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Social Trading

eToro Review, SCAM Social Trading and Forex Platform Or Legit?

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Welcome to our eToro social trading and Forex software official scam review and investigation. We have received multiple queries about social trading, copying trades, and following expert traders. So naturally we decided to take a look and examine this popular Forex trading platform to see what benefits it holds, if you can really make money through the system, and whether or not this system is genuine or just another financial scam which should be blacklisted. Our results may surprise you so keep reading to see if eToro steals your money or worthy.

Official Website, Login Page, & Members Area: https://www.etoro.com/

eToro Review: Executive Overview
With more than 4 million customers currently trading within their platform, it’s not hard to see why eToro is a big name getting lots of attention. Since its updated version was released in 2015, eToro has been gaining even more ground. With one easy to follow platform, investors can manage, trade, and broker all their investments from a single interface without having to sign up for additional services.

Who is Behind the Company?
According to Wikipedia eToro is a “social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom”.
It was founded in 2007 by the CEO Yoni Assia and David Ring and has around 350 employees across the world.

What is eToro & Does it Really Work
eToro is a social trading platform that has woven flexibility into the makeup of its system to ensure an easier, faster, and more streamlined approach to trading. Their system includes social trading, so even if you’ve never made a trade in your life or don’t know where to start, you can actually make money on the stock market by following social trends and industry experts’ advice on what to trade and when. As the world’s largest social trading network, eToro excels at giving everyone a fair chance to maximize their stakes in the market.

Transparency
eToro’s entire platform is built around making trading accessible to everyone. They’ve designed their system to be as user-friendly and transparent as possible. Terms are carefully explained, tutorials are readily available, and policies are straightforward and consistent throughout the site. What’s more, swap rates are regularly published on eToro’s site.

Built-In Strategies
In addition to the standard strategies available on the site, eToro has two unique built-in strategies investors can try:

  1. Market Copy Funds: This is a complex algorithm that builds off of themes and preferences traders set themselves. These run on auto-pilot (i.e. without human intervention) once you’ve set the preferences.
  2. Top Trader Copy Funds: This follows the top traders in the network and makes investments according to their patterns.

Robot Assets
Among other assets, eToro traders can invest in pairs and cryptocurrencies such as:

EUR/USD
USD/JPY
GBP/USD
EUR/JPY
AUD/USD
USD/CHF
USD/CAD
EUR/GBP
Ethereum
Bitcoin

Minimum Deposit and Trade Amount
The initial minimum trade begins at $50-$100, depending on which region you are trading from and the minimum initial investment (deposit) is $50.

Withdrawing Money
Cashing out is super easy. Once your account is verified and all documents have arrived you usually receive your payment in a matter of 3-5 business days.  To fund an account you can use most major credit cards including Skrill (Moneybookers), Neteller, Paypal, and Wire Transfers.

eToro Social Trading Detailed Review
The eToro site has incorporated a whole suite of tools specifically for beginner traders who haven’t gotten their footing in the market yet; tools like the preset leverage gauge will help beginners to understand the possible gains and losses of a particular trade so that the moves they make aren’t theoretical but can actually be seen in real-life terms. And while eToro designed its system with the new traders in mind, weathered pros have also found a comfortable place within the platform.

The eToro CopyFunds platform also allows traders to copy what they refer to as Popular Investors, another term for experts in the field. By following the trends and decisions of experienced traders, newcomers to the industry can make a profit without having to learn all the complexities involved. (Also, through the eToro trade copier venue, popular investors are rewarded for sharing their expertise, making this market an effortless second income for veteran traders.)

Another angle that new and veteran traders will enjoy is the live chat function. People can interact with expert traders and peers instantaneously through direct chat windows or public discussion boards to glean valuable, knowledgeable advice on what the best trades of the day are.

Regulation and Certifications:
Etoro is licensed and regulated in various jurisdictions.
eToro (Europe) Ltd., a registered Cypriot Investment Firm (CIF), business number HE20058 and also a UK regulated exchange and has”given permission to provide regulated products and services” according to UK law. US Traders are not accepted.
CySec: License numbers 109/10
FCA: License Number 583263

Simultaneous Trading
eToro is structured so that traders can have multiple trades running simultaneously. In fact, many copy trades are set up so that they can run for several days or weeks, so an investor can have multiple trades running concomitantly.

I Got Scammed Before – How’s This System Different?
Unfortunately, in the world of online trading many con artists operate freely. Fake apps are designed to look like legit trading robots, when in fact they are run by thieves who are just trying to steal your money. But with fake reviews, fake testimonials, and fabrications sprinkled across seemingly “honest review sites”, how can you tell what’s spam and what’s not? Here are a few things to look out for?

