Fxbinarybot.com Review: this is the website of a Forex Expert Advisor or EA developer team and they claim to be the brains behind FX Binary Bot. Is buying this EA worth it? Read our review to see what experts have to say about the Forex trading software.
What Are Forex EAs, Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.
It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
FX Binary Bot Review
When we accessed the EA’s website, Fxbinarybot.com, we found that FX Binary Bot claims to be able to achieve 90% win rate. It further claims to be a ‘trading life changer’ that will boost your binary and Forex trading experience.
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Also, the vendor boasts of having over 10 years of trading experience and making trading software as well. But we are not told where they operate from. We do not appreciate this sort of anonymity when it comes to Forex trading. Now, let us take a look at how FX Binary Bot works.
How FX Binary Bot Works
FX Binary Bot appears to be more of a trading signal provider than a Forex robot. Its page says that it provides ‘suggestions’ for traders. It does not tell us how they come up with these suggestions, instead, we are only told that it comes from a team of successful and experienced traders.
When it comes to the type of strategy that the FXBinaryBot uses, we are left with an ebook full of them. The vendor only says on the website that the robot uses many technical indicators. We appreciate it when vendors can provide details on how their products work.
This will mean that the product really works and is not just a fraud or scam. Legit Forex robot or EA vendors do not fail to provide strategy details that their robots use.
FX Binary Bot Price
To buy FX Binary Bot, you will have to part with about $49.99. The vendor claims that the original price of the FXBinaryBot was $575 but it has slashed the price to make it more affordable.
We found no money-back guarantee and this means that if you buy the robot and it doesn’t work, you have no means of returning it. The vendor supports payments through Payoneer.
As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.
We found that FX Binary Bot does not have customer reviews available on any third-party website. Likely, this is because FXBinaryBot is still new. But, it also does not provide trading results from a live account.
This is discouraging as it shows that the trader really has no proof of how the robot fares in the Forex market.
To get in touch with the vendor and find out more about the EA and other products; you can use the following means. Facebook: https://www.facebook.com/TradeWinnerPro/ WhatsApp: +8801748447520 Telegram: https://t.me/FxBinaryRobo
While FX Binary Bot does tick some of the boxes of a legit Forex trading EA it doesn’t tick some. The fact that it also doesn’t provide trading results is also a red flag for us. Thus, we cannot recommend that you go ahead to purchase this robot.
- Affordable pricing
- Good customer support
- No trading results
- No strategy insight
- No money-back guarantee
- Unknown vendor