Binary Review Bahama Banker

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Bahama Banker is a trading system which claims to help traders make millions, but is that actually the case? Does Harold Beckman really know what he is talking about? Though we have seen many other successful auto trading and signal systems out there but the majority of them were impractical.

Interestingly, with this software, the beautiful Bahama islands works as a sort of backdrop for this software. The Bahamas are a symbol of luxury, comfort and most of all wealth.

The Bahama Banker System claims to offer profits which are not realistic. In our experience, unrealistic claims of profits are usually associated with shady trading systems. So, we ask that you read our entire review before deciding to invest your money in this software.

The Official Bahama Banker Website

The creator of the Bahama Banker software i.e. Herald Beckerman claims that traders will benefit from a 96.1% winning ratio because it will only enter profitable trades. The software uses High-Frequency Trading methods which mean that it will buy and sell shares in seconds which is supposed to help traders make millions in profits.

As usual, this robot has an obnoxious promo video in it’s homepage

As professional traders and people who have reviewed many auto trading software in the past, we can tell you that HFT is not compatible with binary options trading. The prime reason is that it relies on entering and exiting trades in mere seconds.

Binary options have a fixed expiration time which prevents traders from exiting and entering into trades within a second. It is for this reason that we believe that this is fake software, and if anything should be avoided. We managed to uncover a few other elements of this software which are common amongst other scams run in the past.

Numerous Red Flags

Of course, these promises are ridiculous

We can tell you right off the back that there are literally hundreds of badly performing trading software which are solely meant to lure newbie traders into investing money.

Many of these systems make unrealistic promises in an effort to attract mostly newbie traders who may not look for genuine performance evidence. The Bahama Banker app is no different because it uses the beauty, luxury, and wealth associated with the Bahamas to lure people into using the software.

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Using a voice narrator is usually seen as being a misrepresentation of the product because it’s employed by many scams. Plus, whenever you have an auto trading software claim that trading with it will help anyone make millions on autopilot it’s in 99% of the cases lies.

Our experience with testing both great and bad software leads us to state that Bahama Banker is not even worth testing. One reason being is the mountain of evidence in the way of feedback and complaints against this software.

To further solidify our stance on Bahama Banker being a scam we will provide more proof below.

Harold Beckman – Who is he?

Harold Beckman is supposed to be the voice who’s narrating the entire scam video. Though we tried to validate his existence but couldn’t find anything not even specific to the trading community. We find it strange that a software and the person behind it claiming to have over 10,523 members is still unheard of in the trading community.

The same goes for this person’s professional experience as a banker and even Dimitri. We can guarantee that these statements, promises and so called experience they claim is all fake which stands to reason why the software has not worked for traders.

Why does the Bahama Banker algorithm turn up short?

Harold Beckman claims in the video that the software uses a high-frequency trading system which is supposed to be super fast. We know that many large firms may use a high-frequency trading system which trades dozens of pips within a couple of seconds. Though it is a system that cannot be used in the binary trading industry.

Binary options unlike other trading systems rely on either a Lower or a Higher strike price and give out fixed profits. So, apparently, you can’t use HFT when the expiration and the strike price is set.

All lies

So, even if the platform is capable of executing multiple trades a second it’s incompatible with how binary options works and goes to show that the creators have no idea as to what binary options is really about.

Trading binary options is a whole different world with its own set of benefits and features. You can make a profit so as long as it’s either lower than or higher than the strike rate. So, even a movement of 0.1 pip in either direction means that you make money. It is for this reason that the algorithm that the Bahama Banker claims to use does not work with binary trading.

The claim of a 96.1% win rate is a scam, to say the least. Any binary options trader can tell you that anything above 90% is not possible. Plus, after some research, we found that the domain was launched recently in September 2020, which makes the claim of there being 10,000 highly successful members doubtful.

Fake Testimonials

Bahama Baker uses fake testimonials drafted by actors who cannot be independently traced. These people are supporting the service’s misleading claims of profits seem to have been hired from

Fiverr is a marketplace mainly for scammers who want to hire cheap labor with loose morals for just $5 a pop. It goes without saying that many scammers source their talent from Fiverr because it’s cheap and no questions are asked.

