OLD SCAM: Binary Money Manager review

Binary Money Manager reviewIn this review we explain why is Binary Money Manager a scam that you should avoid. It is presented by Jim Wallace.

Wallace claims that Binary Money Manager will let you copy expert binary options traders and earn you money. It should make you at least $1,005 per day.

And because Binary Money Manager is free, you allegedly can make money for free. Can you?

Binary Money Manager scam

The reality is that Binary Money Manager is a scam designed to make you lose money. Don’t expect any earnings, only losses.

Jim Wallace

Jim WallaceJim Wallace is a fictitious character created by scammers and played by an actor. This guy is not a binary options trader.

Look at the picture and you will see that he is a Fiverr actor that sells fake testimonials for five dollars.

Not free

Binary Money Manager certainly is not free. After registering you will be told that you have to deposit money with an unregulated broker that you cannot choose. And you will be told that your money will be insured against loss, which is a big lie.

If you deposit money with that broker and then trade with Binary Money Manager, you will lose your money and never recover it.

Scammers are doing this because they are getting paid by this affiliated broker for referring new depositors. This is how Binary Money Manager works.

Conclusion

Binary Money Manager is a scam that will push you to deposit and lose money with an unregulated broker. Stay away from it!

If you want to try binary options trading risk free to see how money can really be made in trading, open a free demo account with a regulated broker.

Practice on the demo until you have a profitable strategy. Only then you can start trading with real money.

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