The Binary Brain Trust software is nothing more than the latest scam in a sea of new scams. This is yet another website that claims to have hit gold with their software. With an intricate, yet uninformative, video “describing” the product and making empty promises this is yet another copy paste website that uses a number of marketing tactics to lure inexperienced traders in.
Product Name: Binary Brain Trust
Founder & Chairman: Martin Clayton
Official Website: www.binarybraintrust.com
Potential Profit: $5,000 a day
Minimum Deposit: $250
Not only is this software a complete scam, but as it turns out the “carefully” selected broker that they claim to have worked with over the last 4 years is turning out to be a scam as well. Not to mention that they have been around only since 2016. Already proving that their math skills are far from impressive.
What is Binary Brain Trust?
The official website consists of two pages. Within these two pages, or should I say sign-up steps, you are informed that this is a software that is absolutely free. Somewhere in there they clear things up and note that this is a binary options software with auto signals to do your trading completely automatically. Once you sign up and deposit the minimum of $250 with the selected broker your account will be linked with theirs and trades will be done automatically by means of the signals provided by them.
The whole thing is meant to completely confuse anyone that has never traded binary options before and the lack of transparency and real information is the first sign that this is nothing more than a scam.
Why is Binary Brain Trust a SCAM?
Well, if you are not familiar with scams it’s easy to miss the signs. They are quite convincing in their video and insist that you watch it in full as you are not given any control of it. In hopes of learning more about this shady software you wait patiently watching the video which will take up nearly 14 minutes of your life. As you watch on the right the number of spots available decreases. By the time the video ends there are only a few spots left. At this point most people without experience with scams will immediately sign up because, well, how could they miss such an opportunity.
Clearly though. This is no problem. The available spots have been sitting at zero for the last 2 hours as I researched this website in depth and I was still able to sign up, what a surprise. Obviously, I think it’s unnecessary for me to point this out, this is nothing more than another marketing tactic.
The Videos on Binary Brain Trust Website
I love videos like these that have every single word written out like this because it gives you an opportunity to go sentence by sentence and point out how each is a complete lie.
Starting with the founder Martin Clayton. This guy does not exist. Surely you didn’t believe that he is really out there. Surely, there may be someone by that name out there, but it’s not the guy talking in the video, and certainly not the founder of this software. I have searched for him high and low, tried to find some professional background or history, a social media account, anything. There is nothing about him anywhere.
This guy talks throughout the entire video except for some very enthusiastic woman in the beginning. They do not use Fiverr actors, or at least do not use their faces as I am almost 100% certain that these recordings were done by an actor found on Fiverr. It is far easier to find the actors when they are in front of the camera though.
The Empty Promises of Binary Brain Trust
So, continuing with the video he goes straight to the point. You are given an opportunity to make $5,000 every day the way it has been making for members over the last 5 years.
That’s an interesting point considering that the software is online based and this website has been up since 2016. Now, this is not guaranteed proof as perhaps they have been working under a different domain, still, rather shady if you ask me.
Then, they push this information:
Interesting how they push this considering they don’t even provide their contact information or phone number. There is no information as to where exactly they are regulated or even registered. I have done a bit of research with the FCA in the UK and CFTC in the US and found no company under this name. Perhaps they are regulated elsewhere? We’ll never know because they don’t share this information, only repeat this lie over and over again. For it was true, they would certainly want you to be able to confirm this fact as it will only do them good.
I love how they repeat now nothing is required from you, how it is all free, how they are just generous like that and just want to make you rich. Really. Well, doesn’t that just sound too good to be true.
So, how does this amazing money making scam work? Well, they claim that all profits they make become yours as well. Basically, this is an automated binary options software with signals provided by them. When on auto it does all the trading for you, losing yor money faster.
Now, let me remind you that this website has been active since January of 2016. Yet, not only do they claim that they have been making their members $5,000 a day, but they even provide proof with fabricated bank accounts from 2015.
They take their $5000 a day profits and up it to $1.2 million a year. Which, if you ask any experienced trader in binary options, will tell you that this is certainly a serious feat if not impossible. You would have to make very high investment per stock, make a seriously high investment deposit, and you would have to be extremely lucky. Not to mention that there is no binary options software out there that can even guarantee you half of this, you know why? Because it’s impossible.
So, then comes the push for time. Not only that, but the reminder how they are heavily regulated. BY WHOM!? They offer only 57 spots. First, what’s interesting is the fact that you can clearly see that there are 0 memberships available at the time of me “signing up”. Not only that, but with so few spots available and such an “effective” system wouldn’t you think that filling them wouldn’t require such a sell website to push you to fill the spot? If it were true people would be going nuts and fighting for these spots not the other way around.
Their marketing isn’t so great when you take a look and their Live Trade Table shows the latest trade being in 2014. Very reliable I am sure, and those really are their live trades, interesting.
The Broker Binary Brain Trust has Selected
Once they started discussing the broker I was eager to find out about these guys. I have seen TitanTrade numerous times associated with numerous other similar scams. Here they claim that they have worked with them for the past 4 years.
Unfortunately for them, their math isn’t so good because TitanTrade was founded in 2013. You can confirm this in the TitanTrade about us page.
The broker TitanTrade is not regulated, there are NUMEROUS complains about people having problems with withdrawing their money, there are complaints of charges to Credit Cards without permission, added bonuses without consent (this is to tie the trader’s money until required trading volume has been reached), and numerous other issues.
The Binary Brain Trust Software
Well, I got to the software and what do you know. It looks quite familiar. This original, so incredibly profitable, and so well advertised and marketed software is nothing more that the absolutely identical scam as numerous others.
This identical software has been used by similar scams such as Glory Trader, TauriBot, Trade X Confidential, Triana Soft and many more. All of these have already been confirmed scams with numerous individuals complaining due to loss of money, being logged out of their accounts upon deposit, and various other issues which lead to everything but profit.
In conclusion, don’t waste your money a software such as Binary Brain Trust because all you will do is lose your money, your dignity, and most likely your identity as the website is far from safe.