Altronix Binary App Review

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Altronix Binary App Review

Altronix Binary App is a new trading system by Frank Saunders. According to the producers of this software traders can retire in 90 days just by using this application and tapping into secret wall street rumors.

Today I’ll review this software so you know if it’s trustworthy.

Altronix Binary App Review

This review is not about the Altronix low voltage electronics and power solutions, it’s about a binary options product. Although I have to ask, why would Frank Saunders not google his product name before putting it out? There’s clearly another brand with this exact same name and it doesn’t relate to binary options at all. Definitely a misstep.

The website consists of a 22 minute video, an email subscription form, testimonials and a frequently asked questions area. The video starts off with Frank telling us that he’s going to make an offer that wall street doesn’t want you to accept. He says that if you go with him you will eliminate many of their jobs along with their power. I find this very difficult to believe, because binary options and the Altronix Binary App doesn’t really have much of an influence on wall street at all. We aren’t buying and selling stocks in this market, we are essentially just wagering funds on if the market is going to go in a specific direction. We aren’t buying stocks, which makes the sales video quite odd.

Frank tells us that with the Altronix Binary App and the information he’s going to give us for free that we’ll have the ability to bring in millions of dollars year after year in the blink of an eye. The video continues to tell us how much money we will make and how easy it will be but never gets into any specifics details as to how. Outside of the video, we can see there are a bunch of news clippings from Bloomberg, CNNMoney and TNW but when I try and find these online they don’t exist. It looks like their media presence is being fabricated.

I won’t be recommending the Altronix Binary App to you today. This seems to be just like all the other autotrading binary options systems on the market. Promising traders the world but never fulfilling. If you have something you would like to add please leave your review below the article. As always, make sure you check the binary options software ratings before you get involved with a system. Thanks for stopping in.

Altronix App Review

Altronix App is a binary options automated trader which was released close to a year ago. Just as a disclaimer, it is not in any way related to Altronix Inc., the electronics company. In fact, the only common thing between them is the name. Altronix Inc, on the other hand is a reputable private company which manufactures quite great electronics. With that said, let’s turn our attention back to Altronix App, a binary options broker or automated binary options robot as it represents somewhat both, about which you are here to read.

Is Altronix App a scam? It might be. However, that is not enough and we will tell you why you should keep your distance. As always we don’t believe in rumors or hearsay and our arguments are always supported by proof.

Altronix App Review

Altronix is a binary auto trader developed and owned by Frank Saunders. He is said (on the site) to be a professional Wall Street trader who developed a liking to binary options and the profit making potential it promises. Apparently, Frank used his extensive trading knowledge from his Wall Street days to create the app, which he says will make you quit your job in 90 days. And not because of stress and exhaustion, although from what we know about this software, that could be a possibility. What he means is that the app will make you so much money that you won’t see the need of sitting behind a painfully uncomfortable desk with a heap of papers waiting for you, anymore.

Surprisingly, Frank Saunders and co. don’t mention how much to expect in daily profits as all other similar sites do. Even so, we don’t believe that this is a sign that they are legit; rather it is something they had to do out of necessity. See, Frank Saunders might be a con, but he isn’t stupid by any means. It is also not the first time that he is doing this, so he, of all people knows what critics look at when reviewing auto traders. He knows that the ‘Sign up and become a millionaire’ bullshit doesn’t work anymore. As such, he pretty much rephrased it to ‘Sign Up and you could be leaving your job in three months’. The two taglines basically mean the same and are very common in scam sites but, being an experienced can, Frank knows to play around with words to achieve the same effect. Unfortunately for him and his ilk, we are always one step ahead of them and can see through any crap sent our way.

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    How Altronix App works

    Frank Saunders talks about designing his software to work like the brain of a professional Wall Street trader, including the efficiency and accuracy. It monitors millions of social media posts, corporate reports such as profit or loss announcements and scans through market news. It then analyzes the data and trades according to the overall market sentiments. To their credit, Frank and his team are right on this (if it is true). Market trends are generally determined by the actions of traders, a concept that has been used in Wall Street for decades. Basically, if more traders are buying a certain stock or commodity, the price of that commodity tends to increase. The opposite is also true. Also, since all traders are human being and are vulnerable to emotional responses, predicting these reactions helps to determine market prices. For instance, if a certain company is expected to announce huge 2nd quarter profits, traders, looking for quick profits, will rush to buy the company’s stock as soon as possible hoping to sell at higher prices. As a result, the stock’s price rises up even before the quarter results are announced.

    altronix app main page

    To cut the long story short, Altronix App does not really rely on technical indicators such as RSI to generate its signals; it relies on the human factor, so to speak. In most cases, Auto Traders which operate this way rarely go wrong. However, these are very few – the legit ones that is. Otherwise, Frank Saunders is very economical with the truth regarding how Altronix works. As such, we have some doubts about his whole presentation, in particular the part where he explains how the app functions. We noted that he provided very little details apart from the general statement. Thus, the whole thing sounds more like a sales presentation than an introduction to a trading app said to be among the most profitable. Again, we are not told what type of algorithm(s) the system is programmed with. These are usually meant for collection and analysis of data and are very crucial in the whole process. The same applies to the technical indicators which, in this case should complement the human data analysis and assist in the generation of even better signals. If you are a trader who, from past experience, prefers to know the finer details of an auto trader before signing up, the Altronix sales video will be a disappointment.

