Binary Review Facebook Auto Trader

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Binary Review: Facebook Auto Trader

Today I’m looking at a new binary options trading program that’s trying to benefit from social networks an automated trading, Facebook Auto Trader. This system is developed and created by John Thompson, a man with no reputation in the binary options market that is promising traders a system can earn traders thousands of dollars on a daily basis.

There is no address for the creator or the offices of the software, and there is no way of contacting the vendor either. This is not a good sign.

For new traders, go to our Binary Options 101 guide and learn how to trade the right way.

Facebook Auto Trader Review

There is really nothing new or unique about this trading system, the Facebook Auto Trader follows the footsteps of many failed automated binary options tools that have come before it. The website is filled with outlandish claims and promises, that have a nearly impossible chance of being fulfilled.

It is also important to note that this product is not associated with Facebook in any way. In fact, I’m sure Facebook was aware of this product, they would take quick and direct action to shut it down.

The Team

The sales page shows 3 employees that play a significant role in developing and creating the software. There are 3 people, and these are their positions.

  • Visionary
  • Lead Designed and Developer
  • Customer Relations Director

All 3 of these people are supposed to have a major impact on the company, to ensure they’re going in the right direction and providing their clients with a level of service that is above the rest. Yet, if you do a quick Google search, you will find that all of the images being utilized for these employees are stock images that have been taken from other websites. This is not the worst thing in the world, but when you combine this with the other issues and get rich quick indicators, it’s quite clear that this is another element that can’t be trusted.

Trading Results

Instead of trading results, the creators of the Facebook Auto Trader rely on testimonials. These testimonials are supposed to be published publicly on social networks, with traders providing their experiences on both Facebook and Twitter. However, if you attempt to find these tweets or Facebook posts, you will find nothing.

Being as though Twitter is a public platform, we should be able to read every single one of these positive tweets but they don’t exist.

I believe the creators of the system are fabricating all of the testimonials, because they do not exist anywhere else online.

Conclusion

I see no reason why anyone should sign up for a copy of the Facebook Trader. Generally, I provide much longer reviews, but in this case I really don’t see the point. It’s quite clear that the creators are just trying to pull the wool over our eyes and make a sign up for something that we don’t need. I don’t believe that there is a trading strategy associated with this product, and that it is just a shell being utilized to convert traders into clients and earn affiliate commission. Be very careful if you have signed up with this program, or if you consider signing up in the future.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
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  • Binomo
    Binomo

    2nd place! Good choice!

Thank you for reading this review, and please feel free to message me personally or leave a comment for the rest of the community to see.

Robots and Automated Trading

The use of binary options robots – “bots” – and other automated trading software and apps has exploded in the last few years. Here we explain how a trading robot works and review the top services 2020, and list what you as a user need to know and look out for. We also show where to get a robot demo account to trial the service, and teach you to use auto trading software and tools.

The best auto trading service for you will be down to individual choice, so read on to get all the facts.

Top Robots and Auto Traders

BinBotPro Choose among 20 robots and compare them on past performance. Activate automated trading in only 3 steps. » Visit OptionRobot Free to join with flexible settings including indicators, expiry and methods. » Visit AutomatedBinary Free demo account and options for money management and algorithms. » Visit Nadex While not strictly automated, Nadex can use open orders and stops, so orders can be filled without the trader being online. » Visit

How an Auto Trading Robot Works

Robot software and auto trading algorithms combine a signal service with automated trading. So the software will attempt to identify profitable trades, and will then place the trades automatically. This automated element takes signal services a step forward, and actually place the trades as well – rather than leaving that to the trader. These systems will have differing levels of risk management – from stop losses, to daily fixed spend limits. The automated element however, does increase the financial risk for traders overall.

There is also a growing trend for brokers to provide their traders with the ability to configure their own ‘bots’ or automated trading systems. These tend to simplify the the process, letting traders “drag and drop” technical indicators into their system. The best bespoke robot features also allow traders to run their robot in a demo account, in order to trial it risk free.

