Today I am going to do a review of the Globe Trader website and App, to find out if it is another scam or if it is a software worth giving a go. I got the link for this in a spam email so I figured it would be a good one to check out, And thus far we have learned not to judge a book by its cover, alot of the software we use have awful videos and the sites look dog awful, unfortunately it is the way that alot of binary options software’s and apps have been marketed. So don’t be surprised if this crap website and video end up revealing another great app, although I think that is unlikely at this stage.
So first things first lets dissect the website and see what we think. At the top of the page it says in bold yellow letters, “NEWS: Globe Trader Algortithm WILL Generate You Up To $8,615.00 a DAY On Auto Pilot!
A very bad use of capital letters, but never mind. but the more interesting thing about that headline is the amount it says it can generate you per day, I think it is very unreasonable for any binary options software or method to tell you that you can generate that much money in a single day, in my experience it just doesn’t happen, and in all the years I have been trading, I have only ever made that much after a week of trading, and I put that down to experience and using multiple methods in tandem, not just relying on one auto trader.
So I think that this could well be a scam, seeing as that it is suggesting you can make such an unrealistic amount of money in such a short time. Underneath that particular headline is another that reads, “VERY LIMITED OFFER: GET $50 TODAY FOR FREE TO TRY OUR SOFTWARE BELOW” , So they are offering an extra $50 on top of your initial investment, which seems like a nice thing to do. but it could also be a desperate ploy to get people to sign up, I would like to think its the former, but it is more likely the latter.
They also have a very interesting box below the video at the bottom of the page, which is a type of calculator, You set your minimum investment, and the minimum allowed is $250 which is quite normal with binary options, And then you set your risk level, ranging from 1 to 5, which Is simply a multiplier on how many trades it will take at a time, and then it will work out how much money you can make per day. So with an initial deposit of $250, and a risk level of 1, you stand to make on average $430 per day.
Which is a far cry from the $8 grand they suggested at the top, so what would you need to deposit to make that kind of money? Well that is answered very simply when you put all the sliders to the far left, An initial Deposit of $1000, plus a risk of 5 will generate you an average profit of $8600 per day!
In fairness that is not an in accurate view at all, I would actually say that is very possible, but the reason I never make that per day is simply because I would never take such a risk, I would always start small and build up, but remember, there will be losing trades, there will be bad days, and you need to account for that along the way.
So I would be very sceptical about this software, and I would not deposit anywhere near what they are suggesting to immediately trade it all pretty much at once, the risk is so substantial that more than half of the people that use this software will have their balances irradiated almost immediately.
So I thought I would sign up anyway to actually see what software they are selling, And I must say I am very disappointed, it is a virtnext / dow jones clone, so I will not be trying this software, and I would recommend you avoid it to!
But what should you use instead? I would recommend NEO2 right now, it is literally the hottest auto trader around currently, and it is even endorsed by the massive binary options guru Michael Freeman, I have tested it for some time now and netted myself a £12k balance in just over a week.
So if you are looking for something that will make you a great summer, then that is what you should use, If you are looking for something more long term, then check out Trend Xpert, Another great software that has been around for a long time now, and continues to deliver great results, Or perhaps you want something a little more fast paced, then you should try 10 day social profits, a great piece of software that puts you in control of your money and lets you trade binary options at a fast pace with 60 second trading and up, its alot of fun, and you make money whilst using it!