- Bitcoin Cycle Review – Don’t Invest In This Scam (See How It Really Works) - October 2, 2020
- CPL One Review – SCAM Advertising Platform To Avoid - September 21, 2020
- Ads Supply Review (ads-supply.com) – SCAM Warning - September 15, 2020
Prime Advantage is the name of a newly launched trading app which claims it can provide you with a completely free way to begin earning as much as $3,000 per day through automated trades.
What’s more, is that you’re even led to believe that you can begin earning money right from the very same day you get started… Even if you don’t know the first thing about trading.
But is Prime Advantage legit? Or is it just a scam app to avoid?
Well, the good news is that you’ve landed in the right place to find out because in this honest Prime Advantage review I’m going to be uncovering everything you need to know.
And that includes, of course, whether or not you can really make any money with it.
What Is Prime Advantage?
The Prime Advantage App claims to be free auto-trading software that can supposedly generate you as much as $3,000 per day, right from the very same day that you get started.
You’re led to believe that all you need to do is simply sign up, make a small deposit with the broker that they recommend to you & then activate the app to have it begin generating profits entirely on your behalf.
The creators (who suspiciously remain anonymous) claim that it couldn’t be easier & thanks to “Blockchain technology”, their app delivers a whopping 98.9% success rate.
But there’s one pressing question that springs to mind…
If it truly is so easy, and if it truly is so successful, then why isn’t everybody using it?
Why are people still working at jobs that they dislike for less money if they can simply install the Prime Advantage App & begin making more money, all on complete autopilot?
Well, in short, it’s because the Prime Advantage App doesn’t really work as promised & I can say that so confidently because it’s actually a scam that I’ve already exposed on this blog several times before.
Some of its previous names include:
The people behind it simply keep on changing the name & appearance of the scam in an attempt to escape the negative reviews that surface so that they can continue tricking more people into signing up to it.
So the truth is that if you do deposit any money via Prime Advantage, you will lose it, and you’ll see why as I explain in greater detail exactly how it all actually works below…
How Does Prime Advantage Work?
The website promoting the Prime Advantage App leads you towards believing that you can simply sign up, make a deposit with the broker that they recommend & then activate the app to begin making money.
However, there are 2 very important things that they fail to mention.
The first one is the fact that they’re actually affiliated with the broker that they’re recommending to you. This means that when you deposit, they get paid a commission.
And the second one is the fact that the broker you’re told to deposit with is actually what’s known as a binary options broker, and this is extremely bad news.
Not only are binary options brokers known for being shady & unscrupulous, but the way that they operate (and the fact that they’re affiliated with Prime Advantage) literally proves that the whole thing is a scam.
You see, binary options brokers don’t operate like traditional brokers…
Through a binary options broker, you don’t actually invest in anything, instead, you simply place “bets” on whether you think the value of something will go up or down over a certain period of time (usually 60 seconds or less).
This means that if you lose, the broker takes your money, but if you win – the broker has to pay you your money back (and your winnings) out of their own pockets.
It, therefore, comes without saying, that the brokers want you to lose… Because if you win, then they actually lose money themselves from paying out your winnings.
So with that in mind, ask yourself this…
Why would a broker that loses money if you win, be paying commissions to the creator of “guaranteed winning trading app” for getting you to sign up & deposit with them?
The answer is that they wouldn’t.
And the real reason they’re paying commissions to the creator of the Prime Advantage trading app is that they too are in on the scam, and they know that in reality, the app is designed to make you LOSE money.
The entire thing is a complete con.
What Happens When You Sign Up?
When you sign up to Prime Advantage (which I absolutely don’t recommend doing), you’re told to make a deposit of at least $250 with the broker that’s recommended to you.
And as mentioned in the previous section of this Prime Advantage review, that broker is what’s known as a binary options broker.
Then, after making the deposit (which again, I certainly don’t recommend doing) you will indeed be provided with access to the Prime Advantage trading app as promised.
