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DISHONEST SCAM: Honest Trader review
In this review we show that Honest Trader is a simple investment scam that you should avoid.
Honest Trader supposedly is a company registered in the UK that is trading with bitcoin. It allows it to make big profits that you can now allegedly get too.
There are five investment plans with up to 320% ROI after 12 hours, principal included. This means 220% net after 12 hours and 440% net in one day. Which equals to 13,200% per month. Is it really possible?
Table of Contents
Honest Trader scam
Making 13,200% per month is simply impossible in any business, crypto trading is not an exception to this rule. You cannot become a millionaire with a few hundred bucks in a few months.
This means that Honest Trader is a scam and everybody should know it just by looking at the numbers. If you believe that somebody can multiply your money one hundred times in a month for free, you are in big trouble and set for losing money you have.
Honest Trader is a typical Ponzi scheme, which means that some profits might be paid with new deposits, but then the system will collapse because of the lack of new money coming in. This is how these schemes always end.
Honest Trader claims to be registered in the UK, but it is no true. There is no company of this name, the certificate shown on the website is fake.
More importantly, there is no Honest Trader company in the Financial Conduct Authority’s register, which confirms that Honest Trader is an illegal investment program.
Honest Trader is a classic Ponzi scam that is going to quickly collapse and money will disappear. Stay away from it!
Don’t get it wrong, it is possible to make money in crypto trading, but nobody will do that for you for free, you have learn and build a proper strategy. You can try it risk free on a free demo.
The Best Binary Options Broker 2020!
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If you later decide to trade with real money, use only money you can afford to lose, because trading is risky.
Glory Trader Scam Exposed, Legit Review Detects Lies
Binary Scam Alerts is issuing a severe SCAM warning to its members and viewers in regards to the Glory Trader Software (AKA Glory Trader APP) and Phillip Michaels. After conducting a full investigation of this fake app, our team of researchers reached some startling conclusions and fully agrees that it is unquestionably a filthy SCAM. Furthermore, it appears an alarming amount of day traders were victimized by this seemingly legit app, and lost their money to cheating offshore unregulated brokers.
Official Scam Page: http://glorytrader.co/
Another Sad Scam and Proof Provided
It appears that Phillip Michaels does not exist, otherwise he would show his face. There is also no social profile for this person who claims to have the “secret to making at least $1,000 profits during your first hour of trading”. Anyways, here are some facts you can’t ignore.
Gregory Becker, Joseph Whiting, Summer Roberts, and Frank Kerr are all fake photos from an image bank. You can clearly see above the amount of false testimonials and scam tactics that are employed are enormous and I might add not very cleverly disguised. It appears the creators of this fraudulent app have a particular affinity for images originating in real estate websites, as you can clearly see Stephen Castillo is prominently displayed in a Cedar City Utah website called Cedar City Real Estate.
I can continue all day and rip this scam apart into little pieces but I think the evidence is overwhelming and you would have to be completely blind to ignore the information as it has been presented to you and then proceed to buy into this obvious internet investment scam. These Cyber-criminals have clearly demonstrated gross misconduct and lack of ethical business practices.
Looking at the image below you will find a screenshot of the Glory Trader software. It’s plain to see it a complete replica of the Tauribot as well as Citidel LTD software, two of the biggest scams perpetrated recently by less-than-scrupulous binary options online marketers. If you still want to try out this software after reading all of this staggering amount of evidence you are either on drugs or not very lucid.
How Does it Work?
Once you register and confirm your identity by sending over documents the app takes random positions and starts trading and losing automatically. There’s no need for charts or technical analysis. You are also exempt from market news and updates, all that won’t matter since the software is designed to take inferior positions and lose all your money in a very quick and efficient manner.
Is it Free?
As is the case in most products there is no fee and the system is provided at no cost. However, you are required to fund your trading account with a minimum amount of $250.
These Include Insured Profits, Copy Buffett, Citidel LTD, Centument, Tauribot, Zulander Hack, Binary App 810, Channel Ranger, and the Free Money System by Walter Green.
Signals, Bots, Auto-Traders
There is a plethora of systems available for anyone wanting to try his luck, and each one will surely promise you fields of gold and endless prosperity at the point of a click. However they are almost all fraudulent apps without any real proof of real performance or successful trades. However, if you are interested in a solution that has consistently proved itself you will want to read our Binary Profit Method review. If you insist on trying out an auto-trader then Virtnext is the only one I can recommend.
A Word to the Wise
I strongly recommend you do proper research before opting for a trading solution. If you see too much uniformity and everything looks the same, you can pretty much bet its a group of marketers getting kickbacks for referring traders. Look deeper and seek diversity of opinion and different styles of writing, that is how you will be able to separate the chaff from the wheat.
