Binary X Trader

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

7 Binary Options

With new automated binary trading platforms emerging every day, one may be confused as to which one to choose. So many systems turn out to be scams as people are losing thousands of dollars; however, there are plenty of reliable systems. Traders just need to take a few minutes to read up on a trading system before signing up with a broker. In the following review, we shall take a look at Binary X Trader to see if it is reliable or just a typical scam.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • Fully automated trading system
  • Website design is user-friendly
  • Negative reviews far outweigh the positive testimonials
  • No one has yet achieved anywhere near the profits promised on the website
  • Customer service is unattainable
  • Promised Profits are unrealistic

7BO Verdict:

Not Reliable Service

What is Binary X Trader?

Binary X Trader is a fully automated trading software that was designed by Jeff Foxworth. The system supposedly reads every single trading signal, analyzes it, decides if it is a winning trade, and then makes trades on behalf of the user. However, we are not given any information as to how the system analyzes this information, nor are we provided with any company information. In fact, when we tried to find some background information on Jeff Foxworth, we could not find any information tying him to Binary X Trader. The system does not appear to be legitimate. We tried to reach out to customer service and could not get a response. There are just too many negative reviews on this trading system for us to give it the green light.

According to Foxworth, one can earn up to 15 grand a week with Binary X Trader. Again, we need to point out that this high-profit margin is just not realistic. There is no legitimate trading software that can earn this much money in such a short time. It is just not possible. More reason to doubt the validity of this trading system.

How to Get Started

As with any other trading system, you must first create an account and then register with a broker from their list of recommended brokers. It must be said that none of the brokers on Binary XTrader appear to be licensed or regulated, so we find this highly suspicious, Just another red flag for this trading system.

Next, you are required to pay at least $250 as your opening deposit and only then can you begin trading. Once you have chosen your settings, the system will initiate trades for you. If and when you earn a profit you may then start the withdrawal process, which varies by broker.

We should point out that in our research, we discovered that traders did not only not make the profits they were initially promised, but they lost their initial investment and were not able to get a hold of customer service to inquire as to what happened to their money. We strongly advise that you do not sign up with Binary XTrader.

Is Binary X Trader a Scam?

Again, we cannot say for sure that Binary X Trader is, in fact, a scam. However, we do not recommend trading with this software. It is unreliable and has not yet produced the profits it promises on the sales page nor in the preliminary video. We also could find no information to prove that Binary X Trader is a legitimate company, or that Jeff Foxworth is a real person. If you chose to sign with this system, you are doing so at your own risk.

Final Conclusion

We simply cannot endorse this trading system. There are just too many loopholes and red flags for us to give our stamp of approval to Binary X Trading. We find the lack of unbiased reviews to be disturbing. We urge you to sign with a more tried and true trading system.

Binary X Trader

Binary X trader is a new automated options trading robot. The developers of this software tell us that their trading robots are handcrafted by professional stock analysts, investment brokers and Forex traders. Considering this is a binary options product I hope they have some actual binary trading experts as well.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Today I’ll be taking a closer look and reviewing the details provided by the vendor and informing the binary today community of my findings.

Binary X Trader Review

The binary X trader sales page consists of some quick instructions and an introductory video. It says on the website that the software can be purchased for $299 or if you register with a preferred binary options broker you can bypass that charge. I have reviewed the entire website and I get to find any payment page where I can purchase the system. Considering I already have brokerage accounts in the binary options market I don’t want to open new accounts. I would much rather prefer using the accounts I already have open because they are already funded and with brokers that I trust.

In the promotional binary X trader video we are introduced to Jeff Foxworth and he tells us that his automated trading robot is highly lucrative and available only to a limited number of people. I’ve heard this over 100 times in the past few months. These systems are never limited because they are pushed out through affiliates to thousands of people via email lists. Tells us in the first week of trading with his system here in $259 in 5 minutes, $340 and 30 minutes and $550 in 60 minutes. There is no proof or trading track record to back up these results, they are simply specified in the trading video.

Today I will not be recommending the binary X trader automated trading robot to my readers. There’s obviously a few missing puzzle pieces here and there is nothing overly impressive. This is just another system where you have to register an account with a new binary options broker and start all over again. I’m tired of this process and I’m sure you are to. If there’s something you would like to add to this review please leave your comments and questions below the article now. Thanks for coming to binary today and I hope you have a wonderful afternoon.

Online Trading with Binary.com

Trade 24/7, even on weekends.

Create free account with

Diverse platforms and account types

Trade binary options on a wide range of web and mobile apps. Each comes with unique strengths that complement a variety of trading strategies.

Trade binary options on a wide range of web and mobile apps. Each comes with unique strengths that complement a variety of trading strategies.

Practice account with replenishable USD 10,000 virtual credit.

Real-money accounts with your choice of fiat and crypto currency.

Trade Forex and CFDs on our popular multi-asset platform.

Trade Forex and CFDs on our popular multi-asset platform.

Practice account with replenishable USD 10,000 virtual credit.

MT5 real-money account for Forex and CFDs.

MT5 real-money account for Synthetic Indices only.

Choose the platforms and accounts you need, based on your personal trading style

Trade in the world’s financial markets

Options that offer a fixed payout based on a simple yes/no proposition.

Major, minor and exotic currency pairs.

Cryptocurrency pairs including Bitcoin, Ethereum, and Litecoin.

Financial derivatives that allow you to trade on the movement of underlying assets.

Precious metal pairs including gold and platinum.

Options that let you “look back” on the optimum high or low achieved by the market to determine the payout.

Choose from 100+ tradable instruments, backed by award-winning technology and innovation since 2000.

Award-winning trading excellence

Payment methods

We support hundreds of deposit and withdrawal options, including Bitcoin.

Our Company

Education

Banking

Trading

Partner With Us

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information.

Binary.com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: