Name: Insured Profits
Overall Rating: 0 out of 10 stars (A binary options scam disguised to look authentic)
Insured Profits in a nutshell:
I hate doing reviews on binary options programs (which Insured Profits is now a part of) because they all try to do the same things which is get you to register with one of their hand picked trading programs they get paid by if you sign up through them. There is nothing in my opinion that is genuine about them.
With Insured Profits what you’re being told is that you can make $20 for every successful binary option bet and only lose $2 if you get it wrong. This is the first time I’ve ever seen a claim like this and considering that in my experience with this field, your odds have always been 50/50 when betting on these things, not only did I not believe what they said, but I tried my best to figure out how it was even possible to back up such a claim.
Unfortunately I could not find any math nor explanation to prove this unless I would go ahead and pay into the binary trading sites Insured Profits was advertising to me. And considering how every system, formula and other nonsense I’ve seen from places like this before only proved to me that they are full of it, I’d rather not risk the $250 (minimum) they wanted out of me to find out. Nothing and I mean absolutely nothing on this site had me going for even a single second.
Keep in mind most of these sites never really get into details because there’s no need to. So many people are going to be memorized by the though of making money that they won’t care about proof.
Programs like these are the new scam “fad”:
I was first introduced to the concept of binary options in early 2014 and back then while friends of mine who were firm believers in it being a scam (though never trying it), I was one of those who wanted to find out if it was real or not. Looking into the way it works, I came to the conclusion that it had potential. Money really can be made doing this kind of stuff.
So if there’s potential, where is the scam? Well that’s where programs like Insured Profits come into the picture. All of these places (I sincerely believe it’s a 100%) are out there to try and make money from you promoting some kind of binary trading site.
And because it’s so easy to make money selling the idea of easy money, it’s no wonder there’s so many sites popping up trying to get you to join binary trading sites through them. Seriously, the money is easy, but for those who promote it, not exactly for those who buy into it. That’s why so many of these sites are popping up and why I’m calling this the new fad of scams online.
But what makes these scams so deceptive is that all of the places I’ve reviewed thus far all promise free access to their systems. Insured Profits is no different. In fact, the people in the video on their home page try to come off as being guy people making you think they designed this whole site to help you, how they were broke before they stumbled onto this and how they’re now making millions, in addition to how they’re going to share this with you.
I hear this all the time. If you were to put all of these sales videos together, it would be difficult to tell them apart. As for the good guy impression they try to give off, when I signed up for “free” and knowing I was then going to be told to register with one of their trading sites, I was shown even more videos with testimonials and a simple walk through of what to do. On that page, Steve’s friend, Donald talks about how nice of a guy Steve is and how he got to where he is doing good for the world.
Although he does sound sincere, not once in that video, nor any other on the site itself is it ever mentioned that Steve or whoever created Insured Profits is going to get paid a huge amount if you sign up. Seems like an inconvenient thing to mention no? And why not?
If they did, suddenly all of that “I’m a good guy trying to help you” would be thrown out the window. So I’m here to tell you that this is what’s really going on. They aren’t trying to help you. They are only doing this for themselves. It’s my opinion and I honestly have no doubt that it’s true. There is always a catch with these places. They are never really free:
Now granted, selling itself requires some sort of discretion. I do sales online and while it is true that I get paid for what I promote (if it’s purchased), I believe that a sale is fair as are the marketing tactics if and only if what you promote actually helps people and what you say about whatever you’re promoting is honest and doesn’t give people false impressions.
Insured Profits in my view does give very false impressions, if not worse.
Final Rating: Insured Profits
Red Flag (Scam)
o out of 10 stars. It’s a scam and any program like this is one you should never get involved with. There are much safer and trustworthy programs out there.
My final thoughts:
I am happy to see that with Insured Profits and other binary options programs that there are a lot of sites coming out exposing these places for being exactly what they are: Scams. This is good because it helps turn the tide and steer potential victims away from these places.
Unfortunately there will still be many who fall for these get rich quick programs without doing proper research first. In the future, should you ever encounter another binary program which says there’s free access, promises easy money and or something along those lines, let me know below and I’ll check it out, but more importantly, know that it’s probably a scam.