Brokers are keen to promote robots, because they create higher trade volume, and therefore reduce risk for the broker. They can be a great tool for traders too – but as ever in binary options – any promises of profits are an immediate ‘red flag’. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits.

Will a Robot Make You a Better Trader?

Sometimes. Trading robots will have swings, just like any other trading method. Likewise, the settings by which the robot is operated, might become less (or more) effective over time. So they will need to be constantly monitored for performance.

Automated trading without doubt increases risk – and binary options are already a high risk investment vehicle. But an automated bot running unchecked could rattle through a large number of losing trades, particularly where a news event impacts the market. An event that might make a human trader step back from the markets, is not going to stop an automated robot.

This extra risk can be managed to some extent. Many robots will have daily loss limits, and overall limits. They can also be set to stop if a certain level of profit is reached. Traders need to be aware of all the pitfalls however and treat bots with respect.

Reviews of Auto Traders

Binary Bot from Binary.com

Binary.com also offer the facility to design and run an auto trading robot. Long the broker for advanced traders, Binary.com now offer a range of ‘advanced platforms’ – one of which includes the Binary bot platform (Screenshot below).

This platform gives traders the ability to put together an automated trading system. As might be expected from this firm, the feature offers more depth than some of their rivals – again appealing to advanced users. The criteria available for putting together the algorithm offer greater choice than elsewhere. The process allows extra layers of complexity to built in, enabling users to get very specific about their trade ‘triggers’.

Binary Bot follows the Binary.com look and feel, which is fairly unique. The visual ‘fluff’ has been trimmed back, and replaced with more features and usability – typical of the brand. Read more about the platform in the Binary.com review.

Other Auto Trading Software

Auto trading software does require a small manual element in setting up, but once that is done – as the names suggests – the trading is automated. This form of trading is generally very similar to robot services. A trader using automated software will first setup the software based on the type of trading they are interested in. So the level of investment, the type of assets to trade and the level of risk. Once configured, the software can be left to place trades based on the settings given.

Signals – Essential to Auto Trading

In theory, signals and automated trading are similar. The difference being that when auto trading software spots a signal, based on data analysis, it will open a trade. A signal provider will simply highlight the trading opportunity, but leave the actual opening of the trade to the user.

Automated software therefore, generates signals based on the algorithms it uses, and will open and close trades based on those algorithms.

Copy Other Traders

There are also services that will allow trades to be opened based on a real-life binary options trader. Providers will offer a list of live traders, and publish their results. Users of the platform can then decide to copy those traders – choosing levels of risk and investment to suit their own needs. This kind of “almost auto trading” is called copy trading.

Robot and Auto Trading Scams

The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scams page details some of the red flags to look for (including a list of scam services), but auto trading in particular attracts a lot of scam operations. Here are a few reasons why:

  • Novice Traders – Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted.
  • Easy to blame the trader – Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault.
  • Control – If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading.

Warning sings of a scam will include a lack of transparency (results that are not verifiable), forcing users to use a particular broker, and the most obvious – the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable.

Binary Auto Trading Software Scam Review

Is Binary Auto Trading Software the real deal or is it a straightforward scam? If you do not waste your time, the answer is a simple yes Binary AutoTrading Software is a total scam.

However, if you are new to trading and want to find out how to detect scam from legitimate stuff then read on. This is not just a scam warning. This post is an educational and informative piece of information that can guide you to avoid making mistakes and throwing away your hard earned cash.

The official website is BinaryAutoTradingSoftware.com. Because the name is so long, it is also commonly known as BATS. Since we had some reports from readers that they lost money with this software, we decided to investigate further and get to the bottom of this scam.

The problem with scam software systems is that they destroy the trading market. They are aimed at new traders who in the hope of making money online trading, subscribe to scam systems.

This Binary Auto Trading Software review will reveal what the “red flags” that point out to scam really are, and what are the pitfalls that you should be avoiding if you are hoping for the best trading strategies.

BATS – Scam Warning and Risk Exposed

When we receive numerous complaints about the same software, we are put on red alert. This is the reason why our attention has been drawn to investigate this Binary Auto Trading Software scam.

