Perpetual Formula Review
Given the risk involved in trading binary options, it is the dream of every binary options trader to make as most profits as possible. Actually, any binary options trading software that can prove to always make profits from the trades that it places without ever making any losses would be a real game changer. If this can really happen it can win the hearts of every trader.
However, it’s a mere fantasy to always make profits whether by trading binary options using a trading software or by manual trading. Especially when it comes to the trading software, having a binary options trading robot that will always make profits is actually not possible. The programming of the software depends on a lot of financial and market factors. Most binary options trading software have an efficiency of around 70 – 90 percent.
It is acceptable to have a binary options trading robot that makes a losing trade once in a while provided that the losses are far much lesser than the profits. Actually, this shows that the robot is real. That is why binary options traders should be very careful when looking for a trading software. They should look for trading robots that are realistic in their trading efficiency and not be carried away by being promised that the trading software will make 100% profits.
We have done an in-depth investigation of the Perpetual Formula in an effort to help our binary options trading readers to find out if it is a scam or a legit trading tool. Read our full Perpetual Formula Review to find out more about this binary options trading software.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
- Perpetual Formula is fully automated and thus will not require any human assistance
- There is very shallow information available about the robot.
- Its algorithm is not based on market research and analysis but it is rather based on financial news which can turn out to be really disastrous for traders
Not Reliable Service
What Is Perpetual Formula?
Perpetual Formula is a new binary options trading robot that was launched in 2002 but has been undergoing improvements over the years until it was recently released under its current name in 2011. Its developer is called Mr. Parker.
Mr. Parker claims that Perpetual Formula trading system only places profitable trades and therefore ensuring its users a 100% return. The developer also goes ahead and tells how this binary options trading system has made over $1 billion since its launch in 2002. Although this figure seems to be really huge, it isn’t huge given it is considering a period of over 10 years. Any profitable binary options trading software should make far much more for the same duration. We saw this to be a way of getting the attention of the inexperienced binary options traders.
In another claim which seems to be targeted towards the newbies, the presenters claim that there are only 20 slots remaining. Our concern was why this slots never reduce over time. Does it mean there are no new customers joining or it’s just another scam in the market?
Furthermore, we could not find any proof from any traders who have used this trading software and it has made him or her the number of profits that it claims to make.
How Does It Work?
The developer claims that the Perpetual Formula is a fully automated binary options trading software. Therefore, the trader doesn’t have to be in front of his or her computer at any one time after he or she authorizes the robot to take over the trading work. This also makes it possible for the traders who have no trading experience or any knowledge of the binary options markets to make many by trading binary options.
The trader will have to make a minimum initial deposit of $250 for him or her to start trading using this system. Although this is fairly relative looking at other trading robots in the market, the trader should be very careful to ensure that he or she is trusting his or her hard earned investments to a genuine trading software.
The Perpetual Formula is programmed to read the financial news all over the world and uses this to place its trades. The algorithm of the robot is not based market research and analysis as most binary options trading software are. Although this seems to be sophisticated, it is also a hard thing for any trading software to achieve this.
Final Conclusion: Is Perpetual Formula a Scam?
Given the exaggeration of the information found on the Internet about this trading software, it is hard to term it as a legit binary options trading software. The developers have overstated its capabilities; for example, its ability to make 100% profits.
Also, the developer claims that it has made $1 billion for its users for the over 10 years it has been in the market. This figure is not only very small compared to what genuine binary options trading robots can achieve in the same duration of time, but we could also not find any proof to back this claim.
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