The Profit Hack software by Jake Sanders is projected to be the most viral binary options Scam of 2016! The number of victims this malicious system has stolen from is staggering, considering it is a new launch. The Profit Hack scam approaches its victims from a variety of different angles and is much more convincing than any other scam we have reviewed in the past. For this reason, we project the number of victims to increase rapidly over the next couple of weeks. We hope to reach as many people as possible with our Profit Hack review to help warn them of the danger this system imposes as well as how to avoid them. Be sure to read this review through to the end before making any investment decisions, or you might regret it later.
Scam Site: theprofithack.com/live/
The Profit Hack Review
What is The Profit Hack? It is basically a new binary options auto trading software. This software trades the financial markets for its users on 100% autopilot. ‘Jake Sanders’ is the owner of the Profit Hack software and is also the organizer of the “live” webinar. He claims his software is able to generate users $1,000-$15,000 in daily profits. Jake also claims that by signing up for his software you are guaranteed to earn a minimum of $1,000 within the first 4 minutes. If that isn’t impressive enough, Jake Sanders goes on to state that his Profit Hack scam software has not lost a single trade in over 3 years! Yeah, right.
According to Jake, his Profit Hack software works on the concept of “arbitrage“. This is a similar method mostly used in sports betting. It works by exploiting price differences between several different financial instruments. We don’t want to bore you with details so here’s a link for those of you who want to understand arbitrage better. Apparently, arbitrage is the secret to the Profit Hack’s success. Everything sounds great so far, the only bad news is that there are “limited spots” available for people to use the system. Jake Sanders encourages everyone to sign up a.s.a.p. so as to not miss out on this once in a lifetime opportunity. We’re assuming you did not sign up yet and will be providing you with information that will make you glad you didn’t jump on the opportunity.
Is The Profit Hack a Scam?
It most definitely is. Let’s begin with the “live webinar” that you may or may not have seen on theprofithack.com/live/ website. The Profit Hack scam live webinar is actually one of the main reasons why many newbie traders have fallen victim to this malicious scam. It appears to be genuine and is also very convincing. In reality, the webinar isn’t live, it’s merely a video recording. You can verify this by simply reloading the website. If the webinar was live, you wouldn’t be watching the video again from the beginning. It would continue where you left off before refreshing the screen.
Most of the buttons on their presentation do not work. The presentation mostly consists of visual tricks which deceive viewers into thinking The Profit Hack scam is legitimate. The few remaining buttons that are actually clickable are highly misleading. Take the ‘End Session’ button, for instance. It takes you to a new registration tab instead of actually ending the session. Even the ‘Invite’ button doesn’t work how it should. Instead of asking for your friend’s name and contact details, they ask for yours. Everything about the system appears to push viewers into signing up. It’s almost as if they’re begging you to join. This behaviour seems highly suspicious.
The attendee list and chatbox are fake as well. It is basically an intelligent script that generates pre-written comments as well as names. If you rewatch the Profit Hack scam video presentation, you’ll realize that the names and comments are exactly the same each time! The reason why a lot of inexperienced traders fall for the Profit Hack scam is because they can’t see past the deception. Everything about the system is staged!
$1,000 in 4 Minutes Guaranteed
Would you really trust guarantees from a person that uses these many deceptive marketing strategies to attract investors? We didn’t think so. Why would anyone guarantee investors $1,000 when they are only required to invest $250? It doesn’t even make any sense, financially speaking. Binary options trading comes with some risk and for that reason, no one can guarantee you profits. Any system that promises/guarantees you profits are usually scams. We are in no way discouraging readers from investing in binary options. Trading Binary options generally involves a lot less risk compared to other popular forms of trading such as Foreign Exchange and Stocks. However, there are a lot of fraudulent systems in the binary options industry so it is important that you read credible reviews from trusted sites before taking up any offers.
Jake Sanders Fake Identity?
Jake Sanders isn’t really who he claims to be. He is just an imaginary character made up to represent the Profit Hack scam. We looked high and low for traces of his existence but found none. No Facebook, Linkedin or Twitter profiles. You would expect a person who’s capable of developing such a sophisticated program to at least have some social media presence. This doesn’t seem to be the case with Jake Sanders. All we are presented with is a photo of him and his wife which is most likely fake as well. It is very likely that the webinar narrator is just a voice actor claiming to be “Jake Sanders”.
The Profit Hack Review Conclusion: 100% SCAM, definitely stay away!
We could continue with our Profit Hacker review as we found many other scam-like elements during our investigation process. But, we do not want this to turn into a 5,000-word report and we have seen more than enough evidence to officially label them a SCAM. The Profit Hacker will be added to our list of other blacklisted services. We update our blacklist daily with the latest scams so be sure to check back in the future before participating in a suspicious offer. If you are looking for better alternatives to get you started on your journey of making an income online, please visit our recommended services section.
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Here at BSR we test and review binary options services regularly. 95% of the services we review end up on our blacklist while only the top 5% get our endorsement. Be warned, none of these services will make you a millionaire overnight. They can, however, provide you with a secondary source of income that will grow steadily. The Copy Buffet software is our best performing system for the month of July. You can read our Copy Buffet review here to find out more.
Thank you for taking the time to read our Profit Hack scam review. We certainly hope it helped you save some money. Please leave us a comment below with questions/feedback/suggestions if you have any. We love hearing from our readers and make it a point to respond to everyone within 24 hours. Stay Safe!