Today we are going to review an innovative binary options scam that is presented at LiveProfits.co. This project uses the usual lies, but also a new technique – a pseudo live video, which in fact is a recorded video with some tricks to make it look like a live stream. It is presented by Robert Wilson.
Wilson claims that he is in top 1 percent of Wall Street traders, but try to search him on Google and you won’t find him. A trader with this name and face does not exist, which is the first proof of a scam.
Robert Wilson then says a lot of lies about the LiveProfits system, let’s take a look at some of them:
- “You are going to make money right now, I will be paying you money”
No you are not. Watch the whole video, he won’t give you nor earn you anything.
- “One of the very few who managed to get connected, allowing only 20 people in, don’t leave this page, or you won’t be able to get back”
The page is promoted by spam, you can get connected any time you won’t, reload the page any time and it will start over again.
- “Put your wallet away, it is a free event”
Yes, the video is free, but if you want to start trading binary options with LiveProfits, you will have to open an account and deposit money. So you will need your wallet. You cannot start for free.
And finally this big lie: “We are streaming live, doing it one time only.” As we already said, you can reload the page any time, you can come back tomorrow and you will see the exact same video, just the time will be updated to make it look live.
So you get it, Robert Wilson does not exist and the LiveProfits system is just a scam. What is its purpose? As usually these scammers will get affiliate commissions from binary options brokers, if you open an account and deposit money with them. That is why they made up this story, because they will earn money if you open an account and deposit with their broker, currently it is Banc de Binary.
You can be sure that if you do it and then let trade their software your account, you will lose all your money. It is how it works with all these scams. If you want to make money with binary options, you have to learn trading and trade your account yourself, don’t let the scammers trade it.