Social Tech Trader Review
Since we haven’t gathered enough information yet, we cannot confirm that Social Tech Trader is safe.
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Social Tech Trader is a binary options robot that has become viral since it was launched. The reason for its popularity is that online investors became hugely interested in its social trading concept.
The software has been introduced into the financial trading arena by someone called Albert Hanson. It promises to change your life if you opt for it. But our detailed investigation suggests that Social Tech Trader is a potentially dangerous scam.
Getting Started With Social Tech Trader
Traders are required to follow these three steps if they want to trade with Social Tech Trader.
- Sign Up – this involves filling in your personal details in a sign up form.
- Make a Deposit – the shady broker the software assigns to you have a deposit requirement of $250.
- Auto Trade – you can activate the software to auto trade on your behalf, but you must keep in mind that its performance is not up to the mark and therefore you may end up losing your money quickly.
Operating Mechanism of Social Tech Trader
The promotional video contains some information about the robot, but it does not discuss how it actually works. The presenter, who claims to be Albert Hanson keeps repeating one thing throughout the video and that is success rate his creation is capable of achieving.
There is no real proof that the software can achieve 90% success rate. Real traders who have used it failed to earn any profits. If they are able to earn profits, the broker they invest with refuse to process withdrawals.
The social technology that is discussed on their website exists, but we don’t think this software makes use of it. It has news features but we have seen discrepancies and inaccuracies. The chat features are also unreliable because even if traders copy the trading moves of experts, they end up with huge losses every time a position is opened.
SocialTechTrader – Legit or Scam?
If Social Tech Trader was a legit option, it would be offering its service for free. On their website, they have mentioned that the software will be free for the initial period of 30 days after which it will be upgraded to a paid version. This is a lie because the software has nothing to offer and it will remain free until it exists to entice traders to lose their money to them.
The people behind the creation and distribution of the software have used pressure tactics to make investors sign up quickly. Investors are lured with false promises of huge profits and since they are made to believe that spots are limited, they don’t take their time to conduct a research about their software. By the time they realize that they had been tricked, it gets too late because they have already lost their money to these scam artists.
The software or its creator has no social media presence. The reason for this is that the creator is a paid actor and his real identity has been hidden. If you do an image search on Google, you will find the number of scam systems which he has promoted, all under different names.
You will also find testimonials on the website which are fake. If they were real, they would appear on several places on the internet.
Social trading is a form of web based technology that allows traders to follow others. The idea is to help the less experienced ones enhance their profitability by copying the trades of experts. This technology very much exists and a number of trading platforms have implemented it as a unique feature to make the process of trading simple for beginners.
We can confirm with absolute certainty that Social Tech Trader is a scam. It has been tested several times, but at no point did it deliver positive results. The only advice that we can give our readers is to stay away from it. Ignoring the facts that we have mentioned in this review and our advice could see you losing all of your invested funds because this software works pretty much like the other scams which are currently floating on the market today.
After making detailed investigation of Social Tech Trader our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.