A real scam: Star Wars Binary Bot of Allen Vader

Star Wars Binary BotWith the end of the year we have here a new binary options scam called “Star Wars Binary Bot”. It abuses the famous brand, it is presented by Allen Vader.

Vader says that he is a professional trader that used to work for big banks like Morgan Stanley or JPMorgan. He says that he has discovered a formula that can predict how the price of an asset will move, it is based on trading activity within so called dark pools.

According to Vader you can make thousands of dollars per day with the Star Wars Binary Bot.

Star Wars Binary Bot scam

First of all you can clearly see that Vader tells a fairy tale, he obviously knows nothing about trading. Because he is speaking about a “dark pool”, but in fact there are many trading dark pools that are independent (see for example here). Secondly Allen Vader does not even exist, it is a fictitious person.

Another thing is that using the Star Wars name and graphics clearly represents a copyright infringement, because Vader has no rights to use them.

What you can really expect form the Star Wars Binary Bot is written at the bottom of the page in their disclaimer: “ANY TESTIMONIALS AND EXAMPLES USED ARE EXCEPTIONAL RESULTS, DON`T APPLY TO THE AVERAGE PURCHASER AND ARE NOT INTENDED TO REPRESENT OR GUARANTEE THAT ANYONE WILL ACHIEVE THE SAME OR SIMILAR RESULTS. IN SOME CASES ACTORS HAVE BEEN USED. THIS IS A NEW SYSTEM AND ARE NO TYPICAL RESULTS. THIS PRODUCT DOES NOT GUARANTEE INCOME OR SUCCESS, AND EXAMPLES OF THE PRODUCT OWNER`S AND OTHER PERSON`S RESULTS DO NOT REPRESENT AN INDICATION OF FUTURE SUCCESS OR EARNINGS.”

How does this match with Vader’s claims about a system that is making a lot of money for a long time?

The truth

In fact Vader is just a scammer, he is affiliated with binary options brokers and is getting paid for every new trader that he brings to his brokers (Banc de Binary at this time). So he needs to persuade you to open a trading account with his broker and deposit at least $250, because this will earn him his commission. His worthless trading bot will then trade your account and lose your money. This is how binary options scams work.

But it does not mean that you cannot make money with binary options, it means only that you should forget about offers of trading bots that will make money for you. If you want to make money with binary options, start testing and building your own profitable strategy that you will trade yourself.

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Star Wars Binary Bot
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