Verdict and Sad Conclusion
The Glory Trader software and App is a fake and fraudulent app. There’s nothing genuine, honest, factual, or sincere about it. If you were under the impression that you are about the make massive amounts of money on Auto-Pilot you are gravely mistaken, and we strongly urge you to reconsider before investing, and don’t forget to subscribe to our Facebook page and YouTube Channel.
Hexa Trader Binary App Honest REVIEW
Hexa Trader – A tried and tested method that had let to all its members banking a minimum of four thousand dollars a week!
– Record breaking accuracy of up to 94.7% winning trades
– REAL Time Updates factor in current events
– 24/7 Live Support in 12 different languages
– Biggest Database of Traders to copy from
– FREE Access – if you wish to discontinue you still get to keep your profits!
Hexa Trader auto-trade functionality lets you make profits – even when you’re away from your desk. Prefer to make your own trades? Just use manual option!
Get exclusive access to industry insights and quick and effective tips you can use to maximize your profits.
Don’t miss your chance to become successful today with Hexa Trader.
Binary Options Trading with Hexa Trader Binary Options Software System have long been an excellent way to earning money online and make a Perfect profit. Millions of binary options traders around the world aim to go down this route to make a significant amount of profits. Yet, they come across a range of hurdles that leave them gasping for air in a world that is ruthless. Peter Morgan have come up with a Binary Options Trading System called “Hexa Trader”, which is designed to make binary options that much easier to succeed with. This Hexa Trader Review will take a glance at the pros and cons of Hexa Trader to see whether it lives up to the hype.
Hexa Trader is fully compatible with any Mobile Platform iOS, Android, and Windows. There’s even the Hexa Trader Software. You can easily put it to use to your advantage wherever you are at. You won’t have to spend weeks or even months on confusing binary training, sit and stare at your computer for hours, push pointless buttons over and over again, or learn some overwhelming and thus confusing software. The goal of Arnold Palmer was very simple: create a fully-automated set and forget it binary trading system that only requires no trading experience, no formal education, no risky or gambling investing, no specialized equipment, no expensive software, no experience trading stocks, and no understanding of the financial market. The Hexa Trader Robot has a 97% accuracy and over one thousand happy traders. When you earn profit, you’ll just have to pay Hexa Trader 1.5%. That’s it! You will have to pay it within seven days after the invoice is sent via email.
iTrader Review – is it scam or safe?
RECOMMENDED FOREX BROKERS
|Account Type||Minimum deposit||Minimum trade size||Max leverage||Spreads||Withdrawal|
|Silver||$250||0.01||1:200||2.2 pips||up to 7 days|
|Gold||n/a||0.01||1:400||1.3 pips||up to 5 days|
|Platinum||n/a||0.01||1:500||0.7 pips||up to 3 days|
iTrader offers its clients a choice of three basic account types: Silver, Gold and Platinum.
In addition, iTrader offers swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to pay or earn interest for religious reasons).
Micro lots are also available for trade.
The Company. Security of Funds
Founded in 2020, iTrader offers trading in around 50 currency pairs and wide range of CFDs on indices, stocks and commodities through the MetaTrader 4 platform. The company behind the brand, Hoch Capital Limited, which acts as market maker in relation to transactions, is a Cyprus Investment Firm that is licensed by Cyprus Securities and Exchange Commission (CySEC).
CySEC applies certain rules and requirements to Cyprus Investment Firms. For example, they must maintain net tangible assets of at least €730,000 in order to prove their financial stability. Besides, the Commission requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.
As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20,000 EUR per person, If the company ceases trading or becomes insolvent.
Moreover, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services in all EU Member States.
Minimum Initial Deposit
In order to open an account with iTrader, traders have to invest a minimum of $250. Such minimum initial amount is considered average; however, many other Cyprus-based brokers require less. For instance, leading EU brokerage XM demands just $5 from its clients as a start.
iTrader offers commission-free trading and floating spreads, varying by account type:
– The ones on the Silver account type are quite high, starting from 2.2 pips on majors;
– Gold account holders are able to use spreads, which are on the upper end of average (1.5 pips);
– Platinum spreads are really good, starting out at 0.7 pips for the EUR/USD pair, however supposedly the minimum initial deposit for this account type are high.
For purposes of comparison, XM’s average spreads on the commission-free accounts amount to 1.7 pips on EUR/USD, while the ones on the Zero account type are averaged 0.1 pips on EUR/USD and involve commission of $5 per standard lot (per side).