Before we go into great detail let us examine what BATS is claiming to achieve. This software guarantees that traders will get the highest trading results and profits when using the software. It is meant to be a professional automated trading app that works for both Binary Options and Forex.

By their own words the Binary Auto Trading Software will win 23 out of every 25 trades taken. This is an upscale winning rate of 92%. Although it is not impossible on an odd day, the averages are inflated and weighted too hard for a good “sell”.

The whole point of this scam review is to weigh out the successful claims being made by BATS vis-à-vis the complaints that we are receiving from real traders who are losing money using this software.

Binary Options Trading System False Testimonials

There is absolutely nothing worse than building trader’s confidence by false testimonials. This is exactly where we start exposing the extent of shameful behavior by the developers of BATS.

When a trader is led to believe that he or she can make money trading online by using a reliable software, only to find that his capital has gone directly into someone else’s pockets, it exposes a degree of deceit that harms the trading world.

If you have a good look at the awards and success badges that is proudly demonstrated by BATS you will be shocked to realize that they are all fake. Why are they fake? Well some of the awards are “technically awarded” some time back. However, when we investigated into the time of the website incorporation for BinaryAutoTradingSoftware.com we discovered that this site was registered on the 20 th of January 2020. Therefore, logic follows that awards displayed from 2020 are all fake.

Moreover, to add insult to injury, the promise for refunds if not satisfied with the product have never been honored. This is a very serious situation. We have tangible proof from traders, who lost their capital and then contacted the support team for the Binary Auto Trading Software scam, and never even received a reply. Let alone their money back! You should also avoid similar scams like Quantum Code or Orion Code scam.

BATS and United States Citizens Trading Binary

Despite the fact that the BATS website is registered in California, United States, it is actually prohibited for any US Citizen to trade with the Binary Auto Trading Software APP.

Every day new regulations are made in the U.S and other countries like Australia, Israel and many other European countries, that inhibit and restrict traders from using these software systems. The reason for this is that governments are now fully aware of how many people have been scammed with systems like BATS that they are merely protecting their citizens from losing their capital.

Although this can be very restrictive in the real world, where genuine and legitimate trading software systems like TAI ROBOTIC SOFTWARE are developed and that work well, it is only meant to safeguard the day traders.

Day trading remains one of the most liquid markets. It is one of the easiest way by which you can make money online from the comfort of your home. However, if misused by scam systems such as the BATS software, you capital is exposed and not safe.

Your Capital is not safe with Binary Auto Trading Software – Warning

BATS is a threat and it is a trap. When you are being offered a managed account, you are in effect giving up control of your capital. What this means is that a brokerage firm will take your capital and will trade at its own discretion.

Whilst this in itself may not be a bad thing if managed properly, it can be very dangerous if the authority is misused.

Let us face it and be realistic. BATS claims to turn a humble capital of $250 into a handsome lump sum of $5250. That may not sound too grand, except for the fact that they claim to manage this in just 15 minutes. Seriously, this is a laugh out loud situation, and investors who believe these claims, are only being greedy and courting financial trouble..

The bonus being offered by BATS have all the qualities of scam. These managed accounts are nothing but fodder for brokers who trade aggressively and invite you to supplement your capital once the first losses are registered. Naturally, you are invited to chase good money after bad. But when you lose money this is an easy temptation to fall for.

However, it is not the solution. It is nothing but an invitation for disaster. Please do heed our warnings and avoid falling for this type of scam system.

Binary Auto Trading Software Review Conclusion – Verboten!

I must say I like to use the word Verboten rather than Forbidden because it sounds stronger and more powerful. I cannot stress enough how serious it is to trade with BATS. The developers of this software elect to remain fairly anonymous and therefore are not to be trusted. It is nothing but a corrupt system which will entice you to part with your hard earned cash. BATS is definitely not the best trading software that will help you make money.

If you are new to trading we highly recommend that you subscribe to this website so that you get regular updates on which systems to avoid and how to learn to earn money online.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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