It’s so unfortunate that “binary options” has continued to be used as a fertile ground where scammers thrive. Just recently, i received an email (which landed in my spam folder anyway) about Guaranteed Wealth, “a little anomaly” that makes $1,416,856 in profits and a tiny anomaly that brings in $400/hour.
The video at guaranteedwealth.co explains to us that with the system, we’ll be able to make $10,000 per week every single week for the rest of our lives.
In summary, his system is supposed to help us make money every single week by trading binary options automatically for us. All we needed to do was just to subscribe to his email list, get the system for free, deposit with his recommended broker and then let the system do it’s job.
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The Guaranteed Wealth System will only deliver losing trades until your whole capital is totally wiped out unless you intervene by stopping the system and asking the broker for withdrawal of the remaining funds – that is if the broker is not a fake broker itself because most times, these scam systems work hand in hand with fake brokers.
I know this because I’ve personally tested this system as I am a full time binary options trader. I have a wide knowledge of how this fake products operate and why there are so many of them out there.
What makes you think that Victor Lambert and his team of programming gurus, with their system will help you make guaranteed profit of $10,000 per week every single week for the rest of your live?
No, think about it for a second. Something’s not just right!
It’s easy to get carried away by those kind of mind-blowing statements as a beginner but if you’re an experienced trader in the stock markets, forex or binary options, you would have noticed that there’s nothing like guaranteed profit because it’s often difficult to predict what the market will do in the next second.
In essence, the binary options market is not a steady market. It rises and falls due to the effect of supply and demand just like forex. Therefore, it takes only proven strategies to actually make money with binary options trading.
An easy way to identify a scam is to watch the tone used in the promotional videos.
They will always mention the following statements in order to try to sell you some stuff:
Guaranteed Wealth System is just one out of many fake products available in the Clicksure.com network. A site that hosts a lot of these scam products making it easy for affiliates to grab their affiliate links and start blasting away to their email lists.
That’s probably the way you came to know about Guaranteed Wealth System – by email.
Any product you buy from Clicksure is final. You can’t request for a refund if you don’t like the product you bought. This makes it easy for Clicksure to pay their affiliates while the product buyer loses out completely because the product bought does not function as advertised and they can’t even request for a refund.
You have to get something straight here. Clicksure.com itself is not a scam but they allow fake vendors (a whole lot of them) to promote their products (including Guaranteed Wealth) within their network.
Affiliates are usually crazy when promoting these offers because they get paid handsomely if any of the products advertised converts. So, they use any available means to make you buy the product.
This is not supposed to be singled out as a factor because the whole video is full of lies aimed at making you buy the product.
Victor Lambert said the system was free and you don’t have to buy anything but in reality, you need to deposit money into a broker account to be able to use the Guaranteed Wealth System.
The minimum amount to be deposited is $250, so we assume it to be the real cost of the system.
Guaranteed Wealth System is not the first fake product promising unlimited wealth and riches overnight trading something that’s called “binary options”. There have been many similar products that got busted in the past e.g. German binary robot, Oz robot, Tokyo Bot .e.t.c You can see a list of them here.
Guaranteed Wealth System has a 99% resemblance with all of those fake products and even without using it, one can confidently say that it is a scam.
Fortunately for us, these scams work similarly and this has made it easy for us to identify with almost 90% certainty which program is real or scam.
Since Guaranteed Wealth System is a scam, do we have any hope of trading binary options successfully?
Fortunately, the answer to the question above is YES!
There are very few signal providers that can actually help you trade binary options profitably – one of the very best in the market right now is Signals365. Though it was launched in December 2014 but the monthly profits i currently get with this Signals365 signal provider is amazing! Don’t think it’s an automated system like guaranteed wealth – it’s simply a service that generates accurate manual binary signals for you to just copy into your trading platform and profit at expiry time. You can check out the rest of the signal services here: Best binary options signal providers. Any product you don’t see on that list is probably a scam. But if you’re a bit of a busy bee and don’t have the time to trade, then use the best robot that works – it’s the best I’ve seen so far and unlike guaranteed wealth system, you’ll be able to make a decent monthly income with the robot.
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