SignBinary – Scam or Not

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We decided to make a brief analysis on SignBinary and discovered that the trading system is not such popular on the internet. This is typical for new trading robots, but we went further and tested SignBinary. Read the following review to get informed about our findings!

Being informed and well-educated about all the updating binary options events and new products can be challenging but it is important. Each internet trader must be educated about various binary robots so as to pick only trustworthy and decent systems. The binary options automated trading systems appear on the market each day and week, and all of these systems promise the highest returns. Even so, this is hardly possible. The sad news is that only a few of them are good programs, while the rest are very suspicious and proven to be scams.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • The binary system is fully automated
  • There is a demo account
  • Their customer service is poor
  • Their site presents very few details about the service
  • There are not any positive reviews or comments on it online

BinaryMinery Verdict:

Not Reliable Service

What Is SignBinary?

In the following lines, we want to cover the real potential of SignBinary, an automated trading system that is quite new in the binary industry. Our readers have the opportunity to find out whether this system is worth of consideration or not.

SignBinary is a completely new binary service that generates signals based on the present market situation. These signals are similar to a basic prediction of the future market events at a global level and how these events can impact the financial sectors.

The binary services that generate signals can assist clients to anticipate the price movements and decide whether to buy Call or Put options. The automated trading systems do not require trader’s participation, as they can place trades on their own, based on the signals, so the traders may focus on other activities. An automated trading system is great because it reduces emotional decisions and stress. However, the mentioned above is true about genuine trading robots, but SignBinary hasn’t demonstrated yet positive results.

Screenshot

How Does It Work?

By applying this binary robot, the clients will get trading signals. The developers have years of experience in the financial markets and they invest more years to building and improving this trading system by combining the most recent strategies in it. At least this is the official statement found on their official site. It needs to be verified. As for now, the trading results are not proven and there is no info on SignBinary profitability.

The good news is that registering with the system is free. No bank card is required for the beginning, as the new clients get $500 virtual money to evaluate the program on a demo account.

As a client, one should follow these steps in order to start trading with SignBinary:

  • Creating a personal account by delivering personal info like email address and complete name;
  • Choosing between demo or live account;
  • Trading with the help of provided signals;
  • Withdrawing the earned money;

However, you should keep in mind that no withdrawal information is offered, so be careful!

Final Conclusion: Is SignBinary a Scam?

Since this binary service is still recent and there are no accessible comments in regard to its effectiveness, we are not capable of giving a final conclusion whether it is a fraud or a genuine system. Yet, in the course of our comprehensive research, we could find that the users’ images on their web page, which are stated to be the happy clients, are actually false.

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This suggests that there is a high chance for this system to be a scam. This is exactly why, at least for the moment, we suggest all internet traders be quite mindful when working with it. They would do much better if they would consider some other binary robot.

The results of our analysis show that this binary trading system is not reliable. We have many worries with respect to its credibility and performance. Therefore, we don’t suggest it to the individuals who would like to grow their income. There are much better alternatives that can be considered.

Is SignBinary a Scam?

SignBinary promises very high and quick profits to traders. But does this Forex Robot really work or is it a Scam?

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DISCLAIMER: All Information such as Winning Ratios, Results and Testimonials are to be regarded as simulated or hypothetical. All the information on this website is not intended to produce nor guarantee future results. There’s no guarantee of specific results and the results can vary.
RISK DISCLAIMER: Trading Binary Options is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital; therefore, you should not speculate with capital that you cannot afford to lose. You may need to seek 3rd party financial advice before engaging in binary option trading.

Sign Binary Review

Sign Binary Review: The Binary Trading has emerged as one of the most favored trading platforms which have gained momentum in the last couple of years among binary robots. This momentum has bought several niche players like signal software service providers on the foray. The abundance of choices regarding software bots have made the life of a naïve trader difficult. To assist the readers in selecting right trading partners and signal service partners, we put them under our stringent review process.

To continue our legacy of providing comprehensive analysis, today, we are going to review the Sign Binary – an automated signal service provider. The following text details the various facets of the Sign Binary for your consumption.

Sign Binary Review

A document on the website of the SignBinary suggests that it is owned by the Lionsman Capital Markets Limited. Our further investigation on the Lionsman Capital Markets Limited unearthed that the Lionsman does have a valid license from the CySEC (Cyprus Securities & Exchange Commission).

Though the Sign Binary claims that their parent company is the Lionsman, the research on the company indicates otherwise. This has induced our suspicion about the Sign Binary and it seems that the real promoters of the Sign Binary are hiding behind the known name or the Lionsman is using the Sign Binary as the vehicle to acquire new customers. To get the better understanding of the signal service provider, we continued with our investigation.

