Estimated reading time: 5 minutes
Do you feel that if you get appropriate guidance you can make a lot of money with binary option trading? Well, are you in a state of dilemma because there are many scam bots in the market as well and you are confused regarding your choice? Well, if you are facing such a situation, then you need to dig out the scammers first. The latest scam in the market is 247CashBot. If you need detailed insight about this bot make it a point to read the review till the very end.
Now we are ardent believers of the fact that a video needs to be there to get a complete walkthrough of the system. The video is not there in the case of 247CashBot. Now in the absence of the video you will not get clear idea how this system operates in the first place. Now the makers have defined trading to be too simple. 247CashBot states that you simply have to sign up, configure and start trading but this is not how things work in the trading world.
The most alarming aspect about the system is that you cannot verify the features because the demo is not there. For example, the site states that you have access to about 500 signals and three different trading methods. Well, as a trader you need to try out these features using the demo but it is not offered in the first place.
Do away with the scam systems and to acquire insight about genuine trading systems consult Valforex.
The makers claim that the interface is friendly. Again we feel that you cannot evaluate this aspect in the absence of the demo. The biggest lie that we came across is that this system is 100% secure. However, this is not the case. The makers claim that this binary bot is contained in a sandbox. However, look at the picture below and you will be certain of the fact that 247CashBot is not secure.
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Note: If your language is not English, you should use the language dropdown menu at the top right hand side of their page to select your language.
When you will look at the browser it clearly indicates that this binary bot is not secure. This is why it can be a big loss on your part if you decide to invest in this system. Now when a new trader steps into the field of trading it is very difficult for him to understand the theoretical information. Now when we had a good look at the settings page, then we noticed it talks about different trading indicators like MACD and different trading methods like Classic. We are of the opinion that you just cannot draw any conclusion from this information because these are just definitions. When you step into trading what you need the most is a practical demonstration and that is absent in the case of 247CashBot.
Now 247CashBot apparently seems to be offering multiple trades. This means that you can place about 1 to 8 trades together. However, we are of the opinion that this is risky for a new trader because it will not be possible for him to manage multiple trades together. Now what made us more apprehensive is that the names of the brokers used is also not listed. There is no proof of the fact whether this platform is using regulated brokers or not so this is yet another red flag alert that just cannot be ignored by any means.
The real problem is that when you make your deposit to the scam brokers you will be losing your money for all times to come and this is something that you will not want at the end of the day. The website of this binary bot does not offer any educational material. Now this material is essential if you intend to make your mark.
We also felt that the contact options are limited. You can just send in an email. Now we believe that the scammers will not be responsive at all. The live chat support is also not available for this trading system. This means that there are rare chances that you will get any response to the questions that come to your mind.
We strongly feel that the website of this system also looks quite unprofessional and is not designed with a professional outlook. Apparently, they have all the widgets but reliable information is not there. You just get a slight glimpse of the interface through a picture that is placed on the website. However, you do not get to know the details about the system. Now this is yet another aspect that is quite alarming.
Another thing that we missed out is that this system does not have social media presence. Now when social media access is available, then you can get to know a lot about the system. The missing information is what raises suspicion about 247CashBot.
When you look at the site of this system it does not reveal any information about the CEO. We strongly feel that it will not be a viable option to trust a system without any information about the CEO. This proves the fact that this system lacks the element of credibility. At the same time there are no testimonials on the site and this is yet another aspect that made us pretty suspicious about this system. Now when the testimonials are there, then you are sure about the fact that you are going in the right direction but it is not the case here.
Verdict:247CashBot is a Scam!
The best way to choose reliable trading systems is to first have a clear understanding about authentic binary signal services. When you will be aware of the traits of genuine systems, then you will not get caught up in the scams in the first place. We at Valforex will give you all the insight in this regard so that you do not end up wasting your money and efforts in the wrong direction.
It is time to seek the able guidance of Valforex to take your first step towards binary option trading.
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