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We would like to think that the scammers put it there as some sort of clever filter; making the scam as obvious as possible to make sure only the most gullible people slip through. In our case, the broker we were redirected to when we signed up with Mirror Trader was OptionBit. Not a trustworthy broker. Mirror Trader is yet another binary options robot scam in a sea of other similar scams.
Despite how easy these scams are to spot, they show no sign of slowing down. In this case, Mirror Trader has also partnered with an untrustworthy and unregulated broker. Definitely give this one a miss. As for me, I like Fumgo more.
This is because they are considered the 2 largest economies in the world. This pair fluctuates as major events occur. We have watched it rise or fall quickly when any major actions arise in Europe or the United States. The U. Dollar and the Japanese Yen is another popular currency pair for traders. Many find it a safe-haven because conditions that arise in the news headlines give a great indication as to what this pair will do.
When the Japanese make major decisions economically, it normally reflects quickly in this Forex pair. Traders have invested in the movement of the Great Britain Pound and the U. Dollar for a very long time. Traders fell in love trading the Australian Dollar against the U. There was a boom in Australia in commodities that brought the AUD to some extreme highs and made traders in this currency pair a lot of money.
It seems that traders are now watching for an opposite effect as situations in the Chinese economy could have a drastic affect on the AUD. Some traders love to invest in short term trades in the Swiss Franc and U. Switzerland is the major European banking country, and the Swiss have the last Franc used in Europe. Many traders have discovered that European economic news can be a perfect indication as to what the pair will do in a very short period.
Many traders love the ability to trade in this neighborly Forex pair. Dollar and Canadian Dollar fluctuate regularly when oil and other commodities fluctuate. For those traders who keep close eyes on the Canadian stocks versus U. In a close similarity to the U. The major changes come in this pair when monetary policies are made between the Bank of England and the Central European Bank.
Founded in , this broker uses the popular Spot Option trading platform. Using the popular Spot Options trading platform, Stern Options prides itself on excellent customer service and a friendly approach with investors. Not yet licensed, when we look at the method of operation, we believe Stern Options will have no difficulty attaining licensing and regulation. Traders can choose between short term, long term, pairs, one touch and more.
We look for Stern Options to become a major player as a binary options broker. BDSwiss is a highly recognized binary options brokers who is headquartered in Cyprus. Investors have a wide range of assets to choose from and can trade speed options, one touch, ladder, pairs or long term options. BD Swiss does also offer some fantastic bonuses with some of the easiest terms. A brand new binary options broker who opened in , DineroLibre operates using their own proprietary platform, and they are geared toward traders in Latin American countries.
With more and more Spanish speaking investors realizing the profits that can be gained in binary options, Dinero Libre seems to be making strong waves in South America and the Caribbean. What is automated binary options trading? Automated binary options trading is the process of using a sophisticated software that will make intelligent trades for you.
This is done with the use of various signals and the system will trade at the levels, and the types of assets you tell it to. While you are performing other tasks and duties, the automated binary options trading system is making trades for you. What are binary options trading signals? Binary options trading signals are a service provided by some brokers and also independent vendors that use various market indicators to determine when various assets are overbought or oversold and are reflecting an abrupt change in their market actions.
Many traders use their favorite signal services to have an edge on the binary options trading market. Choosing automated binary options trading software. Not all automated binary options trading software is created equal. You, the trader should have some control over the automated settings before you allow it to trade with your money.
You should be able to set the trade amount, the assets you are willing to allow the system to trade, and the indicators that the automated binary options trading software will use to generate signals. Our automated software allows you to do all of these, and also set one of the 3 money management methods.
They are:. Why be an automated binary options trader? If you were to research the most successful people in the world, you would find that a large percentage had that success come through wise investing. When investing in binary options, the movements are fast. With trades starting and ending in minutes, the idea of a trader just setting in front of their computer for hours on end is not practical.
After all, successful people are busy people, with various tasks calling for their attention. By doing so, you can set the method the automated system will use to make binary options trades. When your daily work is complete, you can simply sign in to your binary option broker account and view the trades the automated trader made and their results.
You may want to change the methods the automated binary options trader is using such as the trade amount or the assets, and you can do this by signing in to the automated trader, clicking the settings, and making the changes for the automated system. Using an automated binary options trader is the wise way to make profits without using your precious time.
What are binary options? The most simplistic way to describe binary options is to state that it is the McDonalds of market trading. It is the fast method.
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This situation obviously benefits no one except for the scammers themselves. Essential Tools Traders Need to Have! The use of paid actor to portray John Harrison, fake testimonials, and altered trade history clearly shows that this offer is dishonest!
Please share this page on your social media and Subscribe to our newsletters for updates! They are performing well. Thanks Sentinel! I almost deposited into Mirror Trader until I came across this article. Really informative review. I also am writing this to thank you for the quick response on your email and commend your initiative to answer my questions. Cheers mate! This site uses Akismet to reduce spam. Learn how your comment data is processed. Binary Options Scams. Mirror Trader Scam Review!
Invest or NOT? Should You Invest In This? Phony Testimonials Another prevailing patterns we notice from hoax auto trader is that it uses fake testimonials to appear legit. Make-Believe Trade History! Related Posts Is there ever an auto trader that works? Binary Options Sentinel June 29, Raju June 30, Binary Options Sentinel June 30, Roy T July 5, Leave a Reply Cancel reply.
Once you enter your details, you are then taken to the deposit page to fund your account. The sign up procedure for Mirror Trader is a well known method used by many other similar binary options signal scams.
In reality while the amount of money that can be made is very questionable, the fact remains that the service is merely an affiliate scam, where the owners of Mirror Trader get compensated when a gullible customer signs up and makes a deposit. There is a section for scrolling news feed and a social trading feed, which again shows traders making money but nothing to validate those claims. Putting the pieces together, the mirror trader binary options service is in fact a white label of the Neutrino App.
The subsequent videos that pop up on the screen are in fact a mix of various other similar scams, including Binary GPS Software trader which is also well documented as making false claims. Overall, Mirror Trader is more or less run by the same people behind Neutrino Profit binary options app and the GPS trader software scam. Taking a closer look into the code behind Mirror Trader, it is evident that the developers have tried their best to make it as difficult as possible to dig out the truth.
In reality Mirror Trader binary options software is just one of the many other binary options software scams that have risen in recent times. We hope our review reaches as many people as possible. Help us spread the word to warn the trading community. If you like to learn how to anticipate market movements and stop using lagging indicators , then you will absolutely LOVE our Sniper Trading System.
All you need is to have your live account verified! Of course, you need to open a live account Both Forex Brokers have excellent rating! Broker 1. Broker 2. Save my name, email, and website in this browser for the next time I comment. Download Now!