The Singapore Method promises to quickly and automatically earn hundreds of thousands of dollars. But, look closer, and you’ll see how dangerous this method truly is. Follow me as I reveal the Devil in the details.
Product Name: The Singapore Method
Website: thesingaporemethod.com
Product Cost: Minimum $250 deposit required
Product Owner: Cannot be determined.
Opinion: Not Recommended
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What is The Singapore Method?
On the Singapore Method website, a sales video introduces the narrator, Jake Shen. Jake promises you will earn more than $100,000 in just a few weeks, or he will pay you $10,000. Don’t believe it!
Jake claims he can turn anyone into a millionaire. All it takes is the Singapore Method software and a few clicks of the mouse. Jake promises his method is free and can be making you money within the hour. You just have to sign up to get your free copy of the Singapore Method software.
As if to prove the Singapore Method is real, a few excited people in the Singapore Method sales video tell how they made hundreds of thousands of dollars. These people are actors and paid to say that.
For added proof, Jake logs into one of his many bank accounts and shows a balance of over $12 Million. It’s easy to fake a bank account page.
Is the Singapore Method a Scam?
You will not make money with the Singapore Method. If you try it, you will lose money and possibly go into debt.
The Singapore Method website is almost identical to the Malay Method website where the same Jake makes the same promises.
There is nothing special about the Singapore Method. It’s just a sales video designed to get you to deposit a minimum of $250 with an unregistered binary options broker.
Unregistered means, not regulated, as in outside of the law. Unregistered brokers do not broker anything. They just take people’s money.
The broker associated with The Singapore Method will try to trick you into depositing as much money as possible because they will keep every dollar you give them. You will not get it back. Every penny you give to the Singapore Method is gone forever.
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The Singapore Method Earnings Disclaimer.
In the beginning of the video, Jake guarantees you will make at least a hundred thousand dollars in the first month or he will pay you $10,000 cash. As Granny would say, that’s a boldface lie.
Jake is an actor. If you search for Jake Shen on the internet, you will not find him.
Scroll to the bottom of The Singapore Method web page and click on “Disclaimer.” Take a moment to read the first paragraph, and you will quickly realize that The Singapore Method does NOT guarantee you will earn money.
All the hype and promises in the Singapore Method video are lies.
The Singapore Method Testimonials.
The testimonies are fake. With a little effort, you’ll find most, if not all of the testimonies were given by amateur actors who offer their services on Fiverr.com. As you can see below, the same actors are in the Malay Method sales video saying the exact same thing. They did not make money with the Singapore Method. They were paid to read a script.
What is The Singapore Method, Really?
The Singapore Method will not make you money. The Singapore Method will rob you blind.
Giving money to an unregistered broker, like The Singapore Method, is throwing your money away.
Registered and Unregistered Brokers.
To understand how foolish it is to give The Singapore Method broker your money, take a moment to understand what an unregistered broker is and how it compares to a registered broker.
The Registered Broker.
In the US, a registered broker is licensed by the Securities Exchange Commission. Every country with a securities exchange has an agency like the SEC.
The point to remember is a registered broker must abide by securities laws and ethical guidelines to stay in business.
In the US, if a registered broker cheats you, you can ask the SEC to help you get your money back.
In a nutshell, a registered broker is legal.
The Unregistered Broker.
An unregistered broker is not legal. If an unregistered broker steals your money you won’t get it back.
If you give money to an unregistered broker, like the broker for The Singapore Method, your money is gone forever.
Referring to an unregistered broker as a broker is misleading. They do not broker anything. They simply take people’s money under the ruse of trading binary options. However, there is really nothing traded.
The software merely creates the illusion that there are trades.
The United States SEC warns that unregistered brokers are suspected of illegal activities including defrauding people of their money, stealing personal identities and manipulating software to create the illusion of losing trades.
