The 247Cash Bot is a software that helps automate binary options trading. Detailed Review! Is it a scam?
Lots of binary robots exists in the market today, very few of them actually works but a packful are just recycled scams, making it difficult for traders to know which to trust.
Table of Contents
247Cash Bot….How does it work?
The 247Cash bot automates binary trading, however, manual mode is also allowed. It uses technical indicators like the TREND, MACD, RSI, STOCH, WILLIAMS, CCI to generate trade signals and then helps place trade in the automatic mode. Several systems it also uses are the Fibonacci, Martingale and Classic.
The 247 Cash Bot only trades on currency pairs like EUR/USD, GBP/USD, USD/JPY, USD/CAD and the rests.
Disturbing things about the 247CashBot Found!
We found a badge on the footer of their website which is stated they won the award for best options platform in 2016. This is not true, they never need, we tried to verify their claims and we discovered it was a total lie. This a red flag, and it makes us suspicious.
They claim that if you don’t double your money in the first week, you will get a refund of your deposit. Its easier said than done. Most untrustworthy system give you these ludicrous claims which would never be granted, just to let you into the system and eventually trap you.
Undisclosed binary brokers: They never mentioned the binary brokers the software is synced with. These are the things a trader should know, with an unregulated broker, we are not sure if you would be able to withdraw your funds and there is no regulatory body to report to.
Review Verdict
The 247Cash Bot is a new system, we have found disturbing things about this software. Traders beware at the moment. However, they are still under our watchlight. When its fully confirmed to be a scam, we would automatically blacklist them.
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Thanks for taking out time to read our review of the 247CashBot Review. Stay safe.