There is a new software product that is being heavily marketed on the internet called BinaryArbitrages.com. The sales page for the product makes claims to offer an automated arbitrage broker scanner that will generate over a million dollars a month in profits.
I have received many questions regarding this product I have decided to buy the product and to do an objective review.
BinaryArbitrages.com Review
There are two aspects to this review. The first is what they claim the product is and what it can do. The second is what the product really is and what it really can do.
The product sign up page was ty
pical of many work at home, get rich quick, make millions, check out my bank statements, screen shots of portfolios with thousands in winnings type ads. It contains all the typical scam language that is becoming all too familiar in the industry. What interested me more than the “noise” about how much you can profit is what they said the product does.
They offer a Binary Options arbitrage program that “scans brokers for arbitrage opportunities day and night”. And it also “trades the exact amount on each one that Guarantees you a profit.”
Purchase price for this product is $47 (reduced from $297). Of course only 200 copies are available otherwise “brokers attitude towards arbitrage could change.”
After purchasing the product and clicking the email download link I was taken to another sale page. First a pop up ad appeared promoting TradeRush. I was then given two more upsale offers to purchase different webinars. Finally I was presented the download. Upon downloading and opening the software I was presented the following screen.
It had 3 actual tabs. Tab one promotes the best broker – TradeRush. Tab 2 provides a basic economic news feed and tab 3 offers live Trading Signals. So there you have it after peeling back all the layers I’m left with live trading signals.
I decided to try and be objective here. Understanding the nature of internet marketing I was prepared to forgive all the exaggerations presented throughout the whole process. Maybe the signals would profit at an unusually high rate. If that were the case I would be more than happy to have invested $47 on signals.
I opened up my TradeRush account (after all that was the recommended broker). Of the first 8 currency signals, 4 weren’t even offered by TradeRush. I was able to execute orders on two of them through my MarketsWorld account. Of the 6 I was able to execute (4 on TradeRush, 2 on MarketsWorld), I ended up in the money on only 2 of the 6.
BinaryArbitrages.com is a disappointment on many levels. They aggressively push you to buy a revolutionary automated arbitrage product they offers to generate millions in profits. In the end they provide a basic live signal program that failed to produce consistent profit.
That was enough for me. There are several independent signal providers that will give you free tools and charts. There are also brokers that offer signals as part of their basic account offerings.
Binary Arbitrages Review Video
Sorry to hear Tony. People like this give all traders a bad name.
Did you ever get your money back? I also just sent you an email.
Ouch. Thanks for the heads up Steve.
Thanks for the comment, Steve.
That’s why we felt we had to review it.
I purchased this product a while back and they sent signals right away when you clicked on live signals. I tried the software today 10/9/2013 since I have not tried it for sometime now. I put in my receipt number and email address and hit login. It loaded and I selected live signals and it said I needed to update adobe air which I selected to do. It broght up a box to download but I had to log out of the Binary Arbitrages software. I updated the adobe air to the current version and logged back in to the Binary software and it broght up the members page after logging into the software. I clicked on live signals and nothing happens. I click on the other links like news and it takes me to an error page. It loads the Brokers page but I already registered with a different broker. I lost $1200 with these people from bad trades. They don’t send live signals anymore. They want you to get setup with their recommended broker and trade with a automatic robot.
Hi Robert,
We are sorry for that and we will try to help you. Please check your e-mail and get back to us in order to help you.