Trusted Binary Bot Review
The promotional video on the website suggests that the Trusted Binary Bot has been developed and owned by Alfred, Peter, and Sam. The website of the software does not provide any more information about the organization behind the bot. Also, the promotional video does not give any information except the first names of the developers. The lack of transparency about the organization and developer is the first red flag for us because we firmly believe that a genuine developers and organization doesn’t need to hide any information from would be customers.
Also, the terms and conditions on the website does not go well with the claims made in the promotional video. When you click on the contact button on the website it directs the visitors to google map showing all the states of the United States whereas it should indicate the real address of the organization’s contactable physical address. The hiding nature of the website has raise several questions in our minds and to get a resolute answer to them we further investigated the website.
Trusted Binary Bot
As indicated earlier, the software provides automated trading software which can be attached to their affiliated binary brokers to trade. The software spots the trends in a variety of assets of the financial markets. The developers of the software believe in trend spotting and then initiating a trend based trade before everyone else enters in the market. Meaning, as you are the first to initiate the trade in the trends, you are likely to make most of the profit.
The several claims made by the authors in their video presentations are inconsistent in nature. Peter indicates that the manual operations by the big league boys of wall street will be taken away by the software, but in reality, the smart traders on the wall street uses High Frequency Trading platforms which are capable of placing orders at a lightning speed and automated. The Trusted Binary Bot only spots the trends which makes it prone to error as it does not consider the events which can fluctuate the prices of an asset and its volatility.
The website also claims that the customer can make $ 1625 in less than an hour of enrolling. This claim is not backed by any data or figures on the website. Also, the promotional video shows several things but the face of the owners, which creates several doubts like is he hiding his face to evade the law? The question remains unanswered throughout the video and our investigation.
The website indicates that the software is available at no cost, though it requires you to make a minimum deposit of $ 250 to initiate the real account trading. The website also provides demo account to get the feel of the software. This also being countered in their FAQ wherein the website indicates that the demo account uses simulated environment during market off hours. This is also negative as we cannot be sure whether the software provides real-time feed during the market hours or the simulated ones. The website of the Trusted Binary Bot is available in 20 other languages besides the English language. Though this is a positive for the company, the lack of customer support in regional languages and only e-mail support adds to negatives. The review of the Trusted Binary Bot has created several doubts and which has remained unanswered. Our doubts have been explained in the text below.
Who is the owner?
Although, the promotional video indicates that Peter is one of the developers of the software. The promotional video does not show the face of Peter nor it provides the full name of the developer. which induces a doubt. Also, the website neither provide information regarding the physical address of the company nor about the registration of the company. The complete lack of information regarding the developer, the organization, and the registration details seems scrupulous.
The speaker in the promotional video indicates that he is a computer engineer and have worked with big names like Google and Facebook. He also goes on to inform that he has been a successful wall street trader and even his father has been successful trader. However, our investigation regarding his claim has returned zero results. We know that many such players use the name of the wall street to substantiate their claims. The wall street stories are floated to gain the trust of the unsuspecting traders and lure them into their software.