We are getting a lot of questions about John Kane, Binary Today, Binary5, Binary Today Trader, Binary Ascend, Binary Brain Wave and Binary Options Bullet. So here is a review.
He created his website to share his experience with other people, but in fact he uses it to promote his trading software that he sells.
But John Kane is a scammer. Look at the picture, on his website he provides a photo and says that it is him in the past. But it is a stock photo! So if he is lying about his identity, he is a scammer and we don’t have any reason to believe in anything he says.
Another reason not to trust Kane is his binary options brokers list. Among his recommended brokers you will find unregulated companies only! Meanwhile he also recommends CTOption for US traders, which is illegal, because CTOption have not an US Licence.
Unregulated brokers cannot legally offer binary options trading in most western countries. Moreover you have no protection with unregulated brokers, your funds are not insured, funds are not on segregated accounts, there is no independent supervision, etc.
Kane’s list of recommended brokers is rather a list of companies that you should avoid.
Binary 5, Binary Today Trader, Binary Ascend, Binary Brain Wave and Binary Options Bullet
The most interesting part of the Binary Today website is about trading systems that provide trading signals. There are six programs in total: Binary Today, Binary 5, Binary Today Trader, Binary Ascend, Binary Brain Wave and Binary Options Bullet.
When you study them closely, you will find out that they are more or less the same. Every time you will have to buy a script for Metatrader that will give you trading signals on different time frames. We are pretty sure that it is always the same basic script with just a few details changed, the main one being the time frame for trading signals.
Now the basic question that you should ask yourself is: If you have 6 highly profitable trading systems, why would you sell them to the public? First of all with 6 binary options trading systems with a win ratio between 70 % and 95 % Kane should already be a millionaire.
Yet his (fictitious) income presented on his website has evolved in two years from 12 thousand to 19 thousand dollars. Something is wrong here…
Why? Because at one place it says that it has a “guaranteed 81 % win rate”, meanwhile in the Risk Disclaimer you can read that there are no guarantees and that you can lose everything with his software.
This is the typical scam element, the presentation claims that there are guarantees, but the small letters at the bottom of the page admit there is actually none and that you can in fact lose money.
John Kane is an obvious scammer and therefore we do not recommend buying any of his trading systems: Binary 5, Binary Today Trader, Binary Ascend, Binary Brain Wave and Binary Options Bullet.
In any case you would have to pay upfront for something that you could not verify on an independent free demo account, which something you should always do.
Never invest real money with any system that you could not verify on a true demo.