EXTREME SCAM: XTrade Binary review

Xtrade Binary websiteThis review is a warning against the Xtrade Binary robot scam. This is not a robot of the real broker!

XTrade binary is supposed to be an award winning automatic trading platform. It allegedly has won awards in 2015 and 2016 for the best binary options robot.

According to testimonials Xtrade Binary has a win ratio up to 90 percent, which is pretty big. And you can get it for free, so can you get rich with this trading program? No!

Xtrade Binary scam

The first striking thing is the name Xtrade Binary, because Xtrade is a pretty big Forex broker, that used to be regulated. But according to our research Xtrade Binary has nothing to do with the real broker.

So XTrade Binary is a scam just because it abuses the identity of a real broker. But there is more.

Fake testimonials

ReviewsWe investigated the testimonials provided on the robot’s website and we concluded that they are fake.

They used stolen photos of people who have no idea about Xtrade Binary existence, they have never traded with it. Check our picture to see a proof.

Also all the awards are fake. This robot was Awards are fakecreated this year, so it could not win any awards in 2015 and 2016.

Look at our second picture to see the proof.

Scam software

Software testFinally we also tested the XTrade Binary trading software. And no surprise here, it is a very well known scam software used by dozens of binary options scams.

Look at our picture to see a few examples, like Tradebot+, Option Robot and Fintecbot. They all use this exact same software that is known to be scamming people.

How? It has a demo that fakes prices and results. It generates profits that would not happen in real trading. But inexperienced people believe thanks to this fake demo that the robot works, so they deposit money and let it trade with it.

As you can expect, they then lose their money, because real trading results cannot be faked.

The truth

Do you want to know how Xtrade Binary really works? People who run it are affiliated with some brokers, they get paid for referring new depositors to these brokers.

This is why they faked the demo, they want you to think that the robot can make you money so that you deposit with their broker and make them earn their commission. That’s all.

Conclusion

Xtrade Binary is a binary options scam that has nothing to do with the real broker. The robot fakes testing results, beware!

If you are interested in making money in trading, try a free demo with a regulated broker to see how it works.

Test and learn on the demo until you have solid and profitable strategy.

Summary
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Xtrade Binary
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