Name: Bin Boom
Price: “Free” with a catch
Rank: 0/100 – Scam!
What Is It?
Bin Boom, also known better as Binary Boom is an online marketing system that claims to help you profit in the binary option market. In short, it is a system that uses and offers an “Automated 60-Second Binary Profits” robot. There are many similar online marketing systems to Binary Boom, but whether it is actually legitimate, is definitely questionable.
How Much Is Bin Boom?
The Binary Boom automated trading system is claimed to be offered for free, initially. That is, you’ll have to deposit a $250 minimum, just to activate your account.
This is the first sign that Bin Boom is indeed a binary system scam. By claiming to give you free access at the push of a button, without any credit card payment, raises a lot of skepticism.
How Bin Boom Works?
Binary Boom system works by automatically using your deposit to start making live binary trades. Essentially, its automated 60-second binary robot goes a long way to claiming that it can foretell and predict in which direction a trade is going to go. Therefore, in doing so, you could make a more accurate call, and win more trades.
Despite the number of online marketers who push the legitimacy of systems like Bin Boom, there is no “Verifiable Proof,” this works in anyway. As a result, everything shown on the systems homepage can and should not be trusted.
Nonetheless, when you scroll to the bottom, you’ll notice it shows a variety of trades that continually try and prove the consistent wins of $8.00 in profit. These however, are in no way real, and are simply pre-set trades that are automatically posted every minute or so, and have no affiliation with the real binary trades that are occurring.
Furthermore, the number of consumer complaints surrounding Binary Boom and other very similar marketing schemes, have just added to the proof, that no actual system can tell in advance in which way the market trade will go. If that were to ever happen, then realistically, the binary option market would not be in profit. And as a result, would not be operating.
Thus, the chances of winning and losing are the same. But the chances of losing money on a bet happen to be even greater. Simple reason being that, you only win 75% of your total deposit on the trade, and lose 100% for each lost trade.
Why Bin Boom Is a Scam?
Binary Boom is a scam because the owners of todays many binary marketing scams create these systems for the sake of their own profits. The way this works is they become your assigned trading broker the minute you activate your account through your required minimum deposit.
This in-turn makes them eligible to make a commission off each and every one of your trades, regardless of whether you win or lose.
Bin Boom Overview
In my time of online marketing, I have researched and reviewed nearly hundreds of these types of binary option marketing scams, and have learned one important lesson – Never trust them!
In-fact not a single one of these schemes have proven to offer anything value, or anything unique. I believe this has to do with the fact that the binary option market is really nothing more than your average ‘legal’ form of gambling. Thus, no matter whether you use the system or not, your chances of winning remain the same, 50/50.
Furthermore, I have also helped hundreds of individuals, teaching them how to earn a legitimate online income, without having to risk or put any of their money on the line. I can’t recommend going this route enough! To see my review, click here.
Thanks for reading this Binary Boom Scam Review, and if you have any comments, questions, or concerns, feel free to leave them below.