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.
We recommend you to Proceed to Safe Binary Robot OR find a Reliable Robot to trade with form the table below:
Top Binary Options Robots
|Robot||Win Ratio||Open Account|
|Up to 200%||
- Price: Free For a Limited Time
- Software: Completely Automated
- Max Returns: 7% – 9%
- Min Deposit: $250
- User-Friendly Interface
- Not Proven to Work
- Few Opportunities
- Small Returns
Not Reliable Service
The choice for a trading tool in the binary industry is becoming wider by the minute. Recently, the so-called StockBit trading app by Daniel Watanabe was introduced to the market.
The main question here is whether StockBit is a scam or not. We made extensive research into the matter and we have provided you with our findings on StockBit in the following review. You should read further if your interested in things like legitimacy, returns and cost of the StockBit software.
What is the StockBit App?
The StockBit trading application is developed for the purpose of investing in binary options on autopilot. It has been created by Daniel Watanabe and his “secret start up nation” – a team of programmers and developers. Mr. Noah Hastings, a supposed investor, meets us with the entrepreneur and his team.
There is also a claim that the StockBit trading app generates $90 million per year. We ask the question why haven’t we heard about such a profitable trading solution for so long? Our conclusion is that this whole story is the fruit of a masterfully crafted plot aiming to tempt people into a sign up.
With StockBit, we see a new approach to presenting binary options systems. What we don’t see is uniqueness. One of the supposed programmers of StockBit tries to market various complicated terms about how the software works – by combining association rule learning and robust classification and regression techniques. This is just complicated terminology that hardly has anything to do with the StockBit software.
How To Get Started?
To join the StockBit trading app, all you have to do is complete three steps:
1. Register – this will give you access to the software;
2. Fund – the minimum deposit to activate the StockBit software is $250;
3. Trade – the software will run on autopilot and place the trades for you.
We could not find sufficient proof that the StockBit trading application works properly and as promised. That is why we advise you to rather choose a better alternative. There are plenty available on the market, which have proven themselves as profitable.
StockBit App & Unified Market Sentiment
Surprisingly, StockBit is not one of those scam systems that claim they can generate some far-fetched unimaginable profits in one day. Actually, what StockBit offers is a 7% daily return rate. It works based on the traders’ sentiment exhibited and calculated on all of the clients of the trading system.
While this is somewhat realistic, apart from the fact that it has not been proven or verified, it is also much lower than what some of the best binary options solutions can offer you. We do not find the opportunities offered by StockBit and Mr. Watanabe to be competitive.
Is StockBit a Scam?
Our investigation findings point out if not to a scam, at least to an unreliable trading robot. We would not recommend the StockBit App as suitable for trading binary options. Not only there is no authentic information on the creator Daniel Watanabe, there is also no actual proof that the software would work as promised. It also lacks features that can give it an advantage over the competition in the binary industry.
Mr. Watanabe is rumored to be one of the people who have worked closely with the mysterious Satoshi Nakamoto (who is also rumored to be a group of people) for the creation of the well-known BitCoin phenomenon. But this is exactly what it is, a rumor – there is no other information on who Daniel Watanabe is or if he has any affiliation with the creation of BitCoin. We are willing to consider this person a fraud.
This is a mediocre trading robot for automated investments that works by analyzing historical data and following trading sentiment. And there is no guarantee that people are correct in there decisions.
Our investigation led us to the conclusion that you cannot rely on the scarce opportunities offered by the StockBit App. Its method of operation has also not been confirmed as working. Our experience as investigators has taught us that it is better to join something proven to work than experiment with unreliable trading systems like StockBit. This is our advice to you as traders.
Our investigation team conducted a comprehensive investigation on StockBit to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if StockBit 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
References & Further Reading:
1. Bitcoin’s creator: Craig Steven Wright claims to be Satoshi Nakamoto. Is he? (The Economist, 2016)
2. An Analysis of Anonymity in the Bitcoin System (Fergal Reid, Security and Privacy in Social Networks – 2012)
3. Financial Asset Returns, Direction-of-Change Forecasting, and Volatility Dynamics (Peter F. Christoffersen, 2003)
4. Automated Trading System (Peter Moss, David Walters, 1999)
5. Bitcoin: Electronic Cash System (Satoshi Nakamoto, 2008)
6. Automated Trading System in an Electronic Trading Exchange (John M. Marynowski, 2000)
7. Using Genetic Algorithms to Find Technical Trading Rules in Financial Markets (Risto Elias Karjalainen, 1994)
8. Exchange Rate Targets and Currency Bands (Paul Krugman, Marcus Miller, 1992)
9. Easy Volatility Investing (Tony Cooper, 2013)
10. Bitcoin: An Innovative Alternative Digital Currency (Reuben Grinberg – Hastings Science & Technology Law Journal, 2011)