If you open an account with The Singapore Method, you will be assigned a personal advisor. This person is really a professional telemarketer who will try to trick you into depositing a lot more than the $250 minimum.
You can learn more about registered and unregistered brokers at Binary Options Fraud.
The Last Word on The Singapore Method.
While the Singapore Method sales pitch is exciting, there is no magic software that will make you rich.
The organization behind The Singapore Method has also created The Brit Method, The Aussie Method, The Malay Method and more. Each so-called method leads back to an unregistered broker waiting to steal your money.
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A Better Option.
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If you found this article helpful or have experience with The Singapore Method, please leave a comment below.
You know it’s astounding what number of trick sites there truly are out there on the web. It’s simple for individuals to get gotten up to speed with these snappy rich plans. Much obliged to you for uncovering these con artists for what they truly are, cheats. We require more sites like yours so individuals will quit losing cash and begin profiting on the web.
Wow. Do people really fall for this stuff? I can’t believe they can get away with this kind of stuff. After going through all the training on Wealthy Affiliate and learning all the hard work that has to be put in to make money on line, it irks and surprises me that people are able to get away with this kind of stuff.
Thanks for doing what you do and exposing these scams for the lies they are.
Hi, Dustin!
The scammers behind The Singapore Method must be doing well because they have cloned the strategy with several other “Method” websites. It’s criminal.
I’m reminded of something I heard years ago about how money makes a person more of who they are. If they are a jerk when they are broke they will be a bigger jerk when they are rich. Something similar happens with the internet. If they are a petty crook offline, they will be a bigger crook online.
Thanks for stopping by,
Gary
I’m glad to have found your article. A friend of mine got really obssesed with “The Singapore Method”. I tried to explain it to him that it is not true, only a scam called pyramid scam and that there are houndreds of scams like this everywhere. He yet insists that this one is different and is absolutley sure he will become a millioner.
He is trying to make money from the internet and I fear it will only put him in debt. I’ll show him your article in hope that it could convince him and give him an alternative – this affiliate marketing you mentioned. After some search and your review it seems like a legit way to earn money.
Thank you!
You know it’s amazing how many scam websites there really are out there on the internet. It’s easy for people to get caught up with these quick rich schemes. Thank you for exposing these scammers for what they really are, frauds. We need more websites like yours so people will stop losing money and start making some money on the internet.
You know what they say, if it sounds too good to be true then it probably is! I’ve only just heard of the Singapore Method and it is so frustrating to see people so blatantly scamming others with methods like this. It also surprises me that people are willing to participate in the promotion of these types of lies and scams by accepting the acting jobs…but I guess we can’t all be cut from the same moral cloth unfortunately.
Thank you for clarifying the difference between registered and unregistered brokers…it’s useful to know what to look for and I know this information will save lots of people some heartache.
As a new affiliate marketer, I had never heard of the Singapore Method. Thank you for sharing your research and the financial dangers associated with this method.
I am excited about affiliate marketing and want to be financially successful, but I care about how I make my money. All warning and education I can receive on less acceptable opportunities is a huge benefit to me.
Wouldn’t it be awesome to make $100k in just few weeks? Quickly & automatically too?
..& probably out of thin air?
Complete nonsense!
Yeah, too bad for them, because I’m usually that one customer, who likes to ask how revenue is being generated, especially in such instance..
Money always has to come somewhere & go to somewhere.
Or am I too far off?
Ironically, before you get to asking questions, most scammers like that tend to & try to use their back doors, to leave quietly & as quickly as possible, hehe.
The moment you said they have paid actors involved, it already outlined most of it & raised a big, fat, red flag to stay on guard.
No point to bother to give it a try. Maybe I’m too pessimistic, or perhaps too smart for my own good.
Thanks for warning folks, Gary!
I’ll try & share your article to get the word out there
Hi, Henry!
Thanks for sharing my article. You’re right, the scammer always has an escape, usually with someone else taking the blame.
