This scam is very simple and bring nothing new. A certain Jordan speaks in a video telling you a story about an automated trading system.
He says that he simplified a special trading algorithm so that you need only $250 to start instead of one million. The One Percent Ticket is supposedly free, so you can get your copy and pay nothing.
Why is the 1 Percent Ticket a scam
As we already said, this is a binary options scam in its simplest form. Jordan is a binary options affiliate, so he will get paid for every new trader that he can bring to his broker. So he made up his story about a profitable trading system, just to make you open a trading account and deposit money.
Yes, you will have to deposit at least $250, otherwise you won’t be able to use the 1 % Ticket System. And because the system is a crap, it will lose your deposit, so you will lose $250 minimum.
This is how binary options scam work, they make you believe in a trading system, but when you use it, it loses your deposit and makes money to those who made you open a trading account.
Although there are many binary options scams, it doesn’t mean that binary options are a scam. Binary options are like stocks, Forex or Vanilla options, you can make money trading with these financial instruments, but you first have to learn how to trade and build your profitable strategy. The advantage of binary options is that they are simple to understand.