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  1. #1
    Rookie Member

    Insured Profits. Legit or scam????? !!!

    Hello All,

    RioLion (newbie) here.

    I've been looking into/researching Binary option trading for a while now as a side line and have not yet made the jump yet and joined up with any brokers.

    I've also been looking into some of the signal robots and received an email at the weekend with a link advertising Insured Profits which, to my mind, sounds too good to be true. Everything i've found online is singing its praises but they all appear to be affiliates. The only 'negative' things I have found have been taken down/blocked.

    So, anyone know anything about it? Good? Bad? Legit? Scam? I'm all ears.

    I'm half expecting loud 'tuts' and a proper slagging off for bringing up the subject of robots etc, but let me know what you think.

    Cheers,

    RioLion

  2. #2
    Junior Member mhannaus's Avatar
    You can "insure" your own losses with a broker that refunds a percentage of each loss AND/ OR simply use a broker that has a stop/loss feature in case of reversals. And Voila! You've "insured" your loss but it's still a loss. They certainly can't "insure" that you win. Hmmmmm....

  3. #3
    Junior Member mhannaus's Avatar
    You gotta read between the lines. Use common sense. What's a $2 buck savings if you keep losing $20 bucks. Notice they can't gurantee you'll win 8 of 10 trades. Nobody can. But I bet you'd feel better if you loss on your own accord instead of robot. I have my eye on a particular BOT. But I know once it starts winning the broker will adjust his spreads so fast and wide that I'd be able to run a truck through it.

    I'm still a five month old newbie but I guess my life experiences have allowed me to adjust and adapt to Binary Options Guru's, marketers, and affiliates bullsh*t!
    Hope that helped. Whether it's "sports investing", arbitrage trading, or Insured Profits. Go with your gut, walk away and learn how to create your own "Holy Grail".

    Mark

  4. #4
    Solid Member jango_down's Avatar
    Quote Originally Posted by RioLion View Post
    Hello All,

    RioLion (newbie) here.

    I've been looking into/researching Binary option trading for a while now as a side line and have not yet made the jump yet and joined up with any brokers.

    I've also been looking into some of the signal robots and received an email at the weekend with a link advertising Insured Profits which, to my mind, sounds too good to be true. Everything i've found online is singing its praises but they all appear to be affiliates. The only 'negative' things I have found have been taken down/blocked.

    So, anyone know anything about it? Good? Bad? Legit? Scam? I'm all ears.

    I'm half expecting loud 'tuts' and a proper slagging off for bringing up the subject of robots etc, but let me know what you think.

    Cheers,

    RioLion
    When all you can see is affiliate "praises" and all other "negative" things have been taken down/blocked.... do this...........> RUN!

  5. #5
    Specialist Member runneroption's Avatar
    Following signals is never a good idea. Even though it’s harder, you should learn to trade on your own. It’s way less risky.

  6. #6
    Rookie Member
    Hello Folks,

    Thanks very much for getting back to me on this. Its kind of what I was expecting in terms of warnings etc but its good to have it confirmed.

    What I really dont understand is how they can claim that you can win $20 but only loose $2. Surely no broker is going to agree to this? Any thoughts or explanations?

    Thanks,

    RioLion

  7. #7
    Administrator Martin Kay's Avatar
    Quote Originally Posted by RioLion View Post
    Hello Folks,
    What I really dont understand is how they can claim that you can win $20 but only loose $2. Surely no broker is going to agree to this? Any thoughts or explanations?
    Win $20 and only lose $2 in just 1 trade?? Even if it's in total, I can see it happen. What broker will not agree to make $2 out of each client ? (;

  8. #8
    Rookie Member
    The insured profit website seems to want you to join a 'new broker you haven't joined before', At some level they are working as affiliate marketers although they sidestep this in all their presentations.

  9. #9
    Legendry Member Okane's Avatar
    The "insured profit" guys are complete frauds and nothing else.
    I've looked into them and checked their website and read about unhappy clients getting ripped off.
    Stay as far away from them as you can.

    Read this article here:
    http://www.binaryoptionswatchdog.com...am-goes-viral/

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