Option Robot is Scam! Trading Software Review

If you are looking for an in-depth review, you are in the right page. We make sure that what we provide all the evidences to support our findings that Option Robot is scam. This robot is the latest binary options auto trading service. This application is not at all related with the other scam software Binary Options Robot, so don’t be confused. This latest app is developed by the privatesignalsgroup.com.

During our investigation there is one name that keeps on popping up that is associated with optionrobot.com, he is Chris Morton. It looks like he is one of the personalities responsible for this scam.  However, this Option Robot review is not about this man but about optionrobot.com, to determine whether it’s a scam or legit. The software has nice features that focus on trading turbo/short expiries.

You can select from different investment sums beginning from $5. The software uses 3 trading methods – Classic, Martingale and Fibonacci. The classic method of trading is the traditional way of trading. The Martingale method will double your next investment in case you lose the previous trade, it can reduce your account within minutes. The Fibonacci on the other hand is not as common as the two mentioned earlier, this method is based on the Fibonacci numbers. The app is trading only currencies and it concentrates on the popular ones like EUR/USD, AUD/USD, EUR/GBP, USD/CHF, GBP/USD, USD/JPY and others. Also the overall setting is to create your own algorithm setup. This app is enabling you to pick from few indicators. Optionrobot.com has wide variety of settings that you can choose from.

Option Robot is Scam – Three Evidences

With the above information about the system it looks like this scheme is nicely done and legit. But wait until we present to you our evidences and proof this application is a scam. The information provided on optionrobot.com is limited and we find it suspicious. Thus, we are prompted to write this review to expose and bare the frauds behind this scheme so one will not get victimized and save your hard-earned money from getting rob. The next section of this optionrobot.com review will reveal the signs and indications that this is without doubt scam software.

According to optionrobot.com the average winning trades ranges from 80 to 85%. This is quite high for a new binary option trading scheme. When one sign up with this robot you will be synced automatically with your broker and thus let you copy trade signals and execute from within your broker platform. The system is free and is web-based which means there is no need for you to download it. Also, there is no need for you to update it since the app is web-based and it updates automatically. Some people think that this application is legit. Make sure that you read this Option Robot review before you decide.

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First Evidence – Fake Testimonies

If the trader visits optionrobot.com, you will find that the information provided is limited and it’s not enough to prove that the system is legit. A trader will see the part where you can find some testimonials of the alleged users but sad to say they are not real. These characters are fabricated made up by the scammers behind this system. This is very common to many scam applications and we are not surprised if the program is the first thing that we find suspicious about this system. The professional and the experienced traders are just stock models. They are fabricated professional looking individuals to make the website looks good and legit, but it’s not what we think it is. The testimonial identities are the same, which makes us suspect that these stuff are fake.

Second Evidence – No Real Trading Result

To go deeper into the system we have tried the demo account linked to a licensed broker. With the demo account, you are not allowed to choose any of the indicators. This implies that the demo account does not represent t the real trading account that traders actually do. Actually, there is no point to trading on demo since it does not behave in the actual account. But, we noticed some important issues that traders should know. The first thing we discovered is that all the trades have 60 seconds long. Option Robot is notorious for becoming losing trades as predicting is hard. The losing and winning trade has a pattern which similar to all the trading. This one is too strange and not a coincidence. This system may look to be having the same problem that most automated trading robot has. They show fake, but realistic looking results on demo accounts to fool new traders into depositing their money.

Third Evidence – The Software is Free

Just like any other scam software this system offers a free account. But, if you open an account one will not be able to use it for trading. All you can do is to browse its optionrobot.com website and nothing else. To test trade, you need to make a minimum deposit of $250. So, clearly it’s not free to use this app. As mentioned above, we have tried the software and test it to prove to you that it’s not a good scheme for you.

Option Robot Review Conclusion

This review proves that this scheme is nothing but a scam. The evidences are presented to you clearly and if these evidences are not enough to convince you that Option Robot is scam, then maybe you need to test it by yourself but prepare to lose your investment.

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