Is BinaryOptionBot 2.0 A Scam

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BinaryOptionBot 2.0, The Second Wave

I started out with the intention of actually trying out this software but once I got through the material he presents there just wasn’t any reason. There are lots of bots out there to choose from and I think that this one isn’t worth your time. I know, I know, you want to read a great article about how this BOT works and I’ll give it to you. First though, what is the BinaryOptionBot 2.0? This is perhaps the first, it is at least one of the earliest, binary options robots to hit the market. This software provides automated signals on 15 different forex pairs and links you to you trading account for ease of trading. The platform has a few different settings for time frame so you can view the assets on 1 minute, 5 minute, 15 minute, 30 minute and 60 minute time horizons.

Unfortunately there is not much information on how the signals are derived but they are based at least in part on a percentage slide in the chosen asset and trend analysis. So far as I can tell the signals are all in the same time frame, the chart settings on the platform are merely a tool for you to use when viewing the asset. The suggested expiry is 15 to 25 minutes which I suppose to mean either a 15 minute or 30 minute option, or the next best available expiry, depending on which broker you are using.

See Our List Of Robot And Signal Providers

The signals are delivered in a window to the left of the screen and include the asset, the time of the signal and the direction of the trade, either call or put. At that point you will then need to enter the trade into your account and then wait for expiry. The BinaryOptionBot is not an auto trader or social trader at this time.

The cost of the service is reasonable sounding at first. I say at first because after watching the video and learning more about how the service works I got a little miffed. This guy, Gary Davies, is not only charging you a fee of $97 he is also making you sign up with his “approved” brokers. This is such an affiliate marketing scam that I have absolutely no desire to use it.

BinarOptionsBot Or LossBot?

BinaryOptionBot is most definitely an affiliate marketing scam. It may not seem so at first because there are no reviews, lists of approved brokers or any other broker specific marketing material on the website. However, in the end, you have to sign up with one of their approved/supported brokers in order to use the software and you have to sign up through the platform to ensure you are “using the signals accurately”. I understand the need to make money but I think most of you will agree with me in saying that I would rather just pay for a software license and/or access to a cloud based software application than get roped into a scheme like this. You already have to pay to get the software, why do you have to use his broker? I already have a broker, and for that matter, I already have more than one broker and more than one of those is on their list. What do you do in that situation? I can’t open a new account with 24Option or Lbinary because brokers typically don’t allow duplicate accounts.

Further, this guy is suggesting you develop trading habits that I frown upon. Seriously, you want me to open 5 accounts with 5 brokers and make the same trade 5 times across each platform. And to top it off he also suggests using a 5% money management regimen. This not too too high but it is high, especially for a newbie. I always suggest using a 1% management plan to start with and then move up from there as you get comfortable with trading. I have been trading for over 10 years, 3 in binary, and am only trading 3% of my account. To me, his suggestions are 5X5 bad and could lead an unsuspecting trader into a pit of loss.

Using the platform as advertised may also lead you into frustration. In order to make trades you have to enter them into the accounts yourself. Even with the accounts easily available on the OptionBot platform it will still take you a minute or two to place all the trades. Mr. Davies suggests that this will increase your chances of overall winning because each trade will come in at a slightly different rate.

To him this means that if an asset only moves a little you may win 4 out of 5 instead of 0 out 1. What this means to me is that if the asset only moves a little you have a great chance of winning 1 out of 5 which is completely unacceptable. It’s one thing to make 5 trades, good trades (5 different assets or signals), and win 3 or 4 out of 5. It is something else to intentionally throw good money after bad making 5 trades on the same asset and signal.

There is no guarantee that any one signal will even be profitable, you might just lose 5 trades at once. At 5% of your account across 5 platforms that will add up fast.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
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  • Binomo
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OptionBot 2.0

I started out with the intention of actually trying out this software but once I got through the material he presents there just wasn’t any reason. There are lots of bots out there to choose from and I think that this one isn’t worth your time. I know, I know, you want to read a great article about how this BOT works and I’ll give it to you. First though, what is the BinaryOptionBot 2.0?

This is perhaps the first, it is at least one of the earliest, binary options robots to hit the market. This software provides automated signals on 15 different forex pairs and links you to you trading account for ease of trading. The platform has a few different settings for time frame so you can view the assets on 1 minute, 5 minute, 15 minute, 30 minute and 60 minute time horizons.

