Would you play the “flip-a-coin game” with me? $20.00 per flip. You’ll get $20.00 when you win, but have to pay me only $2.00 when you lose?
I’ll bet you will, all day long. This is, in essence, what Dave promises with his sales pitch promoting his Insured Profits program. This is yet another binary option trading software program, but with a special twist to it.
Will Dave be able to hold his ground and keep his promise? Or is it just a dirty sales trick to scam you out of your money? My insured Profits Review will answer these questions.
This form of trading is like a coin flip. You can make a bet if a particular stock, currency or commodity will go up or down over a short time period.
If you think the price will be up, you bet a “call”, if you think it will be down, you bet a “put”. If you guessed right, you win.
Let’s say you put a $100.00 on a “call” bet and the stock lost on value at the strike time, you can kiss Mr. Franklin Good Bye. However, if the stock gained on value you win……but not a $100.00.
Why is that? Well, in binary trading you will get only 75% to 80% payout of the bet. The difference goes to the Brokerage Firm. In order to break even, you will have to win 20% to 25% more often than losing.
Binary Trading Software To The Rescue – Most Likely Not!
There is a bunch of Binary Trading programs out there, that tell you they have created a “secret software”, which beats the system and is right 90% of the time. I have tried and reviewed a few of them, and I tell you right now that NONE could beat the system.
Software cannot predict the outcome of a coin toss or the fluctuation of the stock market.
The folks that claim their software CAN and WILL do just that are LIARS and SCAMMERS!
Why Should Insured Profits Be Different?
For starters, Dave does not claim his software can predict the unpredictable. Good for him, he understands that we are not dumb enough to believe this particular crap.
BUT, and this is the big but. He makes the following claims:
1) His software will “insure your bets”, so you will win the full 100% of your bet, and only lose 10% when you lose your bet. However, Dave fails to explain how exactly this will be achieved. But maybe this screenshot will give us an explanation:
2) His software will automatically assign winning trades to whatever result occurs the most, be it a call or a put. HAH? WHAT? I am confused now. How can his software assign bets AFTER the fact. I would call that cheating if indeed possible.
This makes it very clear to me that Insured Profits is like any other of these programs. A scam to get your hard earned money.
What Is The Purpose Of Insured Profits If It’s Not Working
It’s working alright. But only for Dave, Ginnie and Steven. When you fall for this scam and sign up with the brokerage of their choice, they will get a one-time commission of up to $500.00.
Obviously, they rotate the brokerages. The first time I logged on to their sales page, the broker of their choice was Banc de Binary. The next time it was CITRADES and after that bee options.
It really does not matter. The only purpose for Insured Profits is to have as many people as possible sign up with a binary brokerage.
They will get their commission right away, because you will not be able to withdraw any money until you have consummated a certain number of trades. I never reached the threshold because my deposit was gone long before.
Here Is My Take On Insured Profits
Dave and his crew think they are smart, They have taken a position against all the other shady binary trading programs by basically acknowledging that there is no software that can predict the fluctuations of the stock market.
They try to sell you the idea that “their software is able to cheat the brokers by re-shuffling the deck after the deal was done”. Their angle is that you make money, no matter if you were right or wrong with your bet.
Clever, but not clever enough, When you take a close look, they are operating like all the others. You will get the software for free, but you can only use it after you spend at least $250.00.
Personally, I believe there is no special software. You will be able to access a program every brokerage offers their clients. Their software handles the trades and the book keeping. Included is a “Trending Module”, which records the trading trend and sets trading signals. That’s the end of it.
My Verdict: Insured Profits is a Scam. Avoid getting involved.
There is a way to make money online – with an honest and legitimate online business. Find out where I learned internet marketing and make a decent living of it.
I am John and I help newbies to start their own online business. If you have any questions about this article or have had any experience with programs like Insured Profits, we would like to hear from you. Leave a comment below or send me an email firstname.lastname@example.org