CanadianProfitSystem.com Review is it a Scam?
To write about CanadianProfitSystem.com is to write about Binary Options because the reality is CanadianProfitSystem.com is nothing more than a promoter of a binary brokerege company. It’s hard to sucker people into joining Binary brokerages so what most brokerages have decided to do is use affiliates to promote them. Binary options unlike other financial derivatives that are traded on Bay or Wall street are NOT REGULATED. Binary options again aren’t regulated, despite what most people on the right political landscape will tell you regulation does to a degree gives passive investors protection from scams.
For those of you in a rush based on my reviews CanadianProfitSystem.com is not legit and is indeed a scam!
Binary Options Are Not REGULATED
In Canada a person has to take some form of training before he can sell you a mutual fund for example. When it comes to Binary Options anybody can sell it to you. Not only can anyone sell you a binary option but there is no law preventing them from promoting binary options in a similar fashion as CanadianProfitSystem.com.
Although CanadianProfitSystem.com maybe new to you the truth is there are tons of sites just like it vist the “TheCanadaSystem.com” it’s almost an exact duplicate of CanadianProfitSystem.com. There used to be one called “the canuck method” that site was shut down and “canuckmethods.com” is now launched. There are so many of these sites all of the net that as I’m writing there could be another one being launched.
Final thoughts regarding TheCanadaSystem.com
I’m not writing this post to tell you what to do with your time or your money, but what I will say to anyone reading this, the majority of the monies being made on binary options come either from promoting a binary options brokerage or owning a binary options brokerage. If you going to join a binary options brokerage think about this you must reach a threshold or you must make a certain amount of money before you can withdraw your money, there are also FEES to withdraw your money but on the other end for you to deposit or give the brokerage that TheCanadaSystem.com is promoting money; that’s an easy process, they’ll gladly take your money.
The people or entities promoting the binary option brokerages are given big commissions once you give up your rights to your money and you the customer take on all the risk. One of the reasons why a large number of people call binary options scams is because it’s at the brokerages discretion on whether they’ll release your money or not. Be certain to read the terms and conditions prior to joining because often when these binary option brokers go bust they simply disappear and then re-appear using another name. This is why there are duplicates of the CanadianProfitSystem.com website.
Because once a brokerage goes bust they have to recreate the scam using a new name. However the CanadianProfitSystem.com webpage has been proven to be a winner in regards to getting people to sign up so they’ll reuse the webpage, change the binary options broker and repeat the scam.
With all that said if you want to sign up for Canadian Profit System or any of it’s variations don’t let me stop you. i wrote this to give you the reader the knowledge I thought would be important prior to you making your decision but I am by no means trying to tell you what to do with your time or your money. I do think CanadianProfitSystem.com is a scam I also recommend that people read what wikipedia has to say about binary options prior to joining any binary options brokerage. https://en.wikipedia.org/wiki/Binary_option
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