10 Day Social Profits is a newly released piece of software looking to capture the eye of binary traders. The question is, is it a scam or is it legit? Letβs take a lookβ¦.
Now, I have to admit that 10 Day Social Profits has confused us a little! The initial claim on the opening page of the website is that the software carries a 97.3% signal success rate; I find this a bit of a bold claim. They then claim you can make over $800 each day; this amount is totally feasible! Then the video starts with what seems to be paid actors giving testimonials on the success they have had with the software. This usually puts me off, but keep reading.
10 Day Social Profits was created back in 2009 when Charles Peterson and his team started to develop this software that reads and analyses the trades of expert traders around the world.Β There are no claims that the software will make you rich overnight, or a millionaire in six months, which is always a good sign; so for the moment, we will just overlook my dislike for dodgy looking testimonials due to the good reports I have been hearing about this.
10 Day Social Profits offers you the software free for the first month and they offer email and telephone support to all members throughout the time that you trade with them, not just your first week or month.Β The second and third videos are from Charles Peterson, or should I say an actor playing his part. He tells us about the software and that they use a five star broker; now, although the software is free, as usual you will have to make the minimum deposit of probably $250 via the broker to βunlockβ the software.
Although there is mention of 10 Day Profits being fully automated, I would personally class it as some kind of hybrid. The software picks out trades for you (varying between 30 seconds and a minute) and you then have to select to make the trade yourself. You will also see one of the options in red with a chilli pepper by it; this indicates a hot signal. Another thing that I like that you donβt see on a lot of software is the range of values for trading β from $5 up to $1500. The fact that you can make $5 trades makes it ideal for newcomers to binary options.
Despite the first impression of 10 Day Social Trader, we believe the site to be legit, not a scam. I will be making a deposit and trying the software out. I will keep you up to date on YouTube.
If you are looking for other trustworthy and profitable software, then take a look at Social Tech Trader or OptionRobot; both with over 80% ITM trades. Our current favourite piece of software is TrendXpert; this is a trend indicator for manual trading which also offers live training. All of these have proven to be profitable for us.