Product Name: Instant Money Insider
Product Owner: ‘Brian’
Upsells: $200 deposit required
What is it?
Instant Money Insider is one of many products out there promoting binary options trading. The site offers ‘free’ software for trading in return for depositing at least $200 with their chosen trader.
Instant Money Insider is not free, it is not instant and it will not make you money. All the product offers is software for binary options trading, and completely misrepresents the amount of risk involved in this type of trading.
Before You Buy
Be very careful with this type of product. You have to risk $200 to even try the product and you probably won’t get it back even if you ask for a refund. Additionally, you have to submit your phone number when you sign up, so expect some sales calls if you use your real phone number.
What I Liked
There is nothing I like about this type of product. It is manipulative and misleading, and I hope that no one puts down the money to try it out.
What I Didn’t Like
I hate products that advertise instant money because it’s never realistic. Trust me, if instant money was possible, you’d be hearing it everywhere, not just on the site of some internet marketer who is trying to get your email address.
Additionally, the profit information and the video both suggest that using the system provided by Instant Money Insider will result in profits every time. The problem is, that’s not how this type of software works.
Instant Money Insider basically offers software that works with binary options trading to supposedly increase your chances of winning. This is actually an incredibly common approach, and making money isn’t as cut-and-dry as the site makes out.
Binary options trading involves trying to predict the behavior of stock and essentially betting on that behavior. For most people, the odds of actually winning a trade are around 50%. Even with the software, your odds aren’t that much better. In fact, software can often make things worse, not better.
Additionally, the fees and conditions associated with the trading mean that you have to be right somewhere around 60% of the time to actually make a profit. This means that it is very possible to lose money through this type of trading, and many people do.
However, Instant Money Insider intentionally hides this fact. The site has up a set of ‘live stats’ on trades that looks like this:
These stats suggest that out of 1,373 trades, there were 1220 wins and 22 ties. This means that 131 times someone lost. That ratio cannot be correct. With binary options trading, the number of people losing trades is much higher.
Honestly, trading on binary options is risky and I personally think it is more likely gambling than it is a making money approach.
Another thing is that binary options costs, which is something that was not mentioned in the advertising for this product. You have to pay the minimum deposit for the company, which is $200 USD, That’s quite a lot to pay for ‘free’ software.
Getting your money back out is actually a whole lot more complicated than this product makes it seem. For starters, you can only get out the money you have left in your account. So, if you lose trades while you are trying out the software, you won’t get any of that back.
Additionally, the company that you are trading with has its own stipulations about when you can withdraw money. In particular, you have to make 30 trades before you can withdraw your own money from the account.
This means that by the time you actually get your money out (assuming you are even able to) you will have lost most of it. It makes me very concerned that Instant Money Insider doesn’t mention this fine print whatsoever and makes it seem like all you have to do is ask to get your money out and you will get it.
There have also been a number of issues with the trading company (SpotFN), as software like Instant Money Insider will often set up automatic trades, which can result in significant losses of money.
Finally, I want to point out that binary options is a relatively new type of trading and there is very little regulation in the industry. Because of this, sites like Instant Money Insider are completely misleading people and making binary options look like this fantastic money making opportunity – when it really isn’t.
Is It Even a Real Product?
Sites like Instant Money Insider don’t tend to last long, because they are misleading and end up scamming a lot of people out of money. When the site does eventually go under, the authors just start up another one with the same spin and a different name.
A little while ago I reviewed a product called Money Magnet, which promoted a ‘Money Magnet System’ that operates in the exact same way as this product does. In fact, if you look at the string of ‘profits’ under the sign up portion for Instant Money Insider, you’ll notice that it is talking about Money Magnet System, not Instant Money Insider.
Realistically, Instant Money Insider is just another version of the same system that has been doing the rounds online and is probably a rehashed version of Money Magnet. It just isn’t worth the bother.
There are no wso many different sites that offer ‘free’ software on the condition that you deposit into a binary options account and trade with that account. To actually find out for yourself whether the system works, you have to put $200 into the system, $200 that you will probably never see again.
There are already so many people who have got scammed by products like this and have ended up losing all of the money they put into it. Binary options simply isn’t a money making technique, and it’s certainly not an approach for ‘instant money’.
Now, there are some people who seriously use binary options and have been somewhat successful. Personally, I don’t recommend the approach at all, because it is so easy to lose everything you put into it.
However, if you are interested in binary options, then I suggest avoiding products like Instant Money Insider entirely. Instead, you should do careful research into binary options and binary options providers, and also have a really good understanding of the markets that you are trading in.
Doing all of that will reduce your risk of getting scammed, but even then, you risk losing everything you invest.
Products promoting binary options are unfortunately becoming very common. Like the rest of the products of this type, Instant Money Insider is nothing more than a scam, and most users will end up losing all of the money they invest into it.
Making money online is something that should never be left up to chance. If you want to be successful online in the long-term, then you need to take the time to develop your business from the ground up and continue to grow it over time. This is what I did and many others, and the #1 Recommended Product is a fantastic place to get your start and work out how to create and maintain a successful business.