Is Brit Method a Scam??
There are legitimate auto trader bots out there, when trading binary options. They can also be profitable, but the key is finding one that isn’t a scam.
If you wanted to know if the Brit Method was indeed one of those legitimate auto traders, then here is the place.
Simply put, I cannot endorse the Brit Method as a trustworthy legitimate product.
How does it work?
When you sign up with the Brit Method, you are taken to a suggested broker, in which you deposit into this broker trading account. All seems fine so far. Trusted Auto traders work in the same way.
The problem with the Brit Method is, they offer no explanation of how the system will work prior to you investing your money.
So how are you supposed to know what to do, or how it works before you deposit £250??
You don’t, you kind of hope and pray.
What do we know?
From the video on their website, Jason Taylor claims to have used this system earn millions of pounds of revenue, and wants to help you do the same.
It shows lavish pictures of sunny locations, a villa that you could own with the money you can make. The kind of video that would draw someone tight on money into believing this is possible.
The only problem, there is no explanation of how the system works. He shows screenshots of bank accounts with a lot of money in them. He also shows screenshots of a binary trader account with money continuing to go up in revenue.
He claims that you will have achieved a 5 figure sum in a month, if not he promises to give £10,000. A bold claim, and unfound to be true.
The problem is the claims are unbelievable. For a beginner to achieve those kinds of figures doesn’t add up, even an experienced trader might struggle to get those kind of figures.
The video claims a 97% accuracy rate!! Even the resources of the top investors cannot achieve that.
When you also do some digging, they are very similar programs in different countries, all named slightly different (the Canuck Method for Canada, Sydney System for Sydney, Australia, etc.)
But the images, video are all the same. The name of the guy changes, sometimes he is Jake.
So that doesn’t flag as trustworthy either.
He makes some bold claims in the video, which highlight that this product should be avoided.
- He wants you to make hundreds of thousands of pounds (£) in the next 30 days
- He will pay you £10k out of his own pocket, if you do not make this kind of money with this system
- Claims that the software is only available to a select view, but no visibility of the counter number changing.
- 97% accuracy is unfounded in this industry
Also when you watch the video, the testimonials seem fabricated. Just some very excited people claiming to be making a mint on this software.
There is always a risk with any kind of trading, least of all Binary Options trading. All the websites describe how training is very important. Knowledge builds power, or experience helps you achieve your monetary goals.
No system guarantees to bring you success, but this one claims to be the one that does.
But relying on a system you know nothing about, just seems like too much of a gamble, especially as there is trustworthy systems out there, that describe upfront how it works.
Be on the Lookout
Due to it being outed as a scam, it tends to change the name quite regularly, but the image of the guy tends to be the same on all of them.
Want to Succeed? Willing to put in the effort?
If you want to be successful online, making money legitimately, then there is no substitute for effort. Anyone can make money online, but it doesn’t tend to be that easy. But if you have the inclination to work hard, and relish in the rewards. Have a look at my review of Wealthy Affiliate.
Hope you found this scam alert useful, any comments or question please leave them below.