In this review we look at a trading robot called “Binary Option Auto Trading ”.
Binary Option Auto Trading is a system that promises 100 % automatic investing.
A software will trade for you allegedly based on signals from professional traders and advanced computer algorithms. And it is free.
Don’t trade with Binary Option Auto Trading
The first question that you should ask yourself is: Why would anybody be giving away for free a profitable binary options robot?
The second question that you should ask yourself is: How is it possible that a free binary options robot has an affiliate program and will pay people for referring new members, where does the money come from?
Answers to these question are very simple. People behind Binary Option Auto Trading are affiliated with unregulated brokers (Binary Tilt, RBinary, Finpari) and will get paid by these brokers for referring new depositors.
So how do they make you deposit with their broker so that they earn their affiliate commission? They have to make you believe that you will make money. So they created a piece of software that can trade automatically, but not profitably. And they force you to deposit first, only then you can start using the app.
It is important, because by the time you realize that Binary Option Auto Trading is a losing software, they will already have earned their commission on you. That’s how it works.
You don’t believe it? Have a look at their Terms and Conditions on the picture. In essence they say that you should not trade based on their system. Their signals come from a third (undisclosed) party.
So you should expect losses. So don’t risk it.
Binary Option Auto Trading is just one of many programs designed to make money to their creators through affiliate programs. The problem is that at the same time they lose money to users of their trading systems, so stay away from them!
Any serious trading program has to let you verify its performance on a demo account . You should never trade any system or strategy with real money if you could not verify how it works on a demo.
John Novak says:
Dear Bullshit detector, please read the article you are commenting on. You will see that the authors of Binary Option Auto Trading themselves don’t recommend using their software for binary options trading. Moreover they are not authorised to provide investment advice. But you don’t have to trust them, you can go and risk your own money.
Bullshit detector says:
I think that expression may offer them some form of legal protection. Like “wet floor” warnings. I don’t see a legit reasoning behind your accusations and thats why I asked if you or anyone have first hand experience that is provable in some way.
I am very skeptical of everything and everyone in binary option community. It’s just you don’t have anything to back up your accusaitons. Just a few screenshots and words from their site. Did you actually buy and used their service and lost money. I don’t think so. That’s why I asked proof from Kamal who claim to lost money.
Thank you for your answer regardless. No offense intended.
John Novak says:
I personally believe that we have provided enough elements to prove that Binary Option Auto Trading is a scam. Either you can believe our arguments and use some common sense, or you can believe that people give away money making systems for free, you can trust this anonymous company and send your money to their unregulated broker and try it. In this case good luck. But we don’t invest in scams, we have reviewed more than 400 scams and there is not a single case where somebody would prove us wrong with our conclusions. But again, you don’t have to trust us, you can go and risk your own money. I know the outcome, I am in this for a very long time. If you don’t trust our arguments, I have nothing more to add. Just do what you believe is right, it is your choice, your responsibility and your money. We are just trying to help people. If somebody doesn’t want our help in the shape of our warnings and reviews, no offence taken, we are absolutely OK with it.
Adrian Palmer Edwards says:
Hi Bullshit detector,
I have been using Binary Option Auto Trading and sorry it does not work at all. Every time I test a piece of software I always take screenshots and if I showed you mine of this software you would weep. From an opening balance of £250, I have remaining £22.28, and my profit is -£252.72 and that is for about an eight week period. And I’m not a novice at this game been doing it for eight years, so for a novice this would be disastrous. It’s probably one of the worst I have used it’s useless I hope you haven’t put money into it. It was losing trades as if they were going out of fashion. Hope this helps.
hi. you keep saying that they use unregulated brokers but they have banc de binary and 24option to mention a couple. which are both highly regarded. so firstly this tells me that you dont know a lot. and the google play app has had over 50,000 downloads and mostly positive reviews. im still not saying it will make money but i have evidence in its favour whereas you dont mention any.
