Hello and welcome to another review from the Make Money Online Zone. Today we are looking at a brand new system that claims an average profit of around $1650 to $3200. Sounds like an amazing way to make money online already! Welcome to our Social Trader Review. If you are interested in this new release then please read this full review before taking any action as it just might help you.
By the sound of the name, Social Trader sounds like it has something to do with social media sites like Twitter or Facebook. And that is one of the angles that the creators of this product want you to buy into. However, this system really has nothing to do with any of the social networks at all. In fact the only thing that this software has to do with social media is the fact that is being heavily promoted there. And for good reason, at $250 per sale, marketers are going to be pushing this product in any way possible. But what is Social Trader and can it really produce the high earning potential that it claims is possible? It didn’t take a lot of investigating to find out!
Social Trader Review – The Easiest Way To Make Money Online?
Social Trader is currently being pushed as the latest and easiest way to make money on the internet. Unlike many systems and methods that take time and effort to put into place, Social Trader doesn’t require any of that. In fact Social Trader is a completely auto-pilot system that you can set up in a few minutes and then see the money start to roll in. Happy days! Or is it??
The truth be told, Social Trader is nothing more than an old system that we have seen used and reused many times before. The Social Trader software is being given away for free and this can be a great attraction for a lot of people. But beware, there is a very nasty scam that lurks in the background of this very tempting offer. The software is actually nothing at all to do with social media sites, it is in fact binary trading software.
Social Trader Review – What Is Online Trading?
If you haven’t heard of binary trading, it’s a type of online trading where anyone can “invest” money into stocks and commodities. Binary trading is very simple to understand because you are in affect betting on the outcome as to whether or not a stock price will rise or fall in value. There are always only two outcomes in binary trading, win or lose. Although a lot of people class this as simply gambling, there are other professionals that put this under the category of “investing”. No matter which way you look at it, binary trading is a billion dollar industry and although some people make money doing this, there are thousands of people that are scammed every day.
Social Trader Review – What Is Social Trader? Is It A Scam?
The idea behind Social Trader is that the software supposedly connects with professional traders and will copy what they are doing. The Social Trader software then automatically makes trades on your behalf, copying the same trades that the pros make. So is Social Trader a Scam? Let’s take a look at what is really going on here…
The Social Trader software is given away, completely free. The sales video says that the software will only be given away to 15 people!
Wow, there are going to be a lot of disappointed people that don’t get it. When the software is given away for free, we are asked to enter out details, just like we would for any membership site. Notice however with Social Trader that they also want your telephone number. Once you details are entered you will be directed to a site where you are required to sign up for a trading account. This account is needed to make the software work. Oh and you will also need to add $250 to that account too! Should you get this far and deposit your money, you will then need to verify who you are by telephone. And here begins the first phase of removing even more money from your bank account.
Social Trader Review – Been Selected For A Life Changing Opportunity? Yeah Right!
You see, most binary trading brokers offer training and educational packages for people that want to learn the real ways to trade online. These packages normally cost a lot of money. In our experiments we were offered one to one training for just over $10,000. And these guys are not known for delivering the soft sell either. What makes Social Trader a little worse than some of the other trading software is that they will encourage you to open more than one trading account “for best results”. Of course this also means dealing with lots of companies that will try to sell you their offers and training packages too. Not only that, but opening more trading accounts means depositing even more money to fund each of them.
Social Trader Review – The Free Software
So what about the software itself? No doubt you will have seen the results within the sales video and this for many people will be enough to get involved. But please listen to me when I tell you that you will lose your money by investing anything into this software. Social Trader is a complete and utter scam that is simply designed to take as much money as possible from your bank account. The sad thing is, they will do it completely legally and you won’t be able to do a thing about it, should you get involved.
Social Trader Review – Conclusion & My Advice
This software is very similar to lots of others that we have seen over the last few months. The software is not designed to make money online, as it says in the video. Instead the software takes your money and in the process of you opening an account with the trading company, the software creators take a commission from the profits. The process of telling you to open more accounts is just so that they can make even more commission. The creators of the software even get a commission when sales are made via the “telephone verification” process. This entire process is designed to target those people that really want to make money online or those that are desperate to make extra income. Please believe me when I tell you that this is not the way.
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