Created by Daniel Valck, Social Scalper is a piece of binary options trading software that takes advantage of social media chatter to predict the market.

What is the product?

Social Scalper is a trading bot for binary options created by Daniel Valck, an alleged social scientist and psychologist. He says that whilst discussing the nature of trading with his brother in law the idea of comparing market trends with social media feedback and chatter. The results allegedly lined up and the idea for Social Scalper was born. The bot is claimed to monitor social network sites and uses this to determine changes in market trends. Although the differences are minute according to Daniel Valck, they are substantial enough to generate a profit. In order to gain access to Social Scalper, you must register with one of 3 approved brokers. These are Platinum Trader, Vault Options and 2 Options.

What is the investment vs. the rate of return?

Social Scalper is sold as a free product but it is worth keeping in mind that you do need to make a minimum deposit through the approved broker. This will usually be around the $500 mark although it could be higher. In terms of the profitability of Social Scalper, Daniel Valck says that he makes $7000 daily. There is a lack of evidence available to support this though so I would take it with a pinch of salt.

Does the product provide value for money?

Despite being free I don’t believe that Social Scalper does provide value for money.

Conclusion

Despite an interesting concept, Social Scalper falls down in the business model which is typical of this kind of free binary option software. They exist primarily for marketers to make money through referral commissions from brokers and unfortunately, I am yet to see any conclusive evidence that they work as advertised.

This is all part of a continuously churned out number of products that follow the same set up and there generally there isn’t anything to recommend about any of these products and Social Scalper isn’t any different.