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Binary options can turn out to be a money minting venture, but not for all. Traders who plan their trading approach do prosper, but all the traders are not so lucky. There are some traders who get tempted to sign up with scam trading bots and the result is loss of money.
Note: A good alternative to this Globe Trader scam is the Super Simple Bot.
Now it is quite essential that you should identify these scam trading bots so that you do not end up with a loss coming your way. The better approach is to avoid the scammers in the first place. Now there is yet another scam in town selling by the name of Globe Trader. Now if you are interested to know the details then you should keep on reading.
When the investor has to analyse a trading system then the video can play a crucial role to give the real picture. Thus if the trader finds the video online then he should ensure that he should watch the video till the very end for sure. The Globe Trader video starts with the lie. It says that the company works on an invite only policy. Well the truth is that these scam links are available everywhere on the internet. Thus the investor does not really need an invite to sign up for a scam.
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Next the owner shows his desperation by saying that currently they have 261 investors. They will like to expand to 300 investors. Thus they need about 39 more clients so an invite only option will be facilitated to 39 people. Now this sounds quite tempting. However, the trader should only get carried away when the offer is real, but it is not the case.
Interestingly $50 is being offered to use the system. The question is why. If Globe Trader is genuine then they should not need these offers to entice the people to sign up with the system.
Note: Make sure not to sign up with the scammers and only choose genuine trading bots.
The system even claims that the investor does not need any education or skill for the job. Well that sounds too unreal. The reason is that binary option trading is a pretty technical field and it is impossible to survive in this field without having the knowledge. Infact it is a risky job to jump into trading without knowing the job.
Now Globe Trader claims that it is a registered company. However, that is not enough to believe in the credibility of a system. They claim that they even have a record of generating 302 million dollars for all the investors. Now this does not sound true and the trader should not get carried away by such a claim. Just showing graphs or profit figures is no proof that a system will be able to make a lot of money so the investor should not be fooled so easily.
Note: Shun the scammers and choose reliable trading bots.
Globe Trader does give the trader the opportunity to test the system. They say that the trader has the option not to choose the system if he does not find it satisfactory. Well everyone knows that they will never let the investor develop awareness regarding the risks. They will hide the intricate details from the investor.
Now coming to the Globe Trader algorithm, the way the system works is that the trader has the option to choose the deposit amount, but the minimum deposit is $500 which is comparatively much higher than other trading bots available in the market so it will not be a wise move to invest so much in a scam. The investor has the opportunity to set the risk level. Well this parameter needs further explanation. The reason is that just setting the bar to a certain risk range is not enough and the trader does need more details.
Now the funny part is that the maker of Globe Trader claims that the trader can figure the algorithm by simply shifting the on screen parameters. This does not sound believable at all and the investor should not fall in for this trap. They should technically explain what the hidden concept of this trading system is otherwise it does not appear to be convincing enough.
Globe Trader video further discusses that they have a reliable and safe broker network, but they do not reveal the names of the brokers for the simple reason that the brokers are a scam and will deprive the trader of the deposit amount.
They have an interesting explanation why Globe Trader needs 39 more investors. The claim is that a new regulation was approved on 1st January 2016 that states that every company needs to have 300 clients so to meet that regulation these 39 invites are being offered. The reason truly needs further explanation.
One thing that the investor needs to understand here is that nothing is for free. This offer is just to attract the trader to the trap. Once the trader signs up then there is no turning back. Thus the investor needs to evaluate all the pros and cons.
Now another claim is that Globe Trader works completely on auto-pilot and the algorithm will be able to control the profits without the trader having any skill. This sounds idealistic. Even for auto trading bots the investor does need knowledge.
Now the Globe Trader website does not give a real picture to the trader as well. He is just clueless regarding how the system actually works. When the investor looks at the website with some hope, even then he cannot get convincing answers.
The website does not have a well-organized interface. An investor will truly miss the about us page. The features are not listed. Thus the trader will not get any information about the system at a glimpse. The only facility that the trader has is to send an email.
Now this is not a clear solution. There are chances that a trader will never receive the answer to his emails. What is missing is dependable live customer support that can answer the questions of the trader at all times. The auto trading bot Globe Trader does not have a reliable customer support.
There is this useless widget on the Globe Trader website. The widget is a counter that shows the number of invitees to the website. Now this will not be helping the trader in any way. This counter does not offer any assistance.
If there are some reviews on the website then the trader can get some help. However, Globe Trader website does not have any testimonials or reviews. Globe Trader does not seem to have any social media presence as well. This means that it will be hard for the trader to get any information about this system.
Now the closing note is that the investor should not choose Globe Trader if he wants to get success in the trading business. This platform is misguiding the trader and hiding the reality from the investor so this makes this platform a bad choice for the investor. The trader should explore better options. He should opt for credible trading bots that enjoy a good reputation in the market. This will be the wise step on the part of the trader. Globe Trader is not a good trading solution and is a very risk option. Do not try it.
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