The hardest thing to do in this world is to earn money or is it so? When it comes to Binary Options Trading, it seems as if it is the easiest thing instead! The Internet is replete with software and brokers which assure you of mind-blowing profits with zero risks and for Free. But, we know how to catch the lies around which the castles of deception are built. Our experience in binary options trading enables us to protect innocent people by warning them and from falling victims to vicious scams. Today, we review the Passive Income Bot software. You must have heard of it as it is doing the rounds over the internet.
What does the Passive Income Bot offer?
The Passive Income Bot is an auto-trading software using which it is claimed that one stands a chance to earn over $50,000 per month. The software and its features are introduced to us by Carl Razinski through the video. Carl, who was a math and computer teacher, discovered some co-relation between non-linear equations and trading. He claims to have found out a method by which mathematical equations be put to use for predicting trade outcomes. Carl, allegedly worked with one of his own students Mark Foster, to set things up. Mark helped him in setting the architecture the software stands on. We are told how Carl hired a team of developers from investment and banking domains to build an easy to use software with minimal human intervention required.
The result is what we see in the form of the Passive Income Bot. It is capable of winning 85% of the times trades are put. The software has been developed so as to reduce the ‘learning curve’ needed for trading. A risky and skill intensive area of trading has been allegedly transformed into something easy and risk-free. Carl asserts that the Passive Income bot software would be a private ATM of sorts from which money could be withdrawn at will. While throughout the website, it has not been clearly mentioned, we referenced the FAQs section to find out what minimum profits one could expect. We were greeted with a vague reply of incomes in “5-figure category”!
Passive Income Bot is a Scam
Let us tell you frankly, that the moment we saw the big fat figure of $50,000 per month on website of Passive Income Method Scam, we knew that this software would also be a scam. Not just this amount but we unearthed many pieces of evidence that are sufficient to debunk this software. The most shocking truth that was a revelation even for us was the discovery of the real kingpin behind this scam. It’s a person named Asaf Weinstein who is the owner of a few websites. He hides his identity in the virtual world by using the name Patrick and using a stock photo purportedly used to represent him. We used to admire him for his efforts but lately he seems to have started misusing his blogs.
The Passive Income Bot scam website seems to have been erected in a short time and lacks all sorts of detail and information. Any legit website has a unique feel about it. But, in this case it is observed that only the most important things are covered and the rest are just covered up. We noticed a few grammatical and English mistakes which speak volumes about the intent and quality of the software. Any professional website would never let such things to happen.
Actors – Carl and Mark
Yes, the heading is perfectly true. Even after a thorough search, we could not find out anything about Carl and Mark. We tried searching on the internet, but all went in vain. Our search on LinkedIn did show one Mark Foster as a student but did we not learn that he left MIT to take up more “challenging projects”? We however managed to prove that Carl is no teacher. Did you notice the picture where Carl is seen interacting with Chinese students? That photo is just a morphed version of the real image you see below. The real image of the Director of Tianjin Foreign Language school has been superimposed with an image of the so-called teacher Mr. Carl. What a disgusting way to drag a noble profession of teaching and student-teacher relationship into a scam! This is an example how low these scammers can go. You can check real image – http://www.dipont-edu.org/schools-tianjin-fls.php
Like always, the scammers tried hard to cook up a false story around the algorithm this software uses. In their quest to show the unique and advanced features of their algorithm, they forgot to think about a basic concept. How can the principles and rules of mechanical engineering be related to trading? How foolish is it to present such an amusing fact!
Another interesting claim put forward is the use of non-linear equations of mathematics to predict the trade outcomes. Well, this one is better than the previous claim. Someone weak in math may even get impressed by such a statement. But, let us again tell you that linear or non-linear equations have just nothing to do with trading. Binary Options Trading depends on a lot many market variables and factors, and cannot be represented in the form of any mathematical equations. Just think, if Trump has won the Presidential race from Hillary, can this event be summed up in the form of an equation? But, the event affected the financial markets big time.
Is it for Free?
Well, this is getting monotonous now. All the scammers offer their software for do and pretend to be doing social service, whereas, their real intent is different and downright vicious. Did you notice that you are never allowed to trade with your current broker and are forced to choose one among the few their software ‘supports’? The reason why it is so, is simple. The broker’s list features those who pay the scammers to get people like you registered with them. The scammers only interest is in your signing up and coughing out the mandatory minimum trading balance.
Best Binary Options Robot With Good ITM Rate
We hope this Passive Income Bot review was helpful for you. The Passive Income Bot is the devious work of the people we have exposed today. This along with the Binary Profit Method software must be avoided. You can also read our Binary Profit Method review.