At the beginning of 2016, a certain trading system made a big hit with its appearance. It turned out to be one of the best trading bots of 2016 and people continue to join it. It is only natural that an upgraded system would appear – now we have BinaDroid2 Forex trading software by Troy Everett. But is BinaDroid2 an authentic Forex robot or is it just a poor knock-off of the original? Read my scam review to see what I could discover about it.
What’s New in BinaDroid2?
The BinaDroid2 software is based on Android technology. This tech is supposedly capable of extracting individual smartphone data in huge amounts. It does that in order to calculate the overall traders’ sentiment and make a conclusion on the so-called “animal spirits” or investors’ inclination to invest or disinvest. Why? Because people’s behavior is the one that drives markets.
Android Technology aims at the creation of humanoid robots. By applying similar technology, BinaDroid2 should be able to act like a human, removing the emotional element that might generate losses.
The algorithms of BinaDroid2 track the second type of data – signals. The Forex trading system analyzes historical performance and calculates the effects of different risk factors. Through a built-in ranking system, BinaDroid 2 is said to filters the best and most reliable signals to act on or send to the trader. But this is a somewhat vague explanation of what to expect from the new version. That is why I won’t be quick to trust it. I advise you to proceed with caution as well.
Review Verdict: BinaDroid2 is NOT Safe
BinaDroid 2 & Performance
According to Troy Everett, the BinaDroid 2 software has undergone quite some adjustments. Some elements of the trading bot have been enhanced and optimized. Most critical components of the original have supposedly been preserved. The original version was capable of achieving proven and verified success rate between 80% and 87%. The Troy Everett we see now claims and promises traders that BinaDroid2 now has 92% success rate.
Quoted winning ratio is hard to reach even by the best of the available trading bots. Even the original system that has managed to win over hundreds of traders offered less. Yes, I accept that an enhanced version should be able to provide better results, but these figures have not been confirmed yet. That is why I still have doubts about the software BinaDroid2.
Bina Droid 2 – Features
The newly released trading bot Bina Droid 2 has the following characteristic:
- Free Registration – you can open a trading account for free but in order to start trading, remember that you have to deposit at least $250.
- Smart Trading – you can use BinaDroid2 both in assistance mode and manually. It provides charts, news and the so-called “Reverse Button”.
- Reverse Button – if you think your trade would turn out to be a losing one, you can counter the result by activating this function. The robot will place a trade in the opposite direction and ensure that your investment will break-even.
- 24/7 Customer Support – there is still not enough information to determine the quality of the customer support service.
- Mobile Application – you can download a BinaDroid2 App and trade on-the-go via your mobile phone and/or table. But I cannot guarantee that the trading experience will be as efficient as the desktop version.
Should You Join BinaDroid 2.0?
I personally think that it is wiser to wait out before joining this version. There are not enough clear signs that it is going to be a reliable trading tool. The original version still works perfectly fine and a quick switch between the two might be a rash decision. BinaDroid2 has not proven itself to be as reliable as its predecessor. So proceed with caution. I will continue to monitor its development and inform you on any changes.
Review Verdict: BinaDroid2 is NOT Safe
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.