One Touch Trade was an automated software for trading binary options, that is actually an exact replica of the WikiTrader software which they released in December 2016.
If you already lost money using One Touch Trade, and you want to know why you got scammed, then read this.
Warning!
99% of people lose money with bad binary option robots.
One Touch Trade Scam
One Touch Trade hired an actor and a professional film crew to give the appearance that Jeffery Peterson is a successful numbers guy.
Guess what we found? That same guy was advertising a Lottery Software, with the same girls, and calling himself John Robbinson.
They said that the software was developed by Gold Cambell LTD, but a quick Google search will find no such company. Oh, and we thought that the woman at WikiTrader invented the software? The picture of the trading app that they use on the homepage is actually stolen from QuickOption which is a real binary options app that is licensed by CySEC.
Basically, since we can’t believe anything that OneTouchTrade.co writes on their website, we also know that the testimonials they published are false also. If someone says you should use this software, it is because they are getting paid from a binary options broker.
One Touch Trade Review
The actual trading software that you get one you sign up for OneTouch is a basic binary options robot.
If you look at the screenshot below, you will see that it gives you only a few options. You can set the amount per trade, number of trades and the asset type. However, the most important feature of a trading software is the ability to select a licensed and regulated broker.
As you can see, the brokers they assigned us is called Tradextra, which is not a licensed broker.
Warning About Scam Brokers
Using an unlicensed binary options broker is like sending your money to a Nigerian prince. Once you deposit your money, the chance of getting it back is very low. We receive complaints every day from new investors who fell victim to a scam broker.
Sadly, there is nothing we can do to help them get their money back. Many of these scam operations are based in offshore locations with no ability to trace who the owner is. The smart thing to do is start off by trading with one of these licensed brokers.
There are auto traders available from 3rd parties, and the brokers themselves. No matter which software you choose to use, it must be with a licensed broker.