In this review we expose the Social Trader Software as Scam.If this is the question you are asking, you will soon find the answer in our unbiased review. There is no doubt that it is a scam and we tell in this review how your money is at risk if you let Social Trader system manage your trading account.
How Can Social Trader 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 method and now he feels that it is social obligation to help others by giving away a limited number of copies of his software.
Why The Social Trade System Is Scam ? Review Exposed !!
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.
This App also allows you to automatically follow and interact with other traders in the same social network. If you follow a number of traders at the same time you can diversify your own trading portfolio.According to Jonathan Cooper, his Social Trader software has not been officially launched and he is only offering it for free to fifteen people and then his website will disappear!
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!
There is very little data available from Social Trader system about the average number of winning trades from this system, just a guarantee of making daily profits of between $1650 and $3,200.
Proof That Social Trader App Is A Scam!
Our investigations for this review found plenty of proof to show that Social Trader method is a big scam. There is far too much misleading information, fake testimonials, false identities and hidden details, which would not be the case if this software offer was genuine. The Social Trader scam is designed to look as if there is zero risk. In fact there is a real risk that your money will disappear.
There is no single social network connecting all the world’s traders. People join social networks through choice and there is no way that every 8.5 million traders would all want a public profile where anyone could find their trading portfolio, statistics and all their earnings.Even if it there is a network of traders, how legal is it to use software that is monitoring all their earnings? Do any of the top traders even know that their actions are constantly being monitored by this App?
There are some photos on the Social Trader website showing some of the top traders, but these are fakes. The pictures have been taken from sites supplying stock images which are available for anyone to use. These are not photos of real traders.
Jonathan Cooper is supposed to be the creator of Social Trader. Again he is represented by a stock image of a man who is not really a CEO. The voice you hear on the video is just someone reading a script. The people who appear in the video have been paid to take part. They are all filmed against a plain background, so there is no way to tell if they have or have not made a huge amount of money from trading.
The narrator of the Social Trader video guarantees a daily income of $1650 to $3200, but legal wording on the Disclaimer for the Social Trader website states that profits are not guaranteed and says that you need to be aware that all of your money could go on losing trades.
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 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.
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Conclusion – The Social Trader Software is Scam !!!
The Social Trader scam makes it look like a very limited offer, so that more people will sign up and deposit money into an affiliated broker account.If the free system is really only available to 15 specially invited people, the website would not stay online. Each time we visited it for this review, the offer was still open to anyone who is viewing it. .It is obvious from our Social Trader review that this scam is attempting to attract people who are new to binary options. There is nothing to back up any of the claims about this software and nothing about it is believable.