This honest review proves that the Profits Algorithm is yet another trading nonsense of our time. We want to make it clear that we gain nothing by promoting a fake product. On the other hand, we build our reputation and feel good when traders pour their success stories in our email inbox, telling us how we saved them when they came to this site.
So today we are going to be spot on as we have always done with other products that fail our test. The Profits Algorithm is one such product that is bogus and incapable of producing any money.
We could put it like this: the Profits Algorithm is designed to lose money! That makes sense now.
Of course the Profits Algorithm is a trading robot that will generate and trade signals for you while you sit on the couch watching TV or probably playing with kids around the house.
Once you ”invest” your $250, this free system will trade for you. You can even quit your job as soon as you get it today because profits will start rolling in the moment you fund your account and push the money button. But first, wait! There is something we haven’t discussed yet concerning the Profits Algorithm system.
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First of all, we do not understand why such a good trading system is free (no explanation has been given as to whether or not the developer benefits from giving it out for free). Maybe these people could explain better because clearly this does not make sense. In fact, we are very sure that no trader came to this blog looking for free things.
On the other hand, everyone wants a genuine trading robot even if it means paying for it. You only need assurance that whatever you’re going to buy will serve your bottom line, right?
Hold on. we have just discovered a weird thing as far as the legitimacy of this trading system is concerned. The Profits Algorithm system does not look or feel like a unique robot. We can assure you that we tested it and noticed that it was looking exactly the same as other scam trading robots on the internet.
We have been talking of white label products on this website. For example, we even warned traders in this Bitcoin scam that white label software that is re-branded and sold as a unique trading system is really killing this industry. Unless you are an insider, you can never tell the difference.
How do we know that this software has been recycled several times before? Well, it’s easy. We just need to prove to you using one screenshot.
If you want more proof, then continue reading this review because we are not done yet. We have discovered a can of worms that we should be exposing as far as this scam is concerned.
We must say that this is one of the weirdest sites we have ever come across on the internet. There is nothing in form of pitch video or explanation as to how this software is supposed to work.
By the way, this website acts as a landing page where they can collect your contact info and spam you with more fake offers in the future. They need your phone contacts as well. Once they have this information, they can call you hundreds of times in a day just to talk you into making a deposit. When you send that deposit, you can rest assured that they will never call you again.
As you can see, the product is not described at all. If you are not an industry insider, it’s literally impossible to know whatever is going on in this website.
It’s scary to believe that a scam robot has a demo feature where naive investors can play around with it and get fooled with fake results.
This kind of thing is really dangerous because most traders who have never been duped before tend to believe that what they are seeing on demo is the real picture of what they would get if they traded with real money.
The point here is that the Profits Algorithm system has a demo account that isn’t genuine at all. It’s meant to fool you with fake price feed. The first test to conduct here is to compare the prices with those which are reflected by other trading platforms at the same time. You will notice the huge disparity.
Now, we want to make it clear that this disparity does not exist by accident. It is part of the bigger plan to rig out your results (through some math formula) that will ensure you win more than you are losing.
The Profits Algorithm system uses Stern Option as their broker. This broker does not have a good reputation since they have been involved in a number of cases where clients accused them of misconduct or unethical behavior.
Stern Option is not a regulated broker, which means that all these complains can never be addressed. But it is also not a coincidence that the owner of the Profits Algorithm system is teaming up with them so that they can run a business. Why is that so?
The simple explanation is that each time they refer a client to Stern Option, they get a commission. They have to refer as many clients as possible to enrich themselves at the end of the day.
So this is essentially the main business that The Profits Algorithm system is interested in. Not the other way round.
The first thing we realize with this website is that it is not professional. It looks like it was still under construction when the owner figured out that they needed to start duping individuals to earn some money as they work on it.
We do not see the point of taking them seriously because the Profits Algorithm is clearly a scam. Look, no one is even bothering to provide us with a history of trade samples that this software has taken before. It’s sort of weird because legitimate developers often ensure that these records are available for the use of those who doubt the performance of their products.
We smell a rat in how things are presented here. A budget website can never convince anyone. Secondly, if there is no sales pitch or the usual promises that scams love to make, we should assume that this is the laziest scam that we ever came across on the binary options trading industry. Also, we generally don’t like the idea of giving away contact details when we do not know what we are intending to acquire.
The bottom line here is that you should keep off this scam. If you want genuine binary options trading robots, pick one in this list.
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