Now when you take a look at the demonstration by, it’s trading at 30 seconds a trade with a highly risky money management technique. It appears that the account grew from just $1000 to over $7000 over the course of several trades and that too by risking all the funds for each trade. If anything it is the worst example of money management when trading.

We need to emphasize that guaranteed profits do not exist. So, traders need to manage their funds wisely. Good money management will mean long term trading viability.

Final Verdict

It stands to reason that based on all the evidence we provided above the Bahama Banker System is, in fact, a scam. Harold Beckman does not exist, and the trading algorithm they claim to use does not apply to trading binary options. Add to that a long list of fake testimonials. Plus, the fact that they are using an image of the Bahamas as their slogan for a wealthy lifestyle only furthers our point of it being a scam.

We found bad reviews from many traders which is why we have declared it unsafe. If anything we wouldn’t advise that you even test this software because we didn’t. It didn’t make it to the testing phase. So, steer clear of Bahama Banker at all costs.

Bahama Banker Review – Scam Evidence EXPOSED!

Is Bahama Banker a SCAM or good Trading System?

Bahama Banker expresses as a trading system capable of making large profits each day. Or so does Harold Beckman says! Even though we see successes in several auto traders and signal software, mostly exhibits impractical trading methods. In this case, the beautiful place of Bahama functions as a symbol of luxury and wealth but with little honesty! Simply due to the unreal winning accuracy along with negative aspects in Bahama Banker System! Thus, we strongly believe this option is not a worthy investment or your money. Please read our Bahama Banker Review before putting your money into this financial instrument!

Bahama Banker Login & Official Webpage:

Herald Beckman’s Bahama Banker System asserts a 96.1% winning rate and says it only “enters and exits profitable trades”. Utilizing a high-frequency trading (HFT) algorithm to buy and sell shares within a fraction of seconds, enables this scam software guarantees high profits. HOWEVER, we know that HFT’s algorithm is not compatible with binary trading at all. The reason is because it relies on the ability to enter and exit within a fraction of seconds! Naturally, binary options which have a fixed expiry time doesn’t allow traders to exit within split seconds. So on a nutshell, we’re dealing with a phony system telling us an inappropriate concept! Also, we identified few scam elements common to much other frauds in the past!

Scam Aspects Within!

There are literally over hundred of lousy performing software attempting to lure newbie sign-ups so far. Many offers impractical trading achievement serves to only entice viewers without providing genuine performance. Take Bahama Banker App, for example, it basically uses the Bahamas to encourage luxurious outlook on this software. Also the use of voice narrator is generally a bad representation of a product a lot of scams has. Additionally to represent the potential of being a millionaire by using an auto trader is yet another red-flag which won’t come true. We have tested both good and bad software in the past, but Bahama Banker is not worth our effort in testing! Due to the negative complaint and feedback we received from the trading community.

We shall also expose the falsehood in Bahama Banker Scam below for your reference!

Who is Harold Beckman?

As mentioned, Harold Beckman is nothing but a voice narrator hiding behind a scam video. Any research attempted to verify his existent gone to waste because there is no such trading services neither the man himself. It’s rather strange to have over 10,523 members and we have yet to hear about such a trading services! Same can be said about Harold Beckman’s 12 years professional experience as a private banker and Dimitri! Unfortunately, these achievements are all false and fake that explains why Bahama Banker System actually doesn’t perform for many traders too.

Why Bahama Banker System’s algorithm Doesn’t Work?

With reference to Bahama Banker’s video, it runs on a high-frequency trading algorithm that relies on fast in and out method. It is rather common for large investment firms to employ this to gain several pips of profits within seconds. But as we know, binary trading is completely different. Despite that binary options only require traders to trade either Higher or Lower than the strike price for fix profits, HFT is not suitable! As we have said, this platform doesn’t allow a trader to exit or sell trades! We as binary traders will trade in according to a fixed expiry time instead!

Don’t get us wrong, binary trading has it’s own benefits because it doesn’t matter how many pips we profit but as long as it is higher/lower than the strike rate. Even if it is 0.1 pip and we’re in business. The point is that Bahama Banker Algorithm simply doesn’t work in this specific trading platform! Additionally, a win rate of 96.1% is basically a fraud level win accuracy. Any experienced trader can testify that any win rate above 90% is basically a cheat! Also, our research proves that was only recently launched in September 2020! So we’re doubtful that they actually have 10,000 successful members instead of a newly launched hoax.

Bogus Testimonials!

In fact, Bahama Banker Members testimonials show an untrustworthy support by actors! The individual supporting unrealistic claims from Bahama Banker seems to come from Which is a marketplace for scammers to employ their fake actor at a minimum price of $5! It’s also rather natural to see other fraud to get their actors from that website as well. Picture below reveals the origin of the actor supporting Bahama Banker Scam!

The demonstration provided at reveals several 30 seconds trades and highly risky way of managing money. It seems that the user has grown $1,000 to $7,000 with several trades and risking all their funds in every trade. Please do note that this is a very bad example of good money management. There is no such thing as a 100% guaranteed profits and hence good money management must be a habit to all trader. This is to ensure long-term sustainability and profitability!

Bahama Banker Conclusion

Guess that it is rational to conclude that Bahama Banker System is a SCAM! The evidence and reasoning above include bogus Harold Beckman, unsuitable trading algorithm not applicable to binary trading and false testimonials. On top of that, the very notion of applying the Bahamas as an emblem of rich lifestyle is not attainable with this fraud system. Bad reviews and feedback from traders render this app as unsafe! Thus, we shall not test this software and save it for other applications which are worth to profit for us! Stay away from Bahama Banker!

Can We Profit in Trading?

The answer is YES! However, you’ll need a suitable tool to help you gain profits! Obviously, with additional trading knowledge would basically enable traders to have full control of their daily profits too. Nevertheless, newbie traders can kick start their journey with our Recommended Trading Software & Signal Services. These services provide additional learning platform for new traders and also earn some profits at the same time.

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Binary Review: Bahama Banker

Bahama Banker is a new binary options software that’s supposedly generated over $46 million in profits for its members. The developer is an unknown in this market that goes by Herald Beckman. Beckman promises that his trading software is guaranteed to make traders $1,250 per day.

This page will act as an area for traders to voice their opinions and reviews about the software in question.

Bahama Banker Review

The Bahama Banker sales page consists of a YouTube video, an email subscription form and a few testimonials. Sadly, the sales page is littered with inconsistencies and overblown promises. Herald Beckman is telling traders that his software has a winning rate of 96.1%. This is an outrageous number and there isn’t even any proof to back it up. In the members area there is a “most recent trades” section but after going through 20 pages it’s clear that this section shows a lower number than 96.1%. It looks much closer to 80% but I doubt that this results section is even real because we’ve seen tables like these prove nothing in the past.

Herald Beckman

The man behind the Bahama Banker has absolutely no reputation in the binary options market. I don’t know about you but I prefer my investment software to come from someone who has experience. Do as many searches as you like for Herald and you won’t come up with a thing. Likely, Beckman is just a fake name to hide the identity of the affiliate marketers behind the product. You do not want to be purchasing anything from affiliate marketers because they aren’t traders and have no trading knowledge. They aren’t like us, and they never will be. They just want to promote trading systems to sell to us.

The Trading System

The Bahama Banker trading software is old news. We’ve come across this exact same trading software multiple times in the past. Binary options marketers are constantly using the exact same software and re-branding it every few weeks. The problem is that this software keeps failing. In this case, the same software can be found in the Cash Loophole, Profit Replicator and Profits Eternity. Each one of these products uses a re-branded version of the same trading software and each one of them has failed miserably.


My opinion on the Bahama Banker is obviously clear by now. There are so many discrepancies and issues with the promotion of this software. The main issue though is the fact that this software has already failed so we know in advance that it will continue to perform poorly. It’s always important to do your due dilligence when looking at investment opportunities. Most binary options products are obvious scams because they promise thousands of dollars an hour guaranteed and that’s what we have this time around.

If you are serious about binary options trading I recommend that you use a signal software. This isn’t a software that trades for you. It’s a system that analyzes the market and provides you with signals that you can trade with manually.

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