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:
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
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.
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.