Today we are going to review a new binary options scam called the “Samaritan System”. It is presented by Robin Castel.
What it is about
Castel pretends to be a multi-millionaire who wants to help others. He is doing that by giving free access to his binary options trading software that he got from his father who used to work for a hedge fund.
Castel says that his Samaritan System can make you thousands of dollars per day. You just have to deposit money into a trading account.
The Samaritan System is a scam
Robin Castel is unfortunately just a binary options scammer like many others. Well, first of Castel does not even exist, it is fictional person. His photo comes from a public database.
Secondly, read the Samaritan System Terms and Conditions. You’ll find this: “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 yes, scammers make videos with faked testimonials that are supposed to convince you to deposit money with their broker, meanwhile they think it is all right to say lies.
The bottom line is that Castel is a binary options affiliate, so he will make money with every new person that he refers to his broker. His crappy software will then trade your account to zero and you will lose your deposit. This is how these scammers proceed.
The Samaritan System is a typical binary options scam scheme: they’ll give you a free trading software if you deposit money with their broker. The software is supposed to make your rich, but in fact it will make you lose your deposit.
We can see that people are looking for free systems that will make them rich, but unfortunately they don’t exist. Profits on binary options come only with hard work, learning and manual trading.