Binary Matrix Pro WARNING

[magicman]

Hi gang,

I've been getting emails for this software - Binary Matrix Pro - for a little while now and the "sell" job is very professional.

Today I decided to try to check it out a little deeper than the sales hype. Here's what I found out so far.

The website is just a sales letter. All the alleged review sites that I checked are simply parroting the BMP propaganda to get an affiliate commission. The Whois data is hidden. The address on the emails in Netherlands shows up in Google Maps as the home of another company and is also the address of the famous Anne Frank home in Amsterdam.

At this point what would you think? Yeah, me, too.

Just a heads up WARNING for Binary Matrix Pro. ---- Magicman

(If you find out it is legitimate, please let us know. Thanks.)

[Mark Austin]

...The address on the emails in Netherlands shows up in Google Maps as the home of another company and is also the address of the famous Anne Frank home in Amsterdam.

Wow, that's pretty sneaky!

Mark

[magicman]

Yeah, Mark, it seems like it gets worse. The company is touting that their results are "verified" by BinaryVerify.com. Again, this is a private registration. However, if I'm reading the data right, the domain was just registered the first of this year (1-3-14) with a Scottsdale AZ city/state listing.

The registrant email is:  BINARYVERIFY.COM@domainsbyproxy.com.

Here's the TECH contact address: Tech Street: 14747 N Northsight Blvd Suite 111, PMB 309. OK. Not a real physical address.

Are these people all ghosts? - MM

[hillsborowd]

Thanks for checking it out MM as I was going to myself but never got to it as a lot of other things xome up and never got to it, I been getting a lot of emails from them to

[Ron Killian]

Are any of those types of programs legit? I hit the back button or delete emails for those kinds of programs. Just always seemed so risky. Not worth it to me. Course with little experience, what do I know? :)

[SurfSmarter]

Most of the binary Matrix Pro type programs  are simply the Roulette 'formula'  repackaged... so to speak... to utilize forex...

With The roulette formula  you bet red/black to win... sticking with one color and 'doubling down' each time it does NOT win... then switching colors and doubling down on that until it hits... etc. supposedly 'guaranteed' to profit... except it doesn't adequately account for the 'house advantage' inherent in all games of chance!

With BMP you bet on the direction of a particular Forex pair swing.

John

[magicman]

Hey Ron and members -

I think the binary options can be a legitimate source of income, but it requires some cash reserve, ice-cold discipline and a little help.

Here's a great website for reference:

www.BinaryoptionsWatchDog.com

By help, I mean a professional and proven "signals" service for great opinions and a stable and trusted trading platform. Unfortunately, most of the promoters of magic software are not reliable (a kind way of putting it).

Magicman

[misshang]

Dont' worry, this is GoDaddy Private Registration. It's the address of GoDaddy.

Yeah, Mark, it seems like it gets worse. The company is touting that their results are "verified" by BinaryVerify.com. Again, this is a private registration. However, if I'm reading the data right, the domain was just registered the first of this year (1-3-14) with a Scottsdale AZ city/state listing.

The registrant email is:  BINARYVERIFY.COM@domainsbyproxy.com.

Here's the TECH contact address: Tech Street: 14747 N Northsight Blvd Suite 111, PMB 309. OK. Not a real physical address.

Are these people all ghosts? - MM

[SurfSmarter]

Hey there MM

just took a look at your chosen watchdog (binaryoptionswatchdog) and here is their recommendation (*** are mine)

>>Quote (http://www.binaryoptionswatchdog.com/binary-options-scams/)
Avoid the following SCAMS!

Signals and Software SCAMS

ProfitIn60Seconds.com, The Binary Trick, ***Binary Matrix Pro***, Guaranteed Wealth, Legal Insider Bot, Tokyo Bot, Hercules Profit Pro, The Covert Society, Insured Profits, German Binary Robot, The Wealthy Trader, Binary Cash Creator, Thepushbuttonmillionaire.com, Dailybinaryprofits.com AKA DBPv7, BinaryPilot.com, Cheat The Odds 4.0, Roy Tribble’s SCAM Blog, GoldenGooseMethod and BinarySystem4U.com

>>EndQuote

One thing that I question especially about "watchdog" sites is exactly who is behind them... and what their agenda is (everyone has an agenda) or how clear they are about that agenda... many time supposed watchdog sites are simply part of a funnel process for those earning affiliate commissions or sometimes are in fact the operator(s) of the some of the sites that have been found to 'pass the stringent reviews'

Some questions to ask about all of these type of 'guidance services' or 'trading platforms' is:

if it really is as easy, 'automatic' and/or fool-proof to pick or predict ... exactly why do they need you? wouldn''t it make more sense to simply trade their own accounts? (think about the 'pump and dump' stock promoter boiler room operations or the 'insider' trading recommendation newsletters...

Not saying that all forex is bad... but be sure to do your due diligence and keep your eyes open

John Getson
Your 2nd Income Specialist

[magicman]

Hey, John -

I appreciate your perspective and really appreciate that you took the time to post such a helpful and thoughtful reply.

Good thoughts. It is a very dangerous neighborhood, for sure.

MM

[NathanielStroud]

Well, not only Binary Matrix Pro, but there are lots of other programs designed in a same way to rob the investors. At first glance every binary options website looks well designed and appealing, but you have to ask yourself that really they can make you rich overnight…. Is it really possible? Be aware and read reviews http://www.judgebinaryoptions.com/Binary-Options-Scams before spending your money on any platform.   Hope everyone understand what I am trying to say.

[Jim Burney]

Hi Nathaniel,

  to the RRW forum!

Your input is welcomed, although this is an older thread.
Looking forward to future posts.

Jim

[Jim Burney]

Must be getting old!!!

Another interesting thread I've missed first time around. 

Great OP and some very interesting comments.

Jim

[SurfSmarter]

hmmm... Jim, MM, et al;

my earlier comments re agenda still stand

for example this latest recommended watchdog... judgebinaryoptions, which on one-hand encourages you to "avoid binary option trading scams that follow the too-good-to-be-true mentality" and if you’re actually looking for a profitable way to supplement your income online through binary options "look towards more reliable services such as the 'proven' Copybuffett binary option trading systems!" 

and yet on the other...  this very same ultimate "judge, the jury and the executioner regarding all things related to binary options" states that the CopyBuffet system "doesn’t make any money" and warning investors to "stay away from this ridiculous scam" with the suggestion to either use Buffet’s "REAL" investment techniques, or just choose a "binary options system which is honest and could produce profits", such as E***** T** R***"

just tiny bit of research will usually provide at least some semblance of enlightenment as to their bias...