GPS Trader is a new software offering innovative ways of controlling your binary options investments. But does GPS Trader really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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What is GPS Trader?
In the world of online trading, reality is uncertain and insecure. Different binary options solutions are available for those people who want to try their luck with binary options trading. There are some legit and trustworthy platforms, allowing their users generate significant amount of profits. Still, the greater part of the market is literally flooded with scam auto-trading decisions, that steal people’s money and leave them with empty bank accounts.
In this particular review, the main focus is going to be pointed at one new binary options trading system – GPS Trader, created by Richard Heffner.
GPS Trader Overview
This is an auto-trading robot, designed to generate profit to traders dealing online bets. It is designed upon a gps technique. The creator of the platform, Mr. Heffner, tells about it in the presenting video, situated at the top of the GPS Trader’s domain. He explains to the viewers that the robot is a result of his previous professional experience as a worker in the largest GPS manufacturing company in the world. This, he has been able to gather the knowledge required in order to create an auto-trading system with very high level of success rate.
Is GPS Trader a Scam?
After a detailed investigation conducted, we can say that the end results are concerning. There is no solid ground that proofs the legit and authentic origin of this system as well as its properly working. The other disturbing fact is that the creator keeps promising over and over again that his product is 100% secure and there is practically no risk, at all. However, everyone knows that there is no such thing as 100% security, especially when it comes to trade binary options online. It is an oxymoron, actually.
How Does GPS Trader Work?
In the promotional video of the binary options trading system, it is said that this software uses Global Satellite Positioning Systems to legally and ethically beat the markets. There is also information, saying that this is the fastest software in the world, and is capable of beating even the Wall street professionals in terms of market predictions. Still, almost each new auto-trading system claims to have the fastest software, too. So, this kind of statements seems suspicious and not a reliable source of information.
The GPS Trader places trades automatically on the behalf of the users, so no former knowledge or trading experience seems to be required. The robot should be able to make the great difference between losing and winning trade, and generate a profitable outcome for the user. The amount of money, promised to be accumulated per day is set to $20 000. This is an enormous profit, and we actually are not inclined to believe to such unreasonable claims.
How Much Does GPS Trader Cost?
The creator of the binary options trading software grants free access to all new users, willing to trade with GPS Trader. However, the free spaces are limited, and also there is initial investment amount, needed so that traders to be able to operate with the robot – $250. Other from that, there is no further information about any additional fees or taxes, related to the system use.
How to Get Started with GPS Trader?
In order for each new user to start using the GPS Trader, he should follow these steps:
- Sign Up – a personal profile creation, by filling in information about names and valid email address.
- Download – this process provides users with their own copy of the software.
- Trade – by enabling the autopilot mode, each trader can start his personal trading process.
- Withdraw – a withdrawal request should be sent to the assigned broker. However, there is no specific information, explaining how exactly this process is being conducted.
Our investigation team conducted a comprehensive investigation on GPS Trader to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if GPS Trader is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.