In this review we show that Financial Trading Algorithm (FTA) is a binary options scam.
Financial Trading Algorithm is a binary options robot that is capable of generating trading signals and executing them on your account.
From a trading robot you would expect profits, wouldn’t you? So the question is, can FTA really make you some money?
Financial Trading Algorithm is a scam
You might ask, how could it take your money, when it’s free? Well, here comes the dirty part of this robot. It has a demo that fakes results.
It uses a fake price feed to generate fictitious profits. But these fake profits have the potential to make people believe that the software is really profitable.
People who fall in this trap will open a real account and let Financial Trading Algorithm trade with it. But as real trading results cannot be faked, they will see losses. They will lose their deposit before they fully realize that they have been scammed.
This dirty trick with the fake demo is used by many scams. In fact, FTA uses a standard scam software that is used by many other scams. Look at the picture to see some examples, like Option Robot, TradeBot+ and Xtrade Binary.
So what it is the true purpose of FTA? To make you deposit money with an unregulated broker. Why? Because scammers are affiliated with this broker, they get paid by this broker for sending him new depositors. Simple as that.
Financial Trading Algorithm is a very basic scam that will try to fool you with fake demo profits. In reality it loses money!
If you want to try genuine binary options trading, try a genuine free demo account with a regulated broker.
On the demo you will see what it takes to make real money in trading. You need a sound strategy.