Google Trader software is a scam. Now thankfully closed, the scam follows a tried and tested trick, promising huge returns and zero risk. In this review, we will show the tactics used by Google Trader, so that anyone tempted by a similar service, can indeed see the warning signs and trade with a legitimate broker or signal provider.
Google Merchant Scam
Our scam page lists many of the tactics binary scam operators use. Google merchants combine these amounts to cheat customers. The software used is quite the usual gimmick, which associates itself with a respected firm. In this case, the search engine giant, Google. Many books on the social sciences highlight the belief that people will place things that seem familiar. By associating itself with a familiar household name, the scam operation gives the appearance of credibility. This is a method used several times, including the ‘Copy Buffet’ scam, which uses Warren Buffet’s trading reputation to deceive customers. The truth is that Google has nothing to do with this con. The scam even has a quote that claims ” Google has made me $ 6 million in the last year ” – dropped the ” merchant ” completely. This is simply an attempt to deceive people, and somehow connect themselves with the tech giant.
Software
The scam revolves around several automated trading software, which the scammers claim can guarantee successful trading. Exaggerated promises of riches are a popular one among binary scams. The Google Trader video includes claims that thousands of dollars can be made every day, with no time or effort required from the account holder. They also suggest no prior trading knowledge is required. This type of claim is certainly very dangerous. Binary options require the same care and attention as any other form of investment. Any firm that suggests them is an easy way to make a huge amount of potential fraud. The scheme has a minimum deposit requirement of $250. The firm then simply steals the money. In some cases, an account manager from the firm will ask the client for further funds to gain access to better signals, or inside tips. Once any funds are deposited, the customer will no longer be able to see them.
Google Merchant App
The software also promises an application, which allows users to trade signals online. As with every other element of the operation, this is another lie. Many original Google Trader reviews are starting to appear. Users say they can’t process withdrawals, and forceful account managers react rudely when customers start asking for payments. This type of behavior reflects previous scams, where the account manager built a relationship initially, becoming friends with the client. Once a level of trust or friendship is built, they will encourage more savings. When account holders started asking for withdrawals, the tone changed quickly. In the end all communication is cut off and funds cannot be claimed.
Merchant Login
As mentioned earlier, Google Merchant has thankfully been shut down. But these scams often appear with very similar names and do the same thing over and over again. Once the user reaches the login screen, the fake claims and sales videos begin.
With so many legitimate and honest brands, there is no point in trying a firm where you have any doubts. Visit our fraud page – this provides details on how to spot fraud. It also lists services similar to Google Trader that should also be avoided at all costs.
It is also worth considering when you get your guide in binary trading – is this website promoting Google Trader or similar scam sites? If it does, any other information on their page can’t be trusted either.
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