Iqexpert.trade Review Is IQ Expert Scam or Should I Invest Read Our Unbiased Review

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Iqexpert.trade Review: Is IQ Expert Scam or Should I Invest? Read Our Unbiased Review

IQExpert Review: Scam or legit? iqexpert.trade claims it could make you good profits from investments. How true is this? Is it Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of IQ Expert, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is IQ Expert

According to what we gathered from their website IQ Expert are a leading online broker offering binary options, CFDs, cryptocurrency and forex trading. A simple and affordable way to increase your wealth by investing a small sum of money. Profits and principal deposit are paid out at the end of the investment period”

The question now is; Is IQ Expert genuine? Can I trust IQ Expert with my money?

IQEXPERT.trade Scam Review: Disturbing Things Found

Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site that has no connection with brokerage. Rather It was built with the intention of scamming eager investors. This can be seen from the unrealistic returns it offer and the lucrative affiliate program. This is a new type of method of scamming unsuspecting investors. Most of this quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

OUR VERDICT- SCAM !

A lot of people would try to tell you otherwise but the truth remains that the people behind this platform are not using your money for agriculture production. Rather they run a margin system otherwise known as a ponzi scheme. The ROI is unrealistic, and the affiliate program commission is an indication that they are eager for your money. Though this website looks authentic, and the testimonials sound convincing, don’t be deceived by their whitewashed lies. They might pay initial investors, but like other HYIP’s, one day they will abscond with your money when there are not enough deposits.

iqexpert.trade is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

IQ Option Forex Broker Review

Last Updated: March, 2020.

One of the top representatives of the binary option trading industry, over the last few years, IQ Option have realized that they needed to diversify product-selection-wise. Binary options have never really been known as particularly trust-inspiring and the business model on which they are based, is plagued by a rather obvious conflict of interest. This combination ended up creating a bit of a toxic reputation for the brokerage, a reputation which they have managed to set right for the most part, over the last couple of years. The brokerage has branched out into proper Forex trading, CFDs, ETFs and crypto currencies, and apparently this was pretty much what the doctor had ordered reputation-wise.

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IQ Option were always known in the trading community for their accessibility and their attractive trading conditions, traits that they have managed to retain to this day. Even back when most of their peers required minimum deposits of $200-$500, they offered binary option accounts for as little as $10. The spreads on their Forex and CFD products are some of the best in the trading industry, to this day.

With the above in mind, it is not exactly surprising that the brokerage grew by leaps and bounds, even when the going was tough reputation-wise. From about 950,000 accounts in 2020, IQ Option have grown to more than 14 million accounts in 2020. From around 200,000 trades per day in 2020, they now handle more than 3 million. From a monthly trading volume of $10 million in 2020, more than $11 billion flows through the brokerage on a monthly basis, right now.

Perhaps the most spectacular metric regarding the growth of IQ Option is the geographic coverage of the operation. From a handful of countries in 2020, the services of the brokerage are now available in no fewer than 178 countries.

The IQ Option Trading Platform

Unlike most of their industry peers, IQ Option have not jumped onboard a mainstream trading platform such as MT4. They still have their own, in-house developed platform, which is doing a rather good job trading mechanics-wise, though it does indeed lack a little in the analysis/charting options department.

The trading platform features an attractive interface, and it is available in web-based as well as downloadable formats. Unfortunately, the downloadable version of the software is in essence a replica of the web-based trading platform, with the same features and shortcomings.

That said, trading through the IQ Option platform is in fact quite enjoyable. The charts are visually pleasing and one can indeed trade directly from the charts. Different time frames can be applied and no fewer than 9 charts can be displayed at the same time.

In addition to the features focused on the actual opening/closing of positions, the IQ Option platform offers an overview of one’s open positions, as well as a Trading History section. There’s a Chat and Blogs section featured too, which is where the social side of the brokerage comes into play.

Through the trading interface, IQ Option clients can also access an impressive number of video tutorials, detailing various analysis methods and offering tips on the inner workings of the platform itself.

