Estimated reading time: 5 minutes
Are you excited about the fact that binary option trading will revolutionize your trading career? The truth is that binary option trading can transform your career for the better if you end up choosing the right binary bot. However, what you need to fear is that binary option market is full of trading scams that are bound to cause havoc in your trading career. One such option is Binary Tradeo. It is an auto trading bot that is bound to do you no good at all. By now you might be wondering what makes this system so bad. Well you will just discover the drawbacks of this system.
We will like to start with the fact that you should not have your hopes pinned on the fact that you will get some genuine insight about Binary Tradeo from its website because that will not be the case for sure. It is just another scam. The first hint of this fact is that the sales video is not available on the site of this binary bot. This makes us wonder how you will get insight about this system. Now seeing the Open free account option may entice you but we regret to inform you that it is just a trick to compel you to register.
Now what is bound to happen is that when you register with this platform you will be directed to the member’s area. You will have to give in your private credentials and obviously make a deposit to the unregistered brokers and this is what will create the real trouble for you. We noticed the fact that this system does offer a demo but again you will have to give in your personal information if you decide to opt in for the demo.
This binary bot presents three trading strategies. These include Classic, Martingale and Fibonacci. Now this bot states the fact that you have the freedom to set the trade amount with Classic Money Management. Moreover, you can increase or decrease the amount depending on your will. Well the things do not tend to sound this simple. The only way you can really test this claim is by trying out the system.
The next money management strategy is Martingale which is more risky than classic. It states that once you lose your money, you double your investment the next time. Now here the makers tend to present you an idealistic situation that if you end up winning your profits will be doubled. There is no proof available in this regard. Plus this money management method is way too risky.
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At this point of time what you need is dependable guidance and insight. This is something only Valforex can manage with ease.
Now Binary Tradeo tends to offer one more method as well and that is Fibonacci. Do not have your hopes pinned on this money management method as well. It claims to be making use of the Golden ratio through which it can predict which asset will go up and which up go down. Well, here we will like to point out the fact that no analysis is spot on and the element of risk is always there.
There is huge list of trade indicators mentioned on the site as well that appear to be offering value to the traders. However, that is not the case for sure and things are not really this simple. This binary bot fails to offer any educational material to the trader that will help the investor to understand how these money management methods and indicators work in the first place.
There is a list of winning trades mentioned on the site. Again we felt that there needs to be credible proof available to believe that these profits have been earned in the first place.
We came across more scam signs when we looked at the site. It seems to be offering access to the Facebook, Google + and Twitter. However, to our utter disappointment when you click on these links they are not clickable for sure. You are not directed to the Facebook page or Twitter page. This shows lack of effort and professionalism on the part of the people who created this system.
The worst part is that there is no contact us option available on the page. This means that there is simply no way through which you can put up your queries to the system and this is something quite alarming. The simple reason that the contact information for Binary Tradeo is not available is that this system is a scam. The live chat option is also not there. This means that you do not stand a chance to put up questions that come to your mind at the spur of the moment.
Now we could not get our hands on any information about the CEO of this system so this is something quite alarming. We do not advise you to opt for a system when you hardly have any information about the system because it can put your trading future on the line and we will just not want this at all. You need to think with discretion. We could not find any video testimonials on the site. This means that this system has not been tried by any experienced traders. This is why we strong discourage the use of this system by all means.
Verdict: Binary Tradeo is a Scam!
False website: binarytradeo.com
We strongly feel that your efforts need to be in the right direction or else you will end up wasting your time and money both. If you are missing out on competent guidance, then you need to trust the competence of Valforex because we will just not let you down by any means and will give you authentic information about binary signal services that can be trusted. We also unveil potential scams that have been causing havoc in the binary world. Invest smartly so that you can uplift your trading career and become a skilled binary option trader.
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