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Managed Accounts

Published on August 10th, 2017 | by John Kane

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Managed Account Review: Samba Binary Options

Managed Account Review: Samba Binary Options John Kane

Summary: This service comes across as incomplete, with some familiar connections and associations that make it less than ideal.

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Today I’m looking at a new managed account service that’s promising traders a 160% monthly return on investment, Samba Binary Options. This type of return is astronomical, and very difficult to believe. Hopefully the vendor provides us with some actual results to verify such a large number, but I certainly have my doubts right out of the gate.

The developers of the software are Paulo Santos, Nick Roach and Mitch Skolnik. Their offices are located at Rue Arsene Houssaye, 75008, Paris. All 3 of these developers have a very short history in the binary options market, and it’s all associated with another managed account service that I reviewed in late March. I’ll get to this in a minute. To contact support, traders are required to fill out the contact form on the sales page.

Samba Binary Options Review

This managed account service promises 180 trades per month, a monthly return on investment of 160% and “778% accuracy trades,” whatever that means. In order to get access to the Samba Binary Options managed account service traders have to register with one of 4 separate brokers, Omenda, CTOption, Finpari or BinaryMate. The service itself consists of both auto trading and trading signals that are supposedly generated by professional traders.

In the about us page, we are introduced to a handful of different traders that are proficient at technical analysis, fundamental analysis and price action. Yet, if you look closely you will see that this page is replicated exactly from the Mambo Investments managed account service.

This wouldn’t be an issue, except that the mambo service didn’t fare very well in the binary options market, and it looks like this is by the exact same traders.

Breakdown

  • Type: Managed Account Service
  • Price: Broker Deposit
  • ROI: 160%
  • Trades Per Month: 180

It’s really difficult to believe any of the results on the Samba Binary Options web-site. The guarantee of a monthly return of 160% is absurd. Not only is it unrealistic, but it’s just unfathomable. There isn’t a broker in the binary options market that would allow that automated service like this to win at such a high rate.

Trading Results

Despite the promises of winning percentages, the only results provided can be found on the Samba Binary Options Facebook page. Every couple of days they show us a handful of trades in screenshot form. If you look closely at the results, it appears that they quickly place 5 to 10 trades at the exact same time on a daily basis. This doesn’t come across as a very strong strategy, and is likely just a means to quickly have results available for their Facebook group.

There is nothing about these results that make me any more confident in the service. Personally, I have zero faith in any binary options managed account at this point in time.

Conclusion

The main issue with the Samba Binary Options managed account service is the lack of real transparency. There are a handful of statements and promises but nothing that really proves that this is a viable opportunity. On top of that, they are dealing with some unregulated brokerages and using the deposit for access model which is getting old. There’s no way that I can recommend this service to any of the binary today readers.

Please let me know you think about the service by leaving a comment or review below the article now.

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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.

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2 Responses to Managed Account Review: Samba Binary Options

  1. phil lyon says:

    are there any real managed accounts

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