Traders Matrix is a newly-founded binary options software. Its alleged creators are Robert Michaels and Chris Amado. Both of them are former Forex and commodities traders or at least this is what they claim.

An exclusive inquiry into their supposed backgrounds reveals that there is a very high likelihood that they are not real people. There is no additional information referring to prior employment or education and they have no active social media profiles.

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Not only this but none of them actually appears in the promotional video. They advertise the profit-amplifying solution as providing free access, but this is just for a limited period of 3 months after which Mr. Michaels and Mr. Amado require a 20% commission.

Another discouraging factor is that the signals generating system is active only 24/5. Our best suggestion is to avoid it as it is a possible scam. The following exhaustive binary options review will explain why.

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Basic Information:

  • Price: First 3 Months are Free
  • Software: Signals-Generating System
  • Max Returns: 90%
  • Min Deposit: $250

Pros:

  • Good Manual Trading Options

Cons:

  • Founders Not Real-Life People
  • Only Operates 24/5
  • Devious Broker Ties
  • 20% Profit Commission
  • Success Rate Not Genuine

Top10BinaryDemo Verdict

Not Reliable Service

What is TradersMatrix System?

TradersMatrix Software supposedly allows users to open a free account which is not actually free. The commission rate of 20% that is charged after the first 3 moths have passed is way too high. There are close to no other income-accumulating tools available on the Internet that require users to place such a high sum.

Its promotional video also does not feature much useful information. It is not even narrated by someone, random subtitles just appear on the screen as background music is played in the meantime. TradersMatrix System generates signals 5 days a week whilst most other binary options robots do so in all seven.

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It is best for online investors to consider other truly legit and readily accessible income-increasing options. A fine example of such would be FinTech Ltd. which is founded and established by prominent trader Daniel Roberts. It is widely regarded as one of the finer profit-amplifying solutions.

How Does TradersMatrix Software Work?

This binary options robot is basically a signals-generating one. Creators Robert Michaels and Chris Amado have supposedly written a programming algorithm which can predict the future movements[1] of asset prices with an alleged accuracy rate of up to 90%.

Traders Matrix System is still new, but the few people that have managed to sign up with it state that it rarely manages to send accurate alerts. It does allow for some level of settings customization, but this is its only positive characteristic.

Interesting Fact:

Traders Matrix System operates according to the schedule of the biggest stock exchanges[2] around the world – those in London, Tokyo, and New York. There are some other binary options robots that also do so but asset prices do also tend to shift during the weekends.

Is Traders Matrix System a Scam or Reliable?

All available data suggests that this binary trading software is not legit. It is also too fresh to be regarded as a full-blown scam but the odds are pointing in this exact direction. This is why it is best for online users to avoid it.

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The charged commission of 20% is way too high for the industry standard and the so-called Confidence Factor can not be trusted. Customer support is also provided only 5 days a week and people appear to be generally dissatisfied with its performance.

Final Thoughts

Traders Matrix System is an unreliable binary options software. It does have a wide array of covered assets and interface customization opportunities but the general performance is way below the average. Signals are also sent only several times a day and there are only three trading sessions per week. It is best not to trust the services provided by the income-accumulating solution and turn to a proven to be legit and authentic robot.

Conclusion:

t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on Traders Matrix to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if Traders Matrix 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

Visit Best Rated Robot OR Choose One of the Top Systems Above

 

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David

David

Hello!
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.
David

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References:

1. International transmission of stock market movements: a wavelet analysis – (Hahn Shik Lee, Applied Economic Letters, Volume 11, 2004, pp. 197-201);

2. The Impact of Decimalization on Market Quality: An Empirical Investigation of the Toronto Stock Exchange – (Jeffrey M. Bacidore, Journal of Financial Intermediation, Volume 6, Issue 2, April 1997, pp. 92-120);

3. Option trading and the relation between price and earnings: A cross-sectional analysis (Li-Chin, Jennifer Ho – The Accounting Review, 1993)

4. The future of the global trading system: Doha round and beyond (T. N. Srinivasan – The Future of Globalization, 2007)

5. Designing Short Term Trading Systems with Artificial Neural Networks (Bruce Vanstone, Gavin Finnie, Tobias Hahn – Advances in Electrical Engineering and Computational Science, 2009)

6. Do Technical Trading Rules Generate Profits? (Dominique M. Guillaume – Intradaily Exchange Rate Movements, 2000)

7. Social computing, behavioral-cultural modeling and prediction (Ariel M. Greenberg, William G. Kennedy, Nathan D. Bos – Lecture notes in Computer Science, 2013)

8. Smart cloud marketplace – Agent-based platform for trading cloud services (Sergei Chichin, Mohan Baruwal Chhetri – Web Intelligence and Intelligent Agent Technologies, 2014)

9. Quantifying the semantics of search behavior before stock market moves (Chester Curme, Tobias Preis – PNAS, 2013)

10. Do Reuters spreads reflect currencies’ differences in global trading activity? (Philipp Hartmann – Journal of International Money and Finance, 1998)