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Pro Binary Robot Scam Investigation Review
People like a new thing, especially when it promises good returns with minimum complications. This is what is behind the many binary robots start-ups you are seeing today. Their main attraction is that you can trade in binary options without having to have a deep knowledge of how they work. In fact, some advertise the fact that you do not need to know anything about binary options. All you need to do is sign up and wait for the signals to trade.
What happens is that the binary robots do the analysis and then predict the most likely movement of pairs of currencies. You are then expected to make the trend according to the predictions and you make your money if the trade is positive. These programs are sold to willing buyers who are sometimes expected to register with brokers and then trading begins. Some are more expensive than others but the profits are good if the robots deliver all they promise.
Pro binary robot is not trustworthy software. I strongly recommend to stay away from this application
Many traders who had jumped into the online forex trading bandwagon at its height found the going really challenging owing to the complexities involved in making the correct predictions. Binary robots were the result of these complexities and many were developed with the need to solve this problem in mind. This means that as a trader, you don’t have to spend all your time tracking global financial trends to be successful in binary options trading.
For beginners, the binary robots offered an escape route from the complex binary options trading. This exodus has led to more binary robots being set up to take advantage of these type of clients and new ones. Unfortunately, scammers always look to find money where it is in plenty, and where a new thing is making all the financial headlines. Some of these robots are scams and you will probably never make money with them. The trick is to be really diligent when selecting the program you will be trading on. Many unwary clients have fallen into the trap and lost lots of money.
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How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
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!)
Pro Binary Robot
This automated system in binary options trading allows you to do your trades when riding on a preferred broker’s website. Bobby Benson has claimed that he makes millions by trading in stocks as well as forex markets. He trains traders on how the Pro Binary Robot works. He will show you how you can make as much as $957 every day without breaking a sweat. In a few months, you will be making hundreds of thousands of dollars in profits if he is to be believed. For a system that claimed to be free, this is a substantial amount of money within a few months of joining and this should be taken with a pinch of salt. Caution should be exercised when dealing with such a robot.
The first thing you will notice when you try to search for their website is that Pro Binary Robot does not rank very highly in all search engine pages. This is probably due to the scant information available from their website. Of late, they have on their homepage the information that they are not taking in anymore members. The curious thing is that there are reviewers who are still asking people who want to make money quick to sign up through their sites. These are probably brokers who are out to make a killing as well.
Caution cannot be overemphasized when the main site claims they are not taking in more members while openings to the membership are still open on other affiliate sites. This could turn out to be a full scale scam or the makings of one.
Pro binary robot is advertising their site as “invite only” but this is most likely just a gimmick to get peoples attention
When people get to their home page, the first thing they find is a video that they had to watch before anything else. This video makes grandiose promises, like the fact that you can earn between $5000 and $7500 a week from trading profits. This is supposed to be the earnings everybody should expect from fresh newbies to experienced traders. While these promises by the software developers are very inviting, it is very difficult to actualize them in actual fact.
To trade with Pro Binary robot, you have no choice but to be registered with a broker of the developer’s choice. Some of these brokers are not the widely known but shadowy figures who you would suspect are the developers themselves working as brokers. To have the software released to you, you will need to have that registration first and there is no other way. The interesting fact is that you will have very scanty information on the software you are signing up to and you just have to trust them that all will be well when you start trading. These are dangerous waters to tread and your likelihood of losing money is very high. You would expect some education from the program developers before and not after signing up.
It is difficult to trust anybody who promises big houses and a dream lifestyle just a short time after acquiring their software. Most of these software developers who promise out-of-this-world promises almost always end up proving to be scams after some time. All these dreams you had when signing up may end up in smoke together with your investments.
For beginners, this is not a recommended program. This is because though the program does all the hard work for you, you need to have an insight into the workings of the binary trading systems. This you are not likely to find here. You need to find a robot which gives you relevant info about what you are getting in to. Pro Binary Robot’s algorithm does not seem any different from the other common ones. The difference comes with the fantastic promises you are offered for using the software.
The claim by the software developers is that their multitudes of clients are earning profits in the regions of between $400 and $550 every week. These are very high figures by any standards. Considering that you make all this money automatically, without lifting a finger is enough to warn you that there is something fishy going on here. While finding information on the operations of this software is difficult, it is important to take this information as a further warning to be cautious if you find their pitch agreeing with you.
