Binary Option Auto Trading Review: Combination Of Expert Scammers! – Updated 2019.
We have got a few emails from traders for a couple of weeks. So, in this review, we are reporting the failure of Binary Option Auto Trading Software’s performance and its scam activities.
Read this review carefully, so that you can get all genuine information regarding this trading software. Interestingly, Auto Trading Software has some similarities and differences when we compare with one another for Best Binary Options Robot.
We have invested time and effort to deep dive into the performance, withdrawal, and support of this platform to understand how legit, reliable, and profit-making this is.
Thus, Binary Option Auto Trading is an interesting software, but we are not recommending it for our traders anymore.
At first glance, we will see the background of this trading bot.
What Is Binary Option Auto Trading.
High Capital Risk Is Involved In Financial Trading.
Binary Option Auto Trading platform is 100% automated. It is a free SAAS (Software As A Service) that lets you receive free Binary Options and Cryptocurrency Trading Signals from 3rd Parties.
Traders from all over the world including USA can trade with this trading software. This trading system is claiming that – behind this auto trading software, a group of expert and experienced traders are working with the best programmers.
The establishment date of this trading software is May 2016.
They claim that a group of expert traders works behind this software. However, in reality, we failed to find out the background history of this trading robot.Even after opening the platform, you will find a video where a person named JERRY introduced himself as an experienced trader.Additionally, they don’t give traders any information, or any last name to verify who the person is. Investment via online, it is essential to know whom you are dealing with. So, they are not transparent to their traders.
Benefits That They Claim.
We got many benefits and interesting features of this automated trading software and they are –
100% trusted automated trading software Secure and safe trading You can set the trading limit USA traders accepted 100% free signup Minimum deposit 200 USD – 250 USD based on broker Free VIP service.
Minimum trade amount $10 – $25 based on broker Daily Stop- Loss start from $10 to $500 Maximum daily trade 10 Work with regulated brokers Average win rate of 86% 24/7 customer support facility Variety of assets and time frames.
Yes, this is an automated software for binary traders. But the alarming fact is that you can’t place a safe and secure trading order. Apart from 2-3 brokers, most of the brokers are not regulated. The interesting fact is that we failed to found the existence of a few brokers.You will never get supportive behavior from the customer support team.On the other hand, they do not offer any demo account. So, as a trader, you have to deposit real money to introduce yourself with the trading platform. The number of trading assets is very limited. There is no such thing as a VIP service.
A Better Option For You.
As we said earlier, there are no real strategies, no real results available for Binary Option Auto Trading robot. It is important to check the background, whether it is automated trading software or a broker.
Depending on the software performance, legitimacy, and other factors, here are some safer alternative recommendations for all novice and experience levels traders.
So far, our recommended auto trading bots will not make you rich within a short time. But these bots will ensure you a safe trading platform with a standard return percentage.
The following trading robots have been tested by us and we recommend them for auto trading: BinBot Pro , Auto trading Bot , and MT2 Trading .
Our Recommended Robots.
BinBot Pro.
$ 250 Minimum Deposit.
Returns up to 90%
Demo Account: Yes.
Profitability:300% Bot.
$ 5 Minimum Deposit.
Returns up to 80%
Demo Account: Yes.
Regulated & Trusted.
$ 5 Minimum Deposit.
Returns up to 85%
Demo Account: Yes.
Fully Automated Bot.
Explore The Fake Testimonial With Results.
As per their claim, the trading system has a more or less 86% average winning rate on low and medium signals.
Additionally, you will get to see a testimonial from different traders with an image. Surprisingly, they are not real traders. We tried to find their identification on social media.
If you search on Google with this image, you will find them all over the place with different names.
The auto trading team created this fake testimonial with random peoples’ photos and fake names.
“We are not perfect. Our robot also lose the trade sometimes. So it is totally depends on yourself.”
After seeing the quote, you must be thinking that how reliable the platform is?
But this statement works as a honey trap for traders with bitter reality. After winning the first 2 or 3 trades, the performance will reverse, and you will lose all of your money.
In the Binary Option Auto Trading website, you will find total winning trades of the previous 72 trading hours. In reality, the trading result is a pre-build constant table.
You can also use the same result board on your website by using this pre-designed iframe that we mentioned below.
There are simply no verified trading results, or any traders in the market, who are claiming to be having good results with the software.
How Binary Option Auto Trading Software Scams People.
Let’s know how this auto trading software works for its traders for trading binary options and cryptocurrency.
The trading platform offers a few lucrative features for traders. However, by showing those features, they attract people to scam their money.
We are going to describe their scam activities step by step below.
Trading Dashboard:
After opening your account in Binary Options Auto Trading software you will get a personalized dashboard.
In this dashboard, all trading settings will be available. For each broker, you will get an individual dashboard account form, where you can change your settings for each broker.