The charting tool selection lets traders choose from Area Charts, Line Charts, Candle Charts and Bar Charts. These are obviously useful for the spotting of various chart patterns. To this end, a number of graphical tools are provided too. These include the Fibonacci Lines, Trend lines, horizontal lines and the simple line. A total of 12 technical indicators are available (and it is probably not up to traders to install more). These include the Bollinger bands, the MACD, the MA, the RSI, the Parabolic SAR and obviously, the Stochastic Oscillator.

As an IQ Option trader, you should bear in mind though that many of the “classic” technical analysis methods simply do not work in the cryptocurrency vertical, as this new asset-class has a way of its own of evolving its prices.

The bottom line regarding the platform is that while it may not be on the cutting edge charting- and analysis-wise, it offers traders a very attractive and functional way to go about their business and to interact with the community.

IQ Option Trading Products

IQ Option have recently expanded their product offering quite radically. While they have retained their binary option offering, their focus seems to have shifted to the crypto vertical. We have to note the fact though that while the IQ Option website does mention something about clients actually buying crypto currencies, the trading platform only supports cryptocurrency-based CFDs.

There’s a separate section for the Crypto CFDs, which features 13 assets. Most of the top market-cap cryptocurrencies are supported, starting with Bitcoin and Bitcoin Cash, and wrapping up with IOTA, Dash and Monero.

The CFD section is mostly focused on cryptocurrencies as well. While in the crypto sections, all virtual currencies are paired with the US, in the CFD section, crypto/crypto pairs, like LTC/BTC and ETH/BTC are available as well.

The Forex product category is the largest of the broker. It features 22 currency pairs, from the most traded, right down to exotics.

The binary options section is simply called “options” these days, and it brings 23 tradable assets to the table. This asset selection mostly covers currency pairs, but there are a few indices, commodities and equities included too. The return percentages on these options are said to be in the neighborhood of 95%, but in practice, they are usually somewhat lower, covering the 85-95% range, and yes, that goes for popular currency pairs like the EUR/USD too.

Digital Options are special options which offer return percentages of up to 900%. This section of the product selection covers currency pairs exclusively.

IQ Option Regulation and Safety

Yes, IQ Option have always been regulated. They acquired their CySEC license back in 2020. Their license number is 247/14. What all this means is that the operation has been considered MiFID compliant by the Cyprus Securities and Exchange Commission. That makes it clear that IQ Option are free to peddle their financial services all over the EEA (European Economic Area). The brokerage is registered with most of the bigger European regulatory entities, such as the UK’s FCA, Italy’s Consob, Germanys BaFIN and France’s Regafi.

Trading Tools IQ Option Trading Platform

Besides the trading tools that can be accessed directly from the trading platform, as detailed above, IQ Option have apparently also attempted to provide their clients with a sort of economic news section, meant to highlight trading opportunities. The reason we’re calling this a mere “attempt” is that this news section does not appear to be properly and regularly updated.

The sub-section dealing with cryptocurrencies is the most up-to-date one, once again underlining the operator’s focus on this new financial vehicle.

IQ Option Customer Support

IQ Option support can be reached through a plethora of toll-free regional phone numbers. Clients can even email the CEO and CAO of the operation directly. The IQ Option headquarters are located at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The general support email is [email protected]

IQ Option Review Conclusion

IQ Option is once again a top destination for the trading of cryptocurrency-based CFDs as well as Forex. The trading conditions are outstanding on all their products.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

ExpertOption Review

A large number of traders have joined the binary options trading market fray due to its increasing popularity. This has resulted in the creation of a big pool of binary option robots with the aim at tapping into this expanding market base. Most traders are grappling with the idea of which, among these robots are best to trade with. Many program developers associated with binary option robots and option signals are hugely motivated by the profits to be acquired in this type of trade. This fact alone has resulted in the presence of different types of programs that have flooded the market giving leeway to imitations and scams that want to get the most of hapless traders.

