Glory Trader Review

Glory TraderNowadays there is an abundance of financial instruments that a person can trade online with binary options. With automated trading systems widely available as well, trading the complicated financial markets is as simple as point and click.

Although these automated trading robots might have helped to simplify the complicated trading process for beginner traders, many traders are still reluctant to use these automated trading systems due to the many fraudulent apps that are available on the internet as well.

Most of these fraudulent Auto Trader systems claim to be able to produce sky high profits for these users without any proof of performance making it difficult for anyone to put their faith in these systems. So is the Glory Trader automated trading system that was recently launched on the internet one such scheme or is it a legitimate trading robot that can deliver on its promises? Check out our review of it below.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

Pros:

  • Free Software

Cons:

  • No information on the creator of the Software
  • Required to sign up with unregulated brokers
  • Replica of known fraudulent systems

7BO Verdict:

Not Reliable

Not Reliable Service

What is the Glory Trader?

Essentially, the Glory Trader is a binary options trading robot. Its function is to help simplify the entire trading process so even a beginner trader can start trading like a pro. Designed to be user friendly, a trader using the Glory Trader system only needs to input the risk level that he is comfortable with as well as the amount that he wants to trade with. Once the trader has set the two trading parameters, the Glory Trader will take over the trading process and you can just wait for the trading results.

binary options trading robot

How does it work?

How does the robot workAlthough the Glory Trader is said to be an automated trading robot, it also comes with a manual mode for traders who want more control over their trading activities. By switching to the manual mode, the trader will receive the trading signals generated by the software. The trader then decides if he wants to place a trade based on the signal received. The Glory Trader uses a trading algorithm to generate the trading signal that the trades are based on.

It first analyzes the market for trends then based on the analysis predict if prices are going to rise or fall. And once it has managed to identify a profitable opportunity, it will then generate a trading signal and send the signal for the trader to act on.

The Global Trader is provided as free software. However in order to gain access to the software, traders are required to sign up and open a live trading account with one of the recommended brokers. You are also required to make an initial minimum deposit of $250 before you can start using the software to trade.

User OpinionsUser Opinions

According to the opinions I found online, Glory Trader is not the most reliable trading system on the market. Here are some examples:

Quotation marks“I unfortunately saw this post too late and lost some of my money. I didn’t do the proper research, or read reviews because I was very excited about the opportunity they presented me. I’m now on a crusade to stop them, and hopefully will be able to get my money back in the future…”
Quotation marks“They flood my email with spam email every week, and keep calling me unforunately. I wish I hadn’t signed up with them, as I have lost a bit of money by now. I guess I should have checked out testimonials or something, as I think now is too late. Definitely stay away from this scamming website, glory trader is no good.”
Quotation marks“I tried to register, but luckily I backed out at the last moment. It just seemed too shady, always calling me to ask to finish the registration, and asking me very personal questions about my finances. Stay away from this group, or I think you wont have your money for much longer.”
Quotation marks“I just had to watch the video to realize it’s a scam. The guy in it is clearly an actor, and a bad one at that. Their promises also seemed completely unrealistic. There’s no way they would be able to live up to their lies, and it makes me glad to see other people calling them out as scams.”
Quotation marks“I did not sign up with this one as I wised up recently, but I did fall for their previous one, Citidel. If this one is anything like that, most that sign up with it will lose their hard earned money to a bunch of sleazy scam artists..”

Final conclusion

Not Reliable

While there is no direct evidence which points to the fact that the Glory Trader is scam, we still strongly recommend our readers to avoid using this software while trading the financial markets. There are several reasons for our conclusion.

First of all, we couldn’t find any information about the creator of the Glory Trader. Instead what we found were striking similarities in the design and features of the software with two other well known fraudulent apps called Citidel LTD software and Tauibot.

Citidel InvestmentsSecondly, there is also no verifiable information provided concerning the performance of the Global Trader. And while the software is provided as a free software, it works in the same manner as other fraudulent apps in trying to induce subscribers to sign up and open a live trading account with a list of unregulated broker. By doing so, the promoters of the Global Trader will receive a commission from the brokers for introducing clients to them.

Furthermore, it is likely that once you have signed up to use this software to trade, the software will automatically take up losing positions and lose all your money.

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Glory Trader Review
1 (20%) 1 vote
7 Binary Options review: Glory Trader: 1 stars.