One of the reasons that automated binary options trading systems are so popular is that they are easy to use for those who don’t have a lot of experience on the trading market. However, with the rise in popularity of these trading bots, there come fraudulent trading systems as well. There are shady and dishonest people who are posing as trading gurus to con innocent people out of their hard-earned savings.

Fortunately, we take the time to inform our readers of such scams. And with some practice, you will soon be able to spot the scams for yourself. Today we are taking a look at ProBinary Robot, a fairly new trading system that claims it can earn traders up to 7 grand a week. Read our Pro Binary Robot review to see if this is a reliable system or just another phony.

What is Pro Binary Robot?

Pro Binary Robot was created by Bobby Benson. The original claim in the preliminary video is that ProBinary Robot software can provide traders with a “legal way to cheat the system” thus earning them anywhere between $5,489 and $7,578 a week. We need to point out straightaway that if you wish to earn this kind of profit, you must be willing to invest a couple of grand. No binary options trading system can earn that much money in just a week with little to no investment, no matter what the presenters tell you. If someone promises you huge sums of money with little to no investment, you can guarantee that they are trying to scam you.

Benson claims to have over 14 years of trading experience and says that he used this knowledge to design Pro Binary Robot, which uses a complete series of algorithms to analyze and predict trading signals. However, he never quite explains how the system works. This is another red flag. If they are vague in their sales pitch and simply use a lot of big words this is another sign that you are about to be scammed.

How does it work?

If you wish to trade with Pro Binary Robot, you must first sign up for an account with one of their brokers. We did not recognize any of the names on their list of recommended brokers and also discovered that none of them are regulated. This is another huge warning sign. A reputation trading system only uses brokers that adhere to the policies set by the governing systems for trading binary options.

After you create an account, you must then fund your account with the required minimum deposit, which in this case, is $250. Then you may choose your settings and allow the system to place trades for you. If and when you accumulate a profit, you may then withdraw your funds. However, during our Pro Binary Robot review, we discovered that the withdrawal process is somewhat time consuming and confusing. There were many complaints from traders who were unable to withdraw their earnings.

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Final Conclusion: Is ProBinary Robot a Scam?

We have reached the conclusion that Pro Binary Robot is not a reliable trading system. There are a great number of negative reviews and no real proof that anyone has actually profited with this trading system. We feel that you might profit better if you trade with a system that has proven results.

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