Over the past few years, the binary options trading industry has grown by leaps and bounds. Every day, more and more people are signing up to participate in this new and exciting method of trading the financial markets regardless of their trading experience. To help new traders get a head start in a niche industry that specializes in providing trading signals have sprung up around the online binary options trading industry. While some of these trading signals providers may be legitimate, the majority of them are actually scams. To help our readers differentiate between legitimate signals providers from the scams, we conduct an in-depth review of new providers that pops up on the internet.
Recently, a sign provider by the name of iPipz Signals robot caught our attention. They claim that their signals have a win ratio of up to 87% which is extremely high for the financial trading industry. So naturally, we are curious as to whether this signal provider can actually perform as well as it claims. To find out more, check out our in-depth review of this signal provider.
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
- Easy to follow instructions
- 60 days free trial
- Unverified Win ratio
- Unregulated Broker
- No background information on the creators of iPipz Signals
Not Reliable Service
What is iPipz Signals?
According to the marketing materials that we came across, the creators of iPipz Signals claims it is simply a new binary options trading signals provider that uses “Real Traders” to generate winning trading signals for its subscribers.
Based on what we can glean from the marketing materials, the creators of iPipz Signals claim that it is a new binary options platform that generates trading signals for full-time traders. The signals which are generated by a team of traders behind the scenes are said to be so accurate the traders can win up to 87% of the time.
From our analysis, we find the claims made by the creators of iPipz Signals extremely problematic. First of all, we have no background information about the creators of iPipz Signals apart from the statement that they are “Real Traders”. As to what iPipz Signals meant by “Real Traders”, we have absolutely no idea at all. To us, this just a phrase coined by them to avoid having to provide any real information about these so-called “Real Traders”.
Secondly, they posted on their website that iPipz Signals has a “…verified win rate of up to 87%”. There are two main problems with this claim. Firstly, we have to ask ourselves who verified the win rate for iPipz Signals. Secondly is the party or parties behind the verification of the win ratio an authoritative party which is respected and recognized by the financial industry or is it just the words of iPipz Signals?
Secondly, the claim of “…up to 87%” is itself also problematic as it is an open-ended claim. For example, if you trade 10 times and only manage to achieve a win ratio of 87% for only just one time out of 10 trades, iPipz Signals is already off the hook for that claim as they never specified how many times that you can achieve a win ratio of 87% with their trading signals. And you signed up for their service using your credit card or paid through PayPal, you will have an extremely difficult time of trying to prove non-delivery of service as opposed to delivery of bad services. So while iPipz Signals claims are truly enticing, we have no way of determining the legitimacy of their claim except to take their word for it.
How Does It Work?
According to what we know about iPipz Signals, it is essentially a manual trading signal service. There is no automation involved and as mentioned earlier, a team of so-called “Real Traders” are the ones behind the scene generating all the trading signals. The generated signals are then sent by email or text messages directly to the subscribers of the signal service. All the trader has to do is trade according to what the signals tell him to trade.
Before you can access the signal service, you are required to open a trading account with a broker that is affiliated with iPipz Signals. After you have signed up, you then have to make an initial deposit of $250 into the trading account before you are permitted to start trading.
Final Conclusion: is iPipz Signals a scam?
After a thorough review of iPipz Signals, we have come to the conclusion that there are simply too many unknowns about this signal service provider. And while we also cannot say with any definitive certainty that iPipz Signals is a scam, there are many red flags about iPipz Signals which seems to point towards that direction.
As such we highly recommend our readers to avoid having anything to do with iPipz Signals to save themselves unnecessary worries and hassles. Remember that the onus is on iPipz Signals to prove their legitimacy and for you to believe their unverified claims. If they cannot even provide simple basic information about their services, then they shouldn’t be in the business of offering services to traders in the first place.
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