Now, this is where the trickery begins because the app will appear to actually work as promised. It’ll appear to begin generating automated profits entirely on your behalf.
And then some “account managers” will call you from the broker company, congratulating you & encouraging you to deposit even more money to begin making even bigger profits.
But the problem is that it’s all just a video game.
The Prime Advantage trading app isn’t really connected to any live markets & the profits that are shown are all faked. It’s all just a ploy to trick you into making more & more deposits with the broker, who is also in on the scam.
Then, when you finally attempt to make a withdrawal you’ll simply be left to find out that you’ve been scammed & that every single deposit you made has been lost.
The Red Flags
Firstly, as I always say – if something sounds too good to be true, then it likely is… And in the instance of the Prime Advantage App, it definitely is too good to be true.
But on top of that, you have to question – why are the creators so desperate to get you to sign up?
All over the Prime Advantage website, they place countdown timers rushing you into joining & even when you attempt to leave the page they place popups trying to get you to stop & join.
The reason, of course, is because they’re looking to earn some money at your expense.
And on top of that, a quick search using Google’s Reverse Image Search tool reveals that they’ve also made use of fake testimonials as shown below:
What legitimate company would make use of fake testimonials?
If you said none, you’d be correct… And you certainly shouldn’t trust any company that makes use of them, that’s for sure.
Then, to top it all off, the Prime Advantage website displays absolutely no contact information, ownership information or regulatory license information whatsoever.
It’s a requirement by law for investment-related websites to display all of that information & you should never deposit money via a website that doesn’t because you may not be protected in the event something goes wrong (if it turns out they’re not actually licensed).
I searched the regulatory registers & Prime Advantage doesn’t show up on any of them.
You Might Also Like:
Fake News Websites Promoting Prime Advantage
One of the reasons many people end up getting caught out by scams such as Prime Advantage is because they’re often promoted via fake news websites, which makes them appear to be legit.
For example, the Prime Advantage App is being promoted by a website named “HiTechNews”, shown below:
The article claims that a mother of 2 has found a legitimate way to earn income from home & every link on the page takes you directly to the Prime Advantage website when clicked.
Obviously, if the app has been featured on a news website then you are going to be very likely to trust it & sign up to try it out… But the problem is that it’s not a real news website.
In fact, the website only actually has one page, the one shown above promoting the Prime Advantage App.
And you can quickly tell that the news website is not legitimate by taking a look at the address in the address bar, which shows the domain “hitechnews.co” as shown below:
And that brings me onto…
Is Prime Advantage a Scam?
Yes, the Prime Advantage App is definitely a scam. It has been designed purely to trick you into depositing with a shady binary options broker so that the creator can earn commissions at your expense.
What’s worse, is that the broker & the creator of the Prime Advantage App are actually both in on the scam together. This means that you’ll be tricked into thinking that you’re profiting, to encourage you to deposit even more money.
It’s only when you finally come to make a withdrawal that you’ll be left to find out that you’ve been scammed.
So for that reason, it’s safe to say that I won’t be recommending the Prime Advantage App & instead, I’ll be advising you to steer well clear of it because it’s nothing but bad news.
The truth is that yes, you can actually make good money online… But in order to do so, you must be prepared to put in some work. You’re not just going to find yourself getting rich “on autopilot” as systems like Prime Advantage lead you to believe.
Through affiliate marketing, you can earn money by recommending products or services for third-party companies & the amount you can earn with it is completely uncapped.
But on top of that, there are also several other methods too which you can always check out on my top picks page.
Either way, I just sincerely hope that my Prime Advantage review here has given you a good insight into how the app really works & most importantly, I hope it’s helped you to avoid it.
If you do still happen to have any further questions or comments then don’t hesitate to leave them below.
A Better Alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Wealthy Affiliate. In my own opinion, that's the best place to start.
At Wealthy Affiliate, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month... Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Wealthy Affiliate first. You can learn more about it here.