You discovered a website promising a piece of software that will make you rich overnight! All you have to do is fund the broker’s account with $250 and just relax while money floods into your bank account. This is too good to be true, don’t you think? Is Profit Booster App a scam then?
Well, it looks like the owner of Profit Booster App is trying to copycat other thousands of binary options sites that roam wild and free on the internet. I have already reviewed other auto trading platforms like Millionaire Blueprint, My Cash Bot, and The Real Dream Maker.
They all share the same story – the software will increase winning trades and make incredible profits in a very short time frame. Is it really possible?
Profit Booster App Review
- Product Name: Profit Booster
- Website: www.profitboosterapp.com
- Price: $250 (min)
- Business Type: Binary Options
- Recommended? No
- Score: 0 out of 10
What is Profit Booster App?
Profit Booster App is a trading software in binary options that promises spectacular profits on autopilot. They say you don’t need any knowledge or experience as all the work is done for you. Not only that, the software is offered completely free of charge. How amazing! Well, nothing different from other binary options sites I am afraid.
A Brief Overview of Binary Options
It is essential to have an idea how binary options work. It’s very simple, to be honest.
Binary options is a way to speculate on the financial markets. In the most common type, the high-low option, you have to decide if the price of an underlying asset (indices, commodities, foreign exchange, and stocks) will go up or down after a relatively short period. If your proposition is right, you win a percentage of your initial investment. If you are wrong, you usually lose ALL your investment!
The positive thing about binary options is that you know beforehand your potential profit or loss. However, such positive aspect comes with a high price – this kind of trading is extremely risky! And this is mainly due to the following factors:
- High financial market volatility -The financial market is unpredictable. Most people trade the same way as the play coin flipping.
- Big advantage for the broker – Although you have 50% chance of guessing correctly, every correct guess will earn you less than 85%. On the other hand, the broker will pocket 100% if you are wrong. What does it mean? It means you need to be right most of the times to cover this disadvantage, or in other words, you need to be very lucky to see a profit.
How Does it Work?
I am going to get straight to the point. The owners of the website are, in fact, affiliates of a broker called Optek, which is the binary options platform where people use for trading.
But it’s free, isn’t it? So, what are their motivations? Yes, free… but they are earning huge commissions from the broker every time someone creates an account with them and makes a new deposit.
Here is the main compensation plan. As they say, it’s STAGGERING!
$100 is the minimum commission they get when you make a deposit!
The 3 Steps to Trade With Optek
- Step 1 – Create your free account with Profit Booster App – They ask for a phone number to bother you with endless sales pitches.
- Step 2 – Open an account with Optek
- Step 3 – Fund your account with at least $250
Next, you have to enable the auto trading function, which is located on the left column of the platform. You have to choose the amount you want to trade and the number of trades per hour.
The software will basically choose a Call (up) or Put (down) option randomly for you, which is hopeless.
Can you really make $1,419 in less than one hour? YES, definitely! But at the same time, you can lose $3000 as well, and besides, you can earn much more if you pay a visit to the casino.
They say this is the most modern system available for making a steady income online. Really? For the owner you mean!? How can you make a steady income by putting your money at high risk so many times?
Binary options is a legitimate way to make and lose money. The problem is that they omit the severe risks involved.
In my opinion, no software or magic strategy will predict the financial market. So, I don’t recommend it!
A Realistic Method for a Steady Income Online
Making a steady income online is possible, and you don’t have to risk your money trading in binary options.
The best strategy is to create a website, provide helpful articles and promote affiliate products. In time, this site will grow and the commissions can realistically cover all your living costs and so much more! Yes, it takes time, but anyone with patience and determination can do it.
You can start a website with $0 and build it from the ground up the same way as I did. However, I don’t recommend you do this all by yourself! There is free quality training available, and you should never pay a dime before you give it a try.
Wealthy Affiliate is my #1 recommended platform to create profitable websites and get all the support you need to make a terrific income online. It’s free to start building your business, they don’t ask for credit card and the membership never expires. Trust me, they will take you by the hand and show you the right way!
I can only say positive things about it because I’ve started seeing amazing commissions with my website. So, all the time I worked on it so far is paying me now as residual/passive income. It will keep doing so for years and years thanks to Wealthy Affiliate.
Thanks for reading! Have you tried any binary options platform before? What is your opinion about it? Please leave your comments or any questions below. I am more than glad to help you out. 🙂
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