Insured Profits Scam By Binary Options Watchdog

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Insured Profits Scam By Binary Options Watchdog

Posted on by Patrick Jones

Hi Guys, as I mentioned in my previous Insured Profits Review, the whole concept of using a coin to illustrate how a hedging system was developed where if you risk $20 you can only lose $2 but win double the amount is not only infuriating, but also offensive and insulting. While Michael Freeman has obviously reached the right conclusion, his approach is less systematic and he fails to dissect all the scam components in a more scientific way.

Insured and Channel

First of all, he does not discuss the core argument and instead he reaches the right conclusion using his previous knowledge of scams using BinaryVerify (a fake third party verification system) and binary matrix pro.

Secondly, he does mention the people there are actors but he does not focus on additional key elements like the fake income statements page, and he also does not go to the trouble of really comparing it to other scams like the Channel Ranger.

Finally, while he does mention there “is no real value” in these offers, there is a lack of focus on the most important fact which is a complete and total lack of transparency. In the end, no one really knows what they are getting into with this pack of lies and deception, however this is not addressed either.

Insured Profits Scam by binaryscamalerts

Michael Freeman and Binary Options Watchdog is an excellent point of reference, however if you really want to get your fact together you can’t rely just on one source. The same is true for everything else in life, you need to look for various resources to get a more comprehensive picture of reality. This is true not because I am better or smarter, rather because no single person can have all the insights. That’s why businesses have brainstorming sessions and fortune 500 company CEO’s talk to their employees.

Digging in Deeper
Right off the bat you can see that there is a common theme which accompanies this review as well as the rest of his posts. The focus will always be around five major elements

  1. The actual scam, who the people behind it are (in broad strokes) and how deceitful it is.
  2. Some type of signal or automated trading (bot) service.
  3. Reference to binary options brokers
  4. An appeal to leave a message at the complaints center
  5. A request to leave a replay or comment

In professional terms he is using what’s called a boilerplate, which is moderately changed from time to time in order to resonate or produce a feeling of a constantly changing and dynamic environment.

When you read enough reviews you tend to pick up on styles, and Michael has a very creative and juicy style of writing, however it is somewhat rigid in form due to the nature of niche. It’s worth mentioning that re-inventing yourself over and over again is an arduous task which most people fail at (myself included in many cases). I do like the fact that he does talk about regulatory entities like the CFTC and FINRA, but this is only mentioned in a by-the-way fashion in this review.

Michael Freeman

Summing up, while I do like Michael Freeman’s style and the work that he is doing, when it comes to Insured Profit’s his scam review and analysis falls below his usual level of professionalism, and I for one would like him to keep writing more in-depth and controversial articles, and focus less on the obvious or superficial elements of exposing an obvious scam.

If you believe this article to be somewhat helpful please let me know by messaging me below as it is a source of inspiration for me and keeps me going.



About Patrick Jones

Exposing financial scams since 2015 on a daily basis. Patrick has an academic background in Journalism and a knack for delivering snappy and relevant reviews. View all posts by Patrick Jones →