Private Profits Club Review

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Private Profits Club Review

An automated robot offers the opportunity to trade on the binary markets without needing to be sat at your computer. In general they will allow you to establish your own parameters and then it will trade on your behalf. The Private Profits Club is one system that operates in this way. These are generally very popular with new traders who do not yet fully understand the market. However, this lack of knowledge also makes them susceptible to the many scam artists within the industry. Read on to find out if the Private Profits Club is genuine or not.

Private Profits Club – The Facts

The minimum deposit to get started with the Private Profits Club is $250; an industry standard. The actual software is free and provides an 85% rate of return. However, there is very little information concerning the Private Profits Club; its developers and the technique it uses to generate good returns. In addition, it only uses unlicensed brokers; which always suggests there is an issue.

To illustrate the lack of information you will find that the Private Profits Club was started by Mark; there is nothing else about him!

Using the Private Profits Club

This is exceptionally simple. You register on the Private profits Club site and then follow the link to your appointed broker; who is not regulated. Once you have created a trading account you can add your initial funds; $250 is the minimum. There are several settings which can be adjusted to ensure the trades match your risk level. The Private Profits Club will then monitors the markets locate profitable trades and complete the transaction on your behalf.

Summary– Is Private Profits Club a scam?

Yes, it seems highly likely that Private profits Club is a scam. There have been many complaints over the service; in particular the inability to access funds and an inability to provide the expected profit level. Combining this with the lack of attention to detail should tell you that it is not worth committing to the Private Profits Club.

Private Profits Club Review – Scam Costed Me $250!

Private Profits Club is yet another binary trading software scam that promises to make its members huge profits, but don’t be fooled. I’ve had multiple readers who lost at least $250 deposit to Private Profits Club scam within 24 hours.

If you are still hesitating to fund your trading account, make sure you read this Private Profits Club review first. I’ll reveal all you need to know about the system, and why you should invest your money somewhere else instead.

Name: Private Profits Club
Name: Chrono Trader
Website: privateprofitsclub.com
Owner: Mark Adler (fake identity)
Price: $250 min. deposit

Legitimate? NO, IT’S A SCAM
( full list of all reviewed scams)

Bite-sized review:
– Actors are hired to record video testimonials
– The founder is fabricated with stock photo
– Trading account of victims are depleted within 24 hours
– The software makes money from your trading losses

Private Profits Club Review

Typical sales pitch of a get-rich-quick scheme

The alleged owner of Private Profits Club, Mark Adler guarantees that you’ll make hundreds of thousands of dollars in the next 30 days (screenshot above), or he’ll pay $10,000 to you out-of-pocket.

This is a typical red-flag for online scams, where they make over-the-top promises. As a rule of thumb, be extra skeptical when an online opportunity sounds too good to be true.

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Private Profits Club checks all these boxes, considering what it is promising.

  1. Automated software that generates huge daily profits
  2. No work and experience needed
  3. Free to get started
  4. $10,000 paid to you if you don’t make profits with the software

All of these characteristics point at an obvious fraud. Here’s what happened to one of my readers who unfortunately fell for Private Profits Club scam:

Email from my reader who lost money to Private Profits Club

This is consistent with the experience of my several other readers, where they reported losing $250 and $300 respectively within 24 hours.

There are many other binary trading software scams out there, and chances are you will encounter more of them in the future. Fortunately, there are ways to spot these scams without having to pay for it.

Private Profits Club Scam Uses Fake Video Testimonials

Fiverr spokespersons were hired to record fake testimonials

I’m sure you remember the video testimonials shown at the beginning of their sales video, where “members” of the system claims to have made huge profits from Private Profits Club.

Unfortunately, none of these testimonials are real. They are all actors and actresses hired from a freelancing website, Fiverr.com for a fee. These semi-professional spokespersons sell fake testimonials for a living.

Gig description for this Fiverr actor

Let’s take a look at the gig description of this actor. He provide a basic testimonial for as low as $5 per 50 words.

Not only that, clients must provide him with a script, where he reads as if it’s a piece of real testimonial.

In this case, the scammers behind Private Profits Club provided a script and hired this Fiverr actor to pretend that he has made money from the software.

What you see in the video wasn’t a real testimonial. This Fiverr actor was just reading the script provided by the scammers. He has never used the software, much less profiting from it.

I’ve done the background check for all the members featured in video testimonials, and every single one of them turned out to be a Fiverr spokesperson.

I do not condone or condemn the act of buying and selling fake testimonials, but I want my readers to be aware of this – that fake testimonials can be bought from the internet extremely easily.

Besides, if there are real members who are satisfied with the performance of the software, Private Profits Club wouldn’t have to buy fake testimonials to promote the scam.

The Founder of Private Profits Club is Fake

Even the founder of the software is fabricated

Below the sales video, we can see the profile for the alleged owner of Profits Private Club, Mark Adler.