    Cost

    The charges you will pay for using Altronix App are relative. They depend on whether you plan to open an account with one of their affiliated brokers or link to the site using your existing broker account. Basically, opening both an Altronix App account and broker account at the site gives you free access. Not really free as when you make a deposit Altronix will receive a certain percentage as commission, but it isn’t like you are going to get directly charged.

    On the other hand, if you already have a trading account with a different broker, you won’t have to open a new one if you don’t want to. The site allows you to link up directly from your broker account but you will have to pay some regular service charges. Makes sense as the site won’t receive commissions from your broker. It is also a commendable move and Altronix is one of the very few sites which allow traders to sign up with their old trading accounts. This makes it easy to split if the app doesn’t work for you as opposed to the other alternative where you have to get a new account when you split.

    Getting started

    If you really like the Altronix App and would want to give it a try, even against our advice, below is how to go about getting started.

    1. Open an account – This can be done by visiting AltronixApp.com and clicking on the Sign Up tab. When doing this, you have to first decide what you want. If you would like to register an account with one of the recommended brokers, the site provides that option and all you have to do is follow the prompts as they are. After doing this, fund your account and click on the Auto Trade button and you’re ready to go. The second and most convenient option is to link Altronix to your existing trading account. Note that you will be required to pay a service fee depending on the number and size of trades executed.
    2. Start trading – After complying with all the registration requirements including funding your account, you can now start trading. We didn’t find anything to talk about as far as flexibility of trading settings go. You can however set the maximum number of trades the system can place per day and how much you want to be invested in every trade. After that, it’s all systems go, literally.

    Still on the above point, it is somewhat disturbing that Altronix do not let traders choose their indicators or system of trading. Traders are different and there are those, for instance, who prefer less risky trading with consistent small profits while others are into the fast, highly risky trades with quicker and higher profits. It is a bad business move to put them all in one basket and place uniform trades.

    Proof that Altronix App is a scam

    All over the site, there are bits of evidence here and there which prove that Altronix is the next big scam. However, these are difficult to note for an ordinary person and only experienced traders will note the contradictions. Nonetheless, there are a few obvious statements that prove that the site is not legit. Since these are very easy to confirm, we will pay a little more attention to them. Here they are:

    • Use of fake actors – In the members’ area, there is a page titled “Widgets” where ‘trader’ give their testimonials saying how much Altronix doubled their earnings in days and so on. Just looking closely, you will note that all of them are positive, glowing reviews. Being a human being, you know very well that public opinion is always divided, no matter the situation. It is therefore odd that all the traders in this section speak in one voice and heap praises on Altronix. Moving on but still on the Widgets page, we noticed a few paid actors including one man called Bernard Watts. An image search of his photo took us to cd4models.com where the same man is listed as Vladimir Yegorov.
    • Altronix the new Citidel Ltd? – For your information, Citidel is an auto trading software that came out some time back and which we all unanimously agreed was a scam. Ironically, most of the people whose testimonials appear on the Altronix website also had the same things to say on Citidel. The photos are the same and so are the exact words. The only thing that changed are the names. From this observation, we have reason to believe that the same people who were behind Citidel are behind Altronix too.
    • Frank of all (illegal) trades! – As we mentioned before, this is not the first time we are meeting the man who claims to be Frank Saunders. We last saw him, minus some tweaks to his appearance, in illegal sites like Copy Buffet and Trade Fusion. Of course he had different names then, and until he proves beyond reasonable doubt that he has an identical twin, we will regard him as a conman who assumes different identities to con people.

    altronix limited spots

    Conclusion

    Altronix App is nothing but an elaborate scheme to deceive you to register with unregulated brokers and deposit as much as you can in the hope of getting the advertised huge profits. We, as well as other traders who fell for the elaborate lies, can confirm that Altronix App doesn’t work at all. First of all, the site partners with the shady brokers to rip you off. The first few trades after registration are quite great, but soon after you make your second deposit – usually higher than the first – things start to go south. All of a sudden, you start making huge losses which eventually deplete your account. At the end of the day you cry all the way to the bank while Altronix and their broker partners toast an expensive drink and congratulate them for a job well done.

