There is a new scam had been launched this week, called the IO System (iosystem.co). Whatever income claims that you saw on the website is not even real. It is obviously targeting newbies to make money online, especially in online trading. Don’t get us wrong. People do make money online with the trading stock market, forex or binary options, but you cannot get that kind of income with IO System.

Can you believe that you will be making $500,000 per month with this system?
If you browse to the iosystem.co website, you will realise the unbelievable income claim there. There is no way you can make up to $500,000 per month with the system. In case you are curious, IO System is actually about binary options trading.

Binary options are basically about earning money in short period of time by choosing call or put. For example, if you think that the asset, let say GBPJPY, is going up after one hour, then you can choose the amount to trade, let say $25 and then choose call. Otherwise, if you think that this currency pair is going down after one hour, then you can choose put.

If your prediction is correct, then you will earn back your initial investment plus 85% from the amount invested. For example, if you invest $25, then you will earn $46.25 by the end of the time period. Otherwise, if your prediction is wrong, then you will burn out all $25.

It is actually not gambling since you can manipulate charts and the market conditions. Professional traders, whether stock market or forex will know how to use the charts and news to their advantage.

IO system website

This product is being advertised as free
One thing that attracts most people when comes to trading software like this one, is the fact you can access the dashboard for free. Yes, we agree that if you sign up on the official website by using a real email and phone number, you can access the member’s area for free. However, in order to make the money, you still need to deposit at least $250 into the recommended broker account.

Save yourself the time. We have access to the member’s area by the way
In case you are wondering, this is how the member’s area of IO System looks like:

io-system-software

Yes, this is actually a signal system and you need to deposit funds into the recommended broker account in order to trade. It actually trades currency pairs, such as EURUSD, GBPJPY and so on. As you can see the pop-up ads in the member’s area distracts us from seeing the entire dashboard. Yes, just like being mentioned before, you need to deposit money into the recommended broker account to trade.

Do we recommend the IO System? Of course not
This system is totally a scam and we don’t recommend it to anyone who is reading this post. Don’t get us wrong, yes it is possible to make money online with trading binary options, but if you think that the IO System is a good start, then you will be disappointed.

For a few reasons:

1. This product doesn’t have some kind of indicators that you can set and trade one. In case you didn’t know, you cannot make predictions whether to call or put in trading, without a strategy or using indicators. A real trading robot must come with certain configurations, known as the indicators in order to detect whether the market is going up or down.

indicators- trading-robot

 

2. You cannot test this app on a working demo account first. Professional traders will always choose a binary or forex broker with a demo account, before putting their real money on the line. Yes, there are tonnes of binary brokers providing a trial version of their trading platform known as the demo account. In a demo account, you will be given fake money to test one particular strategy until you are confident and ready to deposit real money into a real account.

3. You cannot choose a real, regulated broker. Another problem with binary options software like these is the fact you cannot choose any broker that you like. You are assigned only one particular broker and then deposit the money.

Alternative to IO System
Professional traders rarely use a trading robot, but in case you are new to online trading, then a robot might help. We cannot find any other robot that can trade and make the money just like the Option Robot system.

Up until now, Option Robot remains as our #1 recommended trading system. And yes, you can test drive this software on a demo account first, before putting real money on the line.

You can check out our review of Option Robot here, or you can also browse the Option Robot homepage.

Other than that, you can also read our top recommended binary options program in this post.

Rio Profits is just another remake or should we say imitation of Tesler App, a scam binary options software that’s just gone viral. Other than professional looking videos and testimonials, there is nothing special about the Rio Profits software.

A little bit about binary options trading, in case you are new
The fact that you are almost fallen into the Rio Profits trap, means that you are new to binary options, or make money online. Just like being mentioned above, Rio Profits is actually a binary options software. Binary options is a new trading system where you can make money by just choosing call or put.

For example, let say you think that the asset, EURUSD is going up, then simply choose call. If you think that this asset is going down, then choose put. And then, let say you choose to trade $10 for this asset. If your prediction is correct, then you will gain $18. In other words, the binary options broker will pay you $8 for making the right decision. Otherwise, if your prediction is wrong, then you will lose all $10.

It is not gambling or something like that, by the way, since you have things to manipulate and win the trade, such as charts or perhaps market news. However, yes it requires skill, knowledge or perhaps some kind of software to help.

Can you earn $237 per hour with Rio Profits?
If you look at the Rio Profits app, you probably want to believe that you will be making $200 per hour with this system. The big question here is, can you really earn that kind of money? The short answer is no. Yes, it is possible, but you have to bet a huge amount of money for each hour and get ready to lose lots of money per day.

Rio Profits website

The good news is, Rio Profits is “free” but with a catch
Yes, if you entered your name, email and a real phone number into the website, you can access the dashboard of Rio Profits software for free. In case you are wondering, we even have the screenshot of the member’s area. The popup prevents us from seeing the entire member’s area, but as you can see, it is actually quite similar to the Tesler App, which was being reviewed before in this blog.

Fake testimonials of Rio Profits
If you scroll down the Rio Profits website, you will see lots of testimonials of this software. Believe us, all the testimonials are just fake and the images there are actually pulled from other websites, selling free photos. In other words, those are not even the real customers of this system. They are just images or photos pulled from certain websites and then being made just looks like real customers.

There is no app on Google Play or Apple App Store
Again, if you scroll down the Rio Profits website, you can see that this system is being advertised as available on Google Play or App Store. However, if you clicked on the Google Play link, you will be directed to the sign-up page of this software.

