Product Name: Binary Matrix Pro
Sales Page URL: binarymatrixpro.com
Owner: Raul Daniels
Price To Get Started: $100 minimum deposit
Training or Tools provided: None
Help and Support: None
Overall Product Rating: 1 out of a 5 star rating
What exactly is this program and how can you make money by using it?
If you have ever bought into any stocks or have done any trading, then you will probably be more familiar with what I’m about to share with everyone today. Binary options are basically where you bet on stock. If you think there’s a chance it could increase in price you bet up on it. If you think it’s not doing anything right now you can bet another way.
As soon as you land on their website a video starts playing automatically which you have no control over. This is always a red flag when you are researching different opportunities online. You are fed a bunch of lies within the first 5 minutes and it only gets worst from there.
When you join you will create an account with Citrades, an online broker that they are also affiliated with. Every time someone signs up for an account and makes a minimum deposit of $100 with them they make a commission.
You can place bets every 30, 60, and 120 seconds and if you bet the right way they claim that you can make $100’s of dollars within just a few minutes. There sales page is misleading and they fail to mention that you could lose thousands of dollars if you don’t know what you’re doing.
Continue reading as I thoroughly examine this program and show you why you should avoid it at all costs.
Who Is Binary Matrix Pro’s Targeted Audience?
This program caters to just about anyone who is looking to make money online quick. If you have experience in buying stocks and have been involved in trading, then this would be right up your alley. They claim that anyone can make $100’s within a couple of minutes.
This is highly unrealistic!
So what exactly will you be doing when you join and what do you get?
After you join you will be asked to download their software and setup your account. After you get in the back end of their website you need to watch another video and this is when the lies that I mentioned earlier start to reveal themselves.
Pay close attention to the following screenshots below!
The first one is everything Raul promises that you will get once you sign up and download his free software.
Whenever you deal in binary options companies, there are lots of risk involved. They say that you will automatically have this bonus of $300 in signal credit added to your account once you join which is another lie.
This bonus is actually coming from Citrades and this is a standard procedure that comes with all new accounts. You aren’t really getting any kind of bonus at all.
In order to qualify for this so called bonus you need to do a few things which I will list below:
- You need to make a minimum deposit of at least $100
- You will need to trade up to 30 times the value of your initial bonus
What this means is that you need to multiply the $300 bonus by 30 which would equal $9,000. This means you need to win $9,000 in successful trades to even qualify for this $300.
Once you complete these requirements your bonus will be added to your initial $100 deposit.
Doesn’t sound so great does it?
Let’s talk about this magic software that you are supposed to gain access to and what it will do for you. Once you login to your software it’s supposed to scan the markets and tell you which stocks are the best ones to bet on and which ones are likely to go up. There is NO WAY that any software can accurately predict this.
There are many people who have lost money by doing this and this is something that Raul fails to mention when you sign up.
When you watch this second video Raul tells you that you need to fund your account before you even get access to your software. Just 5 minutes ago he said we wouldn’t need a credit card to join and we would gain instant access to everything above.
Check out the following screenshots below!
You are going to need at least $100 up front before you can even login to your software.
Here are some warning signs to look out for
1. Fake Verification
Raul goes out of his way to show you that his software is legit and verified. Let’s take a look at this and see if it really is verified from a legitimate source or not.
According to whois .net the name servers for both binaryverify .com and binarymatrix pro.com is the exact same ones.
Check them out below:
WHOIS information for binarymatrixpro.com:
As you see above both of these domains are being hosted on the same server. This should be a huge red flag and should instantly tell you that this site isn’t verified at all. What this means is Raul has registered both of these domains himself and he is hosting them on his own server.
2. Both domains were registered around the same time
I have taken my research to the next level by checking out the date that both of these domains were registered and I found out that both of them were registered less then 30 days of each other with the same email address. This is definitely a huge red flag and you should stay away from this program.
Here are what some other people are saying about their experience
As I was scouring the web looking for other people’s experience they have had with this company, I came across a few people who are pretty upset.
It looks like after you fund your account you will never hear from this company again. They take your money and deny you access to their secret software. When you try and contact their support team they keep telling you that they never received your deposit.
Here are just a couple of really angry people who have had this happen to them.
Check out the screenshots below:
Here is another persons experience with this program and what they had to say about it.
These people have shared their experience they have had with this program with other users on the warrior forum. A popular internet marketing forum. This is one of the biggest scams I have seen in quite some time and it pisses me off that they haven’t been shut down yet.
Just knowing that people are getting scammed everyday by this company makes me sick.
Are you sick of falling for scams like this one? Check out how I make money and get started for FREE!
Let’s compare this program to Wealthy Affiliate the program that I’m currently using and see how they stack up.
My final conclusion and my personal recommendation
This program is highly misleading, and full of empty promises that will simply take your money and you will never hear from them again. Getting into binary options trading is a really risky move and is never recommended, especially if you have no idea what you’re doing.
There are much better ways to learn how to get started online and get trained on the right way to build a business on the internet. There is an amazing training program that you can join for free, without the risks that are involved with binary options trading. You will gain access to all the tools you need to get started making money on the internet.
I really hope that this review has helped you out and educated you as to what binary options trading is and why you should completely avoid this program. If you are one of the unfortunate people who has got suckered into BMP and you would like to warn other people to stay away, I would love to hear about it.
Feel free to share your experience below as it will help other people avoid this scam and save them lots of time and money. Also, if you have enjoyed this review I encourage you to share it with other people so that they will know the truth about this program.
Your Friend, Scott