BinaDroid, found online at BinaDroid.com, is a new type of trading software that was created using the Android operating system and promises to help people with little to no experience begin making investment profits right away.
This software is designed to work with binary options trading, a specific type of trading that has recently become popular, partly because it provides a high return on investment, but also because it offers these high returns extremely quickly.
Investors will be asked to decide whether the value of a certain stock will rise or fall in a specific amount of time as short as 60 seconds, and BinaDroid promises to make this decision for you, so you will be able to immediately begin collecting profits, even with zero knowledge or experience.
What is BinaDroid Promising?
According to their website, the BinaDroid software is actually the same software being used by many other large scale, professional investment companies and has been making them thousands of dollars of profits each and every day.
But now, BinaDroid is available for the first time for individual investors to use as well, as long as customers create a brand new account with the binary options trading platform they have chosen. Customers who have existing accounts with binary options platforms will not be able to use those accounts – access to the software is only available when you open a brand new account.
Once you have established your new account, you can begin using this software to make your own money, and the website states that their software will make the correct investments 88% of the time, so you are guaranteed to make money.
The Problems
Though BinaDroid pretends as though they are a professional investment software system that it is so established and successful that they are actually used by Wall Street investment firms, the truth is that they are simply another investment bot marketing tool whose only real goal is signing up customers for a new trading account.
The reason customers are unable to use an existing trading account with this software, is because BinaDroid makes money whenever they bring a new customer to the platform of their choice. So even though they claim their system is free of charge, they earn money whenever you decide to create an account with their platform.
And since they let their investors use their system “for free” they have no incentive whatsoever to help people earn money. Their only goal is to sign up new investors for trading – if the investors they have signed up lose money and quit trading, BinaDroid already has their money in the bank.
The truth is that all automated trading software is a waste of time and money, so customers who are interested in binary trading would be much better off reading and studying this type of trading and working with a platform and a licensed adviser directly, than relying on one of these “get rich quick” systems.
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