John Novak says:
Everything is explained in our review, I cannot teach you how to read and understand a text.
i can send you a screen picture of trading.i put for start 250 $ and get 2 win trades and 7 lost in a few days.and put risk level medium.then i chat with them i and i ask for advice and ask that i put reverse trading(against signal provider) and them write yes.now i will see but i will probably lost all.they connect me with 24 option broker.
i think this is a scam program!!
Bullshit detector says:
Here are some people using it to profit:
Do you believe this site is also led by a scam artist. I thought she was genuine. Do you have anything to say about her site ?
No offense please. I appreciate what you do here. I also don’t see the point in giving away free money schemes. But this trading software have multiple signal providers and take commission from your earnings. They don’t take your money upfront. You have a bit of control over the autobot and you can choose the signal provider you wish. I think what they do is applying multiple different alghortims/strategies through these “providers” and some of them are bound to have succes sometimes. And they earn comissions from those who win thus they never lose, giving the people a chance (or an illusion of a chance lol ). Sorry if I came of aggressive. I just don’t think your evidence is proving they are a scam beyond doubt. Thanks anyway for the discussion.
BTW, I am not saying these guys are legit. I also have many doubts about this one and the automated bots in general. I haven’t deposited antyhing to them. I am NOT recommending anyone to give any money to them. I was just pointing out that your arguments are not very solid. Anyone feel free to add anything to this discussion. I would love to see some proof.
John Novak says:
Brokerscamalert? I cannot trust any website that publishes review with affiliate links. Brokerscamalert will get paid if you sign up for Binary Option Auto Trading through the link in their so called review. Writing reviews about things that you are in fact selling is not only unethical, but you cannot call these articles review. And again, Binary Option Auto Trading force you to use one of their brokers, because they get paid for referring new traders to these brokers. This is how they make money. And ask yourself why they are using only unregulated brokers, except one, Banc de Binary, which is probably the worst regulated broker I know. And why is Binary Option Auto Trader showing fake awards on their home page? And why they show fake testimonials with stolen photos? Because it is a SCAM.
i used copytrade system and it make me earn money 10%per month, maybe you can try.
jamsheed salas says:
hi bullshit detector,i you have invest money in binary option auto trading than you have come to know that it is scam,if not than stay away from them,i joined them recently by brokersscamsalert .com.i traped by reading comments below,you know what happens first day to me five trade 4 won 1lost i thought ohh this what which i m looking for but second day 7 loses in a row,if u deactive losing signal provider than you will not get any trade,any way i just saw your comment here so i think i should tell u to save your money,and one other thing if post nagetive comment on anna review it will not appaer on their comments
Andrew Ingle says:
Hi. Brokerscamalert and Binary Option Auto Trading is a SCAM. I started using the Auto Trading 3 weeks ago. The first day I made $50, which I was excited about. Then I had a phone call from the broker, RBinary, and I got SCAMMED. He said he was the vice president of the company, and he wanted to show me how many of his clients had made some good profits. I foolishly let him remote access my computer. and I let him into a bank account of mine, and he took out NZ$1800. plus the NZ$450 which I already had sitting in the Auto Trader, and I saw him make a put option on some commodity. He said not to worry and that the money was insured against the company. He would contact me back. Thats the last I saw of my money. I tried to contact RBinary, but the same person just emailed me back saying he’d tried to contact me (which is a lie), and that I should give him a call so he could start making me some money. I’m going to stay away from binary trading now.
I know I should have closed the connection before he took out the funds. It looked suspicious when he tried to increase the credit limit on my credit card so he could take out more money. But I can only learn from this.
I tried sending a message on brokerscamalert to warn others but the message didnt appear on the site, because they monitor the messages first, and only display the messages that put the software in a good light. Theyre a scam.
I just want to warn everyone. The brokerscamalert site is affiliated with Binary Option Auto Trading. At the top of their webpage, they even call themselves Binary Options, using the same font as their software. This always looked suspicious to me, but I had to give it a try unfortunately. Of course theyre going to say every other program is a scam except theirs.
I just hope some people can learn from my mistake, and not let these crooks near their hard earned money.
