The Intro

The sales video starts with the usual big talk about how the author made millions in 1 year with the help of google. 6 million to be exact. How did he make that much money and what’s in it for me and you? 

The creator, Ben Williams, states that Googletrader is the “most advanced auto-trader programme ever made”. Furthermore, he claims that it will automatically make you a whopping $1,800-$4300 per day for free.  

If you have read any of my previous Binary option trading reviews, you would already sense a pattern emerging at this stage. If anything sounds too good to be true, alarm bells should be ringing. 

I’m still wondering why Ben, the owner of Googletrader, would leave himself open to a potential lawsuit by using the trademark of one of the most powerful companies in the world? He would lose that battle very quickly.

The thing is Ben or whoever is behind this scam doesn’t really care because the company is not real. If Google catch him out and the site is put down, it will resurface again under another website name. Unfortunately, this is how unethical products operate.

If they don’t care about a big company like Google why do you think they would care about making you money? And even if you made money, what guarantees that they would hand over your share of profits?

The video then moves onto the Googletrader customer testimonials. I’m not surprised to discover that the “satisfied customers” are actors that have been hired to provide fake positive reviews of the product.

 The customer reviews like the one above are placed on the site to make it appear as though regular people like you and I have already tried the product and are profiting from it. It’s a powerful way of getting people to sign up but don’t fall for this trick or you will find yourself with many of the regular people that have been scammed. 

I am very sceptical about products which claim that you only need to click a button and it will do the rest for you.

Here’s the thing…the reason why the auto-traders do so well is because in an ideal world most people would like to get their hands on a system that does all the hard work and make them money whilst they sleep.

The issue here is that customers are so sold on this idea that they ignore everything else and never question the product’s legitimacy. Auto-traders do so well because of this and end up profiting from the customer’s misfortune.

You won’t find one that works reliable i.e. make you a consistent income. The code in the auto-trader is nothing sophisticated. All it does is try to guess the direction of the trade and hopefully get some lucky wins. 

Seasoned traders do use trading software but only to help them to analyse the market and identify trends. They still need to use their expertise and watch the market over a period of time to increase their chances of winning trades.

Googletrader claims it is not a Binary Options trading system when actually it is. 

Binary options trades are a big no no. They trade over very short erratic 60 second windows- you might be thinking that less time exposed to a trade equates to less risk? Over a 60 second period, a trade can go up and down more than sixty times per minute. It would be impossible for the software to calculate a trend in that little time.

Googletrader or Ben Williams  or whoever is behind this product has repackaged the software, provided by the Binary Options Brokers, with their own branding to make it look unique.

Further on into the video we are shown more fake satisfied customers. Again these are just hired actors paid to look happy, pretend as though they’ve earned a tonne of cash and speak highly about Googletrader.

So if this product is so successful, what’s in it for the owner? They receive a 2.5% commission on your winnings. Here’s the thing, chances are that you won’t be making any money so this is irrelevant.

I would even question the commission because scammers just want you to pay the $250 minimum deposit, they get their share from the Binary options broker and you will never hear from them again. 

Proof of Earnings

Here are my reasons why I know that the site’s facts and figures are questionable:

1. If you review the Live trades page, the code in the background creates random data to make the trades look as though they are real. 
2. If you go to the Members profits page you will see the profits rising but if you refresh the page, the figure always resets back to $128,221,776. It’s a fabricated number.
3.   There’s no way of verifying the trades provided in the facebook comments.  

Pros:

• None whatsoever

Cons:

• Googletrader doesn’t provide any solid proof how it can make you money.
• No safeguards i.e. no legal disclaimers are given on the website.
• It tries to disguise behind an established company’s trademark.

Conclusion

Here we find a scam that tries to cleverly hide behind the Google trademark. It’s another Binary options trading scam that offers no proof of earnings, you are guaranteed to find fake profit data and fake members. The Google Trader Scam has been exposed!

Trading Binary options is not a viable business because you a betting which direction a stock is going to go- if you make the wrong guess you loose your money.

The Google trader scam and other binary options scams claim that they can predict what direction the stock will go. The software only provides a high-risk trading strategy which stacks the odds against you and swallows up your deposit.

If you’re tempted to try this product I strongly advise that you turn around and walk away. There are no fortunes to be had here.

If you want to learn how to make real money online, read my top recommendation right here.