Terabit Trading Software a pathetic scam

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Terabit Trading Software a pathetic scam

Make over $850 per hour and $20,000 each day for life. How does that sound? The scam terabit trading software is a well-orchestrated trash with laughable loopholes to just nail it.

CEO: Richard Heffner

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The man behind Terabit trading app, Richard Heffner starts of his campaign by saying he had made 27 random people millionaires in the last 3 months, makes you want to sign up. If you have been considering signing up for the terabit trading software, please don’t. In this article we would give you reasons why the terabit trading app is another pathetic autotrading software out there in the market with the sole intent of stealing your money. When we heard about this software, we decided to probe further and investigate to find out if it is legitimate.

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Reasons to run away from Terabit Trader

  • The CEO of this so called software had also promoted some other scam autotrading softwares in the past. Now take a look at the picture below, you would discover that it is the same person promoting both safeguard trader and GPS trader which are both scam softwares. As a matter of fact he assumed the name David Heffner when presenting the Safeguard trader while he used the name Richard Heffner in Terabit Trader. When heard in each , he says that it is the only and best software that guarantees profit, now he is at it again with Terabit trader , so what where the outcome of the others, are they no longer performing? This all sounds shady. For all we care this guy may just be a paid actor just reading out the scripts of scammers hiding their faces to rip people of their money.
  • He claims this software is 100% risk free and it is impossible to lose a trade: This is not true, even professional traders lose some trades, there is nothing like 100% risk free, it is not possible in binary options trading we can tell you this based on our experience of trading options
  • Fake testimonials and claims: The testimonials on the website are fake, in the video he tells you that he made 27 random people millionaire, if you trace back you will find out that it is the same lines he has been replicating in his past scam softwares, for Safeguard trader it was 10 random people. There are no millionaires , if they were we could have seen or heard them, infact they would even be glad promoting the software. Richard Heffner as he calls himself is just using some psychology to make you hastily sign up for this crap software. As a matter of fact he never tells you the brokers you would be assigned to, with this you cannot research about the broker to know whether they are registered or not and even to know if they are fraudulent.
  • It is not totally risk free because you would need at least $250 to fund his broker before you can start trading. The problem here is that this broker is unknown, so the chances of them stealing your money is very high.

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Terabit Trader Review

Terabit Trader is a scam Forex trading software that originally opened on September 18th, 2020. Sometimes we see a new software and get excited, in the case of Terabit Trader there is nothing to get excited about.

Lucky for you, you decided to do a little research before depositing $250 at a useless trading robot like Terabit, which uses fake Forex brokers. If you made a mistake, and already deposited your money, then you should read about brokers complaints.

Terabit Trader Scam

The biggest problem we found with the Terabit Trader Software is: They make false promises about your potential profits. Here is what they wrote…

“Make $20,000 Per Day (Guaranteed) With This Ground-breaking Optical Data Transmission Trading Software”

There is no such thing as a 100% accurate trading software, and anyone that makes claims of guaranteed profits, is surely a scam. A smart investor who really wants to understand how this scam really works will go read: The Forex Investing Scam.

Terabit Trader Review

Terabit Trader Software Review

The “amazing” robot that Terabit gives “investors” to use is very limited in its abilities. You have 3 options to configure the software, which is bad. A real automated trading robot, gives investors more than 25 options to control the robot.

If you have no control of the robot, then the robot will just keep trading until you lose all your money.

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Unlicensed Brokers

The biggest problem with the Forex trading industry is the prevalence of scam brokers. There are only 20 brokers that are licensed and legitimate, the other 300 are unlicensed brokers.

When we signed up for the Terabit Trader software, they connected us with an unlicensed broker called Finarix, that is based in the Marshall Islands. There is no reason for someone living in Manchester to trade with a broker that is not CySEC or FCA regulated.

You can find a list of the licensed brokers here.

Tell other readers which broker the Terabit Trader recommended for you, in the comments section.

Terabit Trader Scam Review – Here’s Why You Should Skip It

Terabit Trader by Richard Heffner is causing quite a bit of stir among my readers, with 3 of them claiming to lose money with the software in the past 2 days. Upon close scrutiny, I’ve concluded that Terabit Trader is a scam.

