The promises made by Social Tech Trader are too good to be true and based on the received traders’ complaints we decided to investigate this binary options trading software. Traders at 10BestBinaryRobots.com are given the option to choose another approved trading software.
You can see the results of the unbiased testing and what our experts have to share with you for their trading experience with Social Tech Trader. We cannot confirm the safety of this system so we recommend you to Proceed to Safety OR Try another Top Safe System from the table below:
Top 3 Binary Robots
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Binary options traders who have vast experience in online investments know the importance of auto trading robots. These not only helps make trading easier and more convenient, but they also enhance profitability. But, we all know that scam automated systems are also prevalent today. While it is easy for expert traders to identify them, novices who are not familiar with their deceptive tactics often fall victim to their scam.
The Social Tech Trader is one of those systems that online investors must be cautious about. The system was launched recently and it made huge claims as to how much traders can earn per day. It promises traders to generate a steady income on a daily basis. But our investigation shows us that the creators are only trying to deceive innocent traders. They are trying to attract newcomers so they can rip them off.
What Is Social Tech Trader?
It is a binary options trading robot that claims to work on social technology. It has chat features which allows traders to communicate with each other. It also has news features so traders can get access to what is going on in the financial markets.
But the sad part is that the software has extremely poor performance and it is also inefficient. The concept is new and fresh, but it fails to achieve what it promises. What we can assume is that the creator simply tried to sell a fake software by decorating it with a new concept.
While the software is capable of placing automated trades, the results are extremely poor. We don’t think it works on any algorithms at all. We also don’t think any kind of social trading technology has been implemented in its design. What we have found is that the software places trades randomly to make traders lose their money. The money that traders lose on investments goes to the brokers and the creators of the product.
Technology has changed the way in which trading takes place today. Social trading technology exists and it is used on platforms to allow traders to copy the moves of others. Basically, expert traders are used as benchmarks by newcomers who replicate the moves of experts in their own trading. The main benefit is that it saves new traders since they don’t have to engage in market analysis and research and it also makes the trading experience more profitable.
How To Get Started?
Our review suggests that it is not worth signing up for this software. But for information purpose only, we have provided the details on how to get started.
- Sign Up – in this step, you have to provide your details
- Deposit – once a broker has been assigned to you, you have to make a minimum deposit of $250.
- Auto Trade – activate the software to auto trade on your behalf. But, since it performs poorly, there is no guarantee or earning profits.
How Does SocialTechTrader Work?
Social Tech Trader works by misleading online investors. The creator, Albert Hanson has not provided any details on how it works in the promotional video. We understand that the concept of social trading is new and innovative and it can actually assist in profit making. But this software has failed to deliver on its promise.
We are only told what it does, but not how it does it. In addition, the success rate is not proven and thus we find it hard to trust the words of the creator or the promises of the software.
Social Tech Trader is a Scam
First of all, it is not possible to believe that this system has a success rate of 90%. If it was really profitable, we would have found proof online. The creator, Albert Hanson appears to be a hired actor.
When we did a search on him, we did not find any connection with the Social Tech Trader. The reason is that he was only hired to act in the promotional video for which he was paid. He may also have a different name in real life and that is why we could not trace him. By the claims of the creator and the information that is presented to us, we are not at all convinced that the software works at all.
Another scam element is the guarantee of daily earnings. We have seen the best performing software systems in the industry and even they could not guarantee a steady or a fixed income. So we don’t understand how it is possible to earn $920 every single day.
Traders are requested to proceed with caution because the Social Tech Trader is not the software that it appears to be. It is not a profit generating solution as it has been launched with intentions of deceiving traders.
Our final thought is that the Social Tech Trader is a pure scam and you will be much better off by avoiding it.
Binary Options industry expands the trading services and tools so traders are adviced to choose a binary system that suits their specific financial needs and goals.
Before you decide rather to gain access to or not you should consider the information we have gathered about this software. The main features have been monitored and the performance of has been analysed by our experts.
We cannot confirm the safety and legitimacy of so we concluded that there are more reliable robots. You can Proceed to Safety by visiting the Best binary option trading software with higher overall scores.
I have been trading Forex and Binary Options for the past 6 years. In my blog you'll find reviews and guides on how to become a better trader.