Any trader in the binary options kind of trading should be aware of this and try as much as possible to invest in a little bit of knowledge lest s/he falls into the trap of unscrupulous traders whose main aim is to exploit the ignorant. This review of ExpertOption will give us a peek on how to choose the best option in terms of robots and best binary option brokers. IQ Option for example is one of them, let see if Expert Option is too.

ExpertOption Review

This broker is a relatively new entrant in the binary options trade and it is owned by Expert options limited located in St Vincent and the Grenadines. They have a trading platform that is simple and easy to use. Their trading assets include most Forex Pairs, Market Indices like S&P500 and Oil. They offer competitive payouts on various options with a record breaking time duration of 5 minutes. One can also select a time frame of between 60 seconds and 5 minute expiration. Longer time frames are expected to be in effect soon. This broker is widely recognized in Russia because they are licensed by CROFR (Financial Market Relations Regulation Center). Their website is in the Russian and English languages. This broker was established in 2020 and it is a relatively new entrant in the binary options trading scene. The site has popularity in Russia and features other languages like English, German, Italian, Spanish, Portuguese and Hindi languages. The broker has taken advantage of their trading platform to meet the needs of binary option traders.

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

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    What does ExpertOption have to offer?

    1. ExpertOption trading software – This is a software that is wholly developed and used by ExpertOptions and it is exclusive to this broker. Most brokers use platforms from other service providers but that is not the case with ExpertOption which uses its very own. This is their proprietary software with a simple interface that is easy to use for both new and experienced traders. It consists of some features which allow traders to perform technical aspects of the trade that are necessary in maximizing their profits and at the same time executing their transactions promptly.
    2. Educational materials – The site has very useful and informative materials in the education section that actually helps newbies to come to terms with the operations of the binary options trade. It not only offers strategic advice about this trade but also provides a glossary of terms and analytical information that are relevant to any eager trader.
    3. Mobile trading platform – ExpertOption takes care of all types of traders including those who are on the go by providing an efficient mobile service for all its customers. This mobile platform is available in the app format and can be downloaded through Google Play and Apple Stores. It is very suitable for those traders who are on the move and would wish to check on their assets anytime they wish to.
    4. Assets – They have quite a number of trading assets that range from Market Indices, Forex Pairs, Commodities, Gold and Oil. Their Market Indices feature very popular and widely reputable firms like S&P500.
    5. Continuous stream of trading signals – The ExpertOption platform has a great feature when it comes to streaming of trading signals. It has a continuous stream of trading signals and alerts. These signals encompass all their assets and include the Neutral or Sell and strong Sell and the Strong Buy signals. These signals are important in the binary options trade and it is crucial to understand what they are based on and this call for a demo.

    ExpertOptions Account Features

    ExpertOption offers a variety of trading accounts that meets the needs of different types of traders. These accounts include:

    • Mini account – It is a basic account that can be opened with a deposit of only 50 dollars. It has a maximum number of 10 open deals with a maximum of 20 dollars per deal. It also offers educational training materials related to the binary options trade and also incorporates a 50% bonus.
    • Silver account – This account is for the more experienced traders and can be opened with a deposit amount of 250 dollars. It features bonuses which can be as high as 75%.
    • Gold account – This account can be opened with an initial deposit of 1000 dollars and has very attractive benefits like priority withdrawals, increasing asset profits and personal consultation with a leading trading partner.
    • VIP account – This is a top level account that takes up all the features of the gold account and also includes an analysis of the trader’s individual history. It has bonuses that go as high as 125% and is especially beneficial for experienced traders. A demo account is also available for free and is useful in familiarizing one about the site and its operations.

    expert options accounts

    Banking

    Traders wishing to open an account with ExpertOption have a wide range of options including the most traditional to the more contemporary e-Wallets banking methods. The minimum deposit amount is just 10 dollars and this makes the site a simple and easily accessible one. This amount is the lowest in the industry and is a good motivating factor to new traders who would wish to gain trading experience. ExpertOption has a very quick and efficient withdrawal and deposit system which guarantees short turnaround times with a good customer support facility. All traders’ funds are held in European banks that are secure and which enable traders to have a peace of mind when trading.

