I’m getting kind of sick of reviewing these things. Binary Options programs are hot right now. I’m almost inclined to just tell you to go read one of my other reviews, replace the name of that one with Binary Matrix Pro, and let you come to your own conclusions. However, on the off chance that you believe “Maybe it’s different this time, maybe this one is a REAL product,” I’ve decided to do a proper review afterall.
Keep reading to find out not only why Binary Matrix Pro is best avoided, but also what’s recommended instead.
What Is Binary Matrix Pro In A Nutshell?
You could probably just about fill a nutshell with the value of this program, so I find this title pretty apt. If you don’t know what Binary Options are, they are essentially a way to bet on the movement of a stock over a short period. If you think it will increase in price over the next 10 minutes or so, you bet one way, if you think it will drop, you bet another.
Binary Options programs always claim to contain a secret software that will automate this process for you, and will have a rediculously high winning ratio. You’ll be making thousands an hour. Of course, all this expensive automated revolutionary software is being given to you for free. That’s nice.
Binary Options Pro on the other hand takes a different tangent. The program creator knows that people are getting wary of the flashy graphics and hyped claims. He knows that not even explaining how the program works is a bad idea.
His angle is to actually educate you into what you’re getting into first. Here’s what he says you’ll find out in the video:
The product claims that it will give you “signals” for when to place a trade. In other words, it monitors the markets, and when the time is right to make a profit, it will tell you which market to bet on, and whether to bet on the price rising or falling.
Rather than pretending to be an automated software, it claims to be giving you signals instead. This is a bit more dangerous to you, because it seems more realistic and believable than the other crappy products. He’s actually teaching you a bit about how he’s going to take your money.
They also take the angle of claiming to not be 100% free. Instead of being free, they charge you 1 cent for every signal they give you. You place the trade, and make a profit, so it’s a pretty small price to pay. (I’m talking hypothetically of course).
First Warning Signs – Fake Verification?
A lot of effort has gone into displaying a “verification” seal from binaryverify.com. This is something I’ve never heard of, despite reviewing tons of Binary Options programs in the past. There has never been any mention of it until now. Sounds suspicious right off the bat.
On top of this, the account that is supposedly verified shows that it has been going since 2013. This is another warning sign, given that a.) The website itself has only been around since February 2014, and b.) The recommended brokers for you to sign up with have been around an equally short time.
So where did this mysterious account come from? The clouds I’m assuming. Just like Binaryverify.com – a website that was only created in January 2014 itself.
Sounding suspicious yet?
If you need more proof about how questionable Binary Matrix Pro and Binary Verify are, take a look at this screenshot:
Second Warning Signs – Dodgy Brokerages
There are so many online “brokers” that are unregulated. They all have varying degrees of trustworthiness. Some of them have been around a few weeks only. Most of them are based in Cyprus and acting outside of regulation and jurisdiction.
Right now the only one that Binary Options Matrix is recommending as a “trusted broker” is bancdebinary – a brokerage already associated with numerous known scams, and one operating outside of US jurisdiction. It doesn’t allow traders from the US at all.
This kind of thing is usually the biggest sign to stay away. These places are so unregulated that they could literally take your money, deny all knowledge of it, and get away scot-free. Most of them do just that.
Furthermore, they always pay a commission to the person who refers you. In other words, Binary Matrix Pro sends you to open an account with them. You deposit the $250 minimum amount, BMPro generates a nice commission (and shares it with the affiliate who sent you to them), and then you’re left in the dark.
That magic software they told you about? Just a way of getting you to deposit the money.
Want to see another person’s experience? I found this over on the WarriorForum – a notable Internet Marketing forum:
Read the full comment here – it’s the third comment down.
The final clue for me that this was a scam was that BMPro has its own affiliate program on Clicksure. If there is any sign that a product is questionable, it is that it lives on ClickSure. They are basically advertising “No refunds, huge commissions” to anybody willing to help them promote it.
Binary Matrix Pro Exposed
Reading the above screenshots and taking into account the facts already mentioned, here’s what we know:
- When you sign up to a broker via Binary Matrix Pro – They will earn a commission.
- They offer huge incentives and commissions to anyone willing to help promote them, just like all the other dodgy products.
- They recommend brokers to you that have only been around a short time and are unregulated.
- The list of brokers keeps changing as new ones come and go.
- You don’t even get to download the software, it just denies you access.
- You sign up, your money is gone.
It shouldn’t be too hard at this point for you to come to this simple conclusion: Stay away.
How Does Binary Matrix Pro Compare?
Binary Options trading programs all come down to essentially one thing: You’re betting your hard earned money on a coin flip. Successful businesses are not built this way! You can’t expect to make money this way.
I’ve Tried That has been reviewing ways to make money from home since 2007. In that time, there’s one program that stands above the rest. It’s free to get started, has no ridiculous hidden charges, and will help you build a sustainable income from home.
Let’s see how Binary Matrix Pro compares…