Product Name: Covert Society
Product Owner: “George Cox” AKA Greg Stefaniak
Advertised Price: Free
Real Price: $200+
What Is It?
This is just another sad example of a binary options “software” that's supposed to make you quick, easy money. Specifically $15k per day.
Stay far away from programs like this. George Cox is not a real person, and the true creator, Greg Stefaniak, is just cashing in on the binary options hype going around lately.
Before You Buy
In case you don't know, binary options is a kind of stock trading where you guess whether a stock is going to go up or down.
I guess most stock trading is like this, but this type of trading is very quick, so you can make and lose money just as quickly. Of course, wherever ‘fast money' is involved, people always try to develop strategies to guarantee profits.
But the real profits are made in selling these strategies to folks that put their money on the line.
The fact is that if someone had a way to make $15k per day they would not sell it for free, or even for less than $1k. You could sell something like this for tens of millions of dollars to hedge fund managers and then not work another day in your life.
Proof that Covert Society is a Scam
First off, if someone off the street tells you there's fast, easy money to be made, would you believe them? So why, when a voice behind a computer screen tells you this would you believe them?
But just in case you don't believe me, here's proof that George Cox is a made up person.
A “JV” stands for “joint venture”. This is a popular method of selling info products on the internet. The creator lists their product on a forum like this, then affiliates can promote the offer to get commissions.
The product might sell for $200, and an affiliate could make 50% commissions for each sale.
Most guys don't check the legitimacy of the product or really care. They just want to make money. The more enticing the product sounds, the more people get suckered into buying, and more money is generated for everyone (except the buyer).
The the cycle starts again.
I looked up Greg Stefaniak, and it seems he used to be involved in Forex trading. Forex is another fast-paced stock trading market based on currencies.
Forex trading strategies used to be quite big, and also a huge source of scams. Lately, people have grown tired of it. The “new thing” is binary, and it's often marketed as being easier than forex.
Can't Log In
Not only were there errors on the main sales page as I tried to watch the video, but when I attempted to create an account with their preferred broker, it was unable to register my email address….all 3 of them
So if this guy is making $15k per day, why can't he hire a decent coder for his website? Or check his work?
One more thing, if you listen to language of the sales pitch, they never actually mention the name of the broker! Isn't that a bit suspicious?
How is it possible that they work with only ONE broker because it makes them the most money, but they don't mention the specific name even once in the pitch?
It's because they cycle through different brokers, sometimes promoting one, sometimes another. This is usually to see which one converts to more sales, so they can re-use it for later product launches.
Easy money has never existed, and if it sounds too good to be true, it probably is. This is advice your grandfather likely gave you, and it's never been more true that with stuff like the Covert Society
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