Profit Builder Review
Let's have a look at their website:
Well first of all the video is obviously designed to unsettle people and put them in a vulnerable state of mind so that they can be made to do something without thinking due to panic. This is a very common scammer tactic and is our first big red flag. No one wants anyone to act in haste if they carry any responsibility or liability for their custom. This means that they have probably already sewn you up with T&Cs at the bottom of the page and are just hoping you hand over your details so that they can defraud you.
We shall have a look at the T&Cs later on, when we get down the page.
The next text we see: Start Easy, Earn Quickly
It is important to realise that this is a very difficult promise to fulfil. If everyone started easily and earned quickly then this product would be at the top of every financial magazine's advice page every week. This is why they have to pretend that numbers of users are limited, to get you to sign up without realising this is nonsense. This is another big red flag!
Moving on we can see this:
RISK FREE Daily Income it says! 97% Trade Accuracy. Well this is not only contradictory, it is also indicative that this is binary options trading, as 97% accuracy, apart from being an impossible lie, implies that you either win or lose. This infers binary options trading where there are only two outcomes. Win or lose, just like a bet. This means that it cannot be risk free and so these people are lying to us in print, which can only mean one thing - these people have no liability for our losses so they do not care how they get our money. This means they are fraudulent, and as such, not regulated in our territory. This is a massive red flag!
Moving on down the page, we see a map showing where all the winning traders are and how much they are making, some of them in Europe and North America. Seeing as binary options trading is outlawed in the US and Canada, and passing over location and financial gain (both personal data items according to GDPR) this section is completely illegal, this has to be a fake. In reality of course, it is just a stupid picture with no relation to any trades occurring anywhere, but with that little piece of deduction we can be sure this is a fraud. This is yet another huge red flag.
As is usually the case with scammers, they go on to pretend that they have been featured on CNN and other TV networks, with ridiculous claims like 'can turn one euro into 90k' which is so ridiculous it is hardly worth shooting down. If one were to invest 1k at these levels of profit you would have 90M which is, as you can imagine, impossible in a short time period. Yes, this is another huge red flag.
They then pretend they've been featured in Forbes and show various people who are supposed to be existing customers. Their lives have been changed forever by making a fortune doing nothing from a mobile device even though they had just lost all their money to COVID, Crypto, war or famine. This is just stupid.
Finally we get to the important point, the T&Cs, and here they are:
Important Note: Trading in FX and CFDs involves a high risk of loss due to the leveraged nature of the trading which might lead to the total loss of your capital and which might not be appropriate for all types of investors. Please read our full risk warning and the relevant broker you will be registered with to ensure that you understand the risks involved prior to proceeding, taking into consideration your relevant experience.
So they are explaining to us that they are just a forwarding service to unregulated CFD brokers who are actually boiler room scammers and will defraud us unless we really know what we're doing.
This is to explain that the 97% trade win is only if we heed the correct binary signals and are extremely lucky and it only ever happened once to one person who then lost all of their money on the next trade.
Our Verdict - Profit Builder is a boiler room SCAM!!!