Binary X Trader software was released many months ago. By the time the system entered the investment market it was reviewed by many professional traders and marked as a scam. However, the resurgence of interests in this trading app is because of the aggressive email marketing campaign adopted by the robot creators. Since then, we have received questions from our readers on whether to use the trading app or to try something else. We have decided to review it to discover if there is any new thing that is added to the bot to make generate the new interest.
Just as said before, there is no new thing in the BinaryXTrader app that can make us to change our stand about the scam trading robot. One thing of interest in the app is the claim by the presenter and creator Jeff Foxworth that the trading app is free for the first 60 days of its release. We have checked the day the system was created and we were sure that it was created in July of 2015. Does it then make any sense for somebody to claim that something he created in July, which is more than seven months, is still on trial test? The fact is that BinaryXTrader has never been on a trial test even the time it was released to the market new in 2015. For it to be free, it means that you can use the app without spending your money not even to fund your live trading account. We have seen this pattern in all the scam apps we have reviewed here. Before you can use the Binary X Trader, you must spend at least $250, which they usually claimed is to fund your live trading account. When you see such words like: we do not need your credit card coming from them; we know that they are set to mislead traders. You must fund your live trading account, is that possible without using your credit card? Without your card, what are you going to use to fund your account? The lies, which we observed when the fake trading was reviewed, were very much around.
One thing that baffles us is why the app creators decided to re-launch the marketing campaign without changing the video content and the web design. Many people who were used to the presentation video would not be attracted back to the trading app simple because the marketing strategies have changed.
Why Binary X Trader is a Scam?
BinaryXTrader relies on Fake identity
We are still not clear on the real identity of the founder of BinaryXTrader trading system. He called himself Jeff Foxworth, but the trading system refers to him as Jeff Gold, because of this obvious contradiction in name, it becomes difficult to trace his real identity. The video presentation carried on as if they do not observe this red flag. To them they would be hiding under a typographical error, but it is a strategic ploy used by the app creditors to deceive users. Because of this, it is extremely difficult to determine the real owners of the app. In any case, whether it is Jeff Gold or Jeff Foxworth, the two names are fake. There is nothing to show that any of these names have something to do with the binary options market. They do not have any social media profile, and when you check them on Google and other search engines, you cannot discover anything relating to the binary options investment, except of course this scam app.
False earnings claims
Jeff and his team of scammers claimed that BinaryXTrader app could earn them as much as 13,000 to 15000 dollars every trading week. This claim is nothing, but absurd. It seems that Jeff and his team were trying to push the software so that people can buy it by all means. They are not interested in cross checking the stories they sold to people. If they were professional traders, they would have known that many people would not be persuaded by that false claim. It stated that it can earn that bogus amount every week, but has not told us how that will become possible. They did not even tell us the level of investment that we make that can guarantee that huge earnings.
We have discovered that both Jeff and his team were affiliate marketers who can make any story to fill their pockets with money. When you want to make money from any financial assets market, two things that matter most include your prudent financial management strategy, and your initial investment capital. These important points are often ignored by these scam websites while making their presentation.
We have studied the screenshots shown on the video and the website. They presented this as evidence of earnings from BinaryXTrader app. We are convinced that these were fake earnings because they cannot be substantiated. That screenshot is a product of photoshop. Anybody can produce similar things using photoshop technology. The truth remains that Jeff and his cohorts have failed to convince us how the app can make money. They did not disclose any believable algorithm that can make that huge income they claimed. Traders are not moved by huge figures brandished on websites; rather they want a verifiable explanation of how those earnings can be made. These are lacking in that system and that is why we branded it a scam.
Conclusion – Binary X Trader is Scam.
It will be a bad decision if you decide to invest on BinaryXTrader system, because it is a waste of money. This app has not changed and you are not going to earn anything. We have other profitable apps here that can aid you here; you can try any of them.