Quick Summary of Proven Profits
Rating: 1 There is nothing proven in this system, least of all the profits
The Good: None whatsoever
The Bad: Lies and fake data
The Bottom Line: This "system" only offers a high risk, no guarantee of making money online: Binary Options. If you want a way to build a real business, read my top recommendation.
Proven Profits Review
Marketing online is all about wording. Whenever you see successful copy on the web it has likely been through multiple changes and tests before arriving at a perfect equilibrium of content vs conversion.
It’s also true, sadly, that a lot of marketing copy is intentionally vague, and misleading.
For example take this Binary Option systems name: Proven Profits.
Just in that name alone it infers a guarantee of wealth all without becoming liable due to an actual guarantee.
This type of writing is far from new, but Binary Options marketers often take it to the next level.
Let’s examine Proven Profits and see what heights, or lows, it achieves, and see whether it is a valid Binary Options system or not.
Binary What Now?
Just in case you’re not aware, Binary Options is a type of trading system. Unlike normal trading systems which work over long periods of time, Binary Options focuses on short periods often just 1 to 5 minutes at a time.
The basic idea is that you choose whether a commodity price will go up or down by the end of that set period. If you choose correct, you get your money back and a little bit on top (after the brokers cut).
If you choose wrong, you lose your money.
Remind you of anything? Gambling maybe?
Yet Binary Options is basically gambling…
You see, Binary Option is a high risk trading method, one that carries an FTC warning because it is so volatile and risky.
Binary Options systems such as the one being reviewed try to convince you that their software can beat the system and provide a way to get a large number (anywhere between 70%-100% depending on the system) of winning trades.
That sounds awesome, but of course the proof is in the pudding and most Binary Options systems are unproven, with a myriad of lies and falsehoods behind them.
The truth is there is no advanced software that can predict Binary Options trades, the time period is just too short to predict accurately where a trade will go, and long term predictions are useless for short time trades. It basically boils down to this: someone is trying to tell you, with absolute certainty, which way a coin will land when it is flipped. It’s a coin flip! There’s no way to predict which way it will go!
The reality then is that no Binary Options system is going to make you rich. More likely you will lose a ton of money and quit in disgust. Not that the person behind the system that pushed you to Binary Options cares: once you deposit money, they win in the form of receiving a commission from the Binary Options broker.
The Proven Profits Pitch
In an 18 minute long sales video, Proven Profits starts off from the blocks fast: in the first 10 seconds it pushes the idea that you can make hundreds of thousands of dollars with no work.
The video shows you various screenshots of bank accounts with large sums of money, and also shows you a case study of one Phil Harris who allegedly turned $250 bucks into $17,000 in a single day!
All this look enticing, but so far I have seen nothing but camera tricks and showmanship. The screen shots can be easily faked, and even though you can see the mouse moving on the balance screen, the cut away periods indicate that the screens have potentially been faked.
George Cook is showcased next with similar fantastic results, and similarly no actual evidence that this money was a) actually made, and b) was made due to Proven Profits.
All you are seeing here is smoke and mirrors.
Remember when you momma said not to trust everything you see on the internet? Heed that lesson with Proven Profits!
Like most Binary Options systems, Proven Profits focuses on how it is easy to use software, virtually auto pilot and requires no knowledge of, well, pretty much anything.
There’s a computer term: garbage in, garbage out. You could easily paraphrase it here and say nothing in, nothing out.
If you think that the successful traders out there just go to work, sit down and click their mouse a couple of times and then go and spend the millions they earn a year you are sadly mistaken.
Why then would you even consider that someone is going to give you software that requires no skill and yet will supposedly make you rich, and all of that for free?
Too good to be true!
The video continues to show off big money, for instance the narrator says that the screen shot with a bank account showing $23 million dollars is just one of his bank accounts.
However, then the video starts to attack other make money online systems and lambasts tactics used by other Binary Options systems out there. What it says is valid, but when it attacks other systems while basically doing the same, which is just plain stupid and obvious at that.
The idea here is to make you think that they are on your side and that they understand the struggle you have had finding something to make money online with.
How then does it prove to you that Proven Profits is legitimate? It states that all of the results it is showing you in the video have been verified by an independent auditor, TradeVerify.net.
This for most people would definitely help seal the deal, as TradeVerify.net exists and has a fairly professional looking website.
But who can verify the verifier?
Don’t take things on surface value though.
If you dig deep enough, certain things become apparent: TradeVerify itself cannot be verified. There is no governing body confirming its existence or validity.
The way I see it, this website has been set up solely to help legitimatize scammy systems.
The system then, takes its name from the alleged fact that the profits are proven, even though there is no evidence to that fact.
Let me tell you what I can prove.
I can prove that the Twitter accounts supposedly of successful members are not real. In fact the @ProvenProfits twitter handle hasn’t been used in 3 years, and when it was it was for an internet marketing company that hasn’t blogged in 2 years and had nothing to do with Binary Options trading.
These do not exist.
I can prove that the testimonials are likely fake (why use stock imagery if they have been “validated”?):
That photo is used on multiple sites…
I can prove that the trading data shown is not coming from the Proven Profits website, but instead from a random website which provides trading data to dozens of other Binary Options systems (including ones that use methods the video negatively reacted against).
I can prove that the TradeVerify website uses stock photos for all there “staff”. Again, why would a legitimate business use stock photography for staff? I’ve never seen a proper business do that ever! It smacks as lying and that, to me at least, helps to confirm something fishy is going on with that site.
I can prove that the BBB certificate and other certificates are fake: they don’t link anywhere for one thing (they should link through to the relevant website to confirm validity), and Proven Profits is not listed on BBB.
I can prove a lot, and so far Proven Profits has not proven anything.
The rest of the video is basically fluff, all pushing the fact that Proven Profits can supposedly make you rich, all the while failing to tell you exactly how it works, or provide you with any actual proof!
The Bottom Line
Proven Profits is most likely a scam. It over hypes its earnings potential by a factor of lots, and uses fake data to try and seal the deal.
The reality is that Proven Profits just wants you to sign up to the broker and make a deposit, once that happens they could care less what happens to you as they will have their guaranteed commission from the broker and you will be out of pocket.
Binary Options systems in general are high risk with very little reward. The FTC disclaimer would have told you this, had Proven Profits bothered to include it on their site or in their terms.
My personal advice would be to steer clear of this so called system, and look to learn different and more real ways to make money online.