Simon Saunders, the spokesperson for Auto Profit Replicator, presents Auto Profit Replicator as a special software he created that focuses on winning binary options trades. However, if we dig a little deeper, we discover a different story. Keep reading as I show you the Devil in the details.
Product Name: Auto Profit Replicator
Product Website: autoprofitreplicator.com
Product Cost: Free, but there’s a catch
Product Owner: Simon Saunders (Probably Fake)
Opinion: Not Recommended
What is Auto Profit Replicator?
Auto Profit Replicator is software the owner claims will automatically place binary options trades.
If you visit the Auto Profit Replicator website, you can watch a lengthy sales video narrated by Simon Saunders. Mr. Saunders, who is probably a paid voice actor, will tease you with images of wealth and personal freedom. Then he will tell you about a special software he claims he developed that generates winning binary options trades automatically.
You will also hear convincing video testimonies from people who claim Auto Profit Replicator has changed their life.
Is Auto Profit Replicator a Scam?
To get an idea of what Auto Profit Replicator is, scroll to the bottom of the home page of the Auto Profit Replicator website. Be sure to read every word of small print.
First, you’ll notice that Auto Profit Replicator threatens anyone who copies anything from their website. Apparently, they do not want anyone reviewing or discussing their product. These threats suggest they are hiding something. Most companies want people to talk about them because it’s free publicity.
Keep reading, and you’ll see that Auto Profit Replicator admits that they use actors in the video, that the claims made in the video are not reliable and that the testimonials do not apply to the average purchaser.
What is a Binary Option?
To understand Auto Profit Replicator, it is necessary to understand binary options. A binary option is not a true investment option.
In investing, a true option is when you purchase the right to buy something at a set price at a specific time. For example, a wheat option might be the right to purchase a railcar of wheat for $5 a bushel by April 25th, 2017.
With a binary option, you don’t own anything. You are simply betting that the value of an asset will move in a specific direction at a specific time. It’s like betting on a roll of the dice.
Binary Options is not investing.
With true investing, an investor can study the markets, the economy and the underlying value of the asset before making an informed decision.
In binary options trading, underlying value is irrelevant. Money is made and lost by the minute to minute fluctuations in asset values. Binary options trading is not trading. It’s really not even trading. It’s gambling. And usually, the house wins.
Binary Options Trading is Unregulated Gambling.
In a casino, the house wins most of the time. With binary options, the broker wins most of the time.
You cannot trade binary options until after you have opened a trading account with a broker and placed a large deposit of cash into your account, usually $2,500 or more. At this point, the broker is like a bookie.
The broker has nothing to lose. There is no product cost. If you win, the broker pays you from the money deposited from other traders.
But, most of the time you will lose, and the broker will take your cash.
Binary options are lucrative for the broker.
A binary options broker makes a ton of money from the traders. Because it is so lucrative, the brokers pay high commissions to affiliates who entice traders to open a brokerage account. Once a new trader opens an account, the affiliate earns a commission that can range from $200 to $500 and higher.
Many brokers even develop software for affiliates to give away to entice traders to sign up. The affiliates can name their software whatever they like. The broker is the source of the Auto Profit Replicator software.
The Auto Profit Replicator Software.
All binary options trading software are about the same and produced by the brokers for the benefit of the broker. The goal is to transfer your money from your trading account to the broker’s account as quickly as possible.
The software allows you to make automatic trades. You can set it to make one trade a day or a thousand or more. In the case of Auto Profit Replicator, the minimum trade is $25.
Set the software to make a hundred $25 trades a day and it can quickly empty your trading account. Set to make a hundred $100 trades and your account could be dry before breakfast.
The Last Word on Auto Profit Replicator.
According to the United State Securities Exchange Commission, most online binary options brokers are unregistered. Auto Profit Replicator is an unregistered broker. The SEC warns that unregistered brokers are known to steal people’s money and their identity, and lock people out of their account.
The purpose of Auto Profit Replicator is to entice you into opening a binary options trading account. The software is free. The owner of the Auto Profit Replicator website earns a commission each time a new trader opens an account with the broker.
Binary options trading is not investing. Most people lose money with binary options trading. It is not a legitimate way to make money online.
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If you found this article helpful or have experience with Auto Profit Replicator, please leave a comment below.