Is Authentic Profits a scam? This is yet another binary options trading platform that promises a big payday all on autopilot. Can this be believed or is it nothing more than a con job?
Let’s take a look and find out…
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Company Name: Authentic Profits
Owner: Matt Ellington
Price To Join: $250 initial investment
My Rating: 0/10
~ Authentic Profits Review ~
Binary Options Trading
This is a legit form of trading which has been made simplified. Unfortunately, due to this fact, many scammers have created software that they claim is almost 100% accurate and will make you an endless supply of money on autopilot. Binary options trading is not a scam, but there are scammers preying on the unwary.
What Is Authentic Profits and How Does It Work?
This platform is a software program that is designed to trade binary options for you on your behalf. You just tell it to do its thing and, because it’s so smart and accurate, you can simply walk away, returning some hours later to count the cash. There are so many of these fake bot software platforms doing the rounds at the moment that it’s making it really hard for genuine platforms and brokers in the industry.
One of the first things that is stated on the Authentic Profits website is that this is not going to cost you anything.
Not true. You can’t make a single trade without investing money, so that’s the first deception.
Another bold claim is that you’ll be making $10,000 in one day. Now while this is possible for experienced traders with a bankroll, the beginning trader testing the waters with this platform is far from likely to be making $10k within a day. Deception number two.
There are people out there actively promoting Authentic Profits because they get a commission if someone signs on. Whether these affiliates have actually tried the software is anyone’s guess, but it doesn’t take a genius to recognise bullshit when you step in it.
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The Real Truth About This Software
While everyone will hype up whatever they’re offering to get sales, legitimate products in any niche will always make claims that at least sound believable. Scams go the other extreme, promising you the world with absolutely no proof to back it up.
Authentic Profits does exactly this.
Binary options trading is essentially a 50/50 bet. Educated traders have a good chance of predicting which way a trade will go and by how much. Yes, software can also be programmed to do it too, but software can’t learn and it has no instincts or experience. Markets can be volatile. Events happening in the world can cause radical changes and fluctuations. Bot software can’t adapt according to any of this knowledge.
In other words, these scammers who create these totally automated trading bots always claim that you can’t lose and their software is more then 90% accurate.
How can that even be remotely true based on the fact that so many things can affect the market. Trading is not like tossing a coin, despite the 50/50 nature of binary trading. Trading options doesn’t work on the principle of probability. There are far too many factors that can influence the direction of a stock, commodity or currency to be able to program software to have a more than 90% success rate.
Would you really want to put you hard-earned money in the hands of some software program and relinquish all control over the outcome?
If software like Authentic Profits was so damned accurate, then all the Wall Street boys would be out of business. No one would need them.
Fake Testimonials and Reviews
It’s incredibly easy to fake things like proof of income and testimonials and reviews. All Matt Ellington – the creator of Authentic Profits – has done is either write the testimonials himself, or has hired freelancers to write them. The images for the apparent “happy customers” are stock photos.
This is such a common practice for scammers to try and lend legitimacy to their fake and ineffective product.
Target Audience
Some people are looking for an easy way to make money online. Traditional trading methods require a lot of study, comprehension and balls at times, so newcomers are often shy to give it a try for fear of not knowing what they are doing and losing money.
With binary options trading being a much more simplified process, these scammers invent bogus software packages that allegedly take all the hard work and “risk” out of trading, so a beginner feels completely confident investing their money. The scammer presents their magic software, the unsuspecting virgin trader buys into the dream, then wham! Their money is gone, disappeared into some internet black hole.
What I Like
- Nothing, zero, nada, zilch, zip
What I Don’t Like
- The software is a con job and won’t be anywhere near as accurate as they claim
- Wall Street would be out of business if all these bot software platforms did as claimed
- These parasites prey on people who don’t know anything about trading, but are willing to give it a try is things are automated
- Matt Ellington is not anyone of note
- Authentic Profits is not authentic. Authentic BS maybe
- The sales page is all hype and apparent income proof, but has nothing to back it up
- The testimonials are fake
- They just want to steal your investment money
How Much Does Authentic Profits Really Cost?
You need a minimum of $250 to start. The likely scenario is that your robot trading platform will quickly burn through your first investment, then you’ll be receiving phone calls to invest bigger amounts of money, all under the ruse that you will get lucky if you invest more.
Is Authentic Profits a Scam?
Yes it’s a scam. Binary options is legit, but there are so many dodgy software programs materialising that it’s getting to be a joke. Simply stay away from anything that sounds too good to be true. If you want to trade options, do your homework. Hook up with a genuine trading platform and also research the broker to know they are for real.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
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Darren Burton
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