place importance on false advertising since it we have become accustomed to accepting it as a just another form of marketing, however these tactics lead to heavy fines and at times even extended prison sentences.

Valid Proof of Winning Trades?
The only evidence provided is the fake photos of some image bank actors and excerpts of supposed successful trades on a fake Twitter and Facebook feed which is not even clickable. This is obviously a cheap and sleazy attempt to create a sense of legitimacy and honesty, however after a closer inspection it’s quite easy to identify the same criminal-type patterns of manipulation these rip-off artists have implemented in their bogus offers. Please make a note of this, the only relevant proof you will ever need is actual screenshots of the trading history inside the broker account, anything else is just recycled code or performance widget designed to trick you into funding your account.

Fake Registration Process
William Johnston (fictional character) is telling telling you to register for the software, when in reality you are signing up for a broker. This is the most deceptive part of the con job, since choosing a broker is almost a religious process that demands extensive research and understanding of the market and how things actually work in this business. Remember that at the end of the day your broker will be wiring you the money, and not the nitwit in the commercial.

Phoenix

Exaggerated Amounts on Fake Profit Meter
If you are told you will be making $10,000 a day on Auto-pilot simply close the advertisement you are looking at and consider looking for alternative methods to supplement your income. You are very well on your way to getting ripped-off by professional con-artists who have been doing this for a long time.

Similar Scams
If you recall insured profits, the free money system (Walter Green), Binary Matrix Pro, the Mockingbird Method, Channel Ranger, and Insider John are all based on the same technological and marketing base designed to squeeze money out of innocent victims and into the hands of the affiliate marketers and brokers.

Signals and Automated Trading Tools
Believe it or not there are still some great ways you can profit these days trading binary options, however if you are looking for a ready-made or done-for-you system that will generate infinite wealth for you, then you need to wake up and understand that there is no such thing.

Conclusions and Recommendations
The Phoenix Trading App and William Johnston is an obvious scam and the broker that takes your money will steal your credit card information, over charge it and bleed you dry with nothing left in your wallet. I strongly urge you to stay away from this thieving software, and definitely not download anything on your computer, mobile device, or tablet since there is a high probability it will be infected with viruses and malware as this is a growing trend these days as we have seen in the Citadel and Centument Apps.

Global Millionaires Club is a Scam and a Reveton Ransomware Virus

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If you have searched the internet to find out if the Global Millionaires Club by Alexander Wilson is legit or a scam, you need look no further. Our staff has recently been flooded with complaints from an angry mob of traders insisting they have been locked out of their computer, and received a message for a $200 ransom to be paid by MoneyPack or Bitcoin currency.

reveton

The Reveton Ransomware Virus is designed to extort money from innocent victims (that’s you) wanting to trade and profit from binary options.  The so-called “software” is in reality a type of Trojan Horse downloaded into your computer, most likely by a small community of Botnet Hackers in Russia which specialize in cyber crimes, online credit card theft, and internet fraud.

Global Millionaires Club

How Does the Scam Work?
In most cases you will receive an Email or message on your computer asking you to click or download a link. Once you do that you are referred to the website where you register, your email and then directed to a members area. After you register at some point your computer may (or may not) freeze, and you will see a ransom message, in most cases its for $100 to be sent to an offshore bank account.

Global Millionaires Club

No Transparency When it Comes to Choosing a Broker
Similar to other scams, this bogus offer actually tells you to press the “play” button (see image below) after you fund your trading account, how stupid is that right? This tells you they perceive this as a game as opposed to professional trading, and it’s a very strong indication the software is more like gambling as opposed to actual trading.

No Proof of Wins
The members area shows you some photo-shopped pictures straight out of an image bank and some numbers rolling back and forth. It’s a java script widget that reads random data from a pre-selected script and has nothing to do with reality. Another great indication of the scam are the fake news syndication icons that can be seen below the movie or in the members area.

Global Millionaires Club

Fake Reviews and Testimonials
There is not one single piece of genuine truth in this deliberate attempt to mislead and deceive innocent victims so they may fund a trading account with some shady broker operating out of some slimy basement in the Philippines or Moldova with sales reps that will sell their own mother to get commissions on depositing traders.

Why Are They Using Reveton Trojan Horse?
Well, think of it as a kind of extra or perk on the advertising side. After these affiliates receive commissions from the brokers for referring traders, they extort people to get payments from them in order to unlock their computers. It’s kind of like a restaurant losing money on the main course but selling you Whiskey in order to profit, only they make their money in both cases.

