There have been quite a lot of binary options trading scams going around lately. Personally I’ve heard about the Brit Method before quite some time ago but it never really entered my radar until I clicked on it’s ad lately while browsing the web.
I’ve read reviews about it before suggesting that it was a scam, and there are other “methods” out there but today I’ll be taking a closer look to decide if the Brit Method is indeed a scam or not.
Let’s start with the promo video
The video starts with some testimonials telling you how great the Brit Method is, after that the creator, someone named Jason Taylor comes out and tells you that it is “100% completely free” !
Heck, he even guarantees to give you £10000 if you don’t make any money, quite a bold claim here. He also adds that he isn’t some “sleazy internet marketing guru” ( oh the irony ).
He also says that he will take you by the hand and help you make hundreds of thousands of pounds in one month. He funniest thing is that somewhere in the video he says that he has no idea how the financial markets work.
But ! He wants to help and ensure everyone gets maximum support so the Brit Method is only open to 20 people, the first 20 people.
Don’t believe a word in the video!
Firstly have a look at this picture ( I’m not talking about the error on the 2nd line ) :
So this guy is Jason Taylor, founder of the Brit Method, fine and dandy !
Wait what, THE SAME FACE BUT A DIFFERENT NAME !? Weren’t you Jason Taylor !?
OMG !! SAME NAME BUT A DIFFERENT FACE NOW !?
Looks like someone forget to change the name!
Forgive my lame attempt at humouring you, but I hope you catch the drift here. There are numerous “methods” out there like the Aussie method, the Singapore method and I sure as heck have no idea why they named of it the Kiwi method. The point is those guys are fakes, just someone they hired to give fake testimonials, and a fake creator with a fake name as well.
How do you make money with the Brit method?
While you can make money by trading binary options, you won’t make any money with the Brit method, or the other “methods”. Options trading isn’t what they claim it to be.
A software that does your trades and what not for you, even making winning trades all the time simply does not exist. It makes no sense if you think about it, if it really were that easy everyone would be doing it then everyone would make money, and if everyone is making money where does the money come from?
Real binary options trading require you to make the trades, it requires you to learn the skills and know how about trading. It is definitely not what they say where you just click a button and forget about it, there is no super algorithm here or anywhere else on the Internet. However, being able to make hundred of thousands of pounds per month is possible, if you know what you’re doing.
How does the Brit Method scam you?
Let’s take about their scam methods. Do note that a lot of other binary options scams come in more or less the same form, they lure you in with some make believe software that’s free telling you anyone can make money. Not to mention the fake testimonials, fake names and actors they hired to give you a false sense of assurance.
The scam works like this, while it is true that the “software” itself is free, making money with their system isn’t “100% completely free”. Just think about it, this is options trading, you will need to deposit money to buy and sell those options.
The problem starts when you realize that their broker is actually unlicensed or probably not even an actual broker.
What does this mean for you?
Well, you can’t withdraw your money. If you were tempted to deposit money into your trading account that you’ve opened with them you will not get it back.
The scam doesn’t just stop here obviously, they still need to somehow get people to come to their scam site right?
Have you ever wondered why you’ve seen a number of good reviews about the Brit Method?
That’s because the guys behind those reviews are in cahoots with the scammers. Their website will contain an affiliate link to the Brit Method’s page and each time they manage to persuade someone with their review they will earn a commission.
They are quite thorough in their reviews as well, initially I was almost fooled. If you take a look at the comments you’ll probably see tons of positive comments thanking the Brit Method and what not, all of these are fake. I mean, they have the money to hire fake actors, it wouldn’t take much more to get fake comments as well.
The gist of it is that the fake reviewers send you to their website, their website sends you to the fake brokers and you won’t ever see your money again.
Is the Brit Method a Scam?
The Brit Method is 100% a scam, it makes no sense and there is no such thing as a super software to help any newcomer make money with binary options trading, especially not from a guy who doesn’t understand the financial markets.
The Brit Method preys on vulnerable people who needs money, and scams their money. I advise you to be careful when you come across any program or website that gives off a “too good to be true” kind of vibe, especially if they guarantee you £10000.
Like I said you can make money by trading binary options, but it is just like any other online business out there where you need to put in the time and effort before the money starts to come in. There is no such thing as a make money in one month guarantee because most legit methods out there require you to spend months studying and understanding first.
If you want a good program that’s really for anyone, check out my #1 recommended program. There is no shortcut to making money online, remember that. If you do want to go down this path you should start changing your mindset that you can make money fast and prepare yourself to grind it out for a few months.