Terabit Trader is a scam binary options trading software that originally opened on September 18th, 2016. Sometimes we see a new software and get excited, in the case of Terabit Trader there is nothing to get excited about.
Lucky for you, you decided to do a little research before depositing $250 at a useless trading robot like Terabit, which uses fake binary option brokers. If you made a mistake, and already deposited your money, then you should read about brokers complaints.
Terabit Trader Scam
The biggest problem we found with the Terabit Trader Software is: They make false promises about your potential profits. Here is what they wrote…
“Make $20,000 Per Day (Guaranteed) With This Ground-breaking Optical Data Transmission Trading Software”
There is no such thing as a 100% accurate trading software, and anyone that makes claims of guaranteed profits, is surely a scam. A smart investor who really wants to understand how this scam really works will go read: The Binary Options Trading Scam.
Terabit Trader Software Review
The “amazing” robot that Terabit gives “investors” to use is very limited in its abilities. You have 3 options to configure the software, which is bad. A real automated trading robot, gives investors more than 25 options to control the robot.
If you have no control of the robot, then the robot will just keep trading until you lose all your money.
The biggest problem with the binary options industry is the prevalence of scam brokers. There are only 20 brokers that are licensed and legitimate, the other 300 are unlicensed brokers.
When we signed up for the Terabit Trader software, they connected us with an unlicensed broker called BinaryOnline, that is based in the Marshall Islands. There is no reason for someone living in Manchester to trade with a broker that is not CySEC or FCA regulated.
You can find a list of the licensed brokers here.
Tell other readers which broker the Terabit Trader recommended for you, in the comments section.