Estimated reading time: 5 minutes
Trading binary options can be quite a fulfilling experience when you have the right roadmap. However, things are not so smooth when you are haunted by many scam trading systems. Well there is no doubt about the fact that the biggest dilemma that the traders face today is scam system scare. It is time that you open up your eyes to the reality and say no to scams and select genuine trading bots only. Well one of the major scams in the binary market today is The Traders Junction. Now this bot allows you to follow successful traders in real time and you can copy their trades.
First, when we looked at the video it failed to make an impact because it is a voiceover video. This is why it will not impress you by any means whatsoever. It makes the onlooker suspicious. When the video is authentic, then you get a complete walkthrough. However, this does not turn out to be the case with the video of The Traders Junction. Apparently, this platform offers you two facilities. You can either copy the traders manually or in the auto mode as well. The choice is completely up to you.
The platform claims that you can open up a free account. However, we strongly feel that once you sign up you will be directed to the member’s area where you will have to make a deposit. The free word is just a trick to entice you to opt for the platform. The Traders Junction claims that you can opt in for free account as long as you want and try out the system. However, the issue that we foresee is that the minute you decide to sign up with the system you will have to give in your private credentials as well. This means that they will bombard your mail box with scam mails.
We will like to put up another perspective here as well. It is that even if you get access to a free demo, then you will not have access to all the features. The reason is that this platform will never want to bring the truth in front of you and you need to get the facts straight here if you really want to have cash coming in for you.
What made us more doubtful is that you only catch a glimpse of the platform on site. You do not get detailed insight.
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The worrying element is that this platform is actually developing the dependence of the trader on the experienced traders. This eventually hampers the trader’s growth. The way you learn the most is through personal experience and not through the assistance of other traders. You need to understand this aspect if you really want to make your mark and excel in the field of trading.
Now this platform claims that it makes use of demo money when you are trying out the system. Again we found no evidence in this regard. The site explicitly mentions the iTrade feature as well that talks about the fact that you make a deposit to the broker. Now here you do not have an idea whether the broker is regulated or not so this is a major glitch that just cannot be ignored.
Traders Junction states that you can participate in various competitions when you make use of this platform. Now we noticed that the platform has not presented any verifiable proof that you will win at the end of the day. We are unhappy with another aspect and that is that the platform has discussed the working procedures in the FAQ section and does not provide any specific educational videos that can guide the user in a much better way. When there is an element of transparency, then the platform does not show any resistance to bringing out the information into the light but this is not the case with The Traders Junction.
Apparently this system offers a stop loss feature. However, this is a very technical feature and we feel that there should have been a more elaborate discussion on this regard. The omissions are making us sceptical here.
We missed out on the fact that you do not get live chat support with this platform. All you can do is leave in a message. However, there are times when things are urgent and you need an answer to your questions there and then. We had a look at the Facebook page of this platform as well. Looking at the page activity we realized the fact that it is not quite popular and this increased our doubts because it is not quite viable to go for a less reputed trading platform.
The worst thing we came across is that there is no information about the creator of the system on the website. The truth is that this is something quite alarming for us because we believe that you cannot go with a system when you do not have sufficient information available. The site has also furnished a list of the best performing traders. However, there is no way to verify whether these are real traders or fictitious characters.
This is why we do not recommend the use of this binary trading system by any means.
Verdict: The Traders Junction is a Scam!
Fake website: thetradersjunction.com
Now you should not let go of an optimistic approach because there is still an array of hope. We at Valforex are committed to bringing the reality of the scam systems in front of you so that you can avoid those systems by all means for sure and secure your trading future. We believe that you should not put your future at risk because we will provide you exclusive insight about the top notch services that are here to make an impact.
Try exploring the information offered by Valforex and you will be confident of the fact that we are moving you in the right direction.
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