Is Terabit Trader a SCAM or LEGIT Auto Trading System?
Does Terabit Trader spark your interest into investing or making money online? Be CAREFUL of this offer as our research shows that Terabit Trader Software by Richard Heffner at terabittrader.com is a HOAX! In fact, the Terabit Trader is basically the return of an old scam, GPS Trader, and Safe Guard Trader! These three offers have a lot of similarities which provides illogical and dishonest information to newbie traders. Even more, Terabit Trader’s result and performance seem to be unfavorable to traders & testers as we noticed the high volume of complaints on this trading software. Please read before investing into Terabit Trader!
Terabit Trader Fraudulent Content and Lies!
To start with, we do notice the vast similarities between Terabit Trader and GPS Trader/Safe Guard Trader scam in terms of its misleading information. They are rather identical we would say, but amazingly, we found that all these frauds has the same spokesperson! Yes! Richard Heffner, the alleged CEO & Founder of Terabit Trader is coincidentally holding the same position in the other two scams! Hence, this shows that these hoaxes are actually a reproduction of themselves and Terabit Trader is presently the scam artist’s latest episode! Thus, re-branding Richard Heffner’s old scam certainly brings no surprise to its poor performance since its simply a resurrection of old lies!
The first noticeable red-flag for many scams is the guarantee of $20,000 per day profit within 24 hours! The aggressive sales presentation for Terabit Trader starts with the emphasis of showing its most recent members earning $20,000 within 24 hours and prompts viewers to sign up immediately. So, it resembles very much to a typical “Get Rich Quick” schemes that usually involves “too good to be true” profits or winnings! As a matter of fact, profiting $20,000 within the first 24 hours as claimed by Richard is impossible for a minimum deposit of $250! Let alone the figure itself is already unlikely, but the emphasis on the FIRST 24 hours makes it a HUGE lie!
Binary options trading is profitable, however, a more workable goal of profits per day would be 10% to 30% of account growth per day! Growing your account 80 times within the first 24 hours as asserted by this scam is highly unlikely. Any experienced trader can actually vouch for that fact! In addition to that, Richard’s success stories are also not trustworthy because there is no actual trade history and the declaration of “cashing out the money within the next day” is also false! Typical withdrawals in binary options trading require a few days of processing! Thus, another obvious lie!
100% Strike Rate and Impossible to LOSE?
Besides the above, the declaration of No Loss Software is yet another favorite trick scammers loves to trick innocent victims! Let us examine the truth of Terabit Trader’s Rapid Counter Trade (RCT) whereby Richard claims to be the key to the 100% win Guarantees! The RCT, the fantasized protocol that works with its Optical Data Transmission (ODT) utilizes the quantum data transmission to place counter trades to counter losing trades. Although this theory may work in conventional trading, it may not work in binary trading!
The reason for this is simply because binary trading has a fixed expiry and a lockout time to a particular trade. Hence, traders can’t place a counter trade in the “last second” before the trade expires for the same expiry time! So no matter how fast your connection speed is, traders will not be able to execute such a counter trade. Due to the lockout period which is usually 10 minutes before the latest expiry! In addition to that, these are no such thing as a 100% win software as well! The reality of trading is that loss is inevitable and scammers usually promise such blatant lie just to sound godly!
As much as the Richard attempts to prove that TerabitTrader is indeed 100% win software, there is zero genuine testimony in this offer. Take the mentioning from Jack Bogle from Vanguard Group and CNN Business Review supporting this revolutionary scam for example. There is no actual article or mentioning of Terabit Trader from either these two famous figures from the financial industry! Our investigation reveals the falseness of this testimony immediately!
Terabit Trader Conclusion!
With the evidence above, we conclude that Terabit Trader is a worthless SCAM that you should refrain from investing! These are no genuine and authentic information with regards to Richard Heffner’s presentation. Also, there are no actual success stories from Terabit Trader Software. Additionally, the typical scam tactics we observe in many scams are also employed here in this scam. Especially the over promising/exaggerated profit potential to appear as a “Get Rich Quick” opportunity and false testimonies! Misleading details of trading binary options by Richard Heffner adds to the list of red flags and lies!
Better Approach to Investing Binary Options!
We like to express our deepest thanks to reading our Terabit Trader Scam Review! This viral hoax is one of many scams which we have Blacklisted for obvious trading scam software preying on newbies. Do refer to our Blacklist before investing into any automated trading system! If you are interested in practicing a certain trading strategy, Test it on a DEMO account first beforehand! In the case of any trading software that gives signals, you could actually practice their signals on a demo as well if this is your first time trading!
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