The maximum leverage level offered by iTrader is 1:500, which is a high ratio. However, many Cyprus-based brokers offer similar or higher leverage levels – for example, XM provides leverage up to 1:888. For further information, you can check out a list of brokers, providing leverage equal to or exceeding 1:500 here.
Undeniably, high leverage provides opportunities of earning good profits on a small deposit. Nonetheless, we advise traders to be careful when using it, as higher leverage also involves greater risk of losses, which may even exceed the initial investments.
iTrader supports the most widely used forex trading platform, MetaTrader4 (MT4). It comes as a PC, web and mobile versions.
MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.
Like most brokers, iTrader offers a virtual private server (VPS) that you can use for hosting your MT4 EAs, providing extra protection when trading forex.
Methods of Payment
The following payment methods are available to iTrader clients: credit/debit cards and bank wire transfer. Popular e-wallet payment systems, such as Skrill & Neteller are not supported by this broker.
Currencies accepted: USD/GBP/EUR.
iTrader is a well-regulated forex & CFD broker that utilizes the popular MT4 and offers satisfactory trading conditions. To sum up the above, here are the advantages and drawbacks with regards to this broker:
|Well-regulated||Market maker model|
|MT4 available||No choice of trading platforms|
|High leverage levels offered||High spreads (except on Premium accounts)|
|Commission-free trading||Limited payment methods|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Traders` reviews for iTrader
high leverage, lot of available trading markets, withdraw is possible and easy, and FTD is low – these are important things for me. I always try to find out which brokers have it. This one has, I joined and now wait for the result. I trade, it seems like not so hard now
in the middle
I put 225в‚¬ on Itrader yesterday evening but regretted it and made a withdrawal request. I then got a many mails where the correctedly filled out data for the bank etcetera were mixed up. Of this morning I am getting constant phone calls from them. I have told them that I am out but that does not seem to help. I wonder whether they are now going to claim that they do not have my bank data correctly to not satisfy the withdrawal request.
Possible scam, very aggressive coercion
I don’t know if I was unlucky or if they are scammers, but what i do know is that the account managers are pressuring you immensely to make new and bigger investments. In my case it went up from an initial 250 euros to 32K, every time investing more and more to keep my accounts afloat when trades went bad and pushed to use a doubling strategy to compensate.
They are very persuasive, claiming to be your friend, that our goals are aligned as they receive a bonus based on how well they client is doing (because those clients will remain and make new trades), tell me they can’t sleep at night because they felt bad that my trades were so unlucky etc. Every possibility is used to coax you into believing and following them. They will stay on the phone, waiting, until you follow their ‘advice’ and make the trades they suggest.
I was told several times to do Forex3 trades, which have a large swap and high spread. Every time they claimed it was essential for the strategy, every time it turned sour, forcing me to invest more cash to keep my account afloat.
In the end I was convinced to open a trade I couldn’t support without a significant loan of another 20k, but they only told this after I’d already done the trade. Any chance I had to salvage what I could was stalled by their advice to just “keep it open for 1 more day so they would tell me how I could solve it”; they did call, 2 hours later than agreed and 8 min after the market closed. Next day the swap was up to 11K and the margin left was so low the trades were all closed. and I lost all my money.
Legit or not, stay away from them unless you are able to withstand the pressure they put on you and don’t trust their expertise when it goes against your gut feelings.
You are a lie! Complete scam!
My complaint – update
My complaint about iTrader
Stay away from this company.
iTrader Adresse in Deutschland
Da eine Adresse in Deutschland (Hoch Capital, 85609 Aschheim, Einstein- ring 35) als auch eine deutsche Bankverbindung angegeben war, hatte ich erst keine Bedenken. Als die Nachforschung ergab, dass es keinen solchen
Translated by Google:
Since there was an address in Germany (Hoch Capital, 85609 Aschheim, Einsteinring 35) as well as a German bank account, I had no reservations at first. As the research revealed that there is no such
This company is a scam they robbed me
Please help me, please!
Today we know 97% of all Binary Option traders will loose their funds and very few of those firms are in the reality connected to any market. ITRADER.com is just one another scam-company. But they seem to have published a lot of fake reviews on some review forums, and even been discovered for it! They have their adress in Cyprus , but it`s ruled like over 90% from Tel Aviv Israel. Itrader.com is confirmed to be located there by an Israeli law firm. Keep far away from those scam websityes on social media.
Itrader turned out to be a scam
Stay away from this scambroker. They stop responding the moment you want to withdraw and it`s impossible. Just one Another scam website among 400 others Binary Option companies on the internet
Its a bad company, The only thing that they want
The only thing that i whant is my money back And a deleted account
Not a scam
I was trading with them for 3 months and had a profit.
