Bank Tracker Bot Review: Even though binary options trading is a very lucrative means of making money online, the actual act of the business is very tough and challenging. This is due to the many elements that are required to make one a successful and accomplished trader. This challenge has given rise to different kinds of signal systems and automated binary softwares for combining these elements in the right mix. Bank Tracker Bot is among such systems and option robot softwares which traders can choose from.
The trading software promises to make you a millionaire within a little period of time. The promotional video which parades so many items of luxury which money can buy, seems to be intended to lure you into signing up to the platform.
This review is intended to lay Bank Tracker Bot software bare for you to see. It is intended to give you all necessary information so that you become better informed. By the end of the article you should be able to decide whether you should go with and invest in the system or not.
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Bank Tracker Bot is an online binary options trading system software. The system’s professional looking but not user-friendly website is mainly dominated by a presentation video aimed at marketing the system to traders. According to the video, the system has an algorithm that is very perfect at trading stocks of low volatility. For the given low volatility reason, the system focuses more on bank stocks because they are considered to be more stable than other options (is that actually true?).
Mr. Michael George, who is the presenter that walks you through the promotional video, claims that the app was built by Steve, an old friend from his college days. He claims that Steve saw the financial condition he was in then decided to share the software with him. Apart from this, there is no other instance either in the video or on the website where he mentions his friend’s name again. This is an inconsistency that should make an experienced trader begin to look at the system more closely.
There are so many claims for the system in the promotional video. Mr. Michael just continues to show off how rich he has become by using the software. He does not take any time to explain how the system really works to traders. This seems like an intentional act to activate the greed that is inherent in every individual. The fact that he flaunts all the ‘supposed’ luxuries and a young wife he has been able to acquire might appeal to some inexperienced traders. But do not let all the ‘sweet talk’ fool you. There is more to binary options trading than signing up to a system and just sitting down to watch the money start flowing in.
To show you the truth of trading binary options being beyond just signing up to a system, the major inconsistencies that were noticed with the Bank Tracker Bot system shall be discussed.
Bank Tracker Bot Website
Although the Banker Tracker Bot website appears to have been designed and built by a professional, it is not user-friendly at all. The presentation and marketing video sits on most of the homepage with a sign up field taking up the right side of the page. There is a field for entering your name, another for entering your email address before you then click on the sign up button which has ‘START MAKING MONEY NOW!’ written on it. Does the sentence on the button mean you begin making the money immediately after clicking the button? This is one of the small issues that most scams overlook when creating their marketing materials and package.
There are many things that are glaringly inconsistent on the website. On first arriving on the website’s homepage, the first thing you notice is the denigrating ‘warning’ you see on the face of the video screen. What an irony. Do you think that any trader who reads and understands the meaning of the warning very well will sign up to the system? Some aspects of such schemes are just meant to create confusion so the trader does not evaluate the system with a clear head.
These are not the only inconsistencies in the whole Bank Tracker Bot system. There are so many that in fact, space might not permit that all be mentioned and scrutinized one after the other. However, the article shall take a critical look at all the major ones that need to be considered.
100% Free: The website indicates that the software is 100% free. Is this really so? In reality, it is not free at all as you have to pay the minimum deposit before you are even taken to the software page. This means you do not even get to see the software until after you have paid the minimum deposit.
Member Testimonials: All the members purported to have given testimonials on the website are identities that were made-up. From ‘Andrew Fischer’ right down to ‘Tamara West from Canada’, all are pictures gotten from free stock photo sites online. As proof, just perform a Google image search for the pictures and see the number of advertising agencies that come up with the same pictures.
Social Media Feeds: Both the Twitter and Facebook news feeds on the website are fabricated. If they were real, then you should be redirected to the users’ accounts when you click on their names. The names not being clickable means that all the comments cannot be verified.
Endorsements: The system’s website carries several endorsements of the software by many extremely reputable and respected brands. The endorsing brands even include those that do not operate in the financial industry. A visit to the websites of all of these big brands did not show any sign of endorsement or any information in regards to, any connection whatsoever to the software. Nothing was said about the software on any of the websites. This shows that the creators of the system have used the names and images of these brands without any form of express permission.
