Most people believe that they can just become successful traders in no time? However, there is no reality in this fact because trading is one hard job. Now you might wonder why new traders think trading is easy. Well the answer is that most new investors believe that they can earn a lot through binary option trading bots.
Note: A good alternative to this Pump Trades scam is the Super Simple Bot.
Tragically we all get to see these scam bots every now and then on the internet. The latest scam stealing the limelight is Pump Trades. Yes, this scam system truly knows how to pump the money from the trader so you have to avoid it by all means. This scam has been created by Alex Stewart. For more details go through the complete review.
When the investor watches the sales video of Pump Trades then it starts off on the same typical note that the investor can make in a lot of money through this auto pilot Pump Trades trading system. However, there are many questions that should come to the mind regarding the authenticity of an auto trading system.
The biggest question is that can an auto-pilot system really identify the risks of the binary option trading market and the answer is no. If an investor decides to invest his trust in an auto-pilot system then he needs to know that an auto-pilot system is just programmed to place trades. It will not be able to do wise decision making that may require a change in trading strategy. Thus the investor needs to pay special attention to this fact.
Secondly, when the trader looks at the video of Pump Trades, he does not find any new and fresh information. Everything looks and sounds quite boring. The maker really needs to understand that if he wants his system to sell then he needs to give strong points that go in favor of Pump Trades and not just false claims.
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Now even the best trader cannot guarantee the fact that he will make in a lot of money in less than a month whereas this system does make this claim. Now look at the snapshot below it shows a glimpse of Pump Trades shown in the video.
Note: Avoid scam trading systems and only opt for credible binary options trading bots to get the best trading results in a short time.
This image raises a lot doubts. First of all how is it possible that an investor turns on the “on” button of trading system and it can earn on its own. Secondly the interface of Pump Trades looks quite amateur and it looks as if a novice developer has designed it. Another element of suspicion is the broker mentioned and that is Imperial Options.
It is not quite a popular broker. When a broker is not really reputed then no trader will want to make a deposit to such a broker. Thus a trader does need to be on his guard if he does not want to lose his money at the end of the day.
The video is more focused on showing the winning trades, but that is not the key aspect. The important aspect is the approach behind the system that has been used to create this Pump Trades System. Now what is quite evident is that when a trader makes a deposit to this system, this will be the actual start of the disaster and the trader will end up losing all his money.
Thus the investor should not give in to his gimmick at all and he needs to make his decisions in quite a careful way at the end of the day.
Overall the video of Pump Trades looks abrupt and needs a lot to be desired. The interesting element is that though the maker shows a brief demo of the system, but the technology behind the system is not discussed. It is just mentioned on the website that Pump Trades makes use of FGTX FX algorithm. Everyone will surely want a detailed insight on this algorithm and how it helps the system to place trades.
Now when the user visits the website then there are two options for the trader. He can opt for the free copy of Pump Trades or opt for a paid copy. Now the purchase price is quite high and that is about $2990. Thus any trader will think 100 times before opting for the paid version. Most traders will prefer the free version in this scenario and even the maker of Pump Trades knows this fact.
This means that most traders will get inclined to opt for the free copy. However, there are no terms and conditions mentioned for the free copy. Any wise person will think why a $2990 worth system is being offered for free.
Thus the trader should not give his email details to Pump Trades system without knowing the reality of the free copy.
It is mentioned on the Pump Trades website that it has an accuracy rate of 92.5 percent, but is it really true. Well thinking logically no trader will believe in this figure. It is impossible for a trading bot to be even 85 percent accurate let alone 92.5 percent accurate. This is just another fake claim with no proof to back up this claim. This is just a well laid out trap for the trader.
Note – They urge you to sign up as earlier as possible and show you big success, don’t catch by them and choose real binary trading softwares.
Well there are many testimonials on Pump Trades website. However, it is not easy to believe these testimonials because they do not really appear to be the true facts. When a trader should go for a trading bot then he should evaluate the features, pros and cons of the system and not judge the system through the eyes of others. Thus it seems that the testimonials have just been used to fill up space of the Pump Trades website so the trader has to ignore these testimonials.
When the investor will look through the questions of FAQ then he will realize that the questions do not really appear to be useful and they do not address the prime concerns of any trader so the investor should avoid Pump Trades for sure.
Now this platform just allows the trader to send in an email. What if the trader gets stuck at any point and needs immediate assistance at the spur of the moment. Can this platform offer immediate assistance without any delay? What is missing is the live chat system that needs to be there for any credible trading platform. Thus the investor just cannot fall in for this trap at all. He should understand the fact that the maker of this system is just playing mind games with the traders, here are some original ones to choose from.
Now that everything is crystal clear make sure not to make the mistake of signing up with a system like Pump Trades. It is not a credible system and will never make the investor rich. A better strategy is to learn how binary option trading works. The investor should work on his strategies and then only take the plunge into binary option trading or else trading bots like Pump Trades will land him in a lot of trouble for sure so better watch out.
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