If you have landed on this page, that means you are probably a victim of this fraudulent online company which presents itself as a broker or a reliable company but is in fact a scam.
People start to smell the scam when they canвЂ™t withdraw funds, or suddenly their money has been be traded away. ThereвЂ™s many strategies the scam companies use to steal your money вЂ“ but it doesnвЂ™t mean you canвЂ™t effectively fight back. Of course, youвЂ™ve probably tried to ask the broker politely to simply return your money, and it obviously didnвЂ™t work.
Stop wasting your time and get help from experts
OK? We are ГҐ lot of people here !
I have been led up the garden path .Advised bad trades and than asked to invest more money to protect the bad trades. Please do not deal with them.
Account managers are trained to get as much money out of you as possible
I have been on iTrader approx 4mths..had 3 “Account managers”..and under each of their instruction have had big losses..last one had me opening trades late this friday afternoon..against my gut feeling I did what he asked..4 trades with bigger lots than I would normally put on..which inccured over $400.00 in swap fees..i have had 3 margin calls..but as the market was closed I figured F. it..so I’ve now been able to close 2 trades as the asian market opened at 10pm sun night.This was all because I told the account manager I wasn’t putting any more money in on Fri..The 1st week on ITrader I made over $1000.00 on my own..afterall anyone can go check investing.com..dont need a manager for that..
SO ITRADER I DO NOT WANT AN “ACCOUNT MANAGER”
Can you get back to me on the limits for each account..Silver..Gold ..Platinum..This question has never been answered..by anyone.
After growing my investments, I have decided to withdraw three-quarters of my money. They have asked me for numbers of requirements, but after meeting all of their requirements I was able to get the money.
trying to stop me from withdrawing my money
hello,after putting ВЈ250.00 in an account with itrader I wanted to withdraw my deposit and asked itrader to do so I have been unindated with phone calls from itrader trying to stop me from withdrawing my money.i have told itrader that I want my deposit returned to my bank via my card. they seem reluctant to do so.mr paul Jefferies.
My complaint about iTrader
Just an update on my complaint against iTrader. They agreed to pay me the settlement figure which was proposed so in return i agreed to drop the complaint i raised about them. I am pleased to say that this matter is now closed.
If you are thinking of investing with iTrader. DON’T
I am currently having a very bad experience with iTrader and to be honest i am actually quite embarrased about it. I will try and keep my experience brief. I initially deposited ВЈ250, i received a call fairly quickly from my new Account Manager and was told that in order to have good leverage i needed to put a little more money in the account. I decided to increase it to ВЈ2,500 to give me a fair chance of making a decent return. I would like to point out that the main reason for investing was to build up my deposit to buy a new house for me and my kids. I made some profit with the deposited after a few days but i was told my Account Manager that he could not really trade with what was in my account and i should put more money in my account. I made it clear that i did not intend to trade with that much money as i did not know anything about trading and whether it would work for me. He told me that the best way forward was to get a loan from my bank of ВЈ50k and in fact this was a usual practice he did with most of his clients which always worked out ok. He kept reassuring me we can make the money back even before the first repayment of the loan was due. He asked me to open up my online banking portal so we can apply for the loan together which we did and luckily the bank approved ВЈ25k instead of ВЈ50k. He told me to increase my overdraft limit so we can add more money to my trading account. This was the start of the downfall. about a week after this loan was taken out my account was in trouble and of course needed a large sum of money ‘pumped’ into it to save it. I had no other means of borrowing money so i asked my mum for help and she took out a loan from her bank as well as applied for a credit card all to keep my account afloat. I told my Account Manager that i was very uncomfortable with the large sum of money i was t rading with and i was especially concerned to take money from my mum. I was reassured that all was fine and once my account got back to normal in a few days the money i boorwed from my mum will be taken out. He told me that i had to keep trading with the money though to make more profit. Lo and behold the account got into trouble again. you get the idea. To cut the very long story short i lost a large sum of money (all the borrowed money including my mum’s borrowing). I am ashamed to even mention how much it was in total because i keep wondering how i was cohersed to take out all this money. It is very much out of character for me to be taken for a ride but i was made to feel like i could not trade if i did not have a sufficient sum. I was very keen (albeit naive) because i really wanted to make money for a deposit for buying a new home. Since i lost the money 3 weeks ago my Account Manager has changed 4 times!! No one seems to want to take ownership of my account. Apologies for the rather long (essay like) post but i tried to get everything that has happened into it. iTrader’s approach of getting clients to pump their account with money is highly UNETHICAL and i am sure they have broken a few rules here!! I would urge anyone who is thinking of trading with them not to. if you are already trading with them let my story be a lesson learnt. This whole experience has ruined my life, left me with a large debt and unable to purchase the house i wanted to for my family. I have asked iTrader to pay my back all my borrowings at the very least. i have all intentions of pursuing this legally if i have to
Scammed by these crooks.
