For those who are serious about binary options trading, it is critical to find a reliable trading system as so many of the automated trading bots today turn out to be total shams. If you are going to invest hundreds of dollars with a trading system hoping to at least double your money, you want to ensure that the software is safe and reliable. The best way to do so is to search online for reviews and complaints before utilizing any trading software.

10 Day Social Profits is a relatively new automated trading system that boasts it generates profits of thousands in a short time with little effort on behalf of the trader. But are they to be trusted? Read the following 10 Day Social Profits review to find out more.

What Is 10 Day Social Profits?

10 Day Social Profits was created by Charles Peterson, a self-proclaimed financial genius who made his fortune trading binary options. He developed 10 Day Social Profits software to allow other traders to be able to easily profit from his automated trading system. He claims that 10 Day Social Profit has a winning ratio of 97%. This means that for every 100 trades it makes, that 97% are successful.

Anyone who is the least bit familiar with binary options trading knows that there is a 50% chance of winning as there are only 2 options when trading binary options, hence the term “binary”. You are predicting whether or not the price of your chosen asset will rise or fall. Many systems boast of having a super-high winning percentage, however, the most tried and true trading systems average a winning rate of 87%. Chances are that if any system tells you that they have any higher than 90%, they are in fact, a scam and should not be trusted.

We tried to find some background on 10 Day Social Trader and Charles Peterson and came up blank. We discovered in our investigation that Charles Peterson is not even a real person; rather he is a paid actor from Fiverr.com. As well, the testimonials displayed on the webpage appear to be fabricated. When we looked off site for reviews on 10 Day Social Profits, we found nothing but complaints and negative reviews from traders who have lost their investments rather than profit from using this software.

Screenshot

How Does It Work?

If you wish to create a trading account with 10 Day Social Profits you must first sign up with one of their brokers and then deposit the required minimum deposit of $250 before you can start trading. Once you have done so, you would determine your trading parameters and allow the system to initiate trades on your behalf. If you see any results, you may withdraw your earnings, according to the procedures predetermined by your particular broker.

In our 10 Day Social Profits review, we discovered that many traders were unable to withdraw their money and even more lost their initial deposit and were unable to get a straight response from customer services as to what even happened with their funds. We do not feel that this is a sign of a good trading system so we do not have a good feeling about this particular trading software.

Conclusion: Is 10 Day Social Profits a Scam?

We cannot determine for sure that 10 Day Profits is an absolute scam, but we do not feel that this trading bot is the least bit reliable. There have been way too many negative reviews and customer complaints about the validity of this software. We strongly urge our readers to make use of only those trading systems that have a solid reputation for consistency and quality.

Recommended Brokers:

	Min. Invest	Min. Deposit	Max. Returns
	$1	$10	92%
	$1	$10	91%
						All brokers >>

• Author
• Recent Posts

Follow us

John Miller

Author at 7 Binary Options

John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips.

John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.

Follow us

Latest posts by John Miller (see all)

• Six Tips for Avoiding Cryptocurrency Scams - June 20, 2022
• Interview of Daria Glazko from IQ Option - July 20, 2016
• IQoption Adds New Deposit Feature and Forms New Partnership - July 5, 2016