Performance Awards: The website also claims that the software was awarded with the ‘Best Trading Solution’ award for 2016. There is no mention of the person or agency that gave the award or any award seal on the site. Moreover, the website was already displaying the ‘purported award’ for 2016 when the year had barely gone halfway. Even laymen know that annual awards are given at the end of every year.
Support: There is nowhere on the website where any information in regards to how you can contact any support staff was given. One would have expected that contact details of the creator of the system will be posted on the site. The website should have contained at least an email form and an online chat platform. All these would have enabled all members that have any questions or concerns to have people they can contact.
These are the major inconsistencies on the system’s website. In addition to the ‘denigrating warning’ on the face of the presentation video, there are other inconsistencies as far as the video is concerned.
Story: Michael begins the video presentation by flaunting how Steve his college friend shared the software with him. After all the impressive and confusing part of how he invested and re-invested, the story’s timeline gets very confusing and that seems like the real intent behind the story. Additionally, is it really possible for him to have made all that money considering, he was just ‘randomly’ called by a friend and was coming from a background that lacks any trading knowledge or experience whatsoever.
Success Rate: The video claims a 98.7% + success rate for the software. This is very unrealistic. The binary options markets are known to be so unpredictable and volatile that it is virtually impossible to consistently forecast them beyond 80%. There are just so many factors that influence trading success that you cannot accurately forecast trends. This means that forecasting trends to be almost 100% accurate is a very tall dream even for the best known software.
Experience: The video promises that you do not need any prior knowledge or experience of binary options trading to make huge profits with the system. Granted, trading robots are meant to make trading easier and faster for traders. But many other elements like a working knowledge of trading terms and language, time and investment capital are all necessary to make any meaningful profits from the market.
Earnings Claims: The claim of the thousands of dollars which the presenter says you can make consistently on a weekly basis in the video is unverified. There is no real proof anywhere either in the video or on the system’s website for such earnings. It seems like the very popular ploy of trading robot scams for getting people to sign up to their systems.
Mr. Michael George himself who is the presenter of the presentation video is an inconsistency in the system. If he has made as much as he claims, has bought all the luxuries he claims to have bought, has married a 25 years old beauty as he claims to have done, why is it that nothing has ever been heard of him in the financial world? Such celebrity status incidences never go unnoticed in the financial world. There is no provision for contacting the presenter either through chat, email or phone anywhere on the website or in the video. In fact, even social media channels do not have any records of him. So, what do you say of a person who has made it but still wants to hide as if making it is a shameful thing or crime? It seems like his identity was just made up to promote the system. A Google search for his identity returned no matches. This makes it sound as if the man is avoiding being linked to his creation in real life. The only reason that could make it so is if he already knows that his system is a scam.
All of the earnings claims and testimonials posted on the website and contained in the promotion video are unverified. Is they were actually legitimate, then they system should have added a means of verifying them for those that might want to eliminate doubt. One of the ways for doing this is making the names of members who have posted testimonials clickable. The link is then made to redirect back to their social media account pages. This is to enable those that want to verify their claims to contact them directly.
This review is not intended to label the Bank Tracker Bot software as a scam directly. But a useful and functional trading system will never create an unverified list of members or, fabricate fake user testimonials just because it wants to appear credible. Take the Option Robot binary options trading software for an example. It just lets the results speak for themselves.
Option Robot is a binary options auto trading software. It is popular because it offers excellent service to traders. Unlike the scam systems, you can choose the broker that best suits you and your goals. You can even bring your own broker to the platform if you already had one before signing onto the platform.
You are given a basic explanation of how the robot works from the beginning to the end. You get a real explanation of how the robot’s algorithm works.
Option Robot’s customer support can never be compared to any other in the whole binary options trading sector. Support representatives are always on the alert at any time of the day to answer any questions or concerns you have.
In a nutshell, the Option Robot binary options trading software is a complete package. It is a system that will always ensure that you keep advancing as a trader both in trading experience and profits.
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Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.
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