Pattern Trader With G8Investing is a Total Scam

Laura asked 3 weeks ago

So I signed up for Pattern Trader, and they created a trading account for me with the binary options broker called G8Investing.

When I look at the terms and conditions page at G8Investing it says that if you use an API automated trading system (which is exactly what Pattern Trader is) they will cancel your profitable trades.

Here is the full text:

7.3. When the Company has reason to suspect that the System was abused by you or that you have used some means in order to affect or manipulate the System in general or the price of a specific Contract in particular. For the purposes of these terms of use, ‘abuse’ shall include but shall not be limited to the use of unauthorized automatic or semi-automatic trading systems that are installed within your browser or on your computer that require no human action to perform will be treated by the Company as a backdoor API system and can lead to a closure of the account or to a cancellation of the trades executed by these means.

I have tried out a bunch of these binary option auto trading software, and I must say that most of them are scams.

Your robots page is interesting, and I will have a look at some of them.

Thank you!

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1 Answers
Scam Option Brokers Staff answered 3 weeks ago

Hi Laura,
 
That was some great detective work you did there. Hopefully you just saved a naive trader a lot of money and heart ache.
 
Check out the best brokers page, and choose a good binary options broker.