Mirror Trader on the wall, who is the fairest bot of them all? Tired of software trading systems that aren't effective? So am I, but Mirror Trader might not be the fairy-tale auto-trading bot that you have been looking for. Binary options trading is a lucrative market filled with a lot of potential for those who are willing to discover its secrets. However, if you are not vigilant and you don't watch out, a scam like Mirror Trader can such your account dry in no time at all.
Mirror Trader will be assessed in this detailed review. We will be taking a deep byte into what the software is all about, and determine if it has the quality you require moving forward, or if it is a poisoned apple.
Before we start with the rest of the review, we want to make it clear that this Mirror Trader review is not about the FXCM Mirror Trader product. In fact, we believe that the creators of this system chose the same name as the FXCM product in a deliberate attempt to confuse people. So let's set the records straight right away, this is not a scam bot by FXCM, this Mirror Trader scam is a completely different product!
Mirror Trader Features
1) Fully Automated Trading Software
2) Practice Account Provided To Test Software
3) Provides Control Of Your Account
4) Simple To Use Interface
5) Provides Signals To Enter Trades As Needed
6) 24/7 Customer Service For Users
Falsified Claims Of $14,000 In One Day
Mirror Trader is off to a bad start beginning with the marketing drivel that is pushed down the throats of prospective customers. This is of course not uncommon. It happens all the time, just like other binary options trading scams, the Mirror Trader is full of the usual meaningless sales talk to drive people to sign up as quickly as possible without thinking.
There is no reason to believe what is being said in the Mirror Trader promotional video. In fact, this claim has been shot down immediately because this product didn't even exist in the market until a few days ago and yet claims of fantastical earnings by users for over three months are being made. You can check the domain name details for yourself, and you will see that it was created a couple of days ago.
So how would it be possible for them to have made that much money using a product and website that isn't even a week old at the time of writing this article? This immediately points to a marketing claim that is either being grossly overstated or is an outright scam. In the case of the Mirror Trader scam, it is clearly the latter.
Mirror Trader Fake Founder
This is an immediate sign of something being fishy. When the leader or founder of the product is someone who is not real, you know there is potentially trouble ahead. We know and acknowledge that not all company CEOs are photogenic and not all are comfortable in front of a camera, and this sometimes leads to companies employing actor proxies. However, it still raises a flag and prompts us to probe deeper.
The founder of this product goes by the name of “John Harrison” and states he was a part of the military before deciding that was not his calling. He changed his mind and joined binary options trading. He created a software apparently out of thin air to help with automated trading for users around the world.
Sounds good, doesn't it? Well, the problem is he's not real and is a hired actor. This should seal the deal on the scam, but let's carry on and list a few additional cons.
Fake “Live Trades”
This is a new method that is being used by the service to scam people, and it makes it difficult to distinguish between real software and fakes. They are shown displaying “live trades” that are being made right now by people. All of the trades appear to be winning.
It is also important to note all of these trades are fake. How do we know it is fake? Well, if the market closes at a particular time of the day, how are people winning trades afterwards? Is that humanly possible? No, it is not! Right now it is a Saturday night, and yet they still claim that winning trades are being made when it clearly is not possible.
They are running the same fake trades in front of users claiming they are “live.”
Selective Process Is Not Selective
The claim on the MirrorTrader.net website is they are very selective about who is going to get in and be able to use the program. At first lush this sounds fair, because such software should not be given to the masses and then potentially ruining it for everyone by saturating the market.
There is a problem with that though, we have been monitoring the Mirror Trader software launch and we know that they have been sending out emails to literally thousands of people every day. You are most likely reading this because you received one of those spam emails.
The truth is that there is no selection process to join the Mirror Trade scam software. They are simply trying to make the software sound appealing by creating the impression that it is a limited offer that you have to qualify for before you can join.
Claims Of No Risks
Want the icing on the cake? The claims made by John Harrison indicated that there are no risks with signing up. This means you could trade and you won't have any risks with the Mirror Trader. Is this possible? No, with real binary options trading, or any type of trading for that matter, you will always have a risk and reward setup. it doesn't matter what kind of solution you are using.
This is how the market works, but somehow they claim that magically that is not the case with this scam. The Mirror Trading scam is trying to play on your fears of risk and showcasing that it is the solution when that is not the case at all.
Concluding Thoughts On The Mirror Trader Review
Please do not purchase this software! There are much better binary options auto-trading alternatives!
Mirror Trader is one of the worst scams going right now and is not going to help you at all. They are trying to mask their scam by making it appear to be part of the well-respected FXCM Mirror Trader system when the truth is that they bear no resemblance to each other at all. Those who end up making this purchase will regret it from the word ‘go.' Many people are being scammed, and the names may vary, but the idea is the same. They want to take your money right away.
You have to be careful, and Mirror Trader is a proven scam that is not going to assist with your binary options trading at all. Stay away and look towards solutions that are well-reviewed and have the respect of traders instead of something as fake as this.