Most rookie traders get frustrated in the hands of scam signal providers who promise them nothing but profits.
This is very common in the world of binary options trading where fraudulent vendors promote their apps with the intention of luring unsuspecting victims into their booby traps.
On the same note, we’ve taken keen interest on a system called Binary Options Robot 24.
This robot was launched a few weeks ago, and it claims to be a revolutionary system for trading binary options profitably.
Now, the question is, what differentiates Binary Options Robot 24 from other losing trading systems out there?
Sure, everyone would want to make money on auto-pilot, hence the high demand for systems offering 100% hands-free trading.
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But this will not bring money to you if the system lacks intelligence. Secondly, the website of Binary Options Robot 24 looks very basic in design.
It’s nearly impossible to convince expert traders that this website has a solution for those struggling with binary options investments.
We will go ahead and review Binary Options Robot 24 anyway. We can also promise you that we have very nasty things to say about this offer.
We analyzed their so-called ”last trades” and figured out that this robot has a win rate of 70% — that is, if the table showing past performance is anything to go by.
A 70% win rate isn’t good enough because we’ve seen and used systems that do far much better than this.
Secondly, there is no evidence that past performance of this software is the absolute truth. Unscrupulous vendors are used to fabricating results just to favor their end.
It’s impossible to verify that this table is telling us the truth, and thus we cannot say with absolute certainty that Binary Options Robot 24 indeed has an average win rate of 70%.
It’s hard to figure out who owns this property due to the fact that this website is not transparent with critical details.
The website does not say whether or not Binary Options Robot 24 is a company.
The website does not have a contact address or phone number that could be used to contact them in real time.
Not only is this unacceptable for an entity that claims to handle investment matters, but it is also a sign that something is not right with this website.
Secondly, we do not trust them because their details are hidden from the who.is website.
Naturally, we are compelled to do a quick background search on who.is to establish the true identity of websites whose owners are anonymous.
And we can promise you that most people who hide their identities on who.is are never good people.
They always have a bad motive, and in this case, the owner of Binary Options Robot 24 is hiding their identity because they know that what they are offering is a fraudulent product.
The explanation given concerning how this system works is all vague.
The website explains to us that this system has more than 500 signal combinations (we don’t know what this actually means) and that they use 3 different trading styles to make profit.
This information is very shallow, and does not offer any useful insights into the product.
This could means that Binary Options Robot 24 does not have any unique features that sets it apart from the competition.
Also, this could just be empty talk to kill time or fill up space on the website. It’s among the few binary options vendors who don’t utilize videos to promote their products. At the same time, there is very little information on this website concerning the product.
When you go through the website and think critically, you will find a number of red flags worth taking note of.
If these guys say that they provide signals, then it should mean that they offer advice in matters related to investments in the financial market.
This activity requires a license because most markets do regulate this kind of thing.
Furthermore, one of the requirements here is that a company website should always provide their phone contacts and physical address, just in case people want clarity on what they offer.
But as you can see, Binary Options Robot 24 has breached this rule. It is literally impossible to trace the owner of this site if things go haywire.
You should also ask yourself why the owner is hiding their face from you if indeed what they are offering is genuine. Is it that they are not proud of their product? What exactly is their intention here?
Another thing is that no one can give away a profitable trading robot for free.
If the 70% win rate is anything to go by, then we could still say that this robot is profitable.
However, we’ve also seen that this information can’t be trusted. So the talk of 70% win rate is out of the equation.
And that’s also why the owner of Binary Options Robot 24 claims that they are giving it out for free when that’s not the case.
Again, you will need to use their recommended broker as this robot is not connected with any other.
Chances are that they’ve teamed up with a broker that doesn’t have any credible reputation so to speak.
The most unfortunate thing is that this website works with one broker called BDSwiss. This means that users don’t have an option of trading with other brokers.
It also means that their product is only restricted to their recommended broker. In short, they are denying their clients the freedom of choosing brokers, which is not ethical.
It has come to our attention that this platform offers a demo account for those who would want to try their system before going live.
The idea of demo accounts is good. But the problem is that scams love to rig demo accounts, meaning that you can’t trust results which you get when demo-trading with them.
If you want to establish whether or not the demo account is real, check their price feed. You will most likely realize that their price feed is manipulated.
This way, you will never get a true picture of what the market is doing in relation to the results you’re getting.
Finally, most demo accounts will perform astonishingly well because of the rigging factor. It is not unusual to realize a 90% win rate at all time.
We care about your investments, which is why we will always lead you in the right direction.
If you have decided to settle on binary options investments, you shouldn’t give up yet because good systems are out there.
You can use any of our recommended binary options signals on this list, and we promise you that you won’t be disappointed with the results.
We’ve tested these products because it’s our job to test before approving.
On the other hand, you should just forget that Binary Options Robot 24 existed. This website shows all signs of being a scam. We are not confident in what they are offering, and in that case, your capital could be at a risk. You do not want to lose money to this robot.
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