Published on May 24th, 2017 | by John Kane0
Don’t Trade With: Smart Simple Bot
Summary: This software uses a fake demo account to try and show you how profitable it is, not good.
Today I’m looking at a new binary options trading system that executes all trades automatically, Smart Simple Bot. According to the sales page, this product is the only “100% profitable auto trading binary robot.” The developers claim that they have an average winning rate of 89.7%, but it doesn’t look like they have any stats to back this up.
The location of vendor is not listed, and there is also no contact form or e-mail address for support. There is no way to get in touch with the vendor.
Smart Simple Bot Review
As is frequently the case with binary options products, there is really very little to discuss regarding the Smart Simple Bot. The sales page for this system makes the vendors come across as marketers and not traders. They tell us that the bot was created by a team of “professional binary options traders who have tested and tried many algorithms and strategies” but we are not introduced to any of these so-called professionals, nor we introduced to any of these algorithms or strategies.
The developers really seem like they are grasping at straws and trying to find a way to obtain clients without telling them anything. When investing, you should always have a firm grasp on the concepts being promoted by any development group. In this case, we are told that there are strategies, but we are never told anything about them.
- 100% Real Automated Trading Software
- Free Demo Account
- 89.7% Winning Rate
- Very Simple To Use
These are essentially the exact same points we see with every automated trader that doesn’t follow through.
The demo account which is supposed to fully represent the Smart Simple Bot is a total sham. If you go into the demo account, the software will automatically start winning trade after trade but if you look closer you can see some obvious issues.
The main problem with this demonstration, is the fact that the prices aren’t even close to the real market prices. Open up your actual broker account, look at the open price and compare with this demo. You will find that the price isn’t even close to the actual market prices.
It’s 100% Fake.
I would go on, and discuss more about the Super Simple Bot, but I feel like I would just be wasting your time. Any developer that is using a fake demo account to make it seem like their software wins nearly 90% of their trades, cannot be trusted. It’s important that we as a community understand what trading systems are profitable, and what trading systems we need to avoid. This is clearly another binary options trading system that we need to stay far away from.
Please let me know what you think about this trading system and any other binary options product you would like to have me review. Thank you for spending your time here, and please let me know if you ever need any help.
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