Domion Effect is a new software offering innovative ways of controlling your binary options investments. But does Domion Effect 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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The Domion Effect System Review
Domion Effect is yet another binary options robot, created by Tony Domion, that promises to give you out huge amounts within no time. It has been creating quite a buzz, claiming that people can earn up to $1,800 daily. However, whether its claims are true or not, is still unknown. Usually the robots that come up with tall claims are just looking to prey on the newer traders who join them. But we cannot say for sure until we have all the details about Domion Effect from the mouth of the traders themselves. As of now we have to give Domion Effect the benefit of doubt.
Is The Domion Effect Scam or Not?
Domion Effect makes tall claims – but it is too soon to call it a scam. Traders are yet to try out this platform. The broker is not licensed and therefore the doubt still remains. We urge the traders to wait until more information has been made available on this trading robot.
How does Domion Effect Work?
Domion Effect is a fully automated software that you have to download and use. It is available as an app for android and iOS smartphones. Once downloaded, it will shoot signals that will inform you about the happenings of the forex market. This simply means that it will churn out the best solution in case of any binary options trade. In other cases, it will simply place the trades if the chances of your winning are too high. This is where the automation comes it. You will however be able to rectify and adjust the parameters of trade.
The robots in the market need to have a special feature that separates them from the rest. In this case, Domion Effect does not have any special features. The learning experience seems to be fine. Apart from that, all other features are average.
What is The Price of The Domion Effect?
Domion Effect is free to use. Indeed you are asked to go to the referred broker’s website and deposit an initial cash amount, which is around $250 usually, but you are not asked to pay anything to use the app. The Domion Effect app is free to download and use.
The amount you deposit with the broker is your initial investment for the trade itself. It is not a trading fee for using the robot. This is because Domion Effect will earn their referral income when you sign up with the broker. For each unique registration, they will get the referral income. This is how they are able to provide free services.
As soon as you enter your email address, the robot will redirect you to educational tours. You can skip that and go to the broker’s page and register. This step is free – however remember to keep all your ID proofs at hand for verification. Deposit an initial amount and open your account.
Once you set the parameters for trading on the app, you are all set. You can see your amount rising or falling as Domion Effect makes profits or losses in the market. You can withdraw your initial amount any time by clicking on the “withdraw” button on the broker’s dashboard. You will again have to verify your address and ID. However, that should not be the problem for genuine traders. Upon verification, the amount can take 3-7 days to reach your account.
Our investigation team conducted a comprehensive investigation on Domion Effect to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Domion Effect 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.