BinBot PRO Review: Safe Automated Binary Options Trading Bot to Use?
The BinBot Pro is a binary options trading robot that claims to help you get rich quick by making smart, profitable trades. Find out how it works – or if it works – today in our review.
What Is BinBot Pro?
BinBot Pro, found online at BinBotPro.com, is a binary options trading robot that claims to help anyone make money through profitable binary options trading.
Binary options trading, for those out of the loop, is a high-risk investment product heavily marketed in getting rich quick schemes online. Some claim binary options trading is more similar to gambling than investing. Some countries – like Canada – have even gone as far to ban binary options trading entirely.
Despite the controversy, binary options trading continues to be heavily marketed online to this day. BinBot Pro is yet another binary options trading software program targeted towards investors who want to make a lot of money with minimal risk or effort.
How Does BinBot Pro Work?
Here’s how the official website describes how BinBot Pro works:
Step 1) Select the robot based on your desired level of income
Step 2) Run the software
Step 3) Make money
That’s it. The software’s website is filled with images of traders making thousands of Euros or US Dollars per day by running the software. The software lets you select your desired trading pairs from popular binary options – like foreign currency pairs. If you want the binary options trading robot to make trades in the EUR/AUD, EUR/JPY, and EUR/GBP pairs for the day, for example, then you can do so by ticking off the boxes within the software.
You can also choose how long you want the software to run. The software can run for 10 days if you select it, for example, without your intervention.
Other key options on the BinBot Pro interface include the “Add Balance” option that lets you add funds to your account. By default, BinBot Pro seems to always recommend having a balance of 5,000 EUR or 5,000 USD.
You can stop the robot at any time by hitting the big red “Stop” button. This will cease all binary options trading.
Before you buy BinBot Pro and start trading binary options, you will need to complete the free registration on BitBotPro.com. The website recommends a handful of binary options trading brokers with which it is affiliated. Choose the broker you wish to work with, then activate your trading account on BinBot Pro.
Once you have signed up for a broker, deposited money, and signed up for BinBot Pro, you can grant the software access to your broker account, at which point it will start making binary options trades.
When the software is running, it will automatically engage in binary options trading on your behalf, using your money. You can stop the software at any time if you want to collect your profits. However, as with other scammy binary options trading software, it’s unlikely that you will make any money with BinBot Pro.
Some of the brokers recommended by BinBot Pro include BinaryCent, VideForex, and RaceOption.
Meanwhile, the side of the BinBot Pro interface features a selection of “Top 20 Robots”, including the robots that have delivered the best profit in recent weeks. Some of the top robots claim to earn consistent profits of 80% to 120%, although it’s unclear if these ROIs are based on daily, weekly, monthly, or yearly returns.
The BinBot Pro software is available in English, Russian, Thai, Spanish, French, Chinese, Arabic, and German.
The BinBot Pro team claims their software has won three awards, although all three awards appear to be fake. Large award logos for “Confident 100%” and “Top Quality” are displayed on the BinBot Pro website along with an award for “The Best Binary Robot 2016”. We cannot find evidence of any of these awards, and it appears that BinBot Pro is fabricating awards to make itself look more legitimate.
About BinBot Pro
The official BinBot Pro website has limited information about the company behind the trading robot. There’s only one listed way to contact the company, for example, and there are no further details about where the company is based or how they operate.
The only way to get in touch with the BinBot Pro team is through email at [email protected] Some reports online suggest that BinBot Pro is a London, UK-headquartered business founded in 2000. However, we have not found any information to back that up.
A WHOIS Lookup reveals that BinBotPro.com was registered through GoDaddy in July 2016. The website was updated with the latest version of the BinBot Pro binary options trading system in April 2018.
Overall, it’s generally a bad idea to provide personal information and financial information to a company that is not willing to be transparent with you.
Conclusion: BinBot Pro Seems To Be a Scam
BinBot Pro, like most other binary options trading software programs, appears to be a scam. There’s limited information about the trading software available online at BinBotPro.com, although the software makes big promises about the amount of money traders can expect to make by using the software. Traders are told to expect gains of 80% to 120% by using the top trading bots on the platform. In fact, you can even select your desired level of profit during the setup phase.
Ultimately, there’s limited information to suggest that BinBot Pro works as advertised to complete effective binary options trades on your behalf. The BinBot Pro system seems like yet another binary options trading software scam.