RewFeed is a new website that opened on May 29th, that is offering the “White Label” binary options robot. The underlying technology that RewFeed (also RevvFeed) is using, was first released in 2014, and it seems they are using the original version.
Unlike the other white label robots, it looks like this one is only integrated with the unlicensed broker BinaryTilt. This a problem you should read more about below in regards to scam binary option brokers.
Attention: Learn How The Binary Options Trading Scam Works, see here.
The most popular software today uses licensed brokers, see: BinaryRobot365.com.
The reason why people like to use a binary option robot like the one from RewFeed is that it is very user friendly. They have a demo mode, which shows that you will always make money. reality hits after you make a deposit and start using the software in real market trading conditions.
We didn’t like that they are making false representations about potential profits. In big bold letters they wrote.
“Earn $1,492 A Day From Social Media, Sign Up Now And Get $250 For Free”
This software has nothing to do with Social Media, and you will get $250 “free” by depositing with an unlicensed broker that gives you “bonus money” which is actually fake money.
RewFeed Real Results
Although RewFeed writes on their website that the software has an 87% accuracy, the reality is that at best you can hope for a software to produce 50% results. Also, when you configure your binary options software for automated trading you must select which Indicators and Currencies to use. Results differ based on strategy and the forex pair being traded.
Anytime a binary options software makes promises or guarantees of success, you should be wary and stay away.
Scam Broker Steal Your Money!
Since 2010, CySEC in Cyprus has issued licenses to Binary Option Brokers in Europe to authorize and regulated them as legitimate financial institutions. ASIC in Australia licenses brokers like HighLow.net and the FCA in United Kingdom licenses brokers like ETXcapital.com.
When you are dealing with a broker who does not have a valid license, you can be sure you will never get your money back. There are a variety of gimmicks they use to scam you and hundreds of people fall victim every month. Go read about the complaints people have with unlicensed brokers, see here.
Make sure you are only trading with a licensed broker!