  • Complaints: While every business garners a few frustrated customers, if an auto-trader is getting an overwhelming number of complaints from users, it is a sign that this site should be blacklisted. Complaints include but are not restricted to any form of hyped-up or exaggerated claims of easy money, inflated bank accounts, misleading or deceptive information (false advertising), one-sided or irregular broker policies, and lastly customer service which is either unprofessional, pushy, or just insincere.
  • Fraudulent Software: The software does not do what the broker claims it should.
  • Unethical Affiliate Marketers: If someone is using very aggressive sales tactics, especially if your hear something like “make an easy million from the comfort of your own home”, it’s generally a sign that something fishy is going on behind the scenes.

Conversely, the best platforms in which to invest will offer quality services such as a demo account, transparent policies, and consistent answers/policies across the board. Look for these tell-tale signals along with accuracy levels as advertised to know where your investments will be most profitable. So while we know for a fact that there will always be con artists out there to make a quick buck at someone else’s expense, at times it can be difficult to spot. However, in this case eToro is a trustworthy platform and an exception rather than the rule.

Forex Robots
If you are looking for Forex Robots or EA’s (Expert Advisers) we have compiled a short list of two systems which are currently market leaders. The first is the sRs Trend Rider 2.0 By Vladimir Ribakov, and the second is Wall Street Forex Robot 2.0 Evolution. Both systems offer an amazing service and recognized as market leaders in the automated Forex trading niche.

Summary & Conclusions
The eToro social trading software and trade copier is a reliable solution that comes highly recommended by the vast majority of authority websites and blogs covering the social trading niche. There is a general consensus that after being tried and tested for quality service this platform delivers, and therefore should not be considered to be a SCAM or blacklisted. It offers an easy to use solution to the complicated trading market, and provides a wide variety of tools, advice, and information for both beginners and long-time investors. The eToro social trading platform allows everyone to take advantage of popular investors’ decisions, and makes the entire process smooth, simple, and profitable. With a mobile platform that is fully responsive as well, eToro certainly climbs to the top of our list for excellent trading robots software. For more information don’t forget to oin our Facebook Page and YouTube channel and get informed.

TNT Trading Software Review, SCAM TNT Social App Exposed

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The TNT Trading Software, fake Social App and Forex Robot by Greg Morris and Timothy Tibbits is a SCAM and in our fair and impartial review and investigation we will explain why we blacklisted it. Truth be said, this offer is very convincing which makes it that much more dangerous. The nature and severity of complaints we received immediately aroused our suspicions, and obviously we rose to the challenge and we able to produce conclusive proof and evidence of foul play. In effect, we revealed the real identity of Greg Morris and will expose him in the most transparent and factual manner. It goes without saying that there’s nothing legit or genuine about TNT Trading Software, and if for some reason you fell for this extremely deceptive and misleading scheme make sure you don’t reinvest and never agree to sign any documents. It seems a crafty group of affiliate marketers has decided to promote this offer and are engaged in heavy spamming activity. Make sure to avoid clicking on any links and try (if you can) to unsubscribe from receiving further communications. Keep reading to see who Greg Morris really is and how we were able to shed light and expose the real identity of these crooks.

Official Website, Login Page and Members Area: http://tnt-trading.co/lp.php

Proof of SCAM
In the image below you will see “Greg Morris” of the “Morris Law Firm” sitting next to Timothy Tibbits and saying that he is his attorney. I must say, adding the “business” section and trying to make it look more like news is very slimy and adds an additional layer of deception on what’s already a verified investment SCAM.

Here you will see the same Morris in a film debut with other B Movie actors. In real life he is an actor named Bob Olin and while he may seem a bit different with a beard, you will notice the same bone structure, receding hairline, and facial similarities.

If you needed more proof here it is. This screenshot is taken directly from the TNT Trading Software sales page. You can clearly see these profiles have fake statistics because the two first traders have a 999% profit (which is extremely illogical by itself), but even more so the success rate differs from 98.11% to 81.48% respectively. Now, you don’t have to be a math whiz to understand the numbers don’t add up and in effect what we are looking at here is a fraudulent trade copier or social trading app.

TNT Social Trading Software Review
The sales pitch starts off as Greg Morris introduces himself and his so-called client Timothy Tibbits, and then Tibbits immediately starts ranting about how he has used every system out there only to end up getting scammed and ripped off. Eventually we are guided into what is commonly referred to in sales terms as the benefit or what we stand to gain if and when signing up for this program. One has admit though, they are promising modest earnings of $200-$300 daily based on an initial investment of $250. So at least they are not telling you that you will turn into a millionaire overnight.

