The first question that you should ask yourself is: Why would anybody be giving away for free a profitable binary options robot?
The second question that you should ask yourself is: How is it possible that a free binary options robot has an affiliate program and will pay people for referring new members, where does the money come from?
Answers to these question are very simple. People behind Binary Option Auto Trading are affiliated with unregulated brokers (Binary Tilt, RBinary, Finpari) and will get paid by these brokers for referring new depositors.
So how do they make you deposit with their broker so that they earn their affiliate commission? They have to make you believe that you will make money. So they created a piece of software that can trade automatically, but not profitably. And they force you to deposit first, only then you can start using the app.
It is important, because by the time you realize that Binary Option Auto Trading is a losing software, they will already have earned their commission on you. That’s how it works.
You don’t believe it? Have a look at their Terms and Conditions on the picture. In essence they say that you should not trade based on their system. Their signals come from a third (undisclosed) party.
So you should expect losses. So don’t risk it.
Any serious trading program has to let you verify its performance on a demo account. You should never trade any system or strategy with real money if you could not verify how it works on a demo.
Source:https://www.linkedin.com/pulse/fighting-binary-options-scam-lionel-ng?trkInfo=VSRPsearchId%3A745542961468673824236%2CVSRPtargetId%3A8945273275033463714%2CVSRPcmpt%3Aprimary&trk=vsrp_influencer_content_res_name
The second question that you should ask yourself is: How is it possible that a free binary options robot has an affiliate program and will pay people for referring new members, where does the money come from?
Answers to these question are very simple. People behind Binary Option Auto Trading are affiliated with unregulated brokers (Binary Tilt, RBinary, Finpari) and will get paid by these brokers for referring new depositors.
So how do they make you deposit with their broker so that they earn their affiliate commission? They have to make you believe that you will make money. So they created a piece of software that can trade automatically, but not profitably. And they force you to deposit first, only then you can start using the app.
It is important, because by the time you realize that Binary Option Auto Trading is a losing software, they will already have earned their commission on you. That’s how it works.
You don’t believe it? Have a look at their Terms and Conditions on the picture. In essence they say that you should not trade based on their system. Their signals come from a third (undisclosed) party.
So you should expect losses. So don’t risk it.
Conclusion
Binary Option Auto Trading is just one of many programs designed to make money to their creators through affiliate programs. The problem is that at the same time they lose money to users of their trading systems, so stay away from them!Any serious trading program has to let you verify its performance on a demo account. You should never trade any system or strategy with real money if you could not verify how it works on a demo.
Source:https://www.linkedin.com/pulse/fighting-binary-options-scam-lionel-ng?trkInfo=VSRPsearchId%3A745542961468673824236%2CVSRPtargetId%3A8945273275033463714%2CVSRPcmpt%3Aprimary&trk=vsrp_influencer_content_res_name
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