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Are you embarking on a journey to make money through binary option trading? Do you want to filter out the scams? Well, here we have the essential details about the newest scams online. Tratika is a dishonest auto trading system. We were keen to bring the facts about this system to light so that the new traders would not fall in this trap. Our review intends to uncover the scammers.
Now we have just looked into the interface of Tratika in a lot of detail and have come up with a lot of things that point in the direction that this system is a scam. Apparently this system seems to be offering auto trading, social trading and semi-automatic features. If this system would have been real then it could have brought more of a revolution in the field of trading but that does not really turn out to be the case. The reason is that each and every aspect about this system is flawed. We will start with the semi-automated system first.
Well, the semi-automated system claims to be sending you proven alerts. The point is that when we investigated these alerts we figured out that there is no element of authenticity because the system has not facilitated a demo account to check it out. Without a demo account it is hard to come up with a solid opinion about a system. This is why the trader cannot fall for the claims of this system. Apparently this system has algorithms for long-term, mid and short options. However, the system has not put up any credible proof whether these algorithms work or not. Tratika claims that the peer to peer trading system tends to connect you with the expert traders. The system claims that you get expert trading advice after the process of voting. Well, this does not appear to be a very useful feature as per our opinion because you cannot judge the authenticity of the advice or the people who gave the advice.
A better facility could have been that you should have been given the chance to copy the trades of the expert traders. This could have given you an idea how trading takes place in the real world. What we find most risky is the auto trading feature of this system because we believe that you tend to lose all control when you allow Tratika to trade on your behalf.
Now what made us more apprehensive is that for auto trading Tratika has just mentioned briefs about the algorithms. For example, it states the fact that auto trading makes use of Investo, Baser and Rush option. However, these terms are completely alien for a new trader who does not have any idea how trading happens in the real world. We are of the opinion that this information is not quite useful because there is no elaboration of this aspect.
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Tratika simply states the fact that the Rush option is meant to get fast results. However, we believe that for a new traders consistent results are more important than fast results. Moreover, fast and volatile trading opportunities can lead you to losses. For Basers Tratika simple states the fact that these options tend to have an expiry of 4 hours and you can use this strategy with manual or auto-trading. However we believe that there should have been a practical demonstration of Basers to analyse its working. The information available for Investo is equally vague.
The website of Tratika states the fact that Investo provides long term investment opportunities to the traders. This means that the traders can place trades that might materialize in about three days. It would have been better if there would have been an exclusive tutorial that discussed these strategies.
Moreover, we feel that the auto trading process of Tratika should also put forth an explanation for stop loss feature. It does not sound practically acceptable that you will select the parameters and Tratika will be able to trade successfully for you. Tratika simple states that stop loss feature controls risk but how is the unanswered question here.
We realized the fact that it is important to question the earning ability of this system as well. Apparently it promises that can get a return of about $75 to $200 for a trader. Now we believe that is essential to back up this statement with evidence. However, the website fails to put up any evidence in this regard. Moreover, we feel that with the use of such complicated trading strategies it is not really easy for you as a trader to start rolling in money.
We were in for a surprise when we could not get any reliable information about the owner of Tratika. We believe that it is not quite possible to trust a system without having any background information about the makers of this system. Well, we searched online and looked into various reviews, but still we could not get any knowledge regarding the CEO of Tratika. Moreover, another important aspect that we felt was missing were the testimonials. Now this puts up a big question on the repute of this system. This means this system has not been tried or tested. Moreover, you will put your future at stake if you decide to go with this system. Play it safe and avoid Tratika as it can cause potential damage to your trading career.
Verdict: Tratika is a Scam!
Shun Website: https://www.tratika.com/
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