Is BinaryBotPro Scam

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Is Binary Options Trading a Scam?

Binary option trading itself is not a scam but because too many players in this industry resort to dirty tactics to make money off aspiring traders, the whole binary options trading industry is getting a bad rep.

Below is a list of ways in which scammers can get you if you are not careful.

Fake Brokerages

It is not too diffult for someone to setup an online binary option brokerage and start accepting clients’ money. Many such fly-by-night brokerages disappear overnight with their client’s money and then re-open under another name to scam again. Be sure to only trade with regulated binary option brokerages that has been in operation for at least a few years.

Withdrawal Problems

Many scam brokers make it extremely difficult for you to withdraw your money from your account. They will ask you for all sorts of documents for verification before letting you withdraw any money.

Thus, always make test withdrawals before depositing larger sums of money. With regulated brokerages, it should not take more than a few days to withdraw money from your account.

Outlandish Claims / False Advertising

There are many online reviews, endorsements and success stories about people getting tremendously rich easily by trading binary options. These reviews and testimonials are mostly fake and are often paid for by the binary options brokerages themselves and their affiliates. While there are indeed people who made a lot of money trading binary options, they are merely the exceptions rather than the norm and the path to success is anything but easy.

High Pressure Sales Tactics

Be cautious of high pressure sales tactics used by representatives of binary option providers. They often call traders and pester them to deposit large sums of money by luring them in with big deposit bonuses. Often, it is necessary to trade 30 to 50 times the bonus amount in order to qualify for it but the sales people will always fail to mention this fact upfront. In the end, most novice traders will often bust their accounts long before they qualify for the bonus.

Super Secret Auto Trading Systems

Many sites sell some kind of auto trading robots that will trade binary options for you. The website creates an account for you at a scam broker, then instructs you to make a deposit and supposedly you can then sit back and relax while it makes money for you while you sleep.

Sounds good? Well there is one problem: The software doesn’t actually work and the broker is usually a scam broker. Once again, if it sounds too good to be true, it usually is.

Payout Reduction

Once you start winning consistently, some unscrupulous brokerages may actually begin to reduce the payout percentage to you. If you trade regularly, make sure to open trading accounts with multiple brokers so you can compare their payouts.

Conclusion

In binary options trading, you are betting against the brokers rather than other market participants. Hence, the broker only makes money if you lose. For their business model to be successful, more clients need to lose than win.

However, this in itself does not make this a scam as all financial trading are zero-sum games. Your wins come from someone else’s loss and vice versa. It is only a scam when 1)The odds are fixed against you where you have absolutely no chance of winning and 2)You don’t get paid even when you win.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

The scams typically come about as a result of hyper aggressive marketing, false advertising and unethically operated brokerages. Many people feel scammed because they were promised the moon and the sky only to be hit by how hard it can be to really make money trading.

However, all of the above issues should start to become less of a problem as regulations tighten and the industry itself matures as a whole.

Continue Reading.

What are the Main Types of Binary Options?

Learn how the One-Touch, No-Touch and Range/Boundary binary options differ from the common high-low viety and how to trade them. [Read on. ]

What Assets can be Traded using Binary Options?

Many of the most popular financial instruments such as currency pairs, equities and commodities are available to trade using binary options. . [Read on. ]

Binary Options: Trading or Gambling?

Is binary option a legitimate financial instrument or just another form of gambling. [Read on. ]

Binary Options & Trading Robots: A Perfect Match?

Unlike humans, robots have no emotion and do not need to rest, so they can make a lot more trades than humanly possible, combined with perfect consistency. [Read on. ]

Is Binary Options Trading a Scam?

Learn how you can get scammed when trading binary options if you are not careful. [Read on. ]

How to Select a Binary Options Broker?

With so many scam brokers out there, before you learn how to trade, one must know how to separate the wheat from the chaff and find a trustworthy binary options brokerage. [Read on. ]

Binary Options: Calculating Breakeven Win-Rate for a Given Payout

How often does my trades need to be successful in order to be consistently profitable in the long run when trading binary options. [Read on. ]

Is Binary.com a scam?

Is Binary.com a Scam?

Binary.com has been in the trading business since the year 2000, so we think it’s pretty safe to say that they have proven their reliability time and time again. With over a million satisfied clients, there shouldn’t really be any doubt whether this company can make good on its promises. However, if you’re still a rookie trader wondering is Binary.com a scam or not, we will show you everything that keeps you safe on this website. Our team of traders went in and examined the website’s security in a very detailed manner, so if you want to learn about that you’re in the right place. Stay with us and see how an experienced broker protects its clients.

Is Binary.com a Scam? | A huge number of licenses

The most reliable evidence of how secure a binary options broker is are the licenses the company has in its possession. Given that Binary.com has been in the business for so long, you would expect it to have a license of its own and you would be right. However, there is something pretty remarkable this company has achieved in this respect, something that really puts it above all other brokers. You see, this company has no less than SEVEN different licenses! That’s right, seven of them! We have never encountered a broker that comes even close to this, so it really had to be mentioned right at the beginning of our Binary.com scam test. The licenses in question come from the Isle of Man, United Kingdom, Malta, Vanuatu, British Virgin Islands and Labuan (Malaysia). The agencies from these countries are all well respected in the world of online finance and we could end our article right now and leave it at that, but we will show you more evidence that Binary.com security system works perfectly. Read on!

Is Binary.com a Scam? | Safe transactions

Asking “Is Binary.com a scam?” usually first and foremost means that you want to make sure that the broker will always treat your money the right way. Well, you certainly don’t have to worry about that here. Apart from 11 different methods for deposits and Binary.com Withdrawal and very low financial requirements, you can count on the utmost security of your personal and financial data. First of all, an impenetrable SSL encryption makes sure you are the only one with access to that information. Second, everything the broker does or asks of you is in full accordance with international anti money laundering practices and trading laws and regulations.

Binary.com Payment Methods

Should you have any complaints regarding the way this company conducts its business, you can always file a complaint to them and if its outcome does not satisfy you, you always have the option to take things to one of the company’s regulators. In short, there is always a way for you to seek justice if you feel that you were wronged, but we honestly think it won’t come to that. This broker is simply too professional and does its best to make sure traders feel good on their website. However, there are more things to discuss, so keep reading!

BinBot Pro Review – Avoid Bin Bot Scam Software! My Experience!

Here, we review the BinBot Pro trading system and let me tell you it looks genuine and promising. Every other day, a new binary options trading robot is released, and we are always ready to inspect it for any risks or red flags. Our sole purpose is to bring out the real facts and figures so that you do not get deceived by relying only on what you are told. At the first look itself, the BinBot Pro came about as sincere and genuine website. There were no extravagant promises of making millions or hundreds of thousands of dollars in a short duration of time as all scams do.

We liked the transparency that the website demonstrated. Hardly anywhere do you see the list of supported brokers on the first page itself. All the scam systems hide the brokers from your knowledge until you have already deposited the initial investments. The brokers supported by BinBot Pro are Binarymate and Finpari. Both these brokers have been around for many years. I talked to my personal account manager with BinBot Pro, and he told me that they have been operating for more than five years and have over 5,00,000 active traders subscribed with them. This is a testimony to the level of professionalism and proves that it is not a scam. No company can continue for such a long time if it follows wicked ways or does not prove profitable for its users.

Update: I am getting complaints from my readers that BinBot Pro is not generating good profits now. Looks like the new brokers which are linked to BinBot Pro are scammers. I don’t recommend any of my readers to join BinBot Pro now. Head over to our Recommended Signals page to check our trusted trading robots.

Official Website: binbotpro.com

BinBot Pro Review

The BinBot Pro system is short on the variety of assets. But, the reason for this is that they have preferred to concentrate on quality rather than quantity. The only assets available in BinBot Pro are eight currency pairs. With just currency pairs available for trading, it makes life a lot easy and free of distractions. Trading in currency pairs is more transparent than any other asset because currency rates can easily be verified and it leaves no room for manipulations from the broker’s side. Once you select the broker, you really don’t have much to do afterward than to sit back and watch. The software automatically places trades and your account’s current balance reflects the wins or loses instantly.

Auto-trading has been a victim of negative publicity from the media for no real fault of it. It’s just the scam softwares which have invaded the binary options market and promise to generate millions of dollars which have led to a trust deficit. The truth is that auto-trading systems have helped in making binary options trading available to the masses. Its use was earlier restricted to a handful of people who had credible trading backgrounds.

How does the BinBot Pro work?

