In this review we are going to have a look at one of the most dangerous scams on binary options that we have ever seen, it is called Ataraxia 7 and it is presented by Joseph Belkin.
Let’s put it straight, it is just one of the many scams that want you to open a binary options trading account and deposit, because it will earn affiliate commissions to the owners. But why it is so dangerous? Because it is being presented with fake proofs, statements and testimonials.
Undeniable and verified proof – fake
Belkin says that he is proving trading results of Ataraxia 7 with testimonials. But these are fake, people in the videos are just paid actors that have never traded binary options. The photos have been stolen all across the internet, see an example with the following photo, you can find it on a lot of different sites under different names.
Probably the most dangerous thing with Ataraxia 7 is a completely fake web site TradeSec.org that has been put up by the same people to make you believe that it is an independent body that has verified the trading results. It is not, TradeSec is nothing, just an empty box, there is no real organization behind it. We tried to contact them, but they don’t exist, contact information is missing on their website, the majority of the links are blank, it is a huge scam.
Fake awards and certificates
The scam continues with fake prices and badges. One of them is saying the site is SSL secured, but it is not! Then you have some VG Trade Software Awards and Altec Awards, but these are just images with fictional names, none of these awards exist!
Ataraxia 7 developped by Russian scientists, Moscow servers
The story behind the system is so poor that it makes us really laugh. It is supposedly based on an algorithm developed by Russian scientists to destroy the U. S. economy during the Cold war. This is an absolute nonsense. Nothing like this exists and certainly not in the public domain.
All the things mentioned above are proofs that Ataraxia 7 is a big scam, but if you still do not believe, make a research yourself about feedback from real binary options traders, you will find lots of complaints. But avoid fake reviews that are in fact affiliate ads for this system.
Last but not least, Belkin pushes you to open an account with the binary options broker MaxOptions. It is very probably a scam organization, because they say they are based in Switzerland, but they are not, because they would have to be regulated by the FINMA, which they are not. So they are hiding behind a fake address.
Stay away from Ataraxia7, it is a scam presented with fake proofs. It is designed to make you open a binary options account and deposit, which will make Joseph Belkin earn commissions. If you then trade your account with this system, you will lose your money. The only way to make money with binary options is to learn to trade and do it by yourself.