Binary Option Robot is a SCAM!

By | November 4, 2015

Today my goal is to expose the Binary Option Robot SCAM, hoping to balance out fake review sites that are endorsing this misleading service! In fact, there are two services, one is BinaryoptionRobot.com and the other scam is the Binary-Option-Robot.com and I have feedback from actual members with evidence, indicating that both binary options signals providers are worthless.  Forget about all the grammar issues with the second version of the Binary Option Robot, let’s get straight to some of the feedback, and real snapshots that marketers are hiding from you. Let’s start with the BinaryoptionRobot.com

Evidence of poor ITM performance!

binaryoptionrobot

Paul Kiddle, an ex-member of the service sent me an email and a snapshot from his account, he gave up fairly quick. “Hi Michael, I tried BinaryOptionRobot for a while, it made a small profit for the first couple of weeks but after that it started losing; I’ve attached a screenshot of the last trades before I deactivated it. There are 50 results per page this page has just 19 out of 50 ITM. These trades are made by supposed “Expert Traders”!”

Another member of the BinaryoptionRobot.com scam who fell for the first review he saw, endorsing this bogus service, posted the following comment on my blacklist page, Theo Beelien “I test binary option robot from 13 august now with €1 trades. It’s break even, so in fact a worthless product.”

Before we move on to the other scam, Binary-Option-Robot.com, here is another snapshot I got from Chukwujekwu Eloka, another member who was extremely disappointed with the terrible, below 50% average performance. I really don’t understand why this service is so viral when it’s highly misleading at the least, and most likely just another scam. They also work with GOptions, a fraud broker you can look up on Google and you won’t like what you find!

BinaryoptionRobot account snapshot #2 by Chukwujekwu Eloka

binaryoptionrobot2

 On some blogs which you may trust, including 7binaryoptions.com, Top10binaryrobots.com and a few others you may find positive reviews for this system, however you should know that they are getting paid to promote it, knowing that traders are bound to fail when they join the, promising and viral, BinaryoptionRobot.com!

Let’s address the next SCAM, the twin site Binary-Option-Robot.com

In case you have any doubts, you shouldn’t trust this website and not because of all the spelling mistakes, mainly due to the poor performance and yet again, this is a service I get many complaints about from members and it’s time I expose both scams, especially now that there is such a big HYPE. You won’t believe now many people are asking me about BinaryoptionRobot and Binary-Option-Robot and from this moment, I’ll just point them to this review. Hopefully I will get some additional feedback from more members who will come forward and report their ITM.

Evidence that Binary-Option-Robot.com is a SCAM:

(provided to me by Freeman Avitor, a good friend who tested this software)

binary-option-robot

The Binary-Option-Robot.com also offers an automated trading feature, a faster way to lose your money, as you can clearly see based on the reported performance. Both services BinaryoptionRobot and Binary-Option-Robot are scam services that you should avoid, as well as Goptions.com and any blog or email marketer who promotes this junk!

New to Online Trading? Open a Free Demo Account!

Please share your feedback, experiences and opinions below and thank you for reading my BinaryoptionRobot Review. Cheers to success! Michael Freeman

28 thoughts on “Binary Option Robot is a SCAM!

  1. Miss foodie

    So glad I followed my gut feeling and didn’t give them any major information. As soon as I signed up to this I started receiving about 20 calls a day from this service hounding me for bank details and promising that I would make around £4000 in my first month. Really? My FIRST month? I could smell something was too good to be true. Definitely deleting that account! Thanks for the warning!

    Reply
  2. John lin

    Thanks.Mike, I have test the option robot’s demo account. The demo account always win because when it predict wrong, it will automatically add or decrease points to the realistic market price. As a result, in the demo account, they could pretend to win for 90% successful rate

    Reply
  3. george the poodle

    Binary Options Robot? Yeah they will clean out your account in double quick time no doubt about it.Why?because the house ALWAYS wins and you are betting to win.Stop! This is the only way to profit from it.Select high risk,select daily trade,select REVERSE TRADE,YOU become the HOUSE!bet 1-5 dollars only,select all trades,no stop loss,their “Professional Traders” would make good Kamikaze Pilots,they could not pick a correct signal if their life depended on it.So go Kamikaze yourself bet to lose with the REVERSE TRADE,because they give totally rubbish signals.You will be in the money,there are always more losses than wins,go for it.
    More than one way to skin a cat.