Dana Smith says:
Other scam investigators, have found that this is the only software that is licensed legally for trading. I’ve invested, and have won 8 trades out of 10, broker is binary mate, and made a withdrawal that was in my bank in less than one hour, robots are not a magic money making botton, you need to follow the market and choose the best signals and platforms, don’t trade on predictions that are all over the place
John Novak says:
The software is NOT licensed in any way. And Binary Mate is an unregulated broker that does not even provide an address! A robot is supposed to trade for you, so if you say that you should decide what signals to trade, it makes no sense to use a robot.
Binarytilt are a total scam. I tried to make a withdraw for months and they never let me withdraw. They will use every delay tactic you can imagine. They will also try and sign you up to there new broker. They finally contacted me. A guy who was from some sort of recovery program in binarytilt. He said he was very sorry for my money being lost and would recover it. He purposely lost it all. They are total crooks. Stay away from them at all costs.
Have you personally used any auto trading software that works? I searched in your site to see if you mention or recommend one reliable and good auto trading software, I found none. Is there no good and reliable auto trading software that is not a scam? I am a newbee and I want to avoid any possibility of losing my money.
I agree with “Bulshit detector” as any reasoning critical minded person would wonder, that if u say something is not good then provide a proof. And anyone who has a firsthand experience preferably buying the software and using it, should be the right person to say this or that is a scam ( in your own case all auto trading software are scams). And strange of all, there is not a proof from users of these products, not even up to 10 or 2 persons.
I have not used any auto trading software yet because I am a newbee still searching and hoping I find a good one from review sites like yours. And think it’ll b more convincing if you add proofs with videos and snapshots of your own trading with any system you review. There are some sites that make reviews of only products they have used and systems they have not tested they leave it out but when asked about they honestly tell u, they have heard about it but have not used it, I think it is best this way.
John Novak says:
If you don’t agree that proofs that we provide in our reviews are enough and if comments from real users in the discussions under our articles are not enough for you, I’m sorry, but we cannot do more. If we had to invest in every scam out there, so far it would have cost us about $100,000 in lost deposits. We are not crazy… I repeat it again and again, we have nothing to gain in this, we do it primarly as a public service, we don’t sell anything. If you don’t trust our reviews, fine, go and test these programs with your own money, no problem whatsoever. You don’t have to read a website that you don’t trust. We believe we provide enough proofs of what we say, but obviously you don’t have to agree. Maybe you prefer to trust other reviews that sell these programs that they review, it is your choice…
Bullshit detector says:
I did extensive research on that site and bot and confirmed that both Anna’s site and the Bot software is one big SCAM. I emailed everyone on the comment sectiion of Anna’s site, and one person returned me telling his experience losing money to this scam. Don’t deposit anything! Don’t fall into this trap. Learn BO yourself. There are numerous sourcs online. Do the hard way and do it yourself.
The penny millionaire
The lexingtone code
The snapcash binary
The wiki trader
All those were tested by these guys and gave fabulous results.
Check their YouTube channels up there.
The problem sometimes with a legitimate software is a bad broker who does not wanna connect the software to the account bcz it will cost them a lot of money to be paid to you. So they Deactivate some of the algorithms of the software to not let it perform at its best.
But those guys are connected to good brokers, the ones regulated in Europe.
In the other hand the scam softwares are made by the scam brokers in the first place to make you deposit and loose your money.
John Novak says:
All these scams use paid actors that appear in a lot of scams under different names. All these scams use fake testiomonials with paid actors from Fiverr and other sources. All these scams use losing software that is used by a lot of scams at the same time, only the name changes, the app remains the same. We prove all this in our reviews. And real users confirm that these scams are losing money.
I am not saying this to you Adsmart, because you obviously are one of the scammers promoting your work here, I am saying this to our readers. You can either believe our reviews, our proofs and real user comments. Or you can believe that there is free money for everyone in the shape of free binary options robots that will end unemployment and poverty in this world for free. What you believe will not change anything for us, unlike scammers we won’t make any money should you believe these binary options robot work or don’t work. Those who say these binary options robots work, promote them in their fake reviews with affiliate links, so they get paid for it.
