Binary Option Robot is certainly refreshing compared to the other Binary Option Software type scams I have reviewed so far. Don’t get me wrong, it is still a scam. Fake review sites out there could paint Binary Option Robot like it is the real deal but that is what they do.
These review sites make money by getting people to make deposits with binary option brokerage firms via seemingly free Binary Option Auto Trading Softwares like Binary Option Robot. Their recommendation is never based on the reliability of such softwares but rather popularity.
By the way, you might also confuse Binary Option Robot with binary-option-robot.com or binaryoptionrobot.com, not that it matters since they are also similar binary option software scam sites.
Name: Binary Option Robot
Price: min deposit of $250 – $350 usd.
Not a Believer of Binary Option Robot
Or binary option signal softwares, binary option bots or auto trading softwares. Many different names but pretty much the same function. Creators of such softwares wants you to believe that you can win your binary option trades 80% to 90% of the time simply by using their software to trade.
My experience is that such softwares make a lot of stupid trading mistakes, their trade signals are unreliable and I have never once witness a software able to predict at accurate win rates of even 70% to 90%.
Off course, there are lots of people out there who believes there are softwares where once installed will generate them tons of online money on auto-pilot. There is a reason why new binary option software type scam sites keep popping out every week.
Anyway, If I developed a software that can accurately predict and execute winning trades. I will probably just get rich somewhere nice and be really really quiet about it.
Binary Option Robot is Refreshing in a Weird Way
For a Binary Option Scam Site, it is actually pretty tone down. No outlandish claims, no videos of incredible wealth. No super cars, hot girls, beautiful mansions or private jets.
No paid actors, fake testimonials and accreditations that we are so use to seeing in such scams. Just some hints of money here and there to bait people and the promise of simple auto-trade feature that will win you 83% of your binary trades.
How they come up with 83% is beyond me. I have seen live trades of using Binary Option Robot and the win rate looks nothing like 83%.
However, Binary Option Robot is being promoted heavily by fake review sites, maybe they realize that commonly used hype tricks are easily spotted as faked and has opted for more subtle options.
Brokerage Firms Want Customers who uses such Softwares
Just because I have bad experience with binary trading software does not mean all binary trading softwares are bad…
Fine, but here is my argument.
Did you know that you are actually betting against the brokerage firm when you are binary trading. Whenever you win trades, the brokerage firm is actually losing money.
It is the interest of brokerage firm that you actually lose your trades. So why would a brokerage firm facilitate your trades with software that can give you a winning edge. Is it because they know such softwares don’t work?
Sometimes, I wonder who is the bigger jerk. The people who create such binary option software scams like Binary Option Robot or the people behind fake review sites that just spin utter rubbish promotional hypes about such scams. Or maybe they are all under the same umbrella…