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Thread: My Binary System at MyBinarySystem.com

  1. #1
    JustTooMuchTime is offline Senior Scambuster
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    My Binary System at MyBinarySystem.com

    My Binary System claims that you can start profiting within 15 minutes:



    It also likes to use the words "trust" and "trustworthy" across its site - never a good sign. Here's a screenshot where MyBinarySystem claims that it is not engaged in fake promises and is 100% trustworthy, which I guess means if there were some fake promises involved it would be less than 100% trustworthy, but I guess still some percentage of trustworthiness depending on the number of fake promises involved.

    Also, it appears that deceiving people by using irrelevant News Site and Media Site logos doesn't factor into the TrustWorthiness equation. My Binary System provides no explanation as to why it lists:

    • NBC
    • USA Today
    • The New York Times
    • YouTube
    • Amazon
    • Forbes
    • FaceBook
    • Twitter


    ...which makes sense, because there actually is NO legitimate explanation as to why My Binary System would be using those logos.

    I'm not saying that My Binary System is a scam, I just don't know if it's such a Smart Profit System...or wait...maybe it is:



    Well, I'm not sure how this factors into the whole MyBinary System trust formula, but there's this:



    I suppose if by some strange and unimaginable coincidence both MyBinarySystem.com and SmartProfitSystem.com have the same Google Analytics code of UA-50810273-1 I might be a bit concerned:



    Actually, that's kind of lazy, MyBinarySystem didn't even set up a separate tracking of UA-50810273-2 to show it was a different website than SmartProfitSystem.com. Not sure if I can trust that kind of laziness.
    Last edited by JustTooMuchTime; 03-26-2015 at 07:01 PM.

  2. #2
    JustTooMuchTime is offline Senior Scambuster
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    Is My Binary System a Scam?

    Well, maybe My Binary System is a scam, but that doesn't mean that the trading strategy it proposes is flawed. Let's have a look...

    It all starts with the StockPair broker's Trading Sentiment Toolbar which the less than 100% trustworthy site MyBinarySystem.com assures us is 100% Trustworthy:



    My Binary System goes into a step-by-step trading strategy based on the Trading Sentiment Bar, but I can sum it up for you succinctly here: "Keep trading until you've won 100% more than you've lost and then you'll have 100% odds of winning." Wow. That's gotta work, right? I mean there's a chart and everything!



    It really does seem like a no-lose strategy, unless you keep losing all of your money and don't win more than you lost. Other than that it's an air-tight, fool-proof, guaranteed trustworthy trading sytem.

    Somebody needs to alert the folks at StockPair about this strategy, because they appear to be totally in the dark:


  3. #3
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: My Binary System at MyBinarySystem.com

    lol at the amount of money invested somehow regulates the winning percentage. It's like knowing a hard 8 is the next roll in craps but you'll lose because you only bet the minimum table bet.
    Haven't lost any money to online scams.......results are typical.

  4. #4
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    laidback is offline Senior Troll
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    Re: My Binary System at MyBinarySystem.com

    Quote Originally Posted by Whip View Post
    lol at the amount of money invested somehow regulates the winning percentage. It's like knowing a hard 8 is the next roll in craps but you'll lose because you only bet the minimum table bet.
    S-o-o-o, by that criteria, you'll want to go all in on every poker hand! S-U-R-E...!
    It seems like in this "industry" common sense is not all that common!

  5. #5
    Whip's Avatar
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    Re: My Binary System at MyBinarySystem.com

    pretty much yeah.
    Haven't lost any money to online scams.......results are typical.

  6. #6
    ribshaw's Avatar
    ribshaw is offline Nigerian Ministry
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    Re: My Binary System at MyBinarySystem.com

    Every scammer and their half sister have peddled "The Martingale" to break the bank at the Casinos. The Truth about Betting Systems - Wizard of Odds

    Including none other than our old pal. Kevin Trudeau's new baccarat system - Betting Systems - Gambling - Page 1 - Forums - Wizard of Vegas

    I see no reason Binary Option "Gurus" shouldn't be passed the torch with a few added bells and whistles for the childrens.

    No 50/50 bets in the Casino, so doubling one's money until they win lose it all is a fool's errand Trudeau fans. I eyeballed some of the trades in the Binary Option market and the closest I can find is $11 for a 109 USD/EUR cross expiring in 7 minutes, I would not put at a 57.4% chance of winning. http://www.nadex.com/content/timeandsales.pdf More like Whippers Hard 8 sans the free drinks and glitter.

    Looks like somebody did hit a 40 contract payday on the EUR/USD cross today, probably at the expense of some numpty that bought the red/green Progressive Profits System.


    EUR to USD Exchange Rate - Bloomberg
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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