FX Binary Bot Review: Fxbinarybot.com another Dubious Scheme
FX Binary Bot is a trading robot that offers Forex and binary options trading services. The company is relatively new, with less than two months in the market. Still, the company claims to be the best in the market. The company claims they are your life-changer, and they promise that their software will help boost your binary and Forex trading instantly. They say they do this by providing the best indicators and expert advisors in the market.
Further, the company claims its software has a 90-95% accuracy level in trading. They claim to have only experienced traders on their team. We hope they can back this claim by providing details about their team members. That is the only way we can verify that they are genuinely experienced individuals.
Moreover, the company promises very high accuracy levels. The only way they can back up this claim is by providing an impressive record of trading results. Otherwise, this is just a claim that anyone can make.
These are just some of the ways to verify that a company is legitimate. Moreover, such details help us verify that a company can deliver what they promise. This review will give you an in-depth analysis of the FX Binary Bot. You will find out whether this trading bot is worth your money.
In the meantime, there are many legitimate Forex trading robots that you can invest in right away. Such trading bots are trustworthy and have proven to work for a long time.
FX Binary Bot Review
FX Binary Bot’s website is unprofessional with a lot of grammatical and spelling mistakes. From this, we can tell that experienced individuals do not run the company. This is a cause of concern. A wealth of experience and knowledge is valuable in the Forex and binary options market place. We do not believe that such individuals can produce the kinds of results they promise.
Furthermore, the accuracy level they promise is very high. Most companies barely hit such results in Forex trading. We believe that this is just a strategy to attract eager individuals to use their software. They use such high numbers to make you believe you can get rich quick. Further, they use phrases like ‘Be Smart, Be Successful, Be Happy!’ This is part of the ploy.
You should be careful with such companies. The promise of a wealthy lifestyle is a crucial ingredient in their sales pitch. In reality, they cannot deliver what they promise.
On a good note, the company does offer customer support. Clients can get in touch with the company on WhatsApp via +8801748447520 or fill out a contact form on the website. Additionally, the company has provided a link for their Facebook and Telegram pages.
Founders and Physical Location
The developers of the FX Binary Bot claim they have over ten years of experience in Forex and Binary Options trading. However, this claim is unverifiable. The website does not tell us who these individuals are or what their trading history looks like. The company expects investors to give them their hard-earned cash while they operate from the shadows.
There are many risks involved in investing with mysterious people on the Internet. They might wake up one day and decide to take off with your money. You will have no one to turn to since these people are unknown. Even worse, it is impossible to track these individuals down. The website does not feature a physical address of its headquarters.
Pricing and Payment Methods
The developers of the FX Binary Bot are selling it at $49.99 for a lifetime license. The website features details that the bot’s original price is $575. However, we suspect this is just a strategy to compel you to buy their software.
Furthermore, there is a huge red flag in the payment methods for this company. It would be impossible to recover your funds once you send them to these individuals. All the accounts provided are for an individual known as Ahmed Khan. This means that the company is using someone’s personal accounts to receive all funds.
Even worse, the company does not have a money-back policy or a trial period. Once you send them your money, you will not get it back. The company does not care whether the robot gives you the desired results or not. They will simply not give you your money back.
Trading Strategy
The website states that the FX Binary Bot uses multiple technical indicators in its operations. The indicator allegedly analyzes the trend and the strength of the trend. They claim the indicator can do this because they have a new unique algorithm to find good trades.
This is a very vague description of the trading strategy. This, combined with the bad English, makes it impossible to tell how the software really works. Additionally, the website features several screenshots of charts to show the setups they look out for. However, these are even more confusing. They offer no valuable information to investors. As far as we are concerned, these are useless space fillers on the website.
Trading Results
There is no better way for a company to show its software works than to provide impressive trading results. Moreover, a company should provide verifiable trading results to investors. This will help them assess whether the software best suits their portfolio. In this case, the company features no verifiable trading results on its website.
The website only features two videos showing the results of the software. However, it is impossible to verify that these results are for the FX Binary Bot software. The best way a company can present trading results is by providing a Myfxbook or FX Blue account. This process takes a few minutes. We do not understand why they wouldn’t do it unless they are hiding something from investors.
Customer Testimonials
The company’s website claims they have a large number of clients from all over the world, leading a prosperous life. However, the company only features two customer testimonials.
Unfortunately, we cannot take these as reliable. We can tell that the company created these fake reviews to make it look like they have real customers using their products. The testimonials on the website have the same language structure seen all over the website. Even worse, the company is using stock images to represent their customers.
Over the years, we have learned that this is a recipe for disaster. Using lies is unacceptable in a company providing any financial solutions. This is just a marketing tool the company uses to promote its image.
Final Verdict
FX Binary Bot is not worth your money and time. The company offering these trading solutions is jam-packed with red flags that we cannot ignore. For starters, the developers of the robot operate in full secrecy. It is a bad idea to send your money to mysterious individuals on the Internet. Further, the company is promising returns they cannot provide.
Moreover, the company is using fake customer testimonials to attract investors. Under these conditions, you cannot make any real returns in the financial markets.
There are better companies that will offer you professional services without compromising on your peace of mind. Use only the market’s top Forex trading robots in your trading operations. Only such companies can give you real returns.