You can see your balance, open trades, profits, trading settings, trading status, etc. You can also update your broker’s password from the Dashboard.
It is wise to select a trading bot that offers a demo account. A demo account always allows traders to test the bot before depositing money. Even after opening a free account with the platform, you will not able to see the dashboard and settings. Even more, to see the dashboard, you have to open an account with the selected broker.
Supported Brokers:
We found 9 supported broker’s platforms on their website. From the main website, you have to click the “Reviews” button to see the full list of the broker.
You will find a short description of each broker with some features.
There is no full broker’s review available on their platform. Furthermore, apart from the 24Option and BDSWISS, other brokers are not regulated. On the other hand, broker platforms like RBinary, Finpari are inactive. But, you can still see their names on the website.So, it is quite unsafe to trade with those brokers. Their website is not updated. You will find a lot of brokers according to the region which is not mentioned on their website.
Risk Level:
From the risk level section, you can control your trading risk.
There are four different risk levels and they are – low, medium, moderate, and high. These are indicating the confident level of traders as well as signal providers.
In the low-risk level, the robot will place a fewer amount of signals wherein the high-risk level you’ll get all signals.
Though you can control the trading risk, it is quite impossible to avoid scam activity. The trading bot encourages traders to depend on their trading signals. Depending on the signals, you have to choose the risk level. Their condition is low risk makes up to 2 trades in 2 -3 days, high will be up to 8,10 trades a day. Our team traded on a low-risk level, but we lose all of our investment. As per their calculation, we supposed to win 80%. But the ratio is 50:50.
Signal Providers:
From the signal provider section, you can select the signal provider which you want to follow. Each signal provider has an individual trading strategy. There are seven signals provider and they are –
By clicking the Active Button , you can get signals from your desired signal providers.
We have tested all of them individually for measuring the signal performance. Most of the signals are not even semi-accurate for traders. Even more, we asked for the name of experienced traders. They deny to give us the name.Moreover, they don’t give us any insight into how each of these traders is approaching the markets. They have professional in-house scammers who deliver the signals along with some computer algorithms. So, you will never win your trade if you realy on them.
Scam On Deposit And Withdrawal.
As we mentioned before, the minimum deposit $200, depending on the brokers. But, they encourage their traders to deposit $500 so that, they can easily do fraudulent activities with traders.
You can deposit money using various methods. It is quite easy to deposit money. Similarly, you will never withdraw profits from them.
Most of the time, they blocked the trader’s account to scam their money. They usually do the same things with affiliate marketers.
Poor Experience With Customer Supports.
The binary options trading platform has supportive customer care support. Moreover, they are friendly in a professional manner.
You can contact with them via live chat. You will also find a form in their website. To contact with their support team, you have to fill a form with your problems.
As per their claim, the support team will contact you within a very short time.
The support team has a lack of knowledge about the trading world. They will give you advice and guideline that lead you in the ultimate loss. You will find a ZERO response whether it comes to withdraw the invested amount or profit.
How They Make Money.
This Binary Option Auto Trading software is popular among traders in terms of the highest scam activities. This trading bot makes money by following two methods.
Furthermore, this Binary Option Auto Trading bot makes money when traders lose their trade. Every time after placing a trade with Binary Option Auto Trading bot, you end up with zero profit. At that moment, the firm takes the money.
Another method is through commission feedback from supported brokers. For each signup, the company gets a percentage from brokers. It is the reason they forced traders to open more than one account with different brokers.
After winning trades, the software provider will receive no funds; and it is not a desirable situation for them. So, they make sure that at the end you will get nothing.
Our Experience With Binary Option Auto Trading Software- Updated 2020.
Our team put an initial amount of $200 as per the request of the software. The minimum investment amount is $25. However, we found that a few brokers offer a small investment of $0.1.
Our compatible broker was BinaryCent . At first, we placed 2 trades by selecting low risk by activating 3 signals. Here, we lose one trade.
Again, we placed 2 trade by selecting medium level risk, and 4 trades with high-level risk. The outcome was not satisfactory. However, we ended up with no profits. We tried to contact with the support team but, we failed.
Moreover, we used to close 6-9 signals per day, and the platform was set for auto-pilot mode to understand how technically strong it works. Our overall trading experience through this platform was poor.
To understand their function more deeply, we deposit money for the second time. The deposited amount was $250. Our initial invested amount was $50 and we got nothing from that trade. And, once it started reaping profits, we tried to withdraw the rest principal amount of $200.
Lastly, we tried to contact their customer support regarding the withdrawal issue. But the support team gave us different excuses and blocked our account.
So, it is impossible to generate profits via the platform. Additionally, investing money on such a platform is worthless.
We also tried the recommended best setting for beginners. But in reality, the outcome was really poor.