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Published on May 28th, 2016 | by John Kane


Fox Binary Signals

fox-binary-signalsFox binary signals is a new service taking a new approach in the binary options market. Their goal is to provide a quality product at an affordable price so they can reach as many people as possible. MT4 is required to use the signal service but this is a free platform, so that’s no issue.

Today I’ll be reviewing this service and informing the community about whether or not it’s worth the €45 per month.

Your Rating: 1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 2.80 out of 5)


Fox Binary Signals Review

The first thing that caught my eye is Fox binary signals usage of my FX book. My FX book is a trading statement service used heavily in the Forex market to provide verified proof. The website like this is the one thing we are really missing in the binary options market and I’ve reached out in hopes to develop a platform like this but the brokers are very receptive to the idea. Regardless, the use of my FX book in this particular case does offer a layer of transparency that’s often missed in the binary options market.

In looking at the Fox binary signals trading account we can see that their main focus is on 10 minute expiry trades. They target 5 to 6 different pairs and provide on average 2 to 5 signals per day. When looking at the my FX book account you have to understand that the growth percentage shown has nothing to do with binary options. What we have to look at is the winning percentage because that’s what’s important in binary options, how many trades you’ve won, not how many pips you’ve made. Obviously, if you want to use the signal service for your Forex trading you can do that as well but considering the short length of the trades and the small PIP gains I wouldn’t recommend it. Commissions and spread would eat these gains up quickly in a live Forex account.


Fox signals winning percentage

So where does that leave us? That leaves us with a winning percentage of 60% on all the trades that have been taken so far. At a 60% win ratio it will be very difficult for you to grow your binary options account quickly, but there’s nothing wrong with steady gains.

As of right now I am on the fence about my Fox binary signals recommendation. While I certainly appreciate the transparency this developer is bringing to the marketplace I’m not sure if the 60% win ratio is appetizing enough for me to jump in tonight. I plan on following this my FX book account to see how effective this system is on a long-term basis. When I know more about the signals and I’ve heard some community feedback here at binary today that I’ll come back to this review and edit it with my findings. Until then, thank you for coming to my website and I hope that you have an excellent weekend of rest and relaxation.

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About the Author

I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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