Safeguard Trader is an automated trading software for binary options that opened on June 19th, 2016. Sometimes we see a new software and get excited, in the case of Safeguard Trader there is nothing to get excited about. We have seen this software sold under different names, as recently as last month.
Investors can see the Navstar Trader software, which does the same thing as Safeguard Trader.
Lucky for you, you decided to do a little research before plunking down $250 with a useless trading robot, who deals with sketchy brokers. If you made a mistake and deposited money already then you should read about brokers complaints.Safeguard Trader Software Review
The robot that Safeguard gives you is very limited in its abilities. You have 3 options for programming the software, which is bad.
A real binary options robot will offer you over 25 options for controlling the robot. If you have no control of the robot, then the robot will just keep trading until you lose all your money.Safeguard Trader Scam
The two big problems we have with Safegaurd Trader is:
They make false promises about your potential profits. Here is what they wrote…
"On a daily average and since we've offered Safeguard Trader publicly, our members generate an average of $33,000 a day!"
The signals and results are fake.
A smart investor only needs to spend two minutes, to see how poorly designed a scam like this is. Now go read in detail about The Binary Options Scam.Unlicensed Brokers
The biggest problem with the binary options industry is the prevalence of scam brokers. There are about 20 licensed and legitimate brokers, and then there are over 300 unlicensed brokers.
When we signed up for the Safeguard Trader software, the connected us with an unlicensed broker that is based in the Marshall Islands. There is no reason for a person like me, living in Ireland, to trade with a broker that is not FCA regulated.