Binary Winner: It’s A Scam Sweepstakes!
Quick Summary of Binary Winner
Rating: 1/17 I liked the lottery aspect of this scam.
The Good: No rest for the scammers, apparently. I must admit, I was impressed with the sweepstakes twist on this scam.
The Bad: You expose yourself to any number of Trojan viruses and other malware when you download the Binary Winner app.
The Bottom Line: Will you win $10,000 using Binary Winner? Probably not. Will your computer or phone get riddled with a Trojan virus thanks to the scam app? Probably. Stay away from this "sweepstakes" and lose your money the old-fashioned way by playing the lottery. If you're looking to actually make money online, look no further than my top recommendation here.
Binary Winner Review
I thought I’d heard every line in the book when it came to binary options scams. There’s the “We want to pay it forward” line. There’s the “We want you to join our secret club” line. There’s even the “I’m exposing other binary options scams” line.
Now we have Binary Winner, which uses the “You can win $10,000” line.
Binary Winner: You may have already won $10,000
Binary Winner is one of the newest binary options auto-trader programs out there; Whois provides a creation date of April 5, 2015 for the URL. The hook of this program is that new sign-ups are entered to win a $10,000 binary account at the end of the week (although the video says end of the month). There are also daily drawings for amounts of $1,000, $2,500, $5,000, and $7500, with the $10,000 grand prize awarded on Friday.
Apparently, the odds of winning money through Binary Winner are even better than the lottery, at least according to this email that arrived in my inbox from Pauline:
Wow! it seems to me that you may have won the latest prize over on the website below. Click Here To See If You Won:=> CLICK NOW TO REVEAL THE WINNERS
P.S. I hear that this is WAY better odds than the lottery!
Someone told me there is a 1 in 17 chance of winning $10,000!
However, as “cool” as the idea of winning $10,000 is, what’s really cool is the Binary Winner App, which its creator, Robert Graham, introduces in his video. The reason the Binary Winner App is so cool is because it generates $10,000 each and every day (even weekends, apparently, when trading markets are closed).
Robert illustrates the success of this app by claiming that he gave it to five of his students, none of whom had any experience in trading binary options or even using computers. All five of Robert’s students were able to generate $10,000 per day within two weeks of using the app.
How does Binary Winner App work?
In the binary options trading world, you trade stock options by making either a call or put on an equity, commodity, currency, etc. The call refers to a price increasing over time; conversely, a put refers to a price decreasing with time. If you can successfully predict which direction the price will go, you can either purchase or sell (i.e., exercise) an option and make money on the price difference.
Because you’re essentially trying to predict the future with options, many trading software programs try to help you out by using algorithms to analyze price patterns. Based on this analysis, you receive a signal to either exercise a call or put on a given option.
From the name alone, it sounds like the Binary Winner App works by providing trading signals so that you can make correct calls or puts on options. Of course, that’s only an assumption. Luckily, Robert provides the following tutorial on using the app. Now, please pay attention (and in his words, “get ready to take notes”)…
I hope you were paying attention because that’s the end of your lesson.
The Q&A session
While all the information provided above should have answered most of your questions concerning the Binary Winner App, you may have some lingering concerns. To answer those concerns, Robert discusses the following topics. For starters:
Robert states “I have not allowed it out on the open market.” Just by sheer luck, you’ve been selected to receive information about this app and to try it out. Lucky you. Or, as Robert puts it:
Another question might be: Can this app be used with any binary trading platform? Robert emphatically states no, the app will only work with one particular broker platform:
If you already have a brokerage account, you will need to fund a new one- the one that Robert recommends. Otherwise, you won’t receive his app.
Incidentally, the brokerage in question is Options Mogul.
Call it a hunch, but I have to wonder if the real reason Robert wants you to sign up with his new broker is because of new broker commissions like these:
Just download the app already!
So begins Robert’s plea for you to download Binary Winner App and use it to make loads of money. There is just one concern I have when I download any kind of software to my computer- viruses. Can the Binary Winner App guarantee that it is free of malicious viruses, malware, spyware, etc.?
You understand that our Company cannot and does not guarantee or warrant that files available for downloading from the Internet will be free of viruses, worms, Trojan horses or other code that may manifest contaminating or destructive properties. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for accuracy of data input and output, and for maintaining a means external to this site for the reconstruction of any lost data. Our Company does not assume any responsibility or risk for your use of the Internet.
What this tells me is that, if the Binary Winner App contains anything bad, I’m on my own.
Do we have a Binary Winner here?
If you’re hoping to make money from trading options, don’t rely on Binary Winner App. The “program” tells you absolutely nothing about options and how to actually make a profit from them. You also risk infecting your computer with who-knows-what sort of viruses.
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