Once you register on the BinBot Pro software website, you would be taken to a page where you can set your trading settings like the broker selection, funding your account or selecting the trading robot. Yes, BinBot Pro has a rather new feature of letting you select the trading bot of your choice. It gives a choice of 10 robots which differ in their profit generations. ‘xProfit,’ is the highest grossing robot, with a return of 139% while ‘Bullish intervention’ yields 85%. Apart from these two extremes, there are robots like ‘Strong US v2’, ‘Rising East v1.2’, ‘Bolly Band Bounce,’ ‘RVI and MA’, ‘Bladerunner’ and a few others.

The BinBot Pro trading platform is built in such a way that it gets the maximum tasks done on its own and leaves just the funding, broker and robot selection with you. There is a demo for each robot that you need to unlock first before using. The demo gives a live show of the robot putting trades automatically and is an interesting thing to watch.

BinBot Pro Supported Brokers ( Update – 4/4/18 – These brokers are not supported)

BinBot Pro supports two brokers namely BinaryMate and Finpari. These are both reliable brokers and offer many account plans with a host of benefits like bonuses, risk-free trades, Demo accounts and 1-hour withdrawals. But, all the benefits depend on the Account type. The more you invest, the more profitable robot is allotted to you. Choice of the right trading account is very crucial. Choose an account that suits your budget.

Finpari

An old player in the game, it is a reliable broker. Their customer service is perhaps the best out there. Gives a string of account type choices which come loaded with benefits. Bronze, Silver, Gold and Fixed Income Account are the available choices. Investments can range between $250 as in Bronze to as high as $50,000 for the Fixed Income Account. All this again depends on the account type.

BinaryMate

A very serious broker who takes every precaution that its traders do not have to come up with any sort of complaints, that’s BinaryMate for you. They too offer account plans which you can choose from depending on the suitability and investment. Moreover, this broker is accepting US Traders as well.

Can BinBot Pro be trusted?

Of course, you can trust it. The BinBot Pro uses brokers who are around for many years. They comply with the International Trading standards and IMF. All the payment processes are confirmed by Visa/MasterCard – a certificate that meets all safety standards. Without this certificate, they won’t be able to work with banks and on the markets. The certificate is issued only after inspection. On the top of these, they are powered by Thomson Reuters, the most trustful information source which also provides its services only after total inspection! They accept customers from USA, China, and others.

One has to understand that an international company like the BinBot Pro can’t be restricted by the regulations of one particular country, especially by Cyprus Security and Exchange Commission as they are not based on Off-shore zone. They can only comply with international laws and regulations, which the BinBot Pro very well does.

How to Join BinBot Pro?

This robot is available in all countries. You can easily join BinBot Pro software on official website.

  1. Open official website of BinBot Pro – binbotpro.com
  2. Click on Registration button.
  3. Enter your Name, Contact number, Email id and password on the form available.
  4. Make a selection of your brokers, Choose anyone out of Finpari or BinaryMate.
  5. Fund your trading account depending on the type of account and the minimum deposit that account type requires.
  6. Make a selection among the ten available robots.
  7. You are ready to go with Bin Bot Pro.

Help & Support

The BinBot Pro system is web-based and does not need any installations. This feature cuts out on the possibility of problems in setting it up for use or other installation based glitches. The first thing to notice is that as soon as you have registered, you are provided with a dedicated Account Manager who is available to chat with you. The analyst can be approached with any queries or complaints, and in no time you get a satisfactory reply. In my case, Richard was my account manager who helped me very patiently.

Update: I am getting complaints from my readers that BinBot Pro is not generating good profits now. Looks like the new brokers which are linked to BinBot Pro are scammers. I don’t recommend any of my readers to join BinBot Pro now. Head over to our Recommended Signals page to check our trusted trading robots.

BinBot Pro Review Conclusion

The prospective traders have been exposed to so much scam and false promises that in a way their eyes search for big fat profits. They know it perfectly well that such promises are some of the tricks which the scammers play on their minds. A genuine trading platform will never look as attractive as the scam software. But, if you are a serious trader what you should seek is ingenuity and sincerity. BinBot Pro will not make you a millionaire but would serve its purpose well, and that is to earn reasonable profits. We recommend the BinBot Pro system and trust that it would earn profits for you as expected. I hope this BinBot Pro review helped you in taking right decision.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

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