Auto binary spy is a $37 binary options software by Donald Penderton. The developer claims this is the first binary options commodity trading robot and that is 100% automated.
Today I will go over this new binary options system in my review and find out the goals of Donald and the potential of his software.
Auto Binary Spy Review
To start, the auto binary spy is not to be confused with another binary options software that I reviewed a couple weeks ago called the binary spy. Now that that is out of the way I’ll give you some opinions.
Recently I’ve had a hard time with these so-called automated systems in binary options. It has been very difficult to find out how these automated systems work and when I finally do I am generally unimpressed. It seems like the only solution is to use one binary broker for every customer. This really limits customers choice and can lock traders into relationships they never wanted.
Now let me quickly take a look at some of the auto binary spy results being provided.
This is a very common image that we see in the binary options marketing world. This is a quick trading account screenshot which shows the amount of money in the account. One thing is not proven here and that is if this account is a paper trading account or a real money account. There is a big difference between the two and if I to put my money on one of the other I would lean towards paper trading for auto binary spy.
In the second image we see the system trading silver and oil during the two day span. During this time the investor is trading $2000 per trade to get a payout of $3400. Now this is some serious money and unless I had years of experience there is no way I would let auto binary spy automatically trade $2000 per.
Auto Binary Spy Conclusion
At this point in time I am not going to recommend auto binary spy. I have never heard of Donald Penderton and I’ve spent quite a lot of time in the binary options market in the last six months learning everything that I can. I’m also not overly impressed by the website and the lack of information about the strategy behind the product.
If you have something you would like to add please leave your comments below. I would love to hear your thoughts on auto binary spy.More From Patrick Ross