Exchange Traders Review

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We have been reviewing and assessing binary option brokers that allow you to trade binary options for many years, but even we have been surprised at the growing number of solutions available. The problem is that for one good and honest platform, there are several that are bogus. What about Exchange Traders? Read our review to find out.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

– Automated trading signals
– Website is attractive and easy to navigate

– The Software is not free
– Traders have limited control of the system
– Unreliable customer service
– No Demo Account Available

7BO Verdict:

Not Reliable Service

What Is Exchange Traders?

Exchange Traders is a fully automated platform for trading binary options. It is web based and easy to use, plus it saves you time as you don’t need to study markets; the platform handles everything.

How Does Exchange Traders Work, and What Does It Cost?

Exchange Traders costs $99 for your first month and $149 per month thereafter. This makes it different from most other binary options platforms, which are available for free. After you pay the initial fee and sign up for the monthly subscription, you must open a trading account with one of Exchange Traders’ recommended brokers. Most other platforms give you the option of using your own, but Exchange Traders doesn’t.

Once everything is set up, the Exchange Traders algorithm analyzes the market and makes predictions. There is a limited list of binary options available to trade compared to other similar platforms.

What Are the Claims?

The platform is completely automated, and it claims it is 80 percent accurate. In other words, it will make correct trading decisions on binary options 80 percent of the time.

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Is It a Scam?

The prediction that Exchange Traders gets 80 percent of its decisions correct is hard to believe. It doesn’t stand up to normal mathematical models or scrutiny. Apart from this claim, there is no other proof offered by Exchange Traders.

Another thing that concerned us about Exchange Traders is the testimonials published on its website. Normally, testimonials are a positive indicator. They are stories and comments by real people that back up at least some of the claims made by a company. The testimonials we found on the Exchange Traders platform, however, were suspect. Obviously we don’t know if they are real or not, but the appearance of authenticity is as important as actually being authentic. In our opinion, Exchange Traders’ testimonials don’t have that appearance of authenticity.

Does all this mean it is a scam? Absolutely not—Exchange Traders may be a perfectly genuine platform that delivers some or all of what it promises. While we would never call it a scam, big questions remain about the hard-to-believe accuracy rate and the hard-to-believe testimonials.

Finally, the requirement to set up an account with one of Exchange Traders’ approved brokers also concerns us. The brokers we could see on the list were not familiar to us, so we have no way of judging their abilities. Again, this doesn’t make it a scam, but it does raise further questions.

Conclusion – Should You Use Exchange Traders?

Exchange Traders might be a genuine platform for trading binary options, and if it gets even close to the 80 percent accuracy it claims, it could be profitable. There are too any questions and concerns for our liking though, so we don’t recommend it.

Exchange Traders Review

Exchange traders is a new binary options trading room developed for traders with the Nadex brokerage. The developers of the system are charging $99 per month and provide a trading session from 9 AM to 9:30 AM from Monday to Thursday.

Today I’ll be reviewing this new trade service and informing the binary today readers of my findings.

Exchange Traders Review

The exchange traders service hit the market in late December and has yet to establish a true following. This does not mean it is a bad service but it is certainly under the radar. The developers of the system tell us that they aim to capture short and medium-term moves on numerous exchange assets. They don’t really say the expiry times that they aim to approach but they say that there recommended risk is about $60 per contract. They aim to seek out profitable patterns and finish every single week in profit. They also offer Q&A sessions on a daily basis. While the message is simple, I do like the way the service is laid out. How it performs however is another question altogether.

In the exchange traders video example Chris shows us Nadex trade examples with 5 minute expiry times. We see him win one trade during this video and then refer us to his website. This leads me to my next point. There doesn’t seem to be a record of trades for me to analyze anywhere on the website. Considering this service has been around since late December I expect there to be some sort of trading history for me to verify. Sadly, there is none. All we really have to go by is 3 testimonials and the webpage from people we don’t know.

At this point in time it’s too early for me to give a generous recommendation to the developers of the exchange traders system. This $99 service takes a good approach in sitting with people and giving them trade opportunities through a trading room. Yet, I cannot verify the accuracy or skill set of the person leading this trade roo because there are no results for me to analyze. Please let me know what you think about the service and if you’ve used it I would really appreciate to hear more about it. Thanks for coming to binary today and I hope that you continue to read my reviews and helpful articles.

