A new trading system called SetonTrade app has resurfaced and it’s claiming to be the hottest and most powerful algorithm ever. But can we trust it, or is it just another white label with a customized logo? You guessed right. SetonTrade is just another scam that is trying to conceal itself with as much information as possible to confuse you. It even has a fake demo account, a fact which they have since admitted on the SetonTrade software website. Therefore, we should be extremely cautious about this ‘’deal’’ because things are clearly not adding up. And for this reason, we have decided to come up with a comprehensive SetonTrade review for your sake. This is what we found out.
SetonTrade Review – Why its a Scam?
The fake demo account
Is SetonTrade a scam? Definitely it is. This is something we can gather from small facts here and there. For example, the fake demo account is just what it is – fake! They said that it does not use the real market when turned on. Instead, it relies on a social network trading platform where it gets its price feed from, and that’s the reason it can run during the weekend as well.
This explanation is typical of what a scam can use to justify how ‘’effective’’ their software is. If you can’t use real market conditions, then it means you will lose when you finally switch to the live version of this SetonTrade software. Real market conditions are totally different from the modeled social network trading platforms and because of this; you’re guaranteed to lose when you finally make the critical switch.
So why didn’t they sync the demo account with the real market? The answer to this question is very clear. They actually saw that SetonTrade system could not make a penny in the real markets. Secondly, the only reason why it works in a modeled market is because things have been arranged here in a special way, so the software will always be favored in its action to fool you with the fake profits which can’t be simulated in a real market trade setup.
Who are the owners of this SetonTrade software?
Have you noticed that SetonTrade website is just using too much information to distract you from questioning who owns it?
Well, up to the point when we were writing this SetonTrade review, we had no clue as to who the owner of the app was. How could they forget to mention the person who is behind this app? This was the most important thing to do by the way. It seems they had a sinister motive when putting up this SetonTrade website on the internet. They knew that we would research the background of the so-called owner, and this would work against them. If they were so professional, they would have at least introduced us to the owner of this SetonTrade scam software. Therefore, this is yet another red flag which we must take seriously.
How it should work in order to generate profit
First of all, we are told that Set on Trade software has an accuracy rate of 80% and above in good days. Then what about the bad days? Well, it losses. It makes it even impossible to break even due to the fact that it will lose more than it gains.
Secondly, they said that this SetonTrade app is offered in both manual and automatic modes. But before you can trade in any given day, you should check the news and other technical trading instruments to ensure that they are perfectly lined up. We are not sure whether this applies to manual trades only. But we tend to think that this also concerns traders who use automatic mode. It is just too much work for the average beginner, don’t you agree?
But it actually can’t work because no rookie trader will generate any profits without knowledge on how to apply news and other technical instruments on trade positions. They are going to fail. And the saddest thing is that this SetonTrade program website is not telling you this fact. They want to brainwash you into signing up only to realize that you are losing money than making it.
Also, we can see that SetonTrade website has listed a number of indicators to help with their marketing efforts. They mention RSI, MACD, Trend, Stoch and other indicators to make you see how powerful this algorithm is.
But the truth is that this software doesn’t employ most of the things they say it uses. The mere mention of Fibonacci numbers doesn’t guarantee that Set on Trade app works with these systems in sync. Many scams list down a bunch of technical indicators just to sound fancy. But in the real sense, they don’t utilize these indicators properly. SetonTrade scam is one of them.
Money Management of SetonTrade System
How are you supposed to manage your capital with this SetonTrade system now that you’re investing in a scam? That’s the question you should ask yourself as you read through the features which they claim will help you manage your cash.
Well, the way these features are supposed to work is really funny. One has to choose the amount they want to invest, starting from $5 as the minimum, and that this amount can be adjusted upwards. But at the same time, these fraudsters explain that Set on Trade software can open random positions at times, which is why you must check news before operating it.
You see, most people settle for robots because they either don’t know or have time to analyze the market fundamentals. The idea of constantly checking this SetonTrade software while at work is a major turn off, besides knowing that it’s a scam already. So this thing called Money Management won’t help you in any way.
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SetonTrade Review Conclusion – Software is a Scam
Great sorrow will befall you if you decide to invest in SetonTrade signals anyway. This is just another clever scam which is not offering anything unique or worth trusting. Show us the owner today and we will do another review about it. We don’t want to take blind steps where investing money is concerned. So you’re better off shunning SetonTrade scam at all cost.
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