As with any other trading instrument you can find a lot of trading systems for binary options. Some of them are automated and one of them called BinaryBotPro is being promoted in several languages, but we can say that is a scam. Why? More in this review.
BinaryBotPro is being promoted through different channels, but you will probably always end up on a web page with a video. In this video you will see so called proofs of earnings from a certain Matt Evans. Who is this guy? He says that he is an ex trader from Wall Street that programmed all his knowledge into an automated binary options trading system called Binary Bot Pro.
But is very easy to uncover the truth, Matt Evans does not exist and the web site is just a scam. Because on the same domain there is this same web page in different languages, so Matt Evans suddenly becomes Robert Hunt, Carlo Antonelli or David García, depending on the language of the page. All the bank a trading statements are the same, just the name has been replaced. There is no better proof that it is a scam. See images.
But we took this opportunity to analyze the trading system itself too. In our opinion it is not even a trading system, but just an empty black box. We opened BinaryBotPro in the different browsers and it was giving different trading signals with the same settings! So it seems that it generates just random signals, there is nothing more behind it.
To be sure we made a quick test on 1 and 5 minutes timeframes with 50 trades, and the win ratio was slightly below 50 %. This confirms our suspicion about random signals, moreover it also means that this system would make you just lose money in the long run.
Our conclusion is pretty simple, as Binary Bot Pro is a scam, don’t trade it, you would just lose your money and time. You can make money trading binary options, but forget about just clicking trades according to a software. You have to learn trading, it can be done, but not overnight.
We reckon that a lot of people can fall into this trap, because it might seem genuine with all these statements and a seemingly free offer, because you don’t have to pay for the system. But they very probably will make money from your loses, that is how they earn and it is the whole purpose of BinaryBotPro.