This software is being offered for free. You don’t even have to pay a cent to be registered with a broker. That is a good catch right there intended to make you feel like you are already gaining even before you start trading. The main binary options trading robots have at least a small fee which is intended to make more modest profits than those being touted by Pro Binary Robot. This should of course have some degree of suspicion.
Quite an experience..would that be a little exaggerated?
What traders are saying
For every review saying very positive things about Pro Binary Robot, there are three or more traders who are very disgruntled with the program. The common complaint is that what is promised and what is reality are two very different things.
Pro Binary Robot has really put up a good introductory video. It is high quality and highly persuasive in a subtle way to make you feel like you should have signed up months before you ever heard of the program. It shows you what you have been missing. The video posts what traders say are fake accounts raking in millions of shillings to entice you to join in. They will tell you all about the great things you can do with all the money you make at Pro Binary Brokers.
One common thing about these traders is that they all lost money! All the thousands of dollars and millions in the long-term was a lot of hot air. Remember, these are only the traders who have come forward to report on this problem. There are many more, probably thousands who lost lots of money but they are keeping silent obviously embarrassed at how all the red flags that were flying in their faces were invisible. Some claim that they lost their money less than ten days after depositing their initial deposit of $250.
One way to find out if the binary brokers you are working with are straight or crooked, is to compare the currency prices they are offering with the actual rate in the financial markets. Look for reliable sources of information on global currency markets and compare to what your binary broker is offering. If there is a discrepancy, you can be sure that you are dealing with scammers who can make you make profits or losses whenever they want. Stay clear of such brokers and the programs that they work with.
Other traders complained that support is lukewarm, especially when you have started making losses and you are certainly looking like you will lose all your investment. Getting you to send the initial deposit is what really matters to them. Getting you to sign to their preferred broker instead of one of the binary brokers you prefer is a sure way of keeping you out of the trading proceedings completely.
To get access to pro binary robot, you have to sign up to broker of their choice. This is clearly a huge red flag
All the pointers from all the information gathered point to a suspicious outfit whose operations should not be trusted wholly. The fact that there is scant information on what actually happens is a good place to start having your doubts. You need information in its totality if you are going to trust a software developer or a broker with your hard-earned money.
The second red flag is that the website is not well ranking in the search engines. You would expect a legitimate and successful company to make sure that it is at the top of search engine result pages. On the contrary, it looks like the developers are deliberately keeping a low profile so that you can find it a surprise and sign up before competition rises. You will be intrigued by this hidden gem and you will want to make the thousands of dollars right away.
The fact that you will be registering with an unknown broker is also a point to note. It would have been better if the program would be compatible with the websites of the brokers you trust and allow you to trade with them. These will be brokers with whom you have made money with and withdrawals support and signals are as they should be. You will be sailing into unknown seas when you sign up with a broker only known to the software developer and nobody else. This gives room to manipulation and under hand dealings.
What you need to do
Finding a genuine binary options automated system is difficult, but it is not impossible. This is because there are genuine companies out there who will make a difference in your finances with drama and without promising unattainable profits.
Binary Options Robot is one of the leading binary options automated systems that there is today. You will find all the necessary information that you need before you sign up with them. This means that nothing is hidden and that your gains are guaranteed.
Why would you register with unknown brokers? Binary Options Robot only deals with reputable brokers who have been performing well consistently for a number of years. They are also of good reputation when it comes to handling clients’ funds. This means that you have the freedom to take your mind off the security of your investment and concentrate on making trades that pay. Joining Binary options Robot for your binary options trades is a sure way of making money.
With a 24 hour guaranteed customer support, help is never far away and you will be assisted with whatever need you may have at all times.
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Binary Option Robot
In today’s article, our professional trader Michael Allen will teach you how to spot binary options trading scams. You will also get systematic instructions, which will allow you to trade effortlessly with the best binary option brokers (such as IQ Option) and automated binary option robot. If your goals are any of the following, then please keep reading, as this is the right article for you.
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TABLE OF CONTENT
How to Make Money with Binary Option Robot
Instructional Video – Binary Option Robot
Best Robots Signal Services
Option Robot Review
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Option Robot – Scam Investigation
Hello, my name is Michael Allen. I have been a professional stock trader for over 20 years now. I have seen a number of economic ups and downs, both personally and professionally. In most of the worst cases I have seen, the main reason was because of lack of experience or poor timing. Sometimes the losses are just attributable to bad luck and stats. However, the saddest thing is that many of these losses could have been easily avoided.
