“Please review Guaranteed Money System”
I was contacted today via Skype by a subscriber of my old binary options channel and she told me that he had heard great things about a money making scheme called Guaranteed Money System. I have agreed to take a look at the product for her but I have to be honest, even the name of the app is off putting. On first glance, the page looks to be a binary options auto trader or at least, if it isn’t, it’s built by the same people who used to scam keen binary options traders a few years ago. Now, I’ve been out of the binary options game for quite a while now so things may have changed but I still go into this scam review extremely sceptically as no form of online trading has guaranteed results. Binary options trading is, simply put, betting on the stock and currency markets and by definition, a bet has 2 possible outcomes. You can either win that bet or lose it.
Guaranteed Money System Features
The website which fronts the Guaranteed Money System application is woefully lacking in design, which is definitely not a positive sign. To me, it simply suggests that the owner of the site would rather pour effort into making totally fabricated claims in a poorly made sales video than give their customers something nice to look at. It’s clear to me that these people are trying to attract a certain type of person too, given their choice of actress. Just look at her assets, they’re almost as fake as the profits she’s claiming the software can make.
While we’re on the subject of the claims she’s making about the software’s success, she states that this “done-for-you” system will make you at least $5000 in the next 24 hours and at least $1.3 million in 30 days. She’s claiming that you will earn $1.3 million in a month for doing absolutely nothing, just making a small deposit into a broker account. It’s just laughable really. One thing that you should ALWAYS remember when looking at websites like this is that there is NO WAY of making even a small amount of profit with an auto trader of this kind. Let me explain…
When you fund a broker account which is attached to an auto trader, the balance of that account is let’s say $250. The auto trader will then begin to place trade after trade based on some kind of algorithm. Typically, these algorithms are set to trade completely randomly. This is the worst case but eventually, your balance will be wiped out regardless because the auto trader’s natural state is dormant with an empty balance. Imagine the auto trader as a steam train and your initial balance as the coal available on the train. The faster the stoker shovels the coal into the furnace, the faster the train will go. That is until he runs out of coal and the train grinds to a halt. You might start to make some profits in the beginning if you’re really lucky but believe me, this really is just luck. The higher the balance you have, the faster the auto trading software will lose it for you.
False Claims by Guaranteed Money System
When the woman in the video is handed a glass of Champagne and suggests that she is not just “some stupid bimbo”, a huge certification badge is displayed over the video. This is blatantly fake and it only took a quick Google image search to find that the very seal found on the video is the second result for a search for the word “Certified”. Next, she states that she couldn’t legally share this information with us if it wasn’t true. Sorry lady but that’s what makes it a SCAM!
There are some video testimonials which are shown shortly afterwards but I don’t even need to go into those to conclude that the Guaranteed Money System is a scam. It looks to me like the industry hasn’t changed that much since I had my old blog.
Can I make money with binary options?
It is possible to make a bit of extra cash with binary options and some people have even had fairly big successes using the right brokers and strategies. The thing is though, you must remember that binary options works very much like the casino industry in that for the brokers to earn money, there has to be more losses on the traders side than wins. There are a handful of trustworthy sources of information online but you should always be very careful where you deposit your money. As I’m sure you’re aware, there are many bloggers and reviewers who promote apps like this one and while they may have successful days, that doesn’t always mean it’ll work for you. I haven’t found a broker or system which I like enough to recommend yet but please feel free to follow me on Twitter and like my Facebook page for the very latest on what I’m doing. If anything positive pops up, you will be the first to know. For now, I think we can safely say that you should stay away from Guaranteed Money System so I’m not going to leave a link to the site’s homepage.