How Does the TNT Social Trading Software Work?
The presenter explains it as a software which monitors and analyzes market trends and conditions, and based on support and resistance patterns it is supposed to identify winning trades. It’s worth noting that support and resistance models are well-known so Tibbits is not introducing a novel concept, however as in real life things are not always as they seem and in order to really understand support and resistance strategies you would need to master the basics of Forex trading as well as understand other key elements such as money management, risk analysis, and spread trading.

Who Is Timothy Tibbits?
Tibbits is this owner and creator of the TNT Trading Software. He is a self-proclaimed avid day trader and supposed to be experienced since he was scammed and knows the ins and outs of online trading.

Reality Bites
The facts are simple and there’s no room for confusion or misinterpretation. Morris and Tibbits are both paid actors, and they perform at the behest of the promoters who are pulling the strings behind the scenes. We don’t see the usual levels of hyped-up claims, fake testimonials, or inflated bank accounts here but it’s still a SCAM and the actors are spewing lies so you should avoid it or end up getting your wallet fleeced. The narrative is very believable for once and they did a good job hiding the truth, but our staff is just to savvy and we found out they were up to no good!

Is it Free?
Actually it’s not so get ready to fork up at least $250. This money will be deducted from your credit card by slimy Forex brokers you are not even aware you have registered with.

Similar Viral Scams Trending
The hottest scams with the most complaints now are Tesler App and Quantum Code.

Fake Reviews
We did notice a few fake reviews that were published by so-called “ethical review sites”, but this is a travesty and they are getting bribed on the back end for referring customers.

Signals Versus Trading Robots
If you are not quite sure about how to proceed or which system is best for you, that’s perfectly normal. Our staff of dedicated researchers has done all the work so you don’t have to. Our recommended section contains a short yet tested list of consistent money-making machines, feel free to check it out.

Review Summary and Conclusions
The TNT trading software, fake social app, and Forex auto-trader by Greg Morris and Timothy Tibbits is blacklisted SCAM. We have seen these types of schemes before and we are not impressed at all by the lack of performance, transparency levels, and overall customer trading experience. If you believe this app to be legit or genuine then you had best be prepared to have your money stolen by thieving offshore brokers who are conspiring against you with scheming affiliate marketers. If you have any doubts and still wish to “test the waters” and fund a trading account, don’t ask us to help you get a refund as these brokers are very professional scam artists. As always, we invite you to join our Facebook Page and YouTube channel.

Social Trading, SCAM or Legit Way to Make Money?

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Social Trading on Forex Versus Binary Options: An Industry Overview and Analysis

As we surveyed the Forex binary options landscape for the past year looking for legit trading robots, copiers, social trading tools, and signals providers, we have stumbled onto countless scam systems and provided many exposing reviews. All of these fake apps and automated software providers keep boasting about impressive performance and accuracy levels that if real would put investors like Warren Buffet or Chris Sacca to shame. Needless to say most systems being offered these days are scams and worthy of being blacklisted for a variety of reasons. First and foremost because they are designed to steal money from traders (that’s you) by operating in cahoots with unregulated offshore brokers in what is referred to as a revenue or profit share scheme. The SEC, CFTC, AMF in France, ASIC in Australia, have all issued severe warnings and informed its citizens of the risks related to binary options.

Social trading is an excellent alternative to binary options trading robots (automated trading systems or auto traders) and a truly legit way to make money trading online!

It’s also known the securities fraud carries a large fine and prison terms in certain cases, however this does not deter various crooks from conducting their business in a less-than-reputable way. The recent closure of Banc de Binary has signaled to us that regulation is beefing up and the industry fat cats are staring to feel the heat as fines prompted by a lack of consumer protection have taken their toll.

Quick Update: We are not recommending Tradeo anymore since they have made it super difficult to register an account and get started trading. There is no possible way you can profit using their service since they are very slow to respond and do not provide effective customer support. Etoro is a better alternative and far more professional.

CySec which is considered to be the leading regulatory body in all matters related to binary options has taken a very proactive approach about enforcing its policies. Even more so, due to recent regulatory constraints some regulated brokers no longer allow automated trading on their platform. Banc de Binary ex-employees have told us that the combination of fines, tougher enforcement, and banning of trading robots are the main reasons why this broker has shut down its operation. In essence, the big binary options and Forex brokers have become a victim of their own success, and since they are the ones processing the most money the regulators turn to them to line their coffers and fine them for violations. In this instance we believe the lines have become blurred and putting regulated brokers out of business is detrimental and pushes the industry to operate illegally (but that’s a different discussion).