In this article, I will teach you how to discern a good, effective binary options robots from robots whose only purpose is to take an investor’s money. In addition, I will give you my personal recommendation, if you want to invest with automated trading software.
Binary Options Robot Scams?
Nowadays there are several automated binary options robots available on the market, but despite the fact that the of the vast majority of them are honest: you will still find the occasional bad apple, whose sole purpose is to take your money.
If you are new to Binary Option Robots, then I would recommend reading our home page first, where I tell you in more detail about how traders can benefit from using trading software.
The great thing about Binary Option Robots, is that they can make profit in situations in which human beings are not quick enough to take advantage. If you are trading with binary options already, then you will already know that there is almost no situation where a Binary Option Robot doesn’t help you in some way: making you more efficient and helping to maximise your profits.
However, it is vital that you choose the right robot, otherwise you risk not making as much money as you should! I will also take you through the things to watch out for, which will allow you to recognise whether a Binary Options Robot is legitimate or fraudulent.
Here are the warning signs, which will help you to spot Binary Options Robot scams!
No Scam Option Robots Video
Are Binary Robots a Scam? (How to Spot a Scam Binary Option Robot?)
- Poor Website Design. This is my number one red flag. Scammers do not bother to spend time or money to make decent web pages. Usually, they see an opportunity to make fast money and immediately take full advantage of it. I recommend paying close attention to potential image manipulations: some unnamed scammers are using photoshopped celebrity images on their webpages. While some websites are so amateurishly made that everyone can easily see that they are untrustworthy. On the other hand, if the website is as stylish as websites of large companies, it is very likely that it was made with honest goals in mind. With Binary Options Robots, it always pays to judge a book by its cover.
- No Information About The Binary Option Robot’s Features. If you cannot find any information about the binary option robot’s features, then it is very likely that the features are very bad, or the binary option robot is extremely simple. Every honest piece of binary options software has a very wide range of ways to customize its functions according to your desired parameters.
- No Previous Trading History. If you cannot find any information about past trades or data from previous years , this is a huge red flag. If the binary option robot were actually able to make a profit, why would the developers hide its results? This just does not make sense. Many robots promise high profits for their users, but when they try to locate where these profits come from, it is almost impossible to discover. The best binary options robots – such as the option robot – keep their trading history clearly visible on their website.
- No Contact Information or Possibility to Contact Customer Support. Fraudsters do not have any interest in helping when problematic situations occur, so it is likely that they do not even bother to put contact information on the website. Even if there is any, they are most likely fake. However, if you find contact information and you get answers to your questions, there is a good chance that the robot is trustworthy.
- The Binary Option Robot, costs Hundreds or Even Thousands of Dollars. There are many excellent free binary option robots available on the market, so there is no reason to pay large sums money for binary trading software. For example, my personal favorite – the option robot – is currently available for free. It is without a doubt the best binary robot, so there is no reason to pay for software of inferior quality.
- Clearly Exaggerated Results and Promises. If an option robot promises an income of more than $1,000 per day for a new user, it is very likely that it is a scam. None of the fully automated binary option robots is able to guarantee such results at the moment, and I doubt that it will be possible in the future. The best results that you can realistically expect are a few thousand dollars of monthly income. Even such results do not occur instantly: you need to experiment, fine-tune and be patient. Investing always involves the risk of losing, so if someone promises you something that is too good to be true, then it almost certainly is.
- The Binary Option Robotis Only Compatible with Shady Broker Sites. If any of the well-known binary options brokers (such as 24Option or IQ Option) do not trust a certain robot, then you shouldn’t either. The more brokers to choose from, the better for the investor. This way, you can also take advantage of bonuses, risk-free trades and other possible benefits that are available for new investors. Your investments should always be stored on a separate broker account, and you should be able to turn the robot off whenever you want. Therefore, you can significantly reduce the possibility of fraud.
- The Binary Option Robot Has Only Been on The Market for a Short Period. This does not necessarily mean that the software is fraudulent. However, scammers usually stay on the market for a short period. If the software has been available for many years, it is much more likely that it is trustworthy and useful to help you earn money. Scammers tend to get so much negative publicity that it is almost impossible for them to remain on the market for many years or even months.
- Only a Few Trading Assets Available. Some fraudulent option robots only trade with one trading asset, or even worse, it makes no real trading at all. A wider variety of trading assets also means more opportunities to earn money. It is almost impossible to earn money if there is only a couple of trading assets to trade. There are some exceptions; sometimes by specializing in a particular trading asset, an exceptionally good trader can make a huge profit. Lack of educational resources are also a red flag.
