This review of BinBotPro reveals a scam trading system that uses a lot of tricks to mislead you and lose your money.
What is BinBot Pro
BinBotPro is a robot made to trade binary options. In fact, it runs several different algorithms such as xProfit for you to choose.
You can use several of these robots and let them trade various underlying assets on your account, mainly currencies on Forex.
According to its official website, the main feature of BinBot Pro is that it runs completely on autopilot. You just have to switch it on, and the robot allegedly will make you balance grow.
How much does BinBot Pro cost? Nothing, the program is completely free. Which is a little bit weird, isn’t it?
Is Binbot Pro legit?
No, Binbotpro is not a legit trading robot. Trading systems that are automated and make trading decisions on behalf of their users are subject to regulation.
It means that any robot that is supposed to trade financial markets with your money, has to be authorized by regulators. It has to have a license valid in every country it wants to have users in.
But BinBot Pro is not regulated at all, it is an unauthorized investment service that is illegal in most countries. Therefore, it certainly is not legitimate.
This was confirmed by the Spanish financial regulator Comission Nacional del Mercado de Valores (CNMV), which blacklisted BinBot Pro.
The BinBot Pro scam
The truth is that BinBot Pro is a total scam. It is an app that is not making profits, in reality it is losing money in trading. It has been around for years and real users have confirmed that this app is a black hole where money disappears.
BinBot Pro is promoted by notorious scammers such as Christian Argueta (Christian AP) and his BLW Online Trading. These people have been promoting investment scams for years. Their endorsement of anything is a huge red flag.
Fake BinBot Pro reviews
People like Argueta (AP) create a lot of fake reviews of BinBot Pro. They will show you only winning trading sessions, they manipulate trading results, they don’t show you the full picture.
BinBot Pro is losing money in the long run. A few winning trades cannot change anything about this fact. You just cannot trust most of the reviews posted on YouTube and other social media.
Fake reviewers will claim that BinBot Pro is a unique piece of software with miraculous algorithms that will make you a lot of money. But nothing could be farther from the truth.
BinBot Pro uses a generic scam software that has no unique characteristic or value. Have a look at our picture below and you will see an example of another scam called Centobot that is running on the same exact software. It even uses the same algorithms like xProfit, Strong USv2, Rising East etc.
This software is fraudulent, it is faking demo trades (more on that later), statistics and everything else.
You probably don’t need us to tell this to you, but in case you did not notice, the official website of BinBot Pro displays some fake awards.
BinBot Pro has not and cannot win any awards, because it is a scam. These awards are so blatantly fake that all you need is to look at them, and you will see what is going on.
How BinBot Pro works
BinBotPro is a very dirty scam. There are a lot of fake reviews on the internet that will try to manipulate you into thinking that the software is profitable.
When you sign up for BinBot Pro, you will get access to the demo mode of the software. If you run the demo, you will see it generating profits. But the trading results will be fake.
It is because the Binbot Pro demo uses fake prices, it is rigged. Its demo results are something that cannot be replicated in real trading.
Unfortunately, this is something only experienced people will realize in time, because it requires a comparison with an independent price feed.
If you fall into the trap and start believing that BinBot Pro can make you money, you will want to let it run in the real mode. In that case you will learn that you cannot choose your broker, you will have to go with one of the companies dictated by the software.
All the brokers available in the app are unregulated and shady as hell. What you can expect with these companies is a complete loss of your trading capital and no help.
You see, scammers who run BinBot Pro are affiliated with these unlicensed brokers, they are getting paid for sending them new depositing customers who will trade and lose everything. This is how this scam scheme works.
It was all built with one purpose, to make you send your money to a shady company where it will get lost. That really is it, there is nothing more to it.
Everything positive they tell you about BinBot Pro are just fairy tales to convince you to send them your money so that they can enrich themselves. This is how it works.
The fact is that BinBot Pro is losing money. It does not matter what settings you use, even the so-called best settings are fake. Scammers who run it will blame your losses on your settings, but there just are no settings that could make this robot profitable, because it is a scam!
Lost money with BinBot Pro? Do this
If you found our review too late and you already have lost money with BinBot Pro, you can try to recover it. There are no guarantees, but there are some possibilities that might work.
- Remember which broker you sent your money to.
- Contact the broker and ask for a refund. Say you got scammed by BinBot Pro. Tell the broker that you are ready to ask your bank for a chargeback on your deposit transaction(s).
- If the broker refuses to refund your deposit, contact your bank and ask for a chargeback on your deposit transaction. Assuming that you used a debit or credit card to make the deposit.
- If you made the deposit with a bank wire, it will be very difficult to get your money back. But still, ask your bank about what can be done.
- Report BinBot Pro and the broker that lost your money to authorities.
If you signed up for BinBot Pro, they unfortunately have your personal information. Therefore, you can expect unsolicited calls from different shady brokers with investment offers. Ignore them, block them, don’t send them any money.
If you made your deposit with a credit/debit card, you might want to consider getting a new one in order to be sure that it does not get abused.
BinBot Pro review – the conclusion
BinBot Pro is a scam that is promoted with a lot of fake reviews made by the scammers who run this program. It will make you lose money with shady companies. Stay away from it!
If you are interested in financial trading, start on a free demo account with a regulated broker. You will see how everything works and you will be able to try everything with virtual money in a legit trading environment.
Don’t forget that before eventually trading with real money, you have to understand the risks and have a well-thought-out strategy.
Please help us to warn people about the BinBot Pro scam and share our review.
Frequently Asked Questions
Is BinBot Pro a scam?
Yes, BinBot Pro is a scam. Don’t get fooled by the positive fake reviews that are out there. This trading app is losing money, it is a long-lasting fraud, we know it thanks to feedback from real users.
What are the best settings for BinBot Pro?
There are no best settings for BinBot Pro, because this robot is a scam. It was designed to lose money and it will do so. The settings are used only to blame you when you will lose your money with this app.
What is the best robot in BinBot Pro?
There is no best robot in BinBot Pro. Forget about xProfit, Strong USv2, Rising East and all the others. These are just worthless algorithms that are losing in trading with real money.
Which countries is BinBot Pro available in?
BinBot Pro is an illegal piece of software, the Spanish financial regulator CNMV confirmed this fact. Yet fraudsters will offer this robot in the US, UK, Australia, South Africa and many other countries, even though it is illegal.