The fact that you are searching for United Trading App means that you are curious whether this software is for real or perhaps it is just another scam. After looking into this product, we don’t recommend this at all to our readers. Let us dissect one by one about United Trading App

It is created by a supposed professor, called Anthony Grecko.
Professor Anthony Grecko is the person behind United Trading App. There are four members, Adam Fletcher, who is supposed to be the program manager, Jaleel Bashir, Matt Kirby and Lydia Williamson.

Is Anthony Grecko a real person?
The answer is: He is just an actor. We cannot find any proof whether he is a real professor or not. Just like other products we’ve seen before, United Trading used actors to present their software. This is just for marketing purpose.

United Trading is basically about social trading
What makes United Trading unique is the fact they offer a semi-automated trading system called social trading. You can let this software trade automatically for you, or you can also copy signals from fellow United Trading members. This sounds like a great idea especially for newbies who are new to trading, technical analysis and making money online in general.

Newbies don’t have years of time to learn and master technical analysis about trading, whether forex or binary options. Therefore, they will want to copy professional traders each time they’ve entered their positions.

Social trading platform is nothing new
To those of you who are new to forex or binary trading, actually social trading is nothing new to brag about. There are actually tons of similar products and forex brokers we’ve seen before offering social trading platform.

Reasons why we don’t recommend United Trading App
Reason #1: This software comes with an automated trading mode, which is a huge trap for newbies. While newbies want to make money as fast (and as lazy) as possible, we found that tons of binary options automated software turned out to be a scam. If you want to choose an automated software, please, make sure that the program allows you to test the water first on a demo account, before putting real money on the line. We highly recommend Option Robot for this purpose.

Reason #2: The social trading platform requires lots of professional traders to participate and thus making you money. We don’t think that United Trading App has lots of professional traders in their platform since United Trading is still a new product. It only attracts newbie traders (probably you) to participate in the community.

In other words, if you copy someone’s signals in United Trading platform, it will be very risky, since most likely you are copying signals from newbies. They don’t have any idea whether the signals is going to be profitable or not.

If you still want to choose a real, working social trading platform, please choose an established ones, like eToro. eToro had introduced their social trading platform for years already, and they had tons of professional traders inside their community.

Reason #3: Just like being mentioned before, we don’t think there is any professor or a great team of traders who developed this software. Professor Anthony Grecko and his team were just actors who were hired for marketing purposes. While we don’t want to argue about this marketing tactic, it is somewhat shaddy in our opinion which should raise a red flag to anyone who is serious about making money online with trading.

Yes, we believe that the creators of this platform are actually an expert in software and website development, but they don’t necessarily experts in trading itself. They could be designing one user-friendly software that could impressed newbies, but still, the risk or losing money with this app is very high.

Conclusion and alternatives
The social trading platform is actually for real and doable thanks to the internet. However, if you are looking for a real, working social trading platform, United Trading is not the product that you should go for. If you are looking for similar software we highly recommend the following:

eToro – This is actually a forex broker with a social trading facility. You can copy signals from thousands of traders worldwide. Yes, it is free to join, with a working demo account and this broker is regulated by CySEC as well so rest assured, your funds are safe. Find out more here.

Forex Real Profit EA – Looking for a discount on automated software? Forex Real Profit EA is the answer. For less than $200, you will get a real, working trading robot, which is free to try on a demo account. Yes, try on a demo account first, before putting real money on the line. You can read our review here.

Option Robot – Not many binary options software works like a charm, just like Option Robot.  If you are looking for an automated binary options software, this app is perhaps the only one that we can recommend until today. Option Robot is free to try on a demo account first. Therefore, you can see how it works before putting real money on the line. It cost $250 to trade, but that is all that you need to pay for. Read our review here.

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After looking into the sales video, we don’t recommend Penny Millionaire to our readers. This product is obviously a binary options trap for newbies. There is no way you can become a millionaire by just depositing $250 into the broker account. Let us dive further into this system and see how this product works.

Penny Millionaire is actually not for people who are into trading. It is actually for gamblers
You might already know this, but Penny Millionaire is actually about binary options trading. While some people claim that binary options are not gambling, Penny Millionaire system is very close to gambling. Why? Because this is actually a lottery ticket and not another trading software. 

It is actually not free like being advertised
While you can enter your name and email on the website for free, actually you need to deposit money into the broker account. The minimum amount is $250. 

Not all people are qualified into this system (Too bad)
We entered our email into the website, as well as a UK phone number and too bad, we are not qualified into this system. The website rejected our applications since there are no more brokers available in our country. However, even if you are qualified, you still need to pay $250 to the recommended broker, which is not recommended by the way. 

They didn’t mention how this software works and we doubt that whoever behind this product is a real trader
The video doesn’t even present the facts on how this software works. In other words, we doubt that whoever created this software is a real trader.

All they mentioned is the fact that this software works based on compound interest theory. Yes, compound interest is actually one powerful method for some investors to grow their wealth (More information here). However, this is actually not the case if you are into binary options trading. Binary options trading is not a system where you can earn money based on interest or something like that. 

You cannot test this product on a demo account first
You might not know this, but a good binary options or forex broker will always provide a working demo account first before you can put a real money on the line and test their system. Binary options had been around for years and some regulated binary brokers already provide demo accounts, first, before their traders put money on the line.

The same goes for forex trading. There are tons of regulated forex brokers all over the web and all of them provide a demo account where you can practice and test the water first, before putting real money on the line. 

A little bit about binary options, in case you are new
We have seen tons of binary options related products since 2013, and there is no sign of these scams are going to stop. In case you are new, binary options is actually a simple trading system where you can choose call or put. 

For instance, if you think that one particular asset is going up, then choose the amount that you want to invest and then choose call or put. Let say you want to bet $10 per trade. If you think that the asset, let say EURUSD is going up after one hour, then simply choose call. If your prediction is correct, then you will gain $18. In other words, the binary broker will pay you $8. Otherwise, if your prediction is wrong, then the broker will take away all $10. 

There is no stop loss, take profit or trading software that you can utilize. You simply trade based on time. This is actually somewhat different compared to forex or stock market trading, where you can buy when you think the asset is going up, or sell when the asset is going down. 

The creator of Penny Millionaire, David Forrester is obviously an actor

Just like similar binary options scams before, Penny Millionaire used a fake actor to represent their products. We don’t have any proof that mister David Forrester really exists or not. The same goes for testimonials presented on the website.

Binary options trading is for people with gambler’s mindset
Unlike forex trading, with binary options, you will trade against time. So, it is closer to gambling because there is no way you can guarantee that your predictions are correct after one minute or one hour. 

Alternative to Penny Millionaire and what we recommend
We highly recommend that you are into forex trading. Forex trading had been around for years and there are tons of trading systems or software which are scam free and rated highly on forex forums and trusted review sites. 

If you are into trading software, we highly recommend Adaptive Trader Pro. This is actually a forex trading robot. Unlike other binary options systems, Adaptive Trader Pro can be tested on a demo account first, before you even put the real money on the line. No, this is not a get rich quick scheme. It is a real, profitable software that can make you real money over time. 

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