Estimated reading time: 5 minutes
Scammers have been causing havoc in the binary option trading market for quite some time. This is a red flag alert. Thus it is time to wake up and deny the option of choosing the scammers. Now if we have to pinpoint a trading scam Arab Money Machine tops the list. It is a binary options trading system designed to run on auto-pilot. You must be wondering why we are condemning the use of this system. To know the truth you will have to read our complete review about Arab Money Machine.
Now the minute we glimpsed across the name of this binary bot it does not really have this professional touch to it. We believe that the name should reflect the actual purpose of the trading bot. This is one element that just cannot be ignored. The site also proved to be a disappointment. Now when you visit a professionally designed website, then it has well-organized widgets. You can easily navigate to different tabs. However, it is surely not the case with this binary system.
All you get to see is a plain bland promotional sales video and a sign up form so that is quite disappointing for you as a trader. It seems that the person who designed the site was in quite a hurry. The reason is that when you look at the features of the binary bot you come across a major typo. The site states that Blazing Trader is simple to use. Interestingly, we noticed that the name has suddenly transformed from Arab Money Machine to Blazing Trader.
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Now the element of risk is always there with binary option trading. We will like to clarify this fact that the chances of losses are always there with binary option trading. A trading bot can never be sure that the trading opportunity is going to be profitable at all times. Next when we looked at the VIP Member Section Information it appeared to be out of context.
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It is mentioning luxurious lifestyle. However, we believe that the caption should have focused on the perks of the bot.
Now this platform claims the fact that you can get access to 24/7 support. However, we strongly doubt it. The reason is that live chat support is not available for the unregistered users. We feel that when this facility is not available you will not be able to put up your questions to the support team. If you are expecting any support after sending your emails, then you are in for some disappointment. The scammers will never bother to answer you.
We also felt the need for a demo. You cannot just buy the claim of a website without testing it. This is why we feel that you just cannot go by the word of this system. Arab Money Machine fails to explain its operational algorithm as well. We feel that the bot should have mentioned the technology and explained how the technology has been implemented by the system.
The site states that the system makes use of heuristic logic minimizers. We feel that for a new trader this surely needs more explanation and you just cannot go with the definition that is put up on the website. Secondly, whenever the word autopilot is there, then the authenticity of the trading system is important. We feel that if the autopilot is system is not authentic, then it tends to hinder the learning curve of the system.
The prime objective of a trading system should be that it should offer the trader the basic insight. The autopilot system should be more of an additional assistance for the trader. Now this trading system claims to have an accuracy of 99.8%. However, we could not find any verifiable proof in this regard that could help us ascertain that this system really offers this level of accuracy. This is why there is a big question mark on the credibility of this system.
We could not find any social media links on the website of Arab Money Machine. Now this also rings an alert signal. The reason is that when you are opting for authentic systems, then you can easily visit the social media pages to get awareness about what the people are thinking about the system. However, this is not quite the case with this system. This should be enough to make you more sceptical about this bot.
Daryll Graham is the supposed CEO of Arab Money Machine. However, we noticed the fact that there is no information about the CEO on the site and you do not get to see a glimpse of this person. Now choosing a system in the absence of reliable information about the CEO can prove to be a risky choice for you. This means that you are opting for the system blindly and there can a lot.
The testimonials are also a red flag alert. The reason is that apparently it seems that they are by paid actors. These people do not appear to be professional traders. This is why we believe that if you invest your trust in these testimonials, then you will end up in financial losses coming your way.
Verdict: Arab Money Machine is a Scam
There has been a scam outbreak in the binary options industry and these scammers are putting in their utmost effort to ruin the lucrative opportunities available in the binary option market. However, you should not let this happen to you. It is essential that you seek the right guidance when choosing a trading bot. The best option in this regard is Valforex because we know the binary option trading business and will give you authentic guidance at every step to save you from scams. All you need to do is invest your trust in us.
Discover the lucrative opportunities in binary option trading through Valforex and we will ensure the fact that we guide you at every step.
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