    Deposits

    ExpertOptions, just like any binary options broker, lets traders make deposits by using the standard methods of payments which consist the use of credit cards. Among the most popular credit cards that are accepted here include Visa, Maestro, MasterCard, and American Express among others. Deposits by wire transfer and other e-Wallet methods are also accepted. Safepay and Skrill are also available to any potential trader in this trading platform.

    Withdrawals

    ExpertOption offers a professional platform for trading which offers really easy and simple earnings in binary options type of trading. They offer many tools for trading that features the most perfect conditions for trading in the industry. Each and every trade is watched in real time by experienced trade experts. ExpertOption also provides the best and fastest withdrawal features in the industry in which money is able to reach your e-Wallet or your card in the shortest time possible. The transactions are commission free and involve a wide range of payment methods apart from those mentioned above.

    expert options details

    ExpertOption Promises vs. Reality

    Like any other broker, ExpertOption use marketing strategies to entice traders to their binary options trading platform by using attractive sales language. However, when one closely checks the site the story is entirely different because some traders feel that the site is not genuine. This is because the site is not that transparent and does not provide the much needed information to the trader. Finding helpful information about the site is challenging thus making it opaque and one that does not satisfy the needs of its customers. This scenario makes it very difficult for any trader to trust it.

    The site also features a demo account that is supposed to allow a trader to learn more about the binary options trade but the transition to the main account is a big problem because it directs one to the trading area. The profits one is supposed to get in a demo account are highly exaggerated and this makes the site to appear unreliable because it promises high returns which are not possible in a live trading session. The demo account is therefore viewed as an enticing one rather than one that is honest in trading.

    When it comes to bonuses and promotions one expects that the site will provide clear guidelines on how the features will be rolled out. The promise of fast withdrawals of the said bonuses stares any other trader on the face because when you check the terms and conditions relating to bonus withdrawals you find that it is not that easy to retrieve your withdrawals once you make your initial deposit because the bonuses are usually tied up with the withdrawal process which is rigorous and discouraging.

    Shortcomings of ExpertOption

    This broker is a relatively new entrant in the industry and this makes it a big problem for many traders especially when it comes to confidence issues. Among its greatest shortcomings are the following features which are so profound and need to be improved upon.

    1. Withdrawals and deposits – ExpertOption has transparency issues when it comes to deposits and withdrawals because it does not set out clear guidelines on how these can be transacted. Many traders find this to be a big challenge because it does not give them room to make informed decisions. This has resulted to several complaints by traders. ExpertOption just bought a set up website that has never been customized to the traders’ requirements. This makes it just a site that is not in touch with the needs of its customers.
    2. Customer support – Information on how to communicate with customer support is scanty and this leaves most traders at crossroads because some of them cannot invest in a trading platform that seems not to have a customer care representative. It is so disheartening to find that most of the times the language of choice is only in Russian. This seems like an isolationist policy to majority of traders who come from other countries across the globe. This is why the site has a very small customer base.
    3. License and regulations – ExpertOption brokers are not licensed by any Licensing agency with authority of repute and one that is trusted by many investors like CySEC. The licensing authority in the name of CROFR is locally based and this makes ExpertOption to have confidence issues with traders who are willing to trade on its platform. They view it as a local broker that is not compliant with international standards and most of them would rather trade with other well known binary options brokers. Most traders recognize brokers who have a CySEC certification and ExpertOption is not one of them.
    4. Withdrawal policy – As stated earlier, their withdrawal policy is their main undoing since it is shrouded in secrecy and oblique and this makes most traders to shy away from it because they are unable to make informed investment decisions in such a situation.

    expert options allows to copy best deals

    FAQ on Expert Options

    This article provides answers to the most frequently asked questions about the expert options. The FAQ deals with the various topics ranging from promoters to the customer support.

