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Seven Days Of Winning Trades - And End Up BROKE on day eight?
Legal Insider Bot is a new binary options trading robot that offers Zero losses for 7 days.
Is Legal Insider Bot a scam? Find out the facts in our legal insider bot review.
It's a new automated binary options trading robot that traders can download and install on both PC and Mac.
In order to use the legal insider bot software you must open an and fund an account within 48 hours.
According to the Legal Insider Bot Website (legalinsiderbot.com) "Greg Marks' is supposed to be a US Hedge fund manager and he appears to be "responsible for this his automated binary options robot software that "guarantees traders earnings and backs potential losses from losing trades by up to half a million dollars". Please note that Greg Marks is likely just a pen name used for marketing purposes and there is No Hedge fund manager involved here either.
"To the only Zero Loss Binary Robot
Basically, since Greg is sure that no trader is going to lose after a whole week of trading with legal insider bot, he signed a contact with two of the biggest and most "respected" companies in the binary options trading "industry" ( BeeOptions and Banc de Binary). This contract that is supposed to guarantee every Legal Insider Bot options trader absolute security.*
Please note that Banc de Binary is actually not a registered Financial institution or Bank, therefore I would highly doubt that traders have any sort of real security or guarantee here.
Offering traders absolute security is almost illegal especially for traders in the US. It is illegal for binary options brokers to open accounts for US residents unless the brokerage is registered as a broker/dealer in the US.
On June 5, 2013 the U.S. Commodity Futures Trading Commission even filed a civil complaint, charging Banc de Binary, Ltd. ...with violating the CFTC's ban on off-exchange options trading by offering commodity option contracts to U.S. customers...
You could (if you had the funds available) deposit up to half a million us dollars and trade "without risk" for a period of seven seven days (7 days ONLY) If your trades end up being losing trades, you losses are supposed to be refunded! (this sounds a bit too good to be true).
Legal Insider Robot Licenses appear to go very fast - however, it seems Greg is nearly out of them since he covers this agreement to the letter insuring it on his side too with 45 million of USD capital (according to him).
There's a total of only 90 legal insider bot licenses available (with me being an unbiased reviewer). An overly fancy website or another software release could easily attract too much attention and leave many traders behind that won't be able to get one of the available legal insider bot software licenses. Of course this is highly likely also just a marketing trick to create scarity and get people to try legal insider bot and open a brokerage account.
Please note that we have commented information from the insider bot website for the purpose of this review and to show you the real intention behind this marketing information. Binary options trading and brokerages are usually NOT regulated, therefore and gor the purpose of this insider bot review we strongly need to Doubt any of the claims, Guarantees, promises insider bot makes.
Binary options trading is risky - your funds will NOT be insured unless your broker is registered.
Do NOT open a binary options trading account with money you CAN NOT afford to loose!
Legal Insider Bot Results*
*Results NOT verified by Daytradingcoach.com
Legal Insider Bot Review Conclusion
For a positive review the official contact information from the company or service being reviewed should be easily available on the internet. Legal insider bot's guarantees and security statements, in conjunction with unregulated and so called "brokers" makes an unbiased legal insider bot review very difficult.
However, that does NOt mean that legal insider bot is a pure scam. Perhaps your losing trades (in the first seven days) will even be refunded but DayTradingcoach.com can not Guarantee that this.
After the seven days legal insider bot "turns" into a normal automated binary robot.
Since legal insider bot just launched (it was released on August 12th 2014 we need to wait what happens after the seven days. Oh wait, aren't we supposed to get legal insider bot now, before all licenses are gone :-) Do they want us to wait for 7 days so we can see some real user experience and performance results? Probably NOT. For a reason?
Legal Insider Bot Review...to be continued after 7 days when licenses will still be available?
Legal Insider Bot Contact Info
There is No physical contact info or company address/ info on the legal insider bot website itself.
The only contact info we could find was this :
Contact info from the Insider Bot JV/ Affiliate Page:
Contact legal binary bot on Skype (id: private) for some insider infos and JVs / swaps!
Sincerely, Steve & Mike
Legal Insider Bot Support email: greg /at/ legalinsiderbot.com
The website is registered as a PRIVATE website making it impossible for us to find out which person or entity registered the site. Private website registration is not uncommon but the fact that the website itself also doesn't reveal who really is behind legal insider bot should be a clear warning sign...again, Trade only with risk money you CAN afford to lose. Don't expect to make a lot of money fast with Zero loss binary options trading etc. Expect losses too!
WHOIS Legal Insider Bot
Domain Name: LEGALINSIDERBOT.COM
But before you get too excited I would recommend to anyone interested in making money trading binary options to visit the following website and get yourself familiar with binary options scams and fraud as well as risks:
U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose. This training website is neither a solicitation nor an offer to Buy/Sell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. This site and all contents are for educational and research purposes only. Please get the advice of a competent financial advisor before investing your money in any financial instrument.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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