I have been reviewing a lot of Binary Option Brokers company recently. I came across a lot of companies that has been promising a huge amount of return with bonus and to my surprise few of the companies did keep up to their promises. It was hard to believe at first that they would be going far to provide their investors such a handsome return even with a bonus but these companies did do it.
And so was my review going smoothly…UNTIL!! I came across a particular Binary Option Broker company namely “Binary Alpha Trader”. I will not say they are a scam… and neither will you say when you will be going through site for the first time.
So, is Binary Alpha Trader a scam or it is just a legit company that would provide you with some easy money through investing in their site. I will be talking about my experience when I visited the site and everything about the company in the short review.
Binary Alpha Trader Review: Scam Alert!
About Binary Alpha Trader:
A lot of Trading companies makes promises to make you wealthier then you are today but hardly a handful of companies work to makes that true.And where does Binary Alpha Trader comes in? Is it a scam or a legit trading company?
Well, Binary Alpha Trader was a company which was introduced into the world of Trading in the year 2008. introduced into our world by Kazi Noor the maker of founder.
First looking into website gives you a get to look into a video which says about dreams which you can fill with the help of Binary Alpha Trader. In the video you will be able to witness an appealing testimonies which involves the saying that “people just like you” will be able to live your dreams with Binary Alpha Trader. But in the end you will find a lot of your questions unanswered and find yourself in a little confusion. And this happens for a reason, about which I will be talking about soon.
Where Did It All Start?
Kazi also mentioned that in 2008 during the world crisis he was able to make $3 million of net profit just from the system. And while we looked back into the internet and found that he doesn’t just have the company but sales book, videos and live class.
And one of the most interesting fact that came to me was that, he says that apart of the income are donated for education of orphan childrens to which I didn’t get any trace back on which orphan home did he work his way so much on. And yet another information without a solid fact just like the video that we talked about before.
Is Binary Alpha Trader a Scam?
Unlike any other scam trading company we found out that Binary Alpha also didn’t provide with any solid way of describing how the system really works. But it has been thrown out that the software that is used by Binary Alpha generates decision which are determined through proprietary Alpha Trader Signals.
A little more research found out that the points that this software is based on is based on the currency chart and is called the swing pattern which basically are categories and broken down into 7 different pieces. So what about the risks involved? Well Kazi Noor say that the risks are has been taken care of with a simple yet effective Risk Management Techniques.
Wait… What is the “Swing Pattern”? When I looked everywhere for it, I didn’t find anything related to the term. And the general term reffering to the Risk management that has been applied is nothing but a general term and not any specific technique.
So, which risk management did he implement into the system? And how much effective is it? Well .. the fact is that just like the video and swing pattern the risk management has not been clearly explained.
So, by now it must be clear that what my review is all about. There are a lot of important facts that are not yet clear even when I have researched about it for a long time. So what about the investors who are visiting… What about the investors who are new into investing? And also about the investors who have already invested and who are loosing their money and not understanding how and why it is happening.
So, Now the question is … Are the Claims For Real?
NOT AT ALL! With all the unexplained facts that is going through out the whole company makes it really hard to believe even a smallest promise would be a success. And also taking into fact that the entire concept of the swing pattern which is the based on the currency chart is really an untrustable way of investment thinking.
And this fact is even backed by many financial markets that the binary trade they concentrate is not the never concentrated on the currency chart as it can change at any point of time.
This fact can be a real deal as for the fact that this change in currency chart can offer for different facts which is mainly determined by humans.
And coming to the facts… everyone knows that the demands of a human is never the same..its ever changing and fluctuating. So for this fact I am sure that Binary Alpha Traders can be a little under over head for new investors.
Which in the end would mean that you wont be able to makes as much money as they would promise intially and also the fact that you may loose a lot of money if you don’t understand their terms of investments and trading which are already really confusing.
Would I recommand You To Invest?
In my personal opinion I would suggest you to stay away from this service as this you will create a very bad experience of loosing your money or even ending up your account being out of order for too much loss.