The Bonus Busters Review- Scam Or Just Cheesy?

Posted by Vince in Not Recommended | 0 comments

Of all the scams I have tried and reviewed, this one takes the cake. I’m so used to seeing repetitive and recycled ideas involving the same people (most often, Fiverr actors) with the same hype (fake timers, sales videos with bad acting, fake news clips) and I must admit, The Bonus Busters has none of these. That still doesn’t take away the fact that it’s a scam but we’ll get there. The creators must have thought it out and realized they should tread a different path in terms of marketing. And admittedly, it might just work for those vulnerable and naïve people scouring the internet for easy means of making money online. You can blame them, though. We’ve all been victims once which is why it’s our moral obligation to expose these scammers.

Magic, Really?

First things first, according to the owner of the site, you’re about to witness a magic trick that will double your money. Before you think “this must be another networking”, I’ll stop you right there because it’s not.  Alex Goodman, the narrator and creator, debunks other fancy bots that claim to have 90-100% winning rate. He even goes to say the ones making money are the brokers. Well, he’s right on that one. The sales pitch is pretty long and he says a lot of BS so there’s no need to go into details about that. Although he did spill plenty of the binary options scam modus.

Here’s a quick summary of Alex’s spiel:

• 58% win rate
• He gets a 5% commission from your earnings (he relies on the honor system, by the way)
• He doesn’t want a lot of people to know, especially the brokers
• Targets high frequency trading to minimize loss
• His bot will allow you to complete the minimum number of trades (so you can withdraw) without losing
• It preserves your capital and wins trades
• The proof of earnings is not in fake bank account screenshots but in his blog (his documented journey)

If you haven’t heard about binary options scams before, this all might sound convincing. But don’t be fooled. Alex and his associates weren’t that careful and there are several loopholes in his system which are dead giveaways of the legitimacy of his software.

1. Your profit will depend on how much money you deposit. I was surprised by the calculator in his site. Well, so much for hating the brokers and programmers and how they teamed up to siphon money off other people.
2. BinaryBook is the recommended broker (He talked about this, didn’t he? The guy really can’t practice what he preached.) and although it’s way better than the offshore haven found in Cyprus etc., it’s still based outside the United States which makes it difficult should you encounter any problem with the software and your deposit (which is very much likely to happen).
3. The Bonus Busters is on Clicksure. He doesn’t want a lot of people to know about his bot and YET he’s encouraging affiliates and giving away a hefty $250 commission. Add that to the fact that Clicksure has a pretty notorious reputation of catering to shady companies and scams. That’s a really bad combo right there.
4. It’s on Quick Cash System. It’s a fake review site supposedly showing whether something is a scam or not. Unfortunately, they’re an affiliate which is why they contain nothing but positive comments about the bot.

VERDICT:

This may not have been “programmed to fail” but it sure was not designed to work. Binary options is a very risky type of trading and there’s no technology, algorithm or glitch that helps people win ALL the trades. Sure, there are those who made serious money off it but those are seasoned traders. They have strategies and they don’t use software to trade for them automatically.