Binary overdrive is a new free binary options trading software being provided by David Collins. David claims that he’s one of the world very top binary options traders and that his strategy can be used for automated binary profits.
Today I will review this free system and tell you if it is worth your time at all. For more on binary options software, find out which is performing best in our recently updated Binary Options Lab.
Binary Overdrive Review
I have gone through the webpage, downloaded the binary overdrive software and really given it a hard look. Once you enter your email address you are taken to a members area where you are given two steps. The first step is to sign up to their broker (this is where they make money from is free system) and then you log into the auto trading platform. You will also notice some screen shots I added from the overdrive website of broker accounts that aren’t even compatible with the software.
I have a problem with these free systems. In binary options these are taking over like a plague by developers providing bad systems that auto trade. Let me tell you something here, there isn’t one binary options broker that would allow auto trading if they knew the system would win. By this measure until binary options brokers use a third-party software like meta-trader four automated systems like binary overdrive just can’t be trusted.
There is also the fact that there is no incentive for David Collins to provide you with a good product. All that matters to David is that you sign up to that broker so that he gets his commission, once that is done I would be very surprised if you could get a hold of this guy by email at all.
Binary Overdrive Conclusion
I think you already know where I stand when it comes to binary overdrive or other free binary options systems that require you sign up to a brokerage. This software does not pass the Forex robot nation seal of approval.
If you have something you would like to add to this binary options review please leave your comments below, I appreciate your thoughts and everything you have to add about binary overdrive.
Yes Sir, you made a good point!
Until Binary Options brokers allow some form of built-in automated trading methods on their servers like Spot FOREX brokers do with (MT4, MT5, NinjaTrader, TradeStation, etc.) then it’s not a reality.
I do hope that one day soon BO brokers will allow us to use or Charting Software’s and autotrade with EA’s and Custom indicators!