WARNING: Binary Auto Trading Software (BATS) is an ILLEGAL service

In this review we explain why you should not trade binary options with Binary Auto Trading Software, also called BATS.

What it is about

BATSBATS allegedly is the number 1 live trading room for Forex and binary options. It also features an auto trading software that allegedly has a 97% win ratio.

And if you don’t have the time to do anything, you can get a managed account that should get you an 85% monthly return on investment.

BATS is supposed to have a free trial, but we could not get it. But it is not that important.

Binary Auto Trading Software is illegal

AddressBATS is allegedly based in Santa Ana, California. This means that in order to operate legally, owners of this program have to have a license. But they don’t have any, they certainly are not registered with the CFTC or any other regulator.

This means that Binary Auto Trading software is illegal. As simple as that, this is how investment services work, either you have a license, or you can’t provide them.

Returns and win ratio?

ResultsNow, because we could not get the trial account, we can only speak generally about the alleged performance of Binary Auto Trading Software. But we are convinced that the number they provide are fake.

A 97% win ratio is literally impossible in any trading. And a 85% monthly ROI, when the world’s best hedge funds do about 30 % per year? You be the judge. Our opinion is that numbers provided by BATS are straight lies.

Lies!

NameAnother thing that caught our attention on the Binary Auto Trading Software is the picture that suggest that this program won an award in 2016.

Look at our picture and you will see that BATS was created in January 2017, so it is impossible for it to have won an award the year before.

How it works

CommissionSo what is the real purpose of Binary Auto Trading Software? We believe that the primary aim is to make money to its owners. If they charge money for their services upfront, it is one source of revenue.

But another source is clearly affiliate commission from brokers. Look at the picture and you will see that they will force you to sign up with one of their brokers, otherwise they won’t manage your account.

So they will make you deposit money with their broker, which will earn them a commission. Then they won’t care if you lose money on your account, because they will already have their commission, even if they trade your account to zero. This is a principle that we see with binary options scams.

Conclusion

Binary Auto Trading Software is an illegal investment service, that makes promises that are totally unreal. We recommend staying away from BATS.

We believe that the only reliable way to make money in trading is to learn and build your own profitable strategy. You can try and do that on a free demo account with a regulated broker.

The majority of people doesn’t succeed in trading, this is why you should start on the demo and never switch to real money if you don’t have a working strategy.

Summary
Review Date
Reviewed Item
Binary Auto Trading Software BATS
Author Rating
21star1stargraygraygray
Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestDigg thisShare on LinkedInBuffer this pageFlattr the authorShare on RedditShare on StumbleUponShare on TumblrShare on VKShare on YummlyEmail this to someonePrint this page

2 thoughts on “WARNING: Binary Auto Trading Software (BATS) is an ILLEGAL service

    1. “Huge profit” 😀 😀 😀 😀 I think anyone can make their opinion based on facts presented in our review. Blackmail Bats? 😀 😀 😀 😀

Leave a Reply

Your email address will not be published. Required fields are marked *