Value of binary option robot review 2016
So are you conversant with binary options robots? Ever heard of Binary Robot? The Binary Option Robot Website is an automated trading software that sprung to life in summer The software has enjoyed an unexpected meteoric rise thanks to its promise of being different from the other trading software.
The Binary Robot trading tool offers services in over 12 languages and allows users to customize their own settings for optimized gains and real-time trading experience. Moreover, traders can set trading amount, preferred assets for trade, the number of investment, and the expiry date.
There is also the freedom to apply one of their money management strategies which include Martingale, classic, and Fibonacci. Since its emergence Binary Robot Review system has won the heart of many binary traders but one controversy continues to linger. Is Binary Robot a scam? One of the sells for Binary Robot software is its ease of use.
For this reason, the process of getting started is pretty simple and intuitive. Trading with this BinaryRobot software is a breeze and you just select your ideal broker from a drop-down menu, then enter your email address, telephone number, and create a password. Once you are registered and the verification is done you will gain the access to the broker cashier and the robot interface where you will get the chance to fuel your account with either Neteller, Debit Card, or Skrill.
The next step is to turn the robot On to initiate the Auto-trading. The degree of customization accorded by this software is something to marvel at. In its full autopilot format, this software will follow every of your predetermined instruction thereby keeping you in total control over the investments. Trading becomes as easy as the following three steps.
And just in case you want to untangle any complexity related to the robot you will have the opportunity to seek advice from phone support team or via the live chat functionality. This Binary Robot App is absolutely free; no monthly costs nor up-fronts will be charged once you register on this software.
You just sign up on the official website then you will be requested to join one of the associated brokers. Once you fund your account you will be legible to initiate trade without any deduction being made. This has been one cause for concern amongst novice, but the software is offered for free to increase the number of triumphant traders who will eventually refer other traders to join the associated brokers.
By so doing commission is generated from the partnered brokers thereby exempting the charges for the trader and putting the responsibility on the recommended brokers. The software uses three money strategies including Martingale, Fibonacci, and Classic. The robot will place every trade with the fixed amount set by the trader. This strategy is incredibly good for traders with a low-risk appetite, the robot will keep placing with a similar trade amount unless it is adjusted. Under this strategy, Binary Robot system will double the trade amount after every lost trade.
This is a high-risk strategy but it brings high returns. On June 18, , a ban on marketing binary options to customers outside of Israel was passed by the cabinet. In August , Belgium's Financial Services and Markets Authority banned binary options schemes, based on concerns about widespread fraud. No firms are registered in Canada to offer or sell binary options, so no binary options trading is currently allowed. Provincial regulators have proposed a complete ban on all binary options trading include a ban on online advertising for binary options trading sites.
The effect is that binary options platforms operating in Cyprus, where many of the platforms are now based, would have to be CySEC regulated within six months of the date of the announcement. In , CySEC prevailed over the disreputable binary options brokers and communicated intensively with traders in order to prevent the risks of using unregulated financial services.
CySEC also issued a warning against binary option broker PlanetOption at the end of the year and another warning against binary option broker LBinary on January 10, , pointing out that it was not regulated by the Commission and the Commission had not received any notification by any of its counterparts in other European countries to the effect of this firm being a regulated provider.
OptionBravo and ChargeXP were also financially penalized. The AMF stated that it would ban the advertising of certain highly speculative and risky financial contracts to private individuals by electronic means. The French regulator is determined to cooperate with the legal authorities to have illegal websites blocked.
This ban was seen by industry watchers as having an impact on sponsored sports such as European football clubs. In March binary options trading within Israel was banned by the Israel Securities Authority , on the grounds that such trading is essentially gambling and not a form of investment management. The ban was extended to overseas clients as well in October In The Times of Israel ran several articles on binary options fraud.
Israel's vast, amoral binary options scam exposed" revealed that the industry is a scam. The companies were also banned permanently from operating in the United States or selling to U. The CEO and six other employees were charged with fraud, providing unlicensed investment advice, and obstruction of justice. On May 15, , Eliran Saada, the owner of Express Target Marketing , which has operated the binary options companies InsideOption and SecuredOptions, was arrested on suspicion of fraud, false accounting, forgery, extortion , and blackmail.
In August Israeli police superintendent Rafi Biton said that the binary trading industry had "turned into a monster". He told the Israeli Knesset that criminal investigations had begun. They arrested her for wire fraud and conspiracy to commit wire fraud. This required providers to obtain a category 3 Investment Services license and conform to MiFID's minimum capital requirements ; firms could previously operate from the jurisdiction with a valid Lottery and Gaming Authority license.
In April , New Zealand 's Financial Markets Authority FMA announced that all brokers that offer short-term investment instruments that settle within three days are required to obtain a license from the agency. The FCA in did propose bringing binary options under its jurisdiction and restricting them.
The Isle of Man , a self-governing Crown dependency for which the UK is responsible, has issued licenses to companies offering binary options as "games of skill" licensed and regulated under fixed odds betting by the Isle of Man Gambling Supervision Commission GSC. On October 19, , London police [ disambiguation needed ] raided 20 binary options firms in London. Fraud within the market is rife, with many binary options providers using the names of famous and respectable people without their knowledge.
In the United States, the Securities and Exchange Commission approved exchange-traded binary options in On the exchange binary options were called "fixed return options" FROs ; calls were named "finish high" and puts were named "finish low".
To reduce the threat of market manipulation of single stocks, FROs use a "settlement index" defined as a volume-weighted average of trades on the expiration day. Montanaro submitted a patent application for exchange-listed binary options using a volume-weighted settlement index in In Nadex , a U. On June 6, , the U. Commodity Futures Trading Commission CFTC and the Securities and Exchange Commission jointly issued an Investor Alert to warn about fraudulent promotional schemes involving binary options and binary options trading platforms.
The two agencies said that they had received numerous complaints of fraud about binary options trading sites, "including refusal to credit customer accounts or reimburse funds to customers; identity theft ; and manipulation of software to generate losing trades". Other binary options operations were violating requirements to register with regulators. Regulators found the company used a "virtual office" in New York's Trump Tower in pursuit of its scheme, evading a ban on off-exchange binary option contracts.
The company neither admitted nor denied the allegations. In February the Times of Israel reported that the FBI was conducting an active international investigation of binary option fraud, emphasizing its international nature, saying that the agency was "not limited to the USA".
The investigation is not limited to the binary options brokers, but is comprehensive and could include companies that provide services that allow the industry to operate. Credit card issuers will be informed of the fraudulent nature of much of the industry, which could possibly allow victims to receive a chargeback , or refund, of fraudulently obtained money.
On March 13, , the FBI reiterated its warning, declaring that the "perpetrators behind many of the binary options websites, primarily criminals located overseas, are only interested in one thing—taking your money". They also provide a checklist on how to avoid being victimized.
From Wikipedia, the free encyclopedia. External video Simona Weinglass on prosecuting binary options firms , Times of Israel , 3: Retrieved January 26, Journal of Business , Retrieved 17 December Federal Bureau of Investigation. Retrieved February 15, Retrieved March 15, Retrieved March 29, Retrieved March 4, Retrieved 18 May