Power Profit Platform is being offered as an automated trading system that will cover the cost of losing trades. Can this be true or is Power Profit Platform a scam? We had to find out. Our review reveals that is a big scam with no basis in fact. We shall now explain how we know it is a scam and provide all the evidence in this Power Profit Platform review.
What is Power Profit Platform and Who Owns it?
George Serriton has developed and owns PowerProfitPlatform.com. It is a trading system that works entirely on autopilot and it has been designed to return the amount of money that has been placed on losing trades in binary options, so there is no risk of financial loss. He claims that the Power Profit Platform software does this with a piece of code that allows it to work with several different brokers.
The Power Profit Platform system has a 72% win rate from 25 signals each day. The 7 losing trades are converted by the software so there is no loss incurred. George Serriton promises that with this system, binary options trades can generate a daily income of up to $2,500.
The Power Profit Platform App is said to be available only to twenty-four new members. No trading experience is necessary to use it and no knowledge of binary options is needed. The software is free until you have made a million dollars!
How is the Power Profit Platform Supposed to Work?
The Power Profit Platform is based on a system devised by George Serriton, who lost his entire deposit when he first started trading. A friend of his who worked at a brokerage told him that it was possible to turn a loss into a tie, which would return the amount placed on a losing trade. The Power Profit Platform was developed with the help of some secret contacts who work for various binary options brokers. By placing a piece of code into the software, the first eight losing trades each day are automatically reimbursed.
Is Power Profit Platform a Scam?
Our review shows that the software offer is a complete scam and that trading with the system will not generate $2,500 every day on autopilot. It should be obvious from this Power Profits Platform review that the people behind the scam are trying to target new traders with no prior experience and those who have previously failed with binary options, so they will fund broker accounts and start trading with the software.
There is no such person as George Serriton, or that is not his real name. Our online searches for this review revealed that his picture on the Power Profits Platform website has been taken from another website. In fact it appears more than once on Pinterest under different names. We could find no social media accounts or any reference to a trader by the name of George Serriton, except in connection with the Power Profits Platform scam!
It is clearly stated that in the video presentation that the Power Profit Platform has a 72% win rate, but there is no information about how this is achieved. Power Profit Platform signals must be based on some sort of market analysis and there is no explanation of what this might be. There is no way that we could verify for this review any of the results made in statements about the performance of the Power Profits Platform App.
The statement about 25 signals each day resulting in 18 wins and 7 losing trades is over-simplified for this scam. Anyone with experience in binary options knows that a success rate is only an average. In the highly volatile markets there will be will always be some days with more than 18 winning trades out of a total of 25, but on other days there will be more than 7 or 8 losses.
There are photos shown in the video, and on the website, of people who say they have tried the system and they are happy to give it a great review. However, their identities use stock images taken from websites that have nothing at all to do with binary options or testing auto trading software. The traders who are named by Power Profits Platform as Debby and Suze have different names on the original websites where their photos appear.
The Power Profits Platform website shows rapidly changing figures for what are supposed to be the number of people watching the video at any one time. The number of spots available is supposed to be limited to 24 new members, and it is even suggested that there is only one spot left, but there is always a spot available when you open up the website. It is just another tactic used to get people to fund a broker account.
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The story told in the video about being able to manipulate broker accounts to get a refund for the first 8 losing trades each day suggests that there must be some illegal activity involved in using the software provided by the Power Profits Platform.
If there really were some secret contacts involved in setting up Power Profits Platform, to ensure that coding in the software works with certain broker accounts, that would place those brokers in danger of being closed down as soon as it is discovered that there is sort of manipulation going on with their customer accounts!
Conclusion – Power Profits Platform is a Scam.
The offer of software that will recover the cost of 8 losses each day through a piece of coding is an obvious scam. If the system was legit there would be no need to use false names and to fake the identity of the owner. In this review we have revealed a lot of lies and deception being used to promote the Power Profits Platform, which proves that it is a scam.
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