Lately, we’ve been asked a lot about this new binary options auto trader called Anonymous Trade (anonym.trade, anotrade.com). The reason is very simple. When you Google Anonymous Trade, our website comes as one of the first results. Which is why we’ve decided to take the time today and warn you that Anonymous Trade is nothing but a fake, money-stealing, fraudulent binary options auto trader. By the time you finish reading this review, hopefully you will fully understand why you should avoid signing up with Anonymous Trade!
The creators behind Anonymous Trade are smart people. They provide absolutely no information on their home page which can indicate that we’re dealing with a scam. No fake backward counters, a pushy sales video or too good to be true promises. As you can see in the above screenshot, you get a black screen and a sign up form. That’s all.
The only other thing we can learn from this website is that one of the available brokers is Stern Options, a non-regulated scam binary options broker. (Just read the comments below this Stern Options review to realize why we’re saying they are a scam.)
Now, why on earth would you want to sign up with a software that is setting you up with a scam broker?
The second thing you need to understand is that in binary options there is no, there has never been and there never will be a profitable auto trader. How can we be so sure, you’re wondering? Easy. In binary options there’s a fundamental conflict of interest between the broker and the trader. When you, as a day trader, place a trade on a binary options platform, what you’re doing is betting that the price of the asset will go up or down. That’s all. You’re not actually buying the asset. The “brokers” are not really brokers. They merely provide a betting platform, akin to a casino. So if you win the trade, who pays you? Right! The broker! And if you lose a trade? Right again! The broker profits!
Now it becomes easy to realize that a binary options broker doesn’t want people to make money. As a business, their goal is to make as much money as possible, which requires that their clients will lose as much money as possible! So why would they allow people to run a profitable auto trader on their platform?
And we won’t even get into the fact that trading profitably requires not only technical analysis, which a computer can do, perhaps even better than humans, but also fundamental analysis, which requires a human mind.
The truth behind the Anonymous Trader and other binary options auto trader is that they are affiliate sites, encouraging people to sign up with brokers. The commission a broker pays to affiliates can be anywhere between $100 (with legitimate brokers) to $1000, or even more, with scam brokers.
So when you sign up with the broker via Anonymous Trader and make the minimum deposit (usually $250), the scammers who created Anonymous Trader get their commission.
Then, the sales people working for the brokers have to convince the clients to deposit more. Otherwise, they lose money on you because most of the time, they pay the affiliates more than the clients deposit. In many cases, they convince people to deposit thousands and even tens of thousands of dollars. They will not stop bothering you until they can get you to send them your entire life savings. Eventually, they will convince you to sell your house and kidney if you got nothing else…
The money you deposit will be lost forever in most cases because when you make a deposit, you also sign (in most cases) an agreement where you accept the terms and conditions presented by the broker. Obviously, most people don’t read those T&C, which explains why so many people are being defrauded by binary options brokers without being able to do anything about it.
Luckily for you (and too bad for them idiotic scammers), this time they used our name, Anonymous, so we had to step in and present the truth as it is.
Remember, Anonymous Trader is a SCAM!
Do you have any information about the Anonymous Trader SCAM? Please leave a comment below and let us know. Moreover, we ask you to share this post on your favorite social networks in order to help us spread the word. Let’s put an end to this fraud together!
Now, that’s not to say that all binary options brokers are a scam. There are plenty of regulated, trustworthy binary options brokers. If you’re interested in day trading, don’t fall for any auto traders or account management scams. The only way to go would be to follow a trustworthy signal service.
Thank you for reading our Anonymous Trader review and we’re looking forward to hearing from you!