Algoscalper is a new free binary options trading software. The developer of this system claims that he can show us how he made over $4500 in a minuscule 2 hours of trading.
Today I’ll be providing review and letting you know whether or not I feel this is a trustworthy investment or not.
The front page of the Algoscalper website consists of a handful of different buttons, an email subscription form and a video. The video starts with a picture of a cat covered in money. The narrator in the video tells us that knowing a bit about this picture can make a person wealthy beyond belief. This is a weird marketing tactic, telling traders that they can become wealthy by looking at a picture of a cat. I’ll say at least it is original but it’s certainly not how I would market a product.
Weird that the developers in this market always say they need beta testers, just release a product that’s been tested.
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The narrator in the video goes on to say that his Algoscalper has been referred to as the holy grail of moneymaking. I can’t say that I believe it. It’s funny, these free binary options systems always try to deceive the people coming onto their webpage instead of being upfront and transparent. There are a couple of different badges on this website that come across to me as lies, plain and simple. At the top right hand side of the page you will see that they claim to be winners of the 2014 international algorithmic trading competition. Now, if you do a Google search for this competition you will find nothing and no record of this system ever being involved in any competition online. Then, they have an image in the bottom right that says broker profits verify by option trust international. When I looked for option trust international to prove its validity there was no such thing. It’s like these developers just put together systems like Algoscalper slap a couple of badges on the website and throw it out to the public.
Today I will not be recommending the Algoscalper for the reasons that I highlighted above.