In this article we will cover another big binary options scam that is called Tokyo Bot from Hiro Katsumi. It is supposed to be an automated trading system that will trade binary options for you and make you tons of money for free. Sounds unreal? Well, it really is.
As binary options traders we are really sad to see so many scams about this trading instrument, but the fact is that if you open affiliate accounts with binary options brokers, you can make money referring people. And this is the reason why so many scams are popping up every day, Tokyo Bot being one of them.
Scammers are looking for ways to make you open and fund accounts with brokers, because that will make them earn affiliate commissions, so trading systems like OptioNavigator, Binary Bot Pro, Hercules Profit Pro or Tokyo Bot are created.
Their only purpose is to make you open and fund a binary options account, which will earn commission to creators of these systems. That is also why these trading systems don’t need to work, the commissions are earned immediately no matter what are your trading results.
We reckon that it is an appealing concept. They tell you that they have an excellent trading system that you can get for free. So you have nothing to lose, right? Well, you will lose money from you binary options trading account.
We have tested several of these so called trading systems, but their winning ratio is always about 50 % only, which statistically corresponds to random trades. That proves that these systems don’t have any edge, they are absolutely worthless.
Do you want a proof that Tokyo Bot is a scam too? We did not even need to try it and lose our own money, a brief look at the promotional video was enough. The guy that tries and push you into his system stresses several times that you absolutely need to open a binary options account via his link with the broker that he recommends. Then he says that he has been trading with this broker for more than five years and that he has earned more than 3 millions dollars with them.
Well, the broker that he forces you to open an account with, is OptioNow. The OptioNow.com domain has been registered 2,5 years ago and the broker started to operate 2 years ago. This is a proof that Tokyo Bot is a pure scam. What is its purpose is clear, we explained it above.
OptioNow is an unregulated broker based in Gibraltar and as we always say, you should trade with regulated brokers only, because it gives you some security for your funds.
One last thing: Hiro Katsumi, who is very probably a fictitious person, shows on his web site some trading results with a 95 % winning ratio. We have been trading various instruments for 10 years and we can say with absolute certainty that a 95 % winning ratio is impossible in the long term, which is another proof that Tokyo Bot is a scam.