Ok sir I’am a lier and a deceiver. I’am just promoting links to facing softwares with fake videos to get paid, alright.
2- *** pay attention to the name of the brokers, they are regulated brokers in the UK, go ahead and contact the support of those brokers as many of them as you want, then ask them if they have those systems connected to the clients accounts, then you will find out about the truth.
Now how come regulated brokers would allow scam softwares to be connected to the clients account and cause the customers to loose money, that would be bad reputation for regulated high rank brokers, they would loose business.
If it’s connected to a good broker who activates its algorithms, it simply places trades for you very quick, faster that a human being, with anylisig the trades, the software chooses the high possibility winning ones using the algorithms integrated in it, but that’s with the condition that the broker connects the software to the account and activates the algorithms.
Now if you are a man don’t delete this comment and post it.
John Novak says:
I edited your comment, because you are just trying to promote your scams here and we won’t allow that. Now let me address the rest of your comment.
1) There are no regulated binary options brokers in the UK, because binary options are not regulated in the UK as an investment tool. Here is the proof: – “The FCA is also setting out its vision on a range of policy measures for binary bets that would complement existing conduct of business rules, once these products are brought into the FCA’s regulatory scope.” So you proved again that you are a liar. Now all the binary options only brokers that show a London address are not regulated, the real owners remain hidden, they just bought a postal address in London, they have no real offices there. These brokers participate in many scams.
2) Do you think that anybody really believes your fairy tale about you being so kind that you are investing your time and work in making other people make money for free? We are not that stupid. I repeat, in all our reviews we provide proofs that these programs are scams. These are tangible proofs that you cannot undo or hide. Just one example for all: Wiki Trader that you promote. The sick bit*h who claims to be the CEO of this program calls herself Kelly Wallace and she says that her company created a software called Wiki Trader. But this exact same software is used by dozens of other programs, all saying the same bulls*it about a unique program, see the proof on the picture in the review. What’s more, this same sick bit*h called herself two years ago Sarah Markel, the creator of the Quick Cash trading system based on a secret that her kidnapped husband discovered. It could not be more obvious that these programs are total scams, so stop your bullsh*t!
We are continously receiving real feedback from real people who have fallen for these scams. They all lost their money. You sick motherfu*ker should realize that often you scam people in desperate life situations, who use their last savings with your scams hoping it will save them. These people are often old and/or ill and desperately need money. And you make them lose their last savings. You are destroying lifes! Stop your crimes before it’s too late. You really make me throw up!
I apologize to everybody else for words I have used, but I have seen several people and their lifes destroyed by these scams, because they lost their last or even borrowed money with them. So scammers that are trying to promote their work on our website make me really angry.
Thank you for website John Novak.
It makes a lot of sense. Your website avoided me putting any money down ($250), which I needed to put down first before the “guy” on the phone would deal with me. As I never put the money down, phone calls persisted from his “colleagues”. my data at that point was sold I assume. It was via Banc de Binary, which sounded very legit. And very easy to open an account. But some thing just seemed off, as they were very pushy in wanting me to send the money, they were rushing me, saying I should trade now as I would make money now, so “could I transfer the money today still”.
Cruel Cruel World out there with these scammers.
John Novak says:
Hi James, Banc de Binary was so cooperative with scammers that in the end they could not withstand the complaints and had to renounce the EU licence.
Bonjour, je suis commerçant canadien, depuis près d’un an et je peux vous confirmer que John et son équipe vous donne leur juste, lorsqu’il vous dites c’est un scam, un escroc vous pouvez les croire,
j’ai testé différent Robots et courtiers je me suis fait prendre a faire des test a cause des sites qui font la promotion de courtier malhonnête, je suis heureux d’avoir tombé par hasard sur votre site, car je m’apprêtais a ouvrir un compte avec option robot auto traiding, n’ayant très peu d’information sur eu, je cherchais en savoir un peu plus, merci j’avais un gros doute maintenant que je sais
,Finalement a vous tous qui lisez cette chronique, consulter régulièrement se site, j’ai lu les analyses des courtiers avec qui j’ai ouvert des comptes et c’est la pure vérité sur eux.
