Binary Scam Alerts

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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.

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.

Simple Profits is a Scam

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Is simple profits is another dirty scam or is it a legit money making method? Well, our staff conducted an in-depth investigation after receiving a flurry of new complaints, and found nothing genuine or profitable about this new binary options get-rich quick scheme.

simpleprofits1

Here’s the scam description or main sales pitch:
If you invest $100 and win, you stand to make $75, but if you lose we will hedge your loss so at worst you break even.
The system advertises a “done for you”, push button auto-trading method which will generate millions of dollars for you.

Proof of Scam:
1. Screenshots of phony bank accounts.
2. Fake logos – worst of all is the Better Business Bureau (see image above).
3. FAQ Section is ripped off from another scam called “proven profits” – here’s the link: clicktowebinar.com/FAQ/
4. Exaggerated winnings in a short period of time.
5. Member’s area is really a broker registration form and has nothing to do with the crummy software.
6. Terms and Conditions are copied from an older scam called riskfreeprofits which is no longer live.
7. Fake News Snippets
8. Fake bank account screenshots
9. Testimonials are not real

Here’s a simple check anyone can do. Simply go to Google and search “newly released binary app makes becoming a millionaire easy” and see what comes up. Well, it’s not the New York Times, nor is it the BBC. This is really false advertising and a huge scam, and when you see these types of fraudulent claims I urge you to step up and report it to me at [email protected].

simple profits 2

Additional Red Flags
When I tried contacting these ripoff artists looking for a reasonably fast and professional response, no one ever returned to me. Even when I asked about funding my account they were not interested in responding. Apparently they are dealing with so many traders that they don’t have time to get back to people.

I tried looking for honest and positive reviews and did my research. I could only find some shady affiliate site promoting this stupid insured profits type of rehashed bogus claims. There is not one single piece of true information can be found. Even watchdog didn’t bother diving into the body of evidence since the con is so blatant and low.

Why is this Happening?
Scams like simpleprofits.co, insured profits, free money system, channel ranger, and binary matrix pro flourish because of two major reasons. First, the brokers associated with these scammers are begging for customers and will not have any qualms or quarrels with the advertisers and their tactics. Secondly, in many ways it’s like the tail wagging the dog because the affiliate generates the customers and the commissions he receives are so high that it’s just too attractive to ignore or pause to think about how to be a more responsible advertiser.

Learn How to Avoid Getting Scammed by Opportunistic Affiliate Marketers
There are 10 points I outline in my free guide, and once you master these ten points you will no longer get scammed by binary options affiliates, or for that matter any promoter trying to push a deal online.  To get your guide just leave a comment below or message me through our YouTube Channel.

Recommended Brokers, Signals, and Auto-traders
If you are sick of all the scam brokers out there we have a short list of 4 brokers we deal with and they are all recommended. We manage a tight ship and demand high standards from our brokers. Additionally, we offer a mediation service if you encounter any issue especially with cashing out or seizure of funds policies. Our strategic partners offer signals tools and strategies that will actually help you become a successful trader once you understand it takes a bit of time and a small initial investment.

Final Verdict
The so called Smartprofits app is really a scam and a stupid app, and if you invest your money or decide to fund an account with some shady broker don’t say I didn’t warn you because thee guys will steal your money without a trace of guilt or remorse.

Optionmint is a Scam Broker

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After receiving a few complaints from traders wanting to cash out their winnings at Optionmint.com, I decided to check this broker and conduct a full and comprehensive investigation to determine if its a scam or legit company. To my astonishment I found out some facts that would even put Black Beard himself to shame. At first, it’s worth mentioning that the staff is not responsive at all. I sent 3 emails about three different issues, no one responded to my requests and I did check my junk box just to make sure. Furthermore, I noticed that immediately after I registered, I started getting spammed with a variety of make money offers and get-rich-quick schemes. Well, that should be enough to reach the right conclusions, but I wanted to give them a chance so I continued to dig in and look for additional information.

First of all, immediately you see they employ false advertising. In the right panel on the registration page they have a 1,2,3 steps text box which says you start to get 85% return on your investment from the start (check red box below). That’s an outright lie and false advertising.

Optionmint Scam

Furthermore, it’s customary to let the person registering for your service choose if they wish to get emails and not select for him. These hooligans trick you into believing you are subscribing to get emails about your trading account, while in reality they spam the hell out of you with senseless offers about bonuses and promotions. On top of everything a few days after I registered I started getting spam Emails about replica Rolex Watches and fake pharmaceuticals so these guys are really shady characters. I was shocked to see them bypass the Gmail spam filters and go directly into my inbox with a barrage of spam emails that would shame Google.

