There’s a new binary options trading software that’s been buzzing the Internet the last couple of weeks. It is called Social Tech Trader. I decided to give it at try and find out what the big fuss is all about. To sum it all up – it is a scam.
Don’t build high hopes if you’ve set your mind on earning a bit of additional profits using it. That’s not going to happen. You’ll most likely kiss goodbye not only the initial deposit, but more because of the hidden taxes. Read hereinafter to understand why. I have friends who suffered a lot because of Social Tech Trader.
Here’s an example. A mate of mine saved money to go on a vacation. He wanted to amplify it in order to treat his girlfriend a couple of extra things. He attempted to do so through Social Tech Trader, but everything was squandered away. Beware of this scam-trap!
Review Verdict: Social Tech Trader is a Scam
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Social Tech Trader – What is it?
The binary options ‘supposed’ trading solution claims that it encodes a specific algorithm used by a European financial institution to increase its profits. The guy in the introductory video, Mr. Albert , says that he has worked at many places. Never fall for stuff like this. All the narrators for scam systems claim that they’ve worked at Wall Street, Bank of America, etc. Hell, they’ll most likely say that they’re friends with your mother if that will help them steal your money.
Promotional Video and No-Surname-Albert
The clip begins with random images of charts and statistics. It doesn’t explain what they represent. There’s no proof that they are trustworthy too. You can barely hear what Albert has to say. And yes. His name is given as just Albert. No surname. Nothing to back up his claims. A check of his photo reveals that he is not actually a real person. For all I know he could be someone posing in front of a camera for $30.
Social Tech Trader – Claims of Possessing an One-of-a-Kind Algorithm
All we know about this wonderful programming algorithm is that it is based on a no-name institution’s principles. Smells fishy, doesn’t it? Now if you were a serious trader, programmer or developer, wouldn’t you say something more about your product. Name a few of its advantages, what inspired it, maybe? And if you were a hoax you wouldn’t mention anything because there is nothing to say. That’s the truth.
Nothing Explained but there’s Sleazy Music Playing
Quality binary options trading solutions explain thoroughly whose and which methods they apply. They give you their reasons. There’s no such thing here. Just a video of a random guy named Albert. You can’t even hear half of what Mr. John Doe is saying because of the sleazy Fruity Loops sounds.
Yes, the background music is not background at all. It’s like a fourth-graders’ concert!
Social Tech Trader – No Profits
The binary options trading software’s mysterious incorporation, Albert, says that 5400 of its members have been earning between $920 – $1,850 per day. Okay, super! The video then plays a picture slide show of the alleged 90% of ‘satisfied traders’ and their user profiles. These look like they’ve been downloaded off a search engine and accidentally uploaded in Social Tech Trader. It’s noticeable from a distance that the photos are completely fake. I feel sad for those poor people whose identities might have been stolen.
No Traders’ Satisfaction and Fake People
On the binary options trading system’s website you will see lots of testimonials. But somehow the people in there do not look all that credible. I tried running their images through search engines. Guess what? Nothing came up. I’m giving an example with the so-called Mr. Alan Lowe. His picture is either stolen or a stock image.
I double-checked and tried searching the name and it is stolen from a Canadian politician. Same goes for all the other supposed users. If traders were making any real profits through the system then it would’ve been far more popular. I’ve spoken to a lot of people about Social Tech Trader and not even one of them was satisfied.
Social Tech Trader uses your Money to Finance Itself
This is stated by Albert. He explains that the traders’ profits allow them to ‘optimize the software and increase the power’. But whose magical power is it? I think it’s theirs. As I haven’t noticed anyone else gaining some. Mystifying Albert also shows logos of famous companies – CNBC, CNN and Bloomberg Business. It is never clarified in which connection are they displayed. And what’s their role in the binary options trading solution. These questions are raised but never answered. Investors should have this in mind.
No Stamps of Approval or any other Authenticity Certificates
This binary options trading solution has no verification to speak for its authenticity. There are no stamps of approval by certified organizations. No genuine testimonial. Just a bunch of Albert’s fat lies.
How to get Started if you Really Insist on Doing so
The steps to sign up and begin trading on the Social Tech Trader binary options automated system are simple. Is you really want to give it a try, I’ll explain below how to do it. But consider this review very seriously before beginning to trade.
These are the steps:
- Sign Up: As with most of the other binary options trading programs, just enter your email and name.
- Choose a mode: There are two – manual and automated.
- Withdrawal: Send a request. And I wish you good luck getting all your money back!
Social Tech Trader is a Complete Hoax
I sincerely hope that you won’t fall prey to this binary options scam. Money and time are sparse nowadays. Keep yours safe.
Review Verdict: Social Tech Trader is a Scam