Terabit Trader by Richard Heffner is causing quite a bit of stir among my readers, with 3 of them claiming to lose money with the software in the past 2 days. Upon close scrutiny, I’ve concluded that Terabit Trader is a scam.
If you are still considering to fund your account, make sure you read this Terabit Trader review before proceeding. In this case, it’s a good idea to keep your credit card in the wallet.
Name: Terabit Trader
Owner: Richard Heffner
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
– Richard Heffner is just an actor
– Terabit Trader wasn’t featured on CNN after all
– Terabit Trader uses fake member testimonials
– The software makes money from your losing trades
Terabit Trader Review
Terabit Trader exhibits the usual hypes that come with scams
Richard Heffner, the alleged CEO of Terabit Trader software claims that his software can make you $20,000 a day guaranteed, and he is giving away this ground-breaking technology for free.
Sounds suspicious? If you are reading this, you are right to be skeptical. Granted, Terabit Trader is one of the most exaggerated scams I have seen, but there are many other scams out there that promise to make you a couple hundreds of bucks per day.
Shun as far as possible when you come across internet opportunities that promise you these:
- Get rich quick within an impossibly short period of time
- Minimal effort and work is needed from you
- Works 100% of the time and guarantees your profits
Apparently, Terabit Trader scam exhibits all of these red flags, but these criteria applies for all the scams that you will see in the future.
These promises are targeted at victims who are always chasing the shining object and hope to get rich quick, and these are exactly the people that fall for scams time and time again.
Making money online takes time and effort, and it doesn’t come automated. Now that you have the correct expectation, let’s look at the evidences on why Terabit Trader is a scam.
Richard Heffner is a Professional Actor
Richard Heffner has been starred in 2 other scams
The alleged owner of Terabit Trader, Richard Heffner is actually a professional actor that was hired to promote binary trading software scams.
In each of these scams, he claimed that the respective softwares are the only auto-trader in the world that will make you a millionaire.
However, it has been proven in every case that the victims who bought into the scams suffer heavy losses to their trading accounts.
These binary auto-traders don’t work, but everyday there are new victims who buy into the dream of becoming an internet millionaire.
The next time you come across a binary trading software, keep your distance because nothing good will come out of it. It’s so risky that even Forbes advises us against gambling on binary options.
Terabit Trader Wasn’t Featured on CNN
Terabit Trader claims to have been reviewed by CNN
Below the sales video, there are a few news strips that supposedly show the positive reviews given by various financial authorities about Terabit Trader software.
One of these strips shows the review by CNN, who allegedly calls the software “The best auto trader on the planet” (see screenshot above).
Luckily, CNN website stores all their news articles in the online directory, and included a search function for us to quickly look for a keyword in their articles.
Terabit Trader was never mentioned in CNN website
I have conducted a quick search in CNN’s directories using the keyword “Terabit Trader”. If these keywords (case insensitive) has appeared in any articles on CNN, they will be displayed.
According to the screenshot above, it’s clear that the software has never been featured in any article of CNN website.
If you want to conduct your own search, click this link to go to the search results page at CNN website.
Terabit Trader Scam Uses Fake Member Testimonials
The members of Terabit Trader are non-existent
Towards the end of the sales page, there are a few member testimonials that seem to be giving highly positive reviews for Terabit Trader software.
I’ve had readers who fell victim to scams because they thought these member testimonials can be trusted. Little did they know that the testimonials can be easily fabricated.
The member shown above, Michelle J has been featured in the fabricated testimonials of several other scams:
The same picture was used in multiple other scams
In each of these scams, the same picture has been given different names. Obviously, the testimonials and profits attached to these profiles are completely fabricated, too.
The picture was stolen somewhere from the internet and has been circulating among different scams since.
All these evidences may not be immediately apparently for most uninformed internet users, but they stand out like a sore thumb for someone like me, who has reviewed more than 100 binary software scams.
Is Terabit Trader a Scam?
YES, TERABIT TRADER IS A SCAM. I 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!