Honest XE Trader Review – Tricky SCAM or Legit

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Honest Forex Signals Review, Scam Forex Signals Are Dishonest?

Quick Update: We were contacted by the owners of this app and politely asked to revise our review. Given the fact that we relied heavily on the presentation and did not perform an actual software check, we are willing to accept the fact that we may have been overly critical and apologize to the owners and management of Honest Forex Signals. We will be more than willing to amend our initial assessment if and when we receive solid and viable feedback from paying clients who can vouch for this software. So, for the time being we are revising our conclusion to NOT blacklisted, however not quite yet recommended and reserve the right to change our review if and when it is relevant. Again if we have done anyone a disservice it was not our intention.

Honest Forex Signals by Robbie Newton and Ken Dempsey is a SCAM and we blacklisted this fake signals software since we got complaints about the ridiculously low accuracy levels of this fraudulent trading app. For some reason we saw a lot of fake reviews about this system, so we have to ask ourselves why this is happening and who is Robbie Newton. The answers we found are quite alarming, and so is the evidence and proof of scam our staff of researchers has compiled. Truth be said, the software looks authentic and very appealing to Forex traders looking for a legit trading tool, however what we uncovered is both hypocritical as well as misleading and deceptive. In a nutshell, Honest Forex Signals by Robbie Newton is a confirmed financial SCAM designed to steal your money. We have produced a smoking gun and unequivocal proof of SCAM which validates our initial premise. Keep reading to see how we exposed these crooks and how tricky these affiliate con-artists really are.

Official Website, Login Page and Members Area: http://www.honestforexsignals.com/index.html

Proof of SCAM
Below you will find a screenshot of a very convincing individual who introduces himself as “Ken Dempsey, one of the administrators” at Honest Forex Signals and boldly claims that he “makes an amazing living trading Forex.”

Here you will see an image of the real actor and presenter who is sitting there and spewing lies. His real name is Pat Caporuscio and he has done various acting jobs in the past. In fact here is his acting reel, so you can see he is a really bad actor and performer.

However, the real reason we decided to BLACKLIST this software is because they are just too cocky and in their main sales page the promoters and so-called owners of this fake signals app boldly claim they “represent themselves” and DO NOT USE ACTORS! This simply caught our eye immediately and we had alert our members and subscribers to avoid this software like the plague.

Honest Forex Signals Review
The sales video starts off as Ken Dempsey says that if you try to work with trading robots or various market indicators it will “probably never work for you”. He says that the reason he is so successful has to do with Robbie Newton, who is a Forex trading guru and “not a scammer”. Additionally, they state that they are accredited by the Better Business Bureau, but we didn’t see any link verifying this. He says they “hold nothing back from you”, and the “personal” phone number is provided as well.

In the second page there is a seal of authenticity signed by Michael Buchbinder, the Deputy Chief Operating Officer for SmarTradeFx.com. However, this broker is out of business and the certificate is worthless at best or most likely a collaborative effort to defraud traders into registering with and funding trading accounts under false pretenses.

How Does It Work?
The service sends winning trades to other traders to “simply duplicate”. Robbie supposedly averages 50 pips daily and has a “genuine interest in your success”. There is also a software which needs to be downloaded, and this system automatically copies the trades on the Meta Trader 4 platform. Dempsey also says they are different because they guide you and offer real support.

In Reality
What we are witnessing here is a fake signals provider who is trying to bait you by promising you a presumably legit or genuine Forex trading system. They say there’s no hype, but they are still liars and con artists that use actors instead of using their real identity. Most likely Robbie Newton does not exist, and it’s just a stolen image of someone who looks like a real person. We see fake and fabricated results, and myfxbook can be manipulated because every scam system out there uses that service to “validate” winning trades.

Is it Free?
Actually it costs $177 a month, which is a great gig if you can bait enough victims. So this con artist is living the good life and you will be paying for it if you sign up for his scam.

