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Published on August 14th, 2020 | by Sara Kane

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German Binary Robot Review: Profitable trader or a scam?

German Binary Robot is an automated trading robot that is designed to provide traders with automated trades in Binary options. They claim to have a system that is fully automated and can help detect profitable trades and capitalize on it simultaneously. This will supposedly allow traders to make hundreds of dollars in profits without having to spend any time in front of the software. The best part of this robot is that it is available for free after you sign up, so you can test whether it is actually a profitable trading software or not. The site does not specify exactly how the Robot works, but it supposedly attracts profitable trades based on an algorithm system designed by a retired German banker. Hence the term “German” trading robot. While it is true that users get a free trial month for which the robot is free, there are many other factors that you should take into consideration when investing in this site. This is because there is much more to consistent trading than getting some profits off your free trial.

German Binary Robot was founded in 2014 by a man allegedly known as “Nobert”. He is an ex-investment banker who has created this site to attract binary options traders. While they are actually registered, they haven’t provided much contact details, so it is very difficult to get into contact with them. The site is based in Germany, but they have not provided any physical address. In addition to this, the only way you can contact them is by filling out the contact form on the website and providing your email address. Keep in mind, however, that they may take some time to respond to your emails. Unfortunately, you cannot trade with this site if you are a US citizen because of regulatory rules. You can see more information on their site at: germanbinaryrobot.com.

German Binary Robot Review

When you go onto the German Binary Robot site, you’ll notice that a lot of the promotion is based on the fact that it was created by a successful investment banker. You will be prompted to start your free trial once you sign up for an account.

The signup procedure is quite simple, except for the fact that you will have to enter your payment info. While they do say that the first month is free, you will still have to deposit the minimum of $250 to start trading. This is where most people get confused. It is a sly strategy used to convince people to sign up. Once you sign up for the robot and deposit the initial investment, you will be given access to the trading robot. It is basically an automated software that is supposed to trade for you and you’ll notice the trading results afterward.

Strategy

While it is clear that German Binary Robot uses an automated software to generate profits in binary trading, they have not provided any details on how this works or what strategy the trading robot is based on. This makes it difficult to assess whether the trading robot is competitive or not, unless they can provide proof on the site of real trading results. While they do mention that the trading robot works on an advanced algorithm, this information is too little to assess their trading strategy.

Analysis

  • Company: German Binary Robot
  • Product: Automated trading Robot
  • Cost: Free
  • Minimum Investment: $250
  • Trading strategy: Unknown
  • Trading results: Unverified
  • Customer Feedback: Mixed

You may be interested in looking into other similar platforms… Binary DestroyerBitcoin Fast ProfitFX Coin Bot, and Crypto Omega.

Trading Results

German Binary Robot has provided a link to their supposed trading results on the site. However, when one analyses this carefully, you’ll notice that there is not actual data there. This makes it difficult to verify whether this robot is actually working or not. No third party has verified the data that they claim to be their trading results. Without this, the effectiveness of the trading strategy cannot be determined.

Client Feedback

German Binary Robot’s customer reviews are quite mixed. Some customers claim that it was very profitable and the sites results were amazing. However, other customers claim that they win 2 trades for every 8 that they lose. That is a 20% win rate, which is quite low. One thing that you should probably note about their feedback is that the customer feedback in the early days were quite positive, but recent feedback tells a different story, so you should be wary of this site.

Conclusion

German Binary Robot is an automated trading robot that they claim is available for free. However, in reality, you still are trading with your own money and the site has no verified trading results to prove their claims. They have also not provide any contact details, addresses or trading certificates. Another thing to be wary of is the poor customer feedback, where this robot has achieved a win rate of only 20%.

Have you been considering to use this service? OR, have you had any experience with this company? If so, we would love to hear from you, share with us in the comments section below…

German Binary Robot

$250 (minimum investment)

3.1

Price


2.0/10

Strategy


3.5/10

Trading Results


3.0/10

Client Feedback


3.0/10

Customer Support


4.0/10

Pros

  • The company provides a one month absolutely free trial
  • They claim to have developed an efficient automated trading robot employing an advanced algorithm

Cons

  • The company has not provided sufficient contact details
  • They appear to be based in Germany that makes it difficult for most users to access physical address
  • You cannot trade via this site if you are a US citizen


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