Binary Options Pro Signals Review
N.B. We do not have a view on Binary Options Pro Signals and do not recommend signals providers in general. We do not act as affiliate to any signal provider. Caveat Emptor – Buyer Beware!
Binary Options Pro Signals provides binary options signals to subscribers for use in trading the Call/Put contracts in the binary options market.
Binary Options Pro Signals (BOPS) uses trading algorithms to create the signals that are sent out to traders, based on the trade opportunities that these algorithms detect. Traders can therefore use these signals with some measure of confidence, especially with the opportunity to test the signals for 7 days before full commitment.
Asset Types Traded
Only currencies and stock indices are covered by the Binary Options Pro Signals service. Given the fact that currencies are traded on a 24-hour basis, this means that traders can receive signals to trade the forex assets all day long.
Method of Signal Delivery
Trading signals from Binary Options Pro Signals are delivered by email and by internet messenger services such as Gtalk. In addition, there is a members’ area on their website where traders can also receive valuable tips and information that will enhance the signal delivery and implementation experience. Signals are also posted here but will require the subscriber to refresh the page for new signals. There is also a facility to send out signals via Skype for those who have access to it. Signals are sent out three to five times a day and are valid until the trade expiry stated in the signals.
Binary Options Pro Signals allows for a test period for prospective clients to try out the signal service before committing fully to the service. There is therefore a 7-day test period for just $7, and if the trader is satisfied, the subscription can be carried on at just $97 a month. Payments are recurring until the trader cancels and can be made with PayPal and major credit cards (MasterCard, VISA, Amex) on the Clickbank Marketplace where this product is sold.
The Binary Options Pro Signals team claims a profitability average of 72.5% over the last 12 months of trading. This gives an approximate winning ratio of 2:1 (two winning trades for every losing trade). Traders can use the 7-day trial period to see if the outcomes of the signals received mirror the performance of the last 12 months. Binary Options Pro Signals has also gone ahead to indicate with some measure of honesty that past performances are not predictive of future results.
The special features of the Binary Options Pro Signals service are as follows:
1) Signals delivered by actually contain the entry price in addition to other parameters like the name of the asset to be traded, the expiry time and trade direction (CALL or PUT). This is unlike many other signal providers, and enables the trader to know if the trade is still valid at the time he has had access to the signal. If prices are too far gone, the trader can immediately tell.
2) The website of Binary Options Pro Signals provides subscribers with a rich learning experience by providing a video demonstration of how to profit with the signals service, how signals are sent and how they can be implemented. There is also a page on how to trade the binary options market. This is a good addition as Binary Options Pro Signals does not assume that users fully understand how to use the product, but goes ahead to cover all the bases.
3) Traders receive signals across 10 different markets, giving a broad spectrum that traders in any part of the world can choose from. Some signals providers provide signals for restricted assets, effectively locking out users from certain countries, but not Binary Options Pro Signals.
The customer service can be reached using the online contact form on the Contact Us page on the Binary Options Pro Signals website. There is also a live chat facility for anyone to contact the support team in real-time.
One thing that stands out with Binary Options Pro Signals is that there is no aggressive attempt to sugarcoat the expected results from their signal service. There is some honesty about their presentation in terms of the expected outcomes, and the broker has gone ahead to provide extra information about the entire process so that subscribers can use the signals service with some degree of ease.