Is Convergence Sniper a Scam?
That's why you're here right? You want to know is Convergence Sniper a scam or not? I always hold out hope that every new system on the market is actually something great. Each time I hear of a new system, I can't wait to review it, because I do believe that the possibility for a truly amazing binary options auto trader exists. The fact remains that there are very few binary options auto-trading bots that are good, and people have recently been asking me if there isn't anything new that's worth investing in. The truth is that good systems are really hard to come by. This Convergence Sniper review of Frank Norton's system is unfortunately not going to recommend that you invest your hard-earned money in this system, and I'll tell you why.
Before we get into any of that, I'd like to mention that unlike fraud sites that do not reveal this, we would like to explain something. Irrespective which link or site you use to register for this solution, someone could get a commission. That includes links on this website. Our register links can be relied on, since they are behind SSL HTTPS protection, so you can be certain of the origin. I also want to make a special point of reminding you that you should not be trading with money that you cannot afford to lose, trading is risky, even if it's a great system. In addition, for all the US traders out there, if you missed the pop-up I want you to be aware that Nadex is the only fully regulated US binary options broker. Cool, not let's start!
Reason #1 Convergence Sniper Is A Scam
There isn't a single honest face on the whole convergencesniper.com website! We all know that the CEO's of companies do not always make the best spokespersons, and therefore they do sometimes hire actors to portray them, big deal. However, the issue becomes much greater when EVERYONE is simply an actor that got paid to play a role! That's what we're seeing with this Convergence Sniper “production.”
Let's start with Frank Norton himself. The presentation video claims that the guy they show is Frank Norton, there really is no need to do that in this particular case, since we only hear his voice. The photo below pretty much gives us incontrovertible proof that they used a paid-for portfolio image instead of the actual Mr. Norton.
Why they needed to show a stock photography image of a model instead of the real Frank Norton I don't know. A good photographer can make almost anyone look good, so in this case since the Convergence Sniper scam website had no good reason to not show a photo of the real guy.
Reason #2: Convergence Sniper Scam Testimonials
In addition to the CEO, the so-called testimonial videos are all done by actors that can be found on the micro-jobs site Fiverr.com. They make it possible to hire people to do all sorts of jobs for a mere $5, and sadly that includes fake testimonials. If you thought the user testimonial by John Burditt was real, then I have bad news for you.
Take a look at the screen capture below, and you will see that he's for hire on Fiverr. And yes, sometimes it takes a lot of time and effort to track these people down for an article such as this Convergence Sniper review, but it's worth it!
What about Markos Galanos, surely he's real, right? Nope! He is also an actor for hire and will say whatever you want for a couple of bucks.
And here is his Fiverr.com profile:
Then we have this guy, the real McCoy or fake? Yep, you guessed it, bogus!
There doesn't appear to be a single genuine testimonial from a real user. That's not totally unexpected, almost all the scams we review are like that, but it's still a little sad isn't it.
Reason #3 Convergence Sniper Scam Claims
The makers of this system obviously has absolutely no regard for any rules or regulations, and that should make you wonder about what they will do with your money! The claims they make about their software saying, and I quote “You face literally no financial risk” flies directly in the face of all common risk warnings that state that all trading activities carry risk. From experience I can tell you that risk and trading go hand-in-hand, there is no such thing as a risk-free trading system.
Despite all of the required disclaimers and warnings, the producers of the Convergence Sniper scam would obviously rather have you not think about the potential risk. Why would they do that? Well, that would be because they're simply after your money and have no interest in helping you!
Convergence Sniper Review Scam Conclusion Reason #4
The whole narrative and back-story about governments constantly manipulating the Forex markets down to the minute is simply nonsense. Yes, there certainly are times when governments take action to prevent currency slides, but those moves are not on a micro-level and they cannot be hidden from the markets for long.
The supposed “convergence” that gave the Convergence Sniper system its name is a well-known market behavior that is more commonly referred to as currency correlations. The correlations that are seen vary throughout the day and from week to week and are mostly influenced by traders like you and me, that weigh up the influence of economic and political events to come to a conclusion about how these events will affect the currencies of each country. These decisions made by traders affect their trading actions, which in turn lead to correlations and deviations from normal correlations.
There are numerous tools you can find online that will tell you how strong the correlation between a set of Forex currency pairs are at any given point in time, but all of that information does not necessarily translate directly into trading advice.
The whole premise of the mysterious “Dr. Vladimir X” is therefore nonsense and can be completely ignored as an utter fabrication. That's of course also why they are so adamant about the fact that you will not be able to find anything about the Convergence Sniper's creator online. Their story is that he is a very private person, my version of their story is simply that he doesn't exist!
This Is A Scam Reason #5 – Crazy Revenue Claims
As with all scams, the most obvious reason to flag a system as a scam often comes from the outrageous revenue claims. Somehow they always think that people will believe them if they show fake bank accounts with millions of dollars, and the Convergence Sniper scam is no exception to this rule.
Convergence Sniper Review Conclusion
It's a scam people, just stay away! For a a novice to binary options trading, it is a good idea to first educate yourself a little about how binary options work. You can easily do this by simply signing up for a totally free demo account. TradeThunder is a really good broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading binary options with as little as $20 in your account! Never even consider trading with money that you can't afford to lose.
Also if you mess up and go for a crappy system, or settle on a great system which just simply doesn't get the job done for you, we have got your back! Check out our “ETS Satisfaction Guarantee” by clicking on the badge below.