Like hundreds of trading signals software, this product does not live up to real trading conditions on a live account.
WARNING: If you already lost your money using the software, you can read why here.
Many people use the popular trading robot from: OptionRobot.com.
The Lucrosa Scam
John Lucrosa sounds very genuine when he says that he is looking for a few suckers to try out the Lucrosa Software. However this is not a new trading robot for binary options, and it has already proven to be a money losing product.
These are the red flags you should think about before making a deposit.
Here is a direct quote from their Disclaimer Page:
“The Lucrosa promotional video is fictitious and was produced to portray the potential of the Lucrosa 3rd party signals software. Actors have been used to present this opportunity and it should be viewed for entertainment purposes.”
On the Homepage they wrote:
Guaranteed Daily Profits, Our automated tracking system GUARANTEES daily profits of at least $7,250 per day
Lucrosa Software Review
You can see reviews and comparisons of hundreds of trading robots here.
The product that Lucrosa gives you looks like this (see below). It is a very basic automated trading robot, but we found something really interesting. When we analyzed their trading results, we counted over 75 trades placed in one day!
Every hour on the hour the system placed one trade, and then another one 10 minutes later. This makes your risk of losing everything in your trading account extremely high. There are not that many high conviction trade opportunities each day in the markets. It doesn’t matter if you are a real investor or a robot.
Recommended Broker Scam
Every day traders email us about a new scam broker. You can see on this website, more than 200 reviews of binary options brokers. Sadly, most of them are offshore scams, and traders lose thousands of dollars.
During our test of Lucrosa, they recommend that we deposit money at an unlicensed / offshore broker that goes by the name Omega Options.
If you want to trade binary options and actually be able to withdraw your profits, then read: Why investors only use a licensed broker.
You have a decision to make; Are you interested in really trading binary options, or do you want to see if a trading software can make money for you.
If you want to trade binary options seriously, then you should choose a broker from the Top Rated Brokers page.
If you want to try an automated robot, then visit OptionRobot.com which is the most popular trading robot for a couple of reasons. You can choose a licensed broker and you can see how the software operates with their demo, look here.
Tell other readers how you lost money with Lucrosa in the comments section below.