BinaTrust Scam Review
With the holiday season upon us, we have seen no shortage of binary options automated software scams. Of course, all of the usual suspects are trying to score some extra cash during the holidays so they are putting out new scams almost daily. BinaTrust promises huge returns for even those traders with no experience with little time or money. Are they to be trusted or just another scam? Find out more in my BinaTrust scam review!
BinaTrust Introductory Video
The BinaTrust scam video is so short that if you blink or lose your focus for a second, you will miss the entire thing. It is a simple slide show presentation with a computer automated voice over that even a ten-year-old can throw together in a matter of minutes. It doesn’t give us very much information, other than the company was founded by a group of hedge trust fund traders who have perfected the world of binary options trading. They claim that BinaTrust has a winning ratio of 78% for which I actually give them points for honesty. They don’t make unrealistic claims that they have a 100% success rate. However, this does not mean that they are in fact a legitimate trading platform.
The fact that they do not give any information about themselves nor their company leave a bitter taste in my mouth. Even the more cleverly designed binary options scam artists at least take the time to create false identities and hire fake actors for their scams. It looks like the brains behind BinaTrust don’t want to be bothered spending a lot of money so they are hoping their short and poorly made sales pitch video will persuade traders to fall for their scam.
Nor do they offer any insight as to how BinaTrust binary options trading software works so how are we supposed to trust that in fact, earn us thousands of dollars? An honest-to-goodness, genuine trading platform may not give away any of their trading secret, but they will at least give you some indication as to how the system operates. As well they will provide company information in both their sales pitch video and on their website. So far, I am not falling for any of this.
Well, at least the creators of BinaTrust scam software put a little bit if effort into their website design. Not much, but at least more than they put into the BinaTrust scam video. There is a fact section, some written testimonial from social media sites and some random facts about what BinaTrust supposedly offers its traders. Again, anyone with any website design knowledge can throw a website together in just a few minutes. And pretty much anyone with a credit card can register a domain name so don’t be fooled into thinking that just because a trading software system has an official website, that they can be trusted.
Nowhere on their website does BinaTrust list their trading credentials or licensing information. I highly recommend avoid any trading platform or software that is not regulated by CySEC or other regulating bodies. If they are not licensed, that means they do not have to adhere to the rules and guidelines set forth by governing bodies such a CySec and this leaves a lot of gray areas as to what is legal versus what is illegal. A trustworthy binary options website will list their licensing information on their homepage where everyone can see it. In my highly informed and experienced opinion, any company that is not regulated can not be trusted. If you chose to trade with one of these websites, you are doing so at your own risk.
As well, they do not provide any company information such as address, telephone number or email address. Nor do they provide any information or link to their customer service or technical support departments. I have a list of questions that I always ask of any trading service before I give them my personal information such as phone number, email address, and credit card information. Lack of customer support contact information is usually a red flag warning you that the system is in fact, a sham and cannot be trusted.
Try as I might, I could not find any company information online for BinaTrust. I could not locate any information on who created the system or how it operates. Therefore, I do not trust this system one little bit. Despite the random information on their website and some supposed customer reviews, they do not provide us with any useful information.
The reviews displayed on the page can be written by anyone, from the website owner to one of their staff (if they are in fact, not working solo) to a freelance writer. This is why I always recommend that my readers read as many online reviews such as mine before signing up with a trading system. It is so easy to be conned these days so you need to do as much research as possible with any online product in order to protect your money and your identity.
And of course, they claim that BinaTrust software is free. We all know by now that this is not the case. Any binary options automated trading system, as well as any trading platform or broker, will require you to make a deposit before you can start trading. You have to invest money in order to make money. So don’t be fooled when someone claims their system is “100% free.” Once you enter your basic information, they will require a deposit of at least $250 before you can have access to the software. And in cases like BinaTrust, they will steal your deposit and credit card info and you will never hear from them again.
Final Conclusion: BinaTrust CANNOT Be Trusted!
Suffice it to say, BinaTrust is a total scam! Don’t fall for their crap. There are plenty of honourable binary options trading software systems that will actually earn you a profit and not steal your cash. Allow me to guide you on the right path in your trading endeavours! Check out my YouTube Channel for video updates, click here for direct access.
- Rated 1 stars
- Really Bad
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