This review of Bin Bot Pro shows that this binary options robot is a scam that can lose your money.
BinBotPro is a robot that can trade binary options automatically, you just have to turn it on. It allegedly uses several different robots, but in any case your balance should grow.
And guess what, BinBotPRO is free, so you can get money for free, can’t you?
The truth is that BinBotPro is a scam. And a very dangerous one. Let us explain why.
We tested the demo and in just one minute it turned $1,000 into $1,323 with $50 trades. All winners. But the problem is that the demo doesn’t show the trades taking place, it doesn’t show prices nor expiry times, so you cannot countercheck the trades with a real price feed.
The demo does not even provide a list of historic trades for you to verify! And the profits are jumping in every few seconds, which is a nonsense, because the shortest expiry is usually one minute with binary options.
All this means one think, the BinBotPro demo is fake, it showing fake results!
Fake awards, unregulated brokers
On the BinBotPro website you can see awards that this robot allegedly won, but it is not true. For example the “Thec Finance Journal Award” does not even exist, there is no such award nor journal. Meanwhile iFX Expo Awards exist, but BinBotPro was never even mentioned by them.
Another problem is that Bin Bot Pro pushes you to open an account either with Binary Mate or with Finpari. But both are unregulated brokers, so you have no protection with them.
At this point it is obvious how BinBotPRO really works. Its only purpose is to make you deposit money with one of their partner brokers, because if you do it, scammers behind this robot will earn an affiliate commission from the broker.
This is why the demo is faked to make you think that the robot is profitable, they need you to open a new account through the software with one of their brokers in order to earn their commission.
BinBotPro is a scam with a demo that fakes results, it shows unreal profits! In reality it loses money, so stay away from it!
You should always check the performance of any strategy/systems/signals service/trading idea on a demo account with a regulated broker.
And because to this date we have never seen a profitable binary options robot, we believe that it is better to use the demo to learn to trade manually.