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Binary Trading Club Review: is it a Scam?

Binary Trading Club Review: is it a Scam?

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In this review, we will look at a site called binarytradingclub.com which offers managed trading accounts, signals and education for those who want to learn trading. Binary Trading Club wants the trading community to know that even though 90% of traders are losing money, that does not mean that we can’t make money. They have put up the following statement on their website to make us see that trading with Binary Trading Club can be the best decision ever. This is what they say:

”At least 90% or more of binary options trader aren’t profitable. But don’t let that discourage you; it is possible to make A LOT of money trading forex or binary options, and once you have found a strategy which works for you it is possible to make money every day with little effort. However, it is important to acknowledge the reality that any kind of trading (whether it is binaries, Forex, CFDs or other) is not as easy as it is sometimes made out to be; there are hours of research that needs to be conducted on market and asset trends before you can hope to start being profitable. That is why to help you on your journey to success we will recommend to you various different options – from signals and training, to fully managed accounts.”

binary trading club

On top of this, Binary Trading club wants investors to know that there are two ways to succeed in binary options trading – you can either go it alone, invest thousands of dollars before you “figure out” a way to make money consistently, or you can invest smartly, learn from experienced traders or even follow them and start profiting right off the bat! They also don’t want to let lack of experience deter anyone from making money because with the Binary Trading Club, people will have all the information they require to trade properly and profitably.

The question is whether Binary Trading Club is real or some joke. Until you read this complete and honest review, you won’t know what this trading service is and what it can do or cannot do for you. In the meantime, we are recommending these trading solutions to anyone who would like to make money trading binary options.

Binary Trading Club review

They are offering 3 types of trading services. On their website, they have published short information to accompany every product which they are offering. In terms of trader education, this is what they say: ”Feel like binary options is a hard nut to crack? We, being experienced binary options traders ourselves, know the value of high quality information and training and with us you will have access to some of the best ways to invest your money. We will show you where to go to access some of the best interactive courses, video tutorials and e-books available online today.” By using this service, traders or investors who want to succeed are made to feel comfortable knowing that ”professional traders” are educating them and giving them the best but is this true?

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In terms of trading signals, Binary Trading Club makes the following statement (again to make investors comfortable with their service).

“Binary options signals are the best way to piggyback on the experience of coveted traders and make money from their knowledge! Signal services are provided by traders who have been trading for a while and have access to software and information that other probably don’t. Signals are essentially updates which tell the subscriber if a trading opportunity is about to present itself. Most respectable signal providers will only send out a signal to their subscriber if they are very sure of the trend that an asset will take. There are many services out there, but unfortunately there are many scams too; we will show you where to go for real signals from real people.”

And this service is also claiming to make the work of investors easy because they offer managed trading accounts too.

Binary Trading Club claims say that they never just let any manger offer services to their members. They closely scrutinize their previous returns; check their MYFXbook profile make independent verification of past returns. The manager is then placed on a trial period on a phantom portfolio to track their returns in real time for 3 months. This is an assurance that to anyone planning to join the club that their accounts will be in safe hands if the managers’ performance is anything to go by.

Member Managed Account Services

Binary trading Club members are promised only proven managed account services. The club promises to refer members to only accredited brokers offering the best deals. It also pledges to monitor performance and produce regular performance criteria.

Binary Trading club customer feedback

Of course, we have seen false testimonials from fake clients. Some managed accounts are offering promises that are too good to be real. Disappointed traders have come out to report how account managers duped them yet they were colluding with the broker. Binary Trading Club has been reviewed negatively across the internet and it seems that those who are rating it positively have been bribed or compensated in some way to neutralize the negative reviews.

We definitely cannot trust everything we see on the internet regarding Binary Trading club. However, we strongly believe that there is some truth to these claims.

Trading performance if any?

You will be surprised that despite this service claiming to offer the best returns from their managed account service in addition to signals, they are offering no trading performance on their website. If they claim to be professional traders, this shouldn’t be a difficult task on their side. Therefore, for this particular reason, we are not going to recommend this service until we see their trading results and are comfortable enough that this service can return decent profits to their investors on a consistent basis.

Our best advice for you

We would never recommend Binary Trading Club because the website does not operate with 100% transparency. Please invest with these resources instead.

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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

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