Binary Review Bahama Banker

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Marcio

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Bahama Banker is a trading system which claims to help traders make millions, but is that actually the case? Does Harold Beckman really know what he is talking about? Though we have seen many other successful auto trading and signal systems out there but the majority of them were impractical.

Interestingly, with this software, the beautiful Bahama islands works as a sort of backdrop for this software. The Bahamas are a symbol of luxury, comfort and most of all wealth.

The Bahama Banker System claims to offer profits which are not realistic. In our experience, unrealistic claims of profits are usually associated with shady trading systems. So, we ask that you read our entire review before deciding to invest your money in this software.

The Official Bahama Banker Website

The creator of the Bahama Banker software i.e. Herald Beckerman claims that traders will benefit from a 96.1% winning ratio because it will only enter profitable trades. The software uses High-Frequency Trading methods which mean that it will buy and sell shares in seconds which is supposed to help traders make millions in profits.

As usual, this robot has an obnoxious promo video in it’s homepage

As professional traders and people who have reviewed many auto trading software in the past, we can tell you that HFT is not compatible with binary options trading. The prime reason is that it relies on entering and exiting trades in mere seconds.

Binary options have a fixed expiration time which prevents traders from exiting and entering into trades within a second. It is for this reason that we believe that this is fake software, and if anything should be avoided. We managed to uncover a few other elements of this software which are common amongst other scams run in the past.

Numerous Red Flags

Of course, these promises are ridiculous

We can tell you right off the back that there are literally hundreds of badly performing trading software which are solely meant to lure newbie traders into investing money.

Many of these systems make unrealistic promises in an effort to attract mostly newbie traders who may not look for genuine performance evidence. The Bahama Banker app is no different because it uses the beauty, luxury, and wealth associated with the Bahamas to lure people into using the software.

Using a voice narrator is usually seen as being a misrepresentation of the product because it’s employed by many scams. Plus, whenever you have an auto trading software claim that trading with it will help anyone make millions on autopilot it’s in 99% of the cases lies.

Our experience with testing both great and bad software leads us to state that Bahama Banker is not even worth testing. One reason being is the mountain of evidence in the way of feedback and complaints against this software.

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To further solidify our stance on Bahama Banker being a scam we will provide more proof below.

Harold Beckman – Who is he?

Harold Beckman is supposed to be the voice who’s narrating the entire scam video. Though we tried to validate his existence but couldn’t find anything not even specific to the trading community. We find it strange that a software and the person behind it claiming to have over 10,523 members is still unheard of in the trading community.

The same goes for this person’s professional experience as a banker and even Dimitri. We can guarantee that these statements, promises and so called experience they claim is all fake which stands to reason why the software has not worked for traders.

Why does the Bahama Banker algorithm turn up short?

Harold Beckman claims in the video that the software uses a high-frequency trading system which is supposed to be super fast. We know that many large firms may use a high-frequency trading system which trades dozens of pips within a couple of seconds. Though it is a system that cannot be used in the binary trading industry.

Binary options unlike other trading systems rely on either a Lower or a Higher strike price and give out fixed profits. So, apparently, you can’t use HFT when the expiration and the strike price is set.

All lies

So, even if the platform is capable of executing multiple trades a second it’s incompatible with how binary options works and goes to show that the creators have no idea as to what binary options is really about.

Trading binary options is a whole different world with its own set of benefits and features. You can make a profit so as long as it’s either lower than or higher than the strike rate. So, even a movement of 0.1 pip in either direction means that you make money. It is for this reason that the algorithm that the Bahama Banker claims to use does not work with binary trading.

The claim of a 96.1% win rate is a scam, to say the least. Any binary options trader can tell you that anything above 90% is not possible. Plus, after some research, we found that the domain bahamabanker.co was launched recently in September 2020, which makes the claim of there being 10,000 highly successful members doubtful.

Fake Testimonials

Bahama Baker uses fake testimonials drafted by actors who cannot be independently traced. These people are supporting the service’s misleading claims of profits seem to have been hired from Fiverr.com.

Fiverr is a marketplace mainly for scammers who want to hire cheap labor with loose morals for just $5 a pop. It goes without saying that many scammers source their talent from Fiverr because it’s cheap and no questions are asked.

Now when you take a look at the demonstration by bahamabanker.co, it’s trading at 30 seconds a trade with a highly risky money management technique. It appears that the account grew from just $1000 to over $7000 over the course of several trades and that too by risking all the funds for each trade. If anything it is the worst example of money management when trading.

We need to emphasize that guaranteed profits do not exist. So, traders need to manage their funds wisely. Good money management will mean long term trading viability.

Final Verdict

It stands to reason that based on all the evidence we provided above the Bahama Banker System is, in fact, a scam. Harold Beckman does not exist, and the trading algorithm they claim to use does not apply to trading binary options. Add to that a long list of fake testimonials. Plus, the fact that they are using an image of the Bahamas as their slogan for a wealthy lifestyle only furthers our point of it being a scam.

We found bad reviews from many traders which is why we have declared it unsafe. If anything we wouldn’t advise that you even test this software because we didn’t. It didn’t make it to the testing phase. So, steer clear of Bahama Banker at all costs.

Binary Review: Bahama Banker

Bahama Banker is a new binary options software that’s supposedly generated over $46 million in profits for its members. The developer is an unknown in this market that goes by Herald Beckman. Beckman promises that his trading software is guaranteed to make traders $1,250 per day.

This page will act as an area for traders to voice their opinions and reviews about the software in question.

