Fox Binary Signals Customer Service
They are providing a 24/7 customer support for users having problems with their application. You can also use this service to ask them questions about their services. The Customer Support service is available for all Fox Binary Signals Plan.
Fox Binary Signals Pros and Cons
1.Compatible with MetaTrader 4
Fox Binary Signals is really trying to upgrade their trustworthiness and credibility level by utilizing the MetaTrader 4. This is a plus because MetaTrader 4 is a reliable Forex trading system. However, there are also some negative issues with MT4, which we will tackle on the Cons section.
2.Success Rate of 85%
Having a success rate of 85% is obviously a good sign. There are other binary options trading software that claim to deliver 97% success rate, which is too unbelievable for experienced traders. This 85% success rate may look good, but there are traders who still say that this is too high and impossible to maintain for a long period of time. Fox Binary Options may be using a highly sophisticated algorithm to come up with an 85% success rate. The company needs to be transparent regarding this issue and show us proof that this number can be maintained with very few losses.
3.Use Your Own Existing Account – Autotrading System
The system allows you to utilize your own existing account. This means that you don’t have to register and choose a new broker. However, your current account must be based on the MetaTrader 4. You only have to setup the system by using the web platform for Binary.com or Expert Advisor for MetaTrader 4 compatible brokers. Their Autotrading system allows all their operation to be copied instantly to your broker.
Fox Binary Signals is web-based, which means that you don’t have to download any applications to your desktop or laptop. All you have to do is get an account and you can already start using their system. This process is faster and more efficient.
5.Provide Daily Signals
It is guaranteed that their system can provide 25 to 40 high probability signals within one month. With daily signals, users can have more opportunities to earn money. They also claim that their system can provide 5 to 7 medium probability signals per day.
You can receive instant signal notification with their iOS or Android mobile app. You can download their app on Google Play and Apple App Store. With the mobile app, you can trade on your smartphone or tablet and never miss any new signals.
Fox Binary Signals claim to achieve its 85% success rate because of this Reentry Trade feature. In every opportunity, they always place a first trade. If the opportunity is lost, they can place a reentry. However, only one reentry is allowed for each signal.
Fox Binary Signals Statistics
1.Company Behind Fox Binary Signals Remain a Secret
It is difficult to invest on a binary options trading platform if the people behind the software is unknown. The credibility of the Fox Binary Signals becomes questionable because you don’t have any background information about the people who created this system. The company name and the people behind this service still remains a secret until now. If you visit their website, you wouldn’t find any information about their company.
We’ve mentioned MT4 as a positive feature for Fox Binary Signals, but it also has its downside. Even though MT4 is a credible trading system, there are very few reputable brokers today that deals with MetaTrader 4. Also, by utilizing MT4, it limits the user’s capability of registering a live account with a professional broker who offers safer conditions for making transfers. Just remember, if the broker is not reliable, it will be difficult for you to succeed in binary options trading.
3.It is Not Cheap
The most basic plan is already €40 per month. Their most expensive Plan has a monthly fee of €159 per month. For most traders in binary options trading, this amount of money is not cheap. Investing money here can be very risky since there really is no absolute proof that their high probability signals can deliver big profits. They also mentioned in their Risk Disclosure statement that they don’t retain any responsibility for any losses as a result of using their services. So joining Fox Binary Signals is still a big risk.
4.Join a Suggested Broker
When you create an account, you have to be willing to join their suggested broker and add a deposit to your trading account. Once again, you don’t have much choice in getting a reliable broker. It is better to make your own research to find out if the suggested brokers are legitimate and reliable.
5.Claims of High Success Rates and Accuracy
With an 85% accuracy rate and success rate, every user should be very happy by now. However, you can still find negative comments, testimonials and reviews about their system and how some users were not able to earn profits. Some traders were able to earn a little bit of profit but it wasn’t as big as what originally promised in their website. You have to put a lot of time and effort before you can make any profit with their system.