This review is a warning about a new binary options scam called “Copy Trade Profit” presented by Thomas Andrews.
This scam brings nothing really new into the binary options industry, but it is still worth looking at.
Andrews tells the usual story of a guy that lost money on internet scams, then he was fortunate enough to program a binary options trading system that makes tons of money. And he will give it to you for free.
We don’t know about you, but when we hear a statement like this, we know that we can be almost sure that we face a scam.
The other usual lies are that you can put your credit card away, because it is free, and that it is a secret system that the banks must not know about. Well, it is not free, because you will have to open a trading account and deposit money into it. And no, there is nothing secret, because it is promoted by spam, moreover there are some fake reviews on the internet.
Let’s put it straight, Copy Trader Profit is a scam. There is no trading system behind it, it is just a marketing trick. Andrews needs you to open a binary options trading account and deposit money into it, because that will earn him affiliate commissions. That’s it.
If you then let his software trade your account, you will lose your deposit. This is the truth.
We usually pinpoint mistakes the scammers made when faking their bank account statements and when providing fake testimonials, but we don’t need to do that now. Why? Because Andrews himself says that in reality people don’t make money with the Copy Trader System! Look at the image below, when you sign up you get the warning at the bottom of the page.
So if you really want to make money with binary options, you will have to learn and trade them yourself.