Latest posts by Marcio (see all)
- Three Currency Pairs To Watch Out For - April 30, 2018
- Dropbox Makes Its Way to IQ Option with Spotify Soon to Follow After Successful IPO - April 5, 2018
- IQ Option Becomes the Only Trader Offering A Short on the Dwindling Crypo Prices - March 1, 2018
Since the turn of the new millennium, the online trading industry has grown by leaps and bounds. The rise in the popularity of online trading can largely be attributed to the lucrative profits that traders can earn from trading the financial markets. And to help traders maximize their online trading opportunities, many companies and individuals have developed auto trading software which lets their users trade the markets on a 24 hour basis. One such software that was recently introduced to the binary options trading community is the 97Partners trading system. In this review, we are going to investigate if the 97Partners trading system can actually help its users make profits beyond their wildest dreams. To find out, read our in-depth review below.
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
– Free Software
– No Technical Details Provided
– No Proof that the software actually work was provided
– Having to deal with unregulated brokers
Not Reliable Service
What is 97Partners?
Based on its promotional video, the 97Partners trading system is an auto trading binary options trading software that was developed by an individual by the name of Simon Crane. A former lecturer from a Swedish university, Simon Crane spent 5 years trying to develop an optimized automated trading solution before he succeeded in 2009. And now after several years, he has decided to share the results of his work to all online traders for a percentage of their profits, 3% to be exact. This is how the name of the trading system was derived. You as a partner will earn 97% of the profit by using his automated trading solution and he will take 3% as a small commission as a fee for using his software.
How does it work?
So how does the 97Partners trading system work? This is where we hit a stumbling block. After an extensive review of the promotional video content, we noted that there was one crucial piece of information that was missing which is the inner workings of the software. Although Simon Crane went to great length to explain that he was commissioned by a leading investment fund to develop and create a “…highly professional and profitable solution” while he was still a lecturer at the Swedish University, he never explained how his automated trading actually work. Everything that was mentioned in the video seems to be geared towards how he got his hand on this marvelous software and how he had to wait until now to release the software.
He also goes further to describe the steps in which you can gain access to this trading system. The first step includes registering and providing personal information such as your name, a valid email address, telephone number and finally your credit card details. During all this time, Simon Crane constantly stresses that he doesn’t need your credit card numbers which is a contradiction to what is required when you actually register for access to the software.
The way the information is presented in the promotional video seems to indicate that the developer Simon Crane is sidestepping the need to provide any information that is of substance. He fails to present any technical information on the software as well as conclusive proof that the software actually works in the way that it was advertised. Instead you are required to provide sensitive personal information to an unknown party.
Now ask yourself this, would you do the same if a stranger walked up to you on the street and asked for the same information? If the answer is “No”, then there is no good reason why we have to trust Simon Crane. The benefit of the doubt doesn’t fall on him but to you as a potential client.
Although no payment is required to gain access to the 97Partners trading system, the fact that you are required to provide your credit card details puts you in a high risk situation. And once you have registered, you are still required to make a minimum initial deposit with a broker that is recommended by the 97Partners trading system. In fact, all the investment risks falls on you while Simon Crane gets to earn a 3% commission with no effort or risk on his part. So if the system doesn’t work as advertised then you can be sure that you wouldn’t be expecting 97% of the profits anytime soon. Our conclusion is the 97Partners system is nothing more than a scam.
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|