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Unfortunately there is not much information on how the signals are derived but they are based at least in part on a percentage slide in the chosen asset and trend analysis. So far as I can tell the signals are all in the same time frame, the chart settings on the platform are merely a tool for you to use when viewing the asset. The suggested expiry is 15 to 25 minutes which I suppose to mean either a 15 minute or 30 minute option, or the next best available expiry, depending on which broker you are using. The signals are delivered in a window to the left of the screen and include the asset, the time of the signal and the direction of the trade, either call or put. At that point you will then need to enter the trade into your account and then wait for expiry. The BinaryOptionBot is not an auto trader or social trader at this time.

The cost of the service is reasonable sounding at first. I say at first because after watching the video and learning more about how the service works I got a little miffed. This guy, Gary Davies, is not only charging you a fee of $97 he is also making you sign up with his “approved” brokers. This is such an affiliate marketing scam that I have absolutely no desire to use it.

BinarOptionsBot Or LossBot?

BinaryOptionBot is most definitely an affiliate marketing scam. It may not seem so at first because there are no reviews, lists of approved brokers or any other broker specific marketing material on the website. However, in the end, you have to sign up with one of their approved/supported brokers in order to use the software and you have to sign up through the platform to ensure you are “using the signals accurately”. I understand the need to make money but I think most of you will agree with me in saying that I would rather just pay for a software license and/or access to a cloud based software application than get roped into a scheme like this. You already have to pay to get the software, why do you have to use his broker? I already have a broker, and for that matter, I already have more than one broker and more than one of those is on their list. What do you do in that situation? I can’t open a new account with 24Option or Lbinary because brokers typically don’t allow duplicate accounts.

Further, this guy is suggesting you develop trading habits that I frown upon. Seriously, you want me to open 5 accounts with 5 brokers and make the same trade 5 times across each platform. And to top it off he also suggests using a 5% money management regimen. This not too too high but it is high, especially for a newbie. I always suggest using a 1% management plan to start with and then move up from there as you get comfortable with trading. I have been trading for over 10 years, 3 in binary, and am only trading 3% of my account. To me, his suggestions are 5X5 bad and could lead an unsuspecting trader into a pit of loss.

Using the platform as advertised may also lead you into frustration. In order to make trades you have to enter them into the accounts yourself. Even with the accounts easily available on the OptionBot platform it will still take you a minute or two to place all the trades. Mr. Davies suggests that this will increase your chances of overall winning because each trade will come in at a slightly different rate. To him this means that if an asset only moves a little you may win 4 out of 5 instead of 0 out 1.

What this means to me is that if the asset only moves a little you have a great chance of winning 1 out of 5 which is completely unacceptable. It’s one thing to make 5 trades, good trades (5 different assets or signals), and win 3 or 4 out of 5. It is something else to intentionally throw good money after bad making 5 trades on the same asset and signal. There is no guarantee that any one signal will even be profitable, you might just lose 5 trades at once. At 5% of your account across 5 platforms that will add up fast.

See Our List Of Robot And Signal Providers

Option Bot 2.0 Review

Option Bot 2 is one of the most popular binary option robots there is available today. When we got the opportunity to offer this particular excellent binary option robot to our customers for free, we did not hesitate for a moment to start the cooperation with them. Unlike the real robot and binary hedge fund, Option Bot 2 is not fully automated binary trading software, it is actually trading signal indicator, it does not handle the investments entirely for you, but give tips for you, on the basis of which you do the final decision whether to invest or not. This has both good and bad sides. you can not let it take care of 100% of your investments and to go for example to the beach to sunbathe. But on the other hand Option Bot 2 is the best tool if you want to become a better investor and hone your skills in top shape.

Option Bot 2 Live Demonstration Video

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Option Bot 2 Review |Scam or not? Don’t buy before reading this scam investigation. Very important information about OptionBot 2.0 binary option robot.

