Stay AWAY from Binary Option Auto Trading

Binary Option Auto Trading websiteIn this review we look at a trading robot called “Binary Option Auto Trading”.

Binary Option Auto Trading is a system that promises 100 % automatic investing.

A software will trade for you allegedly based on signals from professional traders and advanced computer algorithms. And it is free.

Don’t trade with Binary Option Auto Trading

The first question that you should ask yourself is: Why would anybody be giving away for free a profitable binary options robot?

The second question that you should ask yourself is: How is it possible that a free binary options robot has an affiliate program and will pay people for referring new members, where does the money come from?

Answers to these question are very simple. People behind Binary Option Auto Trading are affiliated with unregulated brokers (Binary Tilt, RBinary, Finpari) and will get paid by these brokers for referring new depositors.

So how do they make you deposit with their broker so that they earn their affiliate commission? They have to make you believe that you will make money. So they created a piece of software that can trade automatically, but not profitably. And they force you to deposit first, only then you can start using the app.

Terms and ConditionsIt is important, because by the time you realize that Binary Option Auto Trading is a losing software, they will already have earned their commission on you. That’s how it works.

You don’t believe it? Have a look at their Terms and Conditions on the picture. In essence they say that you should not trade based on their system. Their signals come from a third (undisclosed) party.

So you should expect losses. So don’t risk it.

Conclusion

Binary Option Auto Trading is just one of many programs designed to make money to their creators through affiliate programs. The problem is that at the same time they lose money to users of their trading systems, so stay away from them!

Any serious trading program has to let you verify its performance on a demo account. You should never trade any system or strategy with real money if you could not verify how it works on a demo.

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131 thoughts on “Stay AWAY from Binary Option Auto Trading

    1. These guys use brokers that are not regulated. They rang me asking to invest and when l told them that l did my research and found out they are not regulated, they hung up on me hahaha…..scammers.

  1. Hi, it would seem that all auto trading systems are all scams. However, are there any legit and decent “pay for” signal providers or software that doesn’t connect to a broker i.e. just gives you good signals so you can trade with any broker of your choice manualy with an existing brokeraccount that you already have and trust?

      1. Dear Bullshit detector, please read the article you are commenting on. You will see that the authors of Binary Option Auto Trading themselves don’t recommend using their software for binary options trading. Moreover they are not authorised to provide investment advice. But you don’t have to trust them, you can go and risk your own money.

        1. I think that expression may offer them some form of legal protection. Like “wet floor” warnings. I don’t see a legit reasoning behind your accusations and thats why I asked if you or anyone have first hand experience that is provable in some way.
          I am very skeptical of everything and everyone in binary option community. It’s just you don’t have anything to back up your accusaitons. Just a few screenshots and words from their site. Did you actually buy and used their service and lost money ? I don’t think so. That’s why I asked proof from Kamal who claim to lost money.

          Thank you for your answer regardless. No offense intended.

          1. I personally believe that we have provided enough elements to prove that Binary Option Auto Trading is a scam. Either you can believe our arguments and use some common sense, or you can believe that people give away money making systems for free, you can trust this anonymous company and send your money to their unregulated broker and try it. In this case good luck. But we don’t invest in scams, we have reviewed more than 400 scams and there is not a single case where somebody would prove us wrong with our conclusions. But again, you don’t have to trust us, you can go and risk your own money. I know the outcome, I am in this for a very long time. If you don’t trust our arguments, I have nothing more to add. Just do what you believe is right, it is your choice, your responsibility and your money. We are just trying to help people. If somebody doesn’t want our help in the shape of our warnings and reviews, no offence taken, we are absolutely OK with it.

          2. Hi Bullshit detector,
            I have been using Binary Option Auto Trading and sorry it does not work at all. Every time I test a piece of software I always take screenshots and if I showed you mine of this software you would weep. From an opening balance of £250, I have remaining £22.28, and my profit is -£252.72 and that is for about an eight week period. And I’m not a novice at this game been doing it for eight years, so for a novice this would be disastrous. It’s probably one of the worst I have used it’s useless I hope you haven’t put money into it. It was losing trades as if they were going out of fashion. Hope this helps.

        2. hi. you keep saying that they use unregulated brokers but they have banc de binary and 24option to mention a couple. which are both highly regarded. so firstly this tells me that you dont know a lot. and the google play app has had over 50,000 downloads and mostly positive reviews. im still not saying it will make money but i have evidence in its favour whereas you dont mention any.

      2. i can send you a screen picture of trading.i put for start 250 $ and get 2 win trades and 7 lost in a few days.and put risk level medium.then i chat with them i and i ask for advice and ask that i put reverse trading(against signal provider) and them write yes.now i will see but i will probably lost all.they connect me with 24 option broker.
        i think this is a scam program!!

  2. Here are some people using it to profit:
    brokerscamalert.com/binary-option-auto-trading-software/

    Do you believe this site is also led by a scam artist ? I thought she was genuine. Do you have anything to say about her site ?

