In this article we are going to review a new binary options scam called “JMB Profit Machine”, it is presented by Jonathan Mark and Matt Silver.
What is the JMB Profit Machine about
Silver and Mark have a video presentation in which they are trying to make you believe that they programmed a very profitable binary options trading system.
It supposedly is very powerful because it uses cloud processing with computer clusters.
They present a lot of testimonial with people all around the world saying they could quit their job thanks to JMB Profit machine earnings.
Why it is a scam
There are several indications that JMB Profit Machine is not real, like fake bank account statements, fake trading account statements and fake testimonials with paid actors. But instead of showing the proofs image by image, it is much easier and faster to pinpoint the most important part of their Site Agreement.
It says: “The videos displayed on the Website are provided for informational and promotional purposes only and should not be relied upon in making decisions and are for simulation only by using actor(s) and demo accounts.”
So by fear of being prosecuted they admit they their video presentation is just a movie with simulated results and paid actors. They use the movie to convince you to join their program, but they don’t say in the movie that it is just a fictional story. That is why JMB Profit Machine deserves the label of a scam.
You can read the rest of their Agreement, as well as the Risk Disclaimer, and you will see that they cannot promise or guarantee an income.
The real story behind the JMB Profit Machine is that Mark and Silver will get commissions for every binary options trader they refer to their brokers. That is why the first step they want you to do is to open a trading account and deposit money.
There is a very high probability that if you do that, you will then lose your deposit in trading with their system.
It really makes us sad how some people abuse binary options for their own profit. Trading with binary options is like trading stocks or Forex, you can make money, but you first have to learn trading.
Binary options are much easier to understand than other financial instruments, but there is still a risk involved in trading, you can make money, but you can also lose money. You have to know that before you start trading.