In this review we will have a close look at a binary options trading system called OptioNavigator (or Option Navigator). It is supposed to to give you trading signals so that you just click your trades and make money.
Before we go into details of this offer, we can start more generally by asking ourselves one question: Why would anybody give away for free a trading system that makes tons of money? Well, yes, it is a nonsense.
Especially when you consider the fact that if everybody would take the same trades, there would not be anybody to take the other side, so the markets would stall. It is the same as if everybody would be doing the same job, the society would collapse.
So now you see that a publicly shared automated trading system can work for a very short period of time only, but in our opinion that is not even the case with OptioNavigator.
OptioNaviagator or Option Navigator
So the obvious question is: Is OptioNavigator a scam? Well, we have every reason to believe that it is a scam. Let us explain.
My colleague and me have been trading for almost 10 years and we have not seen a single automated trading system that would be profitable in the long run. They might exist, but they are secret and developed by quants in banks, hedge funds etc.
Optionavigator is in fact an empty black box. When you look at videos promoting this system, you see that you can only trade it live after opening an account with a binary options broker. But not any broker, they will force you to go with EZTrader, which is a broker that we hear a lot of complaints about.
So the only way to try this system is to deposit real money and trade. This should be a big warning. Trading binary options is a very serious thing, so don’t take trades without knowing exactly why. You first should try every system on a demo account to see how it performs.
Secondly OptioNavigator seems to be a faulty system. We’ve seen videos that show taking it two trades at the same time in opposite directions on one click (see image)! That is of course a guaranteed loss, because the return ratio is around 80 percent, so if you take both sides, you win one and lose one trade, which is a loss.
Now the obvious question is why would anybody offer a losing binary options trading system for free? We believe that the authors of OptioNavigator have contracts with their broker, so they make money from your losses. That is why they want you to use their system, your losses become their profits. So our recommendation is to stay away from OptioNavigator.
Binary options are a wonderful trading instrument, but in order to make money with them, you have to learn and train. And trade only with reputable brokers.