Similar Scams
Similar scams include but are not restricted to the Citadel LTD App, Centument, Insured Profits, Free Money System, and Channel Ranger.

Signals, Auto-traders, and Bots
In the sea of offers waiting for you out there, it’s possible to find a few solutions that have arisen to become the market leaders. In our reviews section we mention Virtnext and the Binary Profit Method as solid trading tools that provide consistent gains over time, and those are the systems we recommend.

Final Verdict
The Global Millionaires Club co is not an honest app and there is nothing genuine about it. After careful review and consideration we have decided to officially categorize this quick get-rich-scheme as a less-than sophisticated binary options scam, and if you feel you absolutely have to try it out make sure to provide them with fake details and use an old computer because you will get locked out and phished for sure. If you have lost money with this fake app and would like us to intervene in order to assist you to recover your funds, please contact us at [email protected] and we shall try to assist you as much as we can.

Citadel LTD and Dr Kent Grifly is a Malicious Scam and a Rootkit Virus

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If you have searched the web to find out if Citadel LTD and Dr Kent Grifly are legit or scam, you will be shocked to hear this alarming update. After being contacted by a staggering number of traders inquiring about the Rootkit Virus after downloading the automated trading software, it is quite evident that Citadel LTD AKA Citidel is a nasty malware and phishing scam designed to steal your personal information.

citidel

Traders have recently complained about their Email being stolen, credit cards over charged by shady and unregulated binary options brokers located offshore, and overly aggressive sales reps with a heavy Indian and Russian accent tactlessly pursuing them by phone, Email, and most recently through the Postal office offering them CD’s with infected software to download.

Proof of Scam
It’s worth while mentioning that as opposed to what this obvious deception is claiming, Dr Kent Grifly DOES NOT EXIST, now I want you to take a look at the image below:

Citidel 3

I went to the University of Iowa website since that is where this good Dr is supposed to be employed at as a member of the faculty, and guess what? The person does not exist, and I even tried repeating the search after intentionally misspelling his name just to make sure.

Citidel 2

Now, above you see a fake review site which is very aggressively promoting this obvious scam without any fear or retribution or possible jail time. This is a complete fabrication of the truth, and the surprising thing is that it’s very easy to check however most people won’t go to the trouble of doing the proper research since they are too busy living their lives and working from one paycheck to the next.

Why Are Binary Options Signals and Automated Trading Bots so Popular?
Well, the ease of use coupled with potentially high profits is something which is extremely difficult to overlook these days, especially when market volatility is high due to the Chinese Recession, Lower European buying power partially triggered by immigration issues, and Oil price reduction due to Middle East Geo-political strife between Saudi Arabia and Iran.

citadelbanner

People are looking for alternative ways to invest and profit, and binary options seem very appealing to the naked eye, so in reality potential investors have become de facto investment scam victims that are exploited by savvy marketers.

Similar Scams
It’s interesting that there is a massive increase in these schemes and some of the more popular ones are Insured Profits, The Free Money System by Walter Green, Centument LTD, Mockingbird Method, Binary Matrix Pro, Oz Robot, Coffee Cash Cheat, Channel Ranger and Megaprofix. This is a very partial yet respectable list of bogus offers that have been heavily promoted in binary options.

The Citidel LTD Scam by Dr Kent Grifly is a scam and I don’t care if all the review sites out there say otherwise, I’m…

Posted by Binary Scam Alerts on Friday, January 22, 2016

What Does Work?
Our recommended signals and automated trading tools are very few and with good reason. We will only recommend Virtnext and the binary profit method which is a totally transparent signals tool that let’s you choose your broker and level of risk.

Conclusions and Recommendations:
Stay away from the Citadel LTD automated software app since it will inject your computer with a Rootkit virus and illegally steal all your credit card information. If you have invested with a broker through this software and found yourself losing money quickly, getting overcharged all of the sudden, getting spammed with unrelated offers, or even getting a frightening call from your bank telling you your credit card is now blocked, please contact me by leaving a message below and our staff will try to assist you in recovering your funds.

Citidel LTD Investment App Scam Steals Money Proof

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If you have browsed the web and searched this question: “Is Citidel LTD Investment App a Scam or legit?” After reading this full review and investigation about who Dr Kent Grifly really is, and being exposed to some particularly disturbing information, you will reach the obvious conclusion that this Auto-Trading software is an illegal binary options scam that steals money from innocent victims.

