TradeBotPlus is a binary robot that helps place trades automatically. This software claims to be profitable, Does it really work? We decided to review its claims to see if its yet another scam.
Table of Contents
Owners of Trade Bot plus
The owners of Trade Bot Plus chooses to remain anonymous. We were not giving any details about this person or people behind this software. Of course we know that that is not a good sign to start with. Giving out the real identity will enable people find out if the owner has a good reputation or not.
Their strategies
A source of worry about this software is that its demo account does not truly reveal the true result you get when you decide to create an account with them. How do i mean? the demo account is shown to always win all trade because those trades are not placed on real markets, they are just simulations, but this is not true about the real trading where the live market is involved. It loses in real trade. This is highly misleading, its a ploy to make you believe you can actually make huge profits with it.
One thing is common among most similar softwares like it. They claim that their software uses strategies like fibonacci, martingale and so on, but they fail to tell us how these strategy works that will enable them make huge profit as they claim.
The truth here remains that they are trying to trick traders into using their software knowing fully well that you will end up losing trades. They achieve this by referring traders to their unregulated broker. Once these traders register and have been linked to this broker, he or she is required to make an initial deposit into the broker’s account in order to start trading. As soon as the deposit is made, it is shared between them and their affiliated brokers and the sad news here is that you can no longer recover your money because the trades it would place would deplete it all.
Review Verdict
TradeBotPlus is not Trusted
Conclusion
We don’t recommend the Trade Bot Plus software because we cannot vouch for it.
Trading binary options could be very profitable, only if you use legitimate softwares and tools. Run away from scams, they will lose your investments and leave you devastated. Only use systems recommended by our team of professionals.
Thanks for reading our review of the TradeBotPlus. Stay safe! Fight scammers!
