The Pearson Method is a binary options trading platform that claims to earn millions of dollars for traders by generating fully automated trading signals and placing trades on autopilot. Tim Pearson is the creator of Pearson Method and claims it has earned him 1.5 million dollars in just under a year. Pearson claims his trading software can earn traders upwards of 100 dollars a minute.
First of all, we need to keep in mind that no binary options system can earn traders a million dollars in just a year, unless of course, they are willing to invest huge amounts of their own money in doing so. This is just not realistic. Based on these grandiose promises alone, we have our doubts about the legitimacy of this automated trading system.
Basic information:
Cost: Free Software: 100% Automated Max Returns: Up to 85% Minimum Deposit: $250 Countries: All nations
Pros:
Fully automated
60 seconds trading
Cons:
Unrealistic trading ratio
Does not produce the profits they initially promise
No response from customer service
Too many negative reviews
7BO Verdict:
Not Reliable Service
How does it work?
Pearson Method is a fully automated trading system that analyzes the latest market trends and data and generates signals for traders based on that information. The signals are supposed to be based only on profitable trades so traders are guaranteed to earn a consistent profit with Profit Genius. The Pearson Method works the same as any other binary options trading system.
First, you must create an account by entering your general information, and then you must register with one of their official brokers. Next, you must fund your account with a minimum deposit of at least $250 before you can begin trading. Then you need to set up your trading parameters and then the system will initiate trades on your behalf.
This would be great if the system produced accurate results. As of this writing, we have yet to see the profits that they promise on their sales page. Another red flag is that we cannot verify if their brokers are in fact licensed and registered, so we cannot vouch for the legitimacy of this service.
We could not get a hold of a customer service support team member to ask even a basic question. This left a bad taste in our mouths. Nor could we find any positive feedback online regarding Pearson Method. We did find numerous complaints that traders lost their entire investment and never saw any real profits with the Pearson Method.
User Opinions
According to the opinions I found online, The Pearson Method is not the most reliable trading system on the market. Here are some examples:
“I first believed this new software looked promising. It’s only that when you look beyond the hype that surrounds it, the Pearson Method seems to be a completely different system. The people making the most money in it are the creators and the affiliates that promote it.”
“It is really bad that I found out more about this auto-trading system only after signing up for it. How I wish I read about it before! Unfortunately, I bought their bullshit they are saying to promote and lost more than $700. The Pearson method is for sure not the method to be trusted. Good luck to anyone signing up for it!”
“Don’t be so confused to believe all these lies the Pearson method is telling. This is absolutely a scam software and you should be very careful with it and those alike. When it comes to the market, look out for yourself and settle for nothing that would fraud you of your hard-earned money. Just think about this: How can you generate $120 in a minute? Pathetic lies!”
“Unfortunately, different companies have many different ways to help them with their fraudulent activities. The Pearson Method is just another example. Selling fake software that has nothing behind it to those poor traders who believe these false claims and want to invest in this. They are developing fake blogs and articles to promote their fraudulent scam. Not cool.”
“Guys, please be careful! The Pearson Method software for sure is a huge scam. Be vigilant and don’t ever get trapped into these scammers.This is my advice: please stay away from this and don’t waste your time. Use your resources wisely, investing with these guys is just the way to lose.”
Final Conclusion
At this time, due to lack of unbiased reviews and substantial proof of earnings, we cannot verify the accuracy of the Pearson Method. We feel that the negative complaints to do not justify this system nor are traders seeing any profit returns. We highly recommend that you sign with a more reliable trading software program.
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John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips.
John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.
There have been many issues with binary options scams due to some newly established sites that are not capable of giving the promised services for their traders. As an expert trader, what do you think would be the best way to avoid being scammed? And how to recognize them?
Hey! I find myself in a situation in which I find it difficult to believe that watching price action and using a couple of indicators would make much of a difference. I am on an amazingly uncounted losing streak after I was having positive results just a few weeks ago. My strategy is the same, I look at the charts and the candles, draw trendlines look for resistance and support, watch out for any news and try to make it as possible to justify that when I take that bet my odds are calculated in my favor.
Yet the market seems chaotic with no regards to everything that I tried, so it’s hard to make myself believe that I will be back on track…
Hi all, I’m looking for some of this broker, but I have no success so far.
I have tried many of them by now, but they all make some manipulations. Recommend me some good and reliable brokers that have $1 trades, if you know any.
Thanks in advance!
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There have been many issues with binary options scams due to some newly established sites that are not capable of giving the promised services for their traders. As an expert trader, what do you think would be the best way to avoid being scammed? And how to recognize them?
Hey! I find myself in a situation in which I find it difficult to believe that watching price action and using a couple of indicators would make much of a difference. I am on an amazingly uncounted losing streak after I was having positive results just a few weeks ago. My strategy is the same, I look at the charts and the candles, draw trendlines look for resistance and support, watch out for any news and try to make it as possible to justify that when I take that bet my odds are calculated in my favor.
Yet the market seems chaotic with no regards to everything that I tried, so it’s hard to make myself believe that I will be back on track…
Hi all, I’m looking for some of this broker, but I have no success so far.
I have tried many of them by now, but they all make some manipulations. Recommend me some good and reliable brokers that have $1 trades, if you know any.
Thanks in advance!