This article is going to be a review of a newly released binary options auto-trading system that is called Satellite Trader. Its creator is Richard Heffner and the facts show that this is actually a re-branded old robot, called GPS Trader.

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In fact, even the promo video of the new platform is the same as the one of the old software. Considering this disturbing information, we would like to advise all our readers to avoid dealing with it and to Proceed to Safety .

 

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What is Satellite Trader?

This binary options trading technology is said to be constantly monitoring the world’s financial markets, by using satellites. Its main ability is to speed up the transfer of trading data by 94/100ths of a second. The expected results are that normal people are given the best trading signals in order to turn them in consistent daily profits. The promised profits are of about $850 per hour or $20,000 per day.

Mr. Heffner, tells more about the product during the promo clip. The interesting fact here is that he doesn’t call the system with its name Satellite Trader, but with the name of the old similar system, allegedly created by him – GPS Trader. He explains to the people that the system is a result of his previous professional experience as a worker in the largest GPS manufacturing company in the world. This, he has been able to gather the needed knowledge to create a binary options robot with a high winning rate.


In our opinion, these promises and statements sound too far-fetched as it is not possible for any binary trading platform to earn so significant profits to its users.

How Does Satellite Trader Work?

The platform is supposed to automatically seek profitable opportunities and place winning trades, thanks to the fact it works with a Global Positioning precision. This is how the average online investor should be able to accumulate significant daily profits on regular basis. Furthermore, there is an insurance that everyone’s funds are protected thanks to some new fail-safe mechanisms. The bad thing here is that none of this stated information can be confirmed by anyone, as there are no users’ testimonials available online.

Is Satellite Trader a Scam Binary Robot?

After a detailed investigation, we can say that according to us dealing with Satellite Trader binary options system is not safe and therefore we do not recommend it to online investors. Still, the available information we managed to gather is not enough for us to say for sure that it is a scam, but despite that, we advise you to avoid any near contact with the robot, as it is dangerous to your pocket.

The most concerning fact about the system is that it uses the promo video of an old platform. Even the name isn’t changed which makes us believe that the developing team behind this whole product just want to take people’s savings and disappear.

There is also no solid ground that proofs the legit and reliable origin of the robot. To sum it up, we don’t believe that Satellite Trader is able to deliver you any profits, so you should treat it as scam.

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Final Thoughts

Given the information and all the disturbing facts we were able to discover about Satellite Trader, we are more inclined to be skeptical about its reliability and authenticity. There is nothing to prove to us that the system is a stable and solid income-generating platform, so we think that traders should not work with binary trading products like this one. They should find online investing software that is proven to work and popular among the trading society.

Conclusion

After making a thorough research, our team of investigators concluded that there are better signal providers than Satellite Trader . 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

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Aaron

Aaron

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I am Aaron Daughtry and this is my blog about Binary Options Brokers, Signals Providers and Auto Trading Systems.
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