Secret Money Vault – binary options scam alert

secretmoneyvaultbinaryoptionssystemThis is another pretty standard binary options scam. A guy called Tony Pearce pretends to be a data analyst who discovered some differences between raw and published data. He then used this discovery to program a binary options software called Secret Money Vault that is supposed to trade your account and make you money.

He promises you to become a millionaire within months and he says that you will never have to work again. Lies. The Secret Money Vault is just a scam.

The true story behind this is also standard. Tony Pearce is a binary options affiliate, so he will get money by referring new traders to binary options brokers. That is why he made up this story, he needs you to open and account with his broker and deposit money. That will earn him commissions.

If you then let his software trade your account, you will lose all your money. Pretty simple. We have seen many similar programs and their purpose was always the same. By the way, it of course means that it is not free. You have to open an account and deposit $250, at this time the Secret Money Vault is promoting Banc de Binary.

By the way, did you read their TOS? “Any testimonials and examples used are exceptional results, don’t apply to the average purchaser and are not intended to represent or guarantee that anyone will achieve the same or similar results.”

So don’t do it, if you don’t want to lose your money. Earning money with binary options is possible, but only through learning and trading your own account with a regulated broker.