Trading binary options requires you to be pretty vigilant because it has become a very challenging endeavour. The real challenge is that there are many trading scams in the market and you need to be on the lookout.
Note: A good alternative to this Safe Convergence Sniper Scam is the Super Simple Bot.
Well there is a new addition to the list and there is a new scam known as the Convergence Sniper. The objective of this trading bot is the same as that of other scammers and that is to deprive the trader of the hard earned money. If you want more details then keep reading the review to get a detailed insight.
Now when a trader looks at the website of a trading bot then he expects to get some useful information. However, Convergence Sniper failed miserably to provide useful information. The video looks commercial and truly personifies the fact that this system is a scam. They are more interested in showing cheques in the video rather than revealing the approach behind trading. These are the initial aspects that create a doubt in the mind of the trader.
The video claims that this trading bot produces these results on auto-pilot. Well it does sound hard to believe because the profits do not pour in the way that Convergence Sniper has portrayed. The element of exaggeration seems to be quite evident here.
Next the video moves to the theory of a person who is a physicist. He was of the opinion that the short-term movements are of random nature. He further states that there was only an element of 50/50 percent accuracy with long-term movements. He said that currency markets are not really free. His theory actually cashed on the market malfunction as per this physicist. He came up with the concept of convergence anomaly.
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As per this perspective currencies that traded independently when traded in same direction formed more of a convergence that led to the single price pattern. His theory basically presents the odds that can help to increase the winning rate for the trader. He said that these winning opportunities are just open for about a few seconds and they need to be cashed immediately. This trading bot Convergence Sniper is designed based on this perception.
As per this physicist this trading bot can figure out the winning trading opportunities in real time. This trading bot looks for currencies that have the same trading pattern. It then looks for an opening opportunity. When a currency moves and the other tries to catch up with it, this pattern gives the opportunity to Convergence Sniper for placing the trade.
Note: Avoid the scam systems and only choose the dependable trading bots.
Now the Convergence Sniper video says that no action is required on the part of the trader. Well this aspect clearly states that Convergence Sniper is a scam. The reason is that there is no way that the money can get doubled without the trader’s intervention so this shows that this system is not a reliable option.
Convergence Sniper makes only those trades that have 80 percent accuracy as per the video. Well the claim that the investor will only get the winning trades sounds like a big lie and the trader should not fall for this claim.
Note: Never sign up for the scam systems and only choose dependable trading systems.
Now the video further says that most of the other systems out there are more of trend followers so they cannot make in a huge profit amount as Convergence Sniper can. However, this is not the reality. The investor should only opt for a trading system that has a clear trading strategy and should not be cashing on an anomaly.
The layout of Convergence Sniper website is the same as that of a typical scam website. There are no proper tabs defined. The names of news portals have been mentioned, but the trader should not fall for this. These things have just been mentioned to win the trust of the trader. However, the investor should not give into this claim at all.
If the trader signs up for this system then he will have a lot on the line. The reason is that a proper about us page is missing. The features of the system are not listed clearly. It will not be advisable that the trader should sign up for a system just because an anomaly can get him money. This will be the wrong move on the part of the investor. Thus he should not take the risk of signing up with this system. Convergence Sniper does not offer a demo as well.
This means that if the trader wants to explore this system then the trial is not offered to the trader. Thus if the investor opts in for this system then he will be clueless. This system is truly not worth taking the risk. It is never advisable to opt for a system without having a look at the demo. When the trader has access to the demo then he can get an idea about the possible loopholes. The trader will not be able to get an idea about the loopholes if he does not get access to the system. This makes Convergence Sniper a bad choice for the investor.
Another major drawback of Convergence Sniper is that it does not offer live chat support to the unregistered users. This is a big setback because if the trader has any questions then the trader will not be able to get the answers to his questions. The trader should give preference to those platforms that offer live support to the traders. This way the investor will not be stuck with his queries at all and he will be able to get the answers to all the questions that come to his mind. Thus the investor needs to make the right choice and should use his discretion.
The FAQ section of Convergence Sniper does not prove to be very useful as well and most of the questions are generalized. Thus this FAQ section does not answer any specific and technical questions. This is a useless addition to the website and will not assist the trader much.
Now the deposit amount is also on the higher side. The deposit amount that the trader has to give to the platform is about $250 to $300. A new trader cannot afford such a huge amount and the trader just cannot throw away his money to a scam because he will not get anything in return. Convergence Sniper website does not reveal the names of the associated brokers as well. There is a possibility that the brokers are a scam as well so the trader needs to be very careful. He should not let scam systems elope with his hard earned money.
The final conclusion is that the trader should drop the idea of signing up with Convergence Sniper. This trading bot will not get the trader any success. It is always better to search for better trading options and go for reputed trading bots. If a trader signs up for Convergence Sniper then he will just get losses coming his way. You can make a wise choice and choose the credible binary bot from our list. This can be more frustrating for a new trader because he does not have so much money to spare. The trader can avoid this agony in the first place by avoiding this scam trading system.
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