The TradeKing Auto Trader Review
One of the reasons that binary trading has become so popular is because it offers the potential to earn high returns with limited personal knowledge. The plethora of automated systems available can be confusing especially as many of them are simply scams. TradeKing Auto Trader is one of the older systems having been established for several years. Unfortunately this does not mean TradeKing Auto Trader is not a scam; read on to find out!
TradeKing Auto Trader – The Basics
Unsurprisingly the TradeKing Auto Trader software is provided free of charge. This is standard within the automated trading sector. The rate of return is declared as 86% and there is an impressive array of educational material on this automated site. This is a huge advantage to any trader; whether experienced or not. Good quality material can help improve understanding and strategy.
However, unlike many of its competitors, TradeKing Auto Trader requires you to deposit a minimum of $500 before you can access their facilities. This is particularly concerning as most of the brokers they insist you use are unregistered and not licensed. There is also a distinct lack of information confirming the company and no evidence has been offered to substantiate the suggested profits.
Using the TradeKing Auto Trader
You will need to register with TradeKing Auto Trader and provide all your personal details including financial data. The software will then allocate you a brokerage; this is when you will need to deposit your funds. After this has been completed you can start trading. It is possible to set you own parameters on the TradeKing Auto Trader site before leaving it to run automatically on your behalf.
Assuming TradeKing Auto Trader is not a scam you will be able to withdraw your profits in accordance with the broker’s terms and conditions.
Is TradeKing Auto Trader a Scam or not?
It is always difficult to state without contest that a firm is a scam. Is TradeKing Auto Trader a scam; quite possibly. It is advisable to use a more reputable service rather than risk your funds with the TradeKing Auto Trader software; there is simply not enough evidence to provide faith in the system.