    Reply
  4. JPE

    A one minute trade is not a viable trading strategy, no service can guarantee success with such a short trade. The longer the trade, following a trend, the better chance of success you have. When I used the demo on 1 minute trade I was barely above 50% success. A 1 to 3 minute trade is not a good strategy and if you watch the scammers they recommend 5 minutes and some say they would like to see 15 min to 30 min trade times.

    Reply
  5. Gbenga

    Thanks for the headsup Mike, was thinking of registering but after this i think i will just keep off and keep looking for better services. Thanks once again.

    Reply
  6. Ash

    Thanks for the article Mike. Was thinking of giving this robot a try as it is touted on trusted sites as a genuine. Glad i caught your article and reviews from people who have bought and tried. This has saved me time and money. Thanks !
    On any opportunity, I do a thorough background research, , but even then, sometimes very difficult to tell if something is real. In terms of trading, (any form of trading) i guess the only real way to make a profit over the long term is to invest your time to learn the trade and use your own judgement.

    Reply
  7. Brian Williams

    Had a Amazon Kindle Fire today and when I went into the app store and tried to download topoption.com which is a reputable broker it did not load. Instead binary-option-robot app came up. Is there anyway that Amazon can be made aware of this and get this app withdrawn from the app store?

    Reply
  8. badrul nizam

    oh thank dave. i though want to trade using binary option robot on banc de binary.

    Reply
  9. dave plant

    binary option robot this week 12 trades 10 losses 2 wins what a scam advise anyone do not use this site.lost $250.this week.have history list to prove this.

    Reply
  10. Bill Hamstra

    Hi : If this is a scam ,pray tell what then does work ??Who what can you trust ?I,ve lost a lot of money on so called Guaranteed money makers .Anyone having success ?

    Reply
  11. Bob Bridges

    Just about to deposit my money into Binary Options Robot!! Thanks, near miss. One thing, can you speak a bit louder on your video, I could hardly hear you on full volume. What do you think of John Anthony signals?

    Reply
    1. Michael Freeman Post author

      Good question Bob, I will need to check into it because his service is really going viral. If it’s legit, I will give him a positive review, otherwise if I get the same type of feedback as I got with the services in question.. he will get a bad review. Give me a few days and please check back.

      Reply
  12. Courtney

    It is impressive if I may say how scammers are using top rated binary options platform to add legitimacy of what they are doing which in turn is not legit in any way whatsoever.These guys are very clever. Why don’t they study the market and try to make some money in investing. I think they would do well. Of course it would be honest money right?
    Well I am by your side Michael to help eradicate these guys.

    Reply
  13. Ahmad

    Good job Michael I really have a bad experience with these useless Robots they are just waste of time and money.

    Reply
  14. Oscar

    Binary Option Robot is a dangerous scam, lots of blogs are promoting this but you took a stand and decided to expose this, very brave of you Michael!! thank you for the heads up!

    Reply
  15. Liu Jun Haw

    I’m impressed, really really impressed. Nowadays, scammer is trying to trick people falling in their trap by using the nearly same name site, as to create “one stone two birds” effect?! I say it will not work, as it is much more easier to expose 2 scams in 1 article. Also, I doubt that the owner behind these two scam softwares is the same person (well, I’m just guessing, and I don’t think there’s someone who is so stupid to copy the exactly the same name with few dashes within the name). Based on the evidence (snapshot) provided, a string of losing trades couldn’t say more that binaryoptionrobot.con and binary-option-robot.com are scams. I hope all the potential buyers, watch out of these scams.

    Reply
  16. Bronwyn

    Both the BinaryOptionsRobot.com and Binary-Options-Robot sites/ are terrible scams, you’d be wise to stay way from them. Thanks for this honest warning Michael.

