We decided to write this review when our readers complained about losing their money to a new scam known as Binary Trust Method.
If you are still considering to sign up and fund your account, make sure you read our full Binary Trust Method review before you do something you’ll come to regret soon.
Name: Binary Trust Method
Owner: Peter Olsen
Price: $250 min. deposit
LEGITIMATE? NO, IT’S A SCAM!
(full list of all reviewed scams)
Binary Trust Method Review
Peter Olsen giving fake promises behind a text-only video
Peter Olsen, the alleged co-founder of Binary Trust Method is the main culprit behind this scam.
There are a lot of online scams preying on the internet population who wants to “get rich quick”, and Binary Trust Method is one of them.
Throughout the presentation, Peter claims that he has helped a lot of people make at least $2100 on a daily basis, and now it’s your chance to grab the software.
According to him, you don’t have to learn trading at all to start raking in thousands of dollars a day from the market.
All you have to do is to sign up for the software, activate it, and start enjoying your new-found wealth.
There are even members who recorded video testimonials to support Binary Trust Method – but can they be trusted?
Binary Trust Method Scam Uses Fake Testimonials
You can’t really trust these testimonials
In the marketing world, it’s a well established fact that potential consumers are easily influenced by the testimonials of existing customers.
Knowing this, the scammers behind Binary Trust Method decided to hire a few actors and actresses to record some fake testimonials.
Yes, the testimonials you see above are completely fabricated, and we have the evidence below to prove our case.
Fake testimonial vs real Fiverr profile of the actress
These fake testimonials were included in the sales material to make the scam appear legitimate.
On the left, we can see the fake testimonial by “Natalie Wilson”, who claims to have made $134,720.09 using Binary Trust Method software. On the right we have the Fiverr profile for this actress.
You can verify the authenticity of our claim by visiting her Fiverr profile here: fiverr.com/gferdi.
We’ve also included her gig description here to let you understand what how the testimonials are fabricated.
The clients (in this case Binary Trust Method) are instructed to submit a script, and she will read it like a piece of real testimonial.
To her, reading off the script is just a job. She has not used the software before, let alone generating huge profits with it.
Another fake testimonial of Binary Trust Method revealed
Once again, the Fiverr profile of the actor above can be found in this URL: fiverr.com/oldmansteve.
Interestingly, the same Fiverr actor was also used in another online scam we have reviewed just days earlier in Fintech Limited.
In Fintech Limited scam, his fabricated identity was “Kenneth Miller” instead of “James Peterson” as seen in Binary Trust Method.
This shows that the same pool of actors and actresses are frequently hired by these online scams to deceive their victims.
We do not condone or condemn the act of buying and selling fake testimonials, but we want you to be aware of this – that fake testimonials can easily be bought online.
There’s no free lunch in this world. In the future, if you come across something that sounds too good to be true, you better stay away from it.
Making money online takes real dedication and effort.
How Does Binary Trust Method Make Money Off You?
It isn’t exactly “zero-risk” if you have to fund your account first
Online scams usually promise sky-high profits for minimal to no work at all. At the same time, their victims are always kept in the dark until they make the payment.
When they finally realize they have been scammed, it’s always too late to get their money back. The same goes for Binary Trust Method scam.
The truth is, the scammers behind Binary Trust Method are working together with a few unregulated brokers to make money off their victims.
Firstly, Binary Trust Method convince their victims to sign up for the scam by promising at least $2100 daily profits.
These victims are then registered with their partner brokers, which are all unregulated by monetary authorities.
Once the victims fund their trading account, Binary Trust Method software will be activated to generated automated trades on their behalf.
However, it is just a generic binary trading robot that generates random trades for the users. These victims typically lose all their deposits within hours of activating the software.
The losses of their victims are pocketed by the broker, which is then shared with its partner-in-crime – the scammers behind Binary Trust Method.
In the end, internet users like you and me become the sole losers in this complicated fraud, while the scammers make a handsome profit with our trading deposits.
So, What’s the Real Way to Make Money Online?
BINARY TRUST METHOD IS A SCAM. We strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll need to deposit at least $250 into your trading account to activate the software, and your money will be lost in quick succession to the scammers.
You are better off spending that money for a nice dinner with your loved ones than to waste it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options, and it’s doesn’t cost anything to get started:
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!