BO not BS Scam
Latest posts by Marcio (see all)
- IQ Option Adds 12 All-New FX Options, 2 Trading Tools and Technical Indicators - March 7, 2019
- 5 Interesting Currency Pairs to Look into in January - January 2, 2019
- Bitcoin Drops Over 12% Of Its Value In Just 24 Hours - November 29, 2018
Like most forms of online financial trading, the success of a binary options trade is dependent on many dynamic and random factors which sometimes can prove to be overwhelming for the beginner traders. Hence, the introduction of automated trading robots into the world of binary options trading is a helpful trading aid for many beginner traders especially when it comes to the time where they have to decide whether to sell or buy a particular instrument to get the optimum level of profits. The BO NOT BS trading system is one such product that was recently introduced to the world designed to help beginner traders simplify the trading process. This particular trading system claims on its website that it is able to help its users achieve an impressive win rate of over 70%. But before you decide to sign up for this automated trading system, can you be sure that it is a legitimate system or just a scam? To find out more, we encourage you to check out our in depth review of the BO NOT BS automated trading system.
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations
- Free Software
- Impressive Win Ratio
- Unverified Win ratio
- Lack of information about the system
Not Reliable Service
What is the BO not BS System?
Basically, the BO NOT BS trading solution is a binary options trading software or robot. The system was said to be developed by a group of new software programmers and function as an automated system which execute binary options trades automatically on behalf of its users. According to the website for this system, it claims to have a win ratio of over 70%. What this means is that when you make 100 trades using the BO NOT BS system, you can expect to be successful with at least 70 trades. Based on the industry standard, this win ratio is an achievable win ratio and is considered by most traders to be a god win ratio.
However despite the fact the 70% win ratio is considered a good win ratio as well as being achievable, we found no evidence that could support their claim. In addition, based on our research on the internet, we could also not testimonials that can actually back up the claim of the BO NOT BS developer that the system can perform as claimed. This leaves us with a very uncomfortable feeling that the win ratio of over 70% might not be true at all.
How does it work?
Accordingly, the BO NOT BS trading robot uses a super secret trading algorithm to scan and isolate profitable trading opportunities for its users. We are unable to obtain further details about the trading algorithm used as the developer of the BO NOT BS is unwilling to reveal further information as to the inner workings of this trading algorithm. Nevertheless, the developer of the BO NOT BS system claims that the algorithm is constantly changing as it is continuously being tweaked to achieve optimum performance. So apart from the fact that the BO NOT BS is not perfected yet, this also leave us in the unenviable position of having to trust the developer of the BO NOT BS system blindly that the system is working well.
The question is would you trust any stranger that you met on the street with your money? If the answer is no, then why should the onus of trusting the developer of the BO NOT BS system fall onto you? Shouldn’t it be the case that the developer provides all the supporting evidence that their system will work as claimed to you as the customer? And also note that while the system is provided free of charge, to gain access to it, you are still required to open a live trading account with the broker recommended by the system and make a deposit of $250. So essentially, you are paying $250 to find out if the BO NOT BS is worth it. Even an automobile dealer doesn’t charge you for the gasoline when you take a car out for a test drive.
In our conclusion, we find that the developer of BO NOT BS is very frugal with information about their trading room. This leaves us with a lot of room for doubts about the legitimacy of this particular trading system. While we cannot say for sure that the BO NOT BS system is a scam, we recommend that our readers avoid signing up for this trading system due to the many unanswered questions about the system.
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|