Review of: United Trading

Reviewed by:
Rating:
2
On March 5, 2017
Last modified:March 8, 2017

Summary:

United Trading is actually a social trading + automated software, which is an attractive offer to newbies. However, after looking further into this product, we don't recommend it to anyone. Keep reading for alternatives and more.

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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