The Rio Profits trader fake system is nothing more than a awful binary auto-bot that should be avoided at all cost! Who developed the system? Who designed the software application? Exactly what are the benefits and drawbacks of the application? We will be answering all of these questions in this review.
Disclosure: We might get a commission fee if you sign up through any of our links.
|Support Types:||Web , Email|
|Minimum First Trading Deposit:||$250|
|FREE Demo Account:||Yes|
|Impossible Revenue Gains:||Yes|
|Comes Across As Legitimate||No|
|Convincing Confirmation of Returns||Nope|
How Does The System Work?
A binary option, or asset-or-nothing option, is kind of option where the payoff is structured to be either a set sum of payment if the option expires in the money, or nothing at all if the option ends out of money.
The Rio Profits software is in essence a software system that will make trading decisions on your behalf. Since binary options trading is fairly straight-forward, you only need to decide if an asset is going to go up or down, it is ideal for automated trading. The fact that this app will trade automatically is exactly what makes an auto trader so valuable.
They claim you can make $237 dollars per hour and an astounding $5,000 per day – guaranteed! By now you should know that any trading that comes with a guarantee like that is a scam, that's just how it is. Trading is always uncertain, no guarantees are possible.
No Download Necessary
One of the most easy to use things about this auto trading software is that it is 100% internet-based. Anyone can make use of the Rio Profits app without worrying about the web browser or your gadget type. All that online investors require is a reliable and stable Internet connection and they are fully prepared to begin collecting earnings.
Key Background Details Of The Rio Profits Trader Application
Andrew Reynolds is supposedly the owner of Rio Holdings, and although a quick search on Bloomberg shows me that a company called Rio Holdings does exist, it clearly has nothing to do with the company presented in this marketing video.
So why do you think would they do something like that? Well, it's because they want you to think that the Rio Profits software is legit. It doesn't take a whole lot of intelligence to determine that this auto-trading bot is simply a scam.
The Rio Holdings company owned by Andrew Reynolds that they're referring to in the presentation video is a fabrication. What a shock, right?
Adding insult to injury, the trades that they show the system executed so successfully is also all made up. Take a look at the image below and tell me if you notice something odd…?
If you haven't spotted it yet, you might want to take another look at the “entry time” of the trades. All of those trades have miraculously been entered on a Sunday when there are no active markets that you can trade on!
In some cases you might be able to sneak in a Forex trade late on a Sunday, but there is no way that you would be able to trade Facebook or Oil on a Sunday, so this is all complete bogus!
The fact that they described their system as an auto-learning system that takes its own historical trades into account in order for it to improve future trading sounded really promising. It's this type of innovation that can really make a difference in trading results. It's too bad that all the evidence stacked up against it paints a clear picture of this all being lies, or else it might have been a good system!
The Rio Profits trader app supposedly has a system called the “Rapid Counter Measure (RCM)” which sounds very fancy. What I dislike about it is that the way they describe how it works is simply not possible.
The RCM system is supposed to “detect a risk of failure” and quickly open up a trade in the opposite direction of the first in order to counter it and save you from losing money. I admit, it sounds fabulous, but it's baloney!
With binary options, your win rate is generally around 80%. That means that if you risk $100 on a trade, and you're correct, you will get back $180. When you're wrong about the direction of a trade, you typically get nothing back. Therefore, if you open one trade for $100 and you're wrong, and then open another trade in the opposite direction also for $100, you will end up with $180 and still be $20 short of your initial $200 total trade size.
While it is therefore possible (and good practice when feasible) to open up an opposite trade and straddle the market, it cannot be construed as a way of completely eliminating your trading risk. That's where the guys at Rio Profits is trying to pull the wool over your eyes. It's just not how things work.
How To Get Started In Three Quick Steps?
If you've got your heart set on signing up for the Rio Profits software after reading our review, they at least make it super easy for you. One has to complete a standard type and wait for an account link to be sent out to his or her personal inbox for confirmation. After that you can select a broker to trade through and fund your account with an initial $250.
1. Grab your spot for Free
2. Join a recognized broker
3. Place your minimum deposit and trade on auto-pilot
Given all the glaring holes in this system, our Rio Profits review should give you some solid reasons for why you should not invest in this software.