ITRADER company is a big scam they only asking you to deposit more and more money! Also this company sending you apps calling Team Viewer and they have access to you bank details. They also are pushing people to take a loan by saying if you do not take a loan you will lose money and saying they will help you to make more money. I initially was robbed of several thousand ВЈ’s! My account managers name was Anna C telephone n0 +44-18-64340023 When I have tried to withdraw the money again on several occasions after filling out all required details each time in my account I have never received any money in my Building Society account! I am a disabled person and this extra stress has not been welcome! My advice to anyone is AVOID THIS CROOKED COMPANY LIKE A BAD SMELL.
Itrader company is a big scam they only asking to deposit more and more money also this company sending u apps calling team viewer and they have access to you bank details.They also pushing people to take a loan by saying if u will do not take a loan u will lose it money and saying they will help u to make more money.To be honest never give them any personal information of they ask like how much u earn are u single or have u got kids cos that means they will calculate how much money they could still from u .
For any inquiries and issues
This is ITRADER.com Customer services team!
BIGGEST SCAM !
Not bad after all
Hello I’m Caroline from Canada. I have traded with several other brokers. I found ITRADER quite same as others; except they have a little edge over others for being extra nice to their clients. I had withdrawal issue, luckily they have listened and immediately resolved the my concern.
iTrader: Dishonest sales people
I was told that their forex trading had leverage but didnt involve any margin call if the market goes the wrong direction. I really tried to ask how that is possible and all they said was you can just get yourself a position and sit on it and then when it turns so you are in the money you can cash out. But if your position is out of the money you will not need to pay more to keep your position.
In this way they were persistent and unfortunately I agreed to deposit $250. After I deposited the money I got someone else to call me up and not the guy who promised me to explain his claims. This new guy was a salesperson kind of guy and didnt listen much and wanted me to spend my money and also to deposit more because of many different reasons.
I have been trying to get my money back because I initially deposited based on false information and had not considered everything else they started talking about after my deposition. I would recommend everyone to stay away from all trading companies and just invest and sit on the money using something simple as the dollar avarage method ETC. To me they all seem dishonest, CySEC license or not.
Decency is the Key
Being a full time Insurance and Pension Auditor is not enough to give all the needs of my family, especially that the cost of living here at Switzerland is too high. So thanks to this friend of mine, who introduced me this broker, because I was able to have a secondary income that helped me to give all my kids necessities. Their withdrawal is very smooth, and pretty decent.
Web and Mobile Mode
Great broker, regulated and has many license for different countries. Their Website Platform is fast and powerful so as their Mobile Apps, of which many brokers fall short of.
This broker uses MT4, a user friendly platform known worldwide. This is one of the best reason i stay with this broker.
Trading at its finest!
I am Caitlin from United Kingdom, and this was my first time t be involve in this kind of industry – trading. I am really impressed with this broker because this has been really gave me the best experience ever. Their rules and regulations is what I really like. I feel safe trading in this broker. Love to have you indeed!
not a scam
not a scam. they were in the trading industry for a short period of time but already gain their reputation as a trustworthy broker. been doing withdrawals and was able to get my money complete.
Review for iTrader
Very popular broker with good trading conditions. But when i read their terms and conditions, i understood that it is a 100% bucket shop that attract client with unbelievable bonuses and advertising.
iTrader is my Choice
Good to see this website, and most of the written above are true. I have been trading for couple of months now, and I can say that this broker is really well regulated. Also, it really offers a satisfactory conditions as long as you abide in their rules and regulations.
Just make sure that you are really passionate into trading because by then you’ll really enjoy this one.
User friendly and regulated
Just like any other brokers, they have their own pros and cons. But what i like most from this broker is that it has a very user friendly platform, i got used to it for just a couple of days. Also i they got my trust because i know it is regulated and my money are in the safe hands.
Not The Best But Great
Hi there I’m Luces and I’m from Belguim. I am trading both on forex and binary. My choice for forex is this broker and I’m happy with the service they offer, their education section and advice from brokers are a big help to learn how to trade. I lost a couple of time but also won too. My investment in them is paying off (I’m not rich yet but hopefully will haha)Thanks for this review.
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