Compound Trader-Truth or Falsity? Legit or SCAM? Trusted review here!!!!
To start, Compound Trader is an app that has been around for a about a month but has failed to dominate the binary trading market. That being said, our aim here at BOT is to consider and review each and every option for our reader, so that you guys have the best opportunity to trade as you wish. Keep reading for a review that will help you do just that and most importantly avoid SCAMS! Is Compound Trader worth your time? Read this Compound Trader review to find out all details.
(3 / 10)
Website: http://compoundtrader.co/ Their website quality is bad.
What is Compound Trader?
Compound Trader is an Auto Trading software service created by Dr Albert Henderson. Compound Trader has some characteristics of scam service due to the score system which BOT uses to find out whether such a binary options service as Compound Trader could be a useless piece of software or not.
How much Compound Trader system cost
Compound Trader is advertised as free as with all auto trading software systems because the broker pays a fee to the auto trading system. Even though Compound Trader is advertised as free the broker account with which you will need to open account will need deposit of $250 minimum. That is ok but you should checkout if 1 the auto trading software is real and works and 2 binary options broker is not a scam. Once these two things are verified you are sure to be safe that any money deposited or traded in your broker account is completely yours to withdraw anytime you want.
Is Compound Trader software system safe?
To be on safe side we only recommend auto trading softwares which work with trusted brokers. To our understanding regulated brokers are more safer than unregulated brokers, however there are some restrictions placed on regulated brokers which is why they are not able to provide their service worldwide. We have also found regulated brokers to charge higher fees because they have more costs. In either case any auto trading software such as Compound Trader which we recommend you can be rest assured are safe to work with.
What is up with Compound Trader App?
The core idea behind this app is that it compounds your trading investment, so that instead of your cash being used for one trade, it is instead re-used on a number of trades. Which, when analysed should mean that you make more cash for your buck right? Em, not exactly. And this is where readers may have be tricked. When the accuracy of the system cannot be guaranteed in the first place then this idea of spreading the investment over many trades loses its competency. All ideas are good, it is those that are carried through that are successful. Our impression is that although a good idea, this system does not stand up to the mark.
The major selling point?
This trading app claims like other scam systems that it is a way to make “passive income”. This is all very well and good but our concern is the video found on the landing page tells us that we will earn more than simple ‘passive’ income. A bit contradictory? Yup, it sets off warning signals of SCAM. However, that being said, we here at BOT like to think of each trading system in it own right, not just it’s marketing or delivery method.
Seven years was needed to develop this substitute app or so the alleged developer, Dr Albert Henderson claims in his promotional video. Not believable, this makes us wonder what the makers of this app take its clientele for. What is clear that it is just a way to make you think of the Compound Trader App as prestigious.
98% accuracy is an interesting figure concerning the fact that the App promotion asserts it can make us 5,743 from one single trade, which in our trading eyes is unrealistic and not achievable as you all know by now with binary options trading.
The Good Points?
For one thing, at least the video is honest that one does not require experience for binary options trading. However, we feel that the general overarching intent of this promotional video supporting auto trading versus manual trading is that it is especially important that you sign up to get one of the five spots. Don’t fall for it! It is, as you’ve probably realized a way to make you register and make you feel the need to trade!
Is Compound Trader Auto Trading Software similar to Signal Service?
Signal Service is slightly different to Auto Trading Software because an auto trading software places trades automatically with it' connected binary options broker. However signal service predicts position which you can use to place your position manually to any binary options broker. See details below to see which binary options brokers are connected with Compound Trader.
Compound Trader is marked as take caution, what does it mean?
BOT website has three categories in which we place ranking according to our assessment. Take caution would mean that we think that Compound Trader is neither best nor a scam. At the same time we advise to be careful signing up with . Do not deposit money which you cannot afford to lose. Try not to accept free offeres from their broker as this can cause difficulties later on.
watch the video
|Possibility of scam||High|
|Starting Balance||250($€£) or major currency|
|Get rich quick scheme||Yes|
|Compatible Brokers||Option Bit|
Conclusion of Compound Trader review
Overall BOT issues this with a ‘take caution’ status. We realize that this software’s marketing system may not be top class, but we also worry that the support and customer service given to those who sign up to this auto trading robot might not compare to that of other more updated app models. What is sure is that one must be careful if and when investing your money. At the same time, there is nothing to be lost with signing up with this system and taking on the decision yourself. We here at BOT hope that the tips given on this website are always worthwhile but know also that it is your decision in the end that matters. For this reason we hope you take time to consider each and every move you make when it comes to binary options trading.
Verdict: Compound Trader Take Caution
Compound Trader is rated
3 on scale of
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