One of the biggest troubles traders face is when they use an auto binary robot scam. That is the biggest shame they have to face, not to mention that they got fooled by all the theatrics that the scammers were very skillful at. There are some traders who have felt that they are not fitted to trade in binary options because of this, but it doesn’t have to be that way. There are also those that blame established robots about scamming them, because they can’t seem to win a trade no matter what they do. For newcomers, it will be difficult for them to identify which is a scam and which isn’t. The most vocal about the negative aspects of a robot are those that had bad experiences with them, so it will be a challenge to discern which robot is a scam. You don’t want to end up accusing the wrong auto binary robot, either. Below are some of the common aspects of a scam binary robot.
The most common and obvious of all is their website. Is there something about their website? Most of the scam artists do not bother beautifying their website, yet they find a lot of time making a theatrical video. There are some of them that make a video at their homepage. It will play automatically and give you a very convincing story that they got rich from using the auto binary robot that they developed. There are even stories so exaggerated that they put conspiracy theories about how the government is deceiving the public about some secret code. Since these days, people are easily convinced about how the rich and wealthy are hiding something from the public, they easily buy it. Keep away from such videos since no such thing is happening. Aside from the video, you should also take a look at their website’s content. You might even find some typos there. If they were ever going to establish a grand robot like that, at least make the content more convincing.
The scam auto binary robots are usually the new ones that are introduced into the market. Not all new auto binary robots are scam, but at the same time not all of them are legit either. Some are still under observation by sites that alert traders for scam. So how do you determine the new ones, even with a trading history? Try to look for the robot’s key features. Most of them never put any details about it, which makes it really odd. If there are no key features every listed, it is either the robot is extremely simple or just bad. The worse case about it is that its only key feature is to make sure its traders lose its investments. And you will never know if you are going to lose your investments unless you deposit your money into the system.
The key features of a good auto binary robot are listed down in Investopedia. You should study that first when you are out looking for an auto binary robot to work with.