My Profit Formula is a SCAM!

Megan Sanders’ My Profit Formula App is one of the lowest and dirtiest binary option auto traders currently making the rounds. It is also one of the newest such “initiatives”. Why do we consider it a step below the rank-and-file scam on the despicable scale? Because it’s built its selling point around fake charity. That’s right: in order to create a sort of semblance of legitimacy, and to divert attention from what they’re really after, the My Profit Formula scammers state that they’re involved in all sorts of charitable work, with money taken from the profits generated by their traders. They say that in order to be accepted into the program, every one of their victims clients is required to donate at least 5% of his/her profits to the charities they “support”. People who get involved with these crooks will indeed be donating alright, just not to any sort of charity, but rather to the purse of the crooks and the unregulated brokers they’re partnered with.

In reality our My Profit Formula Review is not necessary, as clearly this fake Megan Sanders played the same role for another scam we previously exposed titled Charity Profits and you’re welcome to read into it and verify this. If you need no more evidence, scroll down to the bottom and check out our recommendations instead of wasting your time and money. This is nothing but a pointless hoax and you’re bound to lose your entire investment!

myprofitformula

MyProfitFormula.net aims to be a different sort of scam. Its creators have obviously gone through trouble to break the usual mold, thus hoping to stave off instant detection. In the process though, they have committed several glaring mistakes…it all comes with the turf when one is trying to build up a supposedly sophisticated and convoluted web of lies, of the sort they’re nursing here.

So what exactly do we have on our hands here? First of all, this scam is promoted by a woman. That’s not exactly an original twist, as it has been attempted before, feminine charms thrown into the middle and everything. Still, not many scammers have thus far used actresses, but these guys have managed to pull “Megan Sanders” out of somewhere. She ends up doing a decent job, despite the fact that sometimes it’s quite obvious she’s reading her lines off a teleprompter.

The first major mistake, which instantly blows any shroud of seeming legitimacy away from the scam, is the script. Scammers really do not seem to be able to get this part right. Megan Sanders sells us not one, but two intended tear-jerkers, which end up walking all the way down the path of ridicule. First of all, she tells us how she used to work for Deutsche Bank in New York, where she was a financial analyst, who worked with various advanced algorithms to generate tens of millions of dollars for her employer. Her My Profit Formula App is apparently made up of the algorithms used by her at Deutsche Bank. Now that cannot possibly be true. If it were, Deutsche Bank would’ve long sued her for every last penny she had. This is the explanation that we get in regards to what makes her software tick. She doesn’t go into any specifics, because who cares? Right? As proof, several hired actors are shown, who extol the virtues of the software Sanders is pushing. Among these short video-bits, various photos of purported “users” are shown, of whom we instantly recognized a guy who took part in another scam some time ago, where he played a lead programmer or something to that extent. Such tiny but significant details really ruin the perverted “charm” of the scam.

Megan Sanders true selling point – the angle to which she dedicates the most time in her promotional video – is a tear-jerking fake story of a supposed trip to Africa she took while working for Deutsche Bank. On this trip, she apparently had a first-hand encounter with extreme poverty, an experience which left her profoundly changed and willing to actually help other people. This is the lead-up to the charity angle of the scam. The cringe-worthiness during this stage of the video reaches epic proportions. As Sanders walks into her office for her typical “day of work” there’s a whiteboard on the wall, on which the sums generated by her “clients” for various charities (fear not, there aren’t any specifics given in this respect either), are very visibly written. Another actress pretends to be working at a computer nearby, as Sanders delivers her sob-story. At one point, she gets up an she wipes off the old numbers to update the board with the new ones. Needless to say, we’re talking sums in the range of a million dollars for every one of the causes MyProfitFormula.net allegedly supports. They don’t stop there though. The cringe-fest continues as a uniformed person takes the screen to thank her for her donations to the veterans – we’re pretty certain there’s at least a lawsuit or two in this whole “effort”.

Along the way, as she promises that her clients will all earn around $4,000 per day, Sanders attempts to break out of the scam mold again, only to spring a major trap for herself and then to walk right into it. My Profit Formula – she says – isn’t like the other scams out there, that try to induce urgency by stating that they will only be available for a limited time/to a limited number of people. My Profit Formula scam is available for everyone, in fact, everyone is encouraged to bring others into the fold. If that were true, it would take about a year for the whole of the US to learn about it and to start using it. Who would work then, if people could magically conjure $4,000 every day without an effort? The country would collapse, and so would the entire global financial order, as money would lose all value among other similarly spectacular economic calamities. Yes, the limited-time deal angle is a badly beaten-up dead horse, but it actually makes some sort of limited sense.

The website used for the promotion of the scam is yet another mold-breaker. While it’s made to look simpler and more appealing, without the suspicious bells and whistles, it’s actually on the domain name of another expired scam. This is a new low as far as we’re concerned. Scammers have apparently seen no point in tossing out a perfectly good domain name, even though its original scam had long kicked the bucket. The bottom line: MyProfitFormula.net stoops very low indeed. It is in fact scraping the bottom of the barrel. The charity angle is living testimony to the fact that these people won’t stop at anything to swindle others…

Review Verdict: My Profit Formula is a SCAM!

blacklist website – MyProfitFormula.net

Viral scams promoted by email spammers you should avoid:

Quantum Code, The Cash LoopHole  and Dubai LifeStyle

For help with disputes, complaints and other matters concerning online trading, we invite you to contact us directly at BinaryoptionsWatchdog@gmail.com and we’ll be happy to assist you at no cost. We also create an alphabetically organized blacklist listing all the scam sites we exposed in the last years and, located at the top menu of our site.

Visit Watchdog’s Binary Options Signals page, for other credible alternatives!

In a previous reviews, we teamed up Paul who posted  live ITM results of the Swarm Intelligence software. If you are interested to try the software, we recommend that you first take a look at Paul’s S.I. Live Performance review! He covered all the important tips you should know before you start. Be sure to subscribe to Watchdog’s Blog for all the latest industry news and updates. Good luck with your online trading journey and stay safe!



2 comments on “My Profit Formula is a SCAM!
  1. James says:

    Thanks for the warning about this crazy re-branded scam. Will be avoiding this and charity Profits

  2. Mohd Najib Mohd Amin says:

    so they come again for another fairy tale story!..i hope people out there always be alert about these BS scammer!..please avoid this my profit formula software guys!..thanks once again watchdog for another crucial review!

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