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Similar Forex Trading Scams Trending
The ones topping the complaints lists now are FX Sniper, and Signal Snipe

Fake Reviews
We say a lot of fake reviews about this system, which means money has changed hands and unethical affiliate marketers are getting paid for promoting this filthy scam.

Signals Versus Trading Robots
If you are looking for a real trading solution which has been tried and tested you need look no more. We have done extensive research and came up with a few reputable systems that are consistent money-makers. These are all showcased in our recommended section.

Review Summary and Conclusions
The Honest Forex Signals trading software by Robbie Newton and Ken Dempsey is a blacklisted SCAM and we proved it in our fair and impartial review. Don’t be fooled by the seemingly innocent and authentic demeanor or this paid actor and performer, this software has been around for a long time and is directly responsible for defrauding hundreds of would-be traders. If you believe these signals to be legit or genuine then you need to accept the fact that your money will most likely be stolen by these crooks. As always, we invite you to join our Facebook Group and YouTube Channel to learn more.

XE Trader

XE Trader is a new binary options indicator and signal robot by option xe. This system is built to seamlessly bring together a traders trade requirements in one clean interface while also offering helpful trading education.

Today I will be taking a closer look at the software and seeing if it’s the type of system I would recommend to the binary today readers.

XE Trader Review

The XE trader software uses a currency pair trend indicator on 15 separate pairs and provides signals via the option xe platform and through SMS alerts. The developers of the system feel that this accessibility makes them the most flexible trading platform available on the market. The website itself leaves a lot to the imagination and seems to discuss the platform more than the actual product they’re trying to push. It seems as though the goal of the option xe website is to attract more customers to their products by providing a free indicator for traders to take advantage of on their platform specifically. This isn’t necessarily a bad thing as long as the indicator is as good as they promise.

As I begin watching the XE trader video it is much to my surprise that this product is developed by the exact same people who put out the option bot 2.0. Despite quite a bit of publicity and promotion in the binary options market I was never able to have much success with the system. The readers here at binary today were also not very positive about the performance of this robot. That being said, this is a different system we are talking about today so I don’t want to get to sidetracked, I just want to tie in past history as a precedent. As of today, the system has 2 days of trading results which are provided in the video form.

I won’t be making a determination about the XE Trader system today. While I had a negative experience with the option bot software this new system today seems much more relevant and progressive. I think our best approach is one of patience like usual. Let’s revisit this webpage in 2 to 3 months and see what the binary options community has to say about the product. If you have already jumped in the water please let us know if it’s hot or cold. Thanks for coming to binary today and I hope that you pick up some easy winners before you get off the computer.

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LEGIT eToro Reviews: SCAM or LEGIT?

    Thread starter tradeSTOCKS Start date Jun 2, 2020

tradeSTOCKS

Guest

eToro is world leading social trading platform which deals with trading and investing in all major markets including stocks, forex and even cryptocurrencies. eToro was initially established in 2006 as RetailFX by two brothers (Ronen and Yoni Assia) and their partner David King. Their goal was to build user friendly online trading platform suitable for all traders regardless of their level of experience. Over the years, eToro has really grown and gained alot of trust from trader all around the world. Million of traders from over 140 countries use the platform one a daily basis with over 200 million trades opened.
It is also important to note that eToro created the CopyTrader System, a patent technology which allow users to easily copy trade of other successful traders as easy as with a click of a button.
eToro is a regulated international broker.

