Quick Summary of Daily Profit Bank
Rating: 1 Just another Binary Options scam
The Good: I cannot see any pros for this system, barring a short video.
The Bad: The cons here is that it's just another Binary Options affiliate trying to make a quick buck at your expense. The system is flimsy at best, more like an outright lie.
The Bottom Line: There's no such thing as a magical algorithm that can predict binary options. The scammer is just trying to sucker you for as much money as possible. If you're looking to build a real, sustainable income online, check out our number one recommendation here. It's free to get started and you don't have to gamble away your hard earned money.
Daily Profit Bank Review
Simplicity is a wonderful idea. If we can bring everything back to its most basic roots, it will make things generally easier.
Most marketers understand that simplicity is the best way to get a point across.
However, most unethical marketers tend to go the opposite route and make things overly complicated in the desire to bamboozle you with science.
This is why Daily Profit Bank stood out to me recently. This relatively new Binary Options system is very simple in terms of its marketing.
Like most Binary Options systems, Daily Profit Bank uses a sales video to try to persuade you to sign up to its designated broker.
Unlike the others though, this video is really short: it’s barely a snippet at 2 minutes in length.
However, just because it has made a short video doesn’t mean it has done away with the usual BS of Binary Options affiliates. The video has removed most of the cruft and filler content but kept the core idea of trying to convince you to sign up at its heart.
The video is apparently hosted by a guy named Trevor Veery and he looks like your run of the mill guy. He also sounds suspiciously like an actor; there’s a certain way that people paid to make videos and soundbites sound. Their tone and inflection just sounds like a car salesman on drugs.
Trevor warms us up with a brief sob story. His consists of how he was struggling to pay his bills and wanted to make money from home. He was stressed and worried.
He has tried all the “get rich quick schemes and online businesses” such as MLM and affiliate marketing, but had no success.
The purpose of these few seconds is to strike a rapport with you, because you are likely to be in similar shoes.
He goes onto to cement this by stating how none of these things worked, apart from to make him lose money, which I am positive we have all experienced before!
He even states that he tried Binary Options, but nothing clicked and he was still not making money.
Of course, here comes the kicker: he then discovered something that changes his life!
He took 3 separate methods of working with Binary Options and combined them to form a super duper algorithm.
This algorithm is so good that “you can’t lose” and will win 88% of trades. Huh? You can’t lose, but you only win 88% of the time?
He then baffles you with some science by stating that this amazing algorithm uses 3 criteria: a strong indicator, a moving average and a strong trend.
He doesn’t explain any of this though; he just hopes you will take it on good faith that he knows what he is talking about.
After this comes the last phase of his psychological attack, he starts to make you dream!
He tells you how after he got involved with Daily Profit Bank (hang on, didn’t he make it…?) he no longer needed to stress about money, and that he could spend more time with his family.
When he said that he went from earning nothing to earning $10,000 a week after only 18 days, I was expecting to see images of flash cars, models and mansions, but he didn’t do that. That would be out of sync with the style he is trying to portray.
Inside Daily Profit Bank
After providing your email address, you then get another short video extolling the benefits of this system and providing proof via some live trades listed below the video.
If these trades are real, then why are they coming via a website called “click to webinar” that doesn’t have anything on it except this hidden trade data?
Why are we not seeing this data coming from the Daily Profit Bank website, or better yet, from the brokers?
Because it’s a scam!
Talking of the brokers, these guys are called UK Options and are supposedly based in the UK, though their parent company is based in the tax shelter known as St. Vincent, an island in the Caribbean.
As such there is no US jurisdiction should things go awry.
The Bottom Line
Daily Profit Bank may have diverged from the norm, and created a simple, to the point video low on hype and big on average Joe-ness, but that does not get past the fact that this is a Binary Options system.
Binary Options in itself is a high risk venture. Just take a look at the disclaimer that is on the Daily Profit Bank website; that alone should scare you off.
You also have to realize that there really isn’t any magical amazing algorithm that can accurately predict trends. The affiliate will simply be using tools supplied by the broker in order to supply what are known as “signals”.
These signals are very (very) basic trend analyzers that allege to predict what will happen in the next 60 seconds based on a longer time period. At the end of the day you are likely to have a better chance of winning a successful trade by guessing, at least it’s only a 50/50 chance.
Going from $250 to $10,000 per week in less than 3 weeks is a pipe-dream, designed to suck you in so that the affiliate can make a commission from the broker, a commission that is basically your hard earned cash!
I would advise you to avoid Daily Profit Bank!