Free binary options signals. Are they legit or a scam

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The Truth About Free Binary Options Trading Signals

Updated on: 6 January 2020

There are two types of binary options signal services available on the internet. The first is those of signals that require you to pay a certain amount of money per month in order to use them and signals that will offer their services for free.

There is a lot of confusion going on when it comes to free binary options signals. The main objection against these signals is that they must be a scam since why else would they be offered for free. – To some extent, this is true but not necessarily always.

Read the article below in order to learn how free binary options signals work and how you can distinguish the legit signals from the fake and scam ones.

Why are some binary options signals free?

This is one of the first question that comes to mind to anyone who discovers a free binary trading signal service. Why would a service like this be available completely for free? Why would a person or a company spend significant amount of time and development resources to develop a signal service that then will be offered for free?

There are two reasons for this. First, some people create free signals in order to scam traders while others develop free signals and intend to monetize them differently later and through legitimate means.

Below you’ll find the main reasons why free binary signals exists, both the legit as well as the scammy reasons.

The brokers themselves developed them

Some binary options signals that are being offered for free were developed by some of the brokers themselves. These signals will claim that they are actually not affiliated with any broker but this is a lie.

You can know that a free signal was developed by a broker if it will force you to register at one specific broker only in order for you to be able to use the signals. In around 90% of the cases such a signal was developed by the broker itself.

If you have read my article about how binary options brokers make money you know that most brokers will lose money whenever you win. For this reason, you should never trust a signal service that was developed by a broker itself.

Why would that broker want to give you a signal tool that will help you win? It makes no sense because each time you win the broker loses. Usually, the signals developed by brokers are fake and are made so you would always lose in the end. They may let you win initially to get your hopes up and deposit more, after which you will always lose.

Stay away from broker-owned signals.

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They get paid by the brokers

The majority of free binary options trading signals however were not developed by brokers but by so-called affiliate marketers. The trick is that for you to be able to use these free signals you will have to sign up at a specific broker. Each time someone signs up at a broker recommended by the signal app, the broker would pay the developers of the app a commission.

This does not always mean that the signal app in question is a scam. However, the vast majority of such signals are unfortunately either a scam or they just simply don’t work because they weren’t actually developed properly to work. They were developed to get people to sign up at the recommended brokers so that the app developers get paid the commission.

One of the very few broker-signup signals that are not a scam is Signals365. While it does require broker signup, meaning the broker will pay the app owners; this app actually does work and does deliver ITM winning rates of around 60% to 70%. It also has a paid version that does not require any recommended broker signup, meaning it works with any broker.

Like said, not all broker-signup free signals are a scam but the majority unfortunately are.

They make money by charging a commission

There is also the category of free binary options signals that make money by charging a commission from the profits you have made. These are some of the best signals because they only make money in case you make money as well. If you lose your money, then they will not make any money either.

Unfortunately, there aren’t many signals of this kind because such signals usually make less money for the owners, as they can only charge something like 1%-2% in commissions, otherwise they would cut too deep into traders’ own revenues.

Most of such signals do not work on a trading algorithm but instead allow traders to follow other traders and manually copy the actions taken by them. I can only hope that sometimes in the future it would be these signals that would dominate the market and not the broker-signup ones.

They offer a free trial

Another reason why a binary options signal service can be free is because it has a free trial. Some signals offer a free trial for a certain amount of time after which you will have to pay a regular subscription fee to use it.

You have to be very careful however when choosing such a signals service. If the signal will ask you to sign up at a broker to use it then it’s highly likely it’s a marketing scam (not always, but most of the time).

The optimal situation with free trial binary options signals is when you can get the trial without you being forced to sign up at a specific broker.

So, are free signals legit or a scam?

Like explained above, unfortunately most of the free signals offered at this moment are simply not working at all and they only exists to get you to sign up at a broker so that the people behind it can be paid a commission from the broker.

This does not however mean that all free binary options signals are fake. Like explained, Signals365 has both a paid broker-free and free broker-signup version and it’s a signal service that does actually work. However, such services are unfortunately in the minority, meaning you will have to pay a lot of attention where you sign up.

US Binary Signals Scam Review – LEGIT??

OFFICIAL SCAM URL: usbinarysignals.com

US Binary Signals is a relatively new binary options scam . There is nothing awesome, extraordinary, or even legitimate about this program. Sure, it is a new program, but it does the same old things as all of the other schemes out there. The people behind US Binary Signals would have you believe that they are here to help you make a profit. However, the truth is quite the opposite from that.

The crooks running the show are here to make a profit themselves, and that profit is going to come at your expense. The fact of the matter is that the thieves behind US Binary Signals know exactly what they are doing. They make some really big promises, none of which they can uphold in the slightest. US Binary Signals is undoubtedly a giant cash grabbing scheme and we are going to tell you why.

What Is US Binary Signals?

Technically speaking, this is supposed to be a highly profitable fully automated trading tool for Forex and binary options. Now, that is what the crooks behind this program tell us when the truth is not at all the same. It is said that US Binary Signals can trade both binary options and Forex. The first problem that we see with this software is that the signals which it provides are very lacklustre .

This stupid software only provides you with something like 6 Forex currency pairs and a few binary options signals. In terms of signals services and trading programs, having so few signals provided is something that we would consider to be the price. However, that is not even the worst part of the program. Something else to be noted is that this is only a fully automated program, which means that you have absolutely no control over the trades. This is indeed a big issue. Let us tell you why.

Sure, the program does function as a trading program, but the intent of it is not to generate money for you. This trading software is specifically designed to lose trades, but not in the way that you would think. The program is actually an empty shell, or in other words, the trades that you see are not actually happening. They are totally fake and fabricated.

