I really don’t think these binary options trading software scams will every stop, but being one of the few legitimate reviews out there, I know I can save some people from losing their hard earned money.
Name: Authentic Profits
Owner: Matt Ellington
Price: “Free”
Overall Rating: 0.5/5 Stars
I really only give these scams credit, because they do put some work into creating the whole funnel that will take your money, but other than that, this whole thing is designed to take your money.
If this doesn’t sound too good to be true, then read further into this review and I’ll show you exactly how this scam works. Or, you can always checkout our #1 recommendation and see how a legitimate online business is built.
What is Authentic Profits?
In a nutshell, scam. It is yet another binary options trading software that claims to make you over $10,000 in one day.
Usually, you’ll have these guys show you nothing but “proof” and fake testimonials, but this Matt character has decided to add more to it than just that. He guarantees that you’ll make money!
Why People Promote This
They get a commission. Simple as that. They don’t care if you win any trades, just as long as you signup under them, they know they’ll get paid.
There are hundreds (if not thousands) of these binary options trading softwares and robots out there, that all do the same thing, so make this be your last stop.
How They Get Paid
The process is really simple and this is also why they offer their software for “free”. When you get signed up for their free software, you will be directed to another page, which will require you to signup to a recommended broker.
Once you get signed up with them (through their link), you will then have to make a minimum deposit of $250. This is where they make their money.
So when you start trading with their software (win or lose), they have already made their cut and they don’t care if you win or not.
What to Lookout For
This is Pure Luck
Trading binary options or any type of trading is 50/50. It’s either you win or you lose. Okay, I take that back. You can actually tie, which means you don’t win, and you don’t lose.
But what I’m trying to say here, is that these trades are done off of complete luck. Some will be lucky enough to win most trades and then the others like myself, will be in the “I lost all my money” bracket.
So when someone tells you that they actually won more than they lost, they are one of the luckier ones that didn’t lose their money.
Fake Testimonials
Let me just tell you that I can almost promise you that no one has even heard of this program in my country, yet they say that so and so has made over $1,000,000.
I live in a small tiny little island, so I can promise you that these guys are not making this type of money here. They don’t even live here!
Stats
If you’ve sat there an monitored the website, you’ll see that it shows they are in profit most of the time. The funny part about it is that when they lose, it’s always a small number.
In the trading world, it does not happen like this. You will not profit that much, if you made a $34 trade, which doesn’t even exist. If you were to lose (depending on the broker), it would be an even number.
Their Claim
I know that Matt says he guarantees you’ll make money, but if you read the terms and conditions, you will see that he is not so confident after all.
It is required for these types of sites to have their terms and conditions. With them putting their “you are not guaranteed to make money” in there, that covers their behind.
I can tell you to always read the terms and conditions, but they are all going to say the same thing as the other scammers have used.
Nothing is Free
As much as they try to make it seem like they’re giving you everything for free, I hope that my explanation above is enough to tell you how these guys will make their money.
Like I said, the only credit I can give them is the fact that their site is very professional, not like the others that come with actors that directs you to their recommended broker.
Fake Owner
I didn’t dig deep enough on this one, but almost every single program like this, does not use their face.
They hire an actor, who will get paid for pretending that they own the product when they really don’t. You can find these guys on sites like Fiverr.com, so don’t think that the guy in the pictures is the owner of Authentic Profits.
Product Overview
Name: Authentic Profits
Owner: Matt Ellington
Website: www.authenticprofits.co
Real Price: $250
Overall Rating: SCAM!
I think I’ve seen enough of these binary options trading software scams and if you really think you’re going to make 10k in one day, I think you’re crazy.
Final Verdict
Seem too good to be true? Absolutely! With the fake testimonials and their bold claims, you need to stay away from Authentic Profits.
I’ve used these robots and I’ve even traded in groups, just to come up empty handed. The thing with binary options is the fact that it’s literally 50/50.
If someone is winning more than losing, it isn’t because of the software. It’s all pure luck, so don’t think this “system” is going to make you rich.
At the end of the day, it is really up to you. Don’t say that I didn’t warn you. Thanks for reading this review and I hope I’ve given you a better understanding of how this scam really works.
I only recommend legit programs, so quit wasting your time with these scams. Click here to see what program we recommend.
– John
