TSI System revealed by Michael Jefferson seems to be a once-in-a-lifetime opportunity to finally make you wealthy, but don’t be fooled. It’s a binary trading software out to get your money.
Read our full review as we uncover the tricks by TSI System scam.
Name: TSI System
Presenter: Michael Jefferson
Price: $250 min. deposit
LEGITIMATE? NO, IT’S A SCAM!
TSI System Review
TSI System is NOT a mystery tool
Online scams are running rampant as they disguise themselves as mysterious money making opportunities that haven’t been revealed to the public.
TSI System scam is one such example, where it is touted as a piece of software that makes money for some of the richest people in the world.
This scam is targeted at the internet population who are looking to get rich quick, and unfortunately thousands of victims fall prey to TSI System scam every single day.
We decided to review and reveal the scam after receiving several complaints from our readers who lost money to it.
If you are considering to sign up for it, don’t make any rash decision until you read the full review. You deserve to be fully-informed before signing up for it.
TSI System Uses Fake Video Testimonials
The testimonials given by these “members” are fabricated
One of the major reasons people fall for scams is because they have read, or watched testimonials by users who have allegedly benefited from the products.
The scammers behind TSI System know the power of social approval, too. This is why they have included a few fake video testimonials right in the sales video.
We’ve run a background check on the “member” featured in the sales video (refer to screenshot above), and below is what we found:
This “member” is an actor in Fiverr
We discovered his Fiverr.com profile, where he charges as low as $5 to record fake testimonials for his clients.
You can find his Fiverr profile here if you want to verify our claim for yourself.
Fiverr actors and actresses offer their services by reading the scripts of their clients like a piece of real testimonial. This particular actor offers a basic gig of $5 for a 50-words “casual and natural video testimonial”.
He’s not the only one selling such services, there are a lot of people out there offering video testimonials for similar prices. Since the script is provided by the client, the testimonials are mostly fabricated.
We do not condone or condemn the act of selling fake testimonials, but we want our readers to be aware of this – that fake testimonials can easily be bought online.
So the next time you come across opportunities that sound too good to be true, it’s better to be skeptical and do some research.
How Does TSI System Work?
If you want educate yourself on how TSI System scam makes money off its victims, read this section. Otherwise you can take a look at the real way to make money online.
Binary options is a form of trading that has been gaining popularity in the recent years due to its simplicity, compared to stock market or the Forex market.
Instead of analyzing charts and following financial news, binary options traders rely mostly on “trading hunch” to make their guesses. They guess if an asset’s price will rise or fall after a short period of time, usually between 30 seconds to minutes.
Let’s say I think that the price of AAPL stock will rise 1 minute later, and I bet $50 on a 1-minute options contract. If I’m right, I win a certain percentage of what I bet, usually 60% to 80%. But if I’m wrong, I lose the entire $50 that I bet.
As you can see, the entire process of trading binary options is not that different from traditional gambling. There’s no way to predict market movement in such a short period of time as it is random.
Even if you manage to win 50% of the time, you’ll still lose money due to the imbalanced winning vs losing payout. It’s just like risking $50 for a chance to win $40, in a coin toss game.
It’s so risky that even Forbes warned us against gambling with binary options.
What TSI System software does is that it automates the trading process for you using programmed algorithm.
Removing emotions from trading may be a good thing, but when it comes to such a short trading time-frame, there is simply no algorithm can predict the market movement and get it right consistently.
How TSI System Makes Money Off You
TSI System makes money off you via referral fees
If you decide to sign up for TSI System software, you would have to sign up for a broker account through their website, via their sign up form. There are no other ways for you to obtain the software.
The sign-up form is actually an affiliate link, in which TSI System will earn a sum of referral fees as soon as you deposit into your trading account. The minimum deposit for most brokers is $250.
Even if you already have a trading account with their recommended broker, you will have to register for a new account using a different email address.
This is because the scammers behind TSI System cannot earn their referral fees unless you sign up for a new broker account through their affiliate link.
To make things worse, when you inevitably lose money in your trading account, you won’t be able to contact the support team of TSI System because there is none to begin with!
Is TSI System a Scam?
YES, TSI SYSTEM 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 $250 to use the software for trading purpose, and your money will be lost in quick successions. This is how they make money off you.
You are better off spending that $250 deposit for a nice dinner with your family than wasting 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:
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!