Binadroid 2 is a new software offering innovative ways of controlling your binary options investments. But does Binadroid 2 really give you the best trading possibilities or it is just another binary scam?
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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BinaDroid 2 – What Is It?
When there are so many scam binary options trading platforms on the market people start wondering if they are ever going to find a really reliable and solid trading system to work with. This is a bad tendency that influences the market’s condition in a negative way. However, there are some exceptions. They are not so commonly met but they are real and serve as a hope for all online investors that want to achieve their goals in the online trading field of binary options.
In this review a claimed successor of an older binary trading software is going to be carefully inspected. We focused our efforts at conducting investigation of the new BinaDroid 2 auto-trading robot, by Troy Everett, to find out if it is worth it or not. Keep reading if you want to see what findings we were able to gather and what conclusion we have made based on the performance this platform delivers.
BinaDroid2 By Troy Everett
This new binary automated trading system is allegedly created by Troy Everett and it is presented as the next and upgraded generation of an older binary robot. Mr. Everett states that he is a successful former trader, with over 15 years of experience in trading the capital markets.
In addition, he says that he is not an actor but the real investor and he wants to personally promote the latest version of his online trading software. Still, there are no proofs linking BinaDroid 2 with the older system with similar name. In addition, there is nothing that could serve as evidence supporting the fact that the man shown in the promo video is actually Troy Everett and that he is really a former Wall Street trader.
Bina Droid 2 – Scam Or Legit Software?
At the moment we cannot say for sure whether this binary automated software is scam or legit. Still, we suggest that investors should not sign-up with the system until its status gets confirmed. This is the wisest advice we could provide them with. Meanwhile, you may look for another online trading software and if you manage to verify its legitimacy, join it. We are going to continue investigating the robot and as soon as we get enough information, we are going to share it with you. Sadly, there is too little substantial information, so we are not able to confirm a single promise or statement this product states.
How Does BinaDroid 2.0 Work?
It is said that the auto-trading binary system is based on Android technology that legally reaches hundreds of thousands individuals’ smart phones and selectively pulls off a critical mass of data. In addition, Mr. Everett states that the first part of the trading algorithm implemented in the software explores the overall sentiment in the market by using advanced social media tools. The data is based on what most people think and talk about the market which is a super important tool, as after all its people’s behavior which directs market’s movements.
The second type of data the algorithms track is under the form of signals. By calculating past performance, risk factors and a built in ranking system, it filters the very best trading signals over the web at any given moment. Then it places trades on the behalf of users and generates consistent and regular profits with a stated success rate reaching 92%.
All these technical specifics look solid and logical but unfortunately their legitimacy is still not confirmed. There is no feedback nor users’ testimonials that prove the success of the product’s operational process.
What is The Price of BinaDroid 2 System?
Everyone who is willing to try using this automated binary trading platform is promised to get free access to it. However, traders must invest at least $250 in order to be able of placing trades. Moreover, the available places are limited and once they expire there is going to be set a price of the system, estimated at $2500.
Our investigation team conducted a comprehensive investigation on Binadroid 2 to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Binadroid 2 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.