First: I have not signed up yet, I am not affiliated to earn commissions.
Second; I read about Daweda / Broker … A broker Licensed and respected in the world market.
Third: That, Daweda has a semi auto trader, who needs SETTING first before connecting..this Software
Fourth: The customer will have to read the Economic Calendar first, to know the volatility of the day market. Primarily news of the three red bulls of certain currencies. Put stop loss, stop trades, amount of money to apply, how often, choose the less volatile pairs currencies; Etc. etc.
Daweda, would not put this Software to rip the customer money, this would be for a help, for anyone who has notion of Market binaries.
I’m analyzing for sign up, what’s the opinions here on the Forum?
John Novak says:
Daweda is relatively new, only one year old, so it is way too early to talk about respect.
Bravo John Novak, based on my personal experience, you are perfectly right! Despite all their claims, Binary Option Auto Trading (BOAT) is an obvious scam. They collude with brokers to defraud traders. Likewise, despite its so-called reputation, readers should be careful with 24option. Yes, they are a regulated company, but that does not mean that they operate responsibly. Around January 27, 2017, I opened an account with 24option. My intention was to deposit $250, but their representative encouraged me to increase it to $500, promising to give me a 100% bonus. But after depositing the $500, the account manager assigned to me insisted that if they gave me the bonus, 24option would be a joint owner of my account. This means that I would be trading, while they would be sharing whatever profit I make with me. The representative who urged me to increase my deposit to $500 never told me about such a condition. In the end, I did not talk about the bonus again, and they did not give me any.
When I opened my account with 24option, I did so through Binary Option Auto Trading (BOAT). Some websites promote the BOAT software as being fantastic at making profitable trades on behalf of traders. See for example, the website, ‘Binary Option Auto Trading Software Review: A Trusted Automated Platform’ (please also be careful with the owner of that website, Anna Georgieva, who appears to me to have some interest to serve. I posted a comment there about my recent experience with BOAT, but for some strange reason, it disappeared).
Shortly after opening my account with 24option, BOAT informed me that they had installed their trading software on my account and that I should do some setting, which they did not even care to explain to me properly, despite being a new user. Between Jan 30 and Feb 3 2017, while I was still busy trying to complete my account verification process at 24option, I lost access to my account and could not login. When I finally regained access late on Feb 3, I found, to my greatest shock, that my account had been reduced from the original deposit of $500 to $196. I immediately contacted 24option for explanation, but they insisted that I had been trading, which I denied.
On Feb 6 2017, 24option informed me that the BOAT software had been trading on my behalf (without my knowledge). By this time, my account balance had further been reduced to $166. I then complained to BOAT, requesting them to turn off whatever software they had installed on my account. They asked me to login at their website and click a certain button to deactivate, which I did. On that same day, they confirmed to me that the software had been deactivated. Despite that, by Feb 8 2017, my account balance was once more reduced to $165.44.
One does not require the brains of an Einstein to understand that the BOAT software consistently traded losses for me. Also, by shutting me out of my account, they made it impossible for me to quickly discover what was happening until they had substantially depleted my account balance. It also baffles me how trading on my account could have occurred when, according to 24option, ‘in order to start trading you will need to upload a few documents in order for us to verify and approve your trading account.’ Interestingly, since losing my money, 24option has been bombarding me with emails and text messages to complete my account verification process. You can also read users’ comment about 24option at this website – *** (link deleted by admin, because the website promotes scams like Binary Option Robot).
I share in your grievances and wish to thank you for sharing this helpful but sad experience.
I almost got into the same trap but you’ve save me from making the same mistake.
Gabriel Barretto says:
Technology or not, I think the old saying still holds true: If it’s too good to be true, it is too good to be true.