    Bottom line is, stay away from these smarmy sites which promise to get you on the Forbes list in weeks. Instead, focus on sites like Binary Options Robot which don’t make huge promises but exceed expectations on all fronts. What really makes Binary Options Robot tick is that it features very good brokers – all of them regulated. That, and the fact that it is free of charge.

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    Altronix App Review – ALTRONIXAPP Software is Scam!!

    Altronix App Review: Another scam in the market is spotted and it is called Altronixapp software. Our investigation team, reviewed Altronix App software and concluded it to be a scam. There are of evidence which our investigation team gathered and I am listing for you. So don’t hurry in investing in Altronix App, it is a scam.

    I know that there must be many questions in your mind like; Is Altronix App scam? Is Altronix App legit? Do Altronix App worth your money? So I am going to answer all these question here and will be supporting my stand with evidence which our investigation team has gathered.

    Altronix App Review – Scam Exposed!!

    Altronixapp software is designed to analyze financial market and make decisions accordingly. Altronix APP system claims to predict market changes which will help you to bank successful moves. It claims to monitor the market by social media messages and status posted by traders, analyzing news stories and other relevant sources which will impact the market. There are number of features which they have listed to support their system. They claiming that you don’t require any technical knowledge to handle this system, completely automated trading, 24X7 customer support and many more claims which may prove this system as legit one.

    But, actually these are mere attraction point and Altronix App system does not guarantee any of this feature as it is just a scam. AltronixApp ask you to deposit $250 with their broker and create a new account before starting trading. That broker account is synced with Altronix App software that means your investment will be in control of Altronix App system and there always remain a factor of risk.

    I have talked more about it and listed all the evidence which will help you to make right decision. You may go through this honest Altronix App review as we have exposed Altronix App scam.

    Evidence 1 – 94% Accuracy Rate Claim

    Definitely a fake claim as there is not even single binary option single which offers such big win-rate and that too continuously. The Altronix App system says that they allow you to reach that figure, 94% win-rate. It seems that they are really using this number just to attract the users so that they can be tracked easily. Moreover, they show some existing number of payment proofs which has no authentic source which proved them true.

    Evidence 2 – Pressure Tactics

    Altronixapp.com has used same old pressure tactic in which they are showing some of their fake actors whose account are being banked with dollars by every passing second. They have shown their first month profit and then their total profit is increasing with every passing. I think they are showing Bill Gate’s account.

    Moreover, they have included a limited spots section; if it is so why don’t they tell us that how much limited spots are left? It means they want to keep this section vague and don’t want to share truth with their members.

    Evidence 3 – Fake Altronix App Reviews, Press Releases and Articles

    Same fake reviews, press releases and articles are linked with their official website. Altronix App software are showing that they have been published on CNN Money, Bloomberg and TNW. And interesting thing is that they have included these three names in their long slider, which keeps on sliding repeatedly. That means they want to portray big numbers, but actually they only manage to place 3 logos. They might in hurry of cheating people!

    Evidence 4 – Best Software of 2020 Claim – Really?

    Altronix App software claim to be best software of 2020, Really! It is released on 22 February, 2020 and it just 4 days of their release they are claiming to be best software of 2020. I mean how? You can now easily think and make decision that they are just try to trap you guys and there is no real claims which are stick with them. They have only included this phrase to attract the users so that they can get more attention and build trust factor.

    I personally searched for this claim and found nothing which second their this statement. It means they are lying and have not won any award in this respect which makes them best software of 2020.

    Is Altronix App a Scam?

    After going through these evidence I don’t think that you should ask this question but if still it is coming your mind. So let me answer it straight that. Altronixapp software is scam and you should better not invest in their system as it may trap you and you might loose your investment.

    Since no any binary option trading software would be legit if it carries above massive mistakes. So I would suggest you to better avoid this system as the evidence which are listed above are legit and our team have personally checked them before sharing with you.

    Bottom Line – Altronix App is Scam

    After going through my honest Altronix App review, I am sure you guys must be convinced and known that it is a scam and your investment might go on risk. So I would suggest you to avoid it. There is not even single factor about Altronix App which seems legit or honest to us. I conclude that it is developed with sole intention of cheating people. Moreover, they have shared ambiguous information and have not even discussed about that how there system works. With the explanation of their system, they seems to be newbie in the market who are claiming to let you make millions of dollars without even knowledge of binary option trading.

    In order to save you guys from scam, I have shared a list of best binary options signals 2020 which you may refer and get your signal which may suit you. Moreover, I will be exposing such scam software which may take you on risk with the help of our investigation team. I personally would suggest you guys to use VirtNext software which is one of the best binary options signal in the market giving great win-rate.

    Don’t forget to share this with other traders too, your share may help them to save their investment and getting trapped. So keep sharing and keep helping.

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