Insider Legal Bot Review – Is It A Scam?

Welcome to my Insider Legal Bot Review. If you don’t know what this is it’s basically a fairly new binary trading app from a guy called Greg Marks. He’s come out & said that it’s totally different from all the other binary scams out there and that this one is more accurate.

There’s different rumors circling the internet, some saying that it works whilst others saying it’s a scam so I’ve decided to check it out for myself.

Firstly, I’d like to say that the intro video is pretty amusing and it immediately alerted a few red flags. Take a look:

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Legal Insider Bot

Now firstly, if you’ve watched the video you’ll notice claims that this is an “accredited business”, and that they’ve been accredited by the Better Business Bureau but frankly these claims just don’t appear to be true. To start off with they don’t link you over to any Better Business Bureau listing (which you usually would if you were accredited) and secondly when I ran a search for their listing over at the BBB nothing showed up. It’s not looking good so far! Sometimes companies make little white lies, but telling such large fibs in the opening video is often a big red flag!

So OK, maybe something messed up with their listing… Maybe they are BBB accredited but it’s just been a mistake – I won’t slam them just yet, I’ll give them the benefit of the doubt.

However, straight away another red flag crops up. Mr Greg Marks boasts that the software will produce a 100% winning ITM rate, but that’s just not true – no software or any other investor has been able to achieve such a rate – it’s impossible! The trouble is I don’t understand why he’s made such a strong statement because even if the software could generate an ITM rate of 70% it would still generate ridiculously huge profits. If he had have dumbed it down a bit it might have been a bit more believable.

So now it’s really not looking good, already 2 massive red flags and guess what… another one to come! The thing is on this one I can’t be certain, I need your opinion, because I think that Mr Greg Marks looks an awful lot like this guy from Fiverr:

Fiverr Greg Marks

What do you think – is it him? It certainly looks a lot like him!

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Maybe it’s not, I don’t want to say for certain because I don’t know for sure but I just thought I’d bring it up so that you can make your own decision.

But don’t worry, the Insider Legal Bot is covered for up to $500,000 in losses & it’s provided free of charge – wait, what? Such a thing doesn’t’ even exist – have you ever heard of “Insured Trades”? That totally defeats the whole concept of trading, if you could insure them you’d profit every time – doh!

Despite these supposedly insured trades I’ve still seen a few people online reporting that they’ve lost money with this system, so how’s that possible?

Well basically Insider Legal Bot tells you about your “insurance” in a really misleading way. Instead of being insured on your trades you’re actually insured from going into a negative balance with the broker. Still though, I wouldn’t like to be in a position where I was putting their so called insurance policy to the test – so beware you may still lose your money!

Who actually is this Greg Marks guy?

It’s a question your probably asking, seems he’s just claimed he’s launched software that can you yield you 100% ITM rates which are insured up to $500,000 (doh). In the video he boasts that he manages a seven figure hedge fund and that he created this software so that it could make his life easier by winning every time.

Now I don’t know about you, but if I had a million pounds to invest in a hedge fund I wouldn’t be letting it get managed by a guy that’s going to be trading it in binary options! Maybe he found a couple of dumb millionaires (do they exist?), or maybe he’s just not telling the truth.

My Conclusion.

Well from all what I’ve mentioned above it just looks to shout out SCAM. Personally I’d stay away from it, but if you have already got involved and are reading this review afterwards then I’d love to hear your thoughts – was I wrong? Does it actually work?

 

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About the Author:
I'm Dale Rodgers, a former electrician that discovered how to make a full time income online. I've put this blog together to share what I've learned so that I can help others do the same. Read more about me here.

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