This review is about a new binary options scam called “BinaryAlphaTrader”.
BinaryAlphaTrader has a video presentation done with an anonymous guy that tries to convince you to use his trading program.
Binary Alpha Trader is an automated binary options trading app that can trade your account. According to the presentation, it can make you insane amounts of money.
The same app is allegedly used by banks and hedge funds. And now you can get it too, because there is a 60 day free trial.
BinaryAlphaTrader is a scam
It did not take long for us to recognize some famous scammers’ faces in the BinaryAlphaTrader presentation, so it was easy to see that it is a binary options scam.
One example. See the video testimonial of the guy on the right. Not so long ago he played the role of a Gold Mine Director called Johannes Van Rensburg in the Gold Trade Microsystem scam.
Now he plays the role of Graham Franklin who is supposedly trading with Binary Alpha Trader. What is funny is that the video has been uploaded to the Binary X Trader account, which is another scam. So double confirmation.
How it works
This is the usual scam scheme. People behind BinaryAlphaTrader will get paid for every new depositor they can refer to their broker, so they need you to do that. If you sign up, you will soon discover that the first thing you have to do is to deposit money.
If you then trade with BinaryAlphaTrader, you will lose your deposit. Simple as that.
Conclusion
Stay away from every binary options trading system and strategy that you cannot try on a free demo first. So stay away from BinaryAlphaTrader, if you don’t want to lose money.
If you are interested in seeing how you can make money with binary options, try a demo account.