BinaBot – Is This A Binary Options Program That Works?

BinaBot

BinaBot Review

Name: BinaBot (Also BinaBot 2)

Website: binabot.net or binabot.org

Price: Free to join, with minimum $250 initial deposit

Owner: Troy Everett

Scammers know that everyone wants to make a quick buck, and that is why so many people fall for scams. They say they have found the “secret” to making money online, but if it was a secret then they wouldn’t tell you because people are greedy. They want to believe you can make money fast and easy, however making money is never going to be fast and easy unless you win the lottery. There are many common scam tactics that these scammers use to persuade you, and you should know what they are!

BinaBot 2 is the most recent version, so here I will give you a thorough review of BinaBot 2, and let you know if it is a legit way to make money or if it is a scam.

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What Is BinaBot 2?

First of all, it is important for you to know that BinaBot and Binadroid are two BinaBot videodifferent companies (they are actually competitors).

BinaBot 2 is an application designed for binary options trading. They claim to have 98% precision accuracy, which means you will win the trades 98% of the time. Who wouldn’t want to trade with that amount of accuracy? The question is, is this actually attainable?

With BinaBot 2 Troy claims to have cracked a secret code for binary options trading. When you trade in binary options you are essentially gambling your money. If they cannot find a way to accurately predict what numbers the dice will land on when you play Craps, how can they predict binary trading?

Pros and Cons of BinaBot 2

Pros

  • High precision accuracy (if correct)
  • Very experienced traders could benefit
  • Can make trades automatically

Cons

  • Automatic trades can make you lose your money faster
  • They have some fake actors
  • There are MANY negative reviews online
  • They have borrowed a lot from their more successful competitor Binadroid (their design, interface, etc.)
  • It is not free to try

How Does BinaBot 2 Work?BinaBot 2

BinaBot 2 runs on an Android platform and claims to be able to predict changes in the market based on the customers’ behavior patterns. It then uses this information to calculate possible outcomes based on past performance and calculated risks.

Is it A Scam?

When BinaBot 2 was launched, Troy Everett was a different person. He admitted that in the first BinaBot video, an actor pretended to be him. If that is true then how do we know that this Troy is the REAL Troy? Why would they have used a paid actor before if it was a legit application?

Nothing has proven that their system actually works, or that their risk assessment is accurate. They have shown zero evidence that BinaBot 2 is actually making profits. After you sign up, all you can do is hope that it works. I don’t know about you, but I don’t want to risk my money on something I’m not sure will work.

Below is a picture of some of their Risk Disclaimer. If they have 98% accuracy, then shouldn’t they guarantee you will win your trades. I mean that is basically what they are saying in the video. So why does their disclaimer contradict them?

BinaBot disclaimer

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How Much Does BinaBot 2 Cost?

It is free to join BinaBot 2, however you have to make a deposit in order to start trading. They do not tell you upfront, but you will have to deposit a minimum of $250 into your account in order to start trading and making money.

You make your deposit to an unregistered broker (never a good idea), and Troy (along with his team) make a commission off the money you deposit. Every time someone makes a deposit, they make a commission. After they make their commission, they could care less if you make money or not. There are many scams that do this (Quantum Code, The Cobalt Code, Mobile Binary Code, etc.). It is sad because by the time people realize it’s a scam, they can’t get their money back.

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Support

There are a lot of reviews online that claim they have been BinaBot supportscammed by BinaBot and lost their money. Many people have also had trouble withdrawing funds. If they perform so well then why are there so many negative reviews?

Their support does not help you like they say they will. They are available 24/7, but if you have a question you have to email them and they hardly ever respond. If they do, they just float around the question without giving a straight answer.

Final Thought

BinaBot and BinaBot 2 use a lot of common scam tactics to try and lure you in to their program. Many companies claim they can make you a lot of money in a small amount of time, but making money (especially online) takes hard work and dedication. You have to understand the risks you are taking before you jump into a program like this. Do your research! I believe BinaBot is a scam, and that you should not invest in this system. You would just be gambling your money away.

If you are a very experienced trader you may like this application because of how you can change your bids, but beginners will not benefit from this application!

Verdict
Scam

If you have any questions or have had experience with BinaBot or BinaBot 2, please leave a comment below!

Your Friend

Karissa

This article has 2 Comments

  1. Karissa,
    Hello, my name is Jeffrey. I was hasty in jumping right into the marketing. I should know better but I didn’t even have the skill to download the $97 software. I mean Install, it is in there somewhere. I am happy to meet you. I already called my bank and I can get my money back. You say you have a site too? I am a little less upset since you identified a few real uses for the software. I am actually starting an investing business soon and do you think this is the way to market it? I am hoping to talk to you again. It is nice to see someone helping and exposing the scammers. I attend Ohio Christian University and all this has wasted my day. I have until midnight to post 3 assignments after I read Chapter 14. I am not sure what to do but I must be getting back to my assignment. If you want to talk, I have a secure Email for school. jellis3@ohiochristian.edu Maybe the techs there will know how to install it. My file explorer is such a mess I have files covering the entire desktop I think you call it. Not quite accustomed to the twenty-first century.
    Have a pleasant evening.

    1. Hello Jeffrey,

      I would be glad to help you. I have a couple websites myself through Wealthy Affiliate. It is the best place to start building your online business, and I think it would really help you. I’ll email you when I get a chance, but you can join Wealthy Affiliate for free and I can help you on the inside while you set up your business. I look forward to speaking with you again soon!

      – Karissa

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