Published on October 27th, 2015 | by John Kane3
XTP App Review
XTP App is a new binary options beta test product that requires traders to register with a binary options broker to get access to a trading system. This is very common in the binary options market, and generally these types of systems do not live up to their expectations.
Today I’ll be reviewing this product and letting the Binary Today readers discuss under the article whether or not we should move forward or approach this with skepticism.
XTP App Review
The XTP app website is as simple as they come. There is a short video, an email subscription form a members area with another short video and registration form. In the video the producers of the product tell us that the beta version of their software turned a tiny account into over $100,000. After this, we are told that this is not a lame get rich quick scheme, despite sounding and looking like one. Then they tell us that we have to deposit money with their recommended brokers because it’s only compatible with a few. The developers of this app say that they’ve gone undercover to expose trading industry scams and filter out the shady brokers. There is no proof of this anywhere on the site, just a claim in the video.
As the XTP App video goes on, my interest wanes. Now, I’m starting to see some live trades the developer is taking with the GTOptions brokerage. They show a few trades in a row on an account they say is live, this is not proven. After a few trades the video comes to a close. All that we’ve learned is that this system can win in a very small sample size. This doesn’t prove to me that it’s profitable, only that it has some potential.
I won’t be recommending XTP App to the binary today community until more information comes to the surface. I appreciate new product developers but generally not those that provide little to no information. I am not very impressed by the video and it doesn’t give me the confidence I need to take the next step. Please let me know what you think by writing a comment so we can discuss this system and decide if it’s worth our time as a team. Thanks for coming to binary today and I hope that you spend more time here learning about my binary trading strategies.
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