If you are still considering to fund your account, make sure you read this Terabit Trader review before proceeding. In this case, it’s a good idea to keep your credit card in the wallet.

Name: Terabit Trader
Website: terabittrader.com
Owner: Richard Heffner
Price: $250 min. deposit

Legitimate? NO, IT’S A SCAM
( full list of all reviewed scams)

Bite-sized review:
– Richard Heffner is just an actor
– Terabit Trader wasn’t featured on CNN after all
– Terabit Trader uses fake member testimonials
– The software makes money from your losing trades

Terabit Trader Review

Terabit Trader exhibits the usual hypes that come with scams

Richard Heffner, the alleged CEO of Terabit Trader software claims that his software can make you $20,000 a day guaranteed, and he is giving away this ground-breaking technology for free.

Sounds suspicious? If you are reading this, you are right to be skeptical. Granted, Terabit Trader is one of the most exaggerated scams I have seen, but there are many other scams out there that promise to make you a couple hundreds of bucks per day.

Shun as far as possible when you come across internet opportunities that promise you these:

  1. Get rich quick within an impossibly short period of time
  2. Minimal effort and work is needed from you
  3. Works 100% of the time and guarantees your profits

Apparently, Terabit Trader scam exhibits all of these red flags, but these criteria applies for all the scams that you will see in the future.

These promises are targeted at victims who are always chasing the shining object and hope to get rich quick, and these are exactly the people that fall for scams time and time again.

Making money online takes time and effort, and it doesn’t come automated. Now that you have the correct expectation, let’s look at the evidences on why Terabit Trader is a scam.

Richard Heffner is a Professional Actor

Richard Heffner has been starred in 2 other scams

The alleged owner of Terabit Trader, Richard Heffner is actually a professional actor that was hired to promote binary trading software scams.

He was featured in at least 2 different scams that I have reviewed before, namely GPS Trader scam and Safeguard Trader scam.

In each of these scams, he claimed that the respective softwares are the only auto-trader in the world that will make you a millionaire.

However, it has been proven in every case that the victims who bought into the scams suffer heavy losses to their trading accounts.

These binary auto-traders don’t work, but everyday there are new victims who buy into the dream of becoming an internet millionaire.

The next time you come across a binary trading software, keep your distance because nothing good will come out of it. It’s so risky that even Forbes advises us against gambling on binary options .

Terabit Trader claims to have been reviewed by CNN

Below the sales video, there are a few news strips that supposedly show the positive reviews given by various financial authorities about Terabit Trader software.

One of these strips shows the review by CNN, who allegedly calls the software “The best auto trader on the planet” (see screenshot above).

Luckily, CNN website stores all their news articles in the online directory, and included a search function for us to quickly look for a keyword in their articles.

Terabit Trader was never mentioned in CNN website

I have conducted a quick search in CNN’s directories using the keyword “Terabit Trader”. If these keywords (case insensitive) has appeared in any articles on CNN, they will be displayed.

According to the screenshot above, it’s clear that the software has never been featured in any article of CNN website.

If you want to conduct your own search, click this link to go to the search results page at CNN website.

Terabit Trader Scam Uses Fake Member Testimonials

The members of Terabit Trader are non-existent

Towards the end of the sales page, there are a few member testimonials that seem to be giving highly positive reviews for Terabit Trader software.

I’ve had readers who fell victim to scams because they thought these member testimonials can be trusted. Little did they know that the testimonials can be easily fabricated.

The member shown above, Michelle J has been featured in the fabricated testimonials of several other scams:

The same picture was used in multiple other scams

Apart from Terabit Trader, the same picture has also been used in Mirror Trader scam and Insured Outcome scam that I have reviewed before.

In each of these scams, the same picture has been given different names. Obviously, the testimonials and profits attached to these profiles are completely fabricated, too.

The picture was stolen somewhere from the internet and has been circulating among different scams since.

All these evidences may not be immediately apparently for most uninformed internet users, but they stand out like a sore thumb for someone like me, who has reviewed more than 100 binary software scams.

Is Terabit Trader a Scam?

YES, TERABIT TRADER IS A SCAM. I strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.

You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.

If you want to make money online, there are much better alternatives than trying your luck with binary options:

Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!

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