Bahama Banker Review

The Bahama Banker sales page consists of a YouTube video, an email subscription form and a few testimonials. Sadly, the sales page is littered with inconsistencies and overblown promises. Herald Beckman is telling traders that his software has a winning rate of 96.1%. This is an outrageous number and there isn’t even any proof to back it up. In the members area there is a “most recent trades” section but after going through 20 pages it’s clear that this section shows a lower number than 96.1%. It looks much closer to 80% but I doubt that this results section is even real because we’ve seen tables like these prove nothing in the past.

Herald Beckman

The man behind the Bahama Banker has absolutely no reputation in the binary options market. I don’t know about you but I prefer my investment software to come from someone who has experience. Do as many searches as you like for Herald and you won’t come up with a thing. Likely, Beckman is just a fake name to hide the identity of the affiliate marketers behind the product. You do not want to be purchasing anything from affiliate marketers because they aren’t traders and have no trading knowledge. They aren’t like us, and they never will be. They just want to promote trading systems to sell to us.

The Trading System

The Bahama Banker trading software is old news. We’ve come across this exact same trading software multiple times in the past. Binary options marketers are constantly using the exact same software and re-branding it every few weeks. The problem is that this software keeps failing. In this case, the same software can be found in the Cash Loophole, Profit Replicator and Profits Eternity. Each one of these products uses a re-branded version of the same trading software and each one of them has failed miserably.

Conclusion

My opinion on the Bahama Banker is obviously clear by now. There are so many discrepancies and issues with the promotion of this software. The main issue though is the fact that this software has already failed so we know in advance that it will continue to perform poorly. It’s always important to do your due dilligence when looking at investment opportunities. Most binary options products are obvious scams because they promise thousands of dollars an hour guaranteed and that’s what we have this time around.

If you are serious about binary options trading I recommend that you use a signal software. This isn’t a software that trades for you. It’s a system that analyzes the market and provides you with signals that you can trade with manually.

Bahama Banker Scam! – Review Warning . | Binary Options Doctor

Another trading software Bahama Banker Scam just released in the binary options industry. It has displayed by an unknown voice that cases to take care of business called Herald Beckman. He guarantees that he has been a private banker in the Bahamas for very nearly 12 years now. In this way, he guarantees that the item he advances is the most ensured and the most secure strategy for gaining benefits on the web. This got our attention. In this manner, we chose to direct our consistent, careful research with a specific end goal to uncover and assess all the essential data. To let you know reality, it is troublesome for anybody to discover a genuine and an intense trading app nowadays. This, nonetheless, doesn’t imply that we ought to quit attempts.

Bahama Banker Scam! — Review Warning .

Harold Beckman is a man who cases to have unlimited venture involvement. He chose to base the enrolled office of his anonymous organization in the Bahamas as it doesn’t have a prohibitive duty enactment. And he could give his support of top of the line customers who might want to channel their investment funds.

He did precisely so while acting as a Private Banker for a long time. Amid this period Mr. Beckman saw the ascent of binary options trading. A Russian man called Dimitri contacted him with the recommendation of taking care of his own wealth which added up to $22.5 million. Harold considered this a joke at first.

Later on, he made sense of that Dimitri was not lying and that the income was a consequence of effective contributing with a binary trading software. Harold Beckman chose to additionally build up the trading robot alongside the individuals from his organization.

The Bahama Banker Software’s establishment is, for the most part, Algorithmic trading. Its registration procedure does not contrast, much from that of other trading systems. One needs to make a beginning deposit of $250 keeping in mind the end goal to open a brokerage account. We unequivocally exhort against it as this auto-pilot robot is doubtlessly a trick and client criticism about it has been overwhelmingly negative.

Bahama Banker interface

The interface of Bahama Banker programming is right around a precise of the interface from another scam platform called Profits Eternity. This indicates a considerable measure in regards to the genuine way of Bahama Banker fraud. Both software are plainly utilizing some sort of layout planned particularly for deceitful plans by an outside engineer.

Bahama Banker CEO is a Fraud .

Herald Beckman, whose voice is as far as anyone knows heard in the video, cases to be the maker of this automatic trading app. He expresses that he used to be a broker living in the Bahama islands until he met some Russian person making millions on trading by the method for exceptional programming. He chose to match up with him and discharge this product to the general population. A common weak story, varieties of which you may have effectively seen in some other scam. Amid the video Herald Beckman is demonstrating two or three pictures of himself, yet we genuinely question that it’s him. Odds are this is some arbitrary man’s photographs grabbed from his Facebook by the con artists behind Bahama Banker.

Bahama Banker Trading: Imaginary Profit Claim

The answer is NO. There is no veritable robot that can carry on an ordinary winning rate of 96% right now. Even, the most experienced trader in Binary Option exchanging can’t keep up that. Herald Beckman guarantees a consistent profit of $15, 400 to $25,800 with no experience, work or time input. This will sound enticing to a few people and that is precisely the idea behind it. The arrangement is to draw you into their trap.

Makers of Bahama Banker review additionally include that their product does n’t care for those different scams where their apps have been customized to make you lose every one of your exchanges. We locate this exceptionally entertaining on the grounds that this is precisely what Bahama Banker signal does just that we have been pre-educated incomprehensibly by him.

Bahama Banker Scam: 10, 523 users- !!

Something else we find truly peculiar about this Bahama Banker review. Herald says he has been taking a shot at this venture for more than two years now. And he has an aggregate number of 10, 523 users who over these years have made millions from Bahama Banker application. Now he has just five hundred spots for new individuals. This Bahama Banker is fresh out of the box new in the market and the space of this site was simply enlisted on the second of September this year. That is around three months back so how is this even conceivable. He is either a mystical performer or a poor liar; we would rather pick the last mentioned. See Evidence above. Read our latest scam audit on Tesler App & Royce Code

Final Verdict: Bahama Banker is a SCAM!

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