BinaBot is a trading software that can predict what the next trend will be and thus help investors to pick the appropriate stocks to invest in. The software is based on Android technology and selectively accumulates massive amounts of data based on personal choices and buying habits of individuals, thus giving the investor the upper hand as to what stocks are worth buying into.
The Company
BinaBot was created by Troy Everett, who claims to be a very popular investor and a binary specialist with 15 years of experience of trading in the global market. While his identity has yet to be confirmed, he claims that he has rebooted his old system and created a faster and better way for investors to capitalize on the growing market trends.
The real skinny about BinaBot is that there is not enough information about the company or authenticity of the site to make an educated decision about who actually runs the company. Many trading investors encourage people to steer clear of using this system until more information can be found. However, there are others who have purchased the software and claim to have made some serious cash. Either way, it is a high-risk investment that shouldn’t be taken lightly.
What Is Binabot?
BinaBot is basically binary software that legally collects data from Android users to get a reading on what is trending in the global markets. The system calculates and evaluates risks that promise investors a 92% winning ratio. BinaBot comes with its own ranking system to allow for first-time investors to get a feel for trading and creates suggestions as to what trends and stocks to follow.
The system is created for all platforms; from PC and Mac to smartphones and tablets, the BinaBot can be used anywhere at any time.
BinaBot requires $250 to invest in order to start trading with the hook that only a select few will be able to get in on the product before it is released to the world. Once the product is released, it will become $2,500 to get the software.
The system does offer 24/7 support for technical issues and questions and is set up for the investor to use it on auto-pilot. You can option for having regulated brokers to help you in selecting the right stocks to invest in, which a big advantage for beginner traders. With BinaBot you don’t have to stay logged into the system for it to perform trades on your behalf. Simply set up the software and the number of trades you want and the time you want them. The system allows for 60 seconds, 180 seconds or 5 minutes between trades.
Final Thoughts About Binabot
So is BinaBot worth getting into? Like many other binary trading options, there are risks involved. The system is real and works to create a reliable trading option, however, there is just not enough evidence to support the company. There are plenty of reviews that swing both ways as to whether or not BinaBot should be used, but you should ask yourself whether or not you want to allow an app that collects your personal data and buying habits to turn a profit?
Whether the creator is real or not has no impact on the software. The price seems a little too good to be true and claims that on auto-pilot each trade is only $5 and with a broker, it is $25. But there is just something off about this product and company that should make you think twice before diving into it. Especially when the company changed the name from Binandroid 2 to BinaBot just doesnít seem right. If there was nothing wrong with the original product, why change the name?
Like all stocks, there are risks involved and the BinaBot is by no means a ‘get-rich-quick’ or ‘magic bullet’ that will send your accounts soaring. Do your homework and don’t be fooled into thinking that this app will give you the upper hand in trading.
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