BinaryBrainTrust is another auto trading software that recently appeared on the market with great promises about getting rich fast and without much effort. Allegedly established by Martin Clayton, BinaryBrainTrust is promising traders extremely high profit of $5,000 in one day, without asking anything in return. They don’t even charge transaction fees. In this BinaryBrainTrust review, traders will find out if this robot is a great product for making money or just another scam.
BinaryRobot.org team never used this product for real trading. This review is written based on the information provided on the website.
What is BinaryBrainTrust?
As already noted in this review, BinaryBrainTrust is binary options auto trading software. This means that it places trades in the name of the trader. The trades are placed based on signals provided by a team of experts who, according to BinaryBrainTrust video have over 700 years of experience combined and are highly valued professionals in five business districts.
Those professionals are placing trades for BinaryBrainTrust owner Martin Clayton, and as Mr. Clayton is making money, so are the traders. All trades placed for him are also placed on trading accounts belonging to traders. The entire website is filled with promises about high life and easy money.
BinaryBrainTrust is not the first product whose review showed such red flags and suspicious scam behavior.
BinaryBrainTrust Owner Martin Clayton
BinaryBrainTrust is allegedly owned by Martin Clayton, who decided to share his wealth with a limited number of people present on the internet. In the video, they claim that this product is available only to a selected few, but, it is weird that it can be reached by using Google. It seems it’s not so special or exclusive after all.
Besides, this is a scam tactic often used by frauds who only want to take traders’ money as fast as possible. BinaryBrainTrust review, unfortunately, showed that this software is using exactly this scam tactic.
Also, it was impossible to find any info regarding the BinaryBrainTrust owner Michael Clayton. A LinkedIn search showed no results that could be relevant in this review. It seems that Michael Clayton is simply a made up name, as such successful business man would be present on the internet if he existed. BinaryBrainTrust review shows additional warning signs indicating it could all be just another scam.
Also, on the BinaryBrainTrust it was impossible to find any additional info about the company behind this product or terms and conditions. This is another sign of a scam. The video claims that it is a fully regulated company, however, there is no evidence of its regulated status.
BinaryBrainTrust Scam Opinion
As we never used this product for real trading it is impossible to be 100% sure how this is a scam. Still, there are many warning signs that are common for scam auto trading software. Unfortunately, more and more auto trading scams are appearing on the market, and traders should learn how to recognize these signs.
One of the first signs that BinaryBrainTrust could be a scam are promises of great results that are impossible to verify. If the trader makes $5000 each day, within a month (by presuming they put all that money into savings and keep the day job), by the end of the month there will be around $150,000. After a year, the number goes up to $1.8 million. That number is rather impressive, but it is unreal, just like their premise about being able to trade that profitably without any effort or knowledge. It can be considered that BinaryBrainTrust is downgrading and hiding the real risk.
Also, there are no terms and conditions trader can rely on. This is just another sign of scam behavior found in BinaryBrainTrust review. Terms and conditions are a contract between the trader and the robot and lack of this document is bringing trader in real danger.
There are many high-quality auto trading robots like Binary Options Robot, so there is no need to trade with scam software like BinaryBrainTrust.