Product Name: Ataraxia 7
Product Owner: Joseph Belkin
Advertised Price: Free
Real Price: $250
What Is It?
An interesting new angle on the same old binary trading scam.
Ataraxia 7 does a few new things to try to mix things up, but there are still a few elements that can prove this “software” is a scam.
Usually companies like this go for names like Guaranteed Wealth or Desert Millionaire, but these guys have gone for a tech-sounding name, no doubt to make you feel like it’s more legit.
Not A Get Rich Quick Scheme
Most binary companies go for gold and tell you how you are going to make millions over night. Ataraxia 7 tones it down a bit, saying that you won’t get rich right away. They even recommend you do smaller trades in the beginning.
Hm, this is starting to sound legit, but don’t get too excited just yet.
Below the introduction video we see that Attaraxia 7 won some awards from Altec and VG Trade. These companies don’t exist (Altec is used by a few companies, but nothing to do with stocks).
We also see that the profits are verified by the TradeSec Regulation, but that company does not exist either.
The funniest part is that we see an interesting logo claiming the site is SSL secured. Um, duh. SSL security is just the https you see before some domain names when you pay with a credit card online.
Any website you use a credit card with should have this. Even your email account uses it. There’s no reason to brag about it, and they are just using it to dupe people into thinking this site is “official”.
What’s The Same
Trading Software Just Doesn’t Work
Hedge fun managers spent tens of thousands of dollars on extremely complex software to assist with trades. Yes, there is software that can run on it’s own and react to markets before large movements.
But they are not always right, and this software is not available for free. It’s certainly not easy to use, and it won’t work with $12 trades.
These guys really blew it by using recognizable faces for their “testimonials”. Here we see Niel, happy with Ataraxia 7:
But here we see Ryan, promoting a completely different service on YouTube.
And here we see Ryan listing his services to give fake testimonials for just $5.
Hm. Perhaps Niel hasn’t shared this amazing software with his poor twin brother.
We are told that we got a beta tester invite, but this is not true. This has been done before with other similar program. You can see here that Ataraxia 7 was officially launched on the well known scam website Clicksure this month.
And in case you didn’t know, affiliates are making $250 for each person they sign up. That $250 is your minimum deposit and anything above that (some folks lose over $10,000) goes to the main company.
BTW, the binary broker is paying these people to get you to sign up.
We also see here that there are only 4 beta tester spots left. Today is Oct 22, 2014 at 7:22 PM. Hm. How many beta tester spots are left for you? I’m guessing about 4.
Trickery Through Nonsense
Another common tactic used by binary scams is to feed you a bunch of nonsense to make you feel like this is a legit opportunity. When we watch the “proof” video, Joseph Belkin mentions something about “connecting to the servers in moscow” and “loading up the algorithm”.
Don’t play into marketing tricks like this.
Somewhat interesting for me to review, but you shouldn’t trust your money with this place.
Binary options are not for me. Reviewing so many binary scams, I’ve never seen one that actually works.
I will stick with what I know, which is affiliate marketing. I personally mentor newbies on how to star their first online business through an affiliate marketing training center called Wealthy Affiliate.
No, you won’t get rich quick and solve your financial problems over night. But you will learn how legitimate business owners leverage the internet to sell stuff and make money. If that sounds like something you’d like to learn, you’re welcome to take a look.