Latest posts by Marcio (see all)
- Three Currency Pairs To Watch Out For - April 30, 2018
- Dropbox Makes Its Way to IQ Option with Spotify Soon to Follow After Successful IPO - April 5, 2018
- IQ Option Becomes the Only Trader Offering A Short on the Dwindling Crypo Prices - March 1, 2018
Also called binary robots, the automated systems can perform technical analysis on their own, and most importantly, they can place trades without your involvement. However, the market is full with binary robot scams, which is why you should be very careful when you choose a binary product of this kind. In the following lines, we would like to review Virtual Income system, a binary robot that became popular in the recent months, but which has many signs of a scam.
Software: 100% Automated
Max Returns: Up to 100%
Minimum Deposit: $200
Countries: All nations
– The system has both automated and manual trading modes
– The interface is user-friendly
– The system uses fake info to advertise the product
– There are many complaints about withdrawals
– There are not any positive comments about this product
Not Reliable Service
What is Virtual Income?
Virtual Income system is a binary options trading application that can work in the automated mode. The creators promised that this system can generate huge profits even for beginners. But, can this be for real? Is binary options industry such simple for robots like this? Well, don’t hurry to make big plans with your profits – Virtual Income has many dubious things that we want to discuss.
First of all, when you plan to deal with a binary options application, you should make sure about the reputation and the feedback. The sad news is that Virtual Income does not have any reputation, as there are no positive comments on it. Moreover, it seems that this binary system may actually have a reputation – a bad one. You can find many complaints on the internet that are related to the withdrawals, working process, and so on.
We would recommend our readers to stay away from Virtual Income even if they know that this may be a scam and are inclined to test it on their own. It doesn’t make any sense to try it on your own once we made this in-depth review.
Here is what we didn’t like about Virtual Income:
- There is no relevant information about how the system can generate money. The promotional videos and sales page show only advertising info that includes fake testimonies and stories.
- The application is available with unregulated brokers;
- The system claims to generate a lot of money, which is too exaggerated.
How Does Virtual Income System Work?
If you want to get access to Virtual Income, you should simply register on their page. However, you won’t be possible to place any trade prior to making an initial deposit that is no less than $250. The deposit is made with one of the brokers presented by this system. As mentioned above, the listed brokers are suspicious and don’t have any license.
About the working process, the creators claim that it can analyze the market data that is accessible on the Internet. Based on the generated signals, the application can buy Call or Put options on its own. However, you can also trade by using the manual mode. In this case, the system will send you the signals by message and you will decide whether to place a trade or not.
After opening a few positions with the chosen broker, you may be interested to withdraw money. The payment methods depend on the broker you deal with. However, we have read many complaints about the withdrawal process. Some traders could not get their profits even if their account showed considerable profits. We recommend you to be careful with such poor systems.
Final Conclusion: is Virtual Income System a scam?
Our final verdict for this binary trading system is quite unfavorable. We were quite disappointed by the system’s lack of features. Traders can lose their deposit really fast, which is the opposite with the advertised claims. Even if there may be some technical achievements available with Virtual Income, the system doesn’t have a decent winning ratio. You can try manual trading to lower the risks, but we don’t think that trading with one of their brokers is a good idea.
In conclusion, we can say that Virtual Income doesn’t deserve your attention at all. You should better check more reputable binary applications of this kind.
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|