Option Bot 3
Every few weeks we seem to see a rise in the release of binary options automated trading software. It seems as soon as one reliable and profitable system is released, there are about 3 or 4 scam systems that emerge as well. There are quite a few telltale signs that one can pick up on to determine if a system is legit or not.
In our review of Option Bot 3, we shall give our honest opinion of one of the newer trading systems and point out some of these warning signs. Read our Option Bot 3 Review to see if this system is legit or just another con.
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations
What Is Option Bot 3?
Obviously, by the name, one can determine that Option Bot 3 is not the first software of its kind. It is indeed the third installment of another program that was found to be a scam, as is version 2.0. Also related to Option Bot 1.0 and Option Bot 2.0, is the XE Trader, a system that was supposed to be an improved version of Option 2.0. However, all three of these systems have been proven to be fraudulent so why should anyone trust an Option Bot 3? Based on this alone, we already have an unfavorable opinion of this trading software.
Option Bot 3.0 is supposedly an improved version the 2.0 software and claims it earns enough profits in a short period of time with no effort on the part of the trader. There are in fact trustworthy auto traders out on the market but honestly, Option Bot 3 is not one of them. We feel that it will only be a short time before this software is obsolete and we will see it re-emerge under a different name: Option Bot 4.0 perhaps?
How Does It Work?
To use the system, you must open an account win one of their brokers, deposit at least $250 and only then can you access the trading software. It is fully automated so it will place trades on your behalf. Whether or not it will be successful is yet to be determining, as all we have seen are negative reviews from traders who have lost money rather than earned it from using this trading system.
If you do earn anything, you can withdraw your money. However, as none of the brokers they recommend are regulated, the withdrawal process is a little unclear. We find this to be a bit shady and we do not trust this system.
Also, we could find no pertinent company information listed on their website to support that they are in fact a legitimate trading system. And we received no response from their customer support team for even our most basic inquiry.
Conclusion: Is Option Bot 3 a Scam?
We cannot say for sure that Option Bot 3 is a scam but we feel that it has all of the warning signs including lack of company details, false promises, fake testimonials, lack of customer service response as well as the fact that they are not regulated. We do not feel that Option Bot 3 can be trusted so we suggest that you opt to trade with a more trusted trading system.
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