Today I’ll be investigating the dynamics of this trading service and letting the binary today readers understand the potential of this type of trading offer.
Is really a lot to take and when looking at the Trade4.me website for the first time. The concept is quite simple, there is a leaderboard on the website populated with actual traders and you can follow their exact trade signals and use them yourself. Here are some of the community statistics the service boasts.
- 3748 Traders
- 13506 Traders copied
- Top 3 Traders Win Ratio 62%
There are a few potential issues with the service like Trade4.me. Firstly, if you go into the leaderboard and take a look at the last 3 months the winning ratio is very poor. The highest level of profitability in the leaderboard is $247 which is just not enough for me. This trader achieved to win ratio 67% but has anything traded in a month. It looks as though 6 of the top 7 profitable traders on the website all having traded within a month. I’m not sure if this is a signifier that the site is no longer being used by traders but this certainly isn’t a good sign. You can’t follow trades from a trader that isn’t trading.
My only other issue with Trade4.me is that it only works with a specific few brokers. Here is a list of all the compatible binary options brokers:
- Banc De Binary
At this point in time I see no reason to give Trade4.me the binary today seal of approval. I believe that the concept is strong and can certainly be developed into something stronger but if there are no traders providing signals then the service is useless and that seems to be the case right now. If you have something you would like to add to this review or you notice that traders are starting to provide signals again please let me know immediately. I appreciate you coming to the site today and I hope that you spend more time on binary today getting to know myself and the community.