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Exchange Traders Review

Binary Options Trading as a viable means of making money online is continuously becoming more confusing for traders globally. The ever increasing popularity of making money from the internet has given rise to so many methods, systems, apps and so on. This is more pronounced in the Binary Options trading niche. It makes it very difficult for traders to sift out trading apps that are legitimate. Exchange Traders trading software is among the many options in the market that promise real time profits for users. Can the software fulfill all the promises made by its developers? This is a question that cannot be answered headlong. This article will analyze the software for you so you can arrive at an informed decision by yourself.

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Exchange Traders Review

Exchange Traders is a binary options trading software. It is run by the traders that gave the trading market both the MorningOwl and NightOwl signals. The software is totally focused on NADEX, the only options exchange brokerage that is regulated in the United States. This means that US citizens can legally trade on the platform.

The software, whose developers promised will capture medium and short-term shifts from several exchange assets, was launched in late December last year. Although the developers did not specify the expiry periods the software is targeting, they state the app’s recommended risk value at around $60 for every contract. They put the success rate of the software at an all time high of 90%. This means the software has a trade winning accuracy ratio of 9:1. One must show concern for this kind of claim. These are some of the concerns this article recommends that you look into before deciding whether to invest your time and money with Exchange Traders or not.

Exchange Traders’ Website

The look and feel of the app’s website brings about some questions that need to be answered. There is very little information about how the binary options robot functions. The website is just one homepage that mainly contains a video presentation. The clip shows a trading example in which the administrator wins one trade among some NADEX trade examples that carry 5 minute expiry periods. This is no guarantee or indicator that the administrator can win other trades whether for himself or users again.

One would have expected that for any binary trading software that makes many huge promises, there will be a record of several trades for visitors to analyze. This is not available anywhere on the website. It is expected that some sort of history of trades be made available to be verified since the site has been around since December and, has always made money for its users 9 out of every 10 times.

Instead of such feedbacks, the site only contains 3 testimonials from supposed members. These members who gave the testimonials are not known to us and they are not specific about what they have gained from using the software. One would have expected that their pictures would have been attached to their testimonies in the least. This is to give such testimonials a face and prove that they are real. Additionally, links could be put to the social media accounts of such users. This is to enable those in doubt to contact them and prove that they actually gave the posted testimonies.

Exhange Traders Main Page

How the Exchange Trader Works

The software is web based and fully automated. It means that it does everything like studying the markets for you thereby saving you time. It is intended to generate and execute trades on your behalf automatically. This, the developers say is possible because the software automatically generates the best winning market signals then executes the best trades possible. But is it possible to generate a 90% win rate with such a system? That is one of the many concerns in regards to how the system works.

  • Cost: Exchange Traders is very clear about how much its software costs. It costs $99 for the first month when you sign up and $149 for every month afterwards. This makes it an exception from most other platforms which come with the ‘free’ price tag. For this high cost, the available list of binary options you can trade on is very limited when compared to other similar software.
  • Brokers: After signing up and paying your initial monthly subscription fee, you then proceed to open an account with Exchange Traders’ recommended broker (NADEX). This is a great limitation when it comes to giving you options to choose from. Other binary trading platforms allow you to choose any broker you trust and fell comfortable with.
  • Auto Trading: It is expected that after signing up you begin to trade. But with Exchange Traders, it is the system that begins to automatically trade for you. Yours is just to sit down, watch and pray that you (or is it the system) get winners all through. This means you have no control whatsoever concerning how you want to trade.
  • Rate of Accuracy: A success rate of 90% has been claimed for the software. In layman terms, this means you are likely to lose just one out of every ten trades you place (or is it which the system places for you?). The presumption of a 9:1 ratio just seems very unrealistic. In fact, check around the web and you will find some investors already claiming to have lost money via the platform. All the software claims is the 90% win rate. It does not say anything about strategies employed or signals used to achieve such a magnificent feat. A 90% accuracy prediction stands mathematically abnormal. It is also abnormal to the scrutiny of even common sense thereby very hard to believe.
  • Trading Frequency: In options trading, speed is of vital importance. Trades change direction in seconds. The software’s execution programs generate signals that lack this advantage. The site makes no mention of any specific data feeds or co-location service platform for minimizing the various dormancy types which binary options trading markets are known for.
  • Applications That Provide for Liquidity: The software does not incorporate any applications for liquidity. Such applications enable traders to gain and make profits from tiny spreads whether they are entering or exiting selected trade positions.
  • Arbitrage Tools: Arbitrage tools assist traders in searching and finding incompetence in assets pricing. When they find such inefficiencies, the tools then assist them further by helping them look for ways to use such inefficiencies to their advantage. The Exchange Traders software has not even one of such tools featured on it.
  • Demo Account: There is no provision for a demo account anywhere on the app’s website. A demo account enables traders to practice all their losing moves and correct them using virtual money (or is this not necessary since you are not the one that will actually trade?). This lowers the potential for real life loses when they begin the ‘real thing’.

