Simple Profits Scam: The Worst Threat for Any Trader

Binary options trading can be a challenging task. However, most traders fail to realize this and end up wasting their money. What leads them to a loss is the casual approach towards trading. Well, trading is not as easy as it appears to be. The truth is that trading is one of the hardest tasks. If a trader lacks the precision and understanding about the job then obviously it becomes a big challenge to win profits through trading.

The worst part is that there are some trading systems too that are out there to bluff the trader. One such system is Simple Profits by Mark Ford.
If you really want to know more about this system then go through the complete product review.

Simple Profits sales video misleading the traders

The Simple Profits video has got big claims to make. Now the trading strategy that is put forward in the video is that this system makes use of an algorithm that can avoid the losses. For example, if a trade is about to end in a loss then the algorithm works the same way as hedging funds. This means that whenever the algorithm notices that there is a probability of loss, then it offsets a trade. Well sounds smart, but does it happen in real is still a question. The algorithm claims that the Simple Profits system can completely work on auto pilot. It is very important to highlight the fact that only the most sophisticated AI algorithms can manage trading like this. However, Simple Profits is not equipped to facilitate the trader. Thus, if an investor believes in these statements, then he is truly misguiding himself.

Simple Profits Scam Review

Note – They always try to grab with catchy words like here “Instantly” to signup quickly, be aware from that and choose an original binary trading software.

The video does show the operation of Simple Profits. However, nothing can be said for sure before a trader tries a system. The system does not offer a trial so the trader cannot test any of the promised features on his own. Thus, the trader should make sure that he does not fall in for this trap at all.

The Simple Profits website is just fancy graphics

Now the Simple Profits website needs to offer real information, but this is not the case with Simple Profits. The core information needed is missing. For example, the Simple Profits website shows a live stream of the profits earned by traders. Now there is no guarantee whether these people make such a large amount of profit or not. The trader can only believe in the claims when he has tried out the system. Thus having such information on the website truly does not make any difference at all.

Simple Profits Scam Review

If the Simple Profits system wants to prove its credibility, then the best thing to do is that offer the trader the facility to use the system without paying a dime and see if the results are the same as claimed.

The Simple Profits website has this newspaper cuttings from different websites. This also does not make any difference. This is not contributing to the knowledge of the trader and is not helping them to understand Simple Profits in a better way, so this information is also not useful.

Simple Profits Scam

Is it advisable to make $250 deposit to Simple Profits?

The answer is no. The reason is that Simple Profits has not been able to justify its claims so opting for such a system is not the smart move at all. $250 is a big amount for a new trader, and the investor cannot place such a huge amount on the line for simply no reason. Thus, the trader needs to be wise with his decision if he does not want to lose his investment.

The same old marketing technique used by Simple Profits

Logic is needed to convince an experienced trader, and he would not fall in for the same old marketing techniques. For example, the Simple Profits website shows the message that one spot is left. Well, that is not enough to convince an experienced trader. An experienced trader follows the logic. Thus, these same old gimmicks will not work out in the case of an experienced trader. This is what the maker of Simple Profits system needs to understand. It is not a very easy job to convince experienced traders, and they do not just put their money on the line just like that.

The Simple Profits FAQ section is not useful

Well, the FAQ section of Simple Profits does not prove to be a useful piece of information. The questions do not offer much value. This information will not benefit the trader eventually. If the website wanted to offer some useful information, then the details of the working of Simple Profits should have been mentioned on the website. It is always a better option to opt for scam free binary options robots then to opt for a system that does not offer real insight to the trader at all.

Broker Information not provided by Simple Profits

Well, it is mentioned that the investor can sign up with the favorite broker. However, it is necessary that the names of those brokers should have been mentioned. This way the trader could have known about the possible choices he has. This could have made the decision easy for the trader. The problem is that there are many scam brokers out there so an investor cannot afford to get caught up in the mess. It is always advisable to deposit the money with a safe broker. When no information is mentioned then, the doubts do exist.

Is it wise to give the email address?

The answer is that it is a bad decision to give the email address. The reason is that the investor will not get any valuable help this way. Only the inbox will get flooded with unwanted emails, and that will turn out to be a bad decision for any trader. The investors need to understand that emails are quite a private information and cannot be given to anyone without a reason. The trader needs to be wise with his choices if he wishes to avoid scams.

Live customer support not present

Simple Profits is not offering the live customer support. Well, it is an essential utility that needs to be provided by every trading system. The reason is that the traders should be given the opportunity to ask questions that come across their mind. When a trader trusts a system only then he will be interested in making a deposit. When the live customer support is not there, then the trader is being deprived of the opportunity to ask the questions that come to his mind, and that is not something fair. Usually, these scam systems do not offer the live customer support because they lack the ability to answer questions, and they do not want the trader to figure out the scam.

After reading the complete review, any trader should be convinced that Simple Profits is a bad choice. The Investor should consider looking into other alternatives that will turn out to be a profitable venture for the trader. The investor should try opting for scam free systems that have got the proof to prove their worth. Secondly, it is always better to master manual trading first and only then the trader can easily identify the loopholes that exist in an automated system. This will be the wise approach on the part of the trader. Make it a point to deny the opportunity to sign for Simple Profits and say no to this scam.