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Quick Summary of Proven Profits
You will need to read the complete Proven Profits review if you want to know the real reasons to avoid this software at all costs. Let us start with a quick overview. Walter Green is the man behind this software and to know more just read the below given details.
Now let us start with a few irrational claims by the makers. The software claims that there are 152 people out there who have become millionaires just because of opting for this software for binary option trading. Now this claim is surely outrageous. You are enticed into believing the fact that this software can make in a profit of $ 189,671,458 in just about 90 days. If you do not believe me you need to look at the snapshot below.
When I was looking at the website of Proven Profits I found these video reviews in the introductory video. Now what irritates me the most is when you get to see these false made up reviews by paid actors. You can hire anyone to give a video testimonial for your product. There is no big deal about that and there is no reason to believe in such reviews because there is no way that the authenticity of these reviews can be verified so even viewing such a video review is a waste of time.
Every now and then you get to hear the term free money system. Let me clear your perception there is nothing like a free money system in this world. If you want money in trading then you have to work, gain the experience, devise your strategies and then you can look forward to profits so if Proven Profits claims that you can become a millionaire in just weeks then that is the biggest deception that you have to deny.
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Now a genuine software does not need gimmicks like bad mouthing the competitor software. A great binary trading software will highlight its own features and genuine ways of earning. However, Proven Profits has emerged to be a big disappointment in this regard as well because it is just saying that opting for other binary trading software is a wild goose chase, but let me tell you honestly that this software does not have anything new to offer either.
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Now the boring part is that the maker of the software has a long story to tell about how he started with Proven Profits in the first place. I am not interested in his life and how he started with the software. I wanted to hear some great convincing points about the software and I am sure you will also want the same. However, the introductory video turned out to be an utter disappointment and has nothing new to say.
Now the owner claims that he has a dream team onboard and these traders are the best in the binary option business. He says that he and his team maintain the software for the clients and that too free of cost. I will not buy this story because no one does this for free. The owner claims that Proven Profits is flawless and can help you become a millionaire just in 3 months only a magic wand will do that. All these false claims make the software more discouraging.
This software claims to place auto trades and the profit of the account owner keeps on increasing. It does not sound understandable to me. Try to believe in the fact that this is all irrational. A software cannot do risk mitigation. It cannot alter the trading strategies as per the marketing scenario so how is it possible not to face a loss. Only a human mind can devise strategies and trade as per the market condition so believing in these profits will be a big mistake on your part.
Well the introductory video also talks about a $500 bonus. Now I do not understand that if the software is so good then why does the person need to give a signup bonus of $500 to the person who joins up. I do not think that a software that can make a person a millionaire in just a matter of weeks will need such perks. This is just to entice and attract you to sign up for the software so do not get carried away.
Now when I was watching the video a deposit amount of $200 was mentioned to start with Proven Profits. This is quite a big amount because you do not even know whether the software will work for you or not. A much better decision will be to sign up with a credible broker and give in the deposit amount rather than investing in a so called free money system. By now you should believe that this money system is not free at all.
I watched the entire introductory video thinking that the owner will explain in detail how the software has to be used. However, there was no discussion on this. He talked about the deposit amount, but he did not reveal the name of the broker. This means that the broker that works with Proven Profits is not regulated. If you are opting for a broker that is not credible then there is a huge probability that you will lose your investment. The introductory video does not talk about any of these aspects so this is for sure that these details are being hidden. When I was looking at the website video I noticed one more thing and that was the owner shows the working of the software to a person who wants to sign up, but those snapshots are not shown in the video. The big question is why. All these questions need to be answered.
The best thing to do after reading the mentioned review is to avoid Proven Profits. I have been into trading and I can tell you straight that this software is a scam and will not get you anywhere so why go through the agony. There are so many better alternative binary options signal services. These signal services will give you a clue regarding when is the best time to trade. Some of these signal services are paid and some are free. You can make your decision depending upon what suits your pocket. The best part is that the reviews of the services are also mentioned in detail so you can make the best choice. Refrain from choosing Proven Profits if you truly value your $200 and do not want the money to go waste.
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There are so many fakes out there. I often wonder how come people claim to make money with binary options. So disappointing.