First of all, there is no Grifly Capital, just Google it and you will see a collection of review sites rehashing old and cumbersome lies about how this person has had a “substantial impact on world economies” and is now making  in excess of “$140,000 monthly for the past 5 years”.

Secondly, these are the same people behind Centument LTD and Dow Jones Focus Group (AKA the scam Equinox automated trading software). This can be seen very plainly because they use the same form of illegal false advertising tactics, primarily that they hide the fact that you are registering for a broker and tell you it’s for their software.
citidel scam

Below you will see the Centument member’s area, you can compare the two and see they use the same content and exact same form and the fields are aligned in exactly the same order.

centument

I will say this for as long as I have to until viewers understand how they are being cheated into funding a trading account without providing written consent. Legitimate signals and automated trading software will offer you the tools and let you choose from a selection of brokers. You can then do your research and move on to decide if you want to continue with the service provider or seek alternative options to make money trading binary options online. This is clearly not the case with this App.

Additional Proof – Fake Logos that Can’t Be Clicked
CITIDEL2

These guys are up to no good, doing the same tricks and stealing peoples money while using shady brokers usual people would never even consider registering for. They are professionals at victimizing innocent would-be traders looking to supplement their income or altogether quit their job and become full time day traders.

Special Features of the Citidel Investment App (No Joke)
1. It will infect your computer with a Virus that will steal your credit card number and personal information – don’t download or install anything!
2. It will make you lose all your initial investment very quickly.
3. It will force you to register for a broker without letting you check the integrity, honesty, and most importantly withdrawals issues related to that broker.
4. It will provide your personal information, specifically your Email and maybe Phone number to unauthorized third parties. So if you start getting SPAM offers for Replica Watches and online Pharmaceuticals don’t be surprised.
5. They may partner with brokers that have been known to overcharge customer credit cards. This is real credit card fraud committed by some shady brokers in 3rd world countries or the Middle East where they don’t really care about customers or ethical business practices.
6. Some of these brokers have been known not to let you withdraw your winnings, even if you have miraculously won a small amount (AKA Deposit only brokers).

Fake or Plagiarized Citidel LTD Reviews and Testimonials!
The whole testimonial section looks like it is out of Facebook, but when you try to click the links nothing happens because there are no real profiles and the excerpts are obviously made up since they are too predictable, and the images are almost theatrical and look like they have been taken out of some image bank.

Citidel-LTD-Testimonials

Pricing
Guess what? It’s free, but you need to fund a broker’s account if you want to start trading. Amazingly it’s only gonna cost you $250, excluding Porter Finance which has a $200 minimum deposit policy and happens to be the only good thing I can recommend in this review since they have a solid reputation for paying on time.

Additional Facts:

1. Reaching 84% + ITM trades in binary options takes time, research, proper guidance, and a substantial investment since there is a learning curve.

2. There is NO push-button solution to becoming a millionaire overnight, and if someone tries to sell you that pitch try to dig deeper and seek out more diverse sources of information.

3. The App is not innovative, it’s a rehashed piece of scam software. There is nothing genuine, honest, or transparent about it.

4. There is no conference, similar to the old German Banker Secret seminars where people were lured into funding trading accounts under false pretenses this video acts the same way. Other similar scams include Insured Profits and Walter Green’s Free Money System.

Auto-traders, Bots, and Signals
There are other ones that work, in terms of automated trading solutions the only ones I can recommend are Virtnext and maybe Mikes Auto Trader since I personally tried them out and profited consistently. As for signals, check out the reviews section and tell us what you think by emailing us at [email protected]

Conclusions and Recommendations
The Citidel LTD Investment App is a rehash of Centument Limited and the Equinox software. Dr Kent Grifly is a second rate actor, and the presenter in this promotional video looks like a fully certified scam artist. I would not buy a bag of peanuts on the street from people as insincere as that, much less pull out my Visa card to fund a trading account with a broker. You have been warned to stay away, and if you have problems recovering stolen funds try messaging me and I’ll see what I can do to assist.

Centument LTD is a Scam APP that Steals Money

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I have just been barraged by a flurry of scam SPAM Emails telling me how the Centument LTD App and Gerald Reed will make me millions of dollars with binary options trading. If you have seen reviews by “ethical” Watchdog sites telling you the opposite, get ready to lose your money because they are affiliates getting commissions for promoting fake binary options trading systems that don’t work.

