Product Name: Profit In 60 Seconds
Advertised Price: Free
Real Price: $200 Deposit
What Is It?
Binary options trading software
This company uses Banc de Binary which is a binary options broker that currently has multiple legal issues and a pretty sketchy history. It's easy to NOT recommend these guys!
Before You Buy
Profit in 60 seconds has a pretty unique setup page compare to other binary options trading software scams that I review. The main sales page was very simple, did not have an annoying hyped video with Ferraris and a rich guy telling us how rich he is kudos.
But there were spelling errors, which makes me think this wasn't made by people with enough cash to pay a proofreader.
The Main Problem
My main issue with Profit in 60 Seconds is that they work with Banc de Binary. Though this broker looks legit, they actually have a pretty sketch history. What kind of company needs to change names 3 times in a short period of time?
They have had numerous issues with the CFTC and the SEC as well, which is never a good sign
But most of all, they are caught in red handed in a lie. Profit in 60 seconds claims that Banc de Binary is a regulated exchange, but they are not.
Just picking through their website, there are a few more things I don't like about it. One, is that they are trying to appeal to lazy users with comments like this:
Telling someone that they can make money in just a few minutes a day and it's guarantee to have excellent returns sounds like a ponzi scheme to me. Well, I guess the business model is different, but the idea of low risk, high return should set off some red flags immediately.
They also claim that they are rated #1
But the question is, rated #1 by who? Last time I checked, there was no contest or rating system. In fact, if you Google #1 binary options automatic desktop trading software all that comes up is two press releases for Profit in 60 Seconds and a few other ads for related services.
…but no contest! Hm, it makes you think.
The last thing that you might not have noticed is that there are actually no purchase codes. They've set this up so that you cannot actually buy the software and go through your own broker. It's just a way to funnel you to the broker they want, and make you think you are getting a deal.
I mean, who in their right mind would pay for something that they could use for 30 days for free?
It's pretty clear that this is not a company you want to affiliate with. Binary options trading is risk, Banc de Binary is shady, and Profit in 60 Seconds has blatant lies on their website.
Honestly, I suggest you keep away from binary options trading if you want to make money online. The initial investment is high, and the risk of losing money that money is REAL. Instead of paying for junk like this, I suggest you invest in an education. The Wealthy Affiliate Online Business Training Center is where I learned how to make money online. If you can learn to trade stocks, you can learn to make simple websites.