Estimated reading time: 6 minutes
We came across a service called Real Binary Options Robot and our opinion is that this is yet another terrible joke.
First of all, Real Binary Options Robot is a trading service providers by an anonymous person/developer. This anonymous person claims to have 6 years of experience in the binary options industry. However, the problem is that they will never produce records of their trading success. This is as good as saying that this service does not have trading performance or history to prove that indeed it is real.
Real Binary Options Robot allegedly can generate up to $8,000 in a month. It comes in two versions. The first version allows trading up to $25 worth of trade size for free. The second one is a paid version which allows users to split profits accordingly. The owner claims that when you subscribe to this plan, you will keep 80% of the profits while they take the other 20%.
Now, the big question is this? Can Real Binary Options Robot be trusted?
First of all, don’t trade with this system because we have discovered several disturbing issues within the website. We mentioned that this service is run by an anonymous individual. We do not take this lightly since money will ultimately change hands. You don’t want to send your money to someone who doesn’t want to reveal their identity.
Any trader who is seeking investment advice in form of trading signals must work with a regulated financial advisor.
Real Binary Options Robot website claims that signals are generated from their master server and passed on to their traders.
While saying this, they do not tell us whether this service is semi-automatic or fully automatic.
If it’s semi-automatic, then it means that someone has to get involved in analyzing trade setups before positions can be opened and closed respectively.
On the other hand, if it’s fully automatic, then it means that this developer should take it upon themselves to explain what algorithm this system uses to choose trade setups.
Regardless of whether it is semi-automatic or 100% automatic, there is still the element of generating signals which amounts to providing investment advice. This service is licensed in most (if not all countries). Therefore, the first thing to realize is that Real Binary Options Robot is an illegal investment service.
And of course we are also seeing that this site (Realbinaryoptionsrobot.com) is 2 years old. Therefore, claims that this anonymous signal provider has been trading for the last 6 years are obviously false. Evidence points to the fact that this guy is lying in broad daylight.
It has come to our attention that this service is using trade4.me.This is different from trade4me.com which is also a scam as well. We suspect that these two platforms are somehow connected or owned by the same person.
The way we look at it is that Real Binary Options Robot is intending to bypass the legal issue by offering their trading signals through trade4.me website.
Trade4.me is a trade copying service where investors select traders that they want to copy based on their performance statistics.
The problem with Trade4.me is that it is not regulated either. In fact, there is no difference between Trade4.me and Real Binary Options Robot.
The site claims that it was voted top among the best binary options signals provider. The problem is that these are just claims. We cannot find a credible source to point out that indeed trade4.me was selected among the best binary options trading signal providers.
You can also expect that the performance stats provided on this website are fake. This is because we could not establish whether those numbers were real. These numbers don’t look real anyway.
The point is, Real Binary Options Robot scam does not have the capacity to serve traders in any country that regulates this kind of investment advice.
Apparently, this regulation exists in every developed country in the world. In other words, neither Real Binary Options Robot nor trade4.me does not have the right to provide their services on the internet. This means that their trick to bypass these laws doesn’t count. Traders should look for other opportunities for trading binary options. This one is a big no for us.
The setup instructions at Real Binary Options Robot website suggest that the main purpose of this system is to route traders to binary.com and trade4.me with the intent of earning commissions.
There is no trading algorithm to use. Win rate percentage is not relevant here. In fact, the owner of this system does not even talk about it.
The more we perused the website, the more we found disturbing evidence that we were dealing with a scam binary options service.
The website has a trade performance tab on the navigation menu. We clicked it due to curiosity because we wanted to find out how good this system was in trading binary options.
We were taken to a page that does not represent verifiable trading performance. Instead, it had data that could not be verified or treated as evidence that this system works. The screenshot above is a representation of what we found.
The point is, Real Binary Options Robot is not a performing service. It’s not worth your time because it is clearly meant to benefit the owner in commissions. When you trade and lose money, they conspire with the rogue brokers so that they can share your money.
The person whom this websites parades as the owner of this trading system is represented with a stock photo. Why do you think this scam is using stock photos instead of real pictures?
The answer is simple. These people intend to scam and evade the radar of authorities. By hiding their names and physical appearance, it makes their work easier when it comes to scamming investors on the web.
Consider the screenshot above. That is our evidence that this website is fooling traders by using stock photos. This scam really sucks, don’t you think so?
They desperately want your $250. They will go an extra mile to pester you into sending them this money.
How do they intend to achieve this objective? This is very easy. As you can see, the owner of Real Binary Options Robot pretends that he is offering the best deal by claiming that he will give you a free demo account, a free robot, access to real account monitoring, plus they are ”guarantying” you that this opportunity is fully transparent.
Don’t be taken for a fool. With all the evidence that we have presented above, you should just know that this is a ploy to rob you.
Just don’t waste your time on Real Binary Options Robot. Why should you trust an anonymous signal provider with real money? Even if they are providing a demo account (which is of course rigged out in their favor), there is no reason why you should send your money to an anonymous person on the internet. Just ignore this service. Trade safely with these binary options products instead.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
August 23, 2017 By Warren
Some social media users have been blasting and trolling Meir Barak of Tradenet because he said in one of his...
June 7, 2017 By Warren
Is Forex School Online going to really teach you the right skills needed to make money from the markets? We...
June 6, 2017 By Warren
The word ''Forex'' is an intriguing phrase for most people. That alone makes the Forex market a healthy breeding ground...
June 6, 2017 By Warren
Traders Elite (traderselite.com) is a scam that claims to have the secret of identifying the exact millisecond to enter and...
June 4, 2017 By Warren
The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More
Don’t Fall Into the Dirty Hands Of Forex Scammers! Get Free Reports on Forex Products and Services that Really Work.