Software developers in collaboration with binary options traders are continually coming up with new trading softwares every now and then. The new binary options trading softwares seek to offer a better services to the binary options traders, compared to the already existing binary options trading softwares.
However, the rush for better binary options trading software has given the scammers and fraudsters a chance to also advertise their scamming robots. Despite the fact that there are still genuine binary options trading robots, there are also fake binary options trading robots which actually seem to carry the day when it comes to advertising themselves. In most cases, the scamming robots claims to outdo every other binary options trading robot in the market and they do that all they can to ensure that they get as many traders as possible, especially the newbies, to subscribe to using them.
Binary options traders should therefore be very careful when it comes to choosing the robot to use when trading their investments. The traders should do a thorough research about a trading software before trusting the software with its their hard earned savings.
We have done a deep investigation of the AutoGain binary options trading software in a bid to try and find out every information there is in the Internet about it. Although the information available about this software is very shallow, we have compiled a trustworthy review to answer some questions such as whether this robot is a scam or not. Read our AutoGain review to fully understand about the robot.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- It is fully automated. This makes it a perfect choice for the binary options traders with very busy schedules and hardly find time to sit In front of their PCs.
- There is very shallow information about how AutoGain operates.
- The binary options traders are restricted to choosing only a binary options broker from the list provided in the official AutoGain website.
Not Reliable Service
What is AutoGain?
AutoGain is a binary options trading software which is new in the market. The software claims to be in a position to offer the trader a success probability of between 60% – 70%. This is fairly good and within the range of most of the profitable genuine binary options trading softwares. Also, the success probability seems not to be exaggerated as most scamming softwares do. However, this is not a guarantee that this binary options trading software is not a scam since there is no evidence like screenshot of account history showing that this robot really works and that it is profitable as it claims.
How does it work?
Before being allowed to use this software, the trader will first of all have to sign up. The signing up process requires the trader to only provide his or her name as well as email address. Then the trader will have to pick a binary options trading broker from the list provided on their official website. They claim that this brokers are all approved which seems okay; but it would be better if they left the trader to choose any broker of his or her choice without restricting them with a list. The broker should also make an minimum initial deposit of $200.
After, following all the above mentioned steps, the trader is now free to start using the robot in trading. The robot is fully automated, meaning that the trader will not have to be in front of the computer all the time since all the work of market analysis and trading is done by the robot.
However, although most traders will presume that since the trading robot is fully automated they do not require any previous experience in binary options trading, it would be wise to at least have a basic knowledge in what goes on in the binary options market since there is not much information about this trading software. Also the trader should understand that this trading software is also new in the market.
AutoGain binary options trading software is relatively new in the market. Also, there is not much information available in its official website that would make us rate it as being 100% genuine. There is totally no information about its developers nor their intentions while developing this software. In addition, there is no document like account history, which would at least shed light on how AutoGain trades.
Binary options traders should therefore be cautious with this binary options trading software.
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