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Wealthy Trader - Nothing But Losing Trades? Another Binary Options Scam? Find out the TRUTH in my Wealthy Trader Review!
What is Wealthy Trader?
That was the first question that came to my mind when I heard about it in an affiliate forum.
Well, after visiting the Wealthy Trader JV Site I confused and was thinking well, who or what the HECK is wealthy trader REALLY.
Usually an affiliate page has some basic info about the product, in this case a binary options product.
On the Wealthy Trader JV page I saw this:
Welcome to the JV area of one of the most exciting services on the market; WINNING "MONKEY" ONLY. Winning "monkey" stuff?? This is called the wealthy TRADER...they must have forgotten to remove this sentence and it relates to another product or service...maybe not?
Next comes some info for affiliates. still nothing that helps writing an unbiased wealthy trader review
We've extensively tried, tested and tweaked the wealthy trader sales page to ensure the highest possible conversation rate, which means big BIG money for you (the Affiliate, not YOU as a binary options TRADER)!
Here is a screen shot of the Wealthy Trader "Binary Options" JV site:
Ok, I guess sales and affiliates first, Traders?? No Money for you as a Trader so far.
I could easily finish the review right here since I have a feeling I might not find much positive and might as well conclude this review...
Wealthy Trader Review - Conclusion #1
Wealthy trader is designed to make money for affiliates, NOT for binary options Traders.
But...I am not going to really finish this review just yet, stay tuned for Conclusion #2. We know from the wealthy trader sales page and emails that this has something to do with binary options ...excuse me "Wealthy Trader uses a unique sales pitch in order to get you, the trader to signup for yet another binary options broker account" so the affiliate and the people behind wealthy trader make money.
Please note that this review will be continued...but keep in mind that sometimes the first impression should give you enough information to NOT consider using wealthy trader.
Wealthy Trader Review - Part #2
Binary options Signals Software Review - Sales Page
The wealthy trader sales page http://wealthytrader.co/ - the page you as a trader are supposed to see makes it very clear that wealthy trader is yet another binary options signals software that you can try for free.
Wealthy Trader Profits
As you can see in the screen shot below there are several binary options trades listed, they were all profitable winning trades at the time I shot the screen hot ( Let's say this was a coincidence). The total profit shown here, based on the trades fome the wealthy trader binary options signals was $17150 (according to wealthy trader profits)
Wealthy Trader Free Trial
If you never went to such a sales page you would probably expect to get access to the software once you submit your name and email in order to active the free trial of wealthy trader.
In order to boost your confidence in the binary options signals software the form also makes you agree that you are becoming a Wealthy Trader Beta Tester and that you are allowed to keep all the profits you make as a trader.
Guess what comes after you hit "give me access" to the wealthy trader free trial - most likely a broker screen where you MUST sign up AND deposit actual money in order to use the software or even before you can download it. Assuming it is an actual download and not a web based binary options signals service.
So here is exactly what happens when you submit your name and email and click" give me access.
You get instant access to the "member area". This is GREAT!
BUT... you will quickly realize that this so called member area has nothing but info on how and why you need to open an account etc. They even recorded a video that shows how important is is for YOUR success to sign up with the "right" binary options broker etc. Of course this is the right one for them, the one that gives THEM the highest commission after YOU fund your account.
Wealthy Trader Member Area
More binary options broker instructions in the member area:
Step 1: To get started you need to fill in the form below, this will create your WEALTHY TRADER and account with the best, most recommended broker Options Area.
Step 2: Deposit any amount you like into your brokerage account. These is your money that you can withdraw at any time (according to wealthy trader). What you need to realize is that this is RISK money you might lose.
Step 3: Your broker account will automatically activate it self to our WEALTHY TRADER to trade and you should see a decent chunk of results per trade.
Step 4: If you follow instructions, You will see a full time income profits using the WEALTHY TRADER. (that's a bold promise, no legit company could make these promises and certainly not post this without a disclaimer - which I could not find)
So again, they are trying to build additional confidence here and even make kind of a guarantee here that you will see profits if you follow the instructions. The instructions should be simple. I never heard about one SINGLE case where a user lost because he made "mistakes". It is usually the quality of signals that makes you lose or perhaps some manipulated prices. I say perhaps because I really don't know much about how binary options brokers operate internally.
You can see that the sales page give you a completely different impression than the affiliate page. In fact they DON't want you to see the affiliate page as a trader for obvious reasons. You will also NOT find a link to the JV page on the sales page.
These are better for YOU as a trader...
Do NOT trade binary options with money you CAN NOT afford to lose!
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