There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
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With the constantly increasing number of bogus and fraudulent binary online trading systems, traders can’t help but wonder about the legitimacy of every single product they come across to. This negative tendency is reflecting at people’s desire and willingness to deal with binary options as a whole. However, the greater part of them continue hoping that they can actually find product that is able to deliver them profitable ans successful income-increasing results.
The purpose of this review is to investigate the claimed successor of an earlier released binary options robot. We combined our efforts in order to find the truth surrounding this new online trading platform. See the collected material below and find out the answer of the question, related to the scam/legit status of this software.
BinaBot & Troy Everett
This alleged new and upgraded version of an older trading platform is presented to the public by a man, that claims to be Troy Everett – popular investor and binary options specialist. However, everyone can see that the man in the promo clip is absolutely different from the man, showed in the first robot’s presentation. The provided explanation for this is that while in the previous version of the automated robot, the role of Mr. Everett was played by an actor, now he reveals his true face and personality.
Still, there is no proof to confirm that, as there isn’t any available information in the Internet space about an investor called Troy Everett. In addition, nothing seems to link the two trading platforms and to testify their connection. On the contrary, BinaBot looks like a stolen brand of a successful trading tool.
BinaBot System – Scam Or Not?
At the time of writing these paragraphs we do not have enough information that would let is make a final conclusion on the BinaBot’s scam status. However, due to the suspicious origin and creator of this binary online investment software, we are strongly advising traders not to deal with it, and beware of investing funds in it. Additionally, our online research showed mainly negative comments of people who seem to have tried the system. They testify for poor trading results and withdrawal difficulties. Therefore, this alleged new and upgraded software is more likely to be a scam, but not a reliable investment partner.
BinaBot – Working Process Explained
The processing mechanism of the new binary automated solution is said to be based on Android. The result is that it thus can legally get to hundreds of thousands people’s’ smart phones and to selectively collect and operate with massive amount of data. Moreover, this process is said to be able to predict the changes that are going to happen in the market, due to the fact, that it is mostly affected by people’s behavior and thoughts. Then, the system apparently calculates past performance and evaluates risk factors in order to produce reliable and highly profitable trading signals. The promised result is that the placed trades in autopilot mode have 92% winning ratio.
Sadly, the reliability and authenticity of all these statements is lacking. This means that all the specifics of the so-called upgraded robot, remain unproven. Not to mention the fact that there is not a sing user to confirm any profits, accumulated by the system.
How Much Does BinaBot Cost?
Despite the fact that there is a promise, related to granting free access to the auto-trading platform, the truth is quite different. Everyone, who is willing to try BinaBot is required to invest no less than $250 before to start placing trades. In addition, there is a limitation in the available spots, so people are pressured to take action as soon as possible or they are going to miss their chance. Once that happens, the stated price of the software is $2500.
Our investigation team conducted a comprehensive investigation on BinaBot to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if BinaBot is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
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I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.