This review will mainly concentrate on the BinaryOptionsRobot.com site because it is a service which has gone viral, and because we have received complaints and requests from members of the online community to review this site. We have noticed that a lot of blogs have been promoting the BinaryOptionsRobot system (including reputable sites like Top10binaryrobots.com and 7binaryoptions.com), so it is time to expose it for the scam that it is.
BinaryOptionsRobot poor ITM performance!
Potential investors are presented with two websites, BinaryOptionsRobot.com and Binary-Option-Robot.com. Based on member feedback, aside from the numerous errors in grammar and punctuation in the websites, the investors discovered that the company was losing a lot more trades than it was winning. Their win rate has been averaging 50%, and the fact that they are working with a fraudulent broker named “GOptions” validates the complaints and remarks from the online community.
One of their former clients sent us an email with a screenshot in it depicting how bad this scam has become.
“Hi, I tried BinaryOptionsRobot for a while, it made a small profit for the first couple of weeks but after that is started losing; I’ve attached a screenshot of the last trades before I deactivated it. There are 50 results per page, and this page has just 19 out of 50 ITM. These trades are made by supposed “Expert Traders”!”
Michael Freman, owner of BinaryoptionsChannel.com, exposed BinaryOptionsRobot on his YouTube channel to counter the video marketing strategies being posted by these scams. It is disappointing to note that a lot of blogs and a reliable source in the field of binary options (Chris Morton) have sold their souls for money by aggressively promoting BinaryoptionsRobot.com and Binary-Option-Robot.com. According to Mike,
“some blogs will discredit every offer in the binary options industry, for the pure purpose of diverting their attention to BinaryOptionsRobot.com for a monetary reason”.
These bloggers seem to not care about the risks and harm that this scam will do to the business of binary options trading.
The bottom line is that online trading is a HIGH RISK activity, and even if the provider is not a scam, it might not give you a high enough win rate for you to invest on it full time. A good binary options provider will always offer a win rate of at least 70 – 75% because you will lose more than you win in the long run. It makes us wonder why this scam manages to become so viral, while sometimes offering trades with an ITM of 10%! You have been warned. Please stay away from this scam and do not support it. There are far better providers available which are worth the investment.