How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

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    Most Important Features

    • 15 built in currency pairs. The software has 15 built in currency pairs on the which it uses to provide most accurate signals basis on the value changes of currencies and other indicators. After it has present all the information to you, you are able to make an easy decision whether you want to invest or not. This does not require any kind of professional expertise in investment. The signals are on simple format: Currency pair and the put/call, this differs enormously from commonly used forex trading signal indicators which are so complex that you need to have years of investment expertise to interpret them.
    • Multiple supported trading platforms and brokers. Option Bot 2 is fully compatible with most trusted broker sites like CherryTrade and Porter Finance. You can easily make investments in more than one broker. So you are always able to choose the best and most profitable option without any difficulty. The transition from one platform to another is quick and easy, so investor is able to make several successive investments to different brokers almost without any delay. All this allows professional-like trading and effective learning.
    • Customizable user settings. It is extremely easy to customize the application to match your own needs. I recommend you read our binary options money management article before you start using robot as an aid. This way you know better how you will need to adjust the settings so that the risk remains small enough, despite the good return expectations. Option Bot 2 gives you excellent opportunity do that, so you should use those features as fully as possible. If you want to seek for higher returns with higher risk that is also possible.
    • Fully web based, does not require downloading. Option Bot 2 works completely through the browser and do not therefore need to use your computer processing power or electricity to operate. So this software is also ideal for users with some older computer or users who want to save a large part of machines computing power for the other simultaneous use such as playing video games.
    • Live financial data feed. You can easily follow the latest economic events at the same time when you are watching the signals and you are wondering yourself the best potential investments This is an excellent way to combine the trading signals and your own know-how. If you come to the same conclusion with the robot that a particular investment is good, it is much more likely that this investment will be profitable.
    • Fast and knowledgeable customer support. You will get quick answers to all the questions in your mind from expert customer service. Although the Option Bot 2 is really easy to use and is also well suited for beginning investor, can using such a technical accessory be a little frightening for someone. So if you have absolutely anything puzzling questions in your mind, I recommend to contact customer service directly. The website has a live chat feature, where you can directly speak with the customer service agent. And outside the opening hours of live-chat you can leave a message though the same feature. You generally get the answer at least within a few hours to your email.
    • Daily trader insight videos. You get advises of best settings for the software based on daily financial news. In this way you will be able to take full advantage of the robot’s features in the best possible way in every market situation. Also you save your own time when you do not have to think about every possible fine-tuning opportunity, the professional traders will do this all for you, you just need to listen to their instructions.
    • One-to-one coaching and online webinars. Individual advises are invaluable especially for novice investors. Your skills develop faster and you do not make the mistakes that beginners tend to make. Ask more details on these services from your personal account manager after registration.


    Option Bot 2 trading platform is clear user-frindly

    Actual Performance of Option Bot 2| My Own Test

    Software developers are claiming that investor can earn as much as $ 781 in just 20 minutes. I decided to put this claim into test. I have used original Option Bot, which was first launched on 2020, so i did have some expectations. The original version was really useful but wasn’t by no means any way groundbreaking. I did earn some quite good bucks with it, but because of my other business ventures, wasn’t able to concentrate on using it with full capacity.

    However, in few seconds i noticed that Option Bot 2 is completely different software than the firs version. It was like comparing PlayStation 1 to PlayStation 4. That’s how big the difference was, even at the first glance. As an experienced investor I especially liked financial live data feed feature. It was extremely easy to keep up with current economic events at the same time when I fine-tuned the application settings to suit myself.

    Using daily trader insight information to fine-tune the application

    Daily trader insight videos give investors best advises to fine-tune the software based on prevailing market situations. The instructions that were given on the videos were very good. When I looked at them a little closer I’d have end up at the same conclusions myself. Now I saved a lot of time when other professionals had done this work for me. The instructions were in a form that even first time users would be capable to implement them with ease. This is definitely one of the best features of Option Bot 2, which allows it to stand out clearly from the competition.

    How much you can earn with it?

    I did not quite get $ 781 in 20 minutes that the advertisement said was possible, although I am very experienced investor. However, this does not mean that those kind of results are impossible to achieve, with experience, high enough stakes and good luck it certainly is possible to earn that much and even more. After four days of use, my final result was about $ 1800 in which I am very pleased considering how little time I used with the application. I will definitely continue to use the software in the future. I am planning to report the future results on this page, so be sure to regularly check our page and new articles to stay updated.

    Start Earning Money With Option Bot 2

    Is Option Bot 2 a scam?

    Option Bot 2 is definitely not a scam. Quite the opposite, it is one of the best assistive software tools there is available for binary options investor. The few bad reviews which can be found on this robot are probably due to the simple fact that a person did not know how to use it. Maybe he or she has started to invest far too high in relation to their wealth and then lost one or two individual investments, after which no longer had the resources to invest any more money with the software. In investing it is important to remember that a single investment may end at any outcome and therefore you should not make any conclusions about individual results. The only decisive factor is the results after long period that is formed in after thousands of investments. So do not ever invest more than a few per cent of your bankroll to a single investment.

    Conclusion and Overall Rating

    Option Bot 2 is one of the best binary signal indicators there is. I can not think of any good reason to not use it when you investing in binary options. Now, when this excellent robot is available for free you should definitely try how much you can benefit from it in your own investments. I will give it overall rating 4,6 stars out of 5. [yasr_overall_rating size=”medium”]

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker!
      Perfect Choice For Beginners and Middle-Level Traders!
      Free Demo Account! Free Education!

    • Binomo
      Binomo

      Honest broker!

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