Verified Trader SCAM! Avoid VerifiedTrader.net it’s a Money Trap!!!

By | February 17, 2015

Tuesday, February 17th, 2015 by Michael Freeman

I would like to welcome Verified Trader (VerifiedTrader.NET) to my Binary Options BlackList and warn new traders who might encounter this fraudulent offer. The software was launched yesterday, on 02/16/2015 and it’s already getting terrible ratings, many of my YouTube and blog subscribers are receiving email advertisements and asking about Verified Trader, is it legit or is in a scam? It’s definitely a scam and here is why!

1) The website VeriTrades.net was just recently established in the last week based on Alexa.com indicating that it was created for the sole purpose of “verifying” this offer. Both websites point to the same IP and hosting, the two websites were created by the same person.

2) I am a frequent buyer on Fiverr, I purchased banners and all kinds of gigs for my website and guess what? All the “traders” from the introduction video on Verified Trader are Fiverr actors, I recognize every single one of them.

3) All the awards and endorsments for the websites were given by inexistent entities like the ones in the image:

verifiedtrader scam

4) If VerifiedTrader.net was launched yesterday, how do they already have a bunch of Beta Testers who are making $600-$4,000 a day? Strange and fictional if you ask me.

I personally think that a few warnings by traders who lost money with this new offer are enough to determine it’s credibility and blacklist ‘VerifiedTrader’ in order to warn others! On first look, it does seem like a convincing offer but don’t be fooled. This is another well designed scam, synced with unregulated binary options brokers.

Anyone who claims a %95 ITM performance with Auto Trading or any type of trading is most likely feeding you with lies. It only takes a solid %70 ITM+ to profit from binary options so don’t let these imaginary claims fool you.

Here is a snapshot of the alleged performance results by VerifiedTrader.com

fakeperformance

Don’t waste your time and money with the Verified Trader scam. It’s a well-designed and highly misleading money-making scheme. Instead you should trade on a free demo account if you are a complete beginner or join a serious signals service or mentoring by actual traders vs ‘fraud online marketers’.

Recently I established a new Facebook Signals group allowing traders to interact and share ideas and with the help of two wonderful Admins (Lee and Aditya) we are generating a very high ITM, not a %95.. but we are definitely ‘In The Money’ most of the time with a very solid %74+ ITM performance. If you are interested to join us, simply submit the form on Mike’s Facebook Signals group and I’ll send you an invitation.

Mike’s Facebook Signals Group introduced on YouTube

If you are interested in other alternatives to VerifiedTrader.com, visit my list of recommended signals services for FX and binary options – Mike’s Recommended Signals and also check out my Binary Options SCAMS Blacklist for all the latest warnings on scam brokers and signals services.

Please share your feedback if you tried Verified Trader or if you have any questions relating to binary options.

22 thoughts on “Verified Trader SCAM! Avoid VerifiedTrader.net it’s a Money Trap!!!

  1. Ron Roberts

    Hi Mike, I have just sent “veritrades a email with this message to see what happens”Hi im interested, if I put in £2000 what do you think I would get back per week, this money is ALL I have for my retirement and would like to make it more so that I can live a little better,. Regards Ron”

    Reply
  2. greg thompon

    IF IT SEEMS TOO GOOD TO BE TRUE, IT IS TOOO GOOD TO B TROOOO!!!!

    Reply
  3. karthik

    thank u all..for valuable information…it’s really a big warning for me

    Reply
  4. Julia Meyers

    I am so upset I signed up with Verified Trader, I wished I saw your warning before Michael Freeman! Now I lost a $500 deposit in 2 days…great?!?! what now? Is there anything reliable, maybe a strategy I can follow Mike? They killed my account balance, crooks! Scam!

    Reply
  5. Noorizan Ali

    Verified Traders have been bombarding me with mail after mail almost daily since I opted-in.
    I believe they have very good copy writers coming out with marketing materials with their emotional selling.
    Seem to good to be true, too many red flags. Did not go for it,thank god.
    Stay away from them.

    Reply
  6. Alan

    I’m pleased to know that I’m not the only one to get caught !!!! Depositted $250,had ONE trade, Profit $18. For the past 4 days—nothing.
    They won’t answer emails, and I cannot
    get any money back.
    BEWARE !!!!!

    Reply
  7. Adrian

    I can’t believe they call themselves “verified trader” – this couldn’t be further from the truth. Maybe they call themselves this just to mess with your mind and make you think you aren’t risking anything by joining them.

    It’s actually pretty obvious that they are a scam if you analyze their website a bit but not everyone sees through them so it’s great that you are spreading the word about this scam. You will probably keep a lot of people from making a terrible mistake and entrusting their money with VT.

    Also, I would like to thank you for all the helps you personally gave me on the FB group! Hope to be able to repay you some day when I’m rich and famous ;)!

    Reply
  8. Ginger

    Thanks for the warning. I’ve read the reviews on this and they are good in any sense. I would stay away.

