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Binary Robot 365 is a trading robot that claims to help investors make thousands of dollars in profits per day trading binary options. The platform was founded in 2016 by an unknown person. But is Binary Robot 365 a scam or legit trading bot? InsideBitcoins has been looking for answers and can confirm that this robot is a scam.
Our investigation reveals that Binary Robot 365 partners with scam brokers to defraud unsuspecting investors. Keep reading to learn more about this robot or learn about our top picks for the best trading robots in 2019.
Is Binary Robot 365 a Scam? Yes!
Binary Robot 365 is a scam trading bot claiming to offer automated binary trading. InsideBitcoins investigation reveals that this platform goal is to lure investors to depositing money with scam brokers. These brokers are unregulated and operate offshore and can therefore not be traced.
An analysis of feedback from traders who have tried this robot reveals that most people lose their deposit within minutes of live trading. Binary Robot 365 does not refund deposits to traders who opt out before live trading.
We have also determined that this platform is involved in aggressive marketing techniques in a bid to get more deposits. The scammers behind the platform pay affiliate marketers a whopping $300 for every deposit made through them. It is a no brainer that the money paid to the affiliate comes from the deposit.
Also worth noting, most of the information presented on their website is false. The testimonials on their website appear to be false. An image reverse search of some of the reviewers’ profile pics indicates that most have been downloaded from the internet.
What is Binary Robot 365?
Binary Robot 365 is a scam trading robot that tricks traders into signing up with sham offshore brokers. This trading bot claims to help investors generate up to $9000 per day with an investment of as little as $500.
InsideBitcoins investigation has determined that you stand no chance of making any money with this robot. Their platform wipes out deposits within minutes of live trading. Once you deposit money with them, consider it as lost since they won’t even allow you to withdraw it back.
Binary Robot 365 claims to have a win rate of over 90%. Our investigation shows that no one has ever made money with this robot. There is a high likelihood that the platform is nothing but a well-built front end meant to convince investors that there are underlying technologies. The front end connects users to scam brokers and keeps them engaged as their money is siphoned.
It is important to note that binary trading in itself is legit. There are also legitimate trading robots dedicated to this market, but Binary Robot 365 is not one of them. Trading robots rely on computer algorithms to analyze tradeable data and make decisions. Read our review of News-Spy to learn more about legit trading algorithms.
Who founded Binary Robot 365?
Like most scam robots, Binary Robot 365 does not reveal information about its founder. The only thing they mention is that he is an experienced trader who has made billions from binary options. There is also no information about the founding team.
Our investigation reveals that Binary Robot 365 does not have any legit trading technology. We conclude that it is just a webpage meant to trick investors into depositing money with scammers. Perhaps this is the reason as to why the people behind the platform are not willing to reveal true identities.
Further investigation shows that their customer service is untraceable and mostly unavailable. The only communication channel available is email. InsideBitcoins has determined that they only answer emails when the subject is how to make a deposit. You are likely not to hear from them once you make a deposit.
Also, there is no phone number through which the customer service can be traced. The partner brokers are also untraceable. Legit trading robots operate in full transparency providing all details through which clients can trace them through.
While some may not disclose about the founder, they are likely to present a team that can be held accountable in the event of a dispute. With Binary Robot 365, there is no one to be held accountable.
Why Binary Robot 365 is a scam
Binary Robot 365 has all the characteristics of a scam trading platform. Here are some of the reasons you should not register with this robot.
- Poor reputation – There are many complaints about people losing money with this platform. If you opt to use this robot, your deposit is likely to be wiped out within a few minutes of live trading. There are also complaints about this robot not allowing users to withdraw their capital.
- False information – InsideBitcoins investigation reveals that most of the information on the Binary Robot 365 website is false. The testimonials are also faked, and the images used are downloaded from the internet.
- Lack of transparency – Binary Robot 365 does not reveal the identity of its founder and the supporting team. They also do not provide any information through which they can be traced and held accountable.
- Poor customer service – Our investigation reveals that Binary Robot 365 customer service is almost inexistent. They only provide email as the only channel of communication and do not respond to any question if it does not relate to making deposits.
- No withdrawals – InsideBitcoins has determined that Binary Robot 365 does not allow any withdrawals. You won’t make any money with this robot, and they won’t let you withdraw your capital.
Binary Robot 365 Signup, Deposit, and Trade Process
Can I make money with Binary Robot 365?
Binary Robot 365 is a scam, and you stand no chance of making any money with it. As mentioned previously, there are many complaints about people losing money with this robot.
InsideBitcoins tests show that this bot does not have a legit trading algorithm. Additionally, there is a high likelihood that the web-trader will wipe out your account in a few minutes of live trading.
Furthermore, Binary Robot 365 does not allow users to withdraw their trading capital if they opt out before live trading. You won’t make any money with this robot so technically speaking this robot does allow any withdrawals.
Binary Robot 365 Review: The Verdict!
Binary Robot 365 is a scam trading robot. InsideBitcoins investigation reveals that this trading robot does not have a legit trading algorithm. What they present is just but a web page to trick you into signing up with scam brokers.
Moreover, the information and testimonials on their website are false. Our investigation shows that some of the photos used in the testimonies are from stock sites.
We recommend that you try the alternative robots presented in this review if you are looking for a legit trading robot. The recommended robots have passed our rigorous tests and are therefore safe to try.