    No offense please. I appreciate what you do here. I also don’t see the point in giving away free money schemes. But this trading software have multiple signal providers and take commission from your earnings . They don’t take your money upfront. You have a bit of control over the autobot and you can choose the signal provider you wish. I think what they do is applying multiple different alghortims/strategies through these “providers” and some of them are bound to have succes sometimes. And they earn comissions from those who win thus they never lose, giving the people a chance (or an illusion of a chance lol ). Sorry if I came of aggressive. I just don’t think your evidence is proving they are a scam beyond doubt. Thanks anyway for the discussion.

    BTW, I am not saying these guys are legit. I also have many doubts about this one and the automated bots in general. I haven’t deposited antyhing to them. I am NOT recommending anyone to give any money to them. I was just pointing out that your arguments are not very solid. Anyone feel free to add anything to this discussion. I would love to see some proof.

    1. Brokerscamalert? I cannot trust any website that publishes review with affiliate links. Brokerscamalert will get paid if you sign up for Binary Option Auto Trading through the link in their so called review. Writing reviews about things that you are in fact selling is not only unethical, but you cannot call these articles review. And again, Binary Option Auto Trading force you to use one of their brokers, because they get paid for referring new traders to these brokers. This is how they make money. And ask yourself why they are using only unregulated brokers, except one, Banc de Binary, which is probably the worst regulated broker I know. And why is Binary Option Auto Trader showing fake awards on their home page? And why they show fake testimonials with stolen photos? Because it is a SCAM.

    2. hi bullshit detector,i you have invest money in binary option auto trading than you have come to know that it is scam,if not than stay away from them,i joined them recently by brokersscamsalert .com.i traped by reading comments below,you know what happens first day to me five trade 4 won 1lost i thought ohh this what which i m looking for but second day 7 loses in a row,if u deactive losing signal provider than you will not get any trade,any way i just saw your comment here so i think i should tell u to save your money,and one other thing if post nagetive comment on anna review it will not appaer on their comments

      1. Hi. Brokerscamalert and Binary Option Auto Trading is a SCAM. I started using the Auto Trading 3 weeks ago. The first day I made $50, which I was excited about. Then I had a phone call from the broker, RBinary, and I got SCAMMED. He said he was the vice president of the company, and he wanted to show me how many of his clients had made some good profits. I foolishly let him remote access my computer , and I let him into a bank account of mine, and he took out NZ$1800 , plus the NZ$450 which I already had sitting in the Auto Trader, and I saw him make a put option on some commodity. He said not to worry and that the money was insured against the company. He would contact me back. Thats the last I saw of my money. I tried to contact RBinary, but the same person just emailed me back saying he’d tried to contact me (which is a lie), and that I should give him a call so he could start making me some money. I’m going to stay away from binary trading now.
        I know I should have closed the connection before he took out the funds. It looked suspicious when he tried to increase the credit limit on my credit card so he could take out more money. But I can only learn from this.
        I tried sending a message on brokerscamalert to warn others but the message didnt appear on the site, because they monitor the messages first, and only display the messages that put the software in a good light. Theyre a scam.
        I just want to warn everyone. The brokerscamalert site is affiliated with Binary Option Auto Trading. At the top of their webpage, they even call themselves Binary Options, using the same font as their software. This always looked suspicious to me, but I had to give it a try unfortunately. Of course theyre going to say every other program is a scam except theirs.
        I just hope some people can learn from my mistake, and not let these crooks near their hard earned money.

    3. Other scam investigators, have found that this is the only software that is licensed legally for trading. I’ve invested, and have won 8 trades out of 10, broker is binary mate, and made a withdrawal that was in my bank in less than one hour, robots are not a magic money making botton, you need to follow the market and choose the best signals and platforms, don’t trade on predictions that are all over the place

      1. The software is NOT licensed in any way. And Binary Mate is an unregulated broker that does not even provide an address! A robot is supposed to trade for you, so if you say that you should decide what signals to trade, it makes no sense to use a robot.

      2. Binarytilt are a total scam. I tried to make a withdraw for months and they never let me withdraw. They will use every delay tactic you can imagine. They will also try and sign you up to there new broker. They finally contacted me. A guy who was from some sort of recovery program in binarytilt. He said he was very sorry for my money being lost and would recover it. He purposely lost it all. They are total crooks. Stay away from them at all costs.

  3. Have you personally used any auto trading software that works? I searched in your site to see if you mention or recommend one reliable and good auto trading software, I found none. Is there no good and reliable auto trading software that is not a scam? I am a newbee and I want to avoid any possibility of losing my money.

    I agree with “Bulshit detector” as any reasoning critical minded person would wonder, that if u say something is not good then provide a proof. And anyone who has a firsthand experience preferably buying the software and using it, should be the right person to say this or that is a scam ( in your own case all auto trading software are scams). And strange of all, there is not a proof from users of these products, not even up to 10 or 2 persons.

    I have not used any auto trading software yet because I am a newbee still searching and hoping I find a good one from review sites like yours. And think it’ll b more convincing if you add proofs with videos and snapshots of your own trading with any system you review. There are some sites that make reviews of only products they have used and systems they have not tested they leave it out but when asked about they honestly tell u, they have heard about it but have not used it, I think it is best this way.

