The new solution that is now available on the binary options trading market is called SetOnTrade. This online platform is actually presented as signals generating system, that provides its users with highly accurate and relevant binary trading signals, thus giving them the chance to win significant amount of profits on regular basis.
We decided to thoroughly review the aspects of the product in order to verify its proper work. Sadly, due to the fact that there is not enough information on Set On Trade yet, we cannot issue 100% final verdict. Therefore, as for now, we advise you to Proceed to Safe Binary Robot and find another partner for realizing your income-generating goals.
Top Binary Options Robots
|Robot||Win Ratio||Open Account|
|Up to 200%||
- Product Name: SetOnTrade
- Creators: Group of Experienced Traders
- Max Returns: 80%
- Min Deposit: $250
- Automated Mode
- Manual Mode
- Not Easy to Use
- Possibly Scam
- No Feedback Available
- Not Proven to Work
Not Reliable Service
What is SetOnTrade?
This binary signals-generating platform is advertised as a configurable auto and manual trading software that applies the most powerful binary options indicators to generate highly winning signals and achieve amazing results using your set configuration. These allegedly used indicators are:
- TREND – it works on an average moving scale. The indicator finds an average price trend for the particular asset, and if the price is above that average, this asset is in an upward-trend. It is the same with the opposite case scenario.
- RSI– It is known as the Relative Strength Index, and is a very popular indicator used by binary options online investors.
- CCI– this stands for Commodity Channel Index. This indicator had shown great success with commodity trading.
- MACD – this stands for Moving Average Convergence Divergence. This sophisticated indicator utilizes a set of 2 moving averages.
- Williams – It is designed to look back over a time period and determine the relative highs.
- STOCH – Stochastic Oscillator stands for a successful measure of asset momentum.
However, our in-depth investigation revealed that there is actually no further information on how exactly the stated above trends are implemented in the trading algorithm of the product. Furthermore, traders don’t get any example to see how this whole trading method is applied on practice. Therefore, we believe that there is high possibility for all these promises to be just fake and empty.
How to Start Trading with Set On Trade?
In order to start using this signals provider, you actually need to complete a long and annoying initiation process. First, you need to create account by filling a web form with information about yourself. Then, you can either start trading with the available Demo mode, or you should invest at least $250 with a broker. Then, you need to choose your trading strategy and finally to decide on whether to trade manually or to trust the autopilot mode of the system. It is stated to be able to utilize 3 main trading techniques: Classic, Martingale and Fibonacci.
Unfortunately, our research showed that there is no proof confirming that SetonTrade really makes any use of these stated trading strategies  . On the contrary, all the feedback we were able to find was negative, as people claim that the system fails to trade in the promised profitable way.
SetOnTRade – Scam or Legit System?
Considering the lack of enough relevant and accurate information about this binary options trading-generating platform, we are not going to say that it is a 100% scam.
However, as for now, we do not recommend it to online investors , as chances are very high that it is not absolutely reliable and properly working. In addition, as we have already mentioned above, the feedback we managed to discover is only negative as traders seem highly disappointed.
It is true that signals-providing trading binary options systems are often a good choice for every online trader. Still, you should be careful as not all of them are legit and actually profitable income-increasing sources. Therefore, we advise you not to trust SetOnTrade and treat it as scam, at least until more information is available about the product and its operational process.
Our investigation team conducted a comprehensive investigation on SetOnTrade to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if SetOnTrade is generating high profits. We found many reasons that made us suspicious about this robot being a scam.
In order to protect traders from bad trading experience and financial loses we recommend you to
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.