Algomaster System- scam site
Binary options trading is the talk of the town nowadays mostly because of the overhyped reviews given by some people who make some software and systems for binary options trading sound like they are something that has never been seen before.
Experienced traders may have garnered skills on how to identify scam sites but newbies are still green in binary options trading and may not see when they are being scammed.
Algomaster System was developed by James Torn and is one of the latest additions in the binary options industry. It promises to make you lots of money but that is yet to be confirmed because it may just be a gimmick to make you sign up and lose your money. Read this Algomaster honest review to find out whether Algomaster System is worth your investment.
About Algomaster System
Here is an introduction video that is done by James Torn. He is professionally dressed and looks like someone who takes his work seriously. He says that he is very experienced and has been trading in the binary options industry for a long time now.
He says that he has been able to make $15k in just a week using this Algomaster software. This is a lot of money and one can only imagine the number of things they would do or buy with such kind of money. There is another claim at the bottom of the Algomaster video that the members have already made $794,562 in just one week. However we do not get to see any of those members. There are also a couple of testimonials from people who claim to have had massive success using this software.
The truth about Algomaster System
Although the initial deposit amount required is $250, he claims you can deposit more to get bigger profits. It is like he is saying you will get double of what you deposit but if you are smart enough, you will come to realize that he is just using that part to entice newbies into joining his software yet he knows for sure that there is no such thing.
You should ask yourself why he wants you to deposit significant amounts of money into a new account that you are not even used to. The answer is quite simple; he wants to rip you off.
James Torn claims that he is a millionaire. We would expect his name to be features on sites like Forbes but he is nowhere to be seen. If you try searching his name elsewhere online especially in social media accounts, you will just hit a dead end because he is nowhere to be seen. This could be due to the fact that he is not using his real name and has just been paid by the real owners of this scam.
$20 Minimum Deposit Broker
The Algomaster developer claims that he is able to make $15k per week. This is unrealistic because there is no trading bot that can be able to achieve this kind of fete. If it were to be true, we would have news of the Algomaster software on major news sites such as CNN, Money, and BBC among others.
This is the kind of money some people can only imagine to be making in a year. Making $15k a week also means that one can become a millionaire within a short period of time, as in, become rich overnight. If there indeed people who have been able to do that, we expected the website to show them to us but they haven’t because they aren’t there.
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There is also a claim in Algomaster System that says it won the award for trading bot of the year. This is an award we have seen in many other scam sites so there is no way this software could have won it too. We also know that Algomaster system is relatively new in the market and could not have garnered such an award within a short period of time if indeed it exists.
There are many more badges that make people feel like the website is generally secure. You will however notice that the website does not start with an https which basically means that it is not SSL secured. The other badges also do not make sense because there is nowhere on the website where it is indicated that they have been verified by third parties. Even if you try to click them, you will see that they just remain dormant.
The testimonies on the Algomaster website are not believable. The so called traders do not show us their trading accounts at any one point to prove their claims of having achieved success. These people have only provided one name and an initial each so even if we wanted to search for them to confirm their identity, out hands would be tied.
Instead we just read praises of the software from some people who we are not even sure if they are members of this system. They do not show us their trading accounts at any one point not do they show us their trading history to prove their money making claims. The Algomaster website is designed badly. It has not been divided into pages and has only the home page which is not very professional.
A new trader looking to gain knowledge on trading from this website will not find it useful at all. It is very obvious that the people who created it are only interested in getting people to sign up so that they can get money.
No trader should want to invest in the Algomaster system scam because it has been proven to be a dead end. No one has made a substantial income from it therefore it is neither reliable nor trustworthy.
Serious traders need not waste their $250 here because they can put it to better use in a variety of other websites. Algomaster is most definitely an ugly scam and will soon fade away so you should take care not to be among those who will end up on the losing end. Get to read more of this and other binary related scam that will take your money, read it ALL HERE