Our team of experts made a study of this binary options robot and found that it does not rate high. Also, there is no significant information available about them.
Since there wasn’t enough data to analyse, our team cannot guarantee you that Success Trading Academy is safe enough to invest in. You are given the opportunity to Proceed to Safety OR Choose one of the Top10BinarySignals.com approved Binary Options Robots:
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What is Success Trading Academy?
Success Trading Academy allows investors to trade in the financial markets from the comfort of their homes. When investors become a member, they receive coaching calls from experts, trading courses and access to a fully automated trading robot.
They even tell you that Success Trading Academy is not only for experienced traders who want to enhance their income. Even beginners can sign up and become successful traders in no time. There are success stories published on their website on how some traders have attained financial independence after becoming a member of this training academy.
But there is no solid proof that any trader has actually benefited from this app. We find the information presented on their website to be misleading. Most importantly, this entire scheme doesn’t even look like a training academy where traders can fulfil their educational requirements. In the name of a training program, Success Trading Academy is just an automated robot that executes random trades and leads to losses.
How Does Success Trading Academy Work?
If Success Trading Academy was a genuine program, then traders could expect to receive one-on-one personal coaching over the phone as well as get access to a variety of courses and training materials. It was supposed to be an educational centre which investors could join and learn how to trade. By using this automated software, the entire trading process should have been hassle-free and extremely profitable.
But this scheme doesn’t work the way it has been advertised on their website. When traders complete the sign up, they don’t receive any personalized service. In fact, they are not put into contact with any expert or trainer. Traders are left to trade on their own using a software that generates trading signals randomly.
When taking a closer look at how Success Trading Academy really works, we were shocked to find that its operational mechanism is very similar to those scam services, many of which we have blacklisted in the past. What these kinds of programs usually do is that they promise great returns and payouts and entice traders into signing up with them. Next, they force traders to register with a shady broker and make a deposit of at least $250. After the deposit is made, trades will be executed randomly causing traders to lose their investment capital.
Is Success Trading Academy Scam or Legit?
One of the important questions that you must have in mind when looking for a trading program is “will the software connect you with regulated and reputable brokers?”
If you have made investments in the past, you must be knowing the importance of dealing with licensed brokers. Even if you don’t have any prior experience in trading, then you must always make sure that you partner with safe and trustworthy brokers. In the case of Success Trading Academy, traders are assigned unregulated brokers. Traders won’t know which brokers they are going to work with unless they sign up for this program and choose a membership plan.
Lack of transparency is one of the main problems that is common with these kinds of scam programs. It is a huge red flag that should not be left unnoticed when deciding whether to sign up for the system or not. Traders must always keep in mind that when they partner with an unregulated broker, their funds will always be at risk. In most cases, withdrawals are made complicated to prevent traders from getting their funds transferred. Another thing is that as a trader you will not be able to complain against them to any financial regulatory authority.
Another problem that we found with Success Trading Academy is that its developers are unknown. They have not even named a single expert they have on their team.
They have testimonials on their promo video and we can confirm that they have used stock images from the internet to make those testimonials. A simple Google search reveals where the images have been taken from.
The software that claims to train traders and help them enhance their profitability has actually been designed to make traders lose their deposit. The funds you lose are then shared among the broker and the people behind this bogus creation.
We are not going to recommend Success Trading Academy today because it doesn’t look like the software is legit and can assist traders with the investment process. In fact, there are several scam elements associated with this trading app and since the developers have very little to offer in terms of transparency, we can confirm that it is unreliable and unsafe.
There are better trading systems out there and we advise our readers to choose one of the reliable options instead of going for this shady scheme.
After making a thorough research, our team of investigators concluded that there are better signal providers than Success Trading Academy . We browsed the web and forums and found many traders that were unsatisfied with the performance of this signal provider.
We cannot confirm if this signal provider is legitimate or not, that’s why we recommend you to Proceed to Safety by choosing one of the High-Rated and Accurate Signals providers trusted by Top10BinarySignals.com