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BinaBot Scam: The Disaster Approaching the Investor

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BinaBot Scam: The Disaster Approaching the Investor

A failing trading career can be an immense source of anguish, but you need to identify the source of that downfall so that you can equip yourself to fight and revive your fading trading career. Have you been inspired to choose scam trading bots? If yes then your fault lies right here.

Note: A good alternative to this BinaBot of Gold Scam is the Super Simple Bot.

Now there are so many scam trading systems in the market that you need to be on your guard all the time. However, I have made the job a bit easy by identifying the key scammers in the trading world. One such trading system is the BinaBot.

BinaBot a symbol of a perfect scam

The video of BinaBot starts with a dramatic announcement by the presenter who claims that he is about to present an improved trading bot that offers an accuracy of 92 percent. It is quite tough to give out a figure that personifies the efficiency of a trading bot. The reason is there is no set rule to pinpoint the exact accuracy of a trading bot and the figures can always vary. Therefore, the first statement made by the presenter of BinaBot video is a scam.

Secondly, this person has not given any formal introduction of who he is and this sounds weird. Logically the video should start off by an introduction of this presenter. The attire and the way the person presents the trading bot lacks a professional touch. This bot claims to have a precise algorithm that can help the investor earn millions of dollars in simply no time. However, no proof is available to verify this statement.

Now there are many things that appear to be vague. It appears that apparently this trading bot was already available online and the BinaBot is an improved version of this system. The presenter states that the trader can get free access of this system. This is one statement that is commonly used by the scammers to bluff the potential traders. This statement is truly very deceptive because it keeps the trader in the dark with loads of assumptions.

No trading bot in the world is free. The investor has to pay a price for the credible and reputed systems. Thus this system is trying to set wrong expectations in the minds of the investors. The scammers function in a different way altogether. Apparently the trader is made to believe that the system is free. Thus he is encouraged to sign up. Once the trader signs up then the trouble starts from that point and he has to make a deposit to the associated broker. This is the main point of loss for the trader because once he has given in the money then that amount is gone for all times to come.

Towards the end of the video the presenter bothers to give out his name and reveal that BinaBot is actually the upgraded version of Binadroid. Next the presenter starts with his perceptions. He states that financial institutions operate trading bots that are the fastest automated trading tools. The presenter claims that he also worked in a financial institution and developed exceptional trading bots. However, he decided to start up with his own venture once his algorithm was leaked.

The presenter has a lot of positive things to say about his system. He says that his system can decipher the market sentiments through the social media tools. The person claims that the data is mostly based upon what the people say about the market. Well personally speaking this may not be an ideal parameter to judge any system. The reason is people have varying opinions and all the opinions just cannot be right. The presenter says that if it is possible to figure out the kind of trades the other traders intend to place then the investor has significant market edge.

This is definitely not convincing. BinaBot claims to be a genius trading bot that can successfully decipher the market risks and execute correct signals. Even when the trader has the best trading bot in hand, it is not viable to take the risk and just go by the signals blindly. The investor does need to some homework on his own if he wants to get success in his trading ventures.

BinaBot the big loopholes

The naïve investor might see BinaBot as a great offering, but the evident drawbacks cannot be overlooked. It is mentioned on the website of BinaBot that it was credited as the best auto trading bot of 2016 by some top trading sites. However, the names of those trading sites are not mentioned. This means that BinaBot is just promoting another lie to fool the investor.

BinaBot Scam

Note: Shun the scam trading systems and choose reliable trading bots.

Now the entire presentation is presented without any video walkthrough of the system. The question is why? The trading bot boasts of a reverse button. Well if BinaBot is so advanced that it can reverse trades then this aspect needs to be elaborated and more information needs to be there in this regard.

BinaBot claims to be having some of the top traders of the world on board. Interestingly there is no introduction of these traders on the website and the investor will not find any information even if he decides to Google the name of these traders. BinaBot is not the solution to the problems of the trader. These loopholes truly show how risky it can be to invest in a trading bot like BinaBot.

BinaBot Scam Review

Note: Stay away from scams and choose the genuine systems.

It is always better to have things transparent. However, BinaBot has secrets to keep. There are testimonials on the website of BinaBot by people who supposedly achieved success with this system. Now there is a follow button there. However, if the trader clicks on the button he is unable to follow these traders. If this system would have been transparent then the trader should have been allowed to follow these traders and see their success record. On the contrary, a signup page opens and the trader is forced to sign up and that is not fair.

There is one more facility that the trader will truly miss and that is the demo. If the demo would have been offered the trader could have easily identified the evident glitches of this system. However, BinaBot has kept things under the curtain. This is why the trader has a fair reason to doubt the credibility of this system.

BinaBot leaves the trader hanging with his questions. The live chat support is not there so these doors are closed for the trader. The support email address is also not there. This means that there is no guarantee whether the trader will be able to get hold of a responsive support team that will be keen to answer the questions of the trader. Now it is never advisable to opt for a trading system that lacks a reliable support for the investor.

The best solution apparently is to reject BinaBot. The repercussions of opting for this trading bot can be catastrophic. There is no proper reasoning of the exaggerated profits. The risks are far more in comparison to the portrayed benefits. The trader should invest his energy and efforts in a reliable trading bot. Well he can look forward to positive results if he invests in a credible trading bot.  The scams are prospering because the traders are continuously giving into their lust for money. The investors need to fight this lust if they want the best output to be coming their way.

 

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