Pros OF Using eToro As A Trading Platform
1. Fully Regulated: eToro is a regulated by Cyprus Securities Exchange Commission (CySEC), Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC). As a trader, this is one of things you want to look out for cause it reduces the risk of scam.
2. Reputation: eToro has been in existence for over a decade and as really proven itself to be a legit trading platform. Millions of traders use their platform with alot of positive reviews.
3. Security: All users assets are secured using industry leading security protocol.
4. Demo Account: Traders who signup for access will be given virtual $100,000 for trading. The platform allows traders to test their skill without having to risk lossing real funds.
5. Social And RealTime Feedback: eToro really focus on socializing trading, chat/discuss with other traders in real time.
6. Mobile Trading: Apart from using their website which is also accessible on mobile, users can download eToro trading platform app on their Android and iOS devices. The mobile app is intuitive and let traders view feeds of other traders in real time.
7. Multiple Deposit Methods: eToro support a wide variety of payment options like PayPal, Credit/Debit Card, Webmoney, Skrill, Neteller, Wire Transfer and more. It is important to note that minimum deposit is $100.
8. Low withdrawal fee of $50.

Cons Of Using eToro As A Trading Platform
1. 24/5 Support: Support are only available 24hr only on weekdays.
2. $25 Withdrawal Fee: Some users regards the platform $25 withdrawal fee as “too much”, though this is pretty understandable if one consider the amount of service and feature they offer.

eToro also have an affliate system it calls the partners program whereby if you invite someone you get centain percentage of service fee charged on your invitee transactions.
It is important to note that CFD trading involves alot of risk you should be fully aware of, you can risk lossing all your money by involving in this kind of trade.

Binatex Review

Binatex entered the binary options trading arena in 2020. The broker’s platform seems easy to navigate and to some extent even fun but this should not fool you. Even though the layout of the official page looks user-friendly and professional a myriad of customer reviews suggest otherwise.


Min. Deposit:
$250

Trading Platform: Custom

US Clients: Not Available

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

First of all, Binatex has its offices in Cyprus and yet it’s not regulated by CySEC. CySEC is the financial regulatory body of Cyprus. In addition to this, the parent firm Binatex Limited is registered in Seychelles and there is an branch in Budapest. More intriguing is the fact that even though there is no branch of the broker in Russia, it is regulated by the FMRRC of Russia. The firm further provides a Russian phone number for support purposes.

Getting started with Binatex

Binatex promises its customers very high rate of returns (payouts) of between 60% and 90%. Getting started seems easy because once you fill in your personal details, you are directed to the demo account. The platform offers a number of Forex pairs, commodities, stocks and even cryptocurrencies. Besides Bitcoin, the altcoins included in the platform are Ethereum and Litecoin. Trading signals can be found on the left side of the software screen. Many traders are not aware that in order to withdraw their money, a trading volume of at least 25 times the bonus amount must be reached. In order to be allowed to operate a demo account, a trader is required to deposit $10. This doesn’t really make the demo account free after all.

When it comes to opening an account with Binatex, the first step is signing up. A trader is required to provide personal details in the sign-up form provided. The second step is making a minimum deposit of $250. Trading is the last step which involves a trader picking assets, cryptocurrencies, and forex pairs to trade.

Understanding the platform

Binatex has one of the good-looking platforms in the market even though many trader have come to realise that looks deceive. It is smooth and appealing and as such serves to the firm’s advantage as it lures new unsuspecting clients. The only thing which is not very exciting about the firm’s platform is the low than average minimum rate of return of 60%.

Is Binatex a scam?

Binatex is regulated by FMRRC of Russia which is not a reliable body when it comes to international financial regulatory role. Given that the broker is not licensed by FCA, ASIC, CySEC or FSP, it is safe to say that Binatex is not a ‘licensed’ firm and should, therefore, not be trusted. As mentioned earlier, the firm has a myriad of addresses which makes it mysterious. This makes the firm more likely to be seen as a scam than a legit entity by any diligent trader. The withdrawal of funds information is hidden deep in the legal section. Such information as is with most brokers should be easily availed to the clients.

There are numerous complaints which have been leveled against the broker. Many of these complaints which relate to withdrawals have not yet been addressed. Many traders complain that they are not able to withdraw funds after they have submitted withdrawal requests. Unless Binatex comes forward with solutions to existing problems and questions, its legitimacy quest will continue being elusive.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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