binary options atm scam

Binary Options ATM is a Scam – Review with Proofs

Binary Options ATM promises to make you money automatically and let you withdraw profits from an unlimited ATM. Don’t be fooled though, as Binary Options ATM is a scam. Let’s find out the hidden truths in our Binary Options ATM Review.

binary options atm scamName: Binary Options ATM
Website: binaryoptionsatm.co
Owner: Unknown
Price: $250 min. deposit

Recommended? Not Recommended
(full list of all reviewed scams)

Binary Options ATM Review

 

binary options atm scam

Binary Options ATM is a scam

Now let’s be honest – Binary Options ATM has perhaps one of the most unpolished websites for a binary software scam. I’ve reviewed more than a hundred binary software scams, and there isn’t one that looks as amateurish as this.

However, this may be why Binary Options ATM is becoming one of the more successful binary software scams. We’re so used to seeing professional sales video that seeing something different triggers our curiosity to try it out a little bit more.

Make no mistake – Binary Options ATM is still an internet scam, just like hundreds of others out there.

Let’s find out the secrets Binary Options ATM is trying to hide from us.

Binary Options ATM Uses Fake Testimonial

 

binary options ATM scam

The beta tester featured in Binary Options ATM is giving a fake testimonial

The sales video of Binary Options ATM pretty much relies on a single testimonial of a so-called beta tester who changed his life using the automated software.

This man claims that he found out about Binary Options ATM from a friend and was introduced to the world of binary trading. He was so surprised that there’s a such a simple way to make a lot of money online, with little to no effort at all.

He also claims that the software is free for now because it’s still undergoing beta testing. So if you want to get it for free, you better act now.

Since this is the only testimonial in the entire sales material, his words put a lot of weight on the reliability of Binary Options ATM. Can he be trusted? Is he telling the truth?

I hope he was, and I would’ve signed up for it in a heartbeat. Unfortunately, he’s just telling lies to get you to pay for Binary Options ATM scam.

binary options atm scam

The man featured in Binary Options ATM is actually a Fiverr actor

This “beta tester” of Binary Options ATM scam is actually a Fiverr actor, and his profile can be found on Fiverr here.

binary options atm scam

Gig description of the featured Fiverr actor

Fiverr actors and actresses are paid to read the scripts of their clients like real testimonials. They’ll say pretty much whatever the clients want them to say, lies included.

I’ve attached the description of the gig offered by this particular Fiverr actor here.

Generally, a fake testimonial can be bought from Fiverr.com for just $5. Like what’s described by the actor, you’ll have to pay more if you need a longer testimonial.

I do not condone or condemn the act of buying and selling fake testimonials, but I want you to be aware of this – that fake testimonials can easily be bought online.

If Binary Options ATM is really as good as it claims, why is there a need to hire an actor and fake the testimonial? There’s only one reason – because the scammers behind Binary Options ATM is out to get your money, but their software doesn’t work at all.

So the next time you come across internet opportunities that sound too good to be true, such as Binary Options ATM scam, stay vigilant and do some research. They are most likely scams.

Understanding Binary Options

 

Since this is a binary software scam, we need to briefly talk about how binary trading works to make sure everyone is on the same page. If you already know how to trade binary options, you may skip to the next section.

Binary options is gaining popularity in recent years because it’s very simple to trade. You only have to guess if the price of an asset will rise or fall after a short period of time, usually between 30 seconds to minutes.

There can only be 2 outcomes – either you are right, or you are wrong (hence the name binary options).

This is how it works – let’s say I think that the price of crude oil will rise after 2 minutes, and I bet $50 on a 2-minutes contract. When the time is up, and the price is indeed higher, I win a certain percentage of what I bet, usually between 60% to 80% (between $30 to $40). But if I’m wrong, I lose the entire $50 that I bet.

In practice, trading binary options is not that different from gambling. There’s no way to predict the market movement in such a short period of time. Can you guess the outcome of a coin toss with confidence? Can you get it right consistently? No? The same principle applies to binary options. The chance of the market swinging in either direction is pretty much 50-50 given the short amount of time.

Even if you manage a 50% win rate, you’ll still lose money due to the uneven winning vs losing payout of binary options. The difference in payouts is how binary options brokers make big money off the traders.

