Forex Robot Reviews

Binary Options Magnet Reviewed And Discussed

Binary Options Magnet is a new forex software released by Thomas Hunt that he is selling for $77 on the Clickbank Payment processor. It includes a 60 day money back guarantee. Let’s look at what Thomas is really offering here.

How it works

This image is taken from their sales page that illustrates how to use their product.

binary options magnet

Strategy

This is a EURUSD scalper, and we all know how sensitive scalpers can be so I have serious concerns about the way this product operates. Scalpers require very fast execution times, and millisecond timing on top of low spreads. So how you’re going to get lightning fast execution times when you have to sit there and wait for the signal, then open the trade yourself seems like your shooting yourself in the foot to start.

Results

Not too sure about these results. Thomas shows screenshots of some trades where he has some winning streaks, and then has a video that shows what he claims is the account where he moves his mouse around and scrolls a bit. Problem is he doesn’t click on anything, no links or no trades so for all we know he could be scrolling an image. I’m not claiming the results are fake, but if they are real why not make a better effort to illustrate that instead of leaving a big question mark.

Remember if you are going to try Binary Options Magnet that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of Binary Options Magnet are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with BinaryOptionsMagnet or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

Ok guys lets get the ball rolling, here at ForexFBI we encourage our visitors to discuss your Binary Options Magnet experiences, strategies, thoughts, whatever…

Binary Options Magnet Rating

VN:F [1.9.22_1171]
Rating: 3.9/10 (45 votes cast)
VN:F [1.9.22_1171]
Rating: +1 (from 17 votes)
Binary Options Magnet Reviewed And Discussed, 3.9 out of 10 based on 45 ratings
16 Comments
  • John - Posts: 1
    January 13, 2013
    Reply #1

    This product is a complete scam. I purchased the advanced version and to my surprise All the currency have the same signals. I ask for refund and he changed it to tech. support. Stay away from this product.

  • Quincy - Posts: 1
    January 8, 2013
    Reply #2

    I have pruchased Binary Options Magnet advanced version. There are no audio signals as promised. Signals are all the same and not in real time. Only when I leave my PC running with the software and check back later it shows signals when I was at my PC watching the software giving no signals. This software is indeed a scam to get commissions from broker. To bad I bought into it.

  • Anne - Posts: 1
    November 29, 2012
    Reply #3

    The binary magnet really works if you use it in conjunction with MT4 CANDLE sticks , trend direction and MT4 TRADING Software. The only problem is the expiry time if there as a way of one choosing the correct time either be 40 minutes or more than one hour. Most of my trades when I took with the robot were 100% correct the only problem was I either set short time to longer time

  • Trader1111 - Posts: 1
    November 24, 2012
    Reply #4

    Hello,
    My name is Matt I have been trading for about 7 years. Like most of you I have blown account after account with no lasting success. I can relate perfectly to the emotional and confidence turmoil these “robots” can do. I stumbled onto binary options about 2-3 years ago and immediately knew this was how I wanted to trade. Many failed attempts with signals and such. Finally when I opened an account after about a 6 month leave from the markets I discovