Trade daily Pro Cutting edge technology or a new scam in the market

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

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  • Binomo
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FX Coin Bot Updated Review

FX Coin Bot is yet another trading robot for the Cryptocurrency and Forex trade market. It makes use of various techniques and strategic indicators in order to let your trade dreams manifest on auto pilot. One of the claims that its developers makes is that it’s a very simplified bot that can be used by amateurs or newbie traders. Since, the newcomers in this trade sector are not well aware of the finer details and tactics of the marketplace, FX Coin Bot seems like the dream option because of the over-simplicity of design and operation. But is this really reliable? Or, is it a scam?

One of the surprising factors about FX Coin bot is that the developers or company owners are shrouded in secrecy and any information regarding them has been kept anonymous. Although, the software claims to make CFD trading pretty simple and interesting (especially for the newbie traders), anonymity of developers still puts a big question mark on authenticity and credibility. At the very least, it disturbs me a little bit to not know the who is behind a product and puts the customer (investor) in a big risk situation when it comes to making an investment.

Getting to Know FX Coin Bot, Inside-Out

Every CFD bot starts with claiming to be “secure” and “best” in the market; but is FX Coin Bot all of this? Well, it is hard to find a lot of negative reviews about this. Firstly, you don’t have to download the software because it’s all on the cloud.

Secondly, the developers of this software claim that it is one of the most proficient systems out there that is making Forex and CFD trading not only simpler but also purely fun! They have set into motion an efficient trading system (much like our binary options software) that is backed with tons of research and tested (proven) market strategies to make the trading automated. Even with all this functionality, this Forex and crypto trading robot claims to demand no subscription fee for joining; i.e. FREE signup and no upfront charges. Eventually, you would have to invest some amount in a trading account, in order to get the software running (however, it’s all on auto-pilot…sounds cool!).

Another worth noticing factor in FX Coin Bot is that it tends to both types of Forex pair, BTC/USD and USD/EUR. Now, if you have stepped into the Forex and crypto market, you would appreciate this functionality a lot. This adaptability means that you get to have more options as a trader (which is a win-win situation) and just in case you are interested in making investments in FIAT currencies, FX Coin Bot would be able to assist you.

Strategy

FX Coin Bot, ironically, puts more emphasis on the fact that it’s not a subscription based platform. This “free signup” feature seems like a minor detail when you start observing other features that are more focused on the strategy and the indicators backed by tested techniques and trends.

The bot appears to be utilizing its powerful operating strategy from three streams…MACD, Exponential Moving Averages and Trend. FX Coin Bot indicators make use of the EMA, Bollinger Bands, Price action movements (they also mention, Ichimoku Kinko Hyo) and Stochastics. The developers claim that these techniques have 30-year history of success (that came with gradually improving on incoming data and results).

To explain FX Coin Bot’s strategy in simple terms, it would suffice to say that it is a combination of trading app and signals provider much like DaxRobot. Since, it is an automated bot it employs intricate algorithms to offer you most targeted trading solutions (thus enhancing the chances of success).

Analysis

Here are some facts and figures about FX Coin Bot…

● Company Information: Not Available
● Founded: Aug, 2020
● Strategy: Combination of signal provision & trade application
● Trading Results: Not verified
● Price: Free signup (deposit required for starting the bot)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Although, the signup process is absolutely free of charge…you would certainly need to fund the account in order to start the bot on auto-pilot. They require a minimum deposit of around €/£/$250 (but you can always start from more than that, e.g. €/£/$500). It is advisable to start with the lowest allowed investment to observe how things work out for you.

Trading Results

The official website of FX Coin Bot does not share any information regarding trading results, which is another flaw that the app-owners must rectify.

I much rather prefer Forex Fury, and Forex Steam, two automated trading programs with verified trading results.

Client Feedback

Even though the developers of FX Coin Bot haven’t mentioned any trading results, a lot of traders review it to be very positive. One of the users have shared that they “invested €500 initially and secured a good profit in just 3 working-days”.

Conclusion

Even with all of these features, I wouldn’t shy away from observing and commenting that the developers take somewhat amateur stance while introducing the product in todays’ competitive FX marketplace. The first mistake is the very absence of any information about the developers and then the website layout that they are using is very commonplace in the binary options trade market and seems more like a scam layout. They could have put a human face to the product to increase connectivity with potential traders and should have added some differential elements in the web-theme as well (to stand out from the crowd).

Now, FX Coin Bot is undoubtedly a recent launch and we may give benefit of doubt to the lack of certain required information (e.g. trading results that may have substantiated the lofty claims) on their website. With this limited time at hand, the bot has safely avoided any negative upheaval in the trading community and has mostly received appreciation and endorsements…so it does seem like a good product to try out. However, one can only test the waters by stepping in, but remember to put one foot at a time as opposed to going all in and getting drowned.

I would rate FX Coin Bot a 3 out of 5 stars.

So, will you be giving this newly launched (visionary) bot a try? Share your feelings (Comment below) towards this bot…hopeful or apprehensive?

Members

This is the official members area. Here you will find helpful videos, free software and anything else we believe we can provide you to help you in your binary options journey.

The best thing to do for any new binary options trader is to watch our three part video series. This will take about 15 minutes of your time and it will introduce you to binary options and have you winning in a very short period of time.

The Ultimate Free Video Guide

Other Helpful Resources

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Binary Today is a cutting edge binary options review site with the main goal of providing helpful tools and information on brokers, signals, strategies and more. We hope to develop a large community of successful traders and condemn the vendors that aren’t responsible for their actions or respectful to their customers.

Income Reports

In order to maintain the utmost transparency I now provide a monthly report on my trading figures:

Artificial Intelligence Software for Forex Traders

Since all Forex trades are spreads, pitting the value of one currency against another, it is truly impossible to employ single market analysis.

To make consistent profits in the Forex markets, traders must do more than just analyze the pair they’re trading. They must take into account a number of interrelated factors – from interest rates to other markets across the globe. Sure, traders know intuitively that these global market relationships exist and influence the markets that they’re trading. But, without the right analytic tool, it’s nearly impossible to detect and quantify these outside influences which drive today’s markets.

That’s why Forex traders worldwide rely on VantagePoint Artificial Intelligence Forex Trading software. This cutting edge software uses intermarket analysis to determine which currencies and other markets have the most influence on a target pair. VantagePoint software then takes this data through a patented, neural network process that produces a variety of predictive, leading technical indicators that make incredibly accurate short-term price and trend forecasts.

Artificial Intelligence Forex Trend Capturing Software

More so than most other markets, currencies are sensitive to government and central bank actions and policies that often play out over a longer period of time. As a result, currencies tend to be better trending markets.

But all too often Forex traders who employ trend following strategies often miss the onset of a big move. By utilizing VantagePoint’s trend-forecasting capabilities, users are alerted to trading opportunities before other traders, still limited by single-market, trend following indicators, even know what’s happening.

VantagePoint’s forecasts are incredible, with up to 87.4% accuracy on all of the major pairs involving the U.S. dollar.

Below are the forex currency pairs offered:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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