Every week it seems are we are being bombarded by ads for binary options automated trading systems. There are so many, how do we know which ones are reliable? Will we earn a profit or lose our money?

The best way to find out about a system is not to invest money in it and hope for the best. The best way to get an idea about the reality of trading software is to read up on reviews and critique of the system.

Binary Boom is one such trading system that claims it runs completely on autopilot and can earn traders upwards of thousands of dollars in just days. In our Binary Boom review, we will take a look at this trading bot to see whether or not it can be trusted with your money.

What is Binary Boom?

Binary Boom is a binary options trading system which can be set up to trade automatically if you so desire. Apparently, the system guarantees traders a total of 60 signals a day. They can either determine which signals they wish to trade on or set the system to place the trades for them. The creator of the system Dennis Anker claims that even a novice trader can earn thousands of dollars with Binary Boom in just a few days.

There is no information provided in the sales video or on Binary Boom home page to suggest as to how they generate these signals or analyze their trading data. There is also no licensing information for Binary Boom, nor contact information. There is also lack of sufficient evidence that anyone has actually earned a decent profit with this system.

How does it work?

Similar to other trading sites, you must open an account with a broker that is recommended by the system and then make a deposit of at least $250 before you gain full access to the trading software application. If you earn anything with Binary Boom trading software, you may then initiate the withdrawal process to get your money. During our Binary Boom review, we discovered that their withdrawal process is very time-consuming. Also, we had a difficult time determining if any of their brokers are actually regulated by a governing system such as CySec. We find the lack of information available about Binary Boom to be disconcerting.

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Final Conclusion: Is Binary Boom a Scam?

While we cannot say for certain at this moment that Binary Boom is an outright fraud trying to steal your money, we do not trust the validity of this system. Until we see more positive reviews stating that traders have actually earned a profit trading with this system, we cannot stand behind Binary Boom. We distrust their lack of information regarding their company and how their system actually operates. We feel that you would be better off trading with a system that has proven results of actual profits from unbiased traders who have actually used the system.

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