Quick Update: Centument LTD has been relaunched under the name Centument Project 2.0, but its the same people running the same scam! And the same actor is being used to promote it.

centument

Proof of Scam
You can see the images and title above have nothing to do with reality just by googling the subject lines, it’s just a way to lend it more legitimacy. This is the same tactic used by the medallion app scam and without any doubt or reservation the same people are behind this get-rich quick scheme. In fact, it’s very interesting how many review sites exposed the medallion app as a scam for using these tactics, but actually give the Centument LTD app their stamp of approval. I absolutely abhor this hypocrisy and lack of professionalism.

SPAM Emails:
I got an email from some guy calling himself Ichimoku Robot who is asking me if I heard If Bloomberg knows what it is talking about? Well, what a joke right, and now I’m gonna auto-pilot my way into making massive amounts of money trading binary options.

Centument 2

More Proof:
Fake CNN, Forbes, and Bloomberg logos are used as false advertising tactics to deceive innocent victims and lure them into funding trading accounts with shady or unregulated brokers that want to bleed their savings plans dry.

High End Production
This video took a really heavy investment on behalf of these marketers and they were willing to put up significant amounts of money and hire expensive actors and movie producers to get a high quality movie. Still, they are sticking to the same tactics and making the same kinds of mistakes and that is because everyone knows there’s no such thing as a half way crook, and once you are set on a path you can’t deviate from it and become an honest software provider with a legit offer and something that actually works.

Additional Proof
If you scroll down to the bottom of the first page you will see a set of logos that say “Premium Quality” and “The Perfect Choice”. That doesn’t really mean anything and those are not clickable and don’t lead anywhere. I honestly don’t know why they are using these marketing tactics, apparently they do work on most people.

Centument 4

False Claims:

  • Autopilot Earnings
  • Spendable Profits Tonight
  • No Trading Experience Needed
  • Software Does Everything for You
  • 24/7 Support

I tried contacting them and guess what, all they wanted me to do is fund my trading account and would not answer simple questions or get Gerald Reed the actor on the phone to actually verify who he is.

Similar Scams
Insured Profits, the Free Money System by Walter Green, Medallion App, Binary Matrix Pro, Channel Ranger, and Mockingbird Method all use the same dirty tactics. Some of them even deploy malware and will infect your computer with a virus. This also smells like a phishing scam so be careful not to divulge any personal information specifically credit card or bank information.

Learn How to Avoid Getting Scammed!
Register for our newsletter and subscribe to our YouTube Channel to fully understand how to avoid getting duped and defrauded by street savvy online pirates and hooligans. Get our 10 Point Free Ebook, just ask us for it.

Summary and Conclusions
The Centument LTD App is a Scam, that employs the same dirty tactics and will try to sell you signals or automated trading tools under false pretenses and deceptive advertising practices. You can rest assured they will steal your money and leave you hanging on the tree to die as long as you fund a trading account through one of their recommended brokers.

Insured Profits is a Spam Scam Be Careful

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Despite all the negative reviews Insured Profits is still continuing to scam people in a very effective way. Here’s a description of one of the most sophisticated binary options scams and how its done.

insured profits spam

  • Category: Investment Scam
  • Address: Unknown
  • Name of the Con Artists: Dave and Ginny (Actors)
  • Method of Operation: Primarily Spam, but Also Phishing, Hacking, False Advertising
  • Download/Install Required: Yes
  • Malware: Yes
  • Contact Mail:  [email protected]
  • Official Site: http://insuredprofits.com/indext.php

Insured Profits Scam Comprehensive Review
Dave, Ginny, Steve, Andy are a part of a team of professional actors paid to promote a binary options scheme dubiously named Insured Profits.

Main Sales Pitch:
The main claim or solicitation is the false claim that for every $20 invested you stand to make that amount back including 75% ROI, and for every trade lost only $2 would in reality be deducted from your trading balance.

Why is this a Scam?
The mathematical flaw is  embedded in the actual logic (or no logic for that matter), there can be nothing like this, and even investment giants like Goldman Sachs or Bank of America Merrill Lynch don’t have these types of return on investments.

How Are Victims Targeted?
The creators of this scam employ various types of tactics, however the use of SPAM Email marketing is the preferred method. Sometimes you signup for something and are not fully aware that this service is actually selling your email and personal details to a third party, or altogether spamming his lists in the hopes something pans out.

False advertising is also a very prevalent tactic used to solicit unsuspecting traders. For example, “this system can make you $100,000 a day” is really a common practice, and while people usually overlook this it should be known that it is a crime and people pay fines and/or serve jail time for unlawfully deceiving people this way.

