Profit Genius, found online at ProfitGenius.co, is a new money making opportunity which promises people a way to make anywhere between $563 and $3255 each and every day, with almost no time and effort.
Profit Genius gives people access to software that works with a binary options investment platform. Because this software is so new, members will be considered Beta Testers who will be using the software while the company is perfecting it.
In the meantime, however, you are told that you can use the software completely for free, and continue making money even after the final product is rolled out.
How Does Profit Genius Work?
Binary options are a specific kind of investment where customers look at the current valuation of a stock and decide whether they believe that stock will either rise in value (Call) or fall in value (Put) during a specific time period which ranges anywhere between one minute and six months.
The promise of the Profit Genius software is that investors will never need to decide on their own whether a stock will Call or Put. Instead, the software will tell you what to choose, and all you have to do is place your investment for the chosen time period.
What to Consider
In order to use Profit Genius, you must sign up with the specific binary options trading platform that they choose, which is currently a website called Binary Book. And though Profit Genius says that you can use their software for free, in order to get started with Binary Book you must deposit money into your trading account and most of these companies ask that you provide a minimum of $250 to begin.
Another issue is the completely arbitrary promises they make to their customers about the kind of money they can earn, claiming that using their software will provide you with a minimum of $563 per day, which translates to almost $205,000 per year, just for clicking a button when they tell you.
There is absolutely no way they can guarantee those kinds of earnings, and of course they don’t. Their website includes a disclaimer which explains that the earnings they promise are not guaranteed, and in fact binary options trading can be very volatile and often results in people losing their investment rather than making any money, regardless of whether or not you are using this magical software.
The bottom line is that you should never invest any money that you don’t feel comfortable losing, and there is no such thing as special software that will guarantee you any earnings. The responsibility of choosing when and how to invest your money is entirely yours.