Thanks for stopping by,
Gary
Well yes, I must admit, Gary, that even if I approached this newly devised method with all best of intentions, realising that same actors lend their services to 2 different websites would raise my eyebrows. And, as you mention, not finding details of the founder makes the whole system more unaccountable than anything I’ve ever come across in terms of unreliability.
All said, I think i shall give this one a miss!!
Hi, GiuliaB!
I appreciate your comment. Yes, The Singapore Method is a real stinker, just like the other so-called “Methods.” It’s really nothing more than a money trap, but apparently people fall for it. Unfortunately, it is usually the people who can least afford it who lose to scammers like this. You are wise to stay clear.
Thanks for stopping by,
Gary
The Singapore Method scam looks a lot like another scam I’ve seen. What’s with all the “Method” scams? Is it the same scammers or are the scammers copying each other?
I really like your site. It’s easy to get around and read your stuff. And the short videos are entertaining too. I’ve learned a lot from reading your posts. Because of you, I don’t think I’ll get scammed, but you never know. Scammers are tricky little devils.
Hi, Kevin!
I’m glad you’ve learned how to avoid scams from reading my articles. You are right about those “tricky little devils.”
Thanks for stopping by,
Gary
Thank you for writing this review, there are some many “systems” like this, it seems like new ones pop up out of the ground every few hours. The more reviews there are about systems like this, the more people get to keep their money.
Making money with Forex or Binary systems might be totally feasable, but the promises these guys make just to get you to join via their affiliate link is ridiculous. Especially as most of them don’t even make that kind of money trading themselves.
They show “their” flashy cars, jets and homes in videos and then claim they’re not actors, when clearly they are (and bad ones at that) working with rented stuff. Makes me really angry, when people try to make money by scamming others.
Hi, Linda!
You are so right. Scams like The Singapore Method are relentless. I hope as the internet matures, people will instinctively recognize scams of every stripe.
I’m not a fan of FOREX or Binary Options, even when using legitimate brokers. Trading FOREX and Binary Options, at best, is more like betting on a computer game than investing.
I chuckled when I read your comment on how pathetic the actors are. They are amateurs for sure, but I’ve also seen some pretty talented actors on these scams too. The actor who plays the lead in the Orion Code scam is a local celebrity in the Seattle community theater scene. He really deserves a better agent.
Thanks for stopping by,
Gary
Definitely should be more reviews like this, so the scammers actually get some fight! If someone types “Singapore method”, first hits in google should be these kind of websites with a warning about the scam. People are blinded with a possibility to earn money fast and with no work that they will swallow everything. Honestly, i think if they will be a mechanism to sue someone to whom did you pay and for free and fast, it would sort itself. So, if there would be accountability, it would be less scammers out there!
Hi, Bob!
The Singapore Method is yet another Scam Method. I’ve seen so many scams with the name “Method,” that I now automatically assume anything with that in its name is a scam. The Socratic Method is now suspect.
I agree, there should be a way to sue for misrepresentation, and there probably is. However, most of these scammers hide behind many layers of digital cloaking. Although it might appear that their website is in the United States, it usually is in an obscure country far from long arm of the law.
The people to sue are the affiliates because they might be in the States. That would give reason to hesitate. Ironically, although scams like The Singapore Method promise their affiliates $300 commissions, it is not unusual for these scams to also scam their affiliates.
Thanks for stopping by,
Gary
Very helpful site! I like this info very much! l find all the information on it relevant and highly usable!
Your design is very clear and easy reading, so people can focus on text.
l will keep coming back for more. Thank you for your wonderful info!
Thanks for sharing.
Hi, Branimir!
I appreciate your kind words and find them encouraging. It can be challenging to know how people are experiencing my website. Thanks so much for the feedback.
I’m pleased you found the information on The Singapore Method helpful. It’s a nasty scam that has ruined a lot of people.
Thanks for stopping by,
Gary