97 Partners Robot – Scam or Not

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a Complete Guide for Binary Options Trading

97 Partners is so named because of the way the creators make their profit through the system; the user will keep 97% of the profits and they will take 3% as commission. How very generous of them.

97 Partners was created by Simon, an alleged professor at a Swedish university. He was approached by a large unnamed investment fund to develop the binary options software which he did, taking advantage of his access to their entire R&D department. After five years, he finally completed the software in 2009, however, the investment fund maintained its intellectual license over it for 5 years, which is why the software is only available to the public now.

Is 97 Partners yet another bogus scam? Keep reading for our answer!

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • It is free
  • Fake claims and testimonials
  • No real information at all provided

BinaryMinery Verdict:

Not Reliable Service

What Is 97 Partners Robot?

As you may have well guessed by now, 97 Partners is nothing but a low-effort, recycled scam. The first thing is that they promise risk-free profits of over $4,000 a day, which as anyone who has even the most basic knowledge about trading knows, is simply not possible. And the reason we called it a recycled scam? Simple, the promotional video for 97 Partners is simply just an edited version from another older scam robot known as 30 Day Change. Watch their promotional video on their official site here and see how they’re basically the same video. Of course, because the video is just recycled from another scam, the profit claims in the video also do not match the claims on the website.

This explains why the dates on the screenshots shown in the video are all dated in 2020, because that’s when the 30 Days Change scam site was registered. The 97 Partners site, however, was only registered in 2020. Needless to say, all those screenshots of bank accounts showing ‘proof’ of profits are just simple Photoshop jobs.

In this particular case, the scammers did not bother to hire an actor to play ‘Professor Simon’ however they did have quite a few Fiverr actors give bogus video testimonials. Another common tactic used by scammers is the use of stock photographs for fake written testimonials. This is of course clearly used in said video.

Screenshot

How Does It Work?

The way all these robot scams work is by promising you no upfront costs (a common line they like to say in their videos is ‘put your credit card away’) to lure you in and then redirecting you to their partner broker. When you fund your trading account with the broker, which in the vast majority of cases is unregulated and in many cases totally untrustworthy, the scammers will receive an affiliate commission. By doing this, the performance of the ‘robot’, which is just a generic white label auto-trading software, is irrelevant. Also, they will keep your email and phone number for future scams, spam, and other unwanted solicitations.

In our case, when we tried to sign up with 97 Partners, we found that the site was not functioning properly and was unable to redirect us to a broker at all. Nevertheless, given the proof we have shown above, our readers should be aware by now that this is a pure scam robot.

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Final Conclusion: Is 97 Partners a Scam?

97 Partners will not make you over $4,000 a day as it is just a lazy, low-effort, and recycled scam. We would not be surprised if the scammers behind 30 Day Change are also the same scammers behind 97 Partners although there is also a possibility that is just one scammer stealing from another scammer. Either way, give this poor scam robot a definite pass.

97Partners Review

97Partners is yet another Forex trading robot which promises to make huge profits for its users. So does it really work or is 97Partners just a scam?

  • Forex Glossary – January 10, 2020
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  • TheBritMethod – October 31, 2020

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DISCLAIMER: All Information such as Winning Ratios, Results and Testimonials are to be regarded as simulated or hypothetical. All the information on this website is not intended to produce nor guarantee future results. There’s no guarantee of specific results and the results can vary.
RISK DISCLAIMER: Trading Forex is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital; therefore, you should not speculate with capital that you cannot afford to lose. You may need to seek 3rd party financial advice before engaging in Forex trading.

TBBOB

Fighting online scams since 2020

Alert – Option Robot is a scam – real review

One of our readers asked us to have a look at the “Option Robot” from OptionRobot.com and OptionRobot.co.uk. So here it is.

Option Robot is a robot that trades binary options. According to the web presentation it has an 83 % winning rate, which is pretty big for a free piece of software.

Table of Contents

Dangerous

The first thing that should serve as a warning with Option Robot is that it uses Martingale as one of the money management systems. We have warned against Martingale several times and we are going to do it again now.

Martingale basically means more than doubling your investment if you get a losing trade until you get a winner. This really can wipe out your account in a matter of minutes if you get a series of bad trades, which happens regularly in trading not only binary options, but in trading in general.

So any trading system that uses Martingale with binary options is extremely dangerous and you should stay away from it.

Although the presence of the Martingale system is enough for us not to recommend Option Robot, we decided to test it anyway. So we opened an account and started demo trading. And we immediately saw that there was something wrong.

In order to be able to concentrate on the trading, we let the robot trade only one pair, the EUR/USD, and only one trade at a time. We did not change anything else in the settings.

And look at the following video, on the left you can see Option Robot in action and on the right a real live EUR/USD price feed. We placed a yellow horizontal line at the price (+ – 1 pip) where the robot entered the trade.

As you can see, the Option Robot demo is faking trades, this trade should have been a loser. The price was going down, but the robot closed the Call option as a winner, although in reality it should have been a loser. You can see that the Option Robot demo price feed is not the same as the real price feed, after the trade is open it shows a price spike that never happened.

So trading on their demo can be very misleading. It is the same as with Ultimate4Trading, a fake demo will make you believe that the system is profitable, but if you open a real account through Option Robot and deposit money, it is very possible that you will lose it.

Conclusion

Option Robot is just another scam promising profits on binary options, but its real aim is to make you open an account and deposit money with one of their brokers, because they will get paid for it.

If you want to try binary options, do it on a free demo that is real with real results. Only then you will see what it takes to make money with binary options, no free robot can do this for you.

Best Binary Options Brokers 2020:
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    Binarium

    Best Binary Options Broker!
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