Binary Review Bahama Banker

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Bahama Banker Scam – Real Review

Bahama Banker is a brand new binary options scam and I’ve been checking it out to learn more about it. This scam just launched and 100’s of people have already lost money with it. Can you really make money with it? The truth is no you can’t because it’s a complete scam, and below I will explain exactly why in my full review.

Bahama Banker – Big Fat Scam

I’ve been looking into the Bahama Banker system and it’s clear to me that it’s a complete scam. Similar to other scams that launched recently like WikiTrader and My Profit Formula. You might be wondering why I’m calling this system out as a scam so let me explain how it works.

Their website claims that you can make a fortune and all you need to do is just follow a few simple steps and use their automated software and you’ll make money. But in reality the way it works is you will sign up and need to deposit $250 to get started and when you do that they get paid for referring you. At this stage their job is done and they’ve made money so they really don’t care about your success. You will get access to the “Bahama Banker” software however it won’t work as claimed because the whole backstory behind the software is a lie. When you start using the software it will actually just make random trades and after a couple of days you’ll be left with nothing in your account.

That’s how all binary options scams work. The website which in this case is the Bahama Banker website is just a fake sales pitch designed to get you to part with your money and make a deposit at the binary broker they recommend. The only reason they recommend this broker is because they are paying them money for referring new customers to them.

In case you’re wondering about the glowing reviews of Bahama Banker you should know that these positive reviews are actually fake. People will write positive reviews of these scam systems because they will recommend them as an affiliate and get paid when you sign up so naturally they will say that this system is amazing just so they can get you to sign up. There’s many fake reviews like this out there saying it’s amazing but you shouldn’t trust them as they are part of the scam.

Also there are a lot of fake testimonials too. The creator of the Bahama Banker website pays actors to give fake testimonials saying they have made money when in reality these people have been paid as little as $5 to give a testimonial. Don’t trust any of the testimonials you see for this system, as they are a lie.

Bahama Banker – Don’t Trust Brokers

Another reason you should avoid the Bahama Banker system is that they have partnered with binary options brokers that are scammers. Often the brokers are viewed as the neutral party when it comes to the binary scams however often they are the worst part of the scam. You can lose $250 when you sign up because the software will trade away your money to nothing however that is not the worst part because the brokers will try and take far more money.

I’ve done plenty of research on this system and many others and I found that binary options brokers have even been banned from operating in some countries, and very few brokers are now allowed to operate in the USA as the authorities have clamped down on their dodgy practices. One person lost over $500,000 to a binary options broker scam. This person literally lost his full life savings to a scam like this and it’s a real shame because he’s not the only one. The brokers behind systems like Bahama Banker will call you up and try and act like they have your best interests at heart but in reality they want you to lose money because if you lose money they make money.

The binary options brokers are not like regular stock or forex brokers. With stock and forex trading the brokers make money when you are successful trading, however with binary options they make money when you lose money.

My Conclusion For Bahama Banker

After taking a closer look at the Bahama Banker it’s clear to me that it’s another binary options scam. You need to avoid it unless you want to make money because unfortunately you won’t make a penny if you invest in this system. My advice is to completely ignore it and take a look at my no.1 recommendation below. It’s a system I’ve used to make 5-figures per month and out of the 100’s of systems I’ve tested this one is officially my “no.1 recommendation”.

Ps.. Be sure to check out other reviews I have done like my Tai Lopez review.

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Bahama Banker Review

Bahama Banker is an interesting automated trading binary options robot which was initially released in 2020 and has now been updated for 2020. Before you become the next victim of the classic binary options scam, take a few minutes to understand what the Bahama Banker does, and how it works.

Sadly, if you already lost money using the Bahama Banker software, we can not help you, just direct you to the complaints page.

In general most of the scams operate in the same manner, and we have already discussed details of the scam here.

Bahama Banker Review

We you look at the Bahama Banker actual software, you will see in the screenshot below that there are very few functions available to configure. You can select the trade amount, the maximum trades, and activate the software.

There is no ability to see historical trades, or historical results. Nowadays, there are no binary option traders who use a software where they cannot control which assets the software trades. This reminds us of the original binary options robots, which only had an On/Off button.

Look at the new binary option robots that the majority of investors are now using, see here.

Bahama Banker Binary Options Trading Software

Bahama Banker Scam

The original Bahama Banker product was located at BahamaBanker.co, but they closed that one down and redirected visitors to 1K Daily Profit (another scam software). On January 29th 2020 they opened up the BahamaBanker.Club website and started advertising the software again.We noticed various red flags when we looked at the new website. Just to mention a few, We did not see a login button, and they write that it has a 96.1% win rate.

False Guaranteed Profits – Here is what they write on their website:

“Our automated tracking system GUARANTEES daily profits of at least $1,250 per day.”

Fake Brokers For The Bahama Banker

Did you know that a real binary options broker must be licensed and regulated just like a Forex broker?

Many people are too busying watching and believing the false promises of the paid actors and they forget to verify that the trading account their were given. Most of these “get rich quick scams” work in conjunction with an unlicensed, offshore binary options broker. By using an unlicensed broker, you can almost be certain that you will never see your money again.

Always make sure you are using a broker that is licensed and regulated, see brokers here.

We want your feedback! Please share your experience using this software in the comments section below. Tell other investors which broker you trade with, and if you were able to withdraw your money.

Bahama Banker – Scam Or Legit?

The binary industry is a rapidly evolving and changing scene which sees many new products appearing every day. Unfortunately, due to the success of the industry there are many arrivals which are only interested in separating you from your funds. It is, therefore, essential to review any software you are considering using to ensure it is genuine.

Who is Bahama Banker?

The Bahama Banker app originally hit the market in 2020; it has now been re-released with supposedly improved options and abilities. However, it would appear that much of this is simply hype and this could be just a Bahama Banker scam.

One of the warning factors and is one which applies to Bahama Banker is the lack of information on their site regarding the founders of the product or how it actually works. In addition they do not appear to supply any substantiated proof of their claims.

The Bahama Banker Approach

Creating an account with Bahama Banker is as easy as entering a few details onto their website. You will then need to a minimum of $250 to the affiliated broker; they will direct you to their site. At this point it is possible to access the control screen; where you will be disappointed.

There is very little to adjust on the app. Options available include the amount you would like to trade and the maximum number of trades you will accept per day. The only other option is to activate the software!

The fact that there is no historical display or ability to select your assets means that it is likely to be a Bahama Banker scam; there is simply not enough control to be able to assess the success of the transactions.

Indicators of the Bahama Banker Scam

Bahama banker has had a difficult path. The original software was launched as BahamaBanker.co. However, after a short period this was closed and 1K Daily Profit was created. Visitors and users were redirected to this app. However, this app has been shown to be a scam and was closed as well; leaving the door open for the same app to return as Bahama Banker.

To confirm that the Bahama Banker scam is just that, you will note that there is no option to log in to their software; once they have your funds they are no longer interested in you. In addition, they, along with many other scam apps will blind you with promises of extreme wealth. Of course; this wealth will not ever materialize for you!

A genuine app will associate with you a regulated broker, if they do not it is best to assume they are a scam and use an approved, reputable automated trading software instead.

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