***See this Prizm Tech Software Review ; the evidence for the prosecution is overwhelming. Avoid this scam no matter what ! ***While the Prizm Tech Software may like to present itself as a more refined level standard of binary trading scam, the fact remains that this is a completely fraudulent enterprise.
One of the reasons sites such as ours exist is to expose the sheer number of binary trading scams out there. These sites come and go but it’s not unreasonable to say that shady scams such as Prizm Tech Software account for a healthy 90% of the entire market. In the case of PrizmTech.co they adopt a sincere approach trying to attract people who have already fallen victim to scam operations but still haven’t learned their lesson. Without providing a cent’s worth of evidence that they are any different whatsoever from other such scams, this Prizm Tech website still manages to dupe novice investors.
The golden rule of any investment, binary trading or not, is to research the company you’re intending on working with. In the case of the Prizm Tech Software there’s pages of fake testimonials and reviews about why this is a completely fraudulent operation. Just a five second Google search could have saved the victims of this nasty fraud many thousands of dollars.
The Prizm Tech Software Promises Exposed : Review of Truths
Unlike many other rogue trading sites Prizm Tech App doesn’t try to use promises of incredible profits, glitzy cars and luxurious mansions to sell the scam. Instead it takes a much more sincere approach more akin to a middle of the road infomercial using slightly higher grade actors to play the role of CEO and investors than usual. It’s possible to imagine that people completely new to binary trading and with a hefty amount of gullibility could be fooled into thinking this is a legit operation. Of course this makes the true intentions behind this scam even more predatory and exploitative.
Make no mistake the Prizm Tech system promises to make people independently wealthy, and compared to other similar scams sets it’s bar very low. It’s claimed that clients who use this software can expect to earn a minimum of just $1 k/week but often much more, and with a minimum trade success rate just shy of 80%. When compared to genuine binary trading systems it’s still highly unlikely to return close to $1 k/week, but the trade success rate is realistic. This sets the Prism Tech Software slightly apart from the majority of scams because it’s not promising ludicrous and flagrantly impossible results – but just enough to be potentially possible.
How Does The Prizm Tech System ‘Work’?
However as many ripped off investors have found out at great cost, the touted success and returns figures are were any sense of realism ends with this product. The alleged mastermind behind this system is a Mr Richard Squire, who as ever is played by an actor and takes the role of benevolent trading genius. During the Prizm Tech presentation video Mr Squire explains that he is happy to let others share in his success for no charge providing they meet the minimum trading deposit (the scam industry standard of $250). Once accepted into the scam the victims are supplied with an API key – which may sound impressively technical but is in fact completely pointless.
Once the funds have been handed over to whoever is actually behind the Prizm Tech review website, then be assured there’s no chance those funds or any ‘winnings’ will ever be seen again. Clients are informed that they need to start the Prizm Tech Auto trader and then simply kick back and relax as the automatic trade settings reel in win after win. Now anyone worth their salt will be aware that even reputable binary trading sites that contain the option for auto-trading advise that users take great care to closely monitor actions at all times. However with the Prizm Tech Software clients are told that even those with zero experience trading on the markets need just trust the software to make a profit – something which quite simply is irresponsible and impossible.
There’s No Evidence That Mr Squire Exists of Prizm Tech
It’s worth mentioning here that ‘Richard Squire’ claims that this miracle investment aid has been creating vast amounts of wealth since 2007. Interestingly the domain of PrizmTech.co website site was only actually registered in 2015 and brought back fully online in summer 2016. Of course this begs the perfectly valid question of why Squire would need to claim that he has years worth of success behind him when quite clearly this is utterly made up?
The answer, dear reader, is of course that this information has been added to make the Prizm Tech system appear more legitimate – and to mask the otherwise glaring evidence that in fact it’s actually the very opposite. Take Mr Squire himself – apparently a top trading guru who has many years of trading experience and expertise in his pocket.
Trying to track him down online or through social media is like chasing an invisible man – because the character himself does not exist! Reputation and name promotion is an integral part of conducting business on the trading markets – especially when spearheading an investment operation (which the Prizm Tech Software claims to be). The simple and unforgiving truth is that the character, who is admittedly not too badly played by the actor representing Mr Squire, is designed to appeal to naive investors who have no idea of how trading actually works. It may sound harsh but that’s the raw, unfortunate truth of the situation.
The Prizm Tech Company Is Untraceable & Unregulated
One of the most common complaints levied at the likes of Prizm Tech Team are bitter, scammed investors up in arms demanding that the site that ripped them off is immediately shut down. Clearly this is not without fair reason as the people behind this scam are fraudsters, who deserve lengthy fines and terms of imprisonment. Yet in the vast majority of cases they are simply untraceable.
The Prizm Tech website contains next to no information regarding location or contact details for clients wishing any form of service. All that exists is a general inquiries email address. There’s no indication of geographic location – but it’s a safe bet that the criminals behind this scam will be based in a jurisdiction which takes a laziest fair approach to online fraud. Obviously this allows the scam to continue in perpetuity, being cheap to set up and reaping in potentially huge amounts of investment capital that is then channeled straight into the fraudsters pockets. Those funds which are so rapidly ‘lost trading’ are 99% likely never even featured on the markets – the software is simply a simulation.
Investors who get cold feet and grow wise to this Prism Tech scam while still having apparently some funds in their trading accounts can expect zero response at requests to withdraw funds. If they’re lucky they may receive a badly scripted response promising a payout which will never materialize. More often they are just ignored, yet another victim of the scam. Being ripped off by the Prizm tech software is a horrible feeling but there’s very little whatsoever investors can do to complain or take recourse against the operation.
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Conclusion : The Prizm Tech is Scam !! Avoid Joining !!
Trusting the Prizm Tech Software trading system is akin to putting on a blindfold, handing a total stranger $250, and expecting them to double your money for free rather than just run away into the crowd. This is a nasty scam that bases all of it’s appeal upon classic confidence tricks which people continue to fall for time and time again. Hopefully this Prizm Tech Software review will have at least warned a few people to avoid this unpleasant scam at all costs, as there’s no doubt whatsoever that this operation is pure and simple fraud!