Today we are going to review a binary options scam called “Profits Now”, it is presented by Jonathan Spencer.
Spencer says that Profits Now is an automated trading system that will make trades for you and make you money. Spencer guarantees that you’ll be making $40,000 per month within a month, or he’ll pay you $10,000.
Profits Now is a scam
First of all Jonathan Spencer does not exist. His photo comes from a public database and he gives no contact information, no address, no licence information whatsoever. How could you trust somebody who fakes their identity? How would you claim the guarantee?
The video presentation is made with paid actors, so it is all a big fake. Profits now is a big scam that works like this: Spencer (or whatever his real name is) is affiliated with binary options brokers, so he will get paid for every new client he refers.
So he needs you to open a binary options trading account with his broker and deposit money. Yes, you will have to deposit at least $250 in order to get access to Profits Now. The system will then trade your account and lose your money.
The conclusion must be the same as always. Don’t trust scammers that promise you free money on binary options, their systems do not work.
If you really want to make money on binary options, start learning and testing, open an account with a reliable broker and start with a demo account. When you are profitable on a demo, you can start trading live.