What if you want to withdraw from the broker account?
Another fact that we need to highlight here is Rio Profits is recommending an unregulated binary options broker. This is important since people who are surfing this site times and times again keep contacting us on how to get a refund from a get rich quick system like this.

If you are new to trading forex or binary, there is a huge difference between a regulated binary broker and the unregulated ones. Regulated binary options broker allows anyone who deposited money into their company to withdraw. Yes, they are licensed and usually the license numbers as well as the government agencies who gave them the license will be mentioned on the about page of their website.

On the other hand, unregulated binary brokers are not even licensed. Therefore, if you already depositing real money into the broker account, then you have to say goodbye to your hard earned cash. You can try contacting the broker, but then good luck with that.

Verdict – do we recommend Rio Profits?
Of course not. This is not even a real system that works. It is actually just another binary options system to promote a new binary broker. If you want to make real money with Rio Profits, this is not the system that you should go for.

Alternatives to Rio Profits

We highly recommend that you go for Option Robot or at least one of the software being listed in our recommended list. For a few reasons:

  • Demo accounts. Option Robot can be tested on a demo account first before you even putting real money on the line. You might not know this, but almost all legit binary options and forex brokers come with a real, working demo account. A demo account is a trial version of trading account where you will be given fake money to test the strategies or robots for one month or two before putting real money on the line. In other words, if the software or system works on a demo account, then it will be safe for you to deposit and then trade with a real account. Make sense?
  • The ability to choose your own trading settings. Any experienced trader will always choose the right settings to trade. There are tonnes of indicators when comes to stock or forex trading. The same goes for binary options. Different indicators will produce different results and therefore, you need to choose the best setting according to your budget, trading time etc.
  • The ability to choose your own broker. Option Robot doesn’t just work with one or two brokers. You can choose any broker within the system and start trading. And yes, you can try those on a demo account first. If you don’t like one particular binary broker, then you can move on to another.

For further details, you can check out our Option Robot review or the official Option Robot website.

There is a new scam being released to the web called Epix Trader by Mark Evans. If you watched the video, Evans says that he and his wife has developed a binary options trading app which is supposed to make you tonnes of money. 

Is Epix Trader really good as it claims to be? Keep reading


Is Epix Trader for free?
One big selling point of Epix Trader and tonnes of other binary options apps we’ve seen before is the fact it is being advertised as free. For one good reason – newbies who are new to online trading are looking for something that will make them money fast, on autopilot, but at the same time, they refuse to spend a dime on programs like this. 

The fact is, this software requires a budget to operate and make it works, in other words, it is not free. Yes, you can see the member’s area of Epix Trader by entering your real name and email as well as a phone number and then you can see how the member’s dashboard looks like. However, in order to make this software works, you still need to deposit 

However, in order to make this software works, you still need to deposit money into their broker account. 

Mark Evans And Tina are not even real person
Did you believe that they are real traders? Sorry to disappoint. They are actually paid, actors. In fact, you are careful enough and read the website agreement page (http://www.epix-trader.biz/websiteagreement.php), it is a confirmation that both of them are paid, actors. As a matter of fact, you cannot expect positive results from this program. 

What if I deposited money into the broker account?
Another big problem with this program is the fact you need to choose only one binary options broker to trade and make the money with their software. They might promise you that you can withdraw the fund anytime, but in reality, that is wrong. 

The broker of Epix Trader is unregulated and therefore, once you’ve deposited money into the broker account, you can to say goodbye to that money forever. In case you are new to binary or forex trading, there is 2 type of brokers. One type is regulated brokers, which obtain the license from a local government, such as CySEC, ASIC and FSA UK. Another type of broker is new brokers, which haven’t yet obtain any license. If you’ve deposited real money into a fake or unregulated broker, then you have to say goodbye to your money forever, because they won’t allow you to

Brokers with valid regulations follow the law of local government, unregulated ones do not. If you’ve deposited real money into a fake or unregulated broker, then you have to say goodbye to your money forever, because they won’t allow you to withdraw. 

Verdict – we don’t recommend Epix Trader to anyone
If you really want to make the money, Epix Trader is not the software that you should go for. While making money with binary trading is possible, but too bad Epix Trader won’t help you to do so. 

What to look for a binary options broker/software
If you want to make money in the long run with binary options or forex trading, then learn the technical analysis yourself. We highly recommend that you do your research and follow the following criteria before choosing a good binary options software:

  • That software must be able to be tested on a demo account. Anyone who is new to trading will tend to make a mistake. Even if the software or trading robot claims to have over than 90% ITM, there is still chances that you will lose money. On the other hand, if the robot can be tested on a demo account first, then that is another story. A demo account is a free trial version of trading account where you will be given tonnes of fake money so you can see whether one particular tactic or strategy will work or not. You can trade with confidence and deposit real money only when ready. 
  • The ability to choose brokers. One broker might have features that others don’t. This is why it is very important for one particular software to give you the ability to choose your own broker. 
  • Lots of customizations. Real traders will trade based on indicators, such as candlestick pattern, MACD, moving average and more. Therefore, it is important that one particular software comes with these customizations, so you can adjust the settings, turn on or off the indicators, manage your budget and more. 

Looking for an alternative?
We highly recommend that you check out our #1 recommended app here, Option Robot. Or you can also check out other alternatives in this post.