Hacking or manipulating Google to index fake sales pages while using commonly used keywords is another way to target victims. In fact, there is a growing trend now where opportunistic hackers are copying content from reputable sites and displaying it in a deceptive fashion. I won’t put the link here because you will click it and then your computer will be infected with malware.

Phishing is when someone poses as a legitimate entity to illegally obtain financial information such as credit card, bank account, social security, or password details. If people contact you to obtain this type of information, make sure to report them to your local authorities or otherwise simply move on.

Spyware is an additional method employed by marketers, and this is used to track your internet surfing habits and sell you relevant offers or promotions.

Other forms of fraud include credit card fraud, debt collection, fake checks, lottery scams, moving, fake invoices, Email Spoofing, the Nigerian Scam, tech support scam, and identity theft.

Similar Scams
The Free Money System (Walter Green), Channel Ranger, The Mockingbird Method, Coffee Cash Cheat, Binary Matrix Pro, and Dow Focus Group all use similar tactics and they will surely steal your money if you register for their service and with one of their shady recommended binary options like Interactive Option or Optionmint.

How to Protect Yourself
One way to do it is to make sure you deposit funds with websites that are HTTPS secure. This can be identified with the padlock in the URL of the site. Another way is to check the Better Business Bureau website, or sites like ripoff report which are usually the first ones that get the scam reports.

HTTPS Secure Site

Summary and Conclusions:
Insured Profits is a malicious, deceptive, and dirty binary options scam designed to trick you into downloading viruses into your computer and stealing your credit card and personal information. If you want to report or submit a complaint in order to recover stolen money and get a refund please leave a message below the post and our staff will contact you accordingly. On a side note, this app is also available on Android as well as IOS. If you are looking for an alternative solution in the form of signals or automated trading tools, make sure to contact us at [email protected]

Learn How Inside Option Scams Traders

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I was recently contacted by Michael, a genuine trader who registered and funded an account with InsideOption.com. Michael was deeply concerned about the possibility of fraud committed by this broker and possibly having his money stolen so he contacted me. I immediately advised him to collect all the documents he sent them and all the correspondences going back as far as he can remember.

insideoptionscam

What I received was a package of Emails, screenshots, and documented conversations which tell an all too well-known story about how a bloodthirsty, swindling, unregulated broker steals money from unsuspecting victims.

Now, here’s the important thing to remember. Michael was most likely lured in by an advertiser who most likely already received his commission, so in order for the broker to make money the trader has to lose it. This is called a Market Maker broker, as opposed to ECN or an Electronic Communications Network which is backed by a liquidity provider and profits based on trading volumes not win/loss ratios.

After sending these ripoff artists an email and verifying it arrived, I gave them 24 hours to provide proof of payment. Needless to say they didn’t bother replying because they have no intent of paying, so what can they say right?

Inside Option 2

After looking deeper into their website I started getting a picture of who these crooks are. First of all, they have PCI Compliant, Verisign, and GeoTrust logos. This could not be farther from the truth since the URL bar would have a yellow lock sign on it saying it is secure (see image above). Furthermore, there is a collection of fake “certified by” logos in the registration page. These logos don’t mean anything and are also not clickable. When you click a logo a window is supposed to pop up and show you the name of the owner and when the license expires. There is also a number there in case you wish to report a complaint about the business or the service you received.

insideoption3

OK so, this guy Michael started flooding me with all the documentation he sent which included a deposit approval form, front and back photos of his cards, utility bills, and his driver’s license, until I told him to stop because there’s more than enough here to prove they are thieves and should be sent to jail for running an investment scam. Strictly speaking, if the broker is not regulated there’s not much you can do except threaten a dispute with your credit card company. That’s more or less the only thing that may work, but you will never see your winnings, just the amount you originally invested and you should consider yourself lucky in a case like this.

OK, so let’s conclude! insideoption.com is a complete scam and who knows who or where they are. They claim their address is in Stoney Ground, Kingstown, St.Vincent and the Grenadines, you are welcome to seek them out and ask what they have to say about this. If I had to bet I would say they are either somewhere in Russia or the Caucuses – a place like the Ukraine or Moldova, or alternatively somewhere in the Middle East running a scam with a pack of dirty sales agents.

It’s important to remember this begins with very attractive offers like Insured Profits and the Free Money System (Walter Green), where they promise you riches and prosperity. These are just scams affiliates use to get you to deposit with one of their brokers, or alternatively it can be the broker himself posing as an affiliate to enjoy deniability. Either way, you can only lose so if someone has scammed you before please leave a comment below and tell us how it happened and how much money you lost.