    1. If you don’t agree that proofs that we provide in our reviews are enough and if comments from real users in the discussions under our articles are not enough for you, I’m sorry, but we cannot do more. If we had to invest in every scam out there, so far it would have cost us about $100,000 in lost deposits. We are not crazy… I repeat it again and again, we have nothing to gain in this, we do it primarly as a public service, we don’t sell anything. If you don’t trust our reviews, fine, go and test these programs with your own money, no problem whatsoever. You don’t have to read a website that you don’t trust. We believe we provide enough proofs of what we say, but obviously you don’t have to agree. Maybe you prefer to trust other reviews that sell these programs that they review, it is your choice…

  4. Hello,

    I did extensive research on that site and bot and confirmed that both Anna’s site and the Bot software is one big SCAM. I emailed everyone on the comment sectiion of Anna’s site, and one person returned me telling his experience losing money to this scam. Don’t deposit anything! Don’t fall into this trap. Learn BO yourself. There are numerous sourcs online. Do the hard way and do it yourself.

  5. hi,john novak there is new automated software in the market.Snapcashbinary.com.it is every where.every famous scams exposing site is giving good review about it.pls look into it

    1. Hi, it is a scam, see our Snapcash Binary review. The sad truth is that the vast majority of binary options review websites is scam. They expose some scams to gain some credibility, but then they promote some other scams for money.

    1. Take time and study the market it is a difficult subject but after sometime not less than one year you will be able to predict the market75 percent and of course you need to read economic news to know what is happening at http://www.investing.com or any site of your choice.bottom line successful people in trading will not give you their “magic stick” just like that

  6. Hi,
    John Novak
    What about finpari?
    I heard it is unregulated broker.Did u try their platform? If try how is their spot follow option winning % ?

    1. Hi, Finpari is not regulated. They don’t even provide a contact address, so it is impossible to know where they are from. I recommend not to trade with unregulated brokers.

      1. Hi I am new to binary options and have been reading reviews for about three months now and it’s all very confusing. Please could you answer these questions for me?
        1.Why is it that one review site will say such an Auto Robot is a scam and another will say it isn’t including yourself?
        2.You say Binary Option Auto Trading is a scam and works with unregulated brokers who just want to take all your money yet 24Option is now working with them and they are regulated and known all over the world as being one of the best if not the best and most trusted broker so why would they put there name and reputation on the line with a so called scam??
        3. You say all Auto Robots are scams and just want to take all your money? Yet You have named IQ Option as one of your top brokers to trade with yet they have just launched their own Auto Robot so what is your opinion on that??
        Many thanks

        Maverick.

        1. Hi,
          1) You are contradicting yourself with point 3). I have never said that Auto Robot isn’t a scam. All the robots we have reviewed so far are scams. Some fake review websites publish positive reviews of some robots because they get paid for promoting them.
          2) Most of the time scams work with unregulated brokers, but some unscrupulous regulated brokers can also fall into this game. 24option is certainly not a good broker, we hear a lot of complaintes about them and they got banned in France. This is how bad this broker is. And if 24option accepts new customers referred by scammers, it only confirms their bad reputation.
          3) IQ Option do not offer any robot promising you money. They just offer a tool to automate strategies into robots and you can share your automated strategies with others. It is up to every trader if they want to build their own robots or try robots built by somebody else. You can try any robot on a free demo with them. Again, no promises of earnings, it is just a tool, just like MQL in Metatrader. On the other hand scammers build crappy robots and they promise you big money, although they know their software is losing money. They won’t let you try them on a demo and they only push you to deposit and lose money. See the difference?

  7. Really curious why my comment wasn’t answered earlier today and it has just been deleted… I must of said something that you didn’t want to answer.so to me that means your review site is no better than all the others and you just regulate which comments to keep on and which to get rid of.Maybe you just get paid for recommending certain sites!!!

  8. (1) Everyone should listen to John here. There are not any auto trader systems that work. They are all scams. This is the only review site that I have found that does not try to push some auto trader as a ligit system.
    (2) Loka, I personally trade with Finpari. I signed up through one of the scam auto traders. But because of the attention I received from Finpari (personal training via Skype) I chose to give them a chance. My experience has been good with them. Do not take this as a recommendation, I am simply stating my experience with them.
    (3) For those of you located in the USA there are several highly respected online trading firms that now offer binary trading accounts. They do not go by the same name as the ones you hear advertised but they are affiliated with them.
    A warning!!!! Trading with these US brokers is not the same as it is with the international brokers. The options do not work the same. Most of them offer demo accounts of $50,000 or $100,000 for you to try it and get a feel for the trading.
    (4) Use your common sense, if it sounds too good to be true IT IS A SCAM!!!!

  9. Hi John i think you have open our eyes we all need extra cash but to be honest this guys who call themselves scam advisor’s are part of the syndicate and as a poor south african i will just do a course and trade with registered brokers in my coun6 where i know their physical offices

  10. Well better to lose money yourself than to let some “robot” lose it all for you 🙂
    Btw, any good binary options signals program to introduce?
    At least we can follow signals and decide whether to follow or not 🙂

  11. Hi John

    Thanks for all your expert advice. Have you ever reviewed Metatrader? I was scammed along with 400 people in Thailand who believed our investments were doing really well. We had our own account to log into and check the balances etc. It turns out the scammers merely purchased the Metatrader Software and manipulated their investment figures. it seems ridiculous that a software company can sell software that allows manipulation like this that can fool all of us novices. I wrote to their Singapore office about the 10 million Euro Fraud that happened here in Thailand and they never responded. I think the software providers are as guilty as the scammers as they know their Software can be manipulated by criminals .

