Product Name: Profit Partners
Product Owner: Jack Carter
Advertised Price: Free
Actual Cost: $250
What Is It?
This is another binary options trading software that is supposed to guarantee profits.
Profit Partners uses fake testimonials and shows you pictures of big bank accounts to get you to fund a Binary Options trading account. There is no reason to believe what Jack Carter says in the sales video.
Proof of Fake Testimonials
One of the most important things to know before you purchase ANYTHING, is if it works or not. When you buy things online, you can check this by looking at reviews from other people. Sometimes it's written, sometimes people make videos.
“Jack Carter” hired people on a website called Fiverr.com to make fake testimonials for the product. If Profit Partners works so well, why can't they get any REAL people to talk about how well the software works? And why can't the spend more than $5 to hire a decent actor?
IMPORTANT VIDEO ABOUT SCAMS: PLEASE WATCH
NOT BBB Accredited
Despite the fact that they have a label on their website that says “BBB Accredited”, they are not registered with the BBB! I found one company called Profit Partners on the BBB that is not registered, and search results did not turn up any other companies under this name. Either they don't exist (very likely), or this is proof of another lie they are telling you.
You Are Not A Special Flower
We would all love to be unique, and have special opportunities presented to us. But today, you are just one the millions of people that have watched this video and are given access to this software. I got it. You got it. Everyone gets it.
What is Binary Options?
Binary options is a way to trade stocks. The actual details of how it works is beyond me – it's quite complicated. If you want to learn more about it, check out the Wikipedia Page on binary options. But if you look at the page and immediately think “WOW, that's confusing!”, then maybe this method of stock trading isn't for you.
The issue with trading options in this way is that you simply click “UP” or “DOWN”. It's like playing roulette, choosing black or red.
There is no way to know which way a stock is going to go. There are some traders that follow trend lines, or have different kinds of signals they follow to guide their trades. But they spend years, maybe even decades learning this stuff, and even they are not right all the time.
Binary Options as the way it's presented in these internet scams is dumbed down to just picking a button. The worst part is that each time you click that button, you are putting a minimum of $100 on the table, hoping that you guess right.
What you might not know is that these binary options trading companies pay people get paying members to their company. That's how Jack Carter is able to profit off of his website and the video you watched.
I have no problem with this. Working for commissions like this is called affiliate marketing, and it's what I do for my job.
The problem I have is that Jack, or whatever his real name is, has cooked up a giant lie to con people into funding their accounts. There is no training whatsoever, no education on what you are actually doing to make money, and definitely no attempt to caution us that we can LOSE MONEY just as easily as we can gain it.
Jack has made a huge effort to make it seem as though he's giving us easy money for free, and he even goes so far as saying he will pay us to make money. I'm not sure that even makes sense, but that's what he said.
I've said it before, and I have no problem repeating it. If it sounds too good to be true, it probably is. So if someone says they will give you the secret to making money online, that it's easy, instant, and he will pay you to do it, then, well, I don't believe a damn word.
I don't think binary options trading is a good way to make money online, plain and simple. There's high startup costs, you risk hundreds of dollars per minute, and it means you'll be sitting in front of a computer clicking the up/down button all day long.
I would much rather do what I am currently doing! I build small websites about interesting topics. I feature products and services from other companies on these websites, and get paid to do it. It means I can write about things I care about, and help people find information they are looking for. If you would like to learn how to do this too I suggest you take the same training course I did.
Have you had any success with Binary Options? Please let us know in the comments below (no advertisements or links please)