The Smart Profit System is a new binary options trading program created by Dan Anderson who says his system is guaranteed to earn you money “every 60 seconds.”
Binary options is described by Anderson as being a way of trading currency, commodities, stocks, and more with a fixed rate of return. The trader decides whether the price will go up (call option) or down (put option).
Anderson says the Smart Profit System guarantees a 76% fixed return on your investments, and he’ll even let you practice with a demo account for free before you fund your own account and become an official member.
Understanding Binary Options
According to Forbes, financial experts want people to understand one very important thing about binary options: this is not investing, it’s gambling. Deciding whether a stock will go up or down within a fifteen minute window has nothing to do with traditional investing.
They say that, like gambling, binary investing is always skewed toward the house. This means that you will have to win the majority of your “bets” in order to even come out even, before you begin making money.
And finally, because it is not investing, it is not regulated in any way. Actual investment companies are held accountable in a variety of ways by regulatory agencies. This is not true of companies that specialize in binary options.
Is Smart Profit System Real?
The Smart Profit System seems remarkably similar to all other binary trading companies. They guarantee fixed rates on return, tell you that part of the strategy requires you to lose sometimes, and promises to let you practice for free.
But all of this is leading up to a day when you will be expected to do two things. The first is to actually begin trading with your own money. And the second is to become a member of Dan Anderson’s program so you can log in to his videos which will teach you about binary option trading strategies.
The only reassuring thing about this program is that they claim to use a third party payment processor, Clickbank. Clickbank guarantees that all transactions that go through them will have a 60 day, no questions asked money back guarantee.
But this only applies to purchases made through their processor, and obviously this guarantee does not cover the money you’ll be investing, just the fee you pay for the strategy information.
Before deciding to invest in a system like this, it’s always best to do as much research online for free in order to know what you are getting into.