Honestly, I am getting a bit tired of the scam automated systems like Terabit Trader. At this point, they are putting so little creativity in their websites that it feels like I am repeating myself over and over again with each new scam. The website is made in the same offhand way that all the rest. A template, a few images thrown in there, a very badly made promo video, crap demo, and plenty of lies.
The website is a simple one page site. The software is not even lined to it yet, so there is no way for there to be any real reviews out there. I know I am going only on speculation here, but with my experience in calling out scam binary options auto traders, I think this one is a pretty obvious one. They provide zero real information, there is zero transparency, no proof, and absolutely no truth anywhere in the website or promo video.
What is the Terabit Trader Scam?
Simple. This is a binary options automated robot scam that claims you will make upwards of $800 per hour and will be $20K richer in 24 hours. I mean, seriously! How exactly is that possible.
Their focus is on the speed of the data transmission which, ok, great, but how does that have anything to do with real, quality, signals? They are just talking all kinds of gibberish in hopes of completely confusing you and impressing you with various unrelated to trading words. Do not fall for it. Watch the FIRST VIDEO.
The guy REALLY likes repeating himself over and over again throughout the video. Honestly, if he really did make that many people millionaires over the last 3 months don’t you think you would have heard about this software long ago?
Everyone would enjoy that kind of money per hour, only you will not get it using this scam software. Perhaps lose your investment with the broker in one hour, but certainly not make any money.
Seriously! Do the math! What kind of investment would be necessary to actually achieve this? How many trades do you have to win? What would your trade investment be? These types of winnings are impossible if you invest the minimum and keep your trades low and safe. They want you to invest big, and invest it all on the first trade and hope for the best. THIS is how you lose your money.
There is always a risk. If someone tells you that there is no risk, they are lying. There is ALWAYS a risk with binary options.
Take a look online. Try and find this guy somewhere, anywhere! First off, how could he possibly be the CEO of a company that simply does not exist? It is not registered anywhere, it has absolutely no information anywhere except for this scam website. The domain registration is protected so you cannot get an actual name, address, or contact information. A search for Richard Heffner reveals that no one that matches that name exists, at least not anyone that looks like this guy.
Notice how nowhere in the website, screenshots, or even demo do you see a time or a date? There is no information on the bid per trade, no dates and times, no close rate? They don’t want you to research to confirm how real these winnings really are.
The demo is a complete fail. You are provided with zero real information.
Just a start balance. That’s it.
Yes, its legal, unfortunately, but what they are doing is far from ethical. By reading their terms and conditions (wait, there ARE NO TERMS!) you will see that anything and everything you read or see in the website is meant for entertainment. At least that’s what most of these scams have. In the case of these guys, they don’t even have a contact page with an email or terms & conditions. Perhaps we caught this scam before the website is complete?
Long term? Within a week you will lose your money and they will not want to have anything to do with you unless you invest more, and trust me, they are convincing!
Back to the demo. The only “proof” given that this software even exists is a change in the balance. Ready to vouch your $250 on that?
So, this is supposed to be his playboy brother?
Interesting, he must be a model as well I guess. Buy his stock photo HERE.
So, handsome and smart? Right. Its complete bull.
Ohhh, that sounds smart. Only, how exactly does that provide you with the quality signals necessary to have successful trades? With such big words, they should at least be able to provide some actual proof!
The Terabit Trader is NOT an effective trading software.
The mere fact that they claim that there is no risk is risky in itself! Never trust anyone that tries to convince you that their system has zero risk. This simply means that they are trying to scam you.
He keeps going though.
My question is where does he get the 10% on top? Who exactly gives it to him if you get 100% of your profits? I mean, how is that even possible? Anyone that knows about binary options knows that this doesn’t make any sense at ALL!
This software will NEVER sell, it will NEVER be up for sale, and NO ONE will EVER pay that kind of money for this crap. Notice how the address bar is blank? That’s because such a website will never exist!
The Fast Cash Club scam made identical claims using the exact same website screenshot.
So did the Automated Cash Cloud scam. Many more have done so in the past as well.
It’s great that he says his name rather than the brokerage company he works for. You know why? Because they work with any broker that is willing to give them a bonus as an affiliate! They don’t work with one, they work with numerous brokers.
Nowhere on CNN!
Stolen images from news articles such as THIS.
And stock photos and stills from videos.
Such as THIS.
Watch the SecondVideo but you won’t find anything useful here either.
Throughout the website you will not find anything honest. The whole thing is completely set up in order to convince you to provide your personal information and hopefully invest at least the minimum so as to lose it in a few days. Chances are your money doesn’t even reach the markets, it is just swollen quickly by these scam artists and their scam brokers. Even if you do not believe me, just wait it out for just a little bit, do the research, and see for yourself that the Terabit Trader really is a scam.