There are many issues of concern within the whole system of how the Exchange Traders app works. Setting up accounts with only brokers approved by Exchange Traders causes one of the greatest concerns. With those listed on the site not being all that familiar, how does one judge their capabilities and what they can do? This is why the decision raises further concerns.

Exchange Traders Testimonials

Exchange Traders’ License

As no information is provided on its website regarding it, one is not sure whether the software is regulated or not. No mention is made of the regulatory body that monitors and controls its activities. It is not even mentioned whether the software has a license or not. Any Binary Options trading software that does not make such vital information available is most times not trusted. Traders most times assume such software to be operating not under the stipulated laws and rules that are meant to safeguard their interests.

If Exchange Traders has an operating license and is regulated by any regulatory body, then it should readily make that information available to traders. This will surely increase the trust they will have for the software as they will become sure that their interests are safeguarded to some certain levels.

Customer Service and Support

Exchange Traders’ customer service and support is another major cause for concern. The ‘paid reviewers’ that termed the software’s support options as ‘pretty reliable’ may be did not take a good look at the app’s website. If they had, they would have noticed that the contact form they claimed to be on the site is absent. What is on the site is at the bottom left hand corner. It says ‘email support’ quite alright. But the most disturbing aspect is that it gives a Gmail address.

With the level of professionalism that is needed to run a binary option trading software business, does a Gmail address portray a software service provider as a professional? One would have expected that such a professional will present a ‘[email protected]’ email address. This can even cause some traders to begin looking at what platform the software’s website is hosted on.

Gmail is a service that is dedicated to all that want a free means of sending mails. This might not go well with a business that needs maximum security when sending messages that contain highly sensitive information. Information like trade signals that must be received as promptly and as exactly as they were sent.

Conclusion

Answering the question of whether the software can fulfill the promise made by its developers is not easy. Even though its website appears as legitimate as many others, it gives very little information in relation to the way the system’s robot functions. The app introduction video clip is the most notable content of the homepage.

As for the loss claims some traders have made around the internet, it could have resulted from any of many personal factors like inexperience and not the software. But Exchange Traders itself still has many issues of concern. It is profitable if it can deliver even close to its promised 90% accuracy level. But this is hardly possible even for common sense talk less of mathematical averages.

Although binary option trading is a lucrative way of making money online when approached with caution and enough information, many scam platforms have caused traders to lose substantial amounts of money. If traders can be informed, cautious and identify legitimate software, then they can truly accumulate realistic sums of money as profits from their investments.

There are many of such legitimate software around if you will take the time to evaluate options. Option Robot is one among many of such legitimate options. It is among the very few foremost providers of genuine and winning binary option trading signals. It has built a good reputation for itself over the years. Some of the features Option Robot has going for it comprise;

  • Transparency: You will love how the software has built and still maintains one of the highest transparency levels the industry has to offer. With a knowledgebase and FAQ section available on its site, you are presented with one of the biggest databases. A database that offers you all the information you will ever need to become the best trader you can be.
  • Risk Management: Option Robot controls and regulates investment risk levels through the various risk management systems it comprises. Martingale system, Fibonacci system and Classic system are few of the systems which the software uses to ensure the control and regulation of the level of risk contained in any investment tool.
  • Reputation: The Option Robot software has been mentioned by many real users that have actually tried and tested it. This has led to the software being nominated and winning some credible service awards over the course of time. One of such awards is that for the “Best Auto-Trading Software 2020”.

Finally, Option Robot is very modest in its claims. It does not hype any unreal sales pitch just to get traders to sign up to the platform. It does not post any false testimonials, feedback or rating on its website. It is a simple binary options trading software that delivers desired outcomes. It offers traders who use it the highest success levels when it comes to profits and genuine wealth accumulation.

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