Globe Traders software found at globetraders.co promises to make you up to $8615 per day, but they can’t be trusted – because Globe Traders is a scam! Do yourself a favor and read the full Globe Traders review as we expose the lies you’ve been told.
Name: Globe Traders
Owner: George Proter
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
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Globe Traders Review
Globe Traders is a scam
As soon as you enter the home page of Globe Traders scam, you will see a big headline that claims Globe Traders algorithm WILL generate up to $8,615 a day on full autopilot.
Stay vigilant and don’t be fooled, because this headline is just a marketing tactic used to grab your attention and make you watch the sales video.
It’s in the sales video where the scammers try to brainwash you.
Did you notice how George Proter, the alleged owner of Globe Traders scam started the video with pictures of luxurious lifestyle – sports car, big residence, and dreamy vacations?
He’s feeding your imaginations before suggesting that you can have all these with his Globe Traders software, it’s a subtle yet effective marketing tactic.
They’ve even provided a slider to “calculate your daily profits”.
Again, this is a tool used to incite you, because nothing is guaranteed when it comes to Globe Traders scam.
You’ll find out in the rest of this review.
Globe Traders is NOT a Registered Company
In the sales video, George Proter claims that Globe Traders is a registered investment company, but we don’t see them in the news or advertisement because they operate by invite system only.
To verify his claim, we have to determine the location in which Globe Traders was based.
We consulted the whois information for the location of Globe Traders IP address.
We ascertained that the IP address of globetraders.co originate from Washington, U.S.
Then we searched the U.S Securities and Exchange Commission (SEC.gov) for company filings.
If Globe Traders is really a registered investment company as George Proter claims, we would’ve found it in SEC website.
The result? We did not find any company with the name of Globe Traders.
You can try searching for it on SEC website if you want to verify it for yourself.
And the new regulation that requires investment companies to have at least 300 clients? It’s bogus, too. There’s no such regulation in binary options industry.
Globe Traders Scam and Fake Trading
The trades you performed are fakes.
I’m sure you have played around with the free $50.00 that George generously provided to test out his software.
Once you turn on the auto pilot function, you see your account grows from $50.00 to $250.00 in just 3 minutes.
Remember how George told you the profits you earn from this $50 is yours to keep?
Taken from the FAQ section of Globe Traders scam
You were even told that the profits you make from this short exercise will be ready in your trading account when you sign up.
This is what happens when you really sign up:
Where are my previous profits?
(click to enlarge)
When you create a broker account with them, you will realize that your balance starts from 0.
Where are the profits I made from the 3 minutes trial?
Apparently, the trades performed during the 3 minutes trial did not happen at all.
It’s just a computer simulation used to deceive you. No matter how many times you try it, you will always get the same end results.
Not only that, you will need to deposit at least $250 from your own pocket before you really start using the software.
And this is where the scammers make money off you – they siphon away your deposit and gives nothing back.
What Globe Traders Scam Doesn’t Want You to Know
Globe Trades scam has some secrets hidden in the disclaimer
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Even though George Proter repeatedly promised you that the profits you will make from his software are guaranteed, he has some dark secrets hidden in the disclaimer, after all.
You won’t find this document anywhere in the sales material, because it’s supposed to be hidden from you.
The only place you can access it is through a very small fine print that reads “disclaimer”, hidden at the bottom of the sales page. 99% of victims won’t even realize it’s there.
You can verify the terms we have quoted at this link: globetraders.co/disclaimer. I’ve underlined the important terms in red, but let me interpret them here.
- Due to the high risk nature of trading, ‘Globe Traders” explicitly does not make any express or implied warranties or guarantees that user will make any profit or that user will not lose any or all deposited investment funds.
- Trading in binary options is very speculative and highly risky… only for those investors who… are financially able to assume the loss of their entire investments.
- Only for those investors who… have the knowledge to understand binary options trading and the underlying assets and markets.
We can understand a number of truths about Globe Traders scam just from these few terms alone:
- Self explanatory – Contrary to what they promise in the sales materials, Globe Traders scam does not guarantee you any profit. Not only that, you will most likely end up losing ALL your deposited investment funds.
- Again, Globe Traders scam admits that trading binary options is extremely risky, and it is only for investors who can stomach the loss of their entire investments.
- Despite promoting the software as fully automated and no experience needed, somehow it is only suitable for investors who have the knowledge to understand binary trading and its underlying assets.
It’s very obvious that the scammers behind Globe Traders scam are trying to escape from the blatant lies and fake promises they have given you in the sales materials.
Taken from FAQ section of Globe Traders scam
Compare this guarantee given in the FAQ section against their own disclaimer.
Can you see how they are trying to deny the promises they have given by using the legal document (their disclaimer)?
Even if you lose all your investments with Globe Traders software, you can’t take legal actions against the scammers, because it’s written in the disclaimer that they do not guarantee your profits.
Is Globe Traders a Scam?
YES, GLOBE TRADERS IS A SCAM. We strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!