The other day my plumber sent me a Whatsapp message asking if I still did online marketing.
He wanted to know if Market Busters was a scam because they’re asking him to invest money. I looked it up quickly and after reviewing the promo video, I told him to forget about the website because it was definitely a scam.
Why did I tell him that?
Didn’t I want him to make $2000 per day as the website promises?
Read the rest of this review and you’ll see why I told my friend to avoid the Market Buster App and try online marketing instead.
What is the Market Buster App?
The Market Buster App is supposedly an application created by Ethan Taylor to help people trade binary options without having to do much.
All you do is set the app to automatically find winning trades and the app is supposed to place trades for you while you sleep, go shopping or do any other activities.
According to the site, the app can make you up to $2000 per day and it has supposedly been featured on financial websites and television shows such as CNN Money, Forbes, Fox Business, NBC and CBC News.
The promo video for Market Buster also shows people providing testimonials about how the app helped them to make money.
There are also other testimonials featured on the site showing users who made large sums of money within a very short amount of time.
It all looks so real and so enticing so why did I tell my friend that this was a scam? What did I see?
Why The Market Buster App is a Scam
Well, I’ve been reviewing stuff like this for over 8 years online and it’s easy for me to spot a scam. Most people who just have a feeling but I would see evidence.
I’ve also been reviewing binary options scams ever since they started becoming popular on sites like Clicksure. I even started this website to expose them all but it’s hard to keep up with the multitude of binary options promos being released everyday.
So here are some things that flagged this app as a scam for me.
(1) Ethan Taylor doesn’t exist
As with many of the other promos I’ve reviewed, Ethan Taylor is most likely a character created to be a part of the Market Buster origin story.
Ethan does not appear in the video for Market Buster. He is only heard as a voice-over. He shows stock photos of a house and yacht that he claims is his but never shows himself on camera.
The Market Buster website is most likely created by a marketer who is looking to earn commissions from the binary trading broker that he is referring users to.
(2) The Testimonials are Fake
The video testimonials at the beginning of the promo video are fake. The actors are likely from Fiverr where you can pay at least $5 for a fake testimonial.
Then there are some other testimonials featured on the site. These area also fake and created only to make you think that these outrageous earnings are real.
If people are really making money with Market Buster, it shouldn’t be so hard for Ethan to get them to submit testimonials of their real earnings.
Here are some real feedback from Market Buster’s facebook page, more in line with what is really happening.
I’d rather believe real people posting on Facebook than some actor from Fiverr paid to say what the app creator wants them to say.
(3) Outrageous Earnings
While it is possible to make fast money with binary options trading (it only takes like 60 seconds), this type of trading is very risky.
You pick a commodity and choose whether you think it will go up or down at the end of the time frame. If you choose correctly then you win the trade. If not, then you lose.
This does not sound like a very secure way to trade at all. It sounds like gambling.
The truth is… It IS gambling!
Binary options is highly risky and you could lose all of your investment. If you do not know what you’re doing or think you can let some app trade for you, my advice would be to stay away from this type of online activity.
So then how come there are testimonials claiming that people like Sarah Tremblay from Canada earned over $200,000 in just 8 months and Emma Taylor from Australia earned over $30,000 in just 2 months?
The testimonials are all fake so then the stories are also made up just as the numbers are.
Does Not Work as Promised
Now a scam is defined as something that does not work as promised.
Market Buster is a scam because they claim to have an 84% win rate which from the real testimonials shown from Facebook looks as if its much less.
It is also a scam because they claim that you will earn $2000 – $5000 per day with it. These figures are obviously just made up so that you will take the bait and join up. No one can guarantee that you will earn these types of figures in such a short time especially if you’re using a risky technique like binary options trading.
You’ll more than likely be disappointed when you either lose your money or find that this type of trading is really show to earn you the type of money promised.
Opteck and Market Busters
When you submit your details to Market Busters, you’re referred to a binary options trading broker called Opteck.
If you submitted a working phone number, someone at Opteck will call you and tell you that they’re your account manager and ask you to deposit $250 to start trading.
One thing that you’ll notice is that there is no download for a Market Buster app on the Market Buster website but you can download the trading app from Opteck.
So this app is what everyone uses, even people who aren’t referred by the Market Buster website. This means that the claims by Ethan Taylor and Market Buster are not real either since there is no exclusive app provided to Market Buster users.
The real truth behind the entire setup is that the creators of Market Buster has one goal – to get as many users registered at the Opteck website. This is how the money is made.
Once someone registers at Opteck and deposits $250, Market Buster’s creator receives a commission which I estimates is about $350 per deposit based on their revenue share table on their affiliate program page.
This is actually a legit way to make money but the way that Market Buster’s creator is doing it is highly unethical since they’re lying to people and running a scam just to earn from Opteck.
What I Told My Plumber Friend To Do Next
Since my plumber friend wanted to make money online (he actually asked me to teach him), I told him to check out a website that I had been using since 2007 to guide me through the process of making money online.
This site has been around since 2005 and has had thousands of students and lots of successes. They teach affiliate marketing and other ways to build an online business and has all the tools and resources you’ll need to be successful.
I personally quit my government job in 2009 and have been doing affiliate marketing full time for the past 6 years because of this website.
My plumber friend signed up with the website three days ago and is now going through the beginner lessons.
This is a safe and secure way to earn money online once you learn how to do it and it could make you money for years to come. It’s not for the lazy but at least you wouldn’t be throwing away your money to some scammer on the internet.
If you’re had any experience with the Market Buster app, it would be great to hear your feedback below whether it worked for you or not.