Rio Profits (Rio Trader Software) is a duplicate binary options that was created on May 14th 2017. We immediately saw that this product is nothing new, but a cheap imitation of the Tesler App, which is another scam that went viral.
Before you become the next victim of the Rio Profits scam, here is what you need to know before investing in binary options trading.
Warning: You will lose your money, because the software is a scam, read why.
“See The 5 Top Rated Trading Robots” … Smart Trader Tips
Rio Profits Review
When we first saw the Rio Profits website, we thought that they had created a mobile app for trading binary options. There are buttons to get the app on iTunes and on Google Play. Sadly, when we clicked on the button, it asked us to sign up for their service.
We signed up and they sent us to a page that almost looked like it was broken. The trading app gave us zero controls. We could not select the dollar amount per trade, or how many trades the software will make each day. The only option available, was for us to set some “strength above” number.
Using a binary options robot for trading is extremely risky even with the best trading robots.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Rio Profits Scam
If you would stop for a minute and think, you would notice so many red flags with the Rio Profits.
- They promise $208 an hour for testing the app, but you must first give $300 to a fake binary options broker.
- Rio Trader says that you should use their app, but a simple search on Google Play shows no results.
- If you go back to their homepage rioprofits.co, you will not find a login button. To logon to your account you need to go to https://software.rioprofits.co/login.
And with all that you think that this is a product which will make you rich? Don’t be a fool, and fall for a cheap scam.
Rio Profits Fake Brokers
If you already read about what makes a broker the best broker for you, then you will already know that the broker they told you to use is a scam.
When we tested the Rio Profits for this review they created an account for us at a broker called Stern Options. They are an offshore broker that is not licensed or regulated. The problem with unlicensed brokers are they make up 99% of the scams in binary options trading. You can see how the scam works here.
Serious investors will always trade directly at a licensed brokers, look here.
See The Best Trading Robot
You can find the most popular and high quality algorithm trading software on the Binary Trading Signals page.
Share your experience using the Rio Profits with other investors. Tell them how much money you made or lost, in the comments section below.