Fox Binary Signals Review
In most cases, these binary options trading software is freely downloadable from the Internet. However, there are a few that require traders to dig into their pockets so that they can use them. Although the paid binary options trading software seem to appear more legit and genuine than the free binary options trading software, that is not always the case. Fraudsters have mastered the art of winning the trust of the traders by doing everything possible including attaching a cost to their scamming software.
Binary options traders aspiring to use the trading robots should be very careful to do an in-depth research about every trading software before making up their minds to use them. That is why we have done a thorough investigation about the Fox Binary Signals trading software to help binary options traders to understand if it is a scam or it is legit. Read our review to know more about this software.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- It claims to generate signals to help traders in placing orders
- It is not free. The trader will have to pay €45 per month.
- There is no proof that it works for the binary options market. The snapshot provided in the official website is of a Forex demo account rather than being of binary options trading account
Not Reliable Service
What Is Fox Binary Signals?
Fox Binary Signals is a new binary options trading software. It comes with a price. A trader who wants to use it will have to pay a price of €45 every month he wants to use it. However, from the information available, it is not clear whether this price is worth it since there is no proof that it generates super profits.
To our amusement, the names of the developers and the company behind this binary options trading software remains a secret. But we were able to find that the official domain of this software is registered under the 1&1Internet Limited Company.
How Does It Work?
After paying €45, the trader will be guaranteed of the services of Fox Binary Signals for a month.
This software is unique from most of the other binary options trading software. This trading software provides signals to the trader and the trader has to manually place the trades on his own. It is not the software that places the trades like other trading software do.
The signal provided by Fox Binary Signals can be directly delivered to the subscribed trader or the trader can visit the official website and get the signals under the ‘life signals’ section.
Then, for the trader to use this software, the trader will also have to register with a suggested binary options broker where he or she is will deposit his investment. The broker needs not be of your choice and this was somehow suspicious. The broker may turn out to be unregistered and worst even a scam.
Other than the €45 per month, the developer has not defined any minimum initial deposit. This is probably defined by the broker that is assigned to the trader.
The developer of this system claims that it has a win rate of 60%. In addition to the win rate being below the desired win rate of 75%, which is required to at least make profits, there was also no proof that the win rate of the signals is actually 60% or below.
Final Conclusion: Is Fox Binary Signals a Scam?
The developer of Fox Binary Signals tries to provide every information that is required to qualify a trading software to be genuine. The developer has provided a snapshot of a traded account to try and prove that the software is not a scam.
Unfortunately, in the bid to try and cleanse the software from being termed as a scam, the developer makes it more evident that the system may be a scam. The snapshot provided on their official website is actually of a demo forex account rather than being of a binary options trading account. This is a red alert to binary options traders. This software may never work for your binary options trading account and you may end up paying €45 for a total scam.
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