There are many binary trading systems that try and take advantage of a particular political or economic situation. One of the newest examples of such a piece of software is the recently-released Electoral Profits App created by Daniel Walters with the supposed purpose of helping people take advantage of the American Presidential Elections that will take place on the 8th of November.
The automated investment robot can allegedly generate users a solid and easy $6,500 per day with just a couple of mouse clicks. However, on the official website of the software it is stated that the payouts can reach as high as $10,000.
There is further evidence suggesting that Daniel Walters might not even be a real person. This is why, we decided to perform further investigation into the binary options system and our results are presented in the review that follows below.
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What is Electoral Profits App?
Creator of the binary options software Daniel Walters states that it is available for free for a limited number of people. The overall spots are 50 and the first 20 will receive a special bonus of $40,000. He goes on to issue further claims that the system ensures an automated income 24/7. The man was, according to his very own words, a political analyst for a major tabloid.
He had some shady connections and even favored a some very powerful friends, the biggest of which was for a mayor of an unnamed city who was pulling funds from a hospital to purchase a yacht.
In the end, a friend of Walters’ daughter died because the hospital got closed and he changed his mind. Users should keep in mind that our investigation was unable to identify a popular journalist going by that same name.
There is a very high likelihood that his entire persona is fabricated as his image is not shown in the promotional video, only a robotic voice.
Whenever a creator of a binary options system refuses to show up in the ad clip, there is a very high likelihood that the whole software is dubious and a probable scam. There is no other reason for a prominent businessman who has already given out his name to the public to refuse to appear in the video.
How Does ElectoralProfitsApp Operate?
Users are never presented with further information on how exactly does this profit-amplifying solution work. All that we could find out is that he got introduced into the strategies and methods it applies by a friend called Luke – a financial analyst and a prominent blogger dealing with market predictions.
Nonetheless, there is no additional data as to how exactly does ElectoralProfitsApp work. It can supposedly make best use of the forthcoming Presidential Elections, but there are no clarifications as to how exactly it is going to increase the average trader’s profits.
Is ElectoralProfits a Scam or Legit?
From what we were able to find out about this binary options robot, we can assume the position that it is dubious. It is brand new on the online market, so, it still has a slight chance to prove itself. However, the odds for this are not very high and it should be regarded as a possible scam.
ElectoralProfits is certainly unreliable and it would be best for users to avoid using it as an income-generating solution. There are far better systems out there.
Our general conclusion would be that Electoral Profits App is not worth the attention and time of Internet investors. Not only does it not have a proven success rate, but we were not capable of finding out exactly how does it work. This is why, we consider it a scam.
Anyone who has ever considered opening an account with it, better refer from using it and turn to a proven to be reliable, legit and safe profit-amplifying system.
Our investigation team conducted a comprehensive investigation on Electoral Profits to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Electoral Profits is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
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I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.
References & Further Reading
2. An anatomy of trading strategies (Jennifer Conrad, Gautam Kaul – The Review of Financial Studies, 1998)
3. Pairs trading: does volatility timing matter? (Nicolas Huck – Applied Economics, 2015)
4. Trading Systems (D. J. Jourbert, A. F. F. Mason – Investment Analysts Journal, 2015)
5. The impact of day-trading on volatility and liquidity (Jay M. Chung. Hyuk Choe, Bong-Schan Kho – Asia-Pacific Journal of Financial Studies, 2009)
6. Markets for risk trading (Edwin H. Neave – Financial Systems, 1998)
7. Generating stock trading signals based on matching degree with extracted rules by genetic network programming (Shingo Mabu, Yuzhu Lian, Yan Chen, 2010)
8. Commodity futures price prediction and trading strategies: A signal noise difference approach (Jinhao Zheng, Shoukang Peng – 2013)
9. The new global trading order: The evolving state and the future of trade (Dennis Patterson, Ari Afilalo, 2010)
10. Fundamentals of signals and systems (Philip D. Cha, John I. Molinder, 2006)