Another pathetic scam exposed: High Frequency Trader

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We are extremely annoyed every time we find a new scammer trying to steal people’s hard earned money, promising to make big profits from binary options.


This time, it is a website and app called “High Frequency Trader”, which we have found and exposing in this post as a total scam.

We are extremely annoyed every time we find a new scammer trying to steal people’s hard earned money, promising to make big profits from binary options.


This time, it is a website and app called “High Frequency Trader”, which we have found and exposing in this post as a total scam.

 

Before I show you the shocking and outrageous findings, I should strongly warn against registering to the High Frequency Trader. This is a quick and sure way to lose money. If you’re interested in good and steady profits from binary options trading, be sure to check out the Money Mentors Club system.

 

The website’s header boldly claims: make $9,838 every single day with no experience required”.
 

Taken from the High frequency trader binary options scam video

 

Just do the quick math of $9,838 per day for the usual 22 trading days per month, and you get a profit of $216,436 PER MONTH. C’mon, does any of these scammer ever stops for a second to think about what they are actually promising? This kind of get-rich-quick promise is absurd and we honestly wonder who would believe such a silly claim.


Moving on to the promotional video, which is the main element of the website, we listened carefully to what the developers of High Frequency Trader had to say.


The first few minutes of the video are actually taken from the CBS tv show “60 Minutes”, and is actually a very interesting news story about the secretive Wall Street industry of algorithmic trading.


Because this interesting video is the only good thing we will ever get from reviewing this scam, here’s the original video taken from CBS’s you tube channel. Of course, CBS did not endorse or even mention this binary scam in their story here:


 

After the interesting part comes the marketing presentation by an actor. We know it is an actor and not who he claims to be (“Steve, high frequency trader”) since we have managed to locate his actor profile in the freelance gigging website Fiverr.


This “Steve” claims that their software is a high frequency algorithm. This is a blatant lie, which is meant to trick those who are not experts in the world of financial trading. As you can see in the above video, high frequency trading is done by well-funded banks and hedge funds, and is not something that can be made available to home-based traders like us.

 

To operate high frequency trading software requires millions of dollars investment in computer infrastructure and research by the most brilliant big-data scientists. In short, high frequency trading is completely out of the league for home-based binary options traders.

 

Moreover, high frequency trading is being done only at stock or commodities exchanges, while binary options brokers are over-the-counter market makers. High frequency trading simply does not apply to binary brokers, and anyone who claims otherwise is trying to con you out of your money.

 

Then come several testimonials, again by actors that we have located on Fiverr. They show a smartphone app which they refresh to find huge profits mounting in their account every second. This is so silly we were rolling on the floor.

 

This could have been a great “show me the money” presentation by the High Frequency Trader marketing team, but unfortunately we don’t really see much on their smartphone screens except some blurry icons. Is that the best these snake oil marketers could do? That’s pathetic.

 

fake app of the binary scam HF trader

 

At this point I just closed the website window in disgust and went on to write this review, to make sure no one of our followers would get scammed by this pathetic con website. If you’re looking for a better alternative, be sure to check our section on legitimate binary options signals

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