Extreme Profits System: It’s Extreme BS
Quick Summary of Extreme Profits System
Rating: 0.1 out of 5. Another lame binary options scam perpetrated by an unseen Cameron James.
Pros: You aren't subjected to those annoying pop-ups that other binary options scams put you through.
Cons: You are subjected to the usual promises of instant money, luxury cars, beach houses and never-ending vacations.
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Cameron James’ Extreme Profits System is the latest binary options trading scheme that promises to make you $1,500 to $6,000 per day simply by placing trades using the Extreme Profits software. This scheme relies heavily on shady marketing practices including the following:
In the first sales page video, Cameron James describes how your life will be different from now on:
You spend your days relaxing in your beautiful sunny holiday home. You drive your luxury sports car to meet up with your friends for a drink. And your evenings are spent dining out with your partner at the very best restaurants in town.
After you provide your basic contact information (name and email), a second sales video announces how “your life is about to change forever.” Cameron again paints a lovely picture of your upcoming financial future, complete with the requisite sports car, luxury vacation home, cruise ship, etc.
This tactic of having you imagine what your life might be like is called lifestyle marketing. It’s the first in a set of shady marketing techniques that marks many upon many binary options trading scams.
Limited time offer
“However, you’ve got to move fast!” Cameron emphasizes in the next sales video. “Your spot isn’t secure until you’ve completed this critical next step.”
What’s that next step?
To fill out the enclosed form- and to register for a new broker account. Registering for a new broker account is vital because “very few brokers will allow the kind of integration we require with the system constantly receiving data feeds so it can seek out the market trends.”
“Jurgen” and Cameron have evaluated brokers and found only a handful that could be trusted. “These are the only ones where we can fully integrate our Extreme Profits system. Our relationship with them is one of the keys to our success.”
When you do input the requested information, you are assigned one of these “trusted” brokers. In my case, the trusted broker was Beeoptions.
It’s “free”- after a $250 deposit
The Extreme Profits trading software is completely free to use; however, it will only activate after you fund your account.
Because Beeoptions was selected as my broker, I needed to fund my account with a minimum of $250.
Can the Extreme Profits System be trusted?
The Extreme Profits System seems like a good deal on the surface- for the starting initial investment of only $250, you can make up to $6,000/day. Can this system be trusted to perform as advertised?
Let’s first look at the first piece of proof that Cameron offers, the partners trading accounts. Here we see the account of Michael Gardener, who has an account exceeding $300K:
Michael also provides a key customer testimonial for Extreme Profits System in its first sales video:
I found Michael hanging out on Fiverr, where he offers testimonial videos and other work:
Other Extreme Profits System partners, including Amanda Hampshire, Brian Hawkins and Isobel Maddison, could each be easily located either on Fiverr or as readily available stock photos.
Then there is Cameron James (a play on the name James Cameron?), the creator of the Extreme Profits System itself. My Google search for this software creator turned up absolutely nothing in terms of well-known binary options traders, investors or financial gurus.
The Extreme Profits System features several different online security shields intended to assure you that no malicious viruses, adware, etc. will be downloaded with your software.
However, clicking on these seals to verify their authenticity takes you absolutely nowhere. Indeed, these “seals” are nothing more than decorations.
Finally, the Extreme Profits System claims to show proof that it works because its partners trading accounts are shown live and in the active process of trading. However, on this system’s disclaimer page, you find the following statement:
CFTC RULE 4.41 – 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 indicates that the live trading accounts are actually simulations and not proof that Extreme Profits generates money on auto-pilot.
What really drives the Extreme Profits System?
If you inspect the coding of the various Extreme Profits System sales pages, you’ll inevitably find affiliate links such as these:
iframe src=”http://tracking.binarypromos.com/aff_c?offer_id=1586&aff_id=3355&url_id=15692&aff_sub1=1363495250&aff_sub2=&aff_sub5=aslybaker” id=”tracking-link-1435302289618″
In a similar fashion, the positive review sites for the Extreme Profits System also contain affiliate links. Why are there numerous affiliate links peppered into this ‘surefire’ method of making vast amounts of cash?
Look no further than Clicksure, an affiliate network that is rife with scam products:
With the Extreme Profits System offering a hefty affiliate commission of $250, it’s no wonder that “positive” reviews of the product have popped up online. However, the actual software that is supposed to be placing those winning trades for you more than likely does not exist.
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