This Tauribot scam review is going to be different than many of our other scam app reviews, because the Tauribot scam is an auto trading binary bot that actually caught my attention for a different reason than you might think. The algorithm behind the Tauribot scam app is claimed to have been created by an autistic kid by the name of Ian Tauraski, under the guidance of Dr. Steven Archer.
The reason I'm rooting for the Tauribot app, is because when I was a young boy, my best friend's sister was autistic, but not high-functioning as it appears Ian is. So, I've got a soft spot for the Tauribot app, and I hope that it will live up to its expectations. I'm calling it the Tauribot scam, because I want to draw attention to the fact that as an Autistic Savant, Ian Tauraski should get more credit for this, and not Dr. Archer.
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Feb 17: People that are based in the US might not be able to view the video, since the breakup I predicted between Dr. Archer and the university that was initially said to be backing it has now happened. The app, the site, and everything else associated with the Tauribot app continues to function without any issues.
Feb 7: I'm very glad to report that we've been receiving some very promising feedback about the Tauribot, it looks like it's gone completely viral and people love it! You're also welcome to check out the review by another site we trust, and they are SSL protected too – LeadingBinaryOptions.com
After receiving some questions about it, I went back and checked the University references I mention in my video, but I couldn't find them anymore. I'm not sure what happened, maybe they updated their site. It has also been pointed out that the trading interface looks very similar to some other systems, and that is true, so let me explain.
In the same way that the SpotOption interface is used by a large number of brokers, the trading interface used by Binary Options systems such as Tauribot, is often also used in more than one auto-trader. Just like the SpotOption trading interface is linked up to different brokers, even if an auto-trader looks the same as another system, it still has nothing to do with the algorithm that drives it. The interface is just the wrapper around the actual engine behind it all.
There is a lot of excitement about the Tauribot system right now, so watch out for reviews that only push one other system, you are free to choose and you shouldn't be given only one option.
Tauribot App Scam Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: No
- Paid Actor Testimonials: Not from what I could tell
- Impossible Revenue Gains: No
- Comes Across As Authentic: Yes
- Convincing Proof of Profits: Yes
- Possibility of Being a Scam: 5%
- Price: Free.
- Available In: Everywhere
Tauribot Scam Or Not?
We are told by Dr. Steven Archer that he had developed an algorithm that would solve the simple problem of detecting if a currency, index, stock or commodity would rise or fall within the next couple of minutes, but it missed the final element, the key that would make it all work. This is where the Tauribot app comes in.
If you are not familiar with Binary Options trading, you might not know that with Binary Options, all you really need to determine is if you need to take a trade that goes up (a CALL), or that goes down (a PUT).
With an auto-trader like the Tauribot app, you do not need to worry about spreads, stop loss levels, or freak spikes or drops that can wipe out your account. A good example of that was the USD/JPY spike just this last Friday that saw the market move 2,872 micro pips in just 5 minutes when Japan announced an unexpected rate cut. This is the type of market move that the Tauribot app should be able to take advantage of.
That single unexpected announcement made the market move 2,872 micro-pips, and then promptly reversed, which could easily have wiped out your account if you were trading regular Forex due to wild movements. With Binary Options, and an algorithm like the Tauribot app, you could still have made money on the trade. Let's say you had entered a PUT once you thought the market had reached a top after the first 1,000 pip movement. With regular Forex, you would have had to endure another 1,872 pip movement against your trade, which would probably have emptied all but the biggest of accounts. With an auto-trader like the Tauribot app, that fluctuation might not even have affected you at all.
In an effort to solve the final piece of the puzzle, Dr. Steven Archer decided in a stroke of genius to post the algorithm that would eventually become the Tauribot app online, and see if someone could solve it for him. It came as a big surprise to him when Ian Tauraski solved the missing piece of the equation, and thereby completed the algorithm. In honor of Ian, Dr. Archer named the trading algorithm after him, and that's where the Tauribot app name comes from.
Tauribot Scam? He's Just a Kid!
I was quite skeptical when I first started reading up on the Tauribot app, and I was very inclined to call it the Tauribot scam, but then I started reading up on Autistic Savants and their capabilities. Autism can be a debilitating disease, but sometimes together with the disease, you get islands of brilliance. These people are referred to as Savants, since they have astounding skills in specific areas that far exceed the capabilities of normal people. For higher functioning autistic sufferers, you might hardly notice that they have the disease due to their amazing talents. For Ian, this super ability manifests itself in mathematics and programming.
It's a Tauribot scam! I hear some of you say, but not so fast. Tell me, have you ever heard of Julian Marchese? No? Well, in 2011 he appeared in the Toronto Life online magazine, under the heading “Julian Marchese, 15-year-old day-trading savant“. If you checked up on that story, you would see that a lot of people thought it was all a scam, just like they might call this a Tauribot scam.
The joke was on them however, because if you do a search for Julian Marchese now, you will find that as strange as it might have seemed that a 15 year old savant trader existed back then, he now has his own financial firm, and currently he is busy starting his own hedge fund from his dorm room. Still thinking it's a Tauribot scam?
It is certainly very possible that a young kid with extraordinary abilities could crack an algorithmic code such as the Tauribot app and launch a brand new way of trading. To me, the bigger question here is whether the university would tolerate Dr. Archer using this kid's abilities in this way. That's why I keep referring to the Tauribot scam.
Should the university even allow something like that at all? I won't be surprised if the University completely distances themselves from this, and maybe even fire Dr. Archer for exploiting this kid like that. Don't get me wrong, I think it is awesome that a kid with Savant level Autism can actually contribute to society like that, but unless I missed it somewhere in the video, it didn't seem like the friendly doctor did much for Ian in return.
Tauribot Scam Or Dr. Archer Scam?
Knowing about people with Autism first-hand, and knowing what amazing things Autistic Savants can accomplish, I've got no problem in believing that a kid like Ian could create an amazing trading algorithm. The fact that the Tauribot is named after him is some consolation, but it still does not change the fact that it is possibly not a Tauribot scam, but a Dr. Archer scam. I'm personally upset about a member of a faculty using the skills of a Savant to create an auto-trading bot, that will ultimately benefit them more than it will benefit Ian. Having said that, we have already received numerous reports of the app being very successful, so I'm not calling the app itself a scam.
Tauribot Scam Conclusion
All things considered, I think it is best to honor Ian Tauraski by using his Tauribot app algorithm for what it was meant to do, which is to trade successfully. To test the system for yourself, click the banner below and see what all the buzz is about.
Remember that in order to protect you and to comply with regulations, all brokers will ask you for some form of visual identification, such as your driver’s license, as well as the last 4 digits of your credit card, and proof of residency. This is standard practice if you sign up for the Tauribot app, and you should expect to be asked for this type of documentation. However, you should note that they must allow you to blur or block out your driver’s license number and the first digits of your credit card. Always only invest money in trading that you can afford to lose. Remember about our ETS Guarantee, click the badge below to find out more.
If you’re completely new to Binary Options trading, it might be a good idea for you to first familiarize yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.
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