This one is for all the Star Wars fans out there, the Star Wars Binary Bot scam is here to cash in on the media frenzy and let you join the Dark Side of Binary Options trading. I was really hoping that this would be a fun auto trader that didn’t take itself too seriously, sadly, that is not the case.
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For those of you that simply cannot resist the dark side, here’s the official website:
I Have A Bad Feeling About This
There is no way that you can take the Star Wars Binary Bot seriously, it really feels like one half of their team decided to do something fun, and the other half wanted to turn this into a serious auto-trader. The only problem is that there is no way that you can call yourself “Allen Vader” in the introduction, and believe that people will not start laughing out loud when they watch the video.
There is no way that you can start off like that, and then attempt to tell people that you were in charge of $10 Billion in assets as a professional trader! C’mon guys! This is incredibly cheesy. Nothing about it instills any confidence in this Star Wars Binary Bot system being able to perform even close to the claims they are making.
The sad thing is that people will probably sign up for it.
Star Wars Binary Bot Is Not The Auto-trader You Were Looking For
The Star Wars Binary Bot scam site is proud to flaunt the bogus features of the binary auto-trading bot by claiming that it is based on a “Dark Pool analysis algorithm”, and that there is “no risk”. However, I can guarantee you that there is no such thing as “Dark Pool analysis” and there definitely is risk when trading, especially with this system!
The Darth Bogus narrator tells us that the bot is about 86% accurate, and that it will get more accurate as more people join. I guess we have to be thankful that the Star Wars Binary Bot is at least not trying to claim that there are limited spots available, apparently their little army is more than welcoming to as many as want to join their little trading empire. In the screen capture above, you can see that they contradict the 86% accuracy claim, and state that they have 99% successful forecasts. That is of course not possible, even if you have the Force on your side – sorry, couldn’t resist.
Allen Vader tells us that the markets are moved by “Dark pools” that no-one has access to, but that he has figured out how it works. There is no such thing! This is all just a load of nonsense and it really makes a mockery not just of Star Wars, but also of Binary Options trading.
I also seriously doubt that the team behind the Star Wars Binary Bot even know how Binary Options trading works, take a look at the screen capture below to see what I mean.
Can you see how the payout amounts are actually less than the entry amounts? And yet, they are all marked as winning trades? How the heck does that work? It is really even more ludicrous when you see that they claim that the starting balance was a meager $250 which grew to a profit of $1,068,146! How crazy is that!!! So they’re saying that with every winning trade, they’re getting less back than their trading amount and yet they’re making money. They clearly don’t even know that the payout amount always reflect the initial trading amount, plus the return (normally 70% – 85%).
The other problem with the Star Wars Binary Bot “live trades” board is that at the time that I took this screen capture, the expiration time had already passed, and yet it still reflects as “Open”. It’s clear that all of this is simply a prop like you see in the movies, it’s not real.
Star Wars Binary Bot Is A Phantom Menace
This Binary Options auto-trader is truly an atrocious bot that is not even worth the comic relief of watching their poorly constructed video. The only sad thing is that there are probably people that are going to sign up for it. If you want, please do it purely for fun, and do not expect anything less than losing your $250 trading account. Don’t say I didn’t warn you. Kylo Ren would not be proud, this bot is pretty incompetent.
I can also only imagine what will happen if (or when) the trademark lawyers get a whiff of this. But then again, it’s possible that the internet is already so swamped with people trying to make money off the Star Wars craze that they will simply be overlooked. Either way, rather go watch the real movie 10 times than wasting that money on funding your broker account through this Star Wars Binary Bot scam.
Looking for better alternatives in the real world? Sure, have a look at our list of current