Exchange Traders Honest Review

Exchange Traders Honest Review: Do you consider yourself to be a savvy investor? Well, if yes, then you’ve probably heard of a new broker called Exchange Traders. This is a newly sophisticated binary trading automated software that was recently launched by financial experts that had vast experience in forex, options and derivatives trading. Their main aim was to help investors get the most out of trading with little effort and least experience. Same agenda as any signal service or robot provider.

The software boasts of an easy to use interface together with a hi-tech algorithmic program that generates a 90% win rate. It is also supposed to come with fully customizable features that make it easy for binary traders to have complete control over their investment.

With such superb features, Exchange Traders should be the ultimate auto-trading system. In order to ascertain this, we tried and tested the system. Does Exchange Traders really have a 90% win rate? Is it really good as the developers portray it to be? Stay tuned as we uncover the truth in our Exchange Traders Honest Review.

Exchange Traders Review

According to the developers, Exchange Traders is a sophisticated algorithmic system that works by:

  • Automatically executing trade on behalf of investors
  • Generating market signals with the aim of executing the best possible trades

The software is web based and is supposed to be easy to use. It’s also supposed to save on time since investors don’t have to study on market trends before handling the software. Exchange Traders claims to have extremely high results that can yield thousands of dollars for investors with little to no effort.

The big problem was that we had a hard time ascertaining whether the information provided was true. Up to date, there has been little review in regards to Exchange Traders. This makes it hard to form a conclusive opinion because of the limited information available.

Features of Exchange Traders

  • The software costs $99 on the first month and $149 thereafter.
  • After signing up and paying initial fee, traders are required to open an account with a broker from Exchange Traders. Normally, other platforms offer trades the option of choosing their own broker but Exchange Traders does not.
  • The payout rate is stated at 92%. This is quite high when compared to other trading systems.
  • Only a limited number of options can be traded though this platform.
  • According to the website, they do offer a few different account options and the cost of the services varies by level.

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How to Get Started

Getting started involves only two steps;

  • Traders need to sign up and open an account with a broker from Exchange Trader. During sign up you will be required to pay a subscription fee.
  • After signing up you can start trading or rather exchange traders will trade for you. All you have to do now, is to wait for the results of the trades

Is Exchange Trader a Scam Software?

Exchange Traders is still a new software in the market and it is hard to conclusively term it as scam. However, there are various aspects that raise suspicion. These include:

High accuracy rate: the software features a 90% success rate. This literally means that if you place ten trades you are likely to lose only one. The 9:1 ratio might be a false presumption as a number of investors have already come up claiming to have lost their money through the platform.

All we know about the Exchange Traders is that it features an innovative algorithmic system that generates a 90% win rate. Nothing is mentioned about the signals used or the strategies employed to arrive at the stated 90% win rate.

Exchange Traders Main Page

Questionable Testimonials: Normally, testimonials act as a positive indicator. However, the stories and comments presented by Exchange Traders seem somehow suspect. We couldn’t tell whether they were real or not. According to the developers, the platform features a growing social media interest. There are also a few positive blog reviews and success stories from the web. At a glance, it seems like Exchange Traders is well endorsed.

But if this was really true, why would traders complain about losing money through the platform. This raises the question whether the platform paid a number of bloggers to paint the software as being legitimate.

Exchange Traders Approved Brokers: It is a requirement to open up an account with brokers approved by Exchange Traders only. In a normal scenario, an investor is supposed to choose a broker of choice. The listed brokers on Exchange Traders are not familiar. This is an aspect that further raises questions.

No Regulatory Information Provided: We’re not sure whether the platform is regulated or not as such information has not been provided. Does Exchange Traders have a license? Which regulatory body controls the activities of this trading software? Without such information it is safe to assume that Exchange Traders does not operate under the stipulated rules that protect the interests of traders.

Limitations of Exchange Traders Software

Lack of high frequency trading: speed is an important aspect when it comes to trading options. A delay of seconds can make a trade to take the opposite direction. Exchange Traders lacks the necessary execution programs needed in generating high speed signals. There is no mention of any co-location service platforms or individual data feeds that work to minimize different types of latency.

No incorporation of liquidity provision applications: liquidity applications allow traders to profit from small spreads while entering and exiting trade positions.

The software does not feature statistical arbitrage tools: basically these are programs that search inefficiencies in asset pricing and further look for ways of exploiting these inefficiencies.

Exchange Traders testimonials

Is Exchange Traders Software Ideal for Potential Investors?

When we screened the viability of the software, only one benefit came to mind; the software is quite easy to learn and use. However this does not provide enough grounds on why potential investors should adopt the software.

As much as the software is quite easy to use, it might not be ideal for investors looking to further their career in options trading. The software lacks the necessary support system needed in helping potential traders learn more about options trading. For example, there is no provision of a demo account. A demo account allows investors to practice trading with virtual money.

 

Final Verdict

Let’s revisit our big questions: Is Exchange Traders a scam or a reliable trading system? Can investors entrust their money with the platform? As much as the website looks legitimate, there is not much information presented on how the robot works. The only notable things is just a homepage and a short video presentation that introduces the software.

When it comes to loss claims, we admit that the presence of scams in the market is to blame for most of the (suspicious) losses made by investors. However, it is important to note that there could be a bunch of other things that result to loss of investment. This could be lack of experience, greed and poor money management. Therefore on the basis of statements made by investors who’ve lost money through the software, we cannot conclusively term Exchange Traders as scam. But there is room for suspicion.

Generally, Exchange Traders might be a genuine software for trading options. If the software gets close to the 90% accuracy as it claims, then it could be profitable. However there are too many unanswered issues concerning the software. For this reason, we would not recommend it. After making an extensive research, our team of experts concluded that there are better trading bots out there.

Options trading is a lucrative initiative. If new traders approach binary investment with caution; they can actually accrue reasonable amounts of profits. This can only be achieved through identifying a legitimate trading software. New binary traders can also register with a free trading account before actually diving into the venture. We would also urge our readers to constantly check our reviews on a regular basis as this will prevent them from signing up for bogus services.

If you’re looking for a reliable trading software, we would highly recommend the Option Robot. This is one of the few leading providers of authentic trading signals. It offers a trading experience like no other. Over the years, it has managed to build a reputation for being the best auto-trading software. What’s more is that the software has been tried and tested by real users. It has also won a number of awards like “Best Auto-trading Software 2016.” It gets even better as Option Robot comes with a bankroll of management systems which regulate and control the level of risk within an investment. These are Classic system, Martingale system and Fibonacci system. We also loved the fact that Option Robot maintains a high level of transparency. With an FAQ section, traders have a huge database containing all the information they’ll ever need.

For us to recommend a software, it has to display the highest level of success. That is exactly what Option Robot is all about, there’s no hyped sales pitch, no false testimonials. Just a simple trading software that delivers results.

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Author: 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.