    Reply
  9. Ronie Singal

    This is such BS I wouldn’t believe this Verified Trader for a second. I am really happy with Aditya, Rohan and your team on Facebook. Your signals group is amazing and I am also getting a very high ITM with your auto trader. I rather stay with real traders and not online marketers! They know how to create fancy websites but they are nothing in comparison to real guys like you and Aditya. Congratz and all the great work and keep exposing the scammers!! People don’t sign up with this JUNK!!!!!

    Reply
  10. Dale E

    Ouch,I learned too late what a scam these folks are. My money’s gone and do I feel foolish. I experienced the same thing as did Arnold Brownridge, puts and calls simultaneously on same asset, expiry date six weeks out, no response to emails, etc. Trust me, they are bad. And I feel, for any legitimate broker to take them on paints them with the same brush. OptionsFX, hum…

    Reply
  11. Jim

    I am not surprised to see these comments. I have personally tried The Verified Trader Software and had some aweful results. I will take your advice and learn some trading strategies. I actually really liked your MACD + Bollinger Bands startegy Mike. I will test it on a demo account.

    Reply
  12. Craig Bickford

    Pretty scary how many people can be duped by scamsters like Verified Trader when they have the ability to put together slick websites with good looking graphics, videos, “testimonials” etc… Guys, you HAVE to check out every site throughly, including registrar credentials when you’re considering risking your money. Check with Binary Options first.

    Reply
  13. Benjamin Samaila

    This is alarming! i was ready to deposit a money into verifiedtrader.net account thank God for your informations if not i will have been a victim right now. THANKS…

    Reply
  14. sophia Smith

    This is the worst scam in the world. I signed up with Verified Trader and lost my entire deposit within hours. Are you KIDDING ME? What kind of joke is this!!! I want my money back right F’ing now!! I will file a complaint to IC3.GOV if they don’t refund my money. AVOID!!!!!!! Verified Trader is the biggest scam in the world!

    Reply
  15. Andrea Robinson

    This is scary! These people are so good at creating fake websites, fake results, and fake pictures — even fake security insignia! Thank you so much for checking out the behind-the-scenes activity of VerifiedTrader.net.

    I NEVER would have thought of comparing the IP addresses of VerifiedTrader.net and VeriTrades.net and wouldn’t know how to do it, even if I did. That info alone is enough to convince me!

    THANK YOU, THANK YOU, THANK YOU. I can never say it enough!

    🙂

    Reply
  16. Jim

    Hi — Read your Review that was very impressive. It definitely warned me from a scam before I proceeded. I have written on similar subjects and I invite you to visit to get my opinions
    Thanks—- Jim

    Reply
  17. thegame007

    Thanks Mike for your quick response… I came very very close to signing up. Wow, I cannot believe that these scam artists go to great lengths to scam people!! And the funny thing is they all say the exact same thing word for word just a little different presentation. Did you happen to checkout this professional Binary Robot by Binary professor George S.? He is supposed to have 35yrs. experience & he is on FB there are no comments. I am sure he is a scam to.. Thanks Mike for looking out for us!!!!

    Reply
  18. BUTCH DERKSEN

    THANKS MIKE FOR THIS FAST RESPONSE TO ‘VERIFIED TRADER’. . . I, TOO WAS ALREADY TO SIGNUP BUT THEN DECIDED TO CHECK OUT WITH ‘MIKE’ TO SEE IF THEY ARE A SCAM OR LEGIT.
    AND HERE YOU ARE ALREADY ON TOP OF IT AND GIVING US ALL A ‘HEADS UP’ ON ANOTHER BINARY OPTION SCAM!!
    THANKS AGAIN FOR BEING OUR ‘WATCHDOG’

    Reply
  19. Mike

    Thanks a lot. I was also invited, so I started to check out reviews. Yours is the first I found that doesn’t look like it was created just for the them. They must be making a fortune on their review sites with advertising.

    Reply
  20. Arnold Brownridge

    I opened my account today and set my trade risk at 1 and my investment at $25.
    Within 1 hour showed as having 9 positions.
    4 were for the same option 2 were calls 2 were puts. All were closing at the same time. There is no way all positions could be winners.
    Now I cannot log into my account and it looks like all my money is gone and the trades have not closed yet.
    Before when I still had access to my account I sent several support tickets asking what was going on and have as yet to receive an answer.
    I am going to talk with TitanTrade the broker and get the lowdown on this guy.
    I feel stupid that I was taken in by this guy.

    Reply
  21. Clint

    verified trader asked me to join and they lead me through to this website which is linked to there software…my funded account shows the amount that was deposited being R390 USD, saying what you have makes me quite shaking about trading at all on this site, how do i pull my cash out so as to not take a large knock

    Reply
  22. Preston Vanderbelt

    Great read here Mike!

    Thank you for posting this, I will make sure to make this known to others!

    Preston Vanderbelt

    Reply

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