Stay away from Binary Options, no matter what their name or sales pages indicate. That’s what I learned from reviewing Auto Binary Profits and you’ll see what I mean here.
Quick Report on Auto Binary Profits:
Price: $20 which is then supposedly given back as a rebate.
Overall Rating: 0 out of 10 stars (Unbelievable scam!).
Auto Binary Profits in a nutshell:
Auto Binary Profits is the first program in it’s category that I’ve ever reviewed which actually asks you to pay for it in order to access it. Yes they claim you’ll get a rebate so it’s technically free, but usually these types of binary scams give you “free” access with no cost up front. That scam comes later!
The catch with this program (and all other binary options sites like it) is that you never actually have free access unless (and this is the catch) you put in money to whatever trading site they are promoting. Usually the minimum is $250 which by the way a part of will go to the person who referred you there, in this case Auto Binary Profits.
This place is mixing several scam methods together:
Besides the up front cost of this program and the fact that it’s another binary scam being promoted, what immediately caught my attention was the way this site was structured. I have reviewed plenty of scam websites before which said similar things such as:
- Earning $379/day.
- Getting a work at home kit.
- How you’re about to cash in on a billion dollar industry.
- How it’s been seen on popular websites, search engines, TV networks and more.
All those claims are things I’ve seen on other sites, countless times and each time, it’s been a scam. Not only that but the types of programs being advertised on these kinds of sites vary, from binary scams which is what we have with this program, to link posting type scams and various other things.
In short, you basically have someone create a website which has all these claims to seduce people into buying, but the things being promoted are scams. Another problem with that is how simple it is to copy over everything if the site gets too many negative reviews. They can just hop over to a new domain name and make it all over again and in many instances just promote a different program.
What I’m trying to say is that if you see similar types of claims on other sites you visit, regardless of what’s being offered, be aware that it may most likely be a scam. I say most likely but in my experience it’s always 100%.
As for the binary options side of things, be aware of what you’re getting yourself into and that is a black hole as I see it. You ARE going to have to put in a lot of money to even get involved with doing any of it which is going to basically come down to betting on stocks and if they will rise or fall within a very short period of time.
That’s really all that binary options really are and it’s a very unstable industry. You could end up losing $100’s if not $1,000’s by making bets you think are going to earn money, when the opposite may end up happening. It’s just one big gamble.
But that’s the actual business and while there’s little stability there, there’s even less (if any) with programs like Auto Binary Profits and that’s because they all say they’ll help you beat the system (that’s not possible). And good luck NOT trying to find a binary options program online. They are everywhere and it’s going to be a long time before they lose their popularity.
The $20 purchase, then rebate is a clever trick they’ve added to make you think you’re getting a good deal. Trust me when I say, you’re not.
- Nice looking site? Sorry I’m trying to find anything good about this place, but I just can’t…
- They actually have the audacity to charge you for this. Most other binary scams run the same nonsense, but for free.
- You will have to put in a lot of money to trade binary options. It’s never as cheap as they advertise.
- This site just has too many red flags that I’ve encountered WAY too many times before. I’ve even got a list of work at home scams that I’ve spotted, many of which have the same structure.
Final Rating: Auto Binary Profits
Red Flag (Scam)
0 out of 10 stars. Don’t be fooled by this program. It’s just an affiliate site promoting a dream.
My final thoughts:
I’ve made the point several times that when you promise people easy money for little or no work, you’re bound to attract a large audience and in turn get their money. And that’s why you keep having affiliate sites like Auto Binary Profits keep popping up.
Seriously, I could even make one of these sites and promise a system that will help people make easy money and what’s terrible is that it would work. Besides the claim of easy money, most people won’t go further into thinking what else is involved. They’ll simply be blinded by the though of riches. I know, since I’ve stepped on this rake numerous times while learning online marketing (About me).
All I’d have to do is register with a binary trading company, get my referral information (so I can get credit), set up a website which is very simple considering how easy it’s become for anyone to make a website (if you don’t believe me, see proof of how I make my own websites), I could have one set up in minutes. A lot of these types of sites even copy one another so that even becomes easier. Making sites isn’t the problem, it’s whether they’ll be used for good intentions or shameless promos which is bad.
Then I would use various marketing methods to get people to see it and that’s really all there is to it. It’s shameful. It’s unethical, but it would work. But when push comes to shove, I’d never do this. Not unless I’d actually have some real value and information to offer people and not just trying to make money anyway I can. That’s just wrong.
As for Auto Binary Profits, remember, it’s not the real site. It’s just connecting you to another source and they get paid for it. There’s nothing wrong with doing that, but if the site is promoting a scam, then it’s wrong and that’s what I see here.