An honest scam review of a binary options trading system requires a lot of analysis.Read below for our work on GPS Trader System.
The in thing nowadays is online trading from binary options, to bets to name them all. Maybe most of you have so far heard of GPS Trader and how it is pretty a lure if not being called pushy to let people sign up. It is because of the never ending urges that have made us look closely into this system to clear the air whether it is up to the game. We do not intend to refer to it as a scam but it is just that we would not recommend it based on matters of legitimacy. There are so many binary option trade systems and at least we have a slight idea how they should be operating.
I bet that probably GPS trader do not understand how binary options move along. What surround this trader are lots of misleading claims and some racket schemes as we see it. To begin with, how is it possible to make up to $20,000 in just one day, with a simple 3 minute set up, none of your effort except that for the GPS team? This is what the alleged founder of GPS Trader, Richard Heffner, is offering; and fully guaranteed for life. Total lies. Is GPS Trader worth your time? Read this GPS Trader review to find out all details.
(4 / 10)
Website: http://gpstrader.co/ Their website quality is good.
What is GPS Trader?
GPS Trader is an Auto Trading software service created by Richard Heffner . GPS 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 GPS Trader could be a useless piece of software or not.
How much GPS Trader system cost
GPS 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 GPS 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 GPS 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 GPS Trader which we recommend you can be rest assured are safe to work with.
First and foremost, the CEO of GPS Trader, Richard Heffner, via his popular presentation does not really explain what this trader is all about. To some extent, we think that he does not adequately understand the concept of binary options trading. The fact that GPS is claimed to be paired with Rapid Counter Trade to detect any contingency trade is not in line with binary options. The volatility is prone to change the risk level even with the slightest change resulting to many trades being executed either way for a loss or a win.
The next reason that raises eyebrows is the testimonials that we are flanged with. We have lots of millionaires here as they claim, who have been on the system for up to 3 months now. This is another plot to make you believe that there is a treasure in this system and yet there isn’t. The reality of the matter here is that gpstrader.co has been online for about a month from May 2016. Does it seem uncertain how these millionaires came to be even before the system’s onset online?
The other food for thought is concerning live updates. Somewhere in the video presentation it is stated that there are only ‘8 spots remaining’. To be precise, is this meant to be pre recorded or live updates? There is no point of making users believe that the offer is valid for only 24 hours and could probably be gone by tomorrow and yet continues to be in operation each day after the other. This is a simple plot to make everyone get to sign up for an account. The CEO further states that whoever joins is a winner. As a matter of fact, how can ten people join today and then they all win within the next 24 hours. When the deal is too good, think twice.
Auto trading is one other point with the GPS Trader. By now, most of us understand that trading binary options would engage the outcomes of either a yes or a no market proposition within a given moment. If GPS Trader account is supposed to be set to auto trade then how is the profit or loss going to depend on the yes or no proposition?
GPS Trader CEO also comments that it is not possible to lose with this trading system. This is kind of tricky as far as binary option is concerned. The market proposition ought to determine whether someone losses or gains. In fact, is it the team doing everything for you or this is a matter of gauze and win or loss.
Up to this point, I believe that the observations have portrayed some pictures in your mind. There is no way a system is going to make you lots of cash without your effort. As a matter of fact, this is not how binary options work. I believe you can make lots of cash anyway but you also have to know how to trade. True binary option traders would engage you more concerning how to operate. Most of them even go ahead to provide the right tools to make it work for you.
Binary Options Tested is a safe website in which I have strong security by using firewall and IP protection to keep it safe from website attacks. I also have SSL security in place for encryption to make everything you see on my website safe and secure so you are sure everything is authentic here.
Realistic profits ought to be your concern the next time you decide to sign up for these trading. There is no point of luring traders with a free system, knowing pretty well that great things do not come freely. GPS Trader claims to be offering free joins meanwhile there are some charges waiting for you to dish out. You should at least be required to make some minimal deposit before verifying your account after a sign up. I believe this is the way to go with binary option trading because you actually need to deposit cash to be able to carry on the process.
Is GPS 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 GPS Trader.
GPS 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 GPS 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.
|Possibility of scam||Medium|
|Starting Balance||250($€£) or major currency|
|Get rich quick scheme||Yes|
Conclusion of GPS Trader review
As a result of GPS Trader’s get rich quick presentation, we think it is a get rich quick racket that leaves everyone wondering whether it is genuine or not. There are as well misleading facts about binary option trading which leaves us puzzled as to whether they know what they are trying to communicate to traders or not. Therefore before getting into such trades like GPS Trader, it is a wise idea to do background checks first.
Verdict: GPS Trader Take Caution
GPS Trader is rated
4 on scale of
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