Today we are going to review a binary options scam called “$5K Daily Profit Club“, it is presented by James Samuels.
What is it about
Samuels claims that within the 5K Daily Profit Club he has a team of professional traders with 128 years of experience from different banks and other financial institutions. His team supposedly has a binary options trading system that has a very good winning ratio.
And they are willing to copy their trades on your own account so that you make at least $5000 per day, $25,000 per week and $100,000 per month. For free, of course!
Why it is the $5K Daily Profit Club a scam
When somebody is offering you thousands of dollars per day for free, it really should be an alarm for you. This is the typical binary options scam scheme, they get paid for every new trader they refer to their broker, so they will make you open an account and deposit at least $250, which is what will make them money. And then their system will trade your account to zero. This is how it works.
Just look at the $5K Daily Profit Club web site and their empty and false claims. They provide no real names, no phone numbers, no contact address, yet they claim they guarantee your profits. An anonymous guarantee is worth nothing. Who are their experienced traders? There are none.
Do you want a proof? Their trading statement is faked. Just look at the image, EUR/USD with an 8 digit rate by a binary options broker? Nonsense. But one of the even better proofs is the closing price of Deutsche Telekom at 14.86. The price never went under 14.99 today, see the image.
Don’t believe the $5K Daily Profit Club, they will not make you any money, in fact the opposite will happen, if you trade with them. There are no profits without lifting a finger with binary options. If you want to make money with binary options, you first have learn to trade on a demo, just like with any other investing tools.