Blog Archives

BinaryMatrixPro SCAM! Don’t say I didn’t warn you!

It came to my attention that a new scam just came out, under the name BinaryMatrixPro. On first glance it looked like a well designed website..but you have to ask yourself “If all the efforts are going to the marketing aspect of their service, perhaps this is all there is to it?” since we’ve seen this with so many binary options “get rich” schemes. Luckily the WatchDog receives many emails from traders who are testing these different software and services and the news gets around quickly, especially when traders are getting scammed left and right.

martixpro

The Binary Matrix Pro works… but only in the Matrix”© quote by WatchDog

Now let’s get serious about this review for a minute..but before I do, it doesn’t really matter what I write.. In a matter of days, you will see the comments below this review and get the inside story by traders who are using or have used this system. I don’t intend on using it because I do believe what traders report to me, I don’t see why in one week 10 different traders would be lying and suggesting that the Binary Matrix Pro is a scam if it wasn’t the case unless of course everyone decided to conspire against WatchDog and feed him with lies! That’s probably not the case.

BinaryMatrixPro.com – So why am I absolutely confident they are a scam?

Fake Performance: BinaryMatrixPro.com advertised a performance results that trail back to 2013 , are you kidding me? So why based on Alexa.com it clearly shows that this website was created less than a month ago? Is Alexa.com lying? The truth is that BinaryMatrixPro.com just came out a couple of weeks ago and they are spamming the internet with promos on Facebook groups, forums, email scam and any type of marketing to drive traffic to their website. The performance should be enough to call it off! Let’s be clear, Binary Matrix Pro didn’t exist before February of 2014. It’s a fact.

Duplicating existing scams: Here is something interesting, notice how Binary Matrix Pro looks very similar to Profit In 60 Seconds which is another big scam I reviewed before. They probably hate me and they should..Anyway, I suspected they are involved with each other and my suspicion was legitimate. A few traders reported that they received emails from the same addresses of the staff at Profitin60Seconds. They could at least change some of the emails when they lunch the next scam.

bonustrap

I almost forgot to mention the obvious bonus trap, where they get you “free money” by helping the broker lock your account and prevent you from being able to withdraw your funds until you meet the insane bonus restriction.

Let’s sum it up! You are not going to make money with this service and you are better off trading on your own instead of going through this ‘waste of time & money’ experience and don’t be fooled by the free trial because you will still be required to deposit money with one of their brokers only to be disappointed with the end results because the results on their site are beyond any reasonable doubt… FAKE!

I don’t mean to discourage you, binary options can be exciting and profitable and there are good signals services who will earn your trust and work to retain you as a long-term customer by providing you with a realistically good performance. I don’t intend to use this review to promote other services but if you are looking for one, checkout Watchdog’s approved binary options signals.

Please comment on this article and share your experience with BinaryMatrixPro because people are dying to know if it’s legit or now, I don’t expect everyone to take my word for it but if you’ve been scammed by this service or if the service failed to meet their advertised performance, let everyone know so they can avoid doing this mistake. For some traders, losing $200-$300 is more than they can afford to lose so remember those people and help spread the word around! Let’s put these shitheads out of business.


Trusted Brokers

Enter your email and receive the latest Scam Alerts and Binary Options news by WatchDog!

Join 1,134 other subscribers