    Cheers
    Graham

    1. Hi Graham, it’s a difficult one. Metatrader is the most popular trading platform. I know that brokers and other entities can abuse it, but then you can abuse almost everything. I mean if a car runs over somebody, it is the fault of the driver, not of the car manufacturer. So I would not blame Metaquotes (creators of Metatrader), because they just sell a trading platform and it is up to people how they use it. That being said I’m really sorry for what happened to you and I understand you anger. Scams can be very sophisticated and it is sometimes very difficult to see through.

      1. That’s a lie, I have all the evidence I tried all those software sir.
        It seems like you just jump to conclusions and you are not following up with the industry.
        Code fibo is amongst the best signal services out there, it’s just a signal service, it used to be an auto trader.
        So all these guys are scams:

        (Youtube links deleted by admin)

        All those systems are tested live, you are just talking without testing anything sir, most likely.
        Everything is scam to you.
        Let people subscribe to the Channels and find out.
        These guys are good in exposing the worst scammers out there and every single scam that get released in every single week.
        Try to be realistic and subscribe to these channels so you can be on the top of the industry instead of being close minded.
        I have almost 10 guys who are in this industry trying scam software and losing their own money to warn people and present the good systems to them.
        A broker can be bad by not connecting the softwares to the accounts or deactivating one or more of the softwares algorithms, do you would thing the software is a scam.
        But there are a lot of software scams of course.
        If you want more people to follow with their channels , let me know everybody.

        1. Please stop spamming and lying. All the Youtube guys you mentioned are scammers, they promote these scams with affiliate links. Nobody here is so stupid to believe that there are several free money making robots. Free money does not exist. In every review we publish we provide proofs that these programs are scams. We have reviewed more than 400 scams and every time we proved our conclusions.

      2. (Youtube links deleted by admin)

        So all these guys are scams .
        I got at least 10 professional traders trading full time , they test the scam oft ware with their own money live and they test the good ones live to present them to people.
        I just posted 3 only.
        The last legitimate software that came out was the Lexington code , a legitimate great software that was tested by these guys, live.
        If you want me to post more videos sir let me know.

        1. Excuse me but you are just a liar and scammer. You have sh*t and not a single professional trader. Videos with positive results of Lexington Code and other disgusting scams are faked, because you guys are promoting this crap for money. And you dare coming here promoting your scam?! I repeat, in every review we provide evidence proving that these program are scams. Just read our reviews and you will see.

          1. All this is shut, Binaryonline, K2Investing,are all Shit…. Of you want to lose ignore what I see here…. Am a victim, you’re next…
            Learn trading for yourself…

        1. StoxMarket is a scam, stay away. I have used them and still waiting for my withdrawal since 1st of May, 2017. I signed up for Epix Trading software and StoxMarket was assigned to me as a broker. I deposited $250 as initial fund. When I discovered that the software was placing losing trades and my money droped to $170, I quickly made a withdrawal request on 1st of May. I made severals chat sessions with the support desk, but the only thing they said all the time was “be patient” Till this moment, they are not answering my calls and emails anymore and I have not received my money. Someone advised me to contact my bank’s fraud department to wade in. Stay away from automated binary robots!!! A word is enough for the wise

  12. The penny millionaire
    The lexingtone code
    The snapcash binary
    The wiki trader

    All those were tested by these guys and gave fabulous results.

    Check their YouTube channels up there.
    The problem sometimes with a legitimate software is a bad broker who does not wanna connect the software to the account bcz it will cost them a lot of money to be paid to you. So they Deactivate some of the algorithms of the software to not let it perform at its best.
    But those guys are connected to good brokers, the ones regulated in Europe.
    In the other hand the scam softwares are made by the scam brokers in the first place to make you deposit and loose your money.

    1. Penny Millionaire is a scam.
      Lexingtone Code is a scam.
      Snapcash Binary is a scam.
      Wikitrader is a scam.

      All these scams use paid actors that appear in a lot of scams under different names. All these scams use fake testiomonials with paid actors from Fiverr and other sources. All these scams use losing software that is used by a lot of scams at the same time, only the name changes, the app remains the same. We prove all this in our reviews. And real users confirm that these scams are losing money.

      I am not saying this to you Adsmart, because you obviously are one of the scammers promoting your work here, I am saying this to our readers. You can either believe our reviews, our proofs and real user comments. Or you can believe that there is free money for everyone in the shape of free binary options robots that will end unemployment and poverty in this world for free. What you believe will not change anything for us, unlike scammers we won’t make any money should you believe these binary options robot work or don’t work. Those who say these binary options robots work, promote them in their fake reviews with affiliate links, so they get paid for it.

