Hey Mr Binary,
I received a bunch of emails recently from people recommending I use the Virtnext trading signals system for binary options.
They created an account for me with a broker I never heard of. Also, are their signals accurate, can I trust their auto trading feature on low risk.
Virtnext seem very promising, they have a very nice looking signals software for auto trade, but I don’t want to make a mistake with a bad software, and bad signals.
As we mentioned in other responses; Binary options are for trading by yourself against the broker, and no real broker will invest your money for you to profit. Read about managed accounts here.
As far as which broker to trade with, we always recommend using an ASIC or CySEC licensed broker. There are not many complaints from traders about legally registered binary option brokers. See the list of best binary option brokers.
Virtnext is just the latest attempt by a company to create an automated trading robot. We signup to their system and checked out their software.
The software basically randomly changes from Buy to Sell and back to Buy signals every couple of minutes. Which means that the system does not work!
Another false issue with the system is the potential profit from a trade. A typical binary options broker pays a return of 83% for a Euro/USD trade. Which means $100 turns into $183. Virtnext makes up random potential profit and says that your profit will be $259, $245 and $264 which it total bogus.
Therefore, the only automated trading robot that we currently recommend to traders is the BinaryOptionRobot, which you can read about here. You choose which broker to use, which assets it should auto trade and which signal source to use.
Now that everyone has figured out that VirtNext is worthless, it looks like they are trying to repackage it under the new name “GlobeTraders“.
I am glad that I signed up with a broker from the best broker list.
I tried Virtnext, it doesn’t work. I lost all of my bids.
Tauri did let me win 50 percent of the time. But altogether its all a scam and designed to make customers lose their money.
Wish to alert you all on the “virtnext” auto-trading software scam. After sign-up, you will have access
to the trading login site and main site for a short trading period, then you will not be able to access anymore.
Message will appear : “This site can’t be reached”. The “contact” link is also useless. You will not receive reply to your queries, so your deposited funds with their brokers in there are as good as gone. There are also
some binaryoptions review sites with the moderators promoting “virtnext”. These moderators will also not reply to your queries, complaints or comments to them about “virtnext”.**