The GPS Trader Software by Richard Hefner is a new binary options Scam which has been released 4 days ago. We are writing this Review because it is, however, being heavily promoted heavily over the internet and through email marketing. Generally, we use GPS (Global Positioning System) to find any places. Even everybody has the GPS on their phones. So, what’s the relation of GPS with binary options trading? Let’s dig together.
How does GPS Trader Software work?
Richard Hefner used to work as an expert on the vehicle satellite navigation unit. Together with his fellow Josh who was a great Wall Street binary options trader made the GPS Trader Software system.
See our review about Money Glitch Scam
The GPS Trader Software relies on Global Positioning System algorithm. This algorithm will give you the information about the financial markets 900 milliseconds before the supercomputers of Wall Street execute any trades! So, you can place your trade way faster than any other supercomputers in the world. This increases the chance of your winning. A group of programmers has developed the GPS Trader Software to use satellite signal communications, broadcast data via radio communications on two frequency waves. This cause the software to run 900 milliseconds or one-second faster than any other signal system out there in the industry.
The alleged creator and CEO of GPS Trader App, Richard Heffner says that his invention made 29 people a millionaire within just 3 months. Those people used to earn a $20k profit every day. He also claims that the software has 100% accuracy rate.
GPS Trader Scam Review?
The GPS Trader executes trades in the blink of an eye. Even before the Wall Street supercomputers. We don’t understand the relation between winning a trade and the speedy execution. It’s not a racing game. Well, let’s say the faster execution of trades make you win. They still have to place trades via a broker and most brokers take 1 -2 seconds to confirm the trade placement. So even if the GPS Trader robot generates a signal with the blink of an eye, it has to place the trade via a broker. So, it indicates that this fastest execution of trades is bogus. See our video analysis below:
Moreover, this GPS Trader Auto trader generates signals for Turbo trading. Basically 60-second expiry trading. You know guys, we always warned you about this as it bears the high risk. 60 seconds trade can drain your money very fast. In the promotional video, Richard Hefner doubles his deposit of $250 in just one minute. So he risks his total deposit of $250 to make another $250 in just one minute! This is an example of poor money management. This is totally gambling and it’s not trading. He also claims that he made 27 people millionaire in just three months. That is unrealistic and a fairytale. We have found all the testimonial people’s photo are fake. Those copied from free stock photography sites.
We made in-depth search regards to Richard Heffner ’s identity and failed to gather any reliable information about him. We searched on Google, Facebook, LinkedIn, and Google+ for the person but couldn’t find any information about him. Instead, we found some articles that show that GPS Trader is a nasty scam software. Another thing is that they have set up Geo-targeting widget which tracks your place and shows the same dialogue “Members in Bangladesh/USA/Canada/UK are earning $12,000 a day with the GPS Trader.” So, you should not invest your hard-earned money with the GPS Trader signal.
Conclusion: GPS Trader Auto trader is a Scam.
Finally, If you are serious about financial trading and want to earn money regularly, therefore, educate yourself. Learn some basics and fundamentals. Learn how to use charts and indicators. Practice with Demo Account, master yourself. In reality, finding a legit software is really difficult. That’s why we reviewed much software and found a few of them who are legit, dependable. Like Maximus Edge Autobot. It can deliver the success rate of up to 84%.
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