      1. Ok sir I’am a lier and a deceiver. I’am just promoting links to facing softwares with fake videos to get paid, alright.
        ***
        2- *** pay attention to the name of the brokers, they are regulated brokers in the UK, go ahead and contact the support of those brokers as many of them as you want, then ask them if they have those systems connected to the clients accounts, then you will find out about the truth.
        Now how come regulated brokers would allow scam softwares to be connected to the clients account and cause the customers to loose money, that would be bad reputation for regulated high rank brokers, they would loose business.
        ***
        If it’s connected to a good broker who activates its algorithms, it simply places trades for you very quick, faster that a human being, with anylisig the trades, the software chooses the high possibility winning ones using the algorithms integrated in it, but that’s with the condition that the broker connects the software to the account and activates the algorithms.
        Now if you are a man don’t delete this comment and post it.

        1. I edited your comment, because you are just trying to promote your scams here and we won’t allow that. Now let me address the rest of your comment.

          1) There are no regulated binary options brokers in the UK, because binary options are not regulated in the UK as an investment tool. Here is the proof: https://www.fca.org.uk/news/press-releases/fca-proposes-stricter-rules-contract-difference-products – “The FCA is also setting out its vision on a range of policy measures for binary bets that would complement existing conduct of business rules, once these products are brought into the FCA’s regulatory scope.” So you proved again that you are a liar. Now all the binary options only brokers that show a London address are not regulated, the real owners remain hidden, they just bought a postal address in London, they have no real offices there. These brokers participate in many scams.

          2) Do you think that anybody really believes your fairy tale about you being so kind that you are investing your time and work in making other people make money for free? We are not that stupid. I repeat, in all our reviews we provide proofs that these programs are scams. These are tangible proofs that you cannot undo or hide. Just one example for all: Wiki Trader that you promote. The sick bit*h who claims to be the CEO of this program calls herself Kelly Wallace and she says that her company created a software called Wiki Trader. But this exact same software is used by dozens of other programs, all saying the same bulls*it about a unique program, see the proof on the picture in the review. What’s more, this same sick bit*h called herself two years ago Sarah Markel, the creator of the Quick Cash trading system based on a secret that her kidnapped husband discovered. It could not be more obvious that these programs are total scams, so stop your bullsh*t!

          We are continously receiving real feedback from real people who have fallen for these scams. They all lost their money. You sick motherfu*ker should realize that often you scam people in desperate life situations, who use their last savings with your scams hoping it will save them. These people are often old and/or ill and desperately need money. And you make them lose their last savings. You are destroying lifes! Stop your crimes before it’s too late. You really make me throw up!

          I apologize to everybody else for words I have used, but I have seen several people and their lifes destroyed by these scams, because they lost their last or even borrowed money with them. So scammers that are trying to promote their work on our website make me really angry.

          1. Thank you for website John Novak.

            It makes a lot of sense. Your website avoided me putting any money down ($250), which I needed to put down first before the “guy” on the phone would deal with me. As I never put the money down, phone calls persisted from his “colleagues”. my data at that point was sold I assume. It was via Banc de Binary, which sounded very legit. And very easy to open an account. But some thing just seemed off, as they were very pushy in wanting me to send the money, they were rushing me, saying I should trade now as I would make money now, so “could I transfer the money today still”.

            Cruel Cruel World out there with these scammers.

          2. Hi James, Banc de Binary was so cooperative with scammers that in the end they could not withstand the complaints and had to renounce the EU licence.

    2. bullshit all the names you mentioned are scams -clearly you are getting paid to promote and rip people off – how do you sleep at night

  13. Bonjour, je suis commerçant canadien, depuis près d’un an et je peux vous confirmer que John et son équipe vous donne leur juste, lorsqu’il vous dites c’est un scam, un escroc vous pouvez les croire,
    j’ai testé différent Robots et courtiers je me suis fait prendre a faire des test a cause des sites qui font la promotion de courtier malhonnête, je suis heureux d’avoir tombé par hasard sur votre site, car je m’apprêtais a ouvrir un compte avec option robot auto traiding, n’ayant très peu d’information sur eu, je cherchais en savoir un peu plus, merci j’avais un gros doute maintenant que je sais
    ,Finalement a vous tous qui lisez cette chronique, consulter régulièrement se site, j’ai lu les analyses des courtiers avec qui j’ai ouvert des comptes et c’est la pure vérité sur eux.

  14. First: I have not signed up yet, I am not affiliated to earn commissions.
    Second; I read about Daweda / Broker … A broker Licensed and respected in the world market.
    Third: That, Daweda has a semi auto trader, who needs SETTING first before connecting..this Software
    Fourth: The customer will have to read the Economic Calendar first, to know the volatility of the day market. Primarily news of the three red bulls of certain currencies., Put stop loss, stop trades, amount of money to apply, how often, choose the less volatile pairs currencies; Etc. etc.
    Daweda, would not put this Software to rip the customer money, this would be for a help, for anyone who has notion of Market binaries ..

    I’m analyzing for sign up, what’s the opinions here on the Forum?

