The idea of a secret money vault sounds like something like something out of a cheesy movie or television show. Yet, that concept is exactly what Secret Money Vault is actually promoting. Sound fishy yet? It should. After all, the very first rule when looking for ways to earn money online is, if it sounds too good to be true… it is!
Pretty much everything about the sales page for the site screams fake, such as this fake income counter:
His ‘proof’ of income is another example:
I swear. Every misleading site out there likes posting their bank accounts. It’s meaningless though. Even if he earned the money through the system he is promoting, there’s no guarantee that you will too. Alternatively, he might have earned them another way altogether – there really is no way of knowing.
In fact, the figures in the statement are probably faked, which is surprisingly easy to do.
While we’re on the topic of being misleading, here’s the biggest example:
The Real Cost
The word free bugs me so much because it simply isn’t true, or at least, not in the way the marketing implies.
You do (in theory) get access to the software the site is promoting without paying for it. However, you do have to pay money first. Specifically, you have to deposit around $250 into an account with a binary options broker.
That’s a pretty hefty amount of money to put up when you don’t even know whether the approach is actually going to help you earn money or not.
The whole concept of the site is focused on binary options trading. That means that the money you put up is used to try and earn you more money. It’s like betting when you’re gambling, if you’re right, you’re not going to get that money back.
In fact, gambling really is how I would describe binary options – and nothing Secret Money Vault offers changes that at all.
The sales pitch for the product is a bit more complex than usual. Essentially, Tony’s system allows him access to information about servers and systems, and this information is used by the automated software that he is promoting in his system.
The end result is a system that is supposed to be able to predict changes in the stock markets and tell you which way to bet.
It’s a great system if it works, but does it?
Actually, the approach Tony is promoting doesn’t even make that much sense. He is supposed to be intercepting buy signals and using that information before the buy is made. Yet, the prices on trades move hundreds of times a minute and these movements are based on hundreds or thousands of different buys or sells.
There is no way that intercepting just a few of these is ever going to let you predict anything in the market.
Instead, the software is going to work just as well as every other piece of binary options software out there – in other words, it won’t work at all.
Binary Options and Money – The Bottom Line
There are literally hundreds (if not thousands) of different websites out there offering some variation of Tony’s sales pitch. Most of them claim some amazing way to manipulate the binary options trading system to let users come out ahead.
These sites are so popular because they are successful, but not in the way you might think.
They are successful, because the people running them, people like Tony, earn a pretty hefty commission off that $250 deposit that you put up. So, it doesn’t matter to them whether you actually make money or not.
Here’s one more critical point.
People often assume they can get their money back out easily. After all, the site did say it was free. Getting funds out of binary options brokers is extremely difficult and you’ll have to make trades and prove your identity to do so.
So, if you do get your money back, it will only ever be some of it. But, of course, the site doesn’t mention any of this beforehand.
Most people who buy into binary options through sites like this lose most or all of the money they put up. Even if you were to win money, it would be by chance and you certainly couldn’t turn it into a long-term revenue source.
Realistic long-term approaches to making money are never going to be the ones that seem too good to be true. Instead, they are going to be approaches like the ones I talk about that take time and effort to get going – but pay off in the long run.
Latest posts by Nathaniell (see all)
- Weebly's Website Building Affiliate Program Review - August 15, 2018
- Amazon Affiliate Program Review: Are They “Old News”, Or Still Rockin' It? - August 14, 2018
- Fossil's Authentic Watch Affiliate Program Review - August 14, 2018