Private Profits Club Review
An automated robot offers the opportunity to trade on the binary markets without needing to be sat at your computer. In general they will allow you to establish your own parameters and then it will trade on your behalf. The Private Profits Club is one system that operates in this way. These are generally very popular with new traders who do not yet fully understand the market. However, this lack of knowledge also makes them susceptible to the many scam artists within the industry. Read on to find out if the Private Profits Club is genuine or not.
Private Profits Club – The Facts
The minimum deposit to get started with the Private Profits Club is $250; an industry standard. The actual software is free and provides an 85% rate of return. However, there is very little information concerning the Private Profits Club; its developers and the technique it uses to generate good returns. In addition, it only uses unlicensed brokers; which always suggests there is an issue.
To illustrate the lack of information you will find that the Private Profits Club was started by Mark; there is nothing else about him!
Using the Private Profits Club
This is exceptionally simple. You register on the Private profits Club site and then follow the link to your appointed broker; who is not regulated. Once you have created a trading account you can add your initial funds; $250 is the minimum. There are several settings which can be adjusted to ensure the trades match your risk level. The Private Profits Club will then monitors the markets locate profitable trades and complete the transaction on your behalf.
Summary– Is Private Profits Club a scam?
Yes, it seems highly likely that Private profits Club is a scam. There have been many complaints over the service; in particular the inability to access funds and an inability to provide the expected profit level. Combining this with the lack of attention to detail should tell you that it is not worth committing to the Private Profits Club.