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?
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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.
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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
Rufat
Really pretty shameful that these scammers are spending so much efforts trying to rip off honest people. There are many ways to make money online in any niche and as much as you want BUT,it’s going to require YOU to do some work. This is what they seem to always fail to mention. They want quick money with no effort and by following these unethical and dishonest marketing methods they are just wasting their time and money. But, thanks to such ponzi schemes we have an excellent opportunity to show people the true nature of these ponzi schemes and offer a real opportunity to start from the right place such as Wealthy Affiliate.
Keep up your great work
Scott Newkirk
Hi Rufat,
It’s a shame that these scam artists put in this much effort to rob people of their hard earned money and it makes me sick just thinking about it. This is a prime example of why people are so turned off whenever they hear about online business opportunities. Most people in todays world are looking for ways to make fast money with little to no work or effort on their part.
That’s why programs like Binary Matrix pro are so successful. They always fail to mention that this will take lots of blood, sweat and tears to see any amount of success within the online world. If they are truly interested in building a long term profitable business over time then I would suggest Wealthy Affiliate to them as well.
I do want to thank you for stopping by Rufat and sharing your thoughts with everyone here on this. If you ever need any help in your online business or have any questions for me I would love to help you out.
Cheers
Your Friend, Scott
Neil
Cheers for your review on Binary Matrix, Scott. I’m too with Leo and have ZERO knowledge where stocks are concerned. It just seems like too much risk involved, if you don’t know what you’re doing. I much prefer to build a successful online business which I know will pay off from my hard work 🙂
Your comparison table also goes to show that there’s nothing that Binary Matrix can offer me. I’m with Wealthy Affiliate all the way!
Neil
Scott Newkirk
Hey Neil,
Raul knows that most people out there don’t know much if anything, about the stock market or binary options trading. He lies to you within the first few minutes and the lies only get worse from there. I agree with you that using a proven system like WA will pay off and you won’t be subject to all the risks associated with this program.
Thanks so much for stopping by Neil and sharing your thoughts with everyone here about BMP. They are much appreciated.
Your Friend, Scott
Karloa
Excellent review about Binary Matrix Pro! You really showed why it is risky and you will end loosing your hard earn money
Good job letting people know about all this false programs.
Scott Newkirk
Hi Karloa,
It’s best if these programs are avoided all together. I’m on a mission to expose the truth to everyone. People work entirely to hard for their money to waste it on garbage programs like this one. Thanks so much for stopping by Karloa and chiming in on this discussion. I really appreciate it.
Your Friend, Scott
Peter
To me the stock market is a big gamble and even if this was a legitimate system it would still be very risky.
Software that can tell you what stocks are going to go up or down – impossible! This is yet another program designed to make money for the owners of the system and not their customers.
Thanks for your review Scott, hopefully it will stop some people signing up for this scam.
Peter
Scott Newkirk
Hi Peter,
I totally agree with you that anything related to stocks is a gamble within itself.Whenever you are dealing with binary options trading there is always going to be lots of risk involved. 90% of all the programs out there today in the Internet marketing industry is built on the fact that you will get rich overnight by using software to do all the work for them.
That’s not how it works and It’s my job to lead people into the right direction and show them how online business really works.
This program’s whole purpose is to take money from you, and leave you with nothing. Thank you so much for stopping by Peter and sharing your thoughts with everyone on this program.
Your Friend, Scott
Leo Emery
I know nothing about stocks or how to pick them or anything like that. So I stay away from things I don’t know and have no interest in learning.
And after reading your review I’m glad I do.
But I can see where this program is going to rip off a lot of people.
I hear people everyday wanting to get into the stock market and a dangerous program like this is going to get a lot of people thinking this program can do the heavy lifting for them with little risk.
Especially a program that is just taking their money and not helping them or giving them access to the program – why is this not been shut down?
Unfortunately before it gets shut down (which I hope is soon) a lot of people are going to lose a lot of money, and I know for a fact it’s money they cannot afford to lose.
I truly hope a ton of people see your review and you save them from making a very serious mistake in believing what this program can do for them.
Keep up the great work.
Leo
Scott Newkirk
Hi Leo,
People who know nothing or very little about binary options trading is who this program is targeting. They claim that their secret software that you never get access to can help you pick the right markets to trade with and it picks all the right numbers for you. If there was such a thing (Which there isn’t) then why would they be giving it away for free?
That should make you think there and throw up another red flag. I sure do hope that this program gets shut down really soon. It’s a shame that scams like this has given the affiliate marketing industry a bad name. I’m going to try and get this review in the hands of as many people as I possibly can. People work too hard for their money to have to throw it away on schemes like this one.
Thanks so much for stopping by Leo and sharing your thoughts with everyone here.
I really appreciate it.
Your Friend, Scott