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How to Make Money with Binary Option Robot

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Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating

  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

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    The Platform

    The binary signal service provider generates signals which are 1000 times faster and provides the alerts to their registered users at lightning speed ensuring that their registered user places their trades before everyone else. Though this sound very promising, the website does not provide any information on how these signals are being generated and what are the principles on which it is operating.

    The Sign Binary also claims that they have more than 20,000 active users who are using their services and have provided reviews of some of them on the site. If you have read our reviews of earlier imposters, you would understand that probably the images used on the site and reviews posted on the sites are unreliable.

    The Sign Binary also offers a demo or free account with $ 500 to test the signal service with a condition that it is valid for only 7 days. After the exhaustion of free period, the website offers you either free or paid signal service again with a condition that with the free service maximum gains which can be generated is % 7,000 only. Such marketing tactics are used to lure the investors into their pro version and grab as much money as possible from the susceptible traders. We have also read reviews wherein individuals have explained that while using the demo account the trader has been on winning streak but as soon as they converted into real money account, surprisingly, they winning percentage has declined considerably. The demo or free account can easily be manipulated to provide 100 percent winning trades but when it comes to real money account the winning ratio starts to decline. Hence, it is advisable not to take the results of the demo account at its face value.

    The Sign Binary is available free of cost for a limited period to select customers. This is also another technique used by such imposters wherein they try to create emotional pressure by claiming unreal winning ratio and unbelievable success rate which will expire soon if you do not grab the opportunity now. Our request to readers is not to fall for such prey as there is no scheme in the world which can make you a millionaire overnight. The extraordinary claims on the website have made us more suspicious about the company and their dealings. Our major concerns about the website have been outlined hereunder.

    Owner

    The major concern which we have is about the owner’s identity. The website does suggest that it is owned by the Lionsman Capital Markets Limited who has acquired a license from CySEC. While there is no evidence that the Lionsman is behind this robot and it could be a case of misrepresentation facts to hide behind the legitimate license holder’s identity.

    Our research on the Sign Binary also indicates that there is another website with same claims and same layouts offering the same signaling services. This fact has further strengthened our doubts about the owner and its identity.

    Insufficient Information

    Though the website suggests that the traders can generate gains by using the Sign Binary signal service, it does not provide any information or data to substantiate their claims. The website also does not provide any information regarding the developer of the system nor about the principles on which the signal service generates the signals. No information or misrepresentation of facts has made us believe that it is not a reliable service.

    Limited Period Offer

    The website indicates that the signal service is available for a limited period and after the expiry, they will not accept new registrations. This is also a marketing gimmick used by many online marketing companies to persuade the visitors to sign up immediately for their services and make payments.

    Suitable Brokers

    As you are aware that the signal service cannot trade on its own, and is required to have a broking partner to execute the traders. Such vital information regarding their affiliated broking partner is missing on the website. The website also does not provide any information regarding the financial dealings on the website creating further doubts.

    How Does Sign Binary Work

    The website remains silent on the principles on which the algorithm has been developed. It does not provide any information regarding the parameters it uses to identify the profitable opportunity in the market. We understand that signal service will not provide the actual algorithm but can definitely provide information regarding the principles on which it is based upon.

    The Verdict

    The research on the Sign Binary has unraveled many important aspects of the signal service provider. Thought the website indicates that their signals can put you ahead of the rest, it does not provide any information regarding the principles of algorithm creations nor it has any data to prove their claims. The website ownership is also questionable and the eye-catching similarity with another signal service provider strengthens the suspicion. The website uses all the marketing techniques to generate the sales which have been used by many scam artists on the internet. All the above aspects make it clear for us that it is difficult to trust the Sign Binary as the reliable signal service partner.

    Hence, we would recommend our readers to stay with the established players like Option Robot for their signaling requirements. The Option Robot has gained its popularity because of consistent customer service and having clear ownership. Also, the Option Robot is very transparent in all its dealings and provides all the requisite information regarding the principles they use to generate signals and the affiliation they have. Their affiliated brokerage houses are also well-reputed organization having a crystal clear track records. Also, the website of the Option Robot does not make exaggerated claims about the profitability while their reviews on the internet provide enough trusting material. The sheer transparency on the part of the Option Robot makes it as our recommended signal service provider.

    Overall, we cannot establish the trustworthiness of the Sign Binary and hence we would recommend our readers to stay with the established signal service providers like the Option Robot for their signaling requirements.

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