There are various forex robots, websites and autotrading robots that can help you enter the world of binary options trading. This type of trading is a very lucrative attraction to most people and a lot of them want to try it out, a reason why there are hundreds of websites doing offering up systems.
However, before you do try such a website out, it is important to know whether that website is genuine or it is just a scam designed to pull people in and take away their money. Reviews like this can help you out there. Out of such websites that we found to be scams, Spider Profit is one of them. This review details why we think that Spider Profit is a scam.
########## UPDATE ##########
Based on Readers Feedback’s posted in Comments all over our site – many are saying that Ultimate4Trading and EZTrader are a SCAM. Our review of that product was based on only a 1-week trial. We apologize for any inconvenience.
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Spider Profit’s site spiderprofit.com, has been aggressively promoted all over the Internet, especially on trading websites as advertisements. They have sent e-mails to everyone, claiming in their mails that they have a success rate of 98.83%, letting people believe that through this forex robot or autotrading robot they can earn thousands daily. So, everything sounds good right? Wrong. Spider Profit is just another robot trader scam that you need to be aware of and even if it spends thousands of dollars on advertisements, it just isn’t worth your money or time.
The Evidence That Points To It Being A Scam
If you are looking for a good auto trading robot, you definitely shouldn’t go in for Spider Profit. First off, you do not know what you’re purchasing for. Let’s say you purchase an educational program. It tells you about the course structure and content that is inside. Spider Profit doesn’t even do that, only promising you great figures that you could earn if you bother to buy the program.
What do you expect from this Spider profit review? First, we are point blank going to tell you that Spider profit is a scam. We will dissect all the details of this forex robot below.
- The Unrealistic Statistics
You will always come across statistics that are just too good to be true. This Spider Profit review comes out with us experiencing the same thing here as well. When you visit the website, the very first thing you will see is a statistic proclaiming loudly in bright red text ‘100 average people with no previous experience made 30,000 weekly using Spider App’. Now the curious thing is that this website has only been existing since July 7, 2015.
And this proclamation has been on the page since the first day. How can they have collected such data even before launching their business? On top of that, the data has never been changed since the first day it was put up. Are we expected to believe that since July till now there has been no change in anything, and earnings have been constant, like a salary? This in itself shows that it is not a true statistic, but only something to lure unsuspecting people in. Additionally, the figure itself is highly unrealistic. Even talented traders with long experience do not earn that much regularly. Therefore the very first claim you see when you enter the website is completely false.
- Time’s Running Out!
Now you will be finding this common tactic too often in any binary options robot scam websites. They want to sell to you as fast as they can, and so would be trying to lure you in buying as fast as you can before time runs out. When you visit the site, there is a text inside a bubble on the bottom left corner that says ‘Only 6 copies left!’. This number doesn’t change, always remains fixed at six. This again is a move to capitalize on the website visitor’s fear of missing out. The fact that the number remains stationary shows that it is a scam. This kind of statistical manipulation seems to be Spider Profit’s tactic of choice.
- Did You Listen to Your Teacher?
This giveaway is pretty simple, and the makers or Spider profit perhaps banked on the fact that most people never listened to their teachers. The video that the homepage shows explains in no way how Spider Profit offers to earn so much money for every subscriber.
But then you are too wowed in by everything to think about that, right? It shows pictures of huge houses, a convertible yellow sports car, exotic private beaches etc. They are painting the dream of a future with unlimited money. Everyone wants easy money, and by luring people through this tactic, they get you to sign up with the text box very cleverly positioned right below this video, that asks for your name and your primary e-mail address.
Even Anonymous is calling the system out as a scam
- The free copies that you supposedly may get
During the video, again, they emphasize on the fact that the first hundred people will get a free copy of this money making method. But the reverse countdown is always stuck at six, so this is completely false and a part of the scam. Oh, and once you sign up and get the benefit of the ‘free’ copy, you still have to make the minimum deposit of $250 dollars. They will try their tricks to convince you to make a deposit even more than that. This starts in the video itself, where the voiceover adds, ‘The more money you deposit, the more money you will make’.
Only Trust A Website After Checking Its Review
Never invest in a website like Spider Profit before you check its reviews on a trusted website like ours. If you legitimately want to try binary options trading, you can do so with a trading robot and broker that are legitimate and licensed.
We have reviewed some good robots in the past. Check out Virtnext and Dow Jones Focus Group. Many of our own staff use these two. And always remember to visit our main pages for our updated list of broker bonuses as well!