As usual, I’ve done a background check for him and realized that his photo was purchased from a stock image vendor called gettyimages (screenshot above).

Stock images are royalty-free images that can be purchased by anyone from the internet for advertising purposes. Once you buy the photo, you can use it anyway you like without copyright issues.

Apparently, the scammers behind Private Profits Club bought the photo and fabricated the fake identity of “Mark Adler” for him. There are many other website that use the same photos with different identities.

In fact, there is no founder for Private Profits Club system. It is just a generic binary trading software that generate random losing trades for its users.

To make the software appear more legitimate to victims, the scammers fabricate fake members and a fake founder, just like what we see above.

Don’t be deceived by these common scam tactics. No one is making money with the app, as evidenced by the huge losses of my readers.

How Does The Scam Make Money Off You?

Victims are redirected to Chrono Trader

If you decide to sign up for Private Profits Club app, you will be redirected to another joint scam called Chrono Trader in their member’s page.

After that, you are required to open a new broker account with their partner brokers, which are unregulated by monetary authorities.

Once you fund your trading account with at least $250, the software will be activated to generate automated trades on your behalf.

However, it is just a generic binary trading robot that make random trades for the users. Victims typically lose all their deposits within hours of activating the software.

The losses are pocketed by the broker, which is then shared with its partners-in-crime – the scammers behind Private Profits Club and Chrono Trader system.

In the end, internet users like you and me become the sole losers in this complicated fraud, while the scammers make a handsome profit with our trading deposits.

So, Is It Possible to Make Money Online?

PRIVATE PROFITS CLUB IS A SCAM. I strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.

You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.

If you want to make money online, there are much better alternatives than trying your luck with binary options:

Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!

7 Binary Options

Marcio

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Over the last couple of years, there has been a proliferation of automated binary options trading software or trading robots as they are sometimes called. This kind of software is especially popular among beginner traders since they lack trading experience and this kind of software is supposed to make trading even easier requiring very little human intervention to trade the markets.

Unfortunately we do not live in a perfect world and as binary options trading robots are becoming more and more popular, we also get unscrupulous individuals or companies coming out with trading systems that are designed to scam you out of your hard earned money.

To help our readers avoid getting scammed by these unscrupulous people, we conduct in-depth reviews of any new trading robot software that comes on to the market. Hopefully with the tips and information that you get from reading our reviews, you will be able to avoid getting scammed. So today, we are going to take close look at a newly launched binary options trading software called Private Profits Club. These guys have claimed that you can “…make hundreds of thousands in the next 30 days”. So are they a scam or are they for real? Read our in-depth review about them to find out.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: 85%
Minimum Deposit: $250
Countries: All nations

  • Free software
  • Affordable Minimum Deposit
  • Lack of information about the software
  • Unregulated Brokers
  • Unknown Developer

7BO Verdict:

Not Reliable Service

What is the Private Profits Club

Also known as the Chrono Trader, Private Profits Club is a binary options trading software that was developed by someone called Mark. No other information about the developer exists apart from his first name. Everything about this trading system seems hush hush and that is a very big red flag.

From the marketing materials that we could get our hands on, Private Profits Club is a 100% automated trading software that claims to be able to help its users make more than a quarter million dollars every month! No trading experience or knowledge is required on the part of the trader. With the automated software working, you don’t even have to lift a finger.

How does it work?

So how do you get this software and how does it work? Well, apparently you need to sign up for an account with their affiliated brokers, which by the way are unregulated. This is another red flag that we noticed. Brokers which are regulated will never jeopardize their license by associating their company with questionable trading systems. With unregulated brokers, it is an entirely different matter since these brokers have nothing to lose or fear.

After you have signed up with one of the recommended brokers, you are then required to make a minimum deposit of $250. Next, you have to let the trading system place the trades based on the parameters that you have set into the system. From there onwards, everything is entirely automated. All you have to do is sit back and watch the money roll in! At the end of the day, it is supposed to help you trade the market quickly and efficiently leaving you free to do other things.

Final conclusion

From our observations, we noted that there have been a lot of complaints on the internet about the Private Profits Club trading software. First, the software failed to deliver the profits that it has claimed to be able to do. Secondly, many users of the software have complained that once they have deposited the required $250 minimum deposit, it is near impossible to withdraw their money from the broker that they signed up with.

Our conclusion at the end of our research is that this software is probably a scam. First of all as we have mentioned earlier, the developer is unknown. You just can’t help but wonder about all the secrecy surrounding the developer. Furthermore, there is practically no technical information explaining how the software actually works. Most the things that we know about this trading system are mostly based on marketing hype like claiming to be able to make hundreds of thousands of dollars within a month. And in our all experience in reviewing trading software, we have never come across any automated trading system which has been able to generate the amount of profit as claimed by Private Profits Club. Our recommendation is to avoid signing up with Private Profits Club as you are more likely to lose money than earn a profit.

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