Welcome to my Binary Boom review! This is one of the latest “free” binary options trading systems to hit the market and I’m here today to find out whether or not this one is different from the rest – can this one finally allow us to profit or is it just going to leave us broke & red faced like the others? My guess is the latter, but regardless I’m going to dive in and find out what it’s all about.
The first thing I noticed about this system is that it works on 60 second binary trades. Anybody that knows binary options will know that these are just an absolute pure gamble & that there’s no way you could possibly guarantee profits on such a short trade. In 60 seconds there simply isn’t enough time to build up any logic to work out which way the trades going to go and to be honest you may as well just be betting red or black on roulette.
To those who don’t have previous experience with binary options the website could come across as being fairly convincing, but don’t be fooled. A claim of over 82% accuracy on 60 second trades is just outrageous, even a professional couldn’t achieve such results. Clearly a lot of effort has gone into building the website & unfortunately it’s probably going to draw a lot of people in, but based on past experience with these so called “free” binary systems my personal advice would be to avoid it. That is unless of course you’re looking for the fastest to way to lose your money.
I’ve seen literally hundreds of these supposedly “free” binary options systems and this one is no different. They claim the system is free but the first thing they ask you to do is sign up via their recommended broker and deposit around at least $250 – in my eyes this isn’t free. Usually they’ll say you need to deposit via their recommended broker because they’ve tested it and the system works with them and might not work with others, but the truth is they tell you to deposit via them because they get a big fat commission when you do.
Some of these systems don’t even have systems at all except your only left to find that out after you’ve deposited your money. Quite often these websites have been nothing more than a front to try and earn fat commissions for getting people to deposit with a broker – once you’ve deposited they no longer care since they’ve already got their commission. Now I’m not saying that’s the case here with Binary Boom but I certainly wouldn’t want to risk $250 to find out.
Does it work?
“Free” binary options systems have built up a very bad reputation. There’s currently at least a couple of hundred in the marketplace that I’ve came across and I’ve yet to see a single one work. I personally haven’t tried this system because I refuse to deposit $250 to test it based on my past experience, however I’m going to confidently say that no, it doesn’t work.
To back up my point even further I looked at the bottom of the Binary Boom website and found a risk disclaimer which states the following:
‘Binary Boom’ allows its users (hereinafter: “User(s)“) to trade in highly speculative investments which involve a significant risk of loss.
Basically the owners of the system themselves are telling you that this system doesn’t work and the chances are it’s going to result in loss. Basically they’re covering their own “derrieres”.
Further to that it also goes on to state this:
Trading in Binary Options is VERY SPECULATIVE AND HIGHLY RISKY
That I know for certain is true and that’s the reason that I really don’t encourage binary option trading. I think that literally out of the hundreds of thousands that trade binary options literally only a handful will fall into profit. I would actually go as far as to say that the numbers of people who make large profits & profit sustainably from binary options fall into the single figures. Some might argue with that but at the end of the day binary options is pretty much just another form of gambling, those trades can go any way & more often than not people find out the hard way they will go any way.
If you’re truly serious about making money online then you’re better off learning about internet marketing, that’s how people really make money online. Plus with so many proven “done-for-you” systems it’s no where near as hard as you might think. The truth is that all these binary systems that claim they can make you profits on complete auto-pilot just don’t work, it’s simply not possible & if it was then everybody would be doing it. Sure there are systems that make life an awful lot easier, but there’s no way they could automate the full process.
The internet is great and it has certainly made making money an awful lot easier, but it’s not magical & it won’t make you any money if you’re not willing to invest any time… That’s the bottom line. If however you’re not necessarily looking to make money & just enjoy trading in general then I’d suggest you look at something like Forex trading instead or the stock exchange… There’s a bit more skill behind those as opposed to the pure luck with binary options.
My advice would be to stay away from this system & all of the other “free” binary options systems. That is unless of course you’re looking for the fastest way to lose your money. The truth is these systems just flat out don’t work – sometimes they’ve even been launched by the brokers themselves to entice more people to deposit funds, and obviously a broker is the last person that’s going to want you to profit from trades. Bottom line, don’t fall for the hype.
I’d love to hear your thoughts on this system so I’d really appreciate it if you could take a minute to leave a comment below this post. I’m sure other readers would also be really interested to hear what you have to say. Thanks for reading!