The Teraapp.co website is nothing but just a trap for anyone who is new to trading. This app is claimed to be created since January 2016, although the domain name was actually registered this year. This proves that Tera App and TeraBit company is nothing but a scam. Before this, we encountered another binary options product called Terabit Trader, which is basically the same. 

The fake claim of this app – make $440,000 per month?! 
If you believe that you are going to make up to $400,000 per month with this app, then you are mistaken. There is no way you can hit to that figure, unless if you are already filthy rich, or at least have tons of money to risk. 

You might already know this, but Tera App is actually about binary options trading. Binary options is a simple trading method, where you can choose to call or put. For instance, if you think that the asset, let say, EURUSD is going up, then choose the amount to invest, let say $10, and then choose call. Otherwise, if you think that this asset is going down, then choose put.

If your prediction is correct, then you will gain back $10 plus 85% of your risk. In other words, you will earn $18 if your prediction is right. Otherwise, if your prediction is wrong, then you will lose all $10 of your money. 

As you can see, there is no way you can make up to $400,000 per month with this app, unless if you deposited tons of money into the broker account. 

 

The domain name is just registered a few months ago
If you checked the whois information of Tera App, then you will realize that this website was just registered a few months ago and not since January 2016. This proves that the claim made by the website is nothing but hype to sell you for another fake binary options software. 

Want to see how this software looks like?
We have seen tons of similar binary options software like this before, and Tera App is the same. The so-called Tera App software is just another rehash from previous software called Terabit Trader, and from our experience, we can tell that no one can make the money out of it. 

The real binary options software must look like this:

Final verdict: 1/5 rating
Tera App and Terabit trader are both on our blacklist (too bad) and we don’t recommend this product at all to anyone. These are some of the reasons:

  1. Tera App doesn’t give you control over your budget. There is no way you can set the trading style, indicators and expiry time. So, if you still want to try this software, it will be very risky. 
  2. You don’t get to try this software on a demo account first. You might don’t know this, but a real, working software such as Option Robot or forex EAs come with a free trial version, known as the demo account. In other words, you can test and see how this program works first with fake money, before depositing real money on the line. 
  3. You don’t have the ability to choose the right broker. Tera App doesn’t let you choose the broker that you like. You will be assigned to one of their chosen binary brokers, depending on your geographic location. This is somewhat a hassle since some brokers don’t have the features that others do. 

Alternatives to TeraApp software
The Tera App software is just another joke to tarnish the binary options and the trading industry overall. We highly recommend that you stay away from this software and do your research first before falling into another scam. 

If you are looking for alternatives to Tera App software, then check out our recommended list. 

 

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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.

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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