Profit Protection is a new software offering innovative ways of controlling your binary options investments. But does Profit Protection really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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Full Review on Profit Protection
With binary options trading, timing is everything. Especially with options with short expiration time. This is a very true statement made by Aaron Youngst, creator of the Profit Protection software that was just introduced in the binary options industry. But is this software a scam or it’s a legitimate system that is not just false promises and empty claims? The following review encompasses our investigation on Profit Protection and the results we got.
Is Profit Protection a Scam?
What left an impression was the claim that Aaron Youngst is a former New Your Stock Exchange Chief Executive. When we searched we could not find any affiliation between said Aaron Youngst and the NYSE. This is the first huge warning sign that led us to believe that Profit Protection might be a scam.
Profit Protection is a fairly new system and our investigation depends entirely on what we found ourselves and the scarce users’ feedback. What we found was predominantly complaints and negative opinions. This makes us think that Profit Protection has already proven itself as an unreliable binary options trading software. Our advice in this situation would be for you to consider tested and proven to work alternatives with good reputation in the industry.
What is Profit Protection Software?
Profit Protection is a fully automated binary options robot. It promises traders to generate between $3,150 and $7,541 per day, or up to $85,000 per month. If we are honest about this claim, we should say that it is unrealistic and far-fetched. Few are the systems that can actually deliver such results. And Profit Protection has not been proven to be one of them.
On the other hand, traders are promised a win rate of 84% which is achievable. But it is still not proven to be true. Since the Profit Protection software is so new, there is no guarantee that it will deliver on its promises. Our experience in the binary options industry dictates that it won’t.
How Does Profit Protection Work?
The main purpose of the software, and what is presented as its advantage, is to protect your investment decisions from the so-called High Frequency Traders. HFT servers are capable of intercepting the signals from your traders and slow down the execution which might result in losses. And like we said at the beginning, timing is everything when it comes to trading binary options.
But the explanation we get about Profit Protection sounds almost fictional and it is very hard to believe it. The binary trading software supposedly comes with an encryption you get on your trading account that is supposed to be more special than the usual one, applied by every software.
How to Get Started?
To sign up for Profit Protection is free of charge. You get assigned to a broker of their choice and you have to fund your trading account with at least $250 in order to be able to start trading. However, according to the video in the members area, you have to pay 1,1% monthly fee to continue your subscription.
As it was explained by the creator of the Profit Protection Software, Aaron Youngst – if you make $25,000 this month, you will have to pay $275. If you make more, you will have to pay more. But if you make less, you won’t have to pay anything.
Final Thoughts on Profit Protection
In our trading experience, we have come across more reliable and definitely legitimate binary trading systems. We think that Profit Protection is not a good solution for your trading needs. You can find much more trustworthy binary trading bots out there which are not going to apply a 1,1% fee on your profits and will be truly completely free of charge. In our opinion, you should opt for a binary options robot like that and pass on the offer made by the scam that Profit Protection is likely to be.
Our investigation team conducted a comprehensive investigation on Profit Protection to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Profit Protection is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
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.