Latest posts by Marcio (see all)
- IQ Option Adds 12 All-New FX Options, 2 Trading Tools and Technical Indicators - March 7, 2019
- 5 Interesting Currency Pairs to Look into in January - January 2, 2019
- Bitcoin Drops Over 12% Of Its Value In Just 24 Hours - November 29, 2018
Profit Shield is another scam software which is worth exposing in this review. Anyone who is considering signing up to the service should read this in-depth review. After watching the video narration and reading this review, there will be no doubt in your mind about the authenticity of the software. If anything it is a false system with the purpose of extorting money from newbie traders.
Right from the get go you will discover that just about everything about this software is a scam. The domain name itself i.e. Profitshield.co, starts with the name ’profit’ in it, but it’s a deceptive term because investors will never make a profit. As a matter of fact, they stand to lose every penny.
We were at first confused after watching the video narration. To start with the video does not say anything about how the Profit Shield System works. In their effort to market a robot that does not work, they have in effect rendered people confused.
The main reason for a confusing video though is that the people behind it know nothing about binary options trading. They are merely advertisers who were paid to produce a promotional video for a product they knew nothing about.
People who were conned by the software, and purchased it thinking they had this once in a lifetime opportunity are now regretting it. The vast majority of people were deceived by these fake positive reviews which talk about making millions in months. We strongly advise readers to search for and read credible reviews that provide accurate information about the software before they invest any money. That’s the only way to be safe.
The Profit Shield App is nothing but a waste of your hard earned money something that many people who have used it will testify to. Once you have read through this comprehensive review of the scam, there will be no doubt in your mind that this is fraud at its very best.
We went through the entire video and read the whole website. Though the only thing we could understand is that Profit Shield is a binary options trading software that operates on some sort of sixty-second cycle.
If anything, that too is a fraud. Like other similar scam software, they are targeting newbie traders. The thing to keep in mind for anyone who finds this system attractive is that there is no such thing as easy money. So, any system that promises free money like the Profit Shield software is, in fact, a fraud making bogus claims.
Proof of Profit Shield System being a Scam
Once we watched the video and heard the narration, it was clear that Profit Shield was misleading people with false claims. At first, they assert that the authorities are chasing them for revealing this great money making secret which isn’t true. These types of stories are only used to deceive people who think that the system is rigged against them.
The binary options industry is a global marketplace, and so it’s not controlled by any one government or financial institution. So, it’s a huge lie when they say that the website is going to be banned because they are some sort of modern day Robin Hood, whose making people rich and the authorities want them because of it.
Avoid the Instant Rich Scam
The other aspect of this scam is the questionable mention of it helping people become rich quick. The narrator of the video claims that he made eight hundred thousand dollars in just a year. We are surprised as to what stopped him from saying that he made a million in a couple of months?
Perhaps they have learned a few lessons from the criticism received from reviews of other systems in the past. It is a fact that the Profit Shield is a scam because it is simply impossible for any system to make the type of money that’s claimed by the creator.
We were not able to find any software in the years of reviewing binary options systems that can make this type of money. Binary option is a global market, and so it’s near impossible to predict the outcome of a commodity or item. It is, for this reason, we are very skeptical that the software can do what they are claiming.
Is Profit Shield Software Free?
It is certainly not free! Free would mean that you can use the software robot without having to spend any money. However, despite claiming it is free when you try using it, they say that you need to fund the live trading account via a broker of their choosing.
So, even here you don’t have a choice and are forced to choose a shady broker. If anything this is a scam, not only because the software is not working as it should but also because they are using typical bait and switch methods.
Bad sales video presentation
When you see the software for yourself, it leaves no doubt. You will be automatically convinced of every word they tell you. But when it comes to Profit Shield the video presentation is at best inconsistent; it is like they are saying many different things without getting to the point. It begs the question if the person whose narrating the video knows anything about trading and the software.
They make it look as though the software will make money using some kind of brute force method. Any trader will tell you that making money by trading financial assets will require spending time studying the system. You’d also need to be familiar with the various indicators and the analysis required. Though this isn’t the case with the Profit Shield robot.
It is pretty clear that the narrator of the video has gathered information from various sources across the internet and included them in the presentation. Also, the narration does not talk about the financial assets industry and market which is an important part of the software. We were left wondering if the presentation was actually describing trading or some sort of market hack. If anything the video seems disconnected from reality.
According to the creators of the tool, anyone can make money irrespective of their market knowledge or the investment industry. Again, this is a deception on their part. How can anyone make money using a system, in an industry they have no clue about?
We think that the software was meant to deceive newbie traders. Anyone who is trying to make money without putting in any effort would perhaps fall for these claims. Though they will end up losing all their money to the scammers as a result.
Fake reviews, claims, and testimonials
The testimonials section is a joke. But it’s a crude joke laden with lies. Profit Shield is a scam, and so anyone who says something to the contrary is being deceptive. However, many of them are probably getting paid to be deceptive. We conclude that the testimonials, reviews, and claims are all fake.
It is probably clear to anyone and everyone reading this review that Profit Shield is fake and so it shouldn’t be trusted unless you want to lose money. There is no shortage of APPs and systems which can help you make money trading online and which are not a scam.
However, you’ll not make millions in months or even a few years. Trading has inherent risks, and so there is always the chance you will lose money. We have a complete list of reviews for binary options trading software and tools that are not scams.
- Bogus Claims About Encryption
- No Proof Of Any Earnings
- Uses Shady Brokers