Bahama Banker - Scam Or Legit?
The binary industry is a rapidly evolving and changing scene which sees many new products appearing every day. Unfortunately, due to the success of the industry there are many arrivals which are only interested in separating you from your funds. It is, therefore, essential to review any software you are considering using to ensure it is genuine.
Who is Bahama Banker?
The Bahama Banker app originally hit the market in 2016; it has now been re-released with supposedly improved options and abilities. However, it would appear that much of this is simply hype and this could be just a Bahama Banker scam.
One of the warning factors and is one which applies to Bahama Banker is the lack of information on their site regarding the founders of the product or how it actually works. In addition they do not appear to supply any substantiated proof of their claims.
The Bahama Banker Approach
Creating an account with Bahama Banker is as easy as entering a few details onto their website. You will then need to a minimum of $250 to the affiliated broker; they will direct you to their site. At this point it is possible to access the control screen; where you will be disappointed.
There is very little to adjust on the app. Options available include the amount you would like to trade and the maximum number of trades you will accept per day. The only other option is to activate the software!
The fact that there is no historical display or ability to select your assets means that it is likely to be a Bahama Banker scam; there is simply not enough control to be able to assess the success of the transactions.
Indicators of the Bahama Banker Scam
Bahama banker has had a difficult path. The original software was launched as BahamaBanker.co. However, after a short period this was closed and 1K Daily Profit was created. Visitors and users were redirected to this app. However, this app has been shown to be a scam and was closed as well; leaving the door open for the same app to return as Bahama Banker.
To confirm that the Bahama Banker scam is just that, you will note that there is no option to log in to their software; once they have your funds they are no longer interested in you. In addition, they, along with many other scam apps will blind you with promises of extreme wealth. Of course; this wealth will not ever materialize for you!
A genuine app will associate with you a regulated broker, if they do not it is best to assume they are a scam and use an approved, reputable automated trading software instead.