Is Pro Binary Bot a Scam?
Since we haven’t gathered enough information yet, we cannot confirm that Pro Binary Bot is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe trading applications:
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Pro Binary Bot
Pro Binary Bot is a new platform offering to online investors access to binary options software. It is presented as an easy to use and free web based solution which requires no downloads from customers and can work on all types of devices. Another interesting mentioned feature of the product is the fact it should provide users with the ability of Demo Trading which would mean 100% risk free demo trading available.
Still, there is no creator of the system. It is like an anonymously created software because there is no information related to the creator of this product. This is something we find really strange.
Our desire to discover further and more specific information, related to the working process of this ProBinaryBot, made us conduct full scam research. If you would like to see what we managed to find, continue reading the review and learn everything we know about this new binary options robot.
What is ProBinaryBot?
Taking into consideration the info which is available at the landing page of this binary trading robot, we can say that it is advertised as a powerful and flexible system with customizable settings that put you in control of the trading process. Of course, there are two options for placing trades just like all the other available online-investing solutions on the market. So, you can choose between manual trading and autopilot modes. Also, there is a provided list with the recommended brokers the robot works with so it is up to traders to make their decision. It is said that the access to Pro Binary Bot is absolutely free but this is not true as every new member is required to invest at least $250 to unlock their account.
With more than 500 allegedly generated signal combinations and 3 different money management methods, Pro Binary Bot is stated to be the most advanced and adaptive binary options trading system on the market. Unlike most other binary options auto-traders which are basically “black boxes” where you make a deposit and just hope for the best this product promises to provide its members with a high level of control over their trading process. As we couldn’t find any 3rd party information to confirm these theories, we are not inclined to take them for granted and we suggest that you should do the same.
Is Pro Binary Bot a Scam or Not?
Despite the fact this system supposedly utilizes some advanced trading indicators and money management systems, we couldn’t find any proof to confirm its legitimacy. We are more inclined to believe that all the shared information is fabricated and that this system doesn’t work at all. Also, we found some user reports related to the profitability of the robot. All of them state that the platform is fraudulent and that it cannot help anyone commence a successful and profitable online trading binary options process. Therefore, we do not recommend Pro Binary Bot to users. On the contrary, we advise them to stay away from it as it is dangerous to their investment.
How Does Pro Binary Bot Work?
Pro Binary Bot is supposed to generate trading alerts on a variety of expiries and pairs. You have the ability to choose which of them you want to get signals for. You should be able to trade these signals manually or by relying on the autopilot mode. Traders are also supposedly given a choice of 3 different money management strategies. In addition, the system generates signals by employing some technical indicators. All traders have to do is select which indicators they would like to utilize separately or in any combination.
- CCI – stands for Commodity Channel Index and detects overbought/oversold levels as well as reversals and divergences.
- MACD – Moving Average Convergence Divergence generates alerts that employs 26 day, 12 day and 9 day Exponential Moving Averages.
- RSI – stands for Relative Strength Index and it compares recent gains and losses over a specified time period.
- STOCHASTIC – this is a momentum indicator comparing the closing price of a security to the range of its prices over a certain period of time.
- TREND – it finds an average price trend for the particular asset, and if the current price is above that average, the asset is in an up trend.
- WILLIAMS – another momentum indicator that measures overbought and oversold levels.
- The 3 different money management systems are also allegedly available at disposal of users as their choice depends on the size of their invested amount, preferred risk level and investment objectives.
The systems are called Conservative (Classic), Accelerated (Martingale System) and Most Accurate (Fibonacci System).
Considering everything we found and inspected, it is more than clear that this new binary auto-trading robot is a scam. Not only there is not a single proof confirming its authenticity, but everything we found from the Internet space in terms of feedback, was negative. As a result, we are going to add Pro Binary Bot in our scam list. In case you really want to start dealing with binary options, you should choose another solution to rely on as this one will not be of any help for you and your income.
Final ConclusionAfter detailed investigation our team concluded that this Binary Robot may not be safe.
The lack of enough real and unbiased reviews on the Internet only increases our uncertainty. This auto-trading system has not been able to achieve the profits advertised on their sales page. Unfortunately we cannot confirm that this robot is decent until traders provide positive feedback.
We recommend You to Proceed To Safety and Avoid Scams by Choosing a High Rated and Trusted Robot on Is-Scam.com.
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