Social Trader Software Is Scam !!! SocialTrader.co App Reviewed!!
When conducting this Social Trader review we were not sure about what this app would reveal. The Social Trader mythology is nothing new , many software’s and brokers have this facility where you can copy other traders trade for trade. The downside is that with such type of applications you will share not just the wins but the losses as well. This is why it is so important to understand who you are copying ? What is their history in trading ? Do they have a good or a bad track record? In this review we will look to answer this questions and outline why we feel that this social trader app is a scam. We would encourage any would be traders who are interested in this software to read this review in its entirety before making any decision about the Social Trader Software.
Social Trader Software Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Paid Actor Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Probability of Being a Scam: Yes
Social Trader Software Scam Alerts
The social trader software has a lot of the usual indicators of a scam, with the typical impossible revenue gains, bogus scarcity and a countdown timer that resets. While this trader possibly sounds like a great auto-trader at first, and the video might be very convincing, we urge you to consider the facts before you reach your final decision.
The very first thing you must know is that Jonathan Cooper is definitely not the CEO. As you will see from the image just below this one, it was taken directly from a stock photography site.
Here’s the exact same photo they used, but as you probably will notice, it’s from the stock photography site Shutterstock.com, so it’s just a generic image.
This clearly exposes the Social Trader Software Scam conclusion. The whole basis of this system is that they have millions of social trading experts that you can pick from to copy their trades. But just think about that for a few minutes. They’re claiming to have over 8.5 million trading experts!!! That is such a ludicrous claim and makes no sense at all! If they claimed to have 50 trading experts, or even a hundred or two, that would be difficult to achieve, but 8.5 million trading experts? That is crazy!!!
How Can Social Trader Software Leverage the Power of Social Media?
The Social Trader software gives you 100% hands-free trading. It uses the power of social media to connect you with successful best binary options traders and then it recreates their trades from your own account. Everything is all done for you on autopilot.
How all of this is possible is not explained by Jonathan Cooper, the CEO of Social Trader App. He says that he made $7 Million in 2015 using this Social-trader.co method and now he feels that it is social obligation to help others by giving away a limited number of copies of his software.
The Social Trader system finds the world’s best traders, checks their profiles, monitors their trading stats, portfolios and total earnings! The software will search a network of 8.5 million traders around the world so it can find the greatest experts in binary options and you can use Social Trader signals to copy their trades from your own account.
All you have to do to access the free download is to enter your details on the Social Trader website. First you will be required to open a new trading account, with a broker who is affiliated with Social-trader.co website and then you will have to fund your account with a few hundred dollars. The App will start monitoring some of the world’s top traders and copy their trades for you. Everything is automatic, so there is nothing more for you to do!
Proof That Social Trader App is a Scam!
The narrator of the Social Trader video guarantees a daily income with the prospects of earning life changing sums of money. However when you look at the disclaimer you will see that it actually this is not guaranteed. It clearly stipulates you may end up loosing your investment. Why advertise something and then hide behind the disclaimers.
In the promotion, a trading account is shown in the video and you hear the British voice of someone who is supposed to be Dave Johnson reporting on his first four days of trading with Social Trader program. The fake account shows a few losses and 118 winning trades, but it is only a demo account created for the Social Trader scam. It does not show what will actually happen when the software is used for real trades.
There is no genuine review anywhere online from any trader who has made money with this socialtrader.co system. The “Minute By Minute Updates” on the Social Trader website are from fake Twitter and Facebook feeds. The messages only show the first name of each member and do not feature any real usernames or real social media accounts.
The awards at the bottom of the home page are also fakes. They are not associated with any review sites and there is no way that Social Trader platform could have won an award in 2015 when it was not available and it still has not been official launched.
On top of all that, I clearly recognized this guy shown below in their socialtrader.co video as a Fiverr.com actor. For those of you that haven’t read a lot of my articles yet, Fiverr.com is a place where you can hire people to do stuff for you and you only pay $5, hence the name.
Here is yet another part of their crazy scam, Jonathan claims that his socialtrader.co trading account has a balance of close to $2 million dollars! Even if you have never traded with binary options before, a figure like that should set off the alarm bells with you. Why would anyone leave that amount of money in a trading account when you can only put down a thousand or two at most per trade? It simply does not make any sense, and the reason it doesn’t make sense, is because it is a scam. These people are simply out to trick greedy people that see a million dollars in a trading account and then actually believe that making $1,883,004.72 is possible with a system like this. Don’t fall for it!!!
Also don’t follow the 15 spots remaining tactic this socialtrader.co app shows on the top right of the page. This simply is a ploy to trick you into investing without performing any due diligence. We strongly advice that you avoid this my social trader trading software, and take into consideration the evidence we gathered in this review. If you have any questions or feedback relating to this new offer, be sure to share it with us under this post.
Copy Buffett (offer now closed) is an example of a reliable automated software that has received positive testimonials and receiving good reviews across various authoritative sites. For more information about this software check out the latest trending signals.
“General Risk Warning: The monetary administrations gave by this site convey an abnormal state of hazard and can bring about the loss of every one of your assets. You ought to never contribute cash that you can’t stand to lose.”
For newbie traders who would like to start with a start we can recommend you can trade with 24Options.com which offers members with a $20 minimum deposit vs $200-$500 as required by most companies in the industry.
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