How iBinaryRobot Trading System Works?
Now that we have already presented the review of this trading system being a big fraud and scam in the name of the binary options trading system, let us provide you with some more insight into the fraudulent functioning of the trading software. As per the claims of the software, this trading system usually works by making use of the combination of the binary trading signals and the various trading styles to generate the desired results. The software works upon by the execution of the trades directly to a linked broker who would then do the relevant trading for the traders. The iBinaryRobot trading software claims that it is an auto-trading system and will do the trading for the traders on an automatic basis. Until this claim, it is quite understandable that the functioning of this trading system is quite similar and relevant to the other binary options trading systems or portals as well.
iBinary Robot Steps
However, there is no clear definition about what exact combination of the trading styles and the binary trading signals the software is trying to make. It is also quite unclear about the methods it will be implementing or making use of to generate the desired rate of profit or returns for the investors. There is also no presence of any possible testing system on the operation of the particular trading system. There is no way by which it can be revealed about the exact figure of the profitability of the overall trading system. To exactly test this trading software on the real trading market, the traders would actually be needed to invest the money. Now, that is quite a big risk to be taken owing to the big amount of volatility and uncertainty about this trading software.
This trading software has an option for a demo account wherein the traders are provided as much as 1000 US Dollars. However, there are more such proof or reason for why even this demo account cannot be trusted to invest the money in this portal.
Disturbing Facts about iBinaryRobot Trading System
There are several instances of the fake claims with respect to this binary trading system for the investment of the money that is claimed to be 100 percent safe and secure. This is quite a big lie. Once you would visit the official site of the ibinaryrobot.com, you can go to the section of the “terms and conditions”. Under this you would come across the section of the Demo that claims that there is the provision of the “free play” demo account. With this special feature, the main purpose of the trading software is for demonstrating the functionality of the trading software in a scenario of the high success rate even under the simulate conditions of the binary trading market. The software claims that the actual results of the binary trading by the traders for some real money might differ and fluctuate that would depend on the fluctuations in the market conditions. As a result of this, the results of the binary trading with the portal might also vary when trading in the live markets.
This implies the fact that when you would use the free demo account functionality of the iBinaryRobot trading system that claims to generate as much as 1000 US dollars amount on a daily basis, there is no guarantee of the exact results even after proper investment. The results of your trading would be based on the simulated markets and not on the real market conditions. There could be no better proof than this point in terms of the fraudulent activities that are carried out by the trading system.
iBinary Robot Strategies
When you would visit the Demo Mode of this software, you can observe several winnings after winnings of the trades. However, this is a great trick to allure the traders in investing their money into this trading portal. This would make the traders believe that they can earn great amounts of profits by depositing their hard-earned money into this portal and by trading with real money. However, this would result in risking your money at the disposal of losing them all. This is exactly how this mode of scam in the binary trading system works.
Even More Alarming Things
Another great proof of the fraudulent and illegal functioning of this trading system is when you would visit the Broker Terms and Conditions of the official site. Once you would go through the same, it reads as that while registering with “Automated.fm”, you are agreeing to the terms and conditions of each broker that you are joining. It then becomes the sole responsibility for reading and understanding the terms and conditions of their functioning. The trading system claims to be providing only the free trading software for the purpose of depositing the money into this portal. The deposits that are made are used for doing the trades are held with the broker and the terms and conditions of individual brokers are applicable to the traders. This is another great indication to the big scam that is run by the trading portal.
iBinary Robot Trading
In addition to this, there is no evidence of the terms and conditions of the brokers on the official web page of the trading software. Then how can the traders agree to the terms and conditions that are not even available. This indicates pure scam procedure of the trading software.