    • What are the available withdrawal & deposit methods?

    The expert options allow you to withdraw or deposit funds through credit or debit cards (Visa, MasterCard, Maestro), UnionPay, Skrill, Neteller, Payweb, PerfectMoney, Qiwi, Yandex Money, and Webmoney.

    • Who are the promoter and its registered address?

    The ExpertOption Ltd is the promoter company located at Saint Vincent & the Grenadines, 1510, Kingstown, Suite 305, Griffith Corporate Centre with registration number 22863 IBC 2020).

    • Is it a licensed broker and who is the licensing authority?

    The brokerage company is registered with the self-regulatory body called FMRRC (Financial Market Relations Regulations Centre) and has received license No: TSRF RU 0395 Vv0099 which is valid until 8 th September 2020.

    The company has also received a license to be dealers in securities from the Republic of Vanuatu on 6 th January 2020 and valid till 5 th January 2020 having license number 15014.

    • What is the platform used by the Expert Options?

    The Expert Options utilizes the in-house developed platform to drive the trading the binary options.

    • Does Expert Options offer demo account?

    Yes, the Expert Option offers one-click demo account which can be used without registering on the platform. The demo account provides $ 10,000 virtual currencies for testing the platform.

    • What are the assets available for trading?

    The website provides more than 50 assets to trade under the four categories: stocks, indices, commodities, and currency pairs.

    Expert Option Trading Platform

    • What is the overall expiry range?

    The Expert Options provides expiries ranging from 60 seconds to 5 – minutes.

    • What are the minimum deposits and a minimum per trade amount requirements?

    Being a retail friendly brokerage house, the Expert Options allows you to deposit a minimum of $ 10 and $ 1 as the per trade investment amount.

    • What is the minimum withdrawal amount?

    The brokerage house allows its investor to withdraw a minimum of $ 10 through their preferred mode of payment.

    • What are the bonuses and benefits for the registered customers?

    The Expert Options offers up to 100 percent on the initial deposit, while it offers the bonuses from 25 percent to 125 percent on the consequent deposits.

    Besides the monetary benefits, the company offers several other benefits like a personal manager, priority withdrawal, trading analysis amongst others.

    • What are the several account types offered by the Expert Option?

    The Expert Options offers four different account types based on the amount of deposit made. It offers a Mini Account type with a minimum deposit of $ 50, the Silver Account with a minimum deposit of $ 250, the Gold account on the deposit of $ 1,000, and the VIP account with $ 2,500 minimum deposit which offers entire bouquet of exclusive benefits.

    • What is the Return on Investment per trade?

    The Expert Options provides up to 95 percent payouts on winning trades. Meaning, on an investment of $ 100 per trade, the winning trade will get you up to $ 95 profits.

    • How can you connect with the customer support of the Expert Option?

    The Expert Option provides its customer support services through many channels including web forms, online chat, e-mail, and phone.

    The following table lists all the customer care numbers and their respective e-mail addresses.

    ExpertOpption Customer Support

    Questions Before Making The Selection of The Binary Broker

    The binary trading has come a long way and has been flooding with many players. These brokerage houses or the websites offers the same thing but with some distinct benefits to differentiate themselves. Though every binary brokerage site looks the same, there are some key parameters which one must consider while making the selection.

    Our endeavor here is to provide you the list of questions which should form the basis of your ultimate selection. Though the list is not an exhaustive one, it definitely provides the fair idea on each of the key selection parameters and why that parameter is important in the selection process.

    Who Is Behind The Brokerage Site?

    The first and foremost thing before making the selection is to try and answer the above question with as much information as possible. The question is very relevant as the answer to the above question will throw more light on the hidden agenda if any. The hiding promoters should always be avoided.

    What Drives The Website?

