Binary Robot 365 claims you can earn up to 90% with their special software. What does this mean? They don’t say. However, they do insist that you trade only with their recommended brokers. Unfortunately, none of their brokers are registered in the United States. That raises the question of what is Binary Robot 365 and is it a scam? Follow me to see the Devil in the details.
Product Website: binaryrobot365.com
Product Cost: Minimum $250
Product Owner: Cannot Be Determined.
Ranking: Not Recommended.
What is Binary Robot 365?
Near the top of the Binary Robot 365 website, you will find photos and stats for the top five earners. As of this writing, they are Megan S, Declan B, Casey F, Bryson F, and Jesse M.
Binary Robot 365 claims their top earners earned from $3,243 to $8,243. The win rate ranged from 75% to 92%. I suspect these are not real people and that the earnings and win rates are invented.
I found the photos of the top five earners on several unrelated websites with different names. You can do the same thing.
With your mouse on an image of one of the Binary Robot 365 top earners, left click. A menu will open, and you will see the option to “Search Google for the Image.” Click on that, and you will see the many places on the internet the image appears.
The Binary Robot 365 image for Bryson F is also the portrait for Brian Talbot’s LinkedIn page. Isn’t that interesting?
Binary Robot 365 Win Rates.
While the win rates for the top earners is said to range between 75% and 92% we are not given any information to substantiate these claims. It is as if these figures are pulled out of thin air, which I suspect they were.
Scroll down the Binary Robot 365 landing page, and you’ll see they claim, “up to” a 90%-win rate. This claim is not only meaningless; it’s impossible.
Binary Options is NOT investing.
Trading binary options is NOT investing. It’s speculating. In other words, it takes luck for the small trader to win. It’s no different than gambling.
The first line of the Option Robot 365 Disclaimer of Liability states, “Investments in securities, commodities, currencies, derivatives and other investment options are speculative and involve high degrees of risk.”
“The big print giveth and the small print taketh away.” – Tom Waits
The Option Robot 365 Software.
There is nothing special about the Option Robot 365 software. It serves three purposes, none of which is good for you.
First, the software tricks you into thinking you can make fast, easy money with Option Robot 365. You can’t. Second, the software creates the illusion you are investing. You’re not. Finally, the broker can manipulate the software, so it appears you made money. You didn’t.
Winning a binary options trade with a registered broker requires that you correctly choose a specific asset to perform a specific action at a specific time. Statistically, this is nearly impossible. It doesn’t matter how many graphs, whistles or flashing lights your software has.
Nearly impossible odds is as good as it gets, IF you use a broker registered in the United States! None of the brokers recommended by Option Robot 365 are registered in the US.
If you join Option Robot 365, you can only trade with brokers they recommend because they either own these so-called brokerages or they are paid a commission each time they send a trader to one of these brokers. I suspect they own the brokerages they recommend. In a moment, I’ll explain how I came to this conclusion.
Option Robot 365 is nothing more than a sales funnel leading you to brokers who will take your money. To their credit, Option Robot 365 lists the brokers they recommend. At the time of this writing, none of the recommended brokers were registered in the United States.
The United States Security and Exchange Commission states that unregistered brokers are suspected of stealing the personal identity of their clients, manipulating software to force losing trades and locking clients out of their accounts.
The Minimum Deposit.
It’s free to open an account with most brokers, but you cannot begin trading until you “activate” your account.
In other words, you must deposit real money into your account. Usually, the minimum is $250, but a few brokers accept $200 and a few others insist on a deposit of $350. If you give them your money, it is doubtful you will get it back.
Check Out the Option Robot 365 Affiliate Program.
Because Option Robot 365 has an affiliate program, I suspect they own the brokers they recommend. It’s probably all one operation. There’s a reason why we can’t determine who owns Option Robot 365.
To find the link to their affiliate program, scroll to the bottom of the homepage. It’s on the right.
Option Robot 365 pays its affiliates $300 for every trader an affiliate delivers. If they pay affiliates $300 for every customer but only charge $250 on average for a trader to activate an account, how do they make money? They steal it.
Is Binary Robot 365 a Scam?
When you deposit $250 into the account of an unregistered broker, they will also insist that you give them your phone number. When you do, you will be called by someone pretending to be your new best friend and financial adviser.
This person is really a professional telemarketer. Their objective is to get you to trust them, and they will talk you through making your first trade. They are very helpful as they set up the scam.
Your first trade will go very well. Big numbers that look like money will appear in your account. Your new best friend and financial adviser will do a little happy dance to celebrate your new wealth and then recommend you put a lot more money into your account so you can make more money faster. Typically they want you to deposit $10,000.
If you’re a believer, you’ll throw in the ten grande. Soon after you give them your money, they will lock you out of your account and your new best friend won’t answer the phone when you call. They took your money, and you won’t get it back. That’s the binary options scam.
There is NO Magic Software.
Please remember, there is no magic button, magic software or secret formula that will make you rich.
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