- How To Identify Seasonal Patterns in The Stock Market - September 16, 2020
- The Best Way To Manage Risks in Trading - August 26, 2020
- How To Make Trading Less Complicated - June 29, 2020
We were recently asked by one of our visitors if Simple Profits was a scam? However, we had to investigate to know for sure if it was or wasn’t a scam before reviewing it. So, we decided to put the service and system to the test and present the results to you as part of this review.
Simple Profits raises a number of Red Flags
As reviewers, the first thing we do is to take a look at the official website to see what the system claims to offer. At first glance, it was clear that the official website raised a number of red flags.
The red flags allow us to conclude that it is a program that shouldn’t be trusted at any cost. We instantly detected the website’s pressure tactics which force people into using the service. It is the same tactic used by other scams in our experience.
The Simple Profits website states that it is changing the lives of ordinary people with its program every day. The claim is that it is a system covered by The New York Times and BBC News. But is that really the case?
We wanted to examine their claims to know for sure. After an exhaustive search online and on these two mentioned media outlets we couldn’t find any mention of the system. Both the New York Times and BBC News have never mentioned the service on their official websites. It proves this is a lie.
It is unbelievable that in this day and age scammers are quoting media outlets that can easily be researched and their lies uncovered. If anything we think that the authorities should shut down such websites making wild claims and that too off the backs of well known, reputed media outlets. However, in our experience, the vast majority of people who fall for these statements are starting out.
An expert will never fall for such statements because it runs contrary to their experience. Also, seasoned traders have encountered dozens of scams already which is why they are so well versed in the techniques scammers use.
The statement: ”Limited Spots Available”
The Simple Profits official website states that ”Limited Spots are Available” as part of its sales pitch. But not only is this statement a way to pressure visitors into purchasing a membership, but it’s also untrue. They state that just one membership spot is available. Then they inform visitors that they have just 12 minutes to join before all spots are filled. It is for all intents and purposes a pressure tactic.
Generally these types of statements coupled with a timer is a huge red flag which should be ignored at all costs. However, if you refresh the page or happen to visit it the next day, it’s clear that the spots are still available. The approach used by Simple Profits is not surprising to us because it’s used by other scams as well. It is for this reason why we urge you to avoid it.
Bad Customer Service Is The Least Of Your Worries
If you’ve read any of our previous reviews, then it’s clear that we always prefer services that offer good customer service. We also test the customer service during the review. To start with Simple Profits has terrible customer support. To test the service, we asked them a question and had yet to receive a reply even after several weeks. Most likely they may never reply.
The other interesting thing about their customer service is that they would rather deal with a newbie trader than an expert. We think that’s because its easier to get a newbie trader engaged in a scam than a seasoned veteran. Thankfully, this review is all you will need to steer clear of Simple Profits and other similar trading scams.
Say ’no’ to All Scammers
We are in an ongoing battle with trading scammers of all types. Our reviews are unbiased so that you can take advantage of them to save yourself from being defrauded. So, before you invest ask us to review if we have not already reviewed the website.
We add an increasing number of reviews each month and are here to answer any questions you may have. Plus, we’d like to hear from you in our comments section. If there is a scam, we have not reviewed mention it and your experience in our comments section so that everyone can benefit.
Simple Profits is a bogus trading service which we suspect was created by people who are not even real traders. We say this because if you think about it, all the claims they make are way too outlandish.
As a matter of fact, it should be named Simple Profits scam or fraud perhaps. However, this is not a unique scam because we have seen and reviewed many others like it in the past. We suggest not using this service unless you have money to burn.
Apart from the scams we’ve reviewed, we have also reviewed good services which are not a scam. You can save yourself time and money by using services that are reputed. We can also assist you in finding one a trustworthy service. If anything as expert traders and reviewers we can help you save a lot of time and even money!
- Lack of information
- Website Shut Down
- Terrible Customer Service