Make Money Robot Review

With the popularity of binary options trading, there has been an upsurge in the number of  automated binary options robots all intent on capitalizing on the online financial markets. The downside of this upsurge is the fact that quite a good number of robots are not so genuine in their intentions. They are out to clean you off your money. With so many newbies joining the binary options market, the pickings are rich. It is therefore essential that all these new entrants and the older players are studied comprehensively to separate the wheat from the chaff. One of the new entrants is the Make Money Robot.

Make Money Robot

This is one outfit that promotes itself as different from the others in the field. It is also one of the automated binary options signals systems that promise to take away the donkey work from binary options trading by doing for you the analysis and providing you with the ripe signals you need to make money on set pairs of forex assets. This means that as soon as you sign up, you will start trading right away without having to study the market situation and having to spend a lot of time deciding which pairs could yield the most profits in comparison to others.

One thing to note immediately you try to search their website is that it does not rank very highly in the search engine result pages. This means that you have to dig deeper to find what you are looking for. Also, you will notice that there is not much information to go on unless you look for it from multiple sources which can be a drag if you are looking for binary options robots to shortlist or make a deep study of.

In the year 2012, a team that was made up of several people who included people who introduced themselves as Wall Street brokers like Michael Williamson got together and created MakeMoneyRobot.com which become one of the first automated systems in the binary options market. It was created with the intention of making it easier for more people globally to trade binary options without having to sweat it out deciding on what assets to trade in.

One of the things they did was to develop a top notch cloud programming system that can handle more than 15,000 transactions at the same time. The system has since been upgraded numerous times. It is not clear why a program like this one has so little information about it on their website which is not well optimized anyway. A robot worth its salt should be out in the open staking its claim as a premier binary options robot.

Make Money Robot video

Make Money Robot video

How Make Money Robot Works?

As noted above this is another automated market signal system that helps traders to trade easily by providing qualified signals which promise high returns when traded. They claim to have an integrated and for reaching network of sources that provide inside information on which they use to make their signals which are transmitted to individual traders. These signals offer a prediction on the gain or loss of the value of financial assets against others in pairs and a correct trade is what makes money for traders.

Like other binary robots, the traders using this software do not require prior education or knowledge in forex trading to make money. The developers claim that even a person with zero experience can make money as soon as they make a deposit. They promise not to subject their clients with endless boring webinars that some programs ask their clients to take part in. The reason for this as they say is that their program is fully automated and it is not necessary for the client to get involved too much.

This is a little curious. Though traders do not want to be subjected to webinars and promotional videos, they would most certainly want to know more about the program they are entrusting their investments on.

Another picture from the video

Another picture from the video

Making Money on Make Money Robot

Binary robots come in many different versions especially when it comes to trading. At Make Money robot, you do not need a minimum investment amount which is set. Instead, you start trading with what you have, whatever the amount. They claim that the program is free to use for anyone who wants to trade.

As with all the other binary option robots, this one is not left behind in making promises of astronomical profits when you trade with them. Make Money Robot promises traders that, with a touch of a button, they can help you make $1,586 per day and every day. This translates to $47,580 in a month or a whopping $570,960 as your income for the year. This is very generous and many millionaires stand to be made from this program alone. The trouble is that these fanciful figures are grossly exaggerated. There is yet a single trader to come out and declare these figures as valid and attainable. What is true is that none is coming forward anytime soon. These figures are too good to be true and you know what they say you need to do when the deal is too good.

Promises of the minimum percentage of positive trades are common in all binary robots. Make Money Robot has set theirs at 72.5% on accuracy. Their claim of making 75% per trade has yet to be corroborated by any traders so far.

Make Money robot claims that all are invited to trade with this software their location globally and their time zones notwithstanding. The signals they say they will send you are for both currencies and indices. This allows you to make trades across the markets. If you find that the indices are offering better rewards than currencies, you can concentrate on them for a while before switching to currencies or combining both trades to take advantage of good signals from both markets.

