CloudTrader.co Review – Is it a scam?

Cloud Trader of CloudTrader.co is an investing software specifically created for those into binary options trading. Binary options is a form of investment on which you will be asked to predict whether the price of a specific stock will rise in value or fall. You will only make money once you make the right prediction. Cloud Trader claims to help you choose the right option without any effort from you at all.

More about Cloud Trader

According to its page, Cloud Trader can help you make $1,000 a day without you exerting any effort. With the way it describes how it works, it sounds like it works on autopilot. While this may be good news for lazy traders, it can raise the red flag for those who have been trading for some time in binary options.

In order to have profitable trades in binary options, you need to consider a lot of things including the local and international markets. You also have to read about certain companies and news that affect their progress. Hence, it isn’t advisable for new traders to jump into this kind of software without full understanding on how binary options work.

Final thoughts on CloudTrader.co

Once you decide to use the software, you will be directed to their recommended trading platform on which you have to pay $250 as a starting investment. It seems like they are an affiliate of a certain platform on which they are paid for every person they refer.

Cloud Trader’s income claims sound too good to be true. Hence, it’s better to spend your time, money, and effort studying how to make profitable trades in binary options than relying on software like Cloud Trader.

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