    Leo

  15. Bravo John Novak, based on my personal experience, you are perfectly right! Despite all their claims, Binary Option Auto Trading (BOAT) is an obvious scam. They collude with brokers to defraud traders. Likewise, despite its so-called reputation, readers should be careful with 24option. Yes, they are a regulated company, but that does not mean that they operate responsibly. Around January 27, 2017, I opened an account with 24option. My intention was to deposit $250, but their representative encouraged me to increase it to $500, promising to give me a 100% bonus. But after depositing the $500, the account manager assigned to me insisted that if they gave me the bonus, 24option would be a joint owner of my account. This means that I would be trading, while they would be sharing whatever profit I make with me. The representative who urged me to increase my deposit to $500 never told me about such a condition. In the end, I did not talk about the bonus again, and they did not give me any.

    When I opened my account with 24option, I did so through Binary Option Auto Trading (BOAT). Some websites promote the BOAT software as being fantastic at making profitable trades on behalf of traders. See for example, the website, ‘Binary Option Auto Trading Software Review: A Trusted Automated Platform’ (please also be careful with the owner of that website, Anna Georgieva, who appears to me to have some interest to serve. I posted a comment there about my recent experience with BOAT, but for some strange reason, it disappeared).

    Shortly after opening my account with 24option, BOAT informed me that they had installed their trading software on my account and that I should do some setting, which they did not even care to explain to me properly, despite being a new user. Between Jan 30 and Feb 3 2017, while I was still busy trying to complete my account verification process at 24option, I lost access to my account and could not login. When I finally regained access late on Feb 3, I found, to my greatest shock, that my account had been reduced from the original deposit of $500 to $196. I immediately contacted 24option for explanation, but they insisted that I had been trading, which I denied.

    On Feb 6 2017, 24option informed me that the BOAT software had been trading on my behalf (without my knowledge). By this time, my account balance had further been reduced to $166. I then complained to BOAT, requesting them to turn off whatever software they had installed on my account. They asked me to login at their website and click a certain button to deactivate, which I did. On that same day, they confirmed to me that the software had been deactivated. Despite that, by Feb 8 2017, my account balance was once more reduced to $165.44.

    One does not require the brains of an Einstein to understand that the BOAT software consistently traded losses for me. Also, by shutting me out of my account, they made it impossible for me to quickly discover what was happening until they had substantially depleted my account balance. It also baffles me how trading on my account could have occurred when, according to 24option, ‘in order to start trading you will need to upload a few documents in order for us to verify and approve your trading account.’ Interestingly, since losing my money, 24option has been bombarding me with emails and text messages to complete my account verification process. You can also read users’ comment about 24option at this website – *** (link deleted by admin, because the website promotes scams like Binary Option Robot).

    1. I share in your grievances and wish to thank you for sharing this helpful but sad experience.
      I almost got into the same trap but you’ve save me from making the same mistake.

  16. Hello John,

    May I offer you my thanks in what you are doing and for no reward or commission, like most of the others who make commissions when you sign up through them, I have only just realised what you are saying is what has been crossing my mind recently!

    I signed up with, FashCash.biz and was given Ivory Option as my broker, I did manage to withdraw most of my deposit, except for a little I lost in my own bad trades, then I signed up with Lexington Code and lost some money, not all my deposit, I stopped before that happened, the latest one is Nuvo Finance, this one is fairly new and shows a lot of possibility to make money, so I believed, I made 9 trades and lost 5 of them, I started with £250 and ended up with £203 which I have placed a withdrawal notice, another auto scam down the drain, now I have found John Novak’s site, I wont be losing anymore money on these scams and spammers, all I will be doing in the future will be my own trades, with a strategy that still has to be put into action, but given time and a lot of patience may make a little cash!!
    John, if you have any sound strategies you would be willing to pass on to me, you have my email address?

  17. Robert, you are the wiser! As John suggests, patiently learning to trade manually is the answer. No ‘open sesame.’ Good luck!

  18. Technology or not, I think the old saying still holds true: If it’s too good to be true, it is too good to be true.

    Much as I want to earn extra on a much easier way, I simply can’t risk my hard-earned money just the same so I continue to try my best on what I really do best to earn.

  19. Spot on John, thank you so much, I have been using IQ options for a couple of weeks and it is very hard work, as you need to concentrate, however I was over £300 up in less then a week, but the old greed, kicked in and within minutes I lost it, I have since “clawed my way back” and I am £30 up. But I too thought there must be a easier way, ie. Robots. I signed up with Option Robot.com, for £250 but without trading I realised it was not for me, and I withdrew. Fair play to the broker which was 24 Option I received my money back in 2 days. Just for the people looking at this one thing kept bugging!! me was that optionrobot asked for initial $250, which is around £200 GB, so why would they not accept my £200 deposit. Ask yourself????? I was lucky I did not trade and got my money back. But if I had gone on they where already £50 up on my deposit. John great advise keep it going if you help at least 1 person, it is worth it, Thanks again.

  20. Hi, Just a further point IQ Options is regulated, and has great software platform, but for those who not now, this broker the “PUT” or “CALL” option is your decision not a so called ROBOT, I agree with someone else’s comment it may take longer to achieve, but if you make a mistake it is YOUR fault, NOT the ROBOT. However I can tell you my record within 3 hours was £ 105.00, I at this point decided to call it a day, that was from a £10 start, My Point……….. THAT was a great feeling, a ROBOT cannot give you that. SO please take mine JOHN and others advice stay clear of ROBOTS, do it yourself.
    24 Options also can be run by you and are regulated, very good, however I personally prefer IQOPTIONS.com, very simple software and you get FREE demo/Practice for life, plus all the backup, videos, etc. Before you ask NO I am not a affiliate, just trying to help as JOHN has, check it out, its your money, your life we all make mistakes, but hopefully this will not be the case. Thanks.