Last but not least, I always like to check the terms and conditions section when checking out a broker. This is where I was positively surprised, and I must admit I didn’t expect it. Their minimum withdrawal policy is $100, which is very nice considering the low amount, and a lot of brokers put a $200 minimum since it is a way for them to lock in traders who have started losing funds and wish to cash out and cut their losses. Still, everything considered they might as well put $5 there since I believe when it comes to actually withdrawing money they will gouge your eyes out before permitting the transaction.

Broken Links
Additional proof of fraud can be seen when clicking on links that don’t lead anywhere with this message: “HTTP Error 404. The requested resource is not found.” Such was the case when I tried clicking on their link to the affiliate program.

Supporting Evidence
Ripoff Report has these guys scamming traders by getting them to re-invest, then actually do the trades for them and lose the money. This is the mother of all sins, and in no shape of form is allowed unless you signs a very long form letting the broker or system trade on your behalf (and I don’t recommend that at all). In the case below it’s even more disgusting since they are preying on the weak, and people who don’t have money. You can see this person refinanced his mortgage in order to get money and invest based on some illusion a salesperson concocted.

Ripoff Report OptionMint

Conclusions and Recommendations
I believe without any doubt or reservation that similar to Zenith Options, TraderXP, and Interactive Option, Optinmint is a total scam and impostor (it’s also not regulated). There is nothing genuine or honest about optionmint.com, besides their intent to deceive, mislead, and con unsuspecting victims into losing their investment. I find this particularly disturbing due to the fact that a variety of advertisers openly promote this scam without bothering to check or conduct a simple and routine investigation. I urge anyone which has had a negative trading experience to step up and report these online pirates by sharing their thoughts and leaving a comment below explaining what happened and how they feel about it. If you are looking for signals or assistance depositing or withdrawing money from a broker, feel free to contact us by emailing [email protected]

Interactive Option Closed

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This post was in regards to an old dispute between a broker and a prominent blogger and website owner. We were contacted and respectfully asked to remove this post. We have done so at the advise of our legal counsel.

We invite you to check out our more current and updated scam reviews.

Thanks,

Pat and the Binary Scam Alerts Team

Megaprofix is a Scam

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Megaprofix is what I refer to as a low level or unsophisticated binary options scam. It has all the right ingredients, a bullshit story about a bank secret, and some method about how a person who was fired took his revenge by leveraging this secret and making Millions of dollars. This scam is very easy to spot and it’s plain to see they will steel your money.

Mega Profix Scam

If you look at the testimonial section you will see our favorite Fiverr actor who is also the primary spokesperson for the Spectre System Scam. Now I could stop here and that would be enough, but just to make sure I’d like to rip this thing apart and look at it from a more in-depth level. If you scroll down to the bottom of the first page where you have to enter your name and email, you will see some TV logos like CNN, that is an immediate scam alert unless there is a link or some type of tangible proof that this thing has been published in CNN.

Furthermore, these guys are outright promoting this thing to affiliates in the most open and transparent way without even trying to hide it. This means they assume (and correctly so) that most people don’t understand the concept of affiliate marketing. Well, in essence an affiliate marketer is someone who receives commissions for referring customers, much like a travel agent gets paid by the airlines for tickets purchased through them by passengers.

The big difference here is that a travel agent understands that he has to please both the airline as well as the paying customer. However, since the internet is an anonymous medium and people can pretty much say or do what they want without having to face immediate consequences, the temptation to scam people is tremendous simply because you can get away with it in many cases. To be illustrate, I can’t imagine that travel agent selling a fake ticket to a paying passenger because they know there will be immediate consequences and maybe even jail time.

OK, so here’s another little tip. A scammer will in many cases ask you to register for his “system” in the members area (that’s the second page). However, you will in fact be registering for a broker. So don’t get pissed off if you get a phone call for someone in an offshore country asking you to deposit, if you were careless enough to leave your details expect to be called profusely since these people are getting paid for getting you to deposit and the affiliate is also getting paid on the back end but the money has to come from somewhere – that would be you.

Mega Profiix 3

In the picture on the left side you will see two very obvious indications of this tactic, the first is that they are actually telling you that you are registering for their software which is the biggest lie of all, because in reality you are signing up for a broker. Secondly, they will always ask you for 5 pieces of information. First name, Last Name, Email, Password, and phone number, this is done because that is the broker’s criteria for a valid registration.

OK, so here’s the obvious conclusion and recommendation: Stay the hell away from this obvious scam, there is no way you will ever see a dime from this system, and quite the opposite it true – meaning you will lose the money you invested unless you read my reviews and follow these steps as outlined in my free E-book, even Michael Freeman from Binary Options Watchdog missed a few of these. Thanks, Pat

 

Insured Profits Scam By Binary Options Watchdog

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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.