The Google Trader software is a scam. Thankfully, the closed scam has been tried and tested and promises huge returns and no risk. In this review, I will show you the tactics used by Google Trader so that anyone tempted by a similar service can spot the warning signs and trade with legitimate brokers or signal providers.
Google Trader Scam
The scam page lists many tactics used by binary scam operators. Google Trader has combined several things to buy their clients.
This software used a fairly common trick to connect with respected companies. In this case, we have Google, a search engine company. Many books on social science emphasize people’s trust in what seems familiar. Fraudsters gave an impression of their creditworthiness by associating them with familiar household names. It’s a method that has been used many times, including the ‘Copy Buffet’ scam, which uses Warren Buffet’s trading reputation to cheat customers.
The truth is that Google has nothing to do with this sin. Fraud also cited claims that “Google made me $6m last year was a “drop-in” merchant whole”. This was purely an attempt to fool people, somehow connected with the tech giants.
Software
The scam centered around some automated trading software, and scammers claimed to be able to guarantee successful trading. Promises of excessive wealth are a popular one among binary scams. A Google Trader video claimed to make thousands of dollars every day without the account holder’s time or effort. It also suggested that no prior trading knowledge is required. These types of claims are, of course, very risky.
Binary options require the same care and attention as any other form of investment. Companies that offer to make a lot of money are likely scams.
This scheme has a minimum deposit of $250. Then the company simply stole the money. In some cases, the company’s account manager requests additional funds to provide better signals or tips to its clients. Once the funds are deposited, the customer will never see them again.
Google Trader app
The software promised apps to allow users to exchange signals online. However, like all other elements of work, this was another lie. Numerous real reviews of Google Trader are starting to emerge. Users said they couldn’t process withdrawals and that when customers initiated payment requests, push account managers were resorting to profanity.
This type of behavior reflects previous scams in which account managers build befriending relationships with customers in the first place. Once trust or friendship is established, it will encourage more deposits. The tone changes very quickly when account holders start requesting withdrawals. Ultimately, all communications will cease and funds cannot be retrieved.
Trader Login
As mentioned before, Google Trader is gratefully shut down. However, these scams often reappear with very similar names and again do exactly the same thing. When a user reaches the login screen, a false claim and sell video is launched.
There are so many legit and honest brands out there that it makes no sense to even try the unsuspecting ones. Visit our scam page – we provide detailed information on how to check for scams. It also lists similar services to Google Trader and should be avoided at all costs.
You should consider where you can get instructions on binary trading, do these sites promote Google Trader or similar types of scam sites? If so, other information on that page is also unreliable.
Honest and regulated brokers:
