Our site has been receiving questions from our readers regarding a series of “systems” that purport to allow people to make hundreds of thousands every month just by employing an online system, and whether or not they are scams.
One such system is known as The Brit Method, and features a sales videos from a number of people who allegedly used the system where each one managed to earn hundreds of thousands of pounds. As is typical with these types of sales videos, it includes a number of “screenshots” of bank balances to “prove” the legitimacy of the system.
Of course the question here is what the system is and does it provide a genuine method of making money from the Internet?
Upon closer inspection, the website is actually an affiliate site to a Binary Options broker website. So what does this mean?
Firstly, Binary Options are a type of stock trading, but with significant differences to how stock traders (who work on NASDAQ, for example) work. Instead of purchasing stock in publicly traded companies and hoping the value of that stock rises (a more traditional example of trading) Binary Options allows traders to predict whether the value of a stock will increase in value or not.
Like more traditional trading, Binary Options too requires an investment on a particular stock to “play”. If the investor predicts correctly that the stock will increase in value over a short period of time, they receive a fixed return on their investment. If they predict incorrectly, they lose their investment.
That, of course, is a brief summary. However the important thing to note about Binary Options is that for the vast majority of people, it is essentially gambling. Binary Options may be simple in functionality (simply predicting whether a stock will rise or hold) but this does not mean it can be “gamed”. Just like traditional stock market trading, unless you are well versed in trading, there is no way to guarantee any kind of significant return on any long-term investment. Trading – even for the more seasoned veterans – is never a “sure thing” and it takes years of research and experience before anyone is likely to see any substantial profits.
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So where do sites like The Brit Method come in? The people who operate these websites have essentially affiliated themselves with specific Binary Option websites. This means that the operator of The Brit Method is getting paid to refer people to a particular Binary Options website. This is usually commission based, meaning the more people they refer to a specific Binary Options website – and the more money those people invest – the more commission the prople behind The Brit Method get.
And what better way to lure the most people into Binary Options trading than to tell them it’s an easy way of getting rich?
The Binary Options websites themselves don’t operate the “hype” websites like The Brit Method, but they do pay them when they provide users. Sites like The Brit Method are essentially hyped sales websites that utilise a number of hyped, spammy tactics to lure in unsuspecting victims. These sites dress up Binary Options trading as a secretive, guaranteed method of getting rich when that is absolutely untrue, and it’s all done for financial gain.
The Brit Method itself uses actors in its sales videos, false claims of riches, a countdown timer (that doesn’t do anything) and any number of stock photos of cars, big houses etc. and it also appears under a number of different names including the Aussie Method and Irish Method, with different “creators” (the actual people behind the scheme are not known) and slightly altered graphics for each.
In summary, it’s a scam. The Brit Method is just a sales website that is affiliated with a Binary Options broker website. Binary Options is stock trading, or for most of us, gambling. If you don’t know what you’re doing – and most won’t – you won’t get rich. In fact you’re more likely to lose money.
At the time of writing the site currently operates from the domains britmethod.co and brit-method.co.
If you are interested in making money from the Internet, you can check out our blog post here that outlines different ways to make money online without getting scammed.