Binary Boom is a relatively new addition to the scores of sites that promote binary options trading and it opens with a relatively unusual idea – the idea that a stick is related to being successful in binary options. Of course, the narrator hypes on about this concept for quite a while without actually revealing anything.
The author of the site did put effort into making the site seem different than all of the rest out there. The stick gimmick is one aspect, but the testimonials also feel different with many of them being a bit funny, most appearing unprofessional and some in other languages (which is a weird decision).
Of course, half of the ‘testimonials’ don’t even mention Binary Boom specifically, instead, they talk about ‘this product’ or how ‘the team’ helped them get started. That’s a pretty big indication that the testimonials aren’t actually legitimate at all.
If you want to actually find out the story behind the stick gimmick, you have to sit through more than half an hour’s worth of video including lots of testimonials and hype. Once you get there, you just find out that the stick refers to positive price trends. Yay.
Perhaps the most unusual thing about this product is this:
The claim that you don’t need a credit card is pretty common, but not needing an email opt-in is a very unusual approach. In the marketing video, the narrator talks about this, about the idea that he is completely transparent about the software and how it works.
As he says, most other sites do give you no indication of what their software does or how it works, and basically just ask you to trust in the hype. The fact that this site tries to do things differently is encouraging, but it doesn’t make it legitimate – far from it.
When you click the button to download the software, it really does do exactly that. It’s a nice change, but also a concerning one. You should always be careful about downloading any software to your computer, because you don’t know what it contains. If it has any type of malware in it, it could seriously mess up your computer.
In fact, the site even has its own disclaimer about this:
Here’s the thing. The site CAN make sure its software has no malware in it, after all, it put the software up for download in the first place. The fact that it makes this claim suggests that the site has intentionally put malware in the software – which is seriously not a good sign.
From the experiences of past users, it appears that the software did have malware for quite a while. The malware was a common type that served ads, including popups. Apparently this issue has since been fixed, but it’s still concerning.
Additionally, all of the shields that apparently prove safety are completely generic and can’t be clicked on. So, you have no way of knowing whether the software is virus free or not.
If you do plan on trying out Binary Boom, make sure your virus software is completely up-to-date so you aren’t taking any risks.
No Different Than The Rest
The idea of providing you with the software up front is so you can actually see what is going on. It’s a nice concept, but honestly, it’s pretty meaningless.
Basically, the software uses two principles. One is following price trends and the other is the ‘1 Point Rule’. The latter rule refers to the way that you need to at least once cent more or less than the final price of an asset to make money. There is some merit to these perspectives, but they aren’t anything revolutionary – in fact, most binary options software would use similar approaches.
So, despite all of the hype, the product just works like any other piece of binary options software – i.e. it doesn’t work. Software for binary options trading always sounds great but at the end of the day, software just doesn’t have the ability to accurately predict changes in the markets. To make matters worse, you still have to make a deposit of $200 or more with a broker to actually try out the software.
If you want to make money online, chance should never be a part of the equation and even with software, binary options is all about chance. Instead, to really be successful at making money online, the trick is to find approaches that you can learn and develop over time, like what I talk about in my email course.