GPS Trader promises very high and quick profits to traders. But does this Forex Robot really work or is it a Scam?

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Our Robot Testers made a research of GPS Trader (recently released as Global Investment Satellite) and found out that this Forex auto trading software does not rate highly in Google Trends and there is no significant data about them. As an alternative we have selected our Top Safe Forex Auto Trading Systems along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that GPS Trader is safe. You can Continue to Trusted Robot Site OR Choose one of approved and safe trading applications:

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What Is GPS Trader?

We have made a review of GPS Trader and found out that they do not rate highly in Google Trends and there is not enough information available for them. (see the below graph according to Google Trends). As an alternative we have selected our Top Forex Robots along with detailed reviews for safe and secure trading.

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Is GPS Trader (Global Investment Satellite) a Scam or Not?

The latest addition to the Forex industry is the GPS Trader – a trading bot, whose founder and CEO is Richard Heffner. In the introductory video we heard some very interesting things about the software and some big claims have been made. Since it is so hard to find a system these days that traders can trust, our team compiled the following review after making a thorough investigation on GPS Trader so that we can inform you whether or not its a scam.

Is GPS Trader Trustworthy?

Despite the fact this software is fairly new we can issue a conclusive verdict on GPS Trader’s legitimacy and it is negative. Heret here is what we found about the software and its creator. Richard Heffner is a former system developer for a global satellite positioning company, called Garmin Limited. He has lots of years of experience in his field and approximately four years of experience in trading Forex and CFD. And he makes a compelling explanation on how the software works.

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This, on one hand, makes us think that GPS Trader has legitimate origin but we were unable to find enough information on Richard Heffner and the software as a whole, so we can confirm at this point that GPS Trader is fraudulent product. We would advise you to choose an approved trading bot for your needs and not risk it with such a scam system.

Price

The software is offered for free but it has limited accessibility. We find this a little bit suspicious since a lot of scam systems create this false exclusivity about themselves to lure traders into sign up.

Also, the broker they recommend is not one we think very highly of and we are not convinced of the quality of the trading experience offered by GPS Trader and the broker its compatible with. The minimum initial deposit you have to make in order to be able to start trading is $250. After the limited free spots run out, the GPS Trader software will cost $9,997 to set up and is going to charge $1,997 monthly administrative fee. Our team finds this a bit excessive.

How Does GPS Trader Work?

GPS Trader is a “set-and-forget” Forex software. It runs on complete autopilot. You download an app and when you start the AutoTrade mode, the software is linked to the mainframe of supercomputers around the world. GPS Trader uses sophisticated satellite communication and positioning technology to monitor world’s financial markets and the changes that take place 24/7. It analyzes tons of historical data for the purpose of generating signals on which it then places trades.

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Richard Heffner claims 100% accuracy of the software and adds that it is 100% risk-free. According to the creator, GPS Trader is able of generating $20,000 per day. At least this is said in the introductory video. But on the landing page it says $12,000 per day. So which one is the truth? Either way, we find this hard to believe. Such big claims are usually made by scam trading bots, but due to the lack of enough information we can only assume that this is false as well.

Final Words About GPS Trader

For the safety of your funds, the smart thing is to opt for a trustworthy Forex robot. GPS Trader, the same as the Global Investment Satellite, is nothing more but a new scam released to the industry. And since we have our reasons to claim this statement about GPS Trader and to think that it ise a scam, be patient and do not make a rash decision but continue seeking for a really reliable and authentic trading platform.

Conclusion

high_risk_stamp_top10_BRAfter making a detailed investigation our team came to the conclusion that there are better Forex to trade with than GPS Trader. We cannot confirm whether GPS Trader is a scam robot or not, but upon investigating we found a lot of traders’ comments and complaints about the performance of this Forex robot and we don’t have confirmation that it can achieve the profits advertised via email.

We recommend you to Continue to Trusted Forex Robot and avoid scams by choosing a High-Rated and Trusted Robot on Top10BinaryRobots.com

 

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