While it is true that you can make money with Make Money Robot, it is also true that the money you make is a lot less than the promotion promises. You need to take this into consideration before signing up as there is a very high likelihood of major disappointments and the worse danger of losing your entire investment as has happened to other traders before you.

makemoney main3

The Software

To start making money with this program, you will need to download it and then install it on your device. The software comes free for the first 90 days after registration; this means that you do not need any financial outlay besides the money you need to start trading with. You will need to pay a broker’s fee after that; it is not free for life.

It is easy to install on windows and on Mac though traders using the former have reported difficulties in installing it on their machines. The program developers will help with installation on Macs when contacted. This is a disadvantage to Mac users as every trader wants a program that will not have difficulties installing on their device. There is also the complaint that you cannot use the program across all your devices if you have a computer, tablet and smartphone.

Once you are done with downloading and installing the software, you will wait for the signals to alert you on the best binary option assets that you can trade with. Confirming that you intend to go forth with the trade is all you need to do to start making money.

You can trade with Make Money Robot from many places in the world as the claim goes. It is available in Spanish, Portuguese and Spanish translations. There seem to be a concentration of their trade in South America where the trade in binary options is not regulated, probably due to the newness of the trade in the region. A good question is why a legit company wants to concentrate its operations where regulation or scrutiny is non-existent. There are a number of legit programs like Binary Options Robot that are licensed to operate in Europe and that should be a minimum standard for your safety as long as you are trading in binary options.

make money 4

Make Money Robot claims

What Are Traders Saying About Make Money Robot?

Traders’ reports on Make Money Robot are united on one thing; that the chances of anyone making the kind of money the program promises are too slim. This is with one sweep nullifies the robot as one that makes promises it can’t keep and one is left wondering what else it promises to do that will turn to hot air as well. It has not been proven, but there are traders who are of the opinion that some of the operations with this program have the makings of a scam.

Who is, or are, behind Make Money Robot? Apparently, they are entities not known in the binary options markets well. It is highly unlikely that a person who has developed such an ‘amazing’ program has no other identity on social media, has never given an interview on stock trading and nobody seems to know how s/he can be contacted for any reason, even business related. These shadowy figures are the least likely to come with a legit system. If it were 100% OK, then they should be available to be asked questions and to be held accountable if there is something not adding up on their claims.

From the traders, it is unlikely to be of benefit to beginners for whom they recommend other newbie-friendly programs like Binary Option Robot. For a new firm, it is making it hard for interested people to know more about it other than what they have allowed people to know. If you want to invest your own money somewhere, you will want to have it deposited in a program whose operations and workings are open and transparent. There are places where you do not want to risk your investments, and this is one of those places.

Another promotion from Make Money Robot

Another promotion from Make Money Robot

Deceptive Marketing

Apart from the claim of huge and quick profits that you can earn when trading with Make Money robot, which have been established to be unachievable, there are also other practices that are deceptive in nature.

The introductory video carries a lot of deception in itself. It tells the story of one of the reported creators of Make Money Robot, Michael Williamson who says that he held a regular job and desired to make more out of his life which is what drove him to assemble a team to develop Make Money Robot. The truth is that Wall Street has no records of any stock broker with the same name. This deception is meant to make the program look legitimate and has by now been called out as contrived testament, and the Michael Williamson is a creation of the developers’ imagination.

Claims of Make Money Robot

Claims by Make Money Robot

Conclusion

For people who are looking for genuine and worthwhile binary options robots, and especially beginners in this business, this is one program you would do well to keep away from. From multiple sources of information, you have found out that questions of its legitimacy abound and its creation is shrouded in mystery, why would you want to risk your investments with such a shadowy system?

What you need to do

What you need to do is to find a legitimate binary robot that makes achievable promises and whose operations are above board. You need a robot that will not disappoint you whether you are a trader with years of experience or one who is just learning the ropes in the binary options trade. One program that will not let you down at all is the Binary Option Robot.

Fully licensed and legitimate, Binary Option Robot will help you make profits from your investment in an open and transparent manner. At no time will you feel like you are not sure whether you are in the right place or not. This is because your profits will be consistent, your customer support will be excellent and improvement of your experience at Binary Option Robot is constantly being improved. There are a few things in life that you do not do by chance, and one of them is investments. Always invest in a system where gains are guaranteed such as Binary Option Robot.

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Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.