Today we are going to have a look at a new binary options scam called “Profits Today”, it is presented by Will Walker.
Profits Today is a binary options trading software that can run on autopilot and trade your account for you. Walker says that it took him a long time to develop it in cooperation with a Silicon Valley programmer.
Walker does not explain how the system works, but he claims that it has a 97,4 % winning ratio. He says that he personally guarantees that you will bring in money within hours with his system.
Why is Profits Today a scam
The first proof of scam comes with the winning ratio. Anybody claiming a 97,4 % winning ratio on binary options is a liar. Period.
Secondly look at all the fake counters on the Profits Today page. At one place it says the offer is valid for only 10 minutes meanwhile the counter at the top says it is valid until midnight. But come back any time you want and it will be always open with counters adjusted.
And the classic trick comes with faked testimonials. Photos are taken from the Internet, testimonials in the video are made with paid actors and the account statements are faked too.
And a last one, Walker claims that 99 % of binary options traders lose money. This is not true, statistics shows that in trading 25 – 40 % people are making money, depending on the broker.
Profits Today is a typical binary options scam. It will make you deposit at least $250 with an affiliated broker and then trade your account to losses. So stay away.
Making money on binary options can be done, but you first have to learn trading and trade yourself.