    Reply
  17. Omri

    Thank you Michael for warning us about these scammers!
    No doubt that you have saved thousands of dollars to your subscribers!
    Watch out guys Binary Option Robot is a SCAM !

    Thanks again!

    Reply
  18. paul t

    Thanks for the heads up, I always understood that this was a reputable binary option signal service, Lots of good reviews online. The truth has come out .

    Reply
  19. Jared B

    Very poor performance indeed from both services.

    I hope this and other reviews will spread far and wide and force them to rethink their business.

    If it’s a broken system, they need to seriously fix it. If it’s an outright scam with no intention of winning their clients money, then I hope they go bust and SOON!

    Reply
  20. Paul

    Thanks for the warning Michael, will definitely be avoids these 2 scams. Great article too and I like all the proof you have from real members. Keep exposing them scams man. thanks

    Reply
  21. Patrick Nicholson

    Thanks for your hard work Mike!
    Yes I can confirm as a Private Individual trying many BO Schemes, that Binary Option Robot will empty your Account and is a Scam.
    As for Binary-Option-Robot ; it seems different. Its AutoTrader can be set to use different time frames and variable Martingale settings. You can also choose several different Indicators etc… I have had some success with this Auto trader if you follow the proprietor’s settings; deselect Trend Indicator tick all other Indicators; choose EUR/USD
    5mins or 15mins. Only allow auto trading in the period 2 hours after opening and 2 hours before close. Start Bank min:$450 and allow 4 consecutive building losses before loss reset eg loss $12 then $25 then $50 then $100. $100 loss level rarely reached.
    Software is regularly updated for Free. A Free version and the advanced Proversion (described above) are always available ProVersion $79. Best Wishes, Pat

    Reply
  22. Sergiu Borhan

    Great work exposing this scams Michael and thanks to all who provided real feedback about this scam services.I hope more people will see this and will avoid this scams.In my opinion i will never need a trading software because the Facebook group is BETTER then anything out there.

    Reply
  23. Mohd Najib Mohd Amin

    Thanks God!..I’m glad finally i found this useful article regarding this Binary Option Robot..Actually,I’ve been registered this site over 1 year ago but i didn’t deposited any money even though recommended by several blogs site..cause what?I’m doubt about their inconsistent performances & it’s look this robot really wanna destroy your money!..those poor results clearly evidence enough for my thoughts all this while..so i really hope people out there,please be careful and stay away from Binary Option Robot..please don’t waste your time and money!

    Reply
  24. Dragos Ciobanu

    Hey Michael, I have some experience with this Binary Option Robot (used it in August 2015) and all I can tell you is that after 2 weeks I got 8 ITMs and 6 OTMs which made me to make the decision to disable it and to trade on my own. I got to the conclusion that the performance was pretty poor and decided that I’m not going to use it anymore. As far as I know is that there are 3-4 traders behind this robot that are trading/placing the trades for you – the results? Not encouraging at all -in my personal opinion so I wouldn’t recommend it to other people.

    Reply
  25. Francisco Garcia

    Mike, thank you so much for exposing these thieves. Binary options are a good way to make money but it takes time and patience. All these get-rich-over-night stories are just that, STORIES.

    Reply
  26. F.Garretsen

    Ah.. the binary option robot.

    I was tempted to try this, one or 2 months ago because it looked very tempting and professional (+ there were a lot of reviews from people in youtube). But after reading some other reviews on the internet I’m happy that I didn’t do it!

    This article also proves it, thanks!

    Reply
  27. Freeman Ativor

    pls and pls dont fall for this scam crons.They bad ass guys are just there and chasing affiliate commission and keep deceiving of this auto robot that trades superb…lol
    Pls dont fall for all the crap out there.Just look at the evidence from the number of wins out of so many trade done.19 out of 50 and 3 out of 10.What the fricking scam is that.And bcos of the affiliate commissions that they will be paid they will keep promoting it just to get the money into their own pockects and dry your account on day one totally empty
    be vigilant!

    Reply

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