Sadly when there’s money to be made there are always vultures circling in the sky. No great surprise really, as there are similar practices in any other financial realm - all debt traps waiting to catch the unwary.
A quick (or slow if you really must) browse through social media platforms can soon reveal tempting (for some!) invitations to make more money than you have ever dreamed of with very little work involved at all. Many, if not most, of these self-proclaimed millionaires are on skid row themselves and only make a commission when some poor sucker signs up to their affiliate programme.
Another factor that most of these so-called influencers have in common is that they are all within a certain age bracket and therefore looking to appeal to (target!) the more naive and young get-rich-quick merchants.
If you are ever tempted to signup through one of these ‘influencers’ then you would do well to take a read of this exposé article from a UK national newspaper of a couple of year ago first!
The main individuals investigates have an all too similar and depressingly pitch that goes along the following lines: “I’m offering a great opportunity to earn £100-400+ per week from trading, no experience required, all done from home and only requires 15-30 min per day… If you’re young, poor and want to defy the odds against you, the next question is: where do I sign up?"
Still interested, then just checkout these hashtag enquiry results on social media and see what pops up - #binaryoptions, #traderlifestyle and #richkidsofinstagram - then run the other way fast!