What do binary option trade signal predicting softwares have to do with Google? The people behind Google Trader apparently would like you to believe that the world’s biggest internet search engine is the key to you winning big in the forex binary trading.
Name: Google Trader
Owners: Ben Williams?
Price: min $250 usd
Do You Believe in Binary Trading Softwares?
Would you believe that there are softwares (binary bots) that can auto trade for you in the financial marketplace with winning statistics of 80 to 90 percent. Let’s just say there are those who do believe it is possible and there are those who don’t. Off course, there are those in-between who wish this is possible but is just plain skeptical.
There is good reason for being skeptical. There are tons of binary trading software out there that claims impressive win statistics in binary option trades. However, many people have lost their money in binary option trading using such softwares. My own experience is that these softwares make many mistakes in trade and it is not as safe a bet as some would like you to believe.
And by some, I mean those who pushes such softwares like the people behind Google Trader.
Using Google is just Another Gimmick
It’s about convincing the skeptics.
Look at the front page of Google Trader. $6 Million Last Year, opportunity of a lifetime.
Unverified claims of how average Google Trader members making big money.
Supposedly on going live trade by members of Google Trader but the figures remain the same above when it is also supposed to be live trade figures of total members profit.
Fake Facebook testimonials of fake Google Trader members.
More big money screenshots that is easily faked.
Google is just there to somehow make the whole smoke and mirror show more convincing. I don’t even see how the software is related to Google Search Engine. It is a leap in imagination to explain how the Google search engine algorithm can help predict when and what is going to happen in the financial market.
And even if it can be explained, I don’t see why Google would share its search engine algorithm with Ben Williams.
Oh, I am doubtful that the CEO Ben William is the real face behind Google Trader.
Btw, the sales video? Testimonials from YouTube? Paid actors obviously.
Which should make you wonder. If Google Trader is really that good, why all the shenanigans.
How Typical Online Forex related type Scams Works?
Google Trader follows a very common online forex scam type format.
The entire sales funnel is designed to convince you that their autotrade software works. That you should be paying an arm or leg for it. That they are crazy to give it away for free so you better take advantage of this no-brainer opportunity.
All you have to do to start is make a minimum deposit at their designated brokerage firm which is their real agenda right from the start. In the case of Google Trader, you are ask to do the minimum deposit of $250 at Binary Broker or Option Bit.
In case you haven’t noticed, Google Trader is partnered or very much involved in Binary Broker or Option Bit and gets a cut from your deposits into the brokerage firm (even when you lose in trades). All the talk in the sales video about their account department closing your Google Trader account if you do not pay them 2.5% from your profit each month is just BS to make you believe it is their best interest to make sure you win in your trades.
In fact, it profits them more when you make a deposit and lose all of it in the trade. So when you use their autotrade software to trade, you will most likely wipeout your deposit. Off course you cannot blame the Google Trader software since you got to use it for free.
If you are reading this and have already made a deposit, I am sorry this reaches you late and suggest you withdraw your money or what is left of it now. I know the brokerage firm is not going to let you do so easily. You will probably be getting the carrot or stick treatment from the brokers like bonus cash, minimum withdrawal limit, withdrawal charges or other nonsenses.
It is Disappointing
As I mentioned earlier, Google Trader is not exactly an original forex type scam. It is however the first time I have seen Google being used to make the scam look like it is real thing. Moving forward, you can be sure there will cook up even more convincing or weird stories for such scams.
It is rather disappointing to find the Google first page search of Google Trader filled with sites that only seems to promote one forex scams after another.
Should I do more reviews of Forex Scams? Let me know what you think by leaving a comment below.