We do not recommend binary options if you want to generate serious income from the internet. It’s one of the worst possible ways to make money online. There are simply better alternatives out there that are much more promising than trying to gamble your way to wealth.

What Binary Options ATM Doesn’t Want You to Know

 

binary options atm scam

The untold truth behind Binary Options ATM scam
(click on image to enlarge)

Despite telling you that the software is free and that you will make a lot of money from it, Binary Options ATM has some secrets hidden in the disclaimer, after all.

The link to the disclaimer can be found on the right side of their homepage as an orange button, but how many people actually click into it and read through the entire document?

You can click on the image to enlarge it, but allow me to spell out the important terms here:

  1. Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision.
  2. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. THE TRADES HAVE NOT BEEN EXECUTED.

From these few clauses, we can find out the truth behind Binary Options ATM scam:

  1. Despite coercing you to sign up for the software, you should not view Binary Options ATM as an invitation to trade binary options. If you do sign up, it’s entirely your own decision.
    Note: Scams like Binary Options ATM that promise exorbitant returns are illegal in many jurisdictions. If they do not include this clause, they are deemed to illegally coerce you into signing up for the scam.
  2. The profits shown in the sales materials are simulated results, no real trades have been executed using the software. To put it simply, any profits displayed are not real.

These terms and conditions are not here to give you a fair warning as a consumer. The sole purpose of this document is to protect the scammers from legal actions when you lose all your money trading with Binary Trading ATM software. You can’t take any legal actions because you signed up based on your own decision.

If they wanted to be honest about the risks of using the software, and the fact that all results shown are not real, they would’ve told you in the sales materials. Instead, they chose to present you with lies and fake promises.

Why Are People Still Promoting Binary Options ATM?

 

binary options atm scam

Binary Options ATM rewards anyone who can get people to sign up with the scam

Now, this may not be the first review you’ve read about Binary Options ATM scam, and you wonder why are there so many positive reviews out there if this product is a blatant scam.

Sadly, in some cases, the reviewers are swayed by the commissions and choose to endorse scams. Binary Options ATM pays $250 to its affiliates who successfully get someone to sign up for the scam.

As an internet marketer, it’s inevitable that I endorse products as well, but I choose to recommend only products that genuinely help people.

I could’ve written a raving review for Binary Options ATM scam and encouraged my readers to sign up, and I’ll earn a nice $250 commission once they deposit into their trading accounts. In fact, it’s a lot easier to write than to look for evidences to expose this scam.

However, I’ve been a victim of binary software scam before and I don’t want my readers to end up the same. There’s simply no automated softwares that can make you free money. You need to put in time and effort to make money online.

How Does Binary Options ATM Make Money Off You

 

If you decide to sign up for Binary Options ATM, you’ll have to open a binary trading account through their sales page (which is an affiliate link). The team behind Binary Options ATM scam will earn a sum of referral fees as soon as you make your first deposit into the account.

There are a few brokers to choose from, and their minimum deposit is at $250.

You have to register for a brand new broker account even if you already have an existing account with your chosen broker, because the scammers behind Binary Options ATM scam cannot earn their referral fees if you don’t sign up through their affiliate link.

And what happens when you finally deposit the money and lose it all using their automated software? You are left on your own and you cannot take any legal actions against the scammers, because it is already stated in the disclaimer that using the software is your own decision.

Is Binary Options ATM a Scam?

 

YES, BINARY OPTIONS ATM IS A SCAM. Binary options trading is not that different from gambling, and using an automated trading software is no different. You are essentially putting your hopes and entire investment in a piece of software that gambles on your behalf.

You are more likely to end up losing all your money than making any significant profit. If you have some cash to spare for entertainment, you may go ahead and try it out. But you’ll be better off spending it on a nice dinner with your loved ones.

If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:

Read Our Review of the Most Recommended Internet Business Opportunity Here.

 

Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!

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4 Comments

  1. Jose Luis Santos

    Hello Edward, I just wanted to know if you reviewed Mike’s Auto Trader, that is very possibly the best acclaimed binary software out there.

    Thanks.

    • Hi Jose,
      I haven’t reviewed Mike’s Auto Trader, I’ll put that into my review list.
      But exercise caution when it comes to binary trading software. I wouldn’t recommend putting any money into binary trading because the odds are overwhelmingly against you.

  2. Thomas

    What about Virtnext is that also a scam?.. Please advise…

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