  21. hi john

    this binary world seems full of scammers. I believe you can make money in this world, would like information on how to start and learn binary in safe hands, can you recommend any website to help a total beginner in binary please

    1. Hi, you can start at babypips.com. It’s about Forex, but technical and fundamental analysis is valid for binary options too.

  22. Hi John, seems like we all ask about the same but different robots… Do you know anything about Exante? Tnx in advance.

  23. What are you guys talking about here ?????????? You guys still try something but you don’t use your brains…WALL STREET ! If there is a robot that can make money automatically why do they go there and work for 8-9 hours or even more selling buying stocks ???? I Guarantee there is no working auto trading bot. I’ll tell you more that all is scripted so you might make money for the first couple of days before you make a big investment because you sure it works but that’s the moment when you will start loosing your money. DONT INVEST WITH BOTS trade with Account managers or people who know how to analyze the market

  24. Dear sir
    Do you know about EPIX TRADER because every body who writes scam review is telling that this is the most advance AUTO TRADER can you please check this out tks

  25. Hi John, I totally agree with you and appreciate with your work. Is ExpertOption a regulated broker ? Please advise, thanks..

  26. The people working at Banc de Binary are the biggest scamster in binary options. I have learnt the hard way and lost all my savings. The best option is to learn and educate yourself. There is no easy way to make money.

  27. Hi John. Binary Scam Advisor recommends Binary Option Auto Trading as the “only” robot that is NOT a scam? Are they linked in any way? Reading all the comments and your own review, I am now uncertain as whether to even consider them.

    1. Hi, in that case Binary Scam Advisor is a scam website. It seems that they promote Binary Option Auto Trading with an affiliate link. It’s either this or money is free in this world and everybody will quit their jobs thanks to Binary Option Auto Trading. I suggest you ask your national financial regulator about Binary Option Auto Trading, I’m sure they will confirm what I say.

  28. Hi John,

    I’m looking for a good BINARY OPTIONS SIGNAL PROVIDER and please tell me if you know some.
    Currently I’m trading with IQ Options. Thanks

  29. Am now planning for my retiring,,I tried to log – in to ” binaryoptionautotrading ”..and they forwarded me
    to a broker the ” Binary CM “..Is this not a scam ?
    Your advice for me will be much appreciated..
    Thanks and good day…….

  30. John,
    I live in Belize Central America and I am a beginner in the binary options industry. I have be researching the industry for about a year now and my findings are similar to yours about this type of online trading.
    Can you tell me anything about Ayrex.
    I have read that IQoption is not regulated this side of the world Central America
    24options my other option , which is regulated by IFSC here in Belize.
    Are they any trusted brokers you personally would recommend regulated or not.
    Furthermore, I am undecided if I should combine a signal service provider (by Agent Matt of Binary Options Agency) with my manual trading.

    1. Hi, I certainly recommend trading with regulated brokers only. Ayrex is not regulated. 24option is regulated, but they have a bad reputation, the French national regulator banned them in France. No offence, but I believe that financial regulation is stronger in the EU than in Belize. So I think that you are safer with an EU regulated broker like IQ Option.
      Concerning signals, so far I haven’t seen any profitable service. If they let you try the signals on a demo, you can do it and see how it works. If not, stay away, certainly don’t start trading signals immediately on a live account.

  31. Jake Mason’s saffa method working with Plus Options as their broker is also a scam. Last week I funded my account after trying for some time in a demo mode. I would get response within seconds on the questions I asked on live chat while I was on demo mode. The moment I deposited the money, I never got any responses anymore. Some guys pretending to be account manager n senior account manager claimed they have been trying to call be yet that was a lie. I have placed withdrawal requisition and I only imagine the BS of a response I’m gonna get. Stay away from Plus Options and Saffa method. They are scams

  32. I am also starting to notice, after a few weeks of reading their reviews, that brokerscamalert by Anna Georgieva is also a scam. If not a scam, she does not mind intentionally misleading users for profits. Very disappointing. She seemed to be the only true reviewer out there.
    But your reviews also seem genuine at first glance.
    So how am I to know that you re not also a scam site posing as a true reviewer?
    Please explain.

    1. It’s simple, all binary options robots, systems and signals services we have reviewed so far were scams. We do not recommend a single one, unlike other review websites that expose some scams but endorse others.

  33. You are just lying, i tried it and it works. So? What do you say now? You are stupid, ok? In 1 hour i made more than €500. Surprised?

  34. Thank you so much for this article! i’m new to trading and almost downloaded the binary option auto trading. I would’ve lost a lot of money if it wasn’t for all the comments. Really appreciate what you’re doing here!

  35. Hi John

    Well said on your side…
    But once again, do you know about binary robot 365?

    In the demo is doing absolutely winderful., also it goes with all the prices expiry times.

