It is not a standalone program or software as the Pure Profits site and other review websites claim. This is a commonplace practice for nearly all of the binary options programs that I review.
The way it works is you watch the video, they claim that you can join for free after which you give your name and email address.
Once you’ve given your name and email, you are then presented with a second video and second sign up form which you must complete.
After you’ve completed this form, you are then forwarded to a broker website that serves as both the members area for the given program and the broker site that you’ll be using.
“Jeremy Owensky” is really an affiliate for Redwood Options and earns a commission when you deposit money into your account to start trading.
The point here is that you do not need to go through the Pure Profits website to begin trading with Redwood Options. You can get all the same benefits by going directly to that broker website.
Pure Profits Manipulates Users
One reason why I won’t recommend Pure Profits is the fact that they manipulate users. There are several shady advertising practices that they’re using to get people to sign up and trade binary options through their broker.
If you’re not an experienced trader, one of the things they do within the video itself is to confuse you with terminology, something they contradict themselves with in the same video by criticizing people who do this.
Another thing they do is that they have two scripts on the page, one being the countdown ticker that shows how many copies remaining. I noticed the ticker when it was on 13 remaining copies and it eventually made it’s way down to 2 copies remaining.
This is manipulative because since the software is issued by the broker and it’s a digital download, there are unlimited copies to be given away. Also Pure Profits wouldn’t limit themselves by giving away a limited amount of copies since they would want to get as many people as they want to make money.
If you were to close the page and come back at any time, the counter starts over.
Users Making Money
There is also another script on the page that shows which users are making money and how much they are making. This information is fake because if it were real it would be a violation of the users right to privacy.
I’ve seen these scripts before so I know they’re put there purely to convince others that they’re missing out on something. You’re not – the figures and the people making them are fake.
As this is an affiliate using the Clicksure platform, an affiliate network notorious for putting out fraudulent products, I highly doubt that the testimonials presented within the video are real. I have no way of proving this but judging from the other aspects I’ve pointed out and the outrageous amounts quoted within the testimonials, I have good reason to believe that these testimonials were only there to make you believe that people are making money with Pure Profits.
The Pure Profits Angle
There are many binary options promotions that claim they have a special system that allows users to make hundreds of thousands to millions within a short amount of time.
“Jeremy Owensky’s” angle for Pure Profit is modesty. In an effort to make his system seem legit and more believable he chose to set more modest goals like say “$800 pure profit ever single day”. Or $24,000 per month.
Here’s a snipped of an email that he prepared for his affiliates:
Subject: Would you settle for a $24k monthly income?
A maximal income of $24,000 a month (with a
minimum guarantee of $13,450 a month) may not
sound impressive when dubious traders and
internet marketers offer you $1Million and
other outrageous claims…
But this software developer has proven to
stand behind his promises and to provide a
FREE solution that generates a 5 figure
“Jeremy” hopes to discredit other binary options pushers by saying that they’re making outrageous claims. The truth is that his own claims are also outrageous.
There is no doubt that you can make money with binary options but you can also lose all your money as well.
If you’re not experienced with binary options trading, then you need to know that it’s like flipping a coin and calling head or tails. It’s closer to gambling than actual trading. It’s what you “bet” on that makes it look like trading.
Therefore, there is no guaranteed money as “Jeremy” states in his email.
All that being said, I do not recommend using Pure Profit. There is too much manipulation going on on the website.
I also would not recommend trading binary options because it comes with a lot of risk especially if you have little or no experience at all.