In this post, we would like to share our opinion on a recent binary options automated trading system that claims it can make you rich. The binary robot we are talking about is called Glory Trade. Generally, binary robots are created to generate money by opening and closing trading positions on their own. This is done with the help of complex algorithms and by applying the automated trading mode.

However, it doesn’t mean that every binary robot advertised online can generate profits. In fact, the reality is that most of the binary trading systems available on the Internet are scams. To avoid unpleasant situations, we help our readers differentiate the scam services between the trustworthy ones.

What is Glory Trader?

As we mentioned above, Glory Trader is a binary options trading system that can operate in the automated mode. We have found on their sales page a video clip with testimonials and stories with traders who claimed they could generate $2000 daily profits with it. Well, we will be straightforward – $2000 per day for a beginner seems to be unrealistic. We think these figures are too exaggerated and find it suspicious that Glory Trader applies such marketing tricks.

We don’t believe the testimonials are true and we don’t believe this binary robot can achieve such results. When we hear such groundless claims that you can become a millionaire simply by registering this system and making a deposit, we cannot ignore it and want to alert our readers to avoid these services.

We still cannot prove that Glory Trader is a scam since we could not collect palpable information, but one thing is for sure – this binary robot looks very unsafe.

Screenshot

How Does It Work?

Unfortunately, we could not find detailed information about how this system actually works. We don’t know what kind of algorithms it uses, if there is any of them, and what kinds of strategies it can generate.

The good news is that you can register it for free. Later on, you will have to deposit funds with one of their recommended brokers.

As discussed above, Glory Trader has the autopilot mode, which suggests that it can trade on its own and you can enjoy your time. The automated mode is great for beginners who don’t really know how to trade and for experienced traders who are busy.

In order to get started, you will have to go through three simple steps. First of all, you will have to complete the registration page with your personal data like the email and name, which is very easy. We don’t know how safe your personal data will be after the registration procedure. One you’re done with it, you will have to choose a broker from their list and make a deposit of at least $250.

It is worth mentioning that none of their broker seems to be safe and regulated, which is an obvious drawback that speaks against this binary robot.

Anyway, a trader can start his trading activity after making the deposit with one of their brokers. The final step would be to withdraw money in case there are some profits. However, we have found that many people had troubles when trying to apply the withdrawal procedure. We think that you won’t get to this step since avoiding it from the start would be a much better idea.

Conclusion

After making a detailed research on Glory Trader, we concluded that this binary trading system is not a reliable service. We recommend our readers to deal with a reputable binary robot that has at least some years of experience in the binary industry.

Glory Trader does not have special features besides its basic functions of sending trading signals and executing trades in the autopilot mode. We don’t think that trading with this binary robot will generate profits.

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