Estimated reading time: 6 minutes
5Binary.com is a website that offers binary options trading robot with no success record. To make you believe that you’re getting the best deal, these con artists have gone to the extent of including a demo account for those who want to test and see how 5 Binary is profitable.
This developer does not say who they are and what their level of experience is. They are simply anonymous, yet they want you to trust them with your $250.
Like many other scams in this niche, 5 Binary works on auto-pilot, meaning that your job will be as simple as collecting profits at the end of a trading day.
And of course these faceless individuals are offering this million-dollar opportunity for free. Just sign up and thousands of dollars will start rolling into your bank account in the next hour.
Now, according to our perspective and opinion, 5 Binary is just a scam. There is nothing on that website which could be used to prove the legitimacy of what they are offering.
It is a white label. And all white labels are purchased by con artists, then re-branded to make them look as if they are legitimate robots even when this is not the case.
We have always warned traders not to trust developers who take advantage of the anonymity which the internet affords them.
If you have read most of our reviews, you will get the feeling that we are strongly against those who hide website details on who.is. This is often an indication that the owner of that website is a fraud, and is trying to make it difficult to trace them if they ever con you.
So let’s get straight into the details of this 5 Binary review. Here’s what we know:
Notice that a $1000 worth of demo account is available for your testing. That is the very essence of this trap. The owner of 5 Binary robot wants you to sign up and play around with that demo account. 99% of your trades will end in the money, thus suggesting that 5 Binary robot is extremely profitable. In fact, with this demo account, you will make thousands of dollars in a very short time since that is how it is programmed to work.
Beware! This demo account has fake price feed. We signed up and compared the prices with those that were in the real markets for the particular currency pair that we were testing. Each time we did this comparison, there was a huge difference, and this is evidence that this demo account is manipulated to fit the agenda of these crooks.
When you open the homepage of 5 Binary system, you will see pop-up alerts after every few seconds conveying that someone has just made some money.
These alerts pop-up randomly on various parts of the website. And each time there is an alert, they claim that a trader has just won an X sum of money in 60 seconds.
That is laughable because honestly these scammers are expecting their visitors to fall for such kind of trickery.
You see, when it comes to financial matters, it doesn’t matter how well you’re displaying the power of your robot. What matters is evidence that these guys really won the alleged money.
These crooks would have done a better job by showing the actual trading statements of the alleged winners.
We actually tried engaging support on their live chat feature on the website of 5 Binary. This live chat is always showing off-line status. We don’t know why.
We left a message, inquiring if we could gain access to trading statements which prove that indeed people were winning these trades.
We do not know why 5 Binary wants users to trust it when there is no evidence that their system works. Maybe they are banking on claims, hoping that some foolish individual with $250 will fall for their tricks. That is the purpose of that website by the way.
This shoddy system invites users to deposit $250 with any one of their 20 brokers. Of course when you do this, you will be expecting to make millions in a short time. But truth will soon turn out that this software is a money-loser, i.e. it losses every trade that it opens. It finally blows your account because even stopping it from opening random trades is not possible. It only stops when your account is depleted.
How do they address the question of how 5 Binary Robot works?
Well, the crooks say that their robot depends on 6 trading indicators that can be selected in the settings area to give the best results.
Guess what, these are the usual indicators like the RSI, Bollinger Bands, MACD and many others than you and me are already used to. Are these indicators any special? No, they are not a magic bullet. You cannot just say that now that you’re using all the 6 indicators, you will win all trades. You can’t even be guaranteed of winning half the trades with these indicators because this is not special technology.
You’ve got to do things differently in order to realize success in trading binary options. If every loser out there is using these indicators, what makes you think that 5 Binary will deliver different results?
Also, the website states that 5 Binary delivers 45 signals per day and that most if not all of them are winning signals.
That claim cannot be confirmed on a live trading account. The closest you can get to see this in action is in the demo account which they are offering in conjunction with this app. You already know that someone rigged this demo account to give a false impression of what 5 Binary is capable of doing. Know these facts.
It’s very funny how this lazy scam never even attempted to produce fake trading results on their website.
They claim that producing trading results is unethical. But in our opinion, denying traders evidence that this software works as claimed is the most unethical thing that these crooks can do.
In fact, they are the most unethical lot of idiots around. How can you give them $250 if you have never seen what this software can do?
5 Binary seems to be a lazy scam because they couldn’t even afford fake testimonials like the counterparts whom we have written about before.
Everything about 5 Binary is just fake. Even if they presented a few people who claim that this system is profitable, we would simply question their authenticity.
For us, this is a deadly scam. It is operated by charlatans who hope to prey on the ignorance of traders who don’t want to do their due diligence.
Please, spare yourself and invest in credible binary options trading software. Do not use robots whose reputation is shoddy. If they want our trust, they should be transparent first, and second, they should never hide the true identity of the owner and three, they should present trading results immediately.
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