FX News Robot is an automated software for trading binary options. It allegedly should make you “trade like a pro”. According to results showed on the FX News Robot website it is very profitable.
And the best thing supposedly is that FX News Robot is free, so you have nothing to do and you can earn money. Really?
FX News Robot scam
The robot is free, yes, it even has a demo that will show you tremendous results. The only problem is that it is fake.
The demo uses fake prices to make trades, so the profits it generates are totally fake and would not occur in real trading.
But if you are not experienced enough to see through this trick, you can get convinced that FX News Robot really works and let it trade for real with your money. In this case you can expect the robot to lose your money.
What’s more, FX News Robot is just another bot based on the White Label software, many binary options scam use it. Look at the picture and you will see a few examples, like Option Robot, ProBinaryBot and Automated Financial Markets.
On the picture you will also see that FX News Robot took trades on Sunday on the demo, which proves that it is faking results, because markets are closed on Sundays.
The harsh truth
The true purpose of FX News Robot is to make you deposit money with a certain broker, because scammers who run this robot are getting paid by this broker for referring new depositors. That’s all.
Now you see why it is faking the demo results and why it does not matter that it loses money in real trading. Scammers just need you to deposit and start trading to earn their affiliate commission.
FX News Robot is a dirty scam that shows you fake demo results. Don’t trust it!
If you want to try binary options to see how you really can make money in trading, do it on a genuine free demo with a regulated broker.
On the demo you can learn to trade profitably, only then you can start trading with your own money.