This is in order to make it seem like US Binary Signals is making trades, and losing them in a legitimate way. The reality is that US Binary Signals simply drains your trading account without ever making trades. The goons behind this software were clever in terms of making a shell to make it seem like there were trades going on, but they did not do a good enough job to fool us!

US Binary Signals – The Ridiculous Price

Ok, so what we do need to say is that paying for a signals service and trading program is not necessarily a sign of a scam. In fact, we would expect the good services to cost a pretty penny for what they offer. However, the fact that you have to pay to use this fraudulent trash heap is a complete joke, and it is because it is meant to rip you off. Draining your trading account is not the only way in which US Binary Signals makes money off of you.

The subscription and monthly fees are another dirty trick to get to your bank account. It is going to cost you a fairly large amount to access the program, then, even more, to use it month after month. We would not have an issue with this if it was a legit service, but it is not a legit service. The subscription and monthly fees are just another way of sucking the blood right out of you.

US Binary Signals – Profits?

The claim that this pile of junk can achieve ITM rates of 90% with daily profits of up to $1,500, which would mean that your investment grew 6 times in one day, is absolutely laughable. First of all, even if these numbers were not simply fabricated out of thin air, it is pretty clear that they are not achievable in any way. Even the best trading programs out there can only achieve ITM rates around 87% with daily profits of around $800.

What is even more damning is that we have heard from several different people, who all filed complaints, saying that US Binary Signals had an ITM rate of only 54% and that they actually ended up losing all of their money over the course of 2 weeks. Let’s be clear, 54% is more than half, but when it comes to binary options trading, the rate is not good enough to make a consistent profit.

Now, usually, we would say that US Binary Signals is just a really bad program. After all, we are never told what it does and how it does it. We’re never informed of what strategies or algorithms are in place, or anything else of importance for that matter. However, we know better than to let these crooks off the hook. Like we said before, their program is just an empty shell designed to make it look like it is executing trades.

All it really does is make you think that it is executing trades, while actually slowly draining your account from the other end. This is in part because this software uses a broker that is, for the most part, able to steal your money without consequence. This program is in cahoots with a scam broker , which is how they take your money without you ever knowing what happened.

US Binary Signals Scam Review Conclusion

At the end of the day, the only reasonable conclusion that we can come to is that US Binary Signals is a complete fraud. The only purpose it has to is to take your money, leave you bone dry, and make you think that it was all your own fault. Stay away from this terrible program because it is going to cost you everything you have.

If you would like to try binary options or Forex trading, you should try using MS Management Software. It is a relatively new trading program that is legit, trustworthy, and profitable too. Depending on market volatility, MS Management Software can generate up to $800 per day, which is definitely some good money.

IMPORTANT: If you have any questions, issues or you experience any problems please email us and we will be glad to assist you. Our contact customer support emailis: [email protected] If you register with this service from our website then you will always have our full free support in case you run into any issues or problems. Remember that you are not alone, with us you will always be safe!

Thank you very much for reading this detailed review. Subscribe to our blog in order to be fully protected and to be up to date with all binary options services out there. Additionally please share and follow us on Facebook, Twitter, Google+ and Pinterest . See you next time!

Are Binary Options Signals a Scam?

Binary options signals is a service which you can use to increase your profit in binary options trading.

Binary options trading has gained huge esteem since its introduction to the market.

Most investors want to switch to binary options from traditional trading as it offers a large number of benefits like controlled risk, fixed payout, less complexity, and a huge number of assets to choose from. As the market of binary options trading is growing at a very fast pace, services related to it are also increasing.

One of the services which you can avail to increase your profit in binary options trading is binary options signals.

What are binary options signals?

Binary options experts and automated robots that are trained to analyze market conditions do their analyses and create recommendations.

These recommendations, which are formed after complete assessment of the market, are known as binary options signals. With these signals or recommendations, a new trader can also trade like a pro. Traders just have to place their trades according to the signals generated by the service providers.

Most of the signal providers offer forex signals, because the asset will always be in a pair like EUR/USD or GBP/USD and hence it becomes easy to keep track of and analyze future price movement direction.

Example of binary options signals

Asset – GBP/USD = 1.2000
Option – CALL Option
Expiry Time – 1 Hour

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There are few things to take into consideration while using a signal. The most important thing is time. A signal should always be used immediately as it is received. The market changes rapidly and hence a good signal would be of no value if it is not used at right time.

Binary options signals: legit/scam

We have witnessed a huge number of scams in binary options and so it is legitimate to be worried about your investment.

There are a lot of signal service providers in the market today, some of them are legit but there are also some crooks who are always waiting to rob you. Being a new trader, it is hard to distinguish between a legit and a scam SSP (Signal Service Provider). Thankfully, today we can read different blogs about binary options scams and avoid being a scam victim.

It is advised that you never solely rely on a signal, always try to follow a strategy and improve your trading skills. However, traders should ensure that the signals they are choosing are genuine and follow some proven strategies.

Why choose to follow signals?

A good signal provider will charge you $80-$100 a month but the profit that those signals will generate, will be many times more than their fees. Binary options signals can provide great assistance to new and intermediate level traders.

We always recommend not to go for some automated trading platforms, choose those signals which have some proven strategies behind them and help you to nourish your trading skills too. New traders should always be eager to learn, instead of just putting a robot to do all the work for them.

Conclusion

Binary options signals can be a profitable option and could accelerate your earnings, but they should be used wisely. You are also advised to do complete background checks of your SSP before using their services.

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