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Binary Option Auto Trading Review
For many people, binary options is a blessing, and rightfully so, I mean, it doesn’t have the complexities of Forex trading or the uncertainties associated with the stock markets. The returns are also bigger and faster than other types of trading. Surely, why play the lottery when binary options is here? Surest way to become rich, right? Wrong. While binary options can bring in returns of up to 95%, in some cases, the risks involved are far greater than in other financial markets which significantly reduces the probability of you getting rich in little or no time. Basically, it’s a safe gamble – you look up an asset, which could be a stock, commodity or index, analyze it and predict if its value will rise or fall within the given time. If it does, congrats buddy, you’re in the money! If it doesn’t, tough luck, you lose. And thousands of traders the world over have lost considerable amounts in trades gone bad. Others couldn’t cope with the tiring analysis and research required to place good trades. Some have even given up on the trade completely, and it is understandable. To some extent, binary options has become an “expert traders only game”, not unlike forex trading, and thus it had not quite reached its full potential in trader numbers.
The Need for Auto Trading
Then came automated trading, and things have never been the same. Automated trading systems gave apprehensive and inexperienced traders a glimmer of hope that enabled them to venture into the game. It also gave a new lease of life to experienced traders for whom the wheel of fortune had overturned and were now making loss after loss. The automated systems provide the best signals and execute trades on behalf of the trader as per their preferences and requires absolutely no input from the trader so they can go play some golf and come back only to check their wins, or losses. Of course, there are some amazing fake software and brokers out there designed to rip you off and take your hard earned money, but that’s a story for another day.
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How to Make Money with Binary Option Robot
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.Best Binary Options Brokers 2020:
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3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Now, to the purpose of this article, we are going to have a look at one automated trading system that has largely remained unknown. BinaryOptionAutoTrading.com is a new system and appears to be one of the most promising entrants as far as auto trading software and signals go. But is it?
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Introduction To BinaryOptionAutoTrading
BinaryOptionAutoTrading having been set up just a few months ago, is a very new auto trading software system. It would be safe to say the developers, whoever they are, are very disadvantaged in terms of time and will have to work extra hard to get to the level of more established software. That’s if they want to. Going through their site, every indication is, they don’t want to. First, there is no information about who developed the software and his, her or its (hey, it’s a crazy world!) credentials as far as binary options go. In case that doesn’t mean anything to you, you have probably never lost money to a scam broker or robot. If this is the case, pray it remains that way because, as hundreds of traders can attest, it is not a good experience. Anyway, lack of information about who came up with the software and for what reason should start the alarm bells ringing at the back of every trader’s head. Moving on, the official site is nothing more than a badly thought out, badly put together advertisement for unclear and vague software that is most probably a scam. Below are the features you will find in the software. Don’t expect too much though.
binary option auto trading main page
Opening an Account
For what it’s worth, which is not a lot, BinaryOptionAutoTrading.com has a relatively simple three step sign up process with absolutely no costs involved, well, that’s if you don’t consider the deposit as a cost. The first step involves the submitting of personal information such as name, country of residence (some countries do not allow binary options) and of course a phone number for easy access. Pretty ordinary stuff. After giving personal details and creating a password, the next step will require you to select your preferred broker among the ‘large variety’ provided by the site. Another red light here – the type of brokers found on the site are not well known and thus are potential scams. You don’t want to experiment with your money, hard earned or not. The last step is funding your account, of course that’s the deal here, and the site “recommends” you do so using a credit card. If that doesn’t sound odd to you, you should consider yourself lucky (blessed actually) for having such a good life. For the rest of us unlucky folks who have had the pleasure of coming across crooks and cons of all kinds, our danger instincts will be working overtime. If you still haven’t gotten it, most bank frauds are carried out through credit cards and the fact that the site does not list any verified account with any bank, points to them being up to no good.
Signal Quality or Lack Thereof
Now, the quality and reliability of the signals is a deciding factor when shopping for trading software. Every trader wants a robot that will make all the right trades for him, with little or no margin of error. That is the main reason why people choose trading robots, because they are supposed to trade better than human beings. If that was not the case, everyone would stick to personal direct trading. BinaryOptionAutoTrading.com has not provided information about the accuracy levels of their signals and it would be unfair to criticize the signals without further knowledge or trial. However, it is within all the limits of fairness to criticize the developers, whoever they may be, for being sneaky and not providing enough details to make any reasonable trader want to sign up. Unless their intentions were to rip off newbie traders in which case they are on the right track. So, all there is to the signals is the site owners statement and promise of “live and updated signals”.
In what can be regarded as a commendable and somewhat surprising move, BinaryOptionAutoTrading’s software is fully web based meaning no complex downloads required. Anyone who has ever gone through the pain of downloading some software knows how it feels and you don’t even want to think of the security risks involved. So, web based software, which is no doubt the way to go, basically means your PC is safe from malware. Don’t forget to update your antivirus though! To access the site, (no signing up yet) you just require your phone – a Smartphone mark you, or tablet or PC with a working internet connection, of course. Hopefully you will remember the url address BinaryOptionAutoTrading.com which is a task in itself! How unfair life can be. Having signed up to an account for free – who hates free things? – the software is simple and clear although it is way below average compared to the common robots we have seen. Blame it on the naivety or newness of the developers or simply an utter lack of creativity which is most likely the case. But then again, it’s for free so no reasonable grounds for complaints.
BinaryOptionAutoTrading risk level
Site Design, quality and overall feel
To be fair, BinaryOptionAutoTrading do have a very nice site with great design and sleek classy layout which will most certainly catch your attention. The sign-up form is the main feature on the site, accompanied by a tagline that is carefully worded for maximum promotional power. As it has always been said, the wording and phrasing of a site’s page will say a lot. If that was all we relied on, BinaryOptionAutoTrading would pass the integrity test with exemplary grades as the site is void of spelling mistakes and the grammar is on point, it’s even a joy to read through. Brilliant. A marketing strategy lecturer would be very proud and newbies will be totally smitten. But that’s as far as it goes, no trader who has been trading in binary options for even two weeks will be impressed by the site content which is, to say the least, completely lacking in substance. For one, there is next to no details on the owners or site creators, the accuracy of signals, jurisdiction or pretty much anything else. Hell, there’s not even a physical address or phone number to verify the site even exists legally. Now, are you still there waiting to be told in capital letters that there’s a 99% chance we are dealing with a scam? A very good one, you have to admit, but a scam nevertheless.
It should actually be referred to as customer service and is the single most important determinant of success in every business unit, and more so in the incredibly murky and unsure waters of binary options. Helping out and reassuring your clients goes a long way in ensuring their loyalty. In some cases, clients will stick with a business with crappy products if the customer service is great. That is the power of customer care but the BinaryOptionAutoTrading site owners clearly don’t know that. Although extra effort has been put in, the most positive we can be about it is to say, BinaryOptionAutoTrading’s customer service is, at best, below average. At a time when other sites are providing a wide range of means of contact including social media platforms and physical addresses, the site gives none of that, not even an email address. If in the unlikely event you decide to open an account and have an issue or an inquiry, you would like addressed, you can either submit it through the contact form provided or talk to a representative through the live chat feature that is so prominent and keeps popping up that it is even irritating. What’s more irritating is the long periods of time you will have to wait for replies which is more than it would have taken to come up with the solution yourself. The live chat feature is slow and unresponsive most of the time, and you will have to be connected to a customer care representative which is definitely not the way you want to spend your precious time.
To BinaryOptionAutoTrading, there’s a lot to improve here. First, if you plan on having an international clientele, it would be best to diversify the languages available and make the site available in as many world languages as possible. Next, traders want to be able to choose from several ways to contact you– and any sensible dictionary will tell you, for free, that two is not several. Maybe try adding a support email and phone numbers, both local and international. Thanks in advance.
Traders’ and Pundit Reviews
Fortunately, or unfortunately, not many traders have tried out the software and consequently there are few reviews online but that’s not to say there is no feedback. As a matter of fact, some of the traders who had the misfortune of using the robot’s services have decried the poor service, similarly poor and very limited choice of brokers and the relatively low quality signals that have caused dents in many trader’s accounts after trades have gone bad. Some traders will tell you how they can’t access their funds from their broker accounts even after complying with the rules. Yet others have sad tales of how their credit cards were hacked into and money taken from their accounts by unknown people who they (rightfully?) suspected to be the owners of BinaryOptionAutoTrading or their affiliates. As a safety measure, always make sure only the first and last three numbers are visible whenever you are sending photos of your card to anyone. It greatly lowers the chances of your card being hacked. Professional traders and analysts have slightly more reserved opinions, as is common with all professionals, but the underlying theme is common: BinaryOptionAutoTrading.com has not yet proved itself to be a serious site. There is of course the benefit of the doubt, in that the software system was only recently introduced and the developers may have limited knowledge of how things work, but then again nobody will want to gamble with his money.
How the Robot Makes Money
You may be asking yourself how the owner(s) of the site make money if the software comes for free. Well, one of the avenues of income is the commission received from the brokers when clients sign up through the link on the site. That’s the reason why you keep being reminded to sign up with multiple brokers apparently to “increase your earnings”. Only it’s not your earnings but theirs they hope to increase. Another source of income is when traders make losing trades. Since the trader losses everything, the broker shares a certain percentage with the robot’s owners and thus a loss for the trader is a win for the broker and robot. So now you know why no robot on earth will ever be fully committed to ensuring its clients win, that would be bad for business.
Pros and Cons of the BinaryOptionAutoTrading Robot
As with every single thing in the world, there are both some good and bad aspects of using the robot as explained below. As a polite gesture, the pros come first.
- Hassle-free trading
With the robot, you won’t have to worry about keeping track of your signals, tracking price, or movements before trading, which all require manual input. All you need to do is sign up, make a deposit and determine the limits within which to trade and the robot will carry out the rest. That helps a lot in ensuring convenience, since your daily schedule won’t be affected in any way. Well, unless the few minutes for checking your wins/losses will have an impact. Also, there are no complex charts and indicators to learn about as the robot contains all that knowledge for you. This will surely work well with new and less experienced traders as well as expert traders wishing to increase their profit margins while reducing the inconveniences.
- Free Software
The software comes for free and is 100% web based which makes it even more free as you won’t have to download it and incur storage space costs. Thus, it won’t cost anything, apart from precious time, to try out the software and if you decide to split you can do so without any regrets.
- Poor customer care
As earlier said, BinaryOptionAutoTrading’s customer service is nothing to speak of and it can be frustrating when you have an urgent question and the reply takes too long. This is definitely one of the big turn offs about the site. Add this to the fact that support is only available in English, and you get a large number of non-English speaking nationalities being locked out.
- Minimal information
There is very few details about BinaryOptionAutoTrading which makes it very hard to trust them. The main site is, in itself, nothing more than a grammatically correct ad with no substance whatsoever. Who are the owners? Where are they located? What are their goals or objectives? such details are very important to traders and the fact that they are absent is suspicious, to say the least.
- The trader losses control of the trading process
When you sign up with the robot, it means you have given up all control and thus won’t be able to actively participate in trading. The robot will obviously not make the kind of choices you would which increases the likelihood of you getting pissed off and breaking a few pieces of furniture. And hurting your hand in the process!
- Overlapping interests
As with every trading robot out there, the owners will have to balance their own interests with those of their traders and brokers and it is never a perfect balance. The traders’ interests are always almost last which means they will be the ones left crying while the brokers and site developers laugh all the way to the bank.
- No way of verifying the software
There is no way of verifying the performance of the software before signing up through third party sites, as is common in forex trading. That the available information about the software is sparse only makes it worse. Thus, traders have to sign up and deposit the minimum amount, as per the brokers requirements, to effectively test the software, placing their money in harm’s way in case the robot turns out to be a fraud. In the wake of recent events that triggered public outcry calling for regulation of the robots, one cannot trust the screenshots showing traders winning huge amounts from using the robot. Better safe than sorry.
- Instances of spamming
BinaryOptionAutoTrading shares the personal details you provide when signing up with its affiliated brokers including your phone number and email which is an invasion of privacy and effectively makes you susceptible to spamming from the site itself or the brokers. And there’s a very high likelihood that you won’t appreciate receiving endless promotional emails from brokers with funny names at four in the morning.
With everything being put out in black and white, there’s nothing much left to say. While BinaryOptionAutoTrading.com has not been satisfactorily proven to be a scam, it has not come close to being proven to be legit. As the saying goes “the greatest feat of all is the fear of the unknown”. BinaryOptionAutoTrading is a risky bet as very little is known about it and the developers are not even known in the event you want to take legal action. Most importantly, there are hundreds of better robots out there which offer much higher quality and returns. It’s all a matter of making the right and most profitable choice.
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BinaryOptionAutotrading.com Review: Is Binary Option Autotrading Scam Or Legit?
If you are looking for a binary trading software that works, then read this binary option autotrading software robot review. Binaryoptionautotrading.com is among the best automated trading software, this autotrader is professionally designed with high win-rates and it is very easy to use.
The good news about this software is that all countries are accepted including US traders.
Features of the Binary Option Auto trading
The following features are available on the Binary Option Auto Trading platform.
- Trade Options: This is where you set up your trade amount, Maximum Daily Trades, Daily Stop loss(so your money won’t be lost) and Reverse trading(ticking this option is not recommended)
- Asset Options: Here you select the assets you want the robot to trade, the currency pairs you want to trade are selected here.
- Risk Level: This is where you select if you want the robot to use All the signals of few signals.
- Signal Time Frames: Based on expiry time you can select the signal time frames, which are 0 – 24 hours, 24 – 48 hours, 48 – 72 hours, or 72 + hours. You can trade on signals that expire within the selected time frame. If, for example you deselect the time frame “0 – 24 hours” you will not trade on signals that expire in the next 24 hours from when the signal are received.
- Signal Providers: Here you select or the signal provider you wish the robot to use.
Binary Option Auto trading Settings for Starters: These settings is good to start with: 10/25 USD a trade. Maximum trades a day 10. Stop loss 50. And all the other settings as was when you logged in. However, you can adjust the settings to your best need.
The binary option autotrading app software is compatible with the huge list of brokers, some of which are 24 Options, Porter Finance, Dalton Finance. Binary Capital Markets, Sigma Option, Barkley Capital, Skyline Markets, PlusOption, RBinary, STOXMarket, BinaryMate and lots more. You could open multiple broker account so this software could trade on them for you or you could stick with the broker it will recommend for you on sign up.
With the numerous scam binary softwares available in the market, you have to use a trusted software that has been recommended by professionals to trade successfully in binary options. Our team of professionals strongly recommend the BinaryOptionAutotrading software. This software has an amazing win-rate, and the good news is that all countries are accepted, there are no discriminations. The support is wonderful, they offer a live-chat support to traders.
Fighting online scams since 2020
Stay AWAY from Binary Option Auto Trading
In this review we look at a trading robot called “Binary Option Auto Trading”.
Binary Option Auto Trading is a system that promises 100 % automatic investing.
A software will trade for you allegedly based on signals from professional traders and advanced computer algorithms. And it is free.
Don’t trade with Binary Option Auto Trading
The first question that you should ask yourself is: Why would anybody be giving away for free a profitable binary options robot?
The second question that you should ask yourself is: How is it possible that a free binary options robot has an affiliate program and will pay people for referring new members, where does the money come from?
Answers to these question are very simple. People behind Binary Option Auto Trading are affiliated with unregulated brokers (Binary Tilt, RBinary, Finpari) and will get paid by these brokers for referring new depositors.
So how do they make you deposit with their broker so that they earn their affiliate commission? They have to make you believe that you will make money. So they created a piece of software that can trade automatically, but not profitably. And they force you to deposit first, only then you can start using the app.
It is important, because by the time you realize that Binary Option Auto Trading is a losing software, they will already have earned their commission on you. That’s how it works.
You don’t believe it? Have a look at their Terms and Conditions on the picture. In essence they say that you should not trade based on their system. Their signals come from a third (undisclosed) party.
So you should expect losses. So don’t risk it.
Binary Option Auto Trading is just one of many programs designed to make money to their creators through affiliate programs. The problem is that at the same time they lose money to users of their trading systems, so stay away from them!
Any serious trading program has to let you verify its performance on a demo account. You should never trade any system or strategy with real money if you could not verify how it works on a demo.
152 thoughts on “ Stay AWAY from Binary Option Auto Trading ”
Hi John! What can you say about Forex Fury? Do you have a review of that software?
Hi Romeo, I just don’t believe that a software that costs $200 can achieve the profits they advertise. It makes no sense. Besides, Forex Fury has a history of fake reviews on Forex Peace Army, so to me it is not credible.
Unfortunately I found your website to late. Based on BinaryOptionsExpert.net review of Binary Option Auto Trading and their #1 recommendation of it, and the fact that it was also supported by their recommended broker 24option, I decided to open an account with them. After opening the account, to my surprise I found that the only broker available to me to fund this account was Coinbull, with a supplementary broker called Crypto Coin fn. So, the minimum amount to fund this account using Coinbull was $275.00, and their minimum amount to trade is $25.00. I funded my account with $500.00 because of the matching bonus. About five minutes after funding my account, I received a telephone call from a person who stated that his name was Jason and that he was with Coinbull. This person called me at 4:06 AM and I live in New York! Well Jason welcomed me to Coinbull and tried to upsell me on making a deposit of $1,000.00 or $2,000.00 by telling what bonuses I would get at those amounts. I declined both amounts and told Jason that I was comfortable at the $500.00 deposit that I had just made. Jason then stated that with my $500.00 deposit, I would be looking at making about $800.00 to $1,000.00 a month. Jason then had the nerve to ask me what I did for a living. I felt that this was a bit intrusive. Jason also asked if I traded or bought cryptocurrency. At this point I ended our conversation and Jason said that he or another Coinbull manager would be in touch with me. Also, Jason called me from a phone number in Ontario, Canada. This all seemed highly suspicious! The next day I received a phone call from a person named Eugene who stated that he was with Coinbull and that he was my account manager. He then asked me how did I find out about Coinbull. When I told him that it was the only broker listed in Binary Options Auto Trading when I funded my account, he said what are you talking about, binary options is a scam! I then told him that Coinbull was linked to Binary Options Auto Trading and it was my only way to fund the account. I then sent him a screen shot, and he said that he’ll take care of it. Well, at this point I am seeking a total refund.
Meiner Meinung nach kann man mit diesem Broker sehr gutes Geld verdienen. Es war sehr praktisch, auf einer solchen Plattform zu arbeiten, und sie brachten alles ohne Probleme mit.
I am totally new to trading, I joined Universe Market trader about two months ago, they informed me that if I deposit a few thousand pounds, they would do all the trading on my behalf, which I did.They phoned me about once a week informing me that all was well and they were making profit for me.Last week they phoned to inform me that they had made about £27000.I have asked a few times for information as how to log into the website to view my account, no joy, instead the broker phoned me to add a few thousand pounds more to purchase some insurance so as he could trade higher and make a lot more and quicker profit.
I refused, but he said he would see if there was any other way of trading higher without taking bigger risks with my account. Whenever I asked about withdrawal, he always changed the subject.Have you heard of this broker or are they a scam? Your comments would be appreciated….. Thanks
Didn’t Australians deserve a good broker review? We are 25000000 strong. And your standard answer optionrobot.com is a scam, show some proof. Your word means nothing without evidence. New you wouldn’t address any of the issues I brought up. Your word is like gods work and you probably believe in him.
I don’t know about any good binary options broker regulated in Australia, that’s the problem. I have some experience with HighLow, VantageFX and CoreLiquidityMarkets and I cannot recommend any of them, because my personal experience is not good. As simple as that.
Concerning Optionrobot.com, read the linked review, you will find evidence in it, we made a video where you can clearly see that the demo of the robot is manipulated. And if your answer is that the demo can use fake prices because it is a demo, than please spare my time.
Would you be surprised to know that optionrobot.com is licensed through CySec. I only found out today. Why would CySec issue a license to a trading robot!? I know your answer before you say. It’s a scam, that seems to be your standard answer to all questions. I’m not, what you call, a spammer or trying to advertise anything, I’m a 67year old Australian. I’ve been looking at your site for a licensed, trusted and regulated brokers. Every time I selected a site there was no information just IQOptions. You’re aware that Aussies are not welcome. I’ve been doing research on brokers and their appears to be thousands,no, tens of thousands. Your response would be scam and scam to infinity. You don’t recommend one broker that we can use. The only broker you mention, time and time again is IQOptions. Do they pay you commission for your recommendations, it seems strange to me that in the entire world there’s not a single broker that you recommend. Also your word is final, you shoot down anyone who makes a suggestion.I have been in the financial industry for 30+years and I have never come across such a closed minded egotistical person as yourself. What is your claim to fame, can’t see that on your site. Do the world a favour and keep your paid for opinions to yourself.
You started your comment with a big lie, Optionrobot.com is not licensed by the CySEC, because Optionrobot.com is a scam. Therefore I don’t see the need to react to the rest of your comment, just a quick note about IQ Option – show me another reputable and regulated binary options broker with an unlimited free demo and we might list it as well.
And a message to all other people: You don’t have to trust our reviews, if you have any doubts, contact your national financial regulator and check with them whether any investment program is legit or not. I am absolutely certain that you will always get the confirmation of what we say in our reviews.
i am used binary option auto trading robot and losed my 250$….this site is only earning by affiliate programm….and losed all fund of clients………..
Hi John Novak I am an australian who has have been scammed by BINARY OPTION AUTO TRADER who assigned me Utrader broker, when they would not start Auto trading for me I smelt a rat, and tried to withdraw my funds, well what a joke all the bull I got about I not answering my phone issued with fake no,s one was the Dominican Convent the other not connected every time I complained was told it was my fault I think you are right in saying their is no such thin as an auto trading robot I just hope if I can learn to trade manually and build up my account from usd500 I will be able to withdraw I think Urtader is a big well respected trader in Europe
Hi, UTrader is not regulated, in fact, the Financial Conduct Authority from Britain placed this broker on a black list recently: https://thebestbinaryoptionsbrokers.net/fca-published-a-black-list-with-94-binary-options-firms
thanks John you were right on the button when you pointed out some reviewers have been bought out I will do my money by the looks of it happy new year to you
I invested £500 and after an initial “win” I keep losing my money ..now I am down to my basic investment and fearing of losing all that I want out… but they will not return my orginal investment even under the threat of legal pursuants … I bitterly regret at ever getting involved with these companies and WARN others not to do so… you money is not safe
John your not as knowledgeable as you think. Every decent website related to trading binary options has that disclaimer at the bottom, except yours of course! There are plenty of binary options brokers in Australia licensed to ASIC it’s just your knowledge that lacks. Goldrock get off this website and find another!
I am not saying that there are not licensed brokers in Australia, I am saying that in Australia there are no licensed brokers that I could recommend. I have some personal experience with HighLow and Core Liquidity Markets. Both are licensed, but I won’t recommend them because my personal experience with them is not positive. That’s what I’m saying. And concerning disclaimers, our site is full of disclaimers in the shape of articles that warn about binary options scams (more than 700 articles). In every article we repeat that there is no free money in trading, that free systems will lose your money and that to make money in trading you have to learn and build yourself a profitable strategy in testing. And unlike the vast majority of other binary options websites we don’t promote any trading system. I think that we are doing a lot for the raising of the public awarness about how binary options really work.
Firstly, thank you so much for your website, I am sure that it has saved many a soul from losing hard earned cash through fake Binary Option Robots…we need guys like you!
I would however like to make one comment with regard to IQOption. After reading your post about a free demo trading platform with IQOption, I went to thier website to try out thier Demo, however when I tried to Register to open a free account, I received this message on my screen:
“In accordance with the Terms & Conditions, the company is not entitled to provide services to residents of the United States, Russia, Canada, Australia, Belgium, Israel”
I live in Australia, so was excluded from using the free demo platform. I felt it prudent to mention this to others who may reside in the countries mentioned in the above text.
Hi, yes, I know, but unfortunately I don’t know about any binary options broker licensed in Australia that I could recommend.
Okay, thanks but can you give me a book to read on that or any strategy, please John have been ripped and I don’t have anything again,….Please John I look forward to hear from you. Thanks
Hello what legit way can one earn a moderate income monthly, because I was ripped by f** bitcoin scammers, you think there’s scam in binary option, try the cryptocurrency then you’d know this world is truly a wicked world. JOHN any advice? ??
Hi, money can be made in trading, but profitable strategies are not shared in the public domain, because traders are competitors on the markets. So don’t expect to find a free profitable system. You can try to build your own strategy, but it takes time and learning.
Thanks John I now know which one to trade with because here in South Africa scams are like wind blowing all directions……
ITS A GREAT PLEASURE TO HAVE U ON THIS,IF I MAY ASK,ARE MARKET.COM, ETORO, IG TRADING, FX PRO, TRADING 212, ZULU TRADE, SPORTWARE C-TRADER, U-BANKER,ARE THEY REGULATED OR NOT?
Hi, Markets.com, Etoro, IG, FX Pro, Trading 212 are regulated. Zulu Trade apparently is regulated too, but they don’t give enough information, so it doesn’t inspire me confidence. Sportware C-trader is a platform, not a broker. U-banker is not regulated.
hi john, what can u say about OLYMP TRADE?
Hi, Olymp Trade is not regulated, stay away.
hi john, what can u say about XTRADE?
Xtrade is regulated broker, but I don’t recommend it, because recently they had some problems and had their license suspended. Meanwhile XTrade Binary is a scam.
I received an email promoting this bot. It sounds fantastic, a way to make easy money. It does not happen. Investing takes time and education. I have been trading for about 12 months now. I use 1Broker and Etoro. And i do make money. I use copytrading. You will not make money in 1 week. You need to let your investment grow for a min of 12 months. Yes there are people that make alot of money off trading but they study the markets.
Personally i started with $ 500 with 1 Broker and $1000 with Etoro. After 3 months i was making about $ 400 a week
Use common sense folks. Stay away from the get rich quick programs.
I am currently looking out for a legal binary trade app, can you let me know of any and also it would be great if you can review this website as well as per your comments above and a few who do not agree. I am a but skeptical about this below link now.
Hi, I believe that all binary options auto trading systems are scams. If any website is saying that Binary Option Auto Trading software is legit, it is a scam too.
I hope that in a torrential storm of dic*s all these scammers choke on one.
What about EXPERT OPTION? is it reliable? Thanks.
Hi, we don’t have any feedback about Expert Option, but as it is not regulated in any country with a strong binary options regulation, I would stay away.
Thank you for your review with binary options trading. I’m about to sign in but after reading all the comments here, I backed off.
What’s your opinion with xtrade.com?
Hi, Xtrade is a regulated Forex broker, that’s all I can say. But beware of Xtrade Binary, because it is a different thing, nothing to do with the regulated broker.
I will be patiently waiting for a reply, because, I actually opened 2 different platforms just to be sure if the expired trades are axactly the same time as on other plartfoms.
Another strategy that I’m using and it is giving me over 89% win rate daily is as follows: I open binary robot 365 demo and set it on 5min expiry, then on the other hand I Open my IQ in real account then coppy what br365 did, honestly I always in the money.
If you guys don’t believe me on this I can screen shot my real account and unfortunately demo doesn’t keep history but if u are a trader you will notice on my real account that no human can be so accurate using turbo.
Thank you, I’m not a scam, I’m just a boy from south Africa… Thank you
It must be down to some luck, because Binary Robot 365 is using a fake demo. It is based on the White Label Robot scam software, just like dozens of other scams robot. See our review. The robot fakes results only to manipulate losers to winners.
Well said on your side…
But once again, do you know about binary robot 365?
In the demo is doing absolutely winderful., also it goes with all the prices expiry times.
Please explain and help in this case as you have mentioned that demo is also important
Thank you so much for this article! i’m new to trading and almost downloaded the binary option auto trading. I would’ve lost a lot of money if it wasn’t for all the comments. Really appreciate what you’re doing here!
You are just lying, i tried it and it works. So? What do you say now? You are stupid, ok? In 1 hour i made more than €500. Surprised?
No, not suprised, scammers often come to our website to promote their programs with fake reviews.
I am also starting to notice, after a few weeks of reading their reviews, that brokerscamalert by Anna Georgieva is also a scam. If not a scam, she does not mind intentionally misleading users for profits. Very disappointing. She seemed to be the only true reviewer out there.
But your reviews also seem genuine at first glance.
So how am I to know that you re not also a scam site posing as a true reviewer?
It’s simple, all binary options robots, systems and signals services we have reviewed so far were scams. We do not recommend a single one, unlike other review websites that expose some scams but endorse others.
Any advise on binaryrobot365?
Jake Mason’s saffa method working with Plus Options as their broker is also a scam. Last week I funded my account after trying for some time in a demo mode. I would get response within seconds on the questions I asked on live chat while I was on demo mode. The moment I deposited the money, I never got any responses anymore. Some guys pretending to be account manager n senior account manager claimed they have been trying to call be yet that was a lie. I have placed withdrawal requisition and I only imagine the BS of a response I’m gonna get. Stay away from Plus Options and Saffa method. They are scams
I live in Belize Central America and I am a beginner in the binary options industry. I have be researching the industry for about a year now and my findings are similar to yours about this type of online trading.
Can you tell me anything about Ayrex.
I have read that IQoption is not regulated this side of the world Central America
24options my other option , which is regulated by IFSC here in Belize.
Are they any trusted brokers you personally would recommend regulated or not.
Furthermore, I am undecided if I should combine a signal service provider (by Agent Matt of Binary Options Agency) with my manual trading.
Hi, I certainly recommend trading with regulated brokers only. Ayrex is not regulated. 24option is regulated, but they have a bad reputation, the French national regulator banned them in France. No offence, but I believe that financial regulation is stronger in the EU than in Belize. So I think that you are safer with an EU regulated broker like IQ Option.
Concerning signals, so far I haven’t seen any profitable service. If they let you try the signals on a demo, you can do it and see how it works. If not, stay away, certainly don’t start trading signals immediately on a live account.
Anything you know on SPEAR TRADER”. Some said legit and some said scams. Thanks.
Hi, Spear Trader is not regulated, I would stay away.
Am now planning for my retiring,,I tried to log – in to ” binaryoptionautotrading ”..and they forwarded me
to a broker the ” Binary CM “..Is this not a scam ?
Your advice for me will be much appreciated..
Thanks and good day…….
I’m looking for a good BINARY OPTIONS SIGNAL PROVIDER and please tell me if you know some.
Currently I’m trading with IQ Options. Thanks
Hi, I’m sorry but I don’t know about any profitable signals service.
Hi John. Binary Scam Advisor recommends Binary Option Auto Trading as the “only” robot that is NOT a scam? Are they linked in any way? Reading all the comments and your own review, I am now uncertain as whether to even consider them.
Hi, in that case Binary Scam Advisor is a scam website. It seems that they promote Binary Option Auto Trading with an affiliate link. It’s either this or money is free in this world and everybody will quit their jobs thanks to Binary Option Auto Trading. I suggest you ask your national financial regulator about Binary Option Auto Trading, I’m sure they will confirm what I say.
The people working at Banc de Binary are the biggest scamster in binary options. I have learnt the hard way and lost all my savings. The best option is to learn and educate yourself. There is no easy way to make money.
Hi John, thank you very much for your reply.
Hi John, I totally agree with you and appreciate with your work. Is ExpertOption a regulated broker ? Please advise, thanks..
Hi, no, it’s not regulated.
Do you know about EPIX TRADER because every body who writes scam review is telling that this is the most advance AUTO TRADER can you please check this out tks
Hello, it’s just another scam, see our Epix Trader review.
What are you guys talking about here . You guys still try something but you don’t use your brains…WALL STREET ! If there is a robot that can make money automatically why do they go there and work for 8-9 hours or even more selling buying stocks . I Guarantee there is no working auto trading bot. I’ll tell you more that all is scripted so you might make money for the first couple of days before you make a big investment because you sure it works but that’s the moment when you will start loosing your money. DONT INVEST WITH BOTS trade with Account managers or people who know how to analyze the market
Hi John, seems like we all ask about the same but different robots… Do you know anything about Exante? Tnx in advance.
Hi, do you mean exante.eu – the broker?
Hi John how much do you know about Shawn Anthony uses email:[email protected]
Hi, I don’t know him.
this binary world seems full of scammers. I believe you can make money in this world, would like information on how to start and learn binary in safe hands, can you recommend any website to help a total beginner in binary please
Hi, you can start at babypips.com. It’s about Forex, but technical and fundamental analysis is valid for binary options too.
thanks for everything John, you are a wise soul!
Hi, Just a further point IQ Options is regulated, and has great software platform, but for those who not now, this broker the “PUT” or “CALL” option is your decision not a so called ROBOT, I agree with someone else’s comment it may take longer to achieve, but if you make a mistake it is YOUR fault, NOT the ROBOT. However I can tell you my record within 3 hours was £ 105.00, I at this point decided to call it a day, that was from a £10 start, My Point……….. THAT was a great feeling, a ROBOT cannot give you that. SO please take mine JOHN and others advice stay clear of ROBOTS, do it yourself.
24 Options also can be run by you and are regulated, very good, however I personally prefer IQOPTIONS.com, very simple software and you get FREE demo/Practice for life, plus all the backup, videos, etc. Before you ask NO I am not a affiliate, just trying to help as JOHN has, check it out, its your money, your life we all make mistakes, but hopefully this will not be the case. Thanks.
Spot on John, thank you so much, I have been using IQ options for a couple of weeks and it is very hard work, as you need to concentrate, however I was over £300 up in less then a week, but the old greed, kicked in and within minutes I lost it, I have since “clawed my way back” and I am £30 up. But I too thought there must be a easier way, ie. Robots. I signed up with Option Robot.com, for £250 but without trading I realised it was not for me, and I withdrew. Fair play to the broker which was 24 Option I received my money back in 2 days. Just for the people looking at this one thing kept bugging!! me was that optionrobot asked for initial $250, which is around £200 GB, so why would they not accept my £200 deposit. Ask yourself. I was lucky I did not trade and got my money back. But if I had gone on they where already £50 up on my deposit. John great advise keep it going if you help at least 1 person, it is worth it, Thanks again.
Technology or not, I think the old saying still holds true: If it’s too good to be true, it is too good to be true.
Much as I want to earn extra on a much easier way, I simply can’t risk my hard-earned money just the same so I continue to try my best on what I really do best to earn.
Robert, you are the wiser! As John suggests, patiently learning to trade manually is the answer. No ‘open sesame.’ Good luck!
May I offer you my thanks in what you are doing and for no reward or commission, like most of the others who make commissions when you sign up through them, I have only just realised what you are saying is what has been crossing my mind recently!
I signed up with, FashCash.biz and was given Ivory Option as my broker, I did manage to withdraw most of my deposit, except for a little I lost in my own bad trades, then I signed up with Lexington Code and lost some money, not all my deposit, I stopped before that happened, the latest one is Nuvo Finance, this one is fairly new and shows a lot of possibility to make money, so I believed, I made 9 trades and lost 5 of them, I started with £250 and ended up with £203 which I have placed a withdrawal notice, another auto scam down the drain, now I have found John Novak’s site, I wont be losing anymore money on these scams and spammers, all I will be doing in the future will be my own trades, with a strategy that still has to be put into action, but given time and a lot of patience may make a little cash!!
John, if you have any sound strategies you would be willing to pass on to me, you have my email address?
Bravo John Novak, based on my personal experience, you are perfectly right! Despite all their claims, Binary Option Auto Trading (BOAT) is an obvious scam. They collude with brokers to defraud traders. Likewise, despite its so-called reputation, readers should be careful with 24option. Yes, they are a regulated company, but that does not mean that they operate responsibly. Around January 27, 2020, I opened an account with 24option. My intention was to deposit $250, but their representative encouraged me to increase it to $500, promising to give me a 100% bonus. But after depositing the $500, the account manager assigned to me insisted that if they gave me the bonus, 24option would be a joint owner of my account. This means that I would be trading, while they would be sharing whatever profit I make with me. The representative who urged me to increase my deposit to $500 never told me about such a condition. In the end, I did not talk about the bonus again, and they did not give me any.
When I opened my account with 24option, I did so through Binary Option Auto Trading (BOAT). Some websites promote the BOAT software as being fantastic at making profitable trades on behalf of traders. See for example, the website, ‘Binary Option Auto Trading Software Review: A Trusted Automated Platform’ (please also be careful with the owner of that website, Anna Georgieva, who appears to me to have some interest to serve. I posted a comment there about my recent experience with BOAT, but for some strange reason, it disappeared).
Shortly after opening my account with 24option, BOAT informed me that they had installed their trading software on my account and that I should do some setting, which they did not even care to explain to me properly, despite being a new user. Between Jan 30 and Feb 3 2020, while I was still busy trying to complete my account verification process at 24option, I lost access to my account and could not login. When I finally regained access late on Feb 3, I found, to my greatest shock, that my account had been reduced from the original deposit of $500 to $196. I immediately contacted 24option for explanation, but they insisted that I had been trading, which I denied.
On Feb 6 2020, 24option informed me that the BOAT software had been trading on my behalf (without my knowledge). By this time, my account balance had further been reduced to $166. I then complained to BOAT, requesting them to turn off whatever software they had installed on my account. They asked me to login at their website and click a certain button to deactivate, which I did. On that same day, they confirmed to me that the software had been deactivated. Despite that, by Feb 8 2020, my account balance was once more reduced to $165.44.
One does not require the brains of an Einstein to understand that the BOAT software consistently traded losses for me. Also, by shutting me out of my account, they made it impossible for me to quickly discover what was happening until they had substantially depleted my account balance. It also baffles me how trading on my account could have occurred when, according to 24option, ‘in order to start trading you will need to upload a few documents in order for us to verify and approve your trading account.’ Interestingly, since losing my money, 24option has been bombarding me with emails and text messages to complete my account verification process. You can also read users’ comment about 24option at this website – *** (link deleted by admin, because the website promotes scams like Binary Option Robot).
I share in your grievances and wish to thank you for sharing this helpful but sad experience.
I almost got into the same trap but you’ve save me from making the same mistake.
First: I have not signed up yet, I am not affiliated to earn commissions.
Second; I read about Daweda / Broker … A broker Licensed and respected in the world market.
Third: That, Daweda has a semi auto trader, who needs SETTING first before connecting..this Software
Fourth: The customer will have to read the Economic Calendar first, to know the volatility of the day market. Primarily news of the three red bulls of certain currencies., Put stop loss, stop trades, amount of money to apply, how often, choose the less volatile pairs currencies; Etc. etc.
Daweda, would not put this Software to rip the customer money, this would be for a help, for anyone who has notion of Market binaries ..
I’m analyzing for sign up, what’s the opinions here on the Forum?
Daweda is relatively new, only one year old, so it is way too early to talk about respect.
Bonjour, je suis commerçant canadien, depuis près d’un an et je peux vous confirmer que John et son équipe vous donne leur juste, lorsqu’il vous dites c’est un scam, un escroc vous pouvez les croire,
j’ai testé différent Robots et courtiers je me suis fait prendre a faire des test a cause des sites qui font la promotion de courtier malhonnête, je suis heureux d’avoir tombé par hasard sur votre site, car je m’apprêtais a ouvrir un compte avec option robot auto traiding, n’ayant très peu d’information sur eu, je cherchais en savoir un peu plus, merci j’avais un gros doute maintenant que je sais
,Finalement a vous tous qui lisez cette chronique, consulter régulièrement se site, j’ai lu les analyses des courtiers avec qui j’ai ouvert des comptes et c’est la pure vérité sur eux.
The penny millionaire
The lexingtone code
The snapcash binary
The wiki trader
All those were tested by these guys and gave fabulous results.
Check their YouTube channels up there.
The problem sometimes with a legitimate software is a bad broker who does not wanna connect the software to the account bcz it will cost them a lot of money to be paid to you. So they Deactivate some of the algorithms of the software to not let it perform at its best.
But those guys are connected to good brokers, the ones regulated in Europe.
In the other hand the scam softwares are made by the scam brokers in the first place to make you deposit and loose your money.
All these scams use paid actors that appear in a lot of scams under different names. All these scams use fake testiomonials with paid actors from Fiverr and other sources. All these scams use losing software that is used by a lot of scams at the same time, only the name changes, the app remains the same. We prove all this in our reviews. And real users confirm that these scams are losing money.
