Welcome to my review of the Verified Trader system. This is a brand new piece of binary options software which has allegedly been created by a guy named Simon Roper.
The system claims that it’s users will be able to generate profits of between $400 to $6,000 per day on complete auto-pilot. Obviously those are some pretty bold claims so I’ve decided to jump in & take a look at what this system is all about. Most importantly I’ll be digging deep & revealing whether or not it actually works.
As I mentioned above, this system is a binary options system. The reason I’m mentioning that again is because I become extremely sceptical when it comes to binary systems, especially so called ‘free’ ones.
The reason for that is because I’ve reviewed literally hundreds of these systems & I’ve yet to see a single one of them put anybody into a sustainable profit. All of the ones I’ve seen so far have done nothing but provide false promises & part people with their hard earned cash.
Verified by Veri Trades?
The one thing that caught my eye about this system was that it has supposedly been verified by an independent trading authority named Veri Trades.
At a glance this all looks very impressive, but after doing a little research it quickly became clear that this Veri Trades website has actually been setup by the owners of the Verified Trader system. So it’s not an independent site, instead it’s just a ploy by the Verified Trader owners to try and build your trust in the system to encourage you to sign up… I’m not liking their tactics.
Oh wait, there’s social media proof… Ah, maybe not.
If a system has a social media page then that’s often a very good sign because it shows they must be confident that their users will be saying positive things.
According to the website of the Verified Trader system it looks like it’s had some great reviews on Twitter, take a look at the screenshot below which I’ve taken from their website:
Unfortunately though none of these comments are real.
How do I know?
Easy, I searched the username that was shown in the image – “@verifiedtradero07”.
Here’s the real results:
I’ve blurred out the people’s usernames for privacy reasons, but as you can see the tweets shown on the Verified Trader homepage are all clearly made up.
So it’s not looking good at all… Already they’ve shown us a fake verification website & fake tweets about the system.
I carried on regardless…
Despite the major red flags that have already arose, I decided to continue & enter my email address to see what happened next.
I thought I’d give it the benefit of the doubt & put this ‘free download’ to the test & try the system out.
Only it turns out it’s not quite ‘free’ after all.
You see after entering my email address I was taken to another page where I was asked to sign up with their recommended broker & deposit at least $250 in order to gain access to the system. I don’t know about you but that’s not what I call free!
Obviously they pushed on the fact that you’d be able to make this money back right away, but after doing some further research it turns out that simply isn’t the case. I managed to find 7 real user reviews online and here were the results:
- 5 people completely lost their money.
- 2 people stopped with some money left in their broker account but were unable to get a refund.
Admittedly some of the people did report the odd win, but obviously these were dramatically outweighed by the losses.
How it really works…
It turns out that this system is nothing but false hype to try and encourage you to make a deposit with a broker. That’s because when you do the creator of the system will get paid a whopping great big commission.
Only after you’ve deposited & gained access to the system will you find out that the system doesn’t actually work as promised, but obviously by this point it’s too late.
Nobody other than the creator of this system & it’s affiliates will be making any money from it.
Think about it, if it really worked as promised then why on earth would the affiliates be wasting their time promoting it – surely they’d just use the system to make money instead right? Doh!
So what do I think?
Personally I recommend that you avoid this system, unless you’re looking for a way to LOSE money that is.
If you deposit any funds into this system then based on other users’ experiences there’s going to be a 99% chance you’ll lose them. On top of that the brokers will make it almost impossible for you to get a refund on any of the funds you don’t lose into the system.
Truth be told I don’t recommend binary options in general – very few people overall actually manage to make a profit from them & those that do put in countless hours of time & effort. If you’re trading binary options for fun then OK feel free, but if you’re trading them in the hope of generating income then you need to stop because to put it bluntly it just won’t happen.
The easiest way to build an income online is to use a proven internet marketing system – that’s how the majority of people who make money online make their money. Despite what you might think internet marketing is actually pretty easy to do & the upside is that it’s completely scalable. The more you put in, the more you get out.
Sure it takes a little bit of work, but if you’re not willing to put in any work then you’re never going to make a penny online – it’s as simple as that.
So I hope you enjoyed reading my review & hopefully it helped you save yourself some money. If however you’re reading this review AFTER depositing into the system then I’d love it if you could take a moment to share your experience by leaving a comment below. Not only would it help me but it’d also help others who are considering doing the same thing.