Ah, Kill Binary. Yet another contender into the already crowded field of binary options. Every so often I wonder whether there will ever be an end to sites like this. Let me show you what I mean.
The first suspicious with the site comes early, with this claim:
Only for the first 50? Really?
It’s very rare for sites to put real qualifiers on how many people they accept. It happens sometimes, but normally for training sites where the number of people joining actually makes a difference. Here, the number is meaningless and certainly isn’t true.
After all, there many different affiliate sites online promoting Kill Binary, that’s a lot of work to go to if only 50 people could join. Instead, that number is just there to make you hurry and sign up – ideally without thinking much about whether the site’s claims even make sense.
So, what about the video? It certainly opens convincingly, but what you see isn’t actually a news broadcast at all. After all, you can’t even see a network name anywhere.
Instead, the video comes from a site called Fiverr. A lot of companies use the site to buy fake testimonials, and other parts of the sales pitch come from sellers on the site also.
In fact, if you watch through the sales pitch you can see little cuts here and there that don’t make sense for a live broadcast. This should provide a pretty good indication that the site isn’t all that it claims to be.
The Binary Angle
Like many others, this site is all about promoting an approach called binary options, or binary options trading. According to the marketing, you can make thousands of dollars every day through binary options.
Maybe you could, but you can also lose thousands of dollars every day the same way.
Binary options itself is a form of trading that is very high risk. You are trying to predict changes in the market that is entirely unpredictable. The approach means that you basically have a 50% chance of winning any call you make, and you only earn money when you earn. You also have to win more than 50% of the time to just break even, because of course the company wants their cut.
Kill Binary doesn’t make any of this clear though. Instead, the site claims that their testers consistently made money and never ever lost anything.
That doesn’t make sense for binary options. Even the best trader in the world with the most sophisticated software doesn’t win all of the time, and someone with no experience using Kill Binary’s approach certainly won’t.
I hate how binary options is promoted as an easy button. It’s not, and it never will be. If it really was possible to be that successful, everyone would be doing it. In fact, if the owner of the software could do what he claims to do, why is he even sharing it? Shouldn’t he be keeping it a secret so he can profit off it until he gets shut down?
Don’t tell me that it’s out of the good of his heart.
Instead, there’s a very good reason why the owner is promoting the product. He makes money from it.
One of the catches with binary options is that it isn’t free – despite what the site implies. Instead, you put up your own money to try to win trades. You can’t just try it out on a small scale either. To even make trades, you need to deposit around $200 (or more – depending on the broker).
In theory, you can get that deposit back. In practice though, brokers make it very different to get any of your money back at all and you certainly can’t get back anything you lose in a trade.
That deposit is actually why there are so many sites like Kill Binary out there. The site owners make a commission from the deposit that you make. Given the size of the deposit, I imagine this is a decent commission.
Oh, and one final thing. The software that the site promotes is junk. It’s worthless. Just about every site out there that promotes binary options also promotes an ‘amazing’ piece of software, yet none of it actually works.
Making Money Through Affiliate Marketing
There are legitimate ways to make money online, but none of them will ever be as fast and easy as binary options claims to be. Trust me, any legitimate shortcut tends to get swarmed on by marketers and before long it doesn’t work at all.
The only effective way to make money online is to build a business from the ground up legitimately. While this sounds hard, everything you need to know can be learned and you just have to take it all one step at a time. Learn how I earn money promoting products and services online, and how you can do the same, promoting products that YOU love. You build the website, your pick the products, and you take the profits! (I just do the teaching 🙂