Binary Options Bots and providers - Just stay away

This is a discussion on Binary Options Bots and providers - Just stay away within the Fixed Odds forums, part of the Commercial category; Hi, so anyone who saw my recent posts will notice my negative comments about options bots and providers, it is ...

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Old Oct 26, 2016, 11:29am   #1
Joined Mar 2011
Binary Options Bots and providers - Just stay away

Hi,

so anyone who saw my recent posts will notice my negative comments about options bots and providers, it is all a scam after extensive research. I decided to gamble 500 usd in a few accounts for some research over a 4 week period.

I was open minded at the beginning when I started, but was aware that so many people already had said they were dodgy and not reliable, but am a firm believer in forming my own opinion. I also used to work in a bank, so know a thing or two...

Anyway, so after weeks of research I selected a few bots that had best ratings and reviews online.

What I also learned is that the promoters on youtube seem to say one is a scam and one is not, however they are all scams. The promoters pretend that some are not scams to give you confidence and appear to be bonafide honest people, absolutely not. They only say some are good to get some revenue from the bot providers. I also have some trading knowledge and decided to check the option selections versus the forex/stock charts to see if there was any connection to trends, often the bot would say buy/sell XYZ when clearly the trend is going the other way etc. So can only conclude the bots are randomly selecting the binary options, so it is blind gambling.

Systems i tried and also mirrored on forex/stock charts:

-optionrobot.com (completely random gambling)

-social tech trader (completely random gamlbing)

-neo2 (claims to use weather, such a joke and random gambling)

Brokers, that also offer signals

-tradorax (stay away, would not give me my full balance back, also very aggressively tried to push me to invest 5k which i refused, not regulated)

-secured options (very shadey and have office on some small pacific island, not regulaued)

-banc de binary (con artists in cyprus...who my designated agent lied about trial offer and i lost 50% of deposit, although are only regulated one i found)

So, although the experience was like online gambling at a casino, I did have some ups and downs, but currently it is basically all a scam.

Good luck
saj1011 is offline   Reply With Quote
Old Dec 2, 2016, 8:14pm   #2
 
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Joined Dec 2016
thank you very much!
MisterGreen is offline   Reply With Quote
Old Dec 2, 2016, 11:27pm   #3
Joined Sep 2008
You can try NADEX Binary Options... Fully regulated in the United States by the Commodity Futures Trading Commision (CFTC). USA is the most highly/harshly regulated country in the world.

Peter
wackypete2 is offline   Reply With Quote
Old Dec 2, 2016, 11:33pm   #4
Joined Sep 2008
I have made some money on Nadex and tried posting some trades on a thread here but almost no interest.

Peter

link to other thread:
http://www.trade2win.com/boards/trad...y-signals.html

Last edited by wackypete2; Dec 3, 2016 at 12:00am. Reason: added t2w link
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Old Aug 18, 2017, 4:39pm   #5
Joined Feb 2016
Some bots may be good however they are hard to trust if you aren't any developer because they can double the trouble in the middle of trading if you don't know their technical side.
progix is offline   Reply With Quote
Old Nov 9, 2017, 2:45pm   #6
Joined Mar 2014
lol nadex and others

impossible to win

spreads to wide
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