Inner Trading Circle: It’s a Really Exclusive Scam
Quick Summary of Inner Trading Circle
Rating: 0.2 out of 5. Yet another binary options scam.
Pros: The videos can be stopped so you needn't hear them the entire time you're looking over this baloney.
Cons: The professional looking videos, testimonials and extra long sales page can quickly fool someone into thinking that this scam is legit.
Our Recommendation: Stay away from this scam and save yourself $350. Check out #1 recommendation on how to build a real business online instead.
Are you ready to get rich quick with binary options trading? Well, you may have to look elsewhere because, when it comes to Inner Trading Circle, “This is NOT for everyone…We might not even accept you.”
Welcome to a secret society of “traders”
That’s the message you see when you first open up the Inner Trading Circle sales page. This sales page, which is arguably one of the longest sales pages that I’ve seen in some time, features an Illuminati-type theme and keeps reminding you that you may not actually qualify for this secret society of elite traders.
Apparently, when- or if- you join this society, you can be either a regular trader earning $34,751/month, or a Master Trader who earns money by managing the accounts of other traders.
There are all kinds of benefits to being a trader with Inner Trading Circle. When you’re a regular trader, you get to copy the trades of Master Traders. You pay only two cents per trade placed, with one cent going to Inner Trading Circle, and the other cent going to the specific Master Trader.
Here are some of the Master Traders you get to work with:
If you’re a Master Trader, you manage up to $10 million in assets and earn one penny on each trade placed through your managed accounts.
How does the system operate?
“George” who is introduced as a kind of trading professor, explains that you are copying the trading strategy of the master traders via a bot.
“Our bot is designed to copy the master trader, who you choose.” he says. “Everything is completely transparent. Nothing is hidden; this is no scam.”
Best of all, “You don’t have to do anything. You don’t have to think about it. You just choose the Master Trader you want to link up with, and the rest, well, I think you’re going to have a very pleasant month.”
Traders also get to participate in a “Get Away Cruise” to remote locations like Hawaii, Brazil, Tahiti and Thailand. They enjoy “the true lifestyle of a stock investor.”
Then, in a kind of mafia spin on events, the video notes that “We vouch for each other, and are selective about members, but once you’re in, you’re in for life.”
And here’s the “proof” that it’s legit
There is endless “proof” that Inner Trading Circle will make you money, from the provided Facebook and Twitter user profiles to the positive comments to the video testimonials from professional traders like this one:
So, why am I so skeptical that Inner Trading Circle is legit?
The traders are fake.
To begin with, the backstory on “Mark G.” is that he is on Fiverr and sells video testimonials for $5. This guy also regularly endorses binary options scams, like the ones reviewed here, here, here and here.
The experts are fake.
As for “George,” the trading professor portrayed earlier, here is his alter ego Yoogle on Fiverr:
Inner Trading Circle is an affiliate product.
If you go to Clicksure, an affiliate network known for carrying sham products and get-rich-quick scams, you’ll find the following listed product:
With a $250 commission, it’s no wonder that positive reviews of Inner Trading Circle are popping up online. And all these positive reviews have one thing in common- they all contain an affiliate link.
Clickbetter, an affiliate network akin to Clicksure, also offers Inner Trading Circle, with a whopping $500 commission per action (CPA).
Inner Trading Circle is brought to you by…
…The same scammers that developed other binary options trading scams like Legal Insider Bot and The Apple Stock Robot. While I don’t usually provide sales page links to these scams, it really pays to examine how these scammers try to hook affiliates with promises of big payouts in order to have them promote their products. Here’s the link.
And the real winner is…
When I sign up for an account through Inner Trading Circle, I am taken to the OptionMint brokerage. This brokerage recommends that you make an initial deposit of at least $500-$1,000. The minimum deposit for the starter account is $350.
Keep in mind that, if you accept any bonus money from OptionMint, you will be “required to execute a minimum trading volume of 30 times for every $1 bonus. The bonus can only be withdrawn when the preceding stipulation has been fully met and fulfilled.”
OptionMint is supposedly based in the U.K., at least according to its web page. When I contacted customer support and asked about location, they said that they were based in Toronto, Canada.
As for the broker itself, OptionMint is operated through the SpotOption platform provider, which is known for its “Spot Follow” function that enables a trader to follow and mimic another trader’s trades. The SpotOption platform is regulated by the CySEC (Cyprus Securities and Exchange Commission); however, that doesn’t mean that OptionMint is regulated by the same agency (as they claim). There are no links proving regulation of OptionMint by the CySEC. Furthermore, how and why would a supposedly Canada-based broker be regulated by a Cyprus-based agency?
In summary, you are best advised to steer clear of this overseas broker. Not only will it be difficult for you to get your money back if you accept the broker’s bonus money, you’ll also have little legal standing if something go awry with your account.
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