We have every reason to believe that BinaryXTrader is a Scam !!. It appears that this trading app was released around mid 2015. The time it entered the market, there was plenty of proof against this fake Binary X Trader system. We decided to review this app, because we have received mails from our clients demanding update information about this trading system. We can say without hesitation that BinaryXTrader.com is a scam. It is a mere waste of time and your money for you to test it.
We believed this because there are some questionable things about this auto-trading app that is not clear to us. The Binary X Trader creators claimed that it offers 60 days period of free use, but a check indicated that the Auto trading robot was registered around March 16, 2015. It is surprising that the system is still offered it free more than eight months of its existence. This is a sign that it is a scam.In any case, if you believe that you will get BinaryXTrader tool is free, you are wasting your time because they are demanding that you spend at least $250 before you can use it. This is an amount you are going to lose, because it will never yield you any income.
The most annoying thing about the BinaryXTrader method is that you cannot choose your own broker, which is registered and regulated; rather you would be redirected to brokers of their choice. The broker of their choice is neither registered nor regulated. The implication of this is that your money is gone.Moreover, you will discover many misleading information in the Binary X Trader website. For instance, you would notice the claim that they do not need a credit card, yet you would require credit card to fund your broker account. Another annoying thing is the obvious contradiction between the website and Binary X Trader video narration. One had expected that since they decided to re promote their system, they should have upgraded the video narration as well. All these are clear evidences that you are dealing with a fraudulent website.
Why BinaryXTrader Autotrading Robot is Scam !!
If you review further, you are going to observe several other red flags that are signs of a scam. For instance, the founder of the BinaryXTrader system is Jeff Foxworth. There is a doubt as to whether the name is actual or real. There is no information about him anywhere. He does not even have an account with any of the social media websites. A Google search did not produce any useful information linking him to the binary options market. It is suggested that the name could be Jeff Gold, but nobody is sure of anything.
The BinaryXTrader Website Shows Fake Earnings Screenshots
When you review the BinaryXTrader.com website, the poor work done would be obvious. Screenshots shown in the video and websites are all fabricated. It appears that these do not emanate from people with real trading experience.The Binary X Trader App presenters claimed that users can generate $13,000 to $15,000 every week by using this trading app. This claim is not only unrealistic but also absurd. Irrespective of any initial investment, you are not going to make that huge sums of money. In any case, there is no evidence to support that claims because all the claims are not verifiable. They intend to forget that two important things play a significant part of the money you earn from this trade. The first is your initial deposit or your trading capital, and the second is the way you manage that investment. It forgets that you are dealing with a volatile market that is risk intensive. Nobody should be deceived by such an absurd claim.
Another thing that made us believe that the presenters do not know what they were doing.The claims that the BinaryXTrader Software makes money for you 24/7. This clearly shows that they are ignorant of the market. They should have known that the market is always quiet on Saturdays and Sundays. This means that no trade occurs on these two days. Since they did not know this, they are actually non-traders and are not qualified to deceive us with these tissues of lies.
Fake Binary X Trader System Reviews and Testimonials
Have you taken time to check some of those Binary X Trader Robot’s testimonials they presented. You will easily discover that they presented fake testimonials. Look at the Alfred Thompson. You will see that his photo has appeared at least three other places on the internet, and he is not in any way connected to the options market trading. It is obvious that the creators relied on fake actors to deceive us to use the system. This sufficient to convince you that you are dealing with a scam Auto trader.It claims that the BinaryXTrader system was developed by financial analysts to generate trading signals. We have two issues with this , The first is that it has failed to tell us how they use the technical analysis as well as the algorithm they used. Anybody can write anything and say that it is based on technical analysis. We need more information about the technical analysis. Secondly, it fails to take into account that this market is not determined by the technical analysis alone. Fundamental analysis is as important as the technical analysis. If the developers were actually binary options traders, they would have known this. This portrays it a scam.
It is apparent that BinaryXTrader software is a scam. It cannot be trusted. There are several Auto trader’s that can help you make money, we have reviewed them here.Always check our scam software page before you sign up with any systems. For best performing signals providers see our trusted binary options signals providers page.Share your Feedback about this fake Binary X Trader robot below.