Every day, it seems that there are new binary options automated trading systems popping up online. Some of these are legitimate software applications that can earn traders substantial profits while others are clearly cleverly designed scams. Financial Herald is a fairly new automated trading system that claims to produce significant profits for traders. Is this system one of the good guys or just another ripoff? Read our Financial Herald review for more information.

What is the Financial Herald?

With a name like Financial Herald, you would think that this trading system is among the cream of the crop. We did a thorough investigation of this trading software and we were disappointed to find out that despite its name, this system is not what it appears to be.

Basically, the system claims to send traders over 100 trading signals a day thus resulting in profits of upwards of $4,500 every day. This would mean an average earning of 13.5 grand a month which means over 1.6 million a year. Again, we need to remind our readers that while binary options can be extremely profitable, numbers like those are just not realistic.

Binary options auto trading bots can be extremely risky and potentially dangerous if you don’t take the time to investigate a company before signing with one of their brokers.

How does it work?

As with any other automated trading system, one needs to simply create an account by entering the necessary information (email, phone number, etc) and then registering with one of their recommended brokers. However, during our research, we discovered that the brokers listed on this site are not in fact regulated; this means they are not kept in check by a governing body so there is a lot of gray area in what is legal and what is not when it comes to trading with Financial Herald trading software.

Next, you need to fund your account with at least $250. You will be able to use this money immediately to start trading. Once you earn some winnings, you are able to start the withdrawal process set forth by your particular broker.

Is Financial Herald a Scam?

While we cannot say with 100% certainty that Financial Herald is, in fact, a scam, we have enough reason to doubt that it is an honorable trading system. First of all, the profits are not realistic or attainable. Even the most tried and true systems do not produce such high winnings. Secondly, none of their brokers are regulated. Nor is the system itself licensed and we could find neither contact information nor company history for Financial Herald. This makes us highly suspicious of this trading system.

We feel that you should look for a more beneficial trading system, one that has been around for awhile and has proven results. If you do choose to use Financial Herald, you are doing so completely at your own risk and we advise that you use extreme caution.

Final Conclusion

At this time, we feel that Financial  Herald is an unsafe trading system and might possibly even be a scam as we were unable to find any information on the company itself nor could we reach their customer service team. We have seen far too many reviews for traders who have lost their investment with this system and never received a reply from the staff. We suggest you choose a more plausible trading system.

 

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