8 Binary Robot and Robot Cash Online are automated programs for binary options trading. They are supposed to generate profitable signals and trade them on your account automatically.
And both robots are free, so does it mean that you can make free profits with them?
8 Binary Robot and Robot Cash Online scams
We analyzed both robots and we came to the conclusion that 8 Binary Robot and Robot Cash Online are scams. The reason for this conclusion is that they both run on a very well-known scam robot that is used by lots of scams.
Look at our picture to see a few examples, the same software is used by scams like Option Robot, Crypto Robot 365 and 5 Binary. We get a lot of feedback from real users of this trading robot and they all confirm that it is losing money in real trading!
The words “real trading” are very important, because the 8 Binary Robot and Robot Cash Online robot has a demo mode that will generate profits, but they are fake. The robot uses a fake price feed to make you believe that it works, but in reality it doesn’t.
If you don’t see through this dirty trick soon enough, you will probably let the robot trade with your money. In this case you can expect to lose your money quickly.
How it really works
Now you know that 8 Binary Robot and Robot Cash Online use a fake demo to persuade you that they are profitable, even though in reality they aren’t. Why are they doing that? Because they need you to deposit money through their software with one of their affiliated brokers.
It is precisely what they are getting paid for, for referring new depositors to their brokers. This is how they earn money. And they use lies to earn their commissions.
8 Binary Robot and Robot Cash Online are scams that use a fake demo mode to generate fake profits, in trading with real money they are losing.
To really make money in trading, you need to build your own profitable strategy, nobody will give it to you for free. You can try and do that on a free demo account with a regulated broker.
Don’t start trading with real money until your strategy is ready and proven to work on the demo.