"Bitcoin Trader" or BitcoinTrader website located at www.capitaltradersclub.com or elsewhere, which claims online users can trade Bitcoin, a cryptocurrency, using their custom trading software or app, is a scam. This is because no such software or app exists. The testimonies on the website are fakes, created to trick online users into signing up. Therefore, online users are asked not to register or invest in the bogus Bitcoin Trader trading software.
The BitcoinTrader's Website
Remember, the people behind the scam convince members into opening binary options trading accounts with a broker, which they will make a commission from every time those online users trade, whether they lose or earn money on their so-called investments, taking part in very risky binary options trading.
There is a lot of binary options trading scams online that are similar to the Bitcoin Trader trading software. All the scammers do is to change the name of the company and website, then they get actors to create an appealing video with rented luxury homes, cars, jets, which they claim they own, in order to convince viewers into believing in their scams.
What is Binary Options Trading?
Simply put, Binary Options trading allows you to basically trade by saying “yes” or “no”, and if you predict the right outcome you win a predetermined amount. If you are wrong, you lose your money.
Remember, the trading of binary options can involve overall market risk. In nearly all cases markets can and often times do move in various directions without ample warning. Although there are ways to predict potential market movements, even the most thorough of analyses cannot always accurately pinpoint exactly which direction the market will take.
Online users, the best way to get to know Binary Options trading better is by using a demo account. With such an account, you can trade under real market conditions without risking your own money. There are a lot of websites on the internet which allow you to set up a demo account. Just search for “open demo binary options account.”