AurumTech (formerly know as Nesdek) is the new name for a binary options trading signal software. Before you fall victim to the most prevalent binary options scam, here are some things you should be aware of with AurumTech from AurumCorp.co.
A trading signals app like the one from AurumTech creates a brokerage account for you, at a random broker, and most of the time it is an unlicensed binary options broker. It is really important for you to see why you should only trade with a licensed broker, see here.
WARNING!
If you are really a smart person, then you will read how they steal your money, read this.
AurumTech Review
The first way to research a trading software like AurumTech is to fact check the statements they make on their website. We did a quick news search on Google for Marco Shoemaker. All those news websites which they show featuring him, are pure Photoshop images, and not actually real.
When we signed up for the Aurum Tech App, they connected use with an unlicensed broker called Starling Capital. The amazing signals that Marco speaks about in the video did not display for us, and this is probably because either the software does not work, or because we have not yet funded our trading account.
There is a simple rule when it comes to using a binary options software, and that is to see it in action before making a deposit.
AurumTech Scam
The broker that AurumTech works with is the biggest problem, and very likely a scam broker. Investors are still very naive and many do not know that most binary option brokers are fraudulent scams. The only legitimate binary option brokers are the ones that are licensed and regulated by CySEC, ASIC, FSB or the CFTC.
As we mentioned earlier, when we signed up with AurumTech, they connected us with an unlicensed broker.
Most brokers will give you trading signals from a 3rd party supplier, so there is really no reason to use any additional software unless you want an automated trading robot.
Binary Option Signals App
Believe it or now but there are literally hundreds of trading apps and trading signals software available today, look here.
Warning from Australia’s Regulator
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
If you want to just trade binary options with no added signals system or trading robots, then check the latest list of best brokers.