Traders Matrix was a binary options trading software which opened on March 9th 2017. The Traders Matrix software includes; binary option signals and an automated trading robot. When you signup to use the Traders Matrix software, you will be automatically assigned a random binary options broker that is selected for you. In our case, they assigned us an unregulated broker. You may have the ability to choose a licensed one also.
Make sure you properly research you broker, before you deposit your money there! Read Broker Reviews Here.
Traders Matrix Review
What makes the Traders Matrix software unique is that they are offering 2 different services. They have the auto trading function and they have the binary option signals service.
Binary Option Trading Signals: The system generates random trading signals, alerting you of potential trading opportunities, and they show a “confidence factor” which means how accurate the signal should be.
Auto Trading Robot: The automated trading robot uses the signals generated, and automatically places trades for you. You can configure setting like the amount to trade for each signal, along with a daily stop loss amount.
Many automated binary option robots you encounter online are simply get rich quick scams, that advertise 100% accuracy and good results. Some will even claim to guarantee your success. When using trading signals, the decision is in your hands weather or not you want to place a trade.
Traders Matrix took a different angle and say that you will have to pay 20% of your profits after 3 months. The truth is, most people do not trade binary options for longer than one month because they usually lose their money very quickly.
Scam Broker Alert!
Traders Matrix works with about 10 different binary options brokers, and they are always adding and removing the brokers they work with. When we signed up for the software they assigned us an offshore broker that is called BinaryOnline. Because they are not a licensed broker, we instead looked at the best binary option brokers list to find one with auto trading.
Complaints are very common in binary option trading because many people make the mistake of using an unlicensed scam broker. You can read hundreds of complaints about brokers in the binary options forum.
You can easily avoid problems by read the brokers review on ScamBroker.com and verify that your broker is actually licensed and regulated in your country, read reviews.
