Is Google Trader a Scam?

google-trader-mainName:  Google Trader
Website:  gtradersoftware.com
Price: $250 min deposit
Owner: Ben Williams

Bare Naked Scam rating: 5 Thumbs Down

insured-profits-scam-rating

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Is Google Trader a Scam?


Google Trader is a “free” binary trading software that is supposed to deposit thousands of dollars into your bank account every week.

When watching the sales video, I noticed a lot of red-flags that lead me to believe this product is not what it seems. In this review, we will take a look at Google Trader and see what it’s really all about.

First, let’s count the red-flags.

Too Much Hype

Like similar products, this sales page is full of hype and income claims that are impossible to verify.

There is simply too much hype in the sales video it’s almost impossible to believe; it’s not realistic or plausible.

I mean you can make money in trading, however, there are only 1% of the traders  in the world (traders who are well informed and experienced) whom are making that massive amount of money.

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Total Member’s Earnings on The Homepage

On the main page of the website, below the sales video, there are two counters; one shows the total enrolled members and the other counter shows the total amount of cash that the members have earned.

It’s clear that these counters are fake and not based on any real data.

I disabled my internet connect and the counters continue to increase, and when I open a fresh Google trader home page, it seems that the counter will restart at a certain number. Take note of the time and the counter below:

google-trader-counter-1

 

Google Trader Has Nothing to Do With Google

Google Trader has absolutely nothing to do with Google.

It’s a little unethical to include a well-known reputable brand in your product’s name.

In the sales video, the speaker mentions that the website is hosted by Google, but I’m not even sure what that means because Google is a search engine.

Regardless, this product has nothing to do with Google!

If you scroll down to the bottom of the page, there is a fine print with the statement “This site and the products and services offered on this site are not associated, affiliated, endorsed, or sponsored by Google, Clickbank, eBay, Amazon, Yahoo or Bing”.

The People in The Video Testimonials are Actors

A few video testimonials are included in the sales video but all the video testimonials are from paid actors.

It’s not hard to find someone who will say whatever you want in front of a camera for some cash.

There are a few more red-flags but we will cut it short here, so that’s 4 red-flags that were spotted right off the bat.

How Does Google Trader Work?


Google Trader is advertised as free, but you have to enter an email address and then you have to sign up to a company called Binary Book.

This is where the real price of Google Trader is revealed. Take a look at the screenshot below.

google-trader-account

Notice the minimum deposit amount? I never even heard about Binary Book. So there you have it, the real price of Google Trader is $250 – that’s quite a lot!

Binary Book must be a respected trading company, right?

Well, it does not look like it.

According to Site Jabber, a consumer review website, Binary Book received a rating of 1 and a half stars out of five stars.

Reading the user reviews, it’s clear that a lot of people don’t like this company! The list of red-flags continues to grow!

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 What about the Software? Can You Make Money With It?


The binary options trading software is hyped up to be the most amazing Auto Trading System on the face of the planet.

But of course it falls short.

The software is supposed to determine which trades are most likely to succeed and then invest a certain amount of cash into those trades. Except, that is not possible.

Binary option trading software makes a lot of mistakes and it’s not as safe as people claim. In fact, there are numerous reports of people who have lost all their cash to trading software. The truth is that if these programs worked, every trader would be a millionaire, and there would be no need for manual trading at all.

Honestly, these programs don’t work, the trades fail more often than they succeed and you will always operate at a loss. In other words, it will be incredibly difficult to make a profit.

Your success with trading depends on a few factors: your knowledge of the marketplace, the amount of funds you have to invest, and a lot of luck and consistency. If you want to make money trading you will have to bring your knowledge up to speed and keep practising. If you are serious about becoming a trader, I would suggest that you start with Etoro.

This way, you will grow your knowledge and you can practice with a demo (practice) account without going live.

Trading is Risky! But…


If you get the right knowledge, mingle with the right group of traders, practice hard enough, form up a winning trading strategy, you can beat the market.

But, it takes a lot of hard work, experience and a little luck to profit from trading. I was a trader many years back before I became a successful Affiliate Marketer, and all I can say is that no trader has a 100% profit track record.

Even the most experience trader may lose in their trades.

By forming up a trading strategy, you would have minimise your risk of losing money, but there are many things to consider in order to create a winning strategy. I will not cover in details here but you can get started to form your own strategy here.

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There’s another way to make money online and there’s no money at risk.

You won’t need to fork over thousands of dollars and you don’t need to worry if the money will be gone the next day. The only required that is needed is your time. Invest the time into learning how to build a successful online business.

This course will teach you all that you need to know about making money online with affiliate marketing and how to create a successful website. It’s very low risk and perfect for people who don’t want to focus all of their energy into staring at trading data and crunching numbers.

There is a free trial, check it out for free.

Have you tried Google Trader? What do you think about binary options trading? Leave a comment below.

Your pal,

Jack

My Secret to Online Sucess

About the Author

Jack is an experienced online marketer who would like to extend his help to whomever wants to learn more about building a successful online business. Connect with me on Facebook, Twitter, and Google Plus. Read more about Jack and BareNakedScam.com here...

Leave a Reply 25 comments

Wayne - Reply

Hey Jack very well done article. I wonder if Google gets their legal team working on people like Google Trader? Anyways you don’t have to look far for a new scam with a new twist. Hopefully people are smarter than to think a computer software program is going to make them rich.

    Jack Cao - Reply

    Thanks for your comment Wayne! I am pretty sure Google will not intervene on this because there are so many scam products abusing Google’s name everyday. I really hope people will not falling into these traps of the scammers and that is the reason why I setup this website in the first place.

    Cheers!
    ~Jack (BareNakedScam)

Kevin - Reply

Hi there,

Really glad I read your review on Google Trader! Will be one to keep away from I think 🙂 Always been interested in binary trading and stocks etc… but always seems complicated. Will be surprised if there is a easy software program out there??? Plus like you say trading is a risky business! I know a few who have put in plenty of money and not received a penny back, nevermind.

Great review and love the website, will always visit back for more updates 🙂

Alexey - Reply

Hey !
I loved your product review very much, and stand by every word you said about binary options!
Its a total scam, and people should be aware that binary options is the fastest way to loose all your money.
Good luck!

Diego Felipe - Reply

Thanks for the info, I was just looking for a review.
I just taked a look on the Etoro program you mensioned, and it’s another world, nothing to compare with gtradersoftware, you saved me from a trap. thank you for sharing.

Dan Maxwell, Jr - Reply

Thanks for sharing this one Jack.. Sometime I sit and wonder.. why won’t people apply the same level of thought which they use to scam others, to making the world a better lace for everyone?

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