There’s a new binary options application which seems to be creating quite a stir in the industry. Binadroid is easily the one piece of software we’ve been asked about the most over the last few weeks so it was only a matter of time before we had to post a Binadroid Review. The web site is very minimalistic which we like, although the logo and background image are almost certainly stolen from Google images. The first page gives us very little else to comment on, given that there is almost no text at all, just a video presented in an Android tablet graphic and a sign up form below.
Binadroid Review – The Video
The video gives us nothing new really. There’s a guy in a suit who is green screened into a fancy office in a skyscraper somewhere. He tells us that this software is the absolute latest in online trading technology and that it has been proven to win 88 trades out of every 100. After about 15 or 20 seconds, the man in the video is zoomed in but the background stays exactly as it is, proving that he’s not really in the room, but is using a green screen to add the background image in later.
I have to be totally honest with you here, going off the website alone, I would usually have said without question that Binadroid is a scam. Having done some research of my own however, I have noticed that people online seem to give it rave reviews so I decided to check it out for myself. There aren’t many of these systems which actually work so I think it’s important to take advantage of the ones that do.
The Binadroid User Interface
After completing the sign up process, I took a quick tour around the software. On first impressions, it looks easy to use which is great. There are a couple of settings for the auto trader, the first being how many positions you would like to take. You can choose “One DroidBots” or “Two DroidBots” which doesn’t make a lot of sense. After clicking the “How to trade” link at the top of the page, I am told that it is how many trades are placed. Still, this is very vague and doesn’t explain if this means simultaneous trades, trades per hour, trades per day… I mean, it literally could be anything!
The other setting we are given is the risk involved. This is actually to set how fast the trades expire, with 60 seconds being high risk, 180 seconds being moderate risk and 300 seconds as low risk. I would actually say that any of these expiries are fairly high risk as they are all short term trading.
As I have read good things about Binadroid, I am going to leave this review here for now and go away and test the software with my own account. I will add my results to this Binadroid Review as soon as I have something to share with you. I have left a link below this review for you to find the site if you wish to take a look at the home page and intro video yourself. As I said, many people online are saying that this software really works for them so feel free to give it a try.