Are you also asking, what is Binary Option Robot? Have you read about it online and is quite not sure if it is legit or just a scam? To clear your doubts about it, read first my in depth Binary Option Robot review.
what is binary option robot?
Binary Option Robot is automated trading software that allows you to trade in binary options to earn money. It is claimed on the official website of the trading software that you do not need any prior knowledge to use this software. They also say that their software is the best and most secure in the market. Binary option trading is risky even when you use the best software. If you are thinking about investing some money in this then you should read this honest review. This review will tell you all about this software including whether it is a scam or not.
how does binary option robot works?
What I am going to tell you about the how this software works is based on their website and I will determine the truth later. I will discuss how the software works and some of its features here.
You cannot test the software for free and you have to invest real money to get started. First of all you have to register and setup your account. When your account is setup then the next step is to deposit money with a binary options broker. After funding your account with the minimum amount which depends on your binary options broker, you can begin earning money.
The minimum amount of deposit depends on the broker that you choose. You are recommended to deposit 500 dollars by the website in the beginning. The software works automatically and you just have to setup your preferences. The software will make trades for you based on your preferences. I want you to remind that this is allegedly how it works and it may be false.
The robot has some additional features such as Stop Loss and Reverse Trading. When Stop Loss is activated the robot will stop trading when the margin is reached. This feature helps to minimize loss and it works only for that day when the margin is reached. Reverse Trading allows you to trade against the signals and this feature works automatically. When you enable this feature the trades will be placed opposite to the signals and this comes in handy if you believe that the signals are false.
So now I have explained how this software works in theory but the reality will be revealed a little later so keep reading.
how much does it cost to join?
It costs nothing to join but you cannot earn money just by joining. You have to fund your broker’s account to earn some money. The amount of money needed to fund your broker’s account depends on the broker but you should have some 250 dollars or 500 dollars that you are ready to invest in most cases. This software is free to join and this is nothing new as most binary options trading software are free to join.
how much can I earn?
I know you are excited about this question and I do not blame you. The earnings will depend on many things. If this software is a scam then you will lose money instead of earning money. If this software is legit then you can earn money with some risk of losing money. I could not find the percentage of winnings that can be expected from this trading software but they talk about consistency on their official website. The earnings will depend on how much you invest in this system if it is not a scam. If you invest 500 dollars and if all goes well then you can earn some hundreds easily in a day depending on the number of your trades. The earnings will depend on how often are the trades placed and what is the amount of each trade. I have given you the average if all goes well.
are there any complaints?
I did a quick search to find out the complaints and I found some comments of people that called this a scam. The people claimed that they lost all of their money in this scam and they do not recommend this scam to anyone.
I have seen many reputed sites call this software as legit but I do not think that Binary Option Robot is legit. This is a scam in my opinion and those sites that are calling this legit should not be trusted. There are Youtube videos that clearly prove that this is a scam and I have to agree with them. The real users have also spoken and this is a scam according to them too. The sites that promote and do not allow users to comment on this scam should be ignored. So my advice to you would be to avoid this scam at all costs. I also advise you to spread the word about this scam so that your friends and family do not lose any money. Share this review with anyone who wants to invest money into this scam.
I know that you wanted to try Binary Option Robot because you are hoping that it will help you earn some money to pay for your expenses and bills. But let me tell you, this is not the program for you.
I myself has also tried this kinds of online programs because I thought that easy tasks can bring me easy money. I just realized that there is no such things as get rich quick scheme. It is because this kinds of program are just there to lure people to join them and just get their hard earned money.
On the other hand, I don’t regret knowing this scams, because it is with them that I have learned about Wealthy Affiliate. It is an online community that teaches its members on how to build their own online business. At first, I was hesitant to join but then I knew that I have nothing to lose because it is just free to join.
Right now I am on my eight month in the program and it fulfilled all my expectations.
Let me end this review with one question.
Check out my review about the #1 Recommended Money Making Program.
If you have more questions and concerns about Binary Option Robot, please feel free to comment it below and I would be happy to interact with you.
let me hear your experiences on the comments below!