Sign Binary Review
A document on the website of the SignBinary suggests that it is owned by the Lionsman Capital Markets Limited. Our further investigation on the Lionsman Capital Markets Limited unearthed that the Lionsman does have a valid license from the CySEC (Cyprus Securities & Exchange Commission).
Though the Sign Binary claims that their parent company is the Lionsman, the research on the company indicates otherwise. This has induced our suspicion about the Sign Binary and it seems that the real promoters of the Sign Binary are hiding behind the known name or the Lionsman is using the Sign Binary as the vehicle to acquire new customers. To get the better understanding of the signal service provider, we continued with our investigation.
The binary signal service provider generates signals which are 1000 times faster and provides the alerts to their registered users at lightning speed ensuring that their registered user places their trades before everyone else. Though this sound very promising, the website does not provide any information on how these signals are being generated and what are the principles on which it is operating.
The Sign Binary also claims that they have more than 20,000 active users who are using their services and have provided reviews of some of them on the site. If you have read our reviews of earlier imposters, you would understand that probably the images used on the site and reviews posted on the sites are unreliable.
The Sign Binary also offers a demo or free account with $ 500 to test the signal service with a condition that it is valid for only 7 days. After the exhaustion of free period, the website offers you either free or paid signal service again with a condition that with the free service maximum gains which can be generated is % 7,000 only. Such marketing tactics are used to lure the investors into their pro version and grab as much money as possible from the susceptible traders. We have also read reviews wherein individuals have explained that while using the demo account the trader has been on winning streak but as soon as they converted into real money account, surprisingly, they winning percentage has declined considerably. The demo or free account can easily be manipulated to provide 100 percent winning trades but when it comes to real money account the winning ratio starts to decline. Hence, it is advisable not to take the results of the demo account at its face value.
The Sign Binary is available free of cost for a limited period to select customers. This is also another technique used by such imposters wherein they try to create emotional pressure by claiming unreal winning ratio and unbelievable success rate which will expire soon if you do not grab the opportunity now. Our request to readers is not to fall for such prey as there is no scheme in the world which can make you a millionaire overnight. The extraordinary claims on the website have made us more suspicious about the company and their dealings. Our major concerns about the website have been outlined hereunder.