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Protected Profits Review: A Well-Planned Scam you Need to Avoid

Protected Profits Review: A Well-Planned Scam you Need to Avoid

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Quick Summary of the Protected Profits

  • Rating: 1/5 so just stay away from this software.
  • Pros:   There are no advantages of opting for this software.
  • Cons:  The list is quite long.
  • Our recommendation:   Save your potential investment and do not opt for this software. See our list of the best binary signal providers for successful binary options trading.

Full Review

There are many automated software scam in the market today, and one such scam is Protected Profits. Well, the man who came up with this software is Justine Stine. I am a binary options trader, and I am often on the lookout for any new tools or software. Well, Protected Profits was a major disappointment. When you read this review, you will know the reason.

Autopilot a bad approach

I have never favored going for some automated softwares. The reason is that once you are in automated trading your learning tends to stop, and this is the worst part. You start to rely on the software and are not on the hunt for new trading strategies. Now this is a big setback for any trader, and you will not want that at all. The worst part is that you are not even sure whether the fake automated software will get you anything at the end of the day. Saying no to Protected Profits will be the smart approach.

Insane profit offers that is a lie

Now when I was going through the introductory video on the website of Protected Profits it said that if you start with $250 then by dinner time you will have $1000 in your account. Sometimes I wonder that people who make this software do they think that people out there are that naïve and can be fooled so easily. If this were possible people all over the world will quit every profession and will start buying binary options automated software.

The weird protected profit concept

If you are wondering how this software works, then let me explain the weird logic that is being put forward. Now look at the snapshot below and you start trading with the $250 amount. You see a chart in the center, and here the core algorithm as per the creator of the software looks in for profit based trading opportunities. Now once that opportunity is found the trade is placed. If at any point there is a loss opportunity then at that point the protected profit algorithm becomes active, and a protected trade is placed. This means placing an offsetting trade for making the loss to zero. Are you convinced? I am not because a software or even the best algorithm can never be that smart.

Protected Profits

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Protected Profits scam

Honestly speaking I fail to understand this logic because no algorithm can be foolproof. When I trade, I explore the market opportunities. I usually sign up with reliable brokers that offer me daily updates. I make use of tools like trader’s choice bar and economic calendars. I am not into these gimmicks. Binary options trading is a very technical field, and only the best traders can practically survive here. There is no point that a software can generate flawless trading results so why invest your time and effort in an automated software.

Exaggerated trade setups

Protected Profits claim that you can place about 15,000 trade setups in just a week. Now that sounds like a big fat lie. Practically when you trade, you have to place your trades wisely, and the margin for loss is still there. You do not just keep on throwing in your trades. I would have been a billionaire if this strategy was that practical. Somehow I feel quite disappointed that the traders are being fooled in like this. Such software put up a bad perception of binary options trading and that sounds unfair to people like me who strive and then trade.

Protected Profits reivew

$250 is not a small amount

Most people assume and are of the opinion that $250 is not such a big amount, but what I feel is that it is a reasonable investment amount especially if you are a new trader. Just imagine for one minute that you sign up with this software and deposit $250 and get nothing at the end of the day. What can be more frustrating than this? If I were you, I would think 100 times before putting this investment online because it matters to me.

Not interested in the achievements of the software creator

The video on the website had a lot of details about what the creator of the software had achieved had so far. Do you think that it can make a difference to me, or you and the answer are no? What Justin wants to say is that since he is a mathematics wizard his algorithms are foolproof. Well, I do not buy this logic and you should not either. Think logically and the truth will not sound that hard to understand.

Essential details about the broker missing

Now just knowing that the broker is Banc De Binary is not enough. The website and creator should have given some details about the broker. The reason is that once you sign up with the software you will be making your deposit to the broker. The software owner should give insight to the viewers whether the broker is regulated or not because all these details do make a difference and are important if you want to avoid a scam. I did not find information regarding the broker on the website, so this raises a question.

You May Also Like: Best Performing Binary Options Signal Services

Unprofessional website layout

The sales video starts abruptly when you open the website of Protected Profits. There is no proper homepage. There is no help. There is no mentioning of the features. It seems that the website was made in a lot of hurry. People like me are not impressed, and I am not carried away by what the website has to offer. Logically there should be a customer support so that people like me can raise questions if they want. Now just assume that you sign up with the software and get stuck at any point just tell me how will you raise your concerns. There is nobody to talk to so does it sound wise to sign up with the software and the answer is no.

 Tired of boring member proof

Now there are pictures of the members who signed up for the software on the website. Do you want to believe it?  You can get pictures from anywhere on the internet and show them as members who have signed for the software. These are very old marketing tactics to hypnotize the trader into making a bad choice. The real truth is that the number of members does not matter to you at the end of the day. What matters is what you earn at the end of the day so these marketing tactics should not convince you.

Protected Profits scam review

Now that we have discussed the issues with Protected Profits let me give you a better option. When you need genuine assistance, there’s a variety of top rated binary signal services that can help you make your options trading a success. The best signal services are listed here. The features of these services are also mentioned here. You can even try out the free signal services listed on this link. This is a much better option than opting for Protected Profits that is just a complete waste of money. Save your money it is hard earned. Protected Profits will not make you a success in a single day for sure.

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One Reply to “Protected Profits Review: A Well-Planned Scam you Need to Avoid”

  1. This article is right. STAY AWAY from this product. Everything from it’s price, setup and features are sub-par at most. As the writer stated… There are no pros to using this, stay away!

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