Is Verified Profits a Scam?

Verified Profits promises very high and quick profits to traders. But does this Binary Option Robot really work or is it a Scam?

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Our Robot Testers made a research of Verified Profits and found out that this binary options robot does not rate highly in Google Trends and there is no significant data about them. (see the graphs according to Google Trends below). As an alternative we have selected our Top Safe Binary Robots along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that Verified Profits is safe. You can Continue to Trusted Robot Site OR Choose one of approved and safe trading applications:

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Verified Profits Review

verified profits 2Verified Profits is a binary options trading robot that offers huge guaranteed profits with minimum investment. This auto trading system and it founders claim that it generates from $600 to $10 785 per day. There was no evidence to prove that, when we conducted our thorough investigation.

There is a video that starts when you open their website and could not be paused or stopped, which raises a red flag. It starts off with the head programmer of Verified Profits – Daniel Walker, claiming that the initial round of beta testers were making a consistent profit of $600 to $4 000 a day. There are also video testimonials from traders with no previous experience who say that they made big profits trading with this system, but we cannot support these testimonials with any real proof. Below the video, there is a chart with how much profit has each beta trader made up until now. One of the traders has made a profit of $1 084 098 for less than a year, which seems highly unlikely.

Verified Profits Scam

When we researched Verified Profits, we read a lot of complaints and negative reviews online from traders, who have tried trading with this binary robot. We can never be absolutely sure whether or not these negative comments are legitimate, but we did not find information to confirm that this robot is 100% safe and legitimate. We would recommend traders to make their own research, since there are a lot of other automated trading systems out there. We advise you to be use caution and choose a binary robot that has proven to be a safe and reliable one.

The other thing that raises a red flag is that Verified Profits claims to be the only 3rd party independently verified software, but it does not day anywhere who is the 3rd party verification company. Also, on their website there are four awards, such as “Customer Care Excellence” and “Top Profit System of 2015”, but there is no information whatsoever about who awarded them or what requirements they have met in order to receive these awards.

In order to start using Verified Profits, you will have to open an account with a binary options broker. Their website leads to a broker, which is not licensed or regulated by any regulatory institution. It is always recommended to trade with a legitimate and regulated binary options broker, so you can be sure that you will have a safe experience when trading with them and that your money will be secure.

Verified Profits System

Verified Profits system was launched on August 3rd 2015, but they say it was in development for over 10 years and they have been testing it for the past year. It has two options you can choose from, which are Auto trade and Manual trade. In manual trade you decide when and where to make a trade and it is stated that this is suitable for more advanced traders. The Auto trade runs on autopilot and places the trades for you, they say is perfect for novice trader and can make them big profits with zero experience required.

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The system is currently free and in their video Verified Profits claim that it will be free for a limited time and after that the price will be a 5-figure sum. Right now traders can sign up to be beta testers for the system and they will only accept 20 people to test it, before releasing the paid version, which is a scheme we have seen many times.

The company’s CEO Simon Young claims that this system has a unique algorithm, which he himself developed and could not be used on any computer up until 2014.  You can see on their website that traders made profits of up to a million dollars in less than a year on auto pilot with no experience whatsoever. This looks a bit suspicious, but we will leave it up to you to decide how credible that looks.

Verified Profits Results

In their video Verified Profits’ creators claim that the traders who used this software were making at least $28,000 per month trading on auto trade. Some of them even made a million dollar for a period of only ten months, and none of the beta traders had a single losing day.

verified profits trades

Upon our full research, we concluded that we could not prove any of the claims that Verified Profits promises. Our advice is to be cautious and research some more, before you choose a binary options robot to trade with. There are so many auto trading systems, which are less risky than this particular one.

Conclusion

high_risk_stamp_top10_BRAfter making a detailed investigation our team came to the conclusion that there are better binary robots to trade with than Verified Profits. We cannot confirm whether Verified Profits is a scam robot or not, but upon investigating we found a lot of traders’ comments and complaints about the performance of this binary options robot and we don’t have confirmation that it can achieve the profits advertised via email.

We recommend you to Continue to Trusted Binary Robot and avoid scams by choosing a High-Rated and Trusted Robot on Top10BinaryRobots.com

 

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