- I have used dozens of different binary option robots and so far,have only found three that have been able to avoid all these fraudulent signals.Next, I will detail the most important features of this automated trading software, and tell you which ones are superior to their
Legit Binary Option Robots
When it comes to auto trading systems, there are no shortage of options to choose from: the market seems to be saturated with these systems, yet they seem to grow at an almost exponential rate. However, this has meant that a few outstanding pieces of software have risen to the top in this cut-throat world. Trading systems, like Option Robot, have to work twice as hard to remain legitimate, given so much of their competition engages in unscrupulous activity, which gives the industry a bad name. In my view Options Robot is one of the very best pieces of trading software out there, and I recommend that everyone investigates it as an option: trust me, you won’t regret it!
Start making money today with the Option Robot. It is extremely simple!
Top Notch Software
Few pieces of software can boast a proven hit rate of over 75%, which makes Option Robot’s 90% accuracy rate all the more impressive. It is comfortably, among the top 5 robots in the world, and as soon as you start using it, you will see why: its system is well constructed, it has an excellent website, great customer service and the software itself really works. In a market filled with dodgy alternatives, The Option Robot, is a breath of fresh air, delivering exactly what it promises, in a sleek and professional manner.
Of all the robots that we tested it stood out in pretty much every category: no big or unrealistic promises, an easy sign-up process, with clear instructions and all the necessary information about the software itself. This is complemented by an informative blog, which describes all the linked brokers, making it by far and away the best site for options trading.
How the option robot works
The Option Robot is a 100% automated piece of trading software that generates its own high-quality signals and then automatically places trades directly to the client’s broker account. To ensure maximum accuracy, the option robot generates signals from not one but six market indicators each with its different strengths and features. You, the trader, have the freedom to choose which indicators that you want to provide signals for your trades. It puts you in total control of these indicators, allowing you to choose from one of them all the way up to all six of them. The software ensures that the robot cannot place a trade if the signals produced by the indicators are not correlating. Which leaves very little margin of error and may explain the impressive hit rate of the robot.
The trader also has the freedom to choose which brokers to sign up with as opposed to having one pre-selected for him/her as is the case with most binary option robots. The downside is, you have to open a completely new broker account when signing up(existing accounts are not supported).It also allows you to open a demo account, allowing you to test the software, before depositing. It operates slightly, different from a real account, which uses the Reuters live feed, while the demo version uses eToro live pricing feed.Itis an ideal way to test the option robot without risking your money.
As you would expect, the software’s creators have affiliated with numerous trustworthy companies, which are mainly approved by the CySEC, famed for being one of the most rigorous regulators around. Stockpair and 24Option stand out on this list, and you can be confident that with this calibre of broker, your money will be safe.
The Option Robot is compatible with the biggest and most trusted binary options broker sites.
Option Robot Trading Systems
Everything about The Option Robot is systematic, and the trading process is no different. Basically, the option robot places trades based on one of three trading systems, selected by the trader.
- Classic System– This is the oldest and most used trading system in binary options. It is regarded as much safer and is a favorite of newbie traders. It doesn’t offer much in terms of profits but then again, it is associated with very few losses.
- Martingale System – Widely used in Forex trading, the Martingale system is the best choice for traders looking for quick profits. It places higher risk trades which are known to have very high profit margins. This may not be the right system for beginners as it can bring your account balance to zero in minutes.
- Fibonaccisystem – This is one for traders, who are looking for bigprofits. It increases the trade size sequentially after every win or loss. If all goes well, the eventual profits are far bigger than with the other systems, however, on the flip side, the losses can also be bigger.
The Option Robot is one of the very few robots that can be considered a trader’s robot. Everything about the robot, from the brokers to the trading program or method and even the currency used is all firmly under the traders control. The developers, limited the number of simultaneous trades at any one time to 8. The trade sizes are also flexible with the minimum amount being $20 and the maximum $500.
- Overall rating 4,9 out of 5
- Scam test result: Pass
I would definitely recommend Option Robot to every trader out there who wants to capitalize on binary options. Apart from being positively reviewed on most major sites, the option robot has a lot to offer with the signal generation and trade placement method that it uses. We rarely see the use of such complex indicators in binary options robots. While the blog, with the regular updates is also of great help to all traders, as is the highly responsive customer care service. Furthermore, there are no scam testimonials promising that you will make millions of dollars a month and you can use the demo to test everything out. The Option Robot is the Ferrari of binary trading software!
