To make a headway into trading and succeed in it, one usually requires a few things beforehand. One is the knowledge of the trade and enough experience with the asset you want to deal with. Second is the software or tools you employ for your trading. And third in our list, and perhaps the most notorious of them all, are the brokers with whose help you do your trading. In this review, we discuss a new ‘tool’ which landed on the Binary Options trading arena recently. Today, we have the task to review BinaTrust signals generating software. Read on for getting an in-depth insight into BinaTrust.
BinaTrust Review – What is it all about?
BinaTrust is allegedly a signals generating utility which generates trade signals for Binary Options Trading. It boasts of generating accurate signals by making use of complex mathematical models and Artificial Intelligence. Making use of advanced computational tools, the algorithm analyzes charts, world events and financial data. A large number of market variables and data from various sources are condensed to identify trade opportunities which have high probability to succeed. The analysis yields results and the software sends trade alerts to the subscribers. The alerts are highly accurate and result in win rates of over 78%. Such a rate is highly suited for making good profits.
The BinaTrust website makes a mention of the kind of profits it can achieve. Anyone, just anyone can earn anything between $250 to $4800 daily. There is no requirement of any experience on your part. You just need to follow any number of signals as are convenient for you. You need to place the trades manually as it is not an Auto-trading software. The website highlights the benefits of manual trading over auto-trading. Manual trading keeps you in control of your trades and gives you an added layer of surety and security over your money.
Its 100% Free
BinaTrust offers its signal service for free. They say that they would rather make the brokers pay up for their services than to ask you for money. The reason why the broker may be willing to pay on your behalf is not clear. What would you do with all the signals that you receive from BinaTrust? Trade with Binary Options right! This you’d do through a Broker for sure. The caveat here is you’d be able to trade only with the brokers which BinaTrust chooses for you. The fact here is you would have no say in choosing the broker of your liking and trust.
There is a time counter running on the website. The timer alerts you of the time still left with you before the software is no longer available for free. We reserve our analysis on this ‘Free’ service thing to sometime later in this review. Till that time, let us know some more about what assets Binatrust provides its signals for.
BinaTrust sends you trade signals for trading in currency pairs, commodities and Indices. Not all assets are supported. EUR/USD, GBP/USD, USDCHF, EURGBP, AUDUSD, EURJPY and NZDUSD are among the supported currencies. Gold, Silver and Oil are the trade-able commodities. Indices like FTSE and DAX can be chosen for trading too.
For starting off with your trading, a minimum deposit of $250 needs to be placed with the broker BinaTrust itself trades with. BinaTrust is run by a conglomerate of hedge fund traders and trading experts. Basically, the signals you receive are for the same trades these people perform. Since, these are all seasoned traders themselves, the chance to copy their trades, also lends you a chance to win trades.
Whenever there is something being offered for absolutely free of cost, it does raise a few questions. The questions do really abound when its related to claims of boundless profits day after day. There have been many scams of late which compel us to be suspicious. We didn’t really find any concrete evidences to report BinaTrust as a legit signaling service. On the contrary, it seems to be yet another scam software. In absence of any proofs which would otherwise uphold the claim of garnering a 78% win rate and our long experience of reviewing ‘Free’ magic Apps and signal services, we are of the strong opinion that you should stay away from BinaTrust.
In all likelihood, your initial minimum deposit of about $250 would go to a shady broker. There is just no reference of which is the broker which BinaTrust guys trust so heavily on. Whether or not the broker is licensed or regulated is also a burning question which needs answers. Any trading application which would allegedly make you quick and easy money, would definitely mean a corresponding loss to the brokers involved. A broker makes money only when his clients lose. Its as simple a rule as it gets.
By highlighting that the software is free and that the broker would bear its cost, they have stirred up some more questions in our minds. Will the broker be able to sustain the rampage for much long? After all money is not being created, its just changing hands. We are sure the brokers would be forced to shut shops than to sustain huge losses while the traders earn a fortune.
The various testimonials visible on the website do not help to improve the credibility of BinaTrust either. The facebook posts of people who seemingly have benefited from this software can be fake. We cannot verify or contact these people because there are no links available to track them. That’s just images you see on the website and cannot be deemed as proofs of ingenuity.
Verdict – BinaTrust Is Not Reliable Service!
Best Binary Options Robot In Market Currently!
We do not believe what the people behind BinaTrust advertise. Every claim must be substantiated with proper proofs which are missing in this case. We recommend that you steer clear of this software. There are many trusted signal trading software which you can use without any second thoughts. Don’t make the scammers richer by a few hundred dollars by trading with them. You can surely trade using reliable auto-trading software or even manually with licensed brokers. We have reviews of many such trading bots and brokers covered on our blog. You can choose to trade with any of them, this way you can ensure safe investments and practical profits.