A money losing software for trading binary options is on the prowl. Can day traders really trust TBO trading software with all the hype used to promote it? You can be forgiven to think that it's a genuine product. This is because the owner of this scam has been marketing it aggressively, even going to the extent of bribing owners of certain blogs in this niche to paint it in the best positive light possible.
Thankfully, those who were not lucky enough to avoid it have since left their feedback online for everyone to see the dirty side of TBO trading software. They are certainly disgruntled, and so you can imagine these reviews expressing their true experience with this money minting scheme. And with all the incriminating evidence around, other traders can now learn the truth and keep a safe distance from the suspect software.
We therefore present nothing but facts concerning this dubious product. Here's what we discovered:
If we were asked to find out who the owner of TBO trading software was, we would hesitate to give an answer because we know nothing about them. This website http://tbotradingsoftware.com/ says nothing about the developer. The programmers or company (if any) have chosen to remain underground deliberately.
You see, this is a serious problem because it's the responsibility of every trader who intends to use this robot to find out who the developer is. This scam is giving us a very important clue as to what it truly is. After all, scams always use aliases or keep quiet since they prefer anonymity.
If you're considering the act of ”investing” your money in this dubious scheme, please understand that transparency is very important. If someone is not transparent about who they are, then odds are that they will steal from you, and if the worst happens, you won't know whom to direct your complaints to.
In other words, the mysteriousness that surrounds this product is beckoning more concerns than approval. And in that case, you ought to avoid this software once and for all.
Demo accounts are very ideal because they let traders familiarize themselves with the working of the software before investing real funds into the deal. But questions are now arising concerning the authenticity of TBO trading software demo version. It appears that the scammers who promote this software have since twisted this feature to steal from those who won't suspect their dirty tricks.
Many users have confessed the fact that the demo version is very good. It wins 9 out of 10 trades and keeps repeating those results on a consistent basis. However, when users transition to a live account, things go haywire.
The performance of the TBO trading software drops dramatically, thus making it impossible to recover the lost money or even built your account to a certain level where you can cash out. What is more, the broker who works with TBO trading software is never in the mood of approving withdrawals. When you ask for your balance, they take you through hell. Even after subjecting you through a hectic process, you won't get your balance back. Scam brokers who do business with scam robot developers often implement this unethical way of doing business.
Have you wondered why nearly all scam robots look the same?
Don't be fooled into thinking that this app is special in any way. Consider all the red flags surrounding it and you will also realize that it's a white label with a customized brand slapped on it. These programs can be purchased online and customized with a brand of your choice. You can then come up with fake tales to convince gullible traders.
On the same note, our investigations can reveal that TBO trading software is the same product used for Free Bot signals, FortuneBot, and BinBot Pro. The user interface of these trading ”solutions” is the same. Same settings, same functions but with different branding. Now, this confirms that the software is not unique and is not going to bring anything new to the table.
Don't you think we could have missed a signal while writing this review? Well, the anonymous owner of TBO trading software wanted us to believe so. There's a section on that website which says ”check out the latest signal that you missed out on!”
Honestly we are not treating these as real signals or past performance records because nothing is stopping these guys from fabricating that table. You should also understand that these results or signals were probably generated from the demo version of the software which is obviously programmed to win trades.
Demo accounts usually work with fake price feed because the intent is always to fool traders who are not too familiar with these tricks. To cut a long story short, we can say that TBO trading software does not have verified results. It has never been tested on a live market. And if they have done that, they would never post results here for everyone to see because they are obviously awful.
This software supposedly uses trend indicator, RSI indicator, CCI, Williams, MACD and STOCH to tell the next direction of the market. But remember the fact that indicators tend to lag behind. They only convey what has already happened on the charts, thus we cannot say that using all the indicators at once is a surefire way of locking in profits each time we trade.
If a robot lacks intelligence, then it means the reality of this limitation will catch up with your account balance sooner or later. We are not saying that using indicators to tell the direction of the market is necessarily a bad thing. But scams take it a notch higher to even lie that their products are using these indicators when that is not the truth. And even if they are telling the truth, that limitation can never be ignored.
So the reason why you're getting a bad deal with this scam is that it doesn't have a unique algorithm to rely on. If it was a good robot, the owner would never give it out for $250. It would have costed you an arm and a leg to acquire it.
Numbers don't lie. However, if they are used with an ill motive, they can mislead and cause people to suffer massive losses where trading is involved. The website of TBO Trading software claims that it has since netted some 6,500 users from across the globe. We are yet to come across a genuine user who speaks positively about this application. Only negative reviews have been finding their way into the very top of search engine pages. Those numbers must be wrong.
Now that we have clarified the facts, it's upon you to decide whether or not you want to pursue this dubious robot. As for us, we are 100% convinced that it's a scam. It has never yielded results for anyone who used it. If anything, the few traders who fell into this trap are counting their losses already because they were never warned at first. But your situation is different because you now know the truth. Nevertheless, don't be too discouraged because you can still trade profitably by signing up with any of these recommended robots.
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