    Please explain and help in this case as you have mentioned that demo is also important

  36. I will be patiently waiting for a reply, because, I actually opened 2 different platforms just to be sure if the expired trades are axactly the same time as on other plartfoms.

    Another strategy that I’m using and it is giving me over 89% win rate daily is as follows: I open binary robot 365 demo and set it on 5min expiry, then on the other hand I Open my IQ in real account then coppy what br365 did, honestly I always in the money.

    If you guys don’t believe me on this I can screen shot my real account and unfortunately demo doesn’t keep history but if u are a trader you will notice on my real account that no human can be so accurate using turbo.

    Thank you, I’m not a scam, I’m just a boy from south Africa… Thank you

    1. It must be down to some luck, because Binary Robot 365 is using a fake demo. It is based on the White Label Robot scam software, just like dozens of other scams robot. See our review. The robot fakes results only to manipulate losers to winners.

  37. Hi John,
    Thank you for your review with binary options trading. I’m about to sign in but after reading all the comments here, I backed off.
    What’s your opinion with xtrade.com?

    1. Hi, we don’t have any feedback about Expert Option, but as it is not regulated in any country with a strong binary options regulation, I would stay away.

  38. Hi John Novak,

    I am currently looking out for a legal binary trade app, can you let me know of any and also it would be great if you can review this website as well as per your comments above and a few who do not agree. I am a but skeptical about this below link now.

    1. Hi, I believe that all binary options auto trading systems are scams. If any website is saying that Binary Option Auto Trading software is legit, it is a scam too.

  39. Hi all.
    I received an email promoting this bot. It sounds fantastic, a way to make easy money. It does not happen. Investing takes time and education. I have been trading for about 12 months now. I use 1Broker and Etoro. And i do make money. I use copytrading. You will not make money in 1 week. You need to let your investment grow for a min of 12 months. Yes there are people that make alot of money off trading but they study the markets.
    Personally i started with $ 500 with 1 Broker and $1000 with Etoro. After 3 months i was making about $ 400 a week
    Use common sense folks. Stay away from the get rich quick programs.

  40. HI JOHN
    ITS A GREAT PLEASURE TO HAVE U ON THIS,IF I MAY ASK,ARE MARKET.COM, ETORO, IG TRADING, FX PRO, TRADING 212, ZULU TRADE, SPORTWARE C-TRADER, U-BANKER,ARE THEY REGULATED OR NOT?

    1. Hi, Markets.com, Etoro, IG, FX Pro, Trading 212 are regulated. Zulu Trade apparently is regulated too, but they don’t give enough information, so it doesn’t inspire me confidence. Sportware C-trader is a platform, not a broker. U-banker is not regulated.

  41. Thanks John I now know which one to trade with because here in South Africa scams are like wind blowing all directions……

  42. Hello what legit way can one earn a moderate income monthly, because I was ripped by f** bitcoin scammers, you think there’s scam in binary option, try the cryptocurrency then you’d know this world is truly a wicked world. JOHN any advice? ??

    1. Hi, money can be made in trading, but profitable strategies are not shared in the public domain, because traders are competitors on the markets. So don’t expect to find a free profitable system. You can try to build your own strategy, but it takes time and learning.

  43. Okay, thanks but can you give me a book to read on that or any strategy, please John have been ripped and I don’t have anything again,….Please John I look forward to hear from you. Thanks

  44. Hi John

    Firstly, thank you so much for your website, I am sure that it has saved many a soul from losing hard earned cash through fake Binary Option Robots…we need guys like you!

    I would however like to make one comment with regard to IQOption. After reading your post about a free demo trading platform with IQOption, I went to thier website to try out thier Demo, however when I tried to Register to open a free account, I received this message on my screen:

    “In accordance with the Terms & Conditions, the company is not entitled to provide services to residents of the United States, Russia, Canada, Australia, Belgium, Israel”

    I live in Australia, so was excluded from using the free demo platform. I felt it prudent to mention this to others who may reside in the countries mentioned in the above text.

    1. Hi, yes, I know, but unfortunately I don’t know about any binary options broker licensed in Australia that I could recommend.

  45. John your not as knowledgeable as you think. Every decent website related to trading binary options has that disclaimer at the bottom, except yours of course! There are plenty of binary options brokers in Australia licensed to ASIC it’s just your knowledge that lacks. Goldrock get off this website and find another!

    1. I am not saying that there are not licensed brokers in Australia, I am saying that in Australia there are no licensed brokers that I could recommend. I have some personal experience with HighLow and Core Liquidity Markets. Both are licensed, but I won’t recommend them because my personal experience with them is not positive. That’s what I’m saying. And concerning disclaimers, our site is full of disclaimers in the shape of articles that warn about binary options scams (more than 700 articles). In every article we repeat that there is no free money in trading, that free systems will lose your money and that to make money in trading you have to learn and build yourself a profitable strategy in testing. And unlike the vast majority of other binary options websites we don’t promote any trading system. I think that we are doing a lot for the raising of the public awarness about how binary options really work.

  46. I invested £500 and after an initial “win” I keep losing my money ..now I am down to my basic investment and fearing of losing all that I want out… but they will not return my orginal investment even under the threat of legal pursuants … I bitterly regret at ever getting involved with these companies and WARN others not to do so… you money is not safe

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