So here it is. Option Robot is a robot that trades binary options. The first thing that should serve as a warning with Option Robot is that it uses Martingale as one of the money management systems. We have warned against Martingale several times and we are going to do it again now. Martingale basically means more than doubling your investment if you get a losing trade until you get a winner. This really can wipe out your account in a matter of minutes if you get a series of bad trades, which happens regularly in trading not only binary options, but in trading in general.

So any trading system that uses Martingale with binary options is extremely dangerous and you should stay away from it.

Binary Option Bot Real Review and Results

Although the presence of the Martingale system is enough for us not to recommend Option Robot, we decided to test it anyway. So we opened an account and started demo trading. And we immediately saw that there was something wrong. We did not change anything else in the settings.

Alert – Option Robot is a scam – real review

As you can see, the Option Robot demo is faking trades, this trade should have been a loser. The price was going down, but the robot closed the Call option as a winner, although in reality it should have been a loser.

You can see that the Option Robot demo price feed is not the same as the real price feed, after the trade is open it shows a price spike that never happened.

So trading on their demo can be very misleading. It is the same as with Ultimate4Trading , a fake demo will make you believe that the system is profitable, but if you open a real account through Option Robot and deposit money, it is very possible that you will lose it.

Option Robot is just another scam promising profits on binary options, but its real aim is to make you open an account and deposit money with one of their brokers, because they will get paid for it.

If you want to try binary options, do it on a free demo that is real with real results. Only then you will see what it takes to make money with binary options, no free robot can do this for you. Hi manager, if you go to optionrobot. Can you confirm that again does optionrobot. A demo must emulate a real trading environment. If a demo uses a an inaccurate price feed, it has misleading results, it is fake, worthless and should not be there, as many people can base their decision on that demo.

The demo should show what you are buying, which is not doing, it is showing something unreal, therefore we consider it to be a scam. A lot of these scams are using fake demo accounts and all these YouTube scam artists are promoting and praising these nasty scams. Every day they have a scam scam to promote. In relation to OptionRobot. This All being said, Has Anybody actually opened an account with them and traded?

I am very curious as to hear the Actual results as this site appears more genuine than All of the other sites I have researched?

We have users reporting us that they have lost money with Option Robot. One of them made post under the video: Thank you for your reviews I was just researching on Binadroid and Option Robot and as per your reviews they are both scams, can you help me in suggesting a scam free auto binary robot.

WatchDog Speaks Out! | Binary Options Watch Dog

Please realize that you basically are looking for somebody to make you money for free and such a thing does not exist in this world. I highly recommend copybuffett. Hi John, Is there such a thing as a genuine money making robot even If I have to pay for it , I have tried a number of the free auto robots to my detriment. I believe that learning and manual trading is the only way. One last thing John. I see from your answers what the outlook is here, so can you point me in the right direction as to where I can learn and understand manual trading?

I used their affiliate brokers binarytilt and optech. The demo for each indicated excellent results. However the real money mode was a total loss. I believe a class action law suite should commence. If you have a bad experience with optionbroker. Hi, see here for no deposit free demo accounts.

I opened an sccount with optionrobot. The robot does not even trade in real mode. After several mails and loosing my money I still got no response from them.

The Optionrobot is a scam, it is not connected to any of the brokers it revers to. The brokers are happy because they see your money comming in after you have opened a account with the minimum deposit.

It would not surprise me if the robot is designed by the prefered brokers to get your money on their platforms. There are scam you tube artist who even promote the robot,, maybe also payed by the brokers.

The business is a big scam. Hi, BinaryRobot is a scam. I reached this site, after opening a demo account in that optionsrobot. I picked stockpair as a brooker. The robot started increasing my demo account too fast that was not a good sign. When looking to the live data at the robot side and at the stockpair side it was completely different. Before this site i was also looking in some other sites, searching for some reviews about that robot stuff and i found some good reviews about them even in sites that should have a good reputation.

Finally i came here and all my doubts where clarified by the reviewer. I can see also in the posts that his answers are from someone with good sense. I was so disappointed with this system. Boy do I feel stupid. I should have known better. Not one position came in. Went back to optionrobot they asked for money too, when I told them I will invest when I educate myself and right now I just want the free account there was no answers back.

No email answers I cant even chat with them. Took all of 20 minutes. Researched the best algorithms and won twice in 22 goes. Do not touch it with a barge pole. Tested OptionRobot with 24option. It showed great results in demo mode, and then I quickly lost my deposited min amount of Euro in some minutes.

All risk management settings were on.

Noticed, that robot placed several consecutive CALL orders when the trend was the opposite. Well, it was stupid just to look and wonder what will be next …. Thank You Guys For Your Good Understanding about option robot that is a scam, you have made my day, Thank You Once Again, Mduduzi Wiseman Dube, Soweto, Johannesburg, South Africa. I was also drawn to option robot because it generated very high winnings rates when in demo account coupled with 24 option.

I select all rules and pairs with 2 conservative strings to trade. Not sure can I trust trading robot again in the future. I followed their advice for guaranteed profit and lasted a couple of hours before I was wiped out. I know how you all feel My broker Lbinary committed fraud and stole all clients money and disappeared , must have got away with millions , including all my money.