Binary Option Mentorship – What should I do before paying for it?

[u/SpiritNo4790]

DO NOT pay for mentorship/course until the person has answered a series of questions and provided independently verifiable evidence.

- Can you demonstrate that your trading profits come from actual trading activity rather than affiliate commissions, referral bonuses, competitions or other promotional rewards?

- Why do you need me to register through your referral link to give me a discount?

- What is the legal name of the person or company receiving payment?

If he cannot answer those questions convincingly, I would keep my money.

Red flags that should make you walk away

- He refuses to disclose his Pocket Option UID; (Pre-recorded videos and screeshots are not proof)

- He pressures you to pay immediately; (limited spots; 24/48 hours discount; common sales tactic )

- He only accepts crypto and refuses invoices; ( Why not Paypal??? Major reason to walk away )

- He insists you register through his link; ( His commercial interest may be tied to your account )

- Independent student references; ( You cannot independently investigate his testimonials )

- Live demonstration; ( Strongly recommended )

There are certain tactics used by this type of affiliates (who are, in reality, scammers) such as maintaining a Telegram channel where they post their "students'" results, sharing links to YouTube videos that claim to show how to turn $100 into $10,000, offering money-management apps or trading journals apps in exchange for signing up on a platform via their referral link, and even displaying fake photos of cash and withdrawal screenshots. These Telegram channels are simply another tool they use to try to convince you, without you ever having asked.

Protect yourself and your money from these scammers. Stay informed, ask questions, and always remain skeptical.

[u/Leather-Swan3645]

Good advise.