Trade Sniper Review- Another Binary Trading Scam?

Posted by Vince in Not Recommended | 0 comments

Trade Sniper is yet another program launched in the binary options industry. Just like in the past, nothing ever good comes out from this market mostly because they never deliver on their promises and no one really reaps in profits except the creators and brokers.

Trade Sniper’s website has a simple interface – so simple that the arrows pointing towards the download button look like they were drawn by a six-year old. Okay, so maybe that was a little harsh. But, if Justin (the creator) has truly earned millions and his programmers spent more than 40,000 hours creating yet another unique algorithm, you’d think he would have spared a few dollars investing in a decent and professional-looking website.

Anyhow, like its predecessors, Trade Sniper’s sales pitch contains little time, huge amount and the number of people who’ve successfully used the software. Of course, there’s absolutely no way of knowing if the information is true. On the upper corner, there’s a live trading result which cannot be verified.

If other binary options scheme create sales video with touching back stories, fake testimonials and how the creators managed to cross the bridge from rags to riches; Justin goes straight to the point. There’s no beating around the bush for this one as he shows how his app managed to make him absolutely rich (with no proof except his words). He then also gave a live demonstration of him using the software and winning.

Truth is, with binary trading, there’s always a 50-50 chance of winning since there are only two options: CALL and PUT. And detecting mistakes and anomalies in the system is just unbelievable since no amount of technology can analyze the way a market will go in just a few seconds. If there is, we’re still about to see that software but obviously, it’s not Justin’s.

Now let’s take a look at their claims:

1. He gets 5% weekly from the earnings of his customers. That’s it. Therefore, if they don’t earn, neither does he.

REALITY: Justin gets at least $500 as an affiliate commission. If he gets the additional 5%, then that’s just an added bonus provided anyone actually wins.

2. There are only 150 people who can download his app for free.

REALITY: Another scarcity tactic that rarely works nowadays. First off, 5% is just a small amount for someone who’s used to earning millions and who has allegedly worked so hard to create his app. Second, limiting the slots makes no sense for the legit business owner. More people mean more profits, right?

3. The app is free.

REALITY: Yeah, right. It’s another app that’s no different from other binary options software that’s neither accurate nor helpful in generating the right results. And when you deposit $250 to start trading, there’s simply no way for you to get a refund.

4. They have a high strike rate as seen on the sales video.

REALITY: Justin could’ve easily spliced the video to show THAT time when his app successfully showed the correct prediction. That’s not enough evidence to prove that the app really works.

5. Users can make up to $350K in just a month and you can see results in just a minute.

REALITY: This is quite tricky. For one, maximum earnings don’t necessarily mean you can be one of them. More often than not, no one does. Another point, yes you can see results but you’re not guaranteed it’s a win.

6. Trade Sniper has a “patent-pending algorithm.”

REALITY: Sure, it can’t get patented because every binary options program uses it. And this algorithm isn’t even new. No matter if they call it “glitch,” “anomaly,” or “mistake,” it’s all the same. They use the same system, the same scheme and the same useless software.

CONCLUSION:

It’s a scam. For other binary options program, you have to applaud their creativity and convincing sales page. For this one, you get neither. Justin doesn’t even have a last name and a face. It’s like he created the entire page overnight, and threw in the video. From top to bottom, everything has red flags plastered all over the site.