SignBinary is a new software offering innovative ways of controlling your binary options investments. But does SignBinary 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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Signals are the foundation of the binary options robots’ niche. No matter if it a signals service provider or a robot that generates alerts you can choose to follow when trading manually, signals are what rules traders’ decisions when investing in binary options contracts. But the most important feature of a signals provider is the accuracy of its product.
A lot of scammers create fraudulent platforms for the distribution of signals because they know that a lot of people, especially those who are not using a robot, need results. The probability for an investor to opt for a signals service is greater, since the available robots are too many and too “scammy”. To choose the right one proves a lot more difficult than it is to assess the reliability of a pure provider.
But the number of hoax signals services is increasing as well. The following review discusses important red flags around the so-called SignBinary signals generating software. It is recently released but for someone with at least some experience in binary options trading it is obvious that this is a scam. A scam that should be exposed before novices fall for it.
SignBinary – Another Scam Exposed
Have you come across a service for signals called Rocketrade recently? Our investigators have. And there is a striking similarity with the topic of this review – SignBinary. Their websites are exactly the same. Provided users’ feedback and testimonials, account offers, performance claims. Everything is the same right up to the footer are, where both are mentioned as regulated by CySEC brokers.
On the website traders will find signs claiming that more than twenty thousand traders already use SignBinary. This is virtually impossible, since the provider just recently started operating. The broker, backing SignBinary might be regulated but it does not have a good enough reputation in the binary options community. Traders have made lots of complaints about its withdrawal procedure and customer support.
Should You Opt for Sign Binary
If you decide to join the signals provider, be careful. There are much better alternatives out there, providing accurate alerts. If you join SignBinary, you might as well be joining the other scam software – Rocketrade. They belong to the same people and are trying to trick as many people as possible to sign up with them.
In case you are wondering how to walk into the scam SignBinary is, all you have to is fill in your name and email, and a password for your account. An interesting fact is that you get directed to a free demo account. Demo accounts are usually a very good way to start developing a trading strategy of your own. But the problem with SignBinary’s demo account is that there is a constant sign saying there are no available signals. So you basically cannot use the platform in Demo.
Also, the SignBinary software will be free only until 1st of August. Probably this is a tactic that is supposed to pressure traders into a hasty sign up. Think twice before proceeding further, let alone investing funds.
Overall Impression of SignBinary
We think that SignBinary is a poorly covered scam. Our team does not believe it is capable of achieving what it promises and it will probably just hurt your finances. The availability of a demo account is nice but the fact that it does not work is frustrating. There are much better choices for traders, signals providers that have great accuracy rates and that have proven to work. Be smart and join a tested service.
Our investigation team conducted a comprehensive investigation on SignBinary to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if SignBinary 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.