Trade Forecast Scam Review

Trade Forecast Scam Review, Find out the truth about Trade Forecast in this Review, Trade Forecast is not a legit software. See why Trade Forecast is a scam, read below.

Is Trade Forecast a Scam or Legit?

Trade Forecast is a auto binary options software that claims its trades are based on the trend of the market over the last 20 years. This sounds almost identical to the Trend Trader scam we previously reviewed. This is nonsensical garbage. Every good trader knows that trades are based on market conditions and a number of important indicators. Trends from previous years have very little importance while placing a trade. They can certainly help, but they should never be the deciding factor!

Chris Barlet is the name behind the Trade Forecast software. We couldn’t find a shred of information about him. We have no reason to believe this is his real name, especially considering how many times the Trade Forecast website has no problems using fake names with other pictures.

Trade Forecast tells us that they will begin selling their software next week for 5 thousand dollars to buy the software plus a 5 hundred dollar monthly fee. The only problem with this statement is that the website has been running for well over a week now and the software is still free. We assure you that it will always be free. Check back in a week or two and you’ll see that it’s still free.

Trade Forecast Scam Review

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Chris Barlet says that he will be taking a 5% fee from each trade placed, which will be payed by the broker. This is a commission that is ordinarily referred to as revenue sharing. What he fails to mention, is that revenue sharing is designed so that “Chris Barlet” will make money off of any trade you make, even if the trade loses. Some brokers actually pay more for losing trades!

Is Trade Forecast a Scam?

We were not surprised to see that all of the Trade Forecast reviews were fake. Check out Melissa Margina.

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Here is her youtube channel with the name of McKenna Sharp.

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Here is another reviewer named Jean Van Den Waghe. That’s NOT his name. He’s actually a man named,  J.P. van’t Hof.

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Conclusion: Trade Forecast is a SCAM!

The Trade Forecast scam is another scam that many other review sites have started to affiliate themselves with. This is unfortunate but not surprising as these same sites have chosen to profit off of scams such as Virtnext, Google Trader, and Gold Digger! Please know that we will never choose to affiliate ourselves with a scam!

If you want to make real money online with something trusted, check out Social Trading with Tradeo and My Paying Ads!

Thanks for reading Our Trade Forecast Scam Review. please leave us a comment or a question! Thanks!
ScamWatchMonitor

  • Gerry Schmidt

    This is just more crap that Mike and his buddies or pushing its all the same stuff that they been doing here for the last couple months I don’t know how anybody falls for that stuff

  • JC

    I signed up to Tradeforecast.co on the basis of the review by Binary Options Watchdog,com which I believed to be a genuine review site, as there are so many binary options review sites with similar re-purposed content based on the content from the videos the scammers peddle. I deposited £250 GBP through them with 24 option and autotraded their signals. After the first 20 trades I was actually up to £395 on 14 wins, 4 loses and 2 break even but over the course of the next 24 trades things turned against me and and ended up on 8 wins, 16 loses with the account now at £177.

    The software has several blatant errors in it which didn’t inspire confidence but I put this down to supposedly being a beta version. I posted these issues on the support page and also via the support@tradeforecast.co email address but now not surprisingly, the email bounced back as an invalid address.

    So the takeaway for me is not to trust any binary options scam review site and treat them as scammers themselves, until proven otherwise.

    If there are any genuine binary autotrading systems out there, I would love to know more about them, otherwise it is time to move on from binary options and leave the scam brokers and scam software peddlers to it.

    • Hi JC – Thank you so much for this comment! You are absolutely right. 99% of the Scam Review sites are scams themselves. We are different. We are the only review site that we know of that refuses to affiliate ourselves with scams. This means we don’t make much money. 😉 What matters to us is that people who come to our blog don’t lose their money blindly like we did when we first started out.

      A great way to determine whether a review site is a scam or not, is by posting a negative review in the comments section on something they are affiliating and see if they approve your comment or not. We have been told by so many of our readers that these big review sites are not approving their negative feedback. This is really disappointing.

      We only promote honest binary options services and at the same time we stress that they all carry risk regardless of their expected performance. Go in with your eyes wide open! We have a few we are currently promoting. Phenomonalsignals is an honest software that publishes their daily stats for the public, the winning and losing. No photoshop.

      http://binaryscamwatchmonitor.com/phenomenalsignal-auto-trader-john-anthony-signals-review/

      Another great option (if you are non US) is Social Trading with Tradeo.

      http://binaryscamwatchmonitor.com/tradeo-review-social-trading/

      We also have had great success with a share revenue site we’ve been working with for 6 months. My Paying Ads.

      http://binaryscamwatchmonitor.com/140-2/

  • John Legendary

    Right then so ive used this Tradeforecast website and my broker is Benedict Morris.

    I put £250 in and Benedict Morris added another £250 for me which was great.

    So far i have put it on autotrade and have won 12 trades but ive lost 16!!!!

    What the hell is going on? 83% success rate is completely wrong at this point and I am seriously doubting the validity of this service.

    Is it the broker or the software I have no idea but i am very unhappy with this. Thats just me right now but I hope this improves.

    • Keep us posted! We called this a scam for the reasons listed in our review, so it’ll be interesting to see where it takes you!