Binary Options Trading Signals Review
Binary Options Trading Signals is a binary options signals service that prides itself in being setup by a trader for traders.
Binary Options Trading Signals is run and operated by an individual: a trader known as Franco, apparently.
N.B. We do not have a view on Binary Options Trading Signals and do not recommend signals providers in general. We do not act as affiliate to any signal provider. Caveat Emptor – Buyer Beware!
The unique selling proposition of this service is that subscribers can look over the shoulder like a pro, and be led by the hand to learn the techniques used by Franco to churn out the advertised profits on their website.
Asset Types Traded
As stated earlier, the Binary Options Trading Signals service focuses on providing signals for trading the stock binary assets, specifically the US stocks. Popular stocks traded are IBM, Google, Apple, Microsoft, ExxonMobil, etc.
Method of Signal Delivery
Signals from Binary Options Trading Signals are delivered in a unique format. There is a live trading room that runs from 9.30 am EST to 11.30am EST, where subscribers can follow Franco’s signals live and direct from their PCs as well as from their phones. IPhone users need to use the Photon browser to access this service. The audio/video signals are streamed live to subscribers, who have to login to get access to the live streaming web link.
About three to five signals are sent to subscribers every trading day.
Signals from Binary Options Trading Signals go for a flat rate of $97 charged to the customer’s credit card every two weeks. Payments are made with PayPal and major credit cards on the Clickbank Marketplace where this service is sold. There is no trial period, so traders only pay their subscription fees as at when due.
The Binary Options Trading Signals team does not aim for a “per trade” profit model but rather a “per week” profit model. This is a more realistic approach as no one can win every trade, something that many other providers who claim outrageous profits on every trade usually claim to do.
The special features of the Binary Options Trading Signals service are as follows:
1) The chat room delivery system is an industry first. It allows traders to have more participation in the delivery of the service, and gives a human touch to the process.
2) A variety of chart tools are used in producing the trading signals. This demystifies the entire process so that traders are not bamboozled by the “complex algorithms” jargon.
Two forms of customer support exist. There is the sales support for those wishing to make sales inquiries. This service is reachable by email (email@example.com). There is also a general support service which handles technical issues, and which can be reached by email as well (firstname.lastname@example.org).
Traders can also get access to the live chat service and phone contacts from the Binary Options Trading Signals chat room interface.
While this is a signals service that can be said to place emphasis in a more personal approach to the service provision, a number of issues have been identified. There is no free-trial period for intending subscribers to assess the efficacy and profitability of the service, so subscribers are basically heading into the service without any protection. This is a huge drawback. If trades are unsuccessful, there is no way for traders to get some form of compensation either in the form of extended free service or an outright refund.
Aside from this, the personalized format of this service is something that traders are more comfortable with and this allows traders to ask questions and get all their inquiries answered while using the chat room service.