Binary options is arguably the fastest growing financial trade. Millions of people all over the world are now paying attention to the trade, once regarded as Wall Street’s version of gambling. And it’s not all about the huge returns, although that also contributes to its popularity. Perhaps what attracts people more to binary options is the relative ease of setting up a broker account and commencing trading in addition to the convenience of trading and following up on placed trades from anywhere at all times. The large number of auto trading systems make it is even easier to trade binary options.
The Automated Binary is just one of the possibly thousands of trading systems available and the subject of this review. Is The Automated Binary a scam or not? Read on to find out.
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Pro Binary Bot is Scam! Important Review
ProBinaryBot is the latest platform that offers online traders access to binary options application. This Pro Binary Bot review will reveal the lies and deception hidden on their probinarybot.com. The developers of this scam claim that the software is easy to use and is a free web based solution that does not require download from customers and you can work on it using any type of devices. Another important feature this product offers are that it provide users with the capability of Demo Trading which only mean that it is 100% risk-free demo trading.
Initially, we think that ProBinaryBot is scam. This has prompted us to carry out further evaluation and investigation to confirm our suspicion. This review will present to you the evidences that will prove this application is a scam. Before you make further action, we suggest that you read our review from start to finish so you will be enlightened about this app.
Our main objective of writing this review is to help and protect the traders against these scam applications. This complete review will likewise provide information about this software and how dangerous it is. If you want to know more as to what we discover about probinarybot.com continue reading the Pro Binary Bot review and learn more about how this robot works. The very first thing you will see if you visit their probinarybot.com website is their powerful and flexible system with customized settings that you can control during the trading process. You have two options for placing trades just like other investment scams on the market. One can decide whether to use it manually or on autopilot. Each member should invest at least $250 to use the system.
With over 500 signal combinations and it offers money management systems, they claim that they are among the best innovative binary trading today. As compared to other scam applications, this system promises to provide its users a high level of control over their trading process. But upon checking we cannot seem to find any third-party information to confirm this. The system is supposed to produce trading alerts with different pairs and expiries. You can choose which of them you want to get the signals. One can trade these signals on autopilot mode or manually. The system also offers three different money management strategies. The application is supposedly uses some advanced trading indicators. However, we couldn’t find any proof that will confirm its legitimacy.
Pro Binary Bot is Scam – Three Evidences
There are lots of binary options trading software and strategies online. This one is based on the most powerful technical indicators available. Expert traders depend on MACD, trends, stochastic and RSI indicators to help them in taking positions. This application uses these indicators to choose the next best trades. However, it is not clearly explained how they will do this and what strategy they will apply. The video presentation in probinarybot.com is lacking. Most of the scam websites have promo video to attract more traders and to make it look legit.
Official Website | Probinarybot.com
As we continue with our Pro Binary Bot review we will reveal to how they try to trick people.
First Evidence – Fake Platform
This application will not help you earn money just what they promised and that is the sad reality. If you deposit your money on it, consider it as lost money. The fraudsters behind this app will steal it to you without knowing it. We are very sure of this as we have seen this platform being used by other scam website like Robot FX, Option Robot, and Binrobot Lady. They differ in name, logo and color but the platform as well as other details on it are all the same. The most dangerous part of this robot is that it uses fake demo results. The price as well is not real. Its main purpose is to attract as many traders as they can. Those who are new in this industry are not yet aware of how scam this program is.
Second Evidence – Results not Verified
This app claims that the system uses some advanced trading indicators and financial management systems. However, we could not find any proof to verify the legitimacy of the results. There are also some reports associated to the profitability of the robot. All of them claims that Pro Binary Bot is scam and it cannot help anyone to become profitable and successful in online trading. Obviously, it is an indication that this software is a scam and people should not trust them at all.
Third Evidence – Brokers are not Real
The list of brokers that you see on their probinarybot.com website they are only images and not real. There is no connection between the software and the mentioned brokers on probinarybot.com. If the brokers are real, then there should be a clickable link that will direct the traders to the brokers page. Never trust an app with fake brokers, you will only lose your money.
Pro Binary Bot Review Conclusion
This complete review proves that Pro Binary Bot is scam. We have reviewed hundreds of scams software and this one is no different. They use fake brokers, fake platform and fake results. Obviously, the platform is a scam and this review has proven.
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