Global Auto Trading – Is it a Scam

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Global Auto Trading Review

With hundreds of binary options robots in operation today, it is quite difficult for you as a trader who is looking for a trading platform to make up your mind on which software is the best one suited for your strategy. It is for this reason that you are advised to do your due diligence before registering with a broker or signing up with any binary options platform. As part of this process you will learn about one of the players in the market, what it is all about and whether it is worth your time. This is the Global Auto Trading software.

What Global Auto Trading is All About

One unique thing about this program is that for a fee, you get signals that help you to trade successfully in binary options. This method of trading in binary options is quite unlike what other programs have to offer especially considering that most of the robots just do trades for their customers without so as giving a hint about the background to their signals.

Apart from the newsletters, you can also opt to use their auto trade especially if you do not have enough spare time to assess all the information on the newsletters. The software developers claim that their methods make the software welcome to all people who need a flexible binary options platform.

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

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    The Promises

    Like all binary robots, you will get a basketful of promises that you need to take advantage of by signing in to Global AutoTrading. These include:

    Global AutoTrading will do all the tough work for you:What this promise implies is that there is a lot of work done behind the scenes to produce the necessary newsletters that will enable you to make winning trades. They will study the global financial environment; keep track of all the main indices and all major indicators and events that might influence the rise or fall of currency values and especially those that affect the major pairings.

    Guaranteed winning trades: Global AutoTrading promises that the signals that are derived from their newsletters are very successful. In fact they claim that these signals are among the best that the binary options world has today. This success is reflected when you decide to use the Auto trader where the robot takes full charge and all you need to do is to watch the trades flow as you earn your profits. With the newsletters though, you will need to work on their recommendations as soon as possible because any time lapse between the newsletters release and your actual trading diminishes its effectiveness since the binary options markets are very dynamic.

    Multiple accounts:Global AutoTrading allows you to have multiple accounts. You can subscribe to different newsletters to expand your trading capacity. You can also combine the newsletter format and the auto trader to widen your earning possibilities. This comes in as a good option to those people who are restricted to one account when they would rather prefer to have multiple accounts all trading within the same platform.

    Flexibility: this software has one on most binary options trading software. This means that you can switch one account to another, merge newsletters, have multiple accounts and generally enjoy the flexibility that the software provides.

    Effective reporting and detailed portfolios: With this software, you can expect detailed portfolios for each of your trading accounts. This will help you find out how each account is performing over a given period of time. This will help you shape your trading strategy. By comparing their different newsletters and accounts, you will be able to assess what is working and what is not. You will then decide on what to tweak, what to expand and what account or newsletter you will discard altogether.

    Import your broker: This is one of the few binary robots that allow you to import your broker to their software. The advantage here is that if you have a broker with whom you have a certain degree of respect and is consistently helping you to make profitable trades, you can move with him to Global AutoTrading without ant hassles. If you are the kind that prefers to move with your broker when you are dissatisfied with your current platform, this software promises to accommodate you with a smooth transition.

    Demo account: This software has a demo account where you can try out their products with dummy money. Here you trade like you are doing actual trades in a bid to give the software a test run and to see if it can handle your trading strategies that have been successful when applied on other software. It is also great for trying out the effectiveness of their newsletters especially if you have not tried this kind of generation of signals before.

    Free software: To trade with Global AutoTrading, you will not be required to part with a cent. It is all free to download and trade. Should you give your demo account a try and feel that you do not want to continue to the next level with this software, you will just walk away owing Global AutoTrading nary a cent. Not a bad idea since many platforms ask you to pay up for the software and register with a broker before even trying out the demo account. Here, the only time you will be required to part with some money is when you are registering with a software-preferred broker.

    Short-term commitment: Should you wish to sign up for the newsletters, you have the choice of the duration for which you can pay for the newsletters. You are able to subscribe for just a month in advance and if you would rather do your trades without them, or quit the software altogether, you will not lose much money like you would have if the subscription was quarterly, biannual or annual.

    Easy and safe withdrawals:Global AutoTrading promises you that you will not have any trouble accessing your profits when you trade with them. This would be a bonus to traders if it were proved to be true. This is because there are very many binary options software that are very good at taking deposits and extremely poor at letting customers have easy access to their winnings.

    Global Auto Trading Main Page

    Is Global Auto Trading Legit or a Scam?

    For fairly new trading platforms, it is not easy to determine their credibility. This is because for some like Global AutoTrading, all the efforts to make this a legit outfit are visible. What is not seen is what is in the background, or the intentions of the developers. These days as traders have painfully discovered, it is very easy to cloak a smooth scam in the qualities of a proper and good binary options trading software. This is mostly by cloning such software and then using deceptive promotion to entice traders to make deposits. After the deposits are in, it becomes a losing game all the way as the developers enhance promotion to attract more gullible traders and beginners.

    Being fairly new software, finding traders with a long experience with it is difficult, as is finding other reviews which would give you a pointer of what to expect. One thing that is lacking is training for beginners especially when it comes to trading with the aid of newsletters. It is here that many will opt for the robot as they are not required to have any prior knowledge or experience with binary options trading.

    In the absence of detailed analysis on the credibility of this software, the only thing you can safely do for now is waiting, or join a more established and reputable binary options software like Binary Option Robot which has been around for some years and it system has been tried and tested by the best in the business.

    On whether Global AutoTrading is a scam or a legit platform, the jury is still out and you would be advised not to post any deposits until that question is answered which will take some time. Not all that glitters turns out to be gold, or so it is said.

    What you need to do

    For consistently successful trades and guaranteed profits, you need to join the Binary Option Robot trading platform. It is fully automated and you will not need to be trained in binary options trading or carry years of experience to make profits. You will have a choice of reputable brokers with whom you can register and trade with. The customer support is unequalled because its promptness and effectiveness have yet to find a match in binary robots so far.

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    How to Avoid Forex Trading Scams

    The foreign exchange (forex) market is huge, with an average daily trading volume of more than $5 trillion, including currency futures and options. It’s also not very well regulated. That means the opportunity still exists for many forex scams that promise quick fortunes through “secret trading formulas,” algorithm-based “proprietary” trading methodologies, or “forex robots” that do the trading for you.

    Before getting involved in forex trading, perform your own due diligence by visiting the Background Affiliation Status Information Center (BASIC) website created by the National Futures Association (NFA), the futures and options industry’s self-regulatory organization, to learn how to choose a reputable broker and avoid scams. Before dealing with the public, every company or person who wants to conduct off-exchange forex business is required to become a member of the NFA and to register with the Commodity Futures Trading Commission, the government agency that oversees futures and options trading. You can search BASIC to find out what regulatory actions, if any, have been taken against a particular individual or firm.

    Signal Sellers

    One of the challenges a rookie forex investor faces is determining which operators to trust in the forex market and which to avoid. Signal sellers are one group of operators to consider carefully.

    A signal seller basically offers a system that purports to identify favorable times for buying or selling a currency pair. The system may be manual, in which case the user must enter trading info, or it may be automated to put through a trade when a signal occurs.

    Some systems rely on technical analysis, others rely on breaking news, and many employ some combination of the two. But they all purport to provide information that leads to favorable trading opportunities. Signal sellers usually charge a daily, weekly, or monthly fee for their services.

    A frequent criticism of signal sellers is that if it were really possible to use their system to beat the market, why would the individual or firm that has this information make it widely available? Wouldn’t it make more sense to use this incredible signaling system to make huge profits for themselves?

    Other analysts distinguish between known scammers and more reputable sources of market information that offer a well-thought-out signaling service.

    Behind these opposing views lies a larger difference of opinion about whether anyone can predict the next move in a trading market. This fundamental disagreement won’t be settled any time soon.

    Nobel Prize-winning economist Eugene Fama proposes in his well-regarded efficient market hypothesis that finding these kinds of momentary market advantages really isn’t possible.

    His economist colleague Robert Shiller, who’s also a Nobel Prize winner, believes differently, citing evidence that investor sentiment creates booms and busts that can provide trading opportunities.

    The best way to determine if a signal seller can benefit you is to open a trading account with one of the better-known forex brokers and enter practice trades that don’t involve real money based on the signals. Be patient, and with time, you’ll determine whether predictive signaling works for you or doesn’t.

    7 Binary Options

    There are hundreds of automated binary options trading software systems available online. But are they all reliable? Does every single one of them produce positive results and earn profits for traders?

    Sadly, a lot of these systems turn out to be a farce. But that doesn’t mean that there are not reliable systems available. One just has to take a few moments to research a trading system before investing any of their hard earned money.

    Global Auto Trading is one of the new kids on the block that promises big results for its users. Is this one the real thing or is it just a scam like so many others? Read our Global Auto Trading review to find out.

    Basic information:

    Cost: Free
    Software: 100% Automated
    Max Returns: Up to 86%
    Minimum Deposit: $250
    Countries: All nations

    – Traders are able to choose their own brokers
    – Fully automated trading system

    – Company website does not provide any information about the company history, etc
    – System is confusing to those who have no experience trading
    – Customer service is extremely slow to respond and was not very helpful
    – No proven results have been noted with this trading software as of this date

    7BO Verdict:

    Not Reliable Service

    What is Global Auto Trading?

    Global Auto Trading is an automated trading robot software program that will automatically place a trade on behalf of the trader. This system claims to have extremely high results and that it can earn thousands of dollars for traders with little to no effort on their behalf.

    We had a really hard time finding out much information about Global Auto Trading online. There have been very few reviews, either positive or negative, on behalf it this system. We cannot form an opinion one way or the other until we see some proven results. According to the website, they do offer a few different account options and the cost of the services varies by level. A plus with this system is that you are allowed to sign with the broker of your choice. This bodes well for experienced traders that already have an established relationship with a broker.

    Screenshot

    How to Get Started

    All you have to do to use Global Auto Trading is create an account online. Then you can either sign up with one of their brokers or use your own broker. You then must make a deposit which you will use to begin trading. You can choose the settings on your account and then Global Auto Trading will make trades on your behalf. One you start to accumulate a profit, you may withdraw your funds as you see fit.

    Final Conclusion: Is Dow Jones Focus Group a Scam?

    Due to lack of information either in support of or against Global Auto Trading, we cannot give it our stamp of approval at this time. We could not find much information about the company, how the system operates or even a company history. We need more concrete information before we can recommend this trading system. We strongly recommend that our readers who wish to trade with a reliable system opt for another trading software application that has actually provided proven results and profits.

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