Market Makers Versus Electronic Communications Networks
In binary options most of the brokers are market makers, and this means they make money when you lose yours. In Forex this is not necessarily the case, as many brokers only provide the trading environment and collect a certain fee based on volume of trades executed. This is the case with Tradeo and Etoro, and part of the reason why we have chosen to focus on these 2 brokers (Tradeo is no longer recommended due to poor results).

Is Social Trading a Good Alternative to Make Money?
The short answer is a resounding YES! However, social trading in Forex, just like binary options or all forms of online trading is risky. Fortunately we have selected a couple of regulated Forex brokers specializing in social trading and are now recommending these platforms to our members and subscribers. Tradeo is a relative newcomer although we have tested this platform and it performs according to our expectations.

A few words about Tradeo and social trading. This platform is really about “the wisdom of the crowds” and sharing information. For example, if you see a certain trader is getting a lot of positive feedback on his trades, chances are he knows what he is doing. So the obvious next step would be to select the number of lots which is the measurement of units you wish to trade, choose the stop loss feature as a form of risk management, and click the copy button.

It’s super easy and and the best thing about it is that you have thousands of traders just like you to talk with, share your experience, and help improve your performance.

The two screenshots (above and below) show how the actual copying is done. After funding a trading account you simply select the “traders” option in the scroll down option and after you are satisfied with their performance you can copy their trades. The statistics and performance levels are totally transparent and for everyone to see. In fact, you can start trading and making good money almost immediately.

The educational center is also very informative and they teach you exactly how to copy traders. The stats and charting features are also very impressive, however they are just a means to validate trades and check on the trends. It is not a requirement to know how to interpret the signals, you simply need to know which trader to copy and let the system take care of the rest. The minimum deposit on Tradeo is $250, which is an acceptable amount according to industry standards.

A Few Drawbacks
The first drawback has to do with the fact that the broker is also providing the trading tools and social signals. This means the broker is not just providing the trading arena, it’s also gathering other traders in the platform and based on their actions it is understood that you will execute trades. There is no reliance on 3rd party software which could actually assist you in some cases, and this means all the power is concentrated in their hands. To be specific, if you could use a Forex EA (expert adviser) then you may be able to achieve better results. In this case, you are using their trading solution and confined to a certain set of operative actions. However this is dwarfed when compared to the risks taken when trying out a new and untested auto-trader.

Excluded Countries
Unfortunately traders from the USA, Canada and Australia will not be able to trade on Tradeo. Our Australian and Canadian (Quebec excluded) subscribers can signup via Etoro, and that platform operates much in the same way and is also regulated by ASIC. US and Quebec residents are welcome to read our Option Robot review.

The screenshot below tells the story, simply select “copy people” and you are on your way. The execution is also fully automated and after you select the amount you wish to risk and invest its basically on autopilot. You can always stop it and choose to copy another trader. You can also build a portfolio of traders you wish to copy and the software will take trades according to the first on the list.

Can You Really Make Money With Social Trading Or Am I About To Get Scammed?
The short answer is you can profit for sure, however you have to understand who to copy and how to control your budget. We have actually contacted the staff and the answers we received were on point. The minimum deposit is now $200 on Etoro and they have to verify your account for regulatory reasons. The educational section is also extremely advanced and we found the customer service to be both courteous as well as professional.

Our Recommended Signals and Trading Robots
If you still want to try out a good auto-trader simply refer to our recommended section. We have actually tested most of the trading robots and these are the ones that always come out on top.

recommended systems2

Review Conclusions and Recommendations
When it comes to social trading versus binary options there is some confusion. Binary options brokers have a feature called “follow me”, which is supposed to mimic real social trading. In reality it has nothing to do with social trading and everything to do with getting customers to trade regardless of what the outcome is. We have received various complaints about the follow me feature and questions as to how this really works. Naturally we are skeptics and started to dig in deeper, our findings indicate a clear pattern of deception so we do not recommend you use this feature. Instead if you choose to trade manually it’s best to have a strategy in place and start looking at charting tools such as candlestick charts and bolinger bands. In short, if you have had it with auto-traders and are looking for a legit way to profit online, we highly recommend social trading on regulated platforms. If you are US or Canada based please contact us for alternative solutions. As always, if you have any further questions or dilemmas feel free to contact us through our Facebook Group or YouTube Channel.