According to its website (NightOwlSignals.com), this virtual “trading room” was created in 2016, and it basically claims that investors who sign up with them will be able to earn $10,000 or more a month. This trading platform is supported by promotional videos on YouTube, and the website is easy for anyone to navigate. While it looks enticing, investors are advised to stay away from NightOwlSignals because it is a scam trading platform similar to other scams out there. They only manage to stay unique because of their software colors and company logo.
NightOwlSignals Trading Platform
Based on the details posted in the website, this virtual “trading room” provides two trading sessions per day, and it runs from Mondays to Thursdays between 9:30am to 11am and 8:30 pm – 10 pm Eastern. We navigated the site map to look for the people behind the operation, and we did not find any information on the staff. It did not help that a Google search gave us plenty of review sites that claimed that NightOwlSignals is a scam. A red flag was immediately raised because of this flaw alone.
A second red flag was raised when we learned about their service fee: $87 for 2 weeks service! That would cost an investor around $188.50 per month (or around $2,262 a year) just to use their trading platform! There are many reputable providers out there which offer quality service at an affordable price or even for free! This made us think that NightOwlSignals would offer more trades or a high ROI for that amount.
Speaking of YouTube, we have seen a number of users who have tried trading with NightOwlSignals and have recorded their trading sessions. The average win rate that these users reported was a mediocre 58%! You are paying for an expensive trading platform where you do not know who you are dealing with, and then you will get a dismal win rate of 58%. Seriously, that is very low. At least other binary options scams would give out a 70% win rate. This is simply unacceptable.
The final red flag was raised when we found out that actors from Fiverr.com were paid to promote NightOwlSignals via YouTube, and they were not doing a good job at it, offering nothing but generic information.
In closing, there is no reason for us to recommend NightOwlSignals to anyone. There are better alternatives out there which are worth the investment.