As always, we follow our rigorous review process to evaluate and assess the auto-traders, and today we have put Tratika under the scanner. The following text describes the various pros and cons of the Tratika Auto Trader.
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The first thing we look at is to know about the promoter or developer of trading software. However, our investigation on the Tratika Auto Trader’s promoters has not yielded anything. We went through their terms and conditions and other available options on the internet to find out about the promotors but all efforts have gone in vain. This is the biggest red flag for us.
The unavailability of the promoter info on the website scares us and it should scare you too. The website makes tall claims about high and speedy profit but its promoters are not coming around to take the applaud!
The website of the Tratika Auto Trader is a simple website which boasts about their system and claims that the various tools offered by the Tratika will dramatically improve the trading experience and reduce the risk. It claims that it is unique compared to their competitors and provides offerings to suit all the trader types. If you are interested in the social trading, they have it. If you are looking for an automatic trading robot, they have it and if you want just a signaling service, they will readily assist you.
The Tratika offers three trading styles:
Social Trading: It claims that it is a first of its kind of trading style wherein the system allows you to receive trading advice based on the vote of the registered users. Not only that, the Tratika allows only successful and professional traders to vote on their social trading platform. That way you will be given the apt trading advice, all the time.
Semi-Automatic: The website of the Tratika Auto-Trader says that when you select the semi-automatic option, you will get exclusive signals for an upcoming trend with low risk and high return possibility.
Automatic: The Tratika claims that in this option the software allows you to set your daily risk limit and max return, allowing you the complete control of the trading. The automatic option lets you enjoy the benefits of the binary trading even when you are not on your desktop.
The binary auto-trading software indicates that you will get great success using their software. The Tratika software also allows you to trade in three different types of options to best suit your requirements. These are:
Rush Option: These are short-term options and lasts only for 120 seconds. The rush options are developed specifically for the traders who prefers fast-paced action on their trading terminal. The maximum expiry duration in such options is capped at 120-seconds or 2-minutes giving ample opportunity for the traders for their adrenaline rush.
Basers: These option types have expiry up to 4 hours, and is suitable for the traders who wants to take a trade for a day only. The Basers work well with the manual and auto trading option. The company calls it “basers” because they are derived from the golden mean of the market which establishes the trend for the day. The Tratika term them as the medium risk/reward options and are best suitable for the day trader.
Investo: It is best suited for the conservative trader, as their expiry ranges up to 3 days. These are long-term options which allow you to trade 1-2 times in a week still, gives you the benefits of your investment.
About The Website
The website not only provides some luring investment options types but also provides education material to enhance your knowledge base. The website claims that their resource center is apt for beginners and professionals to get the edge in the market. The website also claims that it provides automatic stop loss facility through the risk management tools, along with placing an order well in advance and the software will execute at your preferred strike price. Not only that, the website claims that it has a dedicated support center to aid you in every walk of trading on the platform. However, the only option to get the help of the customer support is only through e-mail so I am still confused how in the world they are going to provide instant support.
The website also indicates that unlike other auto-trading software which charges up to $ 2,400 annually, the Tratika is available absolutely free for the first 500 testers and they will be shutting the doors once the number has been reached. This is a classic marketing technique deployed by several of such software service providers, who are eyeing the customer’s fund and nothing else.
The website also claims that it is dedicated to providing licensed and regulated brokers for their customers, but when we tried to test that we were hooked to one of the unlicensed broker. So where did the home page promise go? Also, the risk disclaimer of the website states that “due to the high-risk nature of trading, ‘Tratika’ explicitly does not make any express or implied warranties or guarantees that users will make any profit or that users will not lose any or all deposited investment funds’. This says it all, as the claims made on the first page has been denied in their risk disclaimer and customers who do not have reading every aspect before entering an agreement will have a high chance of regretting afterward.
Our investigation on the Tratika Auto Trader has revealed several aspects of the website and has created several doubts. The questions which remained unanswered during our investigation have been enlisted hereunder:
Who is The Promoter?
After researching the entire website, we were unable to find the ‘Name’ of the promoter or the developer of the software except for tratika.com. This is new as in most of our investigation we have found that people use some fake name to hide, but here the case is absolutely different as there is no name behind the software.
This is a new technique used by the Tratika, instead of hiding behind some fake name they are hiding in the bright light.
Is Tratika a Duplicate?
While researching on the Tratika Auto-trader we have come across another website named “Trader Buddy” which has almost 100 percent resemblance, even the words and techniques illustrated in both of them are the same. We still wonder that which one is the original one. This is really scary, as notorious individuals have been creating a website after website to attract the naïve traders and trap them in their scheme of things.
Is Time Running Out?
The website’s home page prominently displays that unlike other websites which are charging $ 2,400 annually, the Tratika is available at no cost. The website says that “hurry, you must act fast” and adds that it is considering of taking only 500 beta-testers for their initial launch. Our simple submission is that if they are still in the initial phase of launching the software and seeking beta-testers then how in the world they have come to a conclusion that their software is profitable for the traders.
This is another aspect where the Tratika talks a lot but provides none. The website on their homepage says that they have affiliation only with the licensed and regulated brokers but sadly, it does not provide a single name of their affiliated broker. It clearly means that they are using the words to attract traders without providing proof of any affiliated binary broker.
Which Trading Strategy Tratika Is Using?
The website of the Tratika talks nothing about the principles behind the software. It remains absolutely silent on the theories used by the software. The explanation on the website is very vague and superficial which adds to our doubts. It seems that it is aimed towards naïve traders who doesn’t understand anything about the binary trading and it aims to attract them with articulated words.
The Tratika Auto-Trader website uses a superficial and articulated language to communicate on the homepage but remains silent on several critical aspects of the auto-trading. The website does not provide any information about the developer or the promoter behind the software, principles utilized in making the algorithm, what is the success rate of the software, or who are the affiliates of the auto-trading software. The website cleverly mentions exactly opposite of the home page on their risk disclaimer inducing and adding to our long list of doubts. The complete lack of transparency by the Tratika Auto-Trader has raised several questions which still remains unanswered.
Hence, our recommendation to all our readers is to completely avoid the Tratika Auto-Trader. We further recommend that you should consider the Option Robot for your signal service or auto-trading requirements as it has been in the service for quite some time and we have never seen a negative feedback about the same. The Option Robot’s transparency is the major positives along with its affiliation with known binary brokers like Banc De Binary amongst several others.
Overall, we recommend nudging the Tratika Auto-Trader completely. We also recommend our readers that you should start your auto-trading journey with a well-known and well-established Option Robot.
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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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