Much as I want to earn extra on a much easier way, I simply can’t risk my hard-earned money just the same so I continue to try my best on what I really do best to earn.
Dale Bateman says:
Spot on John, thank you so much, I have been using IQ options for a couple of weeks and it is very hard work, as you need to concentrate, however I was over £300 up in less then a week, but the old greed, kicked in and within minutes I lost it, I have since “clawed my way back” and I am £30 up. But I too thought there must be a easier way, ie. Robots. I signed up with Option , for £250 but without trading I realised it was not for me, and I withdrew. Fair play to the broker which was 24 Option I received my money back in 2 days. Just for the people looking at this one thing kept bugging. me was that optionrobot asked for initial $250, which is around £200 GB, so why would they not accept my £200 deposit. Ask yourself. I was lucky I did not trade and got my money back. But if I had gone on they where already £50 up on my deposit. John great advise keep it going if you help at least 1 person, it is worth it, Thanks again.
Hi, Just a further point IQ Options is regulated, and has great software platform, but for those who not now, this broker the “PUT” or “CALL” option is your decision not a so called ROBOT, I agree with someone else’s comment it may take longer to achieve, but if you make a mistake it is YOUR fault, NOT the ROBOT. However I can tell you my record within 3 hours was £ 105.00, I at this point decided to call it a day, that was from a £10 start, My Point………. THAT was a great feeling, a ROBOT cannot give you that. SO please take mine JOHN and others advice stay clear of ROBOTS, do it yourself.
24 Options also can be run by you and are regulated, very good, however I personally prefer , very simple software and you get FREE demo/Practice for life, plus all the backup, videos, etc. Before you ask NO I am not a affiliate, just trying to help as JOHN has, check it out, its your money, your life we all make mistakes, but hopefully this will not be the case. Thanks.
thanks for everything John, you are a wise soul!
What are you guys talking about here. You guys still try something but you don’t use your brains…WALL STREET. If there is a robot that can make money automatically why do they go there and work for 8-9 hours or even more selling buying stocks. I Guarantee there is no working auto trading bot. I’ll tell you more that all is scripted so you might make money for the first couple of days before you make a big investment because you sure it works but that’s the moment when you will start loosing your money. DONT INVEST WITH BOTS trade with Account managers or people who know how to analyze the market
Romeo Fernandes says:
Do you know about EPIX TRADER because every body who writes scam review is telling that this is the most advance AUTO TRADER can you please check this out tks
John Novak says:
Semeonjacobs26@yahoo Jacobs says:
I live in Belize Central America and I am a beginner in the binary options industry. I have be researching the industry for about a year now and my findings are similar to yours about this type of online trading.
Can you tell me anything about Ayrex.
I have read that IQoption is not regulated this side of the world Central America
24options my other option. which is regulated by IFSC here in Belize.
Are they any trusted brokers you personally would recommend regulated or not.
Furthermore, I am undecided if I should combine a signal service provider (by Agent Matt of Binary Options Agency) with my manual trading.
John Novak says:
Hi, I certainly recommend trading with regulated brokers only. Ayrex is not regulated. 24option is regulated, but they have a bad reputation, the French national regulator banned them in France. No offence, but I believe that financial regulation is stronger in the EU than in Belize. So I think that you are safer with an EU regulated broker like IQ Option.
Concerning signals, so far I haven’t seen any profitable service. If they let you try the signals on a demo, you can do it and see how it works. If not, stay away, certainly don’t start trading signals immediately on a live account.
Jake Mason’s saffa method working with Plus Options as their broker is also a scam. Last week I funded my account after trying for some time in a demo mode. I would get response within seconds on the questions I asked on live chat while I was on demo mode. The moment I deposited the money, I never got any responses anymore. Some guys pretending to be account manager n senior account manager claimed they have been trying to call be yet that was a lie. I have placed withdrawal requisition and I only imagine the BS of a response I’m gonna get. Stay away from Plus Options and Saffa method. They are scams
John Novak says: