Social trader is a new binary options system that’s been developed to help traders cock the markets by harnessing the power of social media. The developer of the software is Jonathan Cooper and he tells us that he made over $24,000 in his first week.
Today I’ll be reviewing this software and letting you know if it’s a viable investment opportunity or just another get rich quick scheme.
Social Trader Review
The social trader is being sold using the concept of teamwork. Jonathan tells us the power of this system comes from the teamwork of millions of people in social media. It says on the webpage that this system harnesses the power of social media to connect you to the world’s best traders. Then, trades are copied to your account automatically 100% on autopilot. They keep pushing the number 8.5 million in telling us that there are this many traders available for you to interact with. I really don’t see how this is possible. I don’t even believe that there’s actually 8 million people trading binary options at this point.
Like most binary options systems the social trader has a Twitter and Facebook feed testimonial section. Here we can see traders like Ben tell us that he’s been using the system to copy winning binary trades and has made $1000 already today. The problem is tweets and Facebook posts can be found easily, especially tweets because all you have to do is go onto Twitter and search the hashtag in the post to find it. Yet, despite how easy it is to find tweets none of these tweets are actually on Twitter which makes me have to assume that they are fabricated. There is also a section on their website where they claim many large companies use their software. I really just don’t believe that this is true. I don’t think any large companies are trading binary options at this point in time.
I will not be recommending the social trader to the binary today community at this point in time. There are obvious red flags and this really looks like another system that forces you to deposit funds in order to gain access. The website also provides many fake testimonials as the images on the webpage are from stock photos that can be purchased online. There is just not enough here for me to recommend the software and feel confident in it. If you have something you would like to add to the review please do so now. Thanks for coming to binary today and please come back soon.