THE BANKER PROFIT SYSTEM – SCAM OR LEGIT BINARY OPTION ROBOT?
We are just a few days from the official launch of The Banker Profit System Robot – due to be released on the 13th October. Already our Inbox is inundated with emails telling us that Beta Testers are all agog about the wonders of this Fantastic Robot.
The Banker Profit System is advertised as a 100% Fully Automated Binary Option Software system – that works for you whilst you going about your every day life – and you have to do absolutely nothing but watch it waste away your capital. Already this rings alarm bells of Scam and Fraudulent signals to the BinaryOption Sheriff and we will explain in detail why.
BRIEF OVERVIEW ON HOW THE ROBOT WORKS
Product Name: The Banker Profit System
The Banker Profit System Website: TheBankerProfitSystem.com
The Banker Profit System CEO: Andrew Teegan
The Banker Profit System Cost: FREE
- Your initial investment cannot be less than $1000 – why? Because the robot starts off with a trade of 2.5% of your capital – that is $25 which is the minimum per Trade for most binary option brokers.
- The Robot works on algorithms – and scans the 30 minute charts for an optimum entry in a volatile market and then takes the trade.
- The Robot has about 60% chance of winning the First Trade but a huge possibility of 40% of loosing that trade. If it does, it will double your capital percentage trade to 5% of your capital and this time places a $50 Trade. If this trade is won – here according to Andrew Teegan your chances of winning are over 70%.
- The robot will continue to double the invested capital stake until it wins the trade. Although not true – The Developers of this Robot are convincing the innocent trader that the chances of loosing yet another trade are slimmer with each progressive Trade. This is a load of B.S. since the possibility of loosing trades are unequivocally equal every time.
This system of Trading is called the Martingale Strategy – a highly risky strategy especially if you are starting off with a small capital. It will take exactly FIVE LOOSING TRADES to completely WIPE OUT your entire $1000 account and IT COULD HAPPEN IN LESS THAN A FEW HOURS.
Start Trade a $25 – Trade 1. Next $50 – Trade 2. After $100 – Trade 3. Then $200 – Trade 4. Finally $400 Trade 5 – after that there is no more balance from where your losses can be salvaged. The Power of Compounding is a double edged sword.
It is not just the that The Banker Profit System is a highly risky Robot to operate with – it is the whole concept that just does not ring right. Starting off with the enticing carrot advertising with the semi-professional actor voice of “Andrew Teegan” offering dreams of Caribbean Vacations to the False Testimonials of the Hired Actors. Yes that is correct. The testimonials are from paid actors. Have a quick look at our evidence below:
This is not a real Beta Tester – it is an actor who has been paid a couple of dollars to learn a script and act it out. There is not real hard evidence that The Banker Profit System actually works. For the Binary Option Sheriff this is already conclusive evidence that This Automated Signal Service which completely manipulates your trading account and leaves The Trader no control over his capital is SCAM.
The Pitch for The Banker Profit System works on a fair amount of reverse psychology – warning Traders to Beware of 60 Second Trading because it is gambling and not Trading. Though this is probably the most accurate statement in this pitch – it does not exonerate the developers of this Scam Software from their false statements. Martingale Strategy Trading is as risky as gambling with 60 second Binary Option Trading.
If you are a New Trader and are seriously interested in Binary Options Trading – allow yourself time to understand trading by Trading on A DEMO Account with an Approved Binary Option Broker – use Tools which help you understand what you are Trading such as Option Bot 2 or Mike’s Auto Trader both tools which are Semi-Auto Traders and are Signal Software systems – which allow Traders to retain control over their accounts and capital before it is melted down with Scam Auto Traders such as The Banker Profit System.