Binary Vault: It’s a Vault of Lies
Quick Summary of Binary Vault
Rating: 0.5 out of 5. Nothing to see here (except yet another scam)
Pros: Pro-longed fake testimonial videos, Pro-tracted visions of wealth, Pro-fuse usage of stock photography.
Cons: The incessant pop-up on the sales page will drive you insane.
Our Recommendation: Don't even bother listening to the sales spiel that Maverick Michaels gives you. Spend your time reading a good book or taking a long walk. Or investing in a business that will actually generate an income for you.
The minute you enter the Binary Vault arena, you are shown “customer testimonials” by people who make claims like the following:
Derek Gonzalez: “I started using this system exactly two weeks ago, and I already made $7,892.35 in profit.”
Carmen Mendez: “I signed up…and have so far been able to generate a full-time income, bringing in on average over $10,000 per week.”
Timothy Nunez: “I no longer work for my old boss…Since joining the Binary Vault program, I have earned $17,562.54 of pure profit.”
And then there’s Justin Briggs, who looks like the classic used car salesman:
This guy says that, “in less than two weeks, I’ve managed to generate $24,890.16.”
Wow. How is that possible?
At this point in time, a disembodied voice comes over the video. It’s Maverick Michaels, and he’s got a money-making system for you that you generates money 24 hours a day, 7 days a week. Without you lifting a single finger.
All this hinges on a series of mini-automated trading systems that make money for you every single day.
That’s all we hear of this amazing money-generating system before Maverick goes off on the benefits of financial freedom- specifically, his own.
Finally, Maverick explains how he made his wealth: By building and selling incredibly accurate binary options trading platforms to corporate CEOs and brokerages. In fact, Maverick’s last software sale went for $4 million. The products that Maverick built were so good that they went viral, and Maverick had “angel investors knocking down my door.”
How does Maverick’s amazing luck and wealth help you now? Apparently, Maverick is giving away 50 free licenses to his latest and greatest automated binary options trading software. But this incredible deal is available for only a limited time. So, you better hurry up.
Watch out for scammers!
At this point, Maverick feels compelled to warn you about binary options scammers who are selling shoddy software with outdated scripts that no longer work.
No way. Scammers? On the Internet?!?
But you can trust Maverick because he states that he’s a reputable software developer who has added firewalls and security systems to his software so it can’t be hacked into or stolen.
What’s in it for Maverick Michaels?
We’re never provided with the actual reason why Maverick has decided to give away 50 free licenses of his millionaire-making software. However, Maverick does disclose that he plans on making 5% from your winning trades once you activate his auto-trader. Exactly how this profit-sharing will occur is also not discussed.
Maverick also warns you that, if he catches you sharing his software with someone else, he will disable and ban your trading account.
Show me the software!
Once you provide your name and email, you are shown a second sales video by Maverick. Here, he shows you live proof that his software work works and generates profits. The screen shot I’ve provided below is from Maverick’s own trading account:
Maverick also shows you a roster of his recorded and verified trades via his live trading account.
Is Binary Vault for real?
Live trading accounts, glowing testimonials, and promises of software security are all fine and good, but all these items can be easily faked. Is this the case with Binary Vault?
Let’s look at the live trading account that Maverick shows. While the account and its trades both seem genuine, the disclaimer link at the bottom of the page notes the following:
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.
This disclaimer, required by law, is basically telling us that Maverick’s trading account is simulated. In other words, the trades aren’t real!
What about all those video testimonials, like from this guy?
It wasn’t too hard locating “Timothy Nunez,” aka Ivannicholo, on Fiverr.
But what about this huge list of satisfied Binary Vault beta testers/customers?
By using Google’s image search function, I located most of these suspects on stock image sites or as multiplied generic images for a number of different products and services. One of the happy customers- Garrett Bradley- actually goes by the stock name of John Doe!
There’s other damning evidence. The chat support area, which you access from the software platform, has no one present to answer questions. I went on this chat support several times during the week and weekend, and the place is a ghost town. The contact us area is simply a generic email that goes to support (at) binaryvault.co.
Likewise, if you look at the supposed security seals at the bottom of the Binary Vault page, you can’t click on them to verify their information, renewal terms, or even existence.
The harsh light of reality
What’s the actual end game for Binary Vault? When you sign up to Binary Vault to access its amazing software, you are directed to BeeOptions, a standard binary options brokerage firm. You are also prompted to make at least a $250 deposit into your trading account.
Keep in mind that binary options brokerages often give you bonus money on top of your deposit. If you accept the bonus money, you will be unable to withdraw your funds until you’ve satisfied certain conditions. In the case of BeeOptions, they are as follows:
In order to withdraw funds from an account that has been credited with a trading bonus, the trader will be required to execute a minimum trading volume of (bonus amount + Deposit) x30.
Also, BeeOptions is currently running a bunch of promotions, one of which is the opportunity to get a 250% match on a $1,000 deposit. That may be how Binary Vault gets away with making this particular claim:
No doubt, the more you initially deposit, the bigger the commission that the Binary Vault scammers make. How can I be so sure that a commission is involved? I need look no further than Clicksure:
So, the binary options brokerage gets a nice hefty deposit, the scam affiliates get a commission, and everyone is happy. Everyone, that is, except you.
Final thoughts about Binary Vault
Avoid Binary Vault like the plague. You’re not going to become a super mega millionaire using this system. You’ll just lose $250+ of your hard-earned money.
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