Google Trader is a binary option robot that promises a huge daily return at zero percent risk. The platform claims to apply top algorithms based on Google to gather and execute trading signals. However, InsideBitcoins investigation confirms that Google Trader is a scam. Consequently, you will lose money if you deposit with this platform.
In this review, we will look at the red flags that show that Google Trader is a scam. We will also look at the top signs of a legit trading robot and recommend some legit robots. Keep reading or click the ‘trade now’ button below to go straight to a legit robot.
Is Google Trader Legit? No!
What is Google Trader
Like most scam robots, Google Trader targets naïve beginner traders. Their marketing approach is largely emotional. The stories on their website and those shared by their affiliates are about people who were living in squalor before stumbling on the app. These stories are common with most scam robots.
When a trader deposits money with Google Trader, it goes to straight to a sham offshore broker. The broker then shares it with the scammers behind the platform. While this is happening, the trader is redirected to the fake web-trader where they are lied to that their money was lost during live trading.
As mentioned earlier, one way to determine if a trading robot is legit is by determining if their partner brokers are legit. It is not possible for a scam robot to partner with a legit broker. If the broker is a scam, the robot is a scam. InsideBitcoins investigation also analyzes robot brokers to determine their legitimacy. Read our comprehensive Trade Unity review for a legit binaries options robot.
How does the Google Trader scam work?
Google Trader claims to apply an algorithm based on Google to identify trends in the market and derive trading signals. They claim that once their algorithm identifies a signal, an alert is sent to the trader asking them to apply the given strategy.
However, our investigation shows that this platform does not have such technologies. Traders who fall for the Google Trader scam end up losing money. Moreover, if this platform was what it claims to be, it would still be unsuitable for most traders. This is because it claims to be semi-auto which means that traders must understand trading lingo to use it.
Legit robots have verifiable technologies with a proven track record. Additionally, they are open to an in-depth discussion of the generalities of their technologies. Scam robots, on the other hand, make claims they cannot verify and are dodgy on questions that might bring out the truth.
Why Google Trader is a terrible scam
InsideBitcoins investigation confirms beyond doubt that Google Trader is a scam. Our conclusion is based on a live test and also a rigorous analysis of feedback from other users. The live test involves depositing $250 and participating in live trading. We lost the whole deposit in less than 5 hours with Google Trader.
Further investigation shows that the majority of people who try this platform make losses in almost the same frequency. This can only mean that their web-trader is fake. Scam trading robots are known to present fake trading platforms to give traders the illusion of live trading while their money is getting stolen.
A close look at Google Trader also reveals that their partner brokers are a sham. The characteristics of a scam broker include lack of regulation and transparency. We could not verify the legal registration and physical location of all brokers listed as Google Trader partners. Furthermore, all of them appear to operate in countries without proper regulatory infrastructure.
When choosing a robot, it is always important to ensure that their partner brokers are well regulated. Without regulation, you have no guarantee that your money is safe. Most regulators require the broker to segregate deposits and adhere to strict reporting guidelines. Deposit segregation prevents the broker from using your money for any other purpose other than the intended one.
Is Google Trader safe? No!
Legit robots are likely to take security the necessary security measures to ensure that users are safe. Scam robots, on the other hand, do not pay any attention to the platforms’ safety. Furthermore, they are likely to expose users to more harm by selling their data in the black market. InsideBitcoins takes into account a myriad of factors when determining if a trading robot is safe. These include;
- Website and web-trader safety
- Billing information safety
- Data sharing and password policy
- Users feedback on safety
Our review of Google Trader reveals that it is not safe. Firstly, their website and web-trader lack encryption. This means that hackers can intercept the traffic in and out of the platforms and copy sensitive data. Even worse, Google Trader platforms keep moving from one domain to another. Currently, their domain redirects to a scam advertising platform. As mentioned earlier, there is a high likelihood that this platform will infect your devices with malware.
Secondly, they appear to share users’ data with third-party scammers. People who sign up with this platform report receiving a lot of spam emails and calls from offshore brokers. Scam robots are known to sell users’ sensitive data including billing information to scammers including hackers.
We can confirm that all the robots in our recommended list are fully secure. Some popular robots such as Bitcoin Rush apply military-grade security measures to ensure full users safety. Read our Bitcoin Rush review to learn more.
Should I sign up with Google Trader? No!
How can I identify a scam robot?
Most scam robots are easy to detect especially for the trained eye. Some of the things to look out for when determining if a robot is legit include transparency, reputation, safety, and customer service. When it comes to transparency, legit bots must disclose information about their partner brokers and their regulation. They must also provide information about the robot founders or founding company and its qualifications.
Regarding reputation, they must have a generally positive users’ feedback. Likewise, they must have a readily available and helpful customer service. InsideBitcoins takes into account these and many other factors when determining the legitimacy of trading robots. From our investigation, Google Trader fails in all our legitimacy metrics meaning that it is an outright scam.
Is Google Trader legit? The Verdict!
Google Trader is a terrible scam and we suggest that you stay away from it. This platform does not have any trading technologies and does not participate in live trading. All deposits made through Google go to scam offshore brokers who in return pay a commission to the scammers behind the platform. Further investigation reveals that Google Trader is not safe. There is a high likelihood that they will expose your personal data to hackers and other scammers if you sign up with them.
We recommend that you try Haasbot, a legit auto-trader that guarantees a daily return of up to $1k from a deposit below $500. InsideBitcoins has tested this robot and proven that it is legit. You do not need any specialized skills to trade with Haasbot. Click the ‘trade now’ in the table below to get started.