    The answer to the above question will provide information regarding the platform which is being used by the website. It should also inform you about the aesthetics of the website and the platform itself. The unprofessional or hard-to-learn platform should be given fewer marks compared to the highly professional and user-friendly trading platform.

    Does It Offer a Demo Account To Test Your Strategies?

    This makes a lot of sense for beginners as well as for the professional trader, as it allows them to test the platform and its usability beforehand. This way the traders can rest assured that whenever he starts using the platform the trading experience will be smooth and comforting.

    What Are The Available Tools for The Trading

    Trading is an art and requires a thorough understanding of the fundamental analysis and the technical analysis. The traders in the binary arena utilize several tools and technical indicators to place their trades. The answer to the above question provides detailed information regarding the available tools for charting, availability of technical indicators, and availability of signals to trade.

    What Is The Extra Features

    The question pertains to the available bonuses of various types including deposit, re-deposit, and/or volume basis bonuses. These bonuses provide an additional amount for the trading and increase your chances of winnings. Though higher bonuses are welcome, low bonuses do not mean bad offerings. You should try to assess the offerings in the totality rather than evaluating the broker only on the basis of the bonuses.

    What Is the Return on Investment?

    As a trader, the trading is being carried out to earn money and hence this parameter is of prime importance. The answer to the above question will give you an idea about how much money you can make by investing $ 100 in a security. The payouts offered by the various broker is an important parameter which forms the basis for the Return On Investment. Higher payouts are welcome but need to scan the broker holistically rather than evaluating only on one single parameter.

    How Do Your Finances Are Being Handled?

    The deposit and the withdrawal process followed by the brokerage website give you an idea on how can you make the deposit and whether the available banking options suits you’re not. Your selection should be based on your preferred finance handling method.

    Expert Option Features

    What Can You Trade and How?

    The available trading choices of assets and option types form the basis to answer the above question. The range of assets (forex pairs, commodities, stocks, and indices) and the number of assets should meet your requirements. Also, the expiry ranges available (60-seconds to 6-months) should be evaluated before enrolling in the website. This is a key question as the non-availability of your choice of asset and expiry range should definitely be avoided.

    Do They Answer to All Your Questions?

    The answer to the above question will provide information regarding the customer support offered by the brokerage house. The robust customer support will assist you on all walk of the trading as well as ongoing support for the future queries you may have. The availability of local phone or local language is the most preferred though not an essential requirement. You should assess the customer support on the basis of your preferred way of communication.

    All the above question should be asked while evaluating the brokerage site. Though the list is not an exhaustive one, the above are the minimum question which one should ask while conducting the assessment. The above questions will help you assess the brokerage house better and should also help you not to fall prey to the scam artists. We would also recommend you to read our review on various brokerage houses to get an unbiased view of the services rendered by these operators.

    Conclusion

    It is expected that brokers in this kind of trade to have shortcomings as none of these brokers have the capacity to put up a perfectly error free outfit. But when the weak points outweigh the strong points by far then there is reason to raise the red flag. When one critically looks at ExpertOption it is very difficult to draw conclusions. This is not a good sign because a good site is supposed to make an instant impact to any new trader but that is not the case with ExpertOption which has some glaring confidence issues. Their trading platform features a robot software that is largely unknown and one that has not been extensively tested.

    It is in this regard that one has to turn to the most popular and widely used software in the industry. The Binary Option Robot software is the most trusted and widely used software in the industry and one that guarantees a trader’s security and safety in terms of their investments and also peace of mind. This robot has received very many positive reviews from experienced as well as novice traders who have placed trust in its capabilities. It is very easy to sign up to the Binary Option Robot because it is free of any charges. It has the capability of providing any willing trader with benefits which are way beyond any other software in the market especially when it comes to limiting your losses on a day on day basis. With its Automatic Stop Loss program, you can never go wrong on any investment decision made. It also give you the chance to choose your own experienced broker among a wide selection of reputable brokers who have passed the rigorous Binary Option Robot’s most respected tests.

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