I am not saying this to you Adsmart, because you obviously are one of the scammers promoting your work here, I am saying this to our readers. You can either believe our reviews, our proofs and real user comments. Or you can believe that there is free money for everyone in the shape of free binary options robots that will end unemployment and poverty in this world for free. What you believe will not change anything for us, unlike scammers we won’t make any money should you believe these binary options robot work or don’t work. Those who say these binary options robots work, promote them in their fake reviews with affiliate links, so they get paid for it.
Ok sir I’am a lier and a deceiver. I’am just promoting links to facing softwares with fake videos to get paid, alright.
2- *** pay attention to the name of the brokers, they are regulated brokers in the UK, go ahead and contact the support of those brokers as many of them as you want, then ask them if they have those systems connected to the clients accounts, then you will find out about the truth.
Now how come regulated brokers would allow scam softwares to be connected to the clients account and cause the customers to loose money, that would be bad reputation for regulated high rank brokers, they would loose business.
If it’s connected to a good broker who activates its algorithms, it simply places trades for you very quick, faster that a human being, with anylisig the trades, the software chooses the high possibility winning ones using the algorithms integrated in it, but that’s with the condition that the broker connects the software to the account and activates the algorithms.
Now if you are a man don’t delete this comment and post it.
I edited your comment, because you are just trying to promote your scams here and we won’t allow that. Now let me address the rest of your comment.
1) There are no regulated binary options brokers in the UK, because binary options are not regulated in the UK as an investment tool. Here is the proof: https://www.fca.org.uk/news/press-releases/fca-proposes-stricter-rules-contract-difference-products – “The FCA is also setting out its vision on a range of policy measures for binary bets that would complement existing conduct of business rules, once these products are brought into the FCA’s regulatory scope.” So you proved again that you are a liar. Now all the binary options only brokers that show a London address are not regulated, the real owners remain hidden, they just bought a postal address in London, they have no real offices there. These brokers participate in many scams.
2) Do you think that anybody really believes your fairy tale about you being so kind that you are investing your time and work in making other people make money for free? We are not that stupid. I repeat, in all our reviews we provide proofs that these programs are scams. These are tangible proofs that you cannot undo or hide. Just one example for all: Wiki Trader that you promote. The sick bit*h who claims to be the CEO of this program calls herself Kelly Wallace and she says that her company created a software called Wiki Trader. But this exact same software is used by dozens of other programs, all saying the same bulls*it about a unique program, see the proof on the picture in the review. What’s more, this same sick bit*h called herself two years ago Sarah Markel, the creator of the Quick Cash trading system based on a secret that her kidnapped husband discovered. It could not be more obvious that these programs are total scams, so stop your bullsh*t!
We are continously receiving real feedback from real people who have fallen for these scams. They all lost their money. You sick motherfu*ker should realize that often you scam people in desperate life situations, who use their last savings with your scams hoping it will save them. These people are often old and/or ill and desperately need money. And you make them lose their last savings. You are destroying lifes! Stop your crimes before it’s too late. You really make me throw up!
I apologize to everybody else for words I have used, but I have seen several people and their lifes destroyed by these scams, because they lost their last or even borrowed money with them. So scammers that are trying to promote their work on our website make me really angry.
Thank you for website John Novak.
It makes a lot of sense. Your website avoided me putting any money down ($250), which I needed to put down first before the “guy” on the phone would deal with me. As I never put the money down, phone calls persisted from his “colleagues”. my data at that point was sold I assume. It was via Banc de Binary, which sounded very legit. And very easy to open an account. But some thing just seemed off, as they were very pushy in wanting me to send the money, they were rushing me, saying I should trade now as I would make money now, so “could I transfer the money today still”.
Cruel Cruel World out there with these scammers.
Hi James, Banc de Binary was so cooperative with scammers that in the end they could not withstand the complaints and had to renounce the EU licence.
I agree 100% with you John – all these scammers should be shot!
bullshit all the names you mentioned are scams -clearly you are getting paid to promote and rip people off – how do you sleep at night
All of you follow this professional trader , his name is Paul : prestigebinaryoptions.
Prestigebinaryoptions is a scam website that promotes scams like Code Fibo and Paul is a scammer.
That’s a lie, I have all the evidence I tried all those software sir.
It seems like you just jump to conclusions and you are not following up with the industry.
Code fibo is amongst the best signal services out there, it’s just a signal service, it used to be an auto trader.
So all these guys are scams:
(Youtube links deleted by admin)
All those systems are tested live, you are just talking without testing anything sir, most likely.
Everything is scam to you.
Let people subscribe to the Channels and find out.
These guys are good in exposing the worst scammers out there and every single scam that get released in every single week.
Try to be realistic and subscribe to these channels so you can be on the top of the industry instead of being close minded.
I have almost 10 guys who are in this industry trying scam software and losing their own money to warn people and present the good systems to them.
A broker can be bad by not connecting the softwares to the accounts or deactivating one or more of the softwares algorithms, do you would thing the software is a scam.
But there are a lot of software scams of course.
If you want more people to follow with their channels , let me know everybody.
Please stop spamming and lying. All the Youtube guys you mentioned are scammers, they promote these scams with affiliate links. Nobody here is so stupid to believe that there are several free money making robots. Free money does not exist. In every review we publish we provide proofs that these programs are scams. We have reviewed more than 400 scams and every time we proved our conclusions.
(Youtube links deleted by admin)
So all these guys are scams .
I got at least 10 professional traders trading full time , they test the scam oft ware with their own money live and they test the good ones live to present them to people.
I just posted 3 only.
The last legitimate software that came out was the Lexington code , a legitimate great software that was tested by these guys, live.
If you want me to post more videos sir let me know.
Excuse me but you are just a liar and scammer. You have sh*t and not a single professional trader. Videos with positive results of Lexington Code and other disgusting scams are faked, because you guys are promoting this crap for money. And you dare coming here promoting your scam?! I repeat, in every review we provide evidence proving that these program are scams. Just read our reviews and you will see.Best Binary Options Brokers 2020:
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