Cloud Trader, found online at CloudTrader.co, is a new type of trading software available in the United States which promises people the ability to make more than $1,000 in profits each day, automatically.
This software has been designed to work with a binary options trading platform. Binary options is a type of trading which asks people to decide how the value of a specific stock behave in a specific amount of time, from as short as 60 seconds to as long as six months.
Cloud Trader is automated software, which means they are promising to choose the type of stocks you should invest in, and whether you should choose that the stock will move up or down in value, so that users can begin earning profits right away.
According to their website, Cloud Trader “will make you $1,250 every day starting now” which translates into this software promising to earn their users more than $450,000 each year, with little to no effort on their part at all.
To get started, customers will need to create an account with the binary options trading platform that this company has partnered with directly, and once you’ve made your initial deposit of between $200 and $250 you can begin immediately using the Cloud Trader software.
The website says that their software has the ability to operate at super speeds while still being “super cautious,” which results in their having a 100% “trading win record” that gives their users minimum earnings of $1,250 per day.
The Bottom Line
The real bottom line is that the Cloud Trader software is neither special nor unique. It is just another investment bot software in an industry filled programs exactly like it, which make the same ridiculous promises and are created by the same type of unethical companies.
Binary options trading – when regulated and monitored within the United States – is technically a legitimate form of trading. The problem is that companies like Cloud Trader have glommed onto this industry, making binary options nearly synonymous with the word “scam” because of their outrageous earnings promises that they cannot possibly follow through on.
The bottom line is that no company should promise people that they can earn thousands of dollars in one day with no time, effort, skills, or knowledge. It simply isn’t true; the reality is that binary options trading is like any other investment method, in that people with no knowledge of what they are doing are significantly more likely to lose their money than they are to make money.
Customers who are interested in binary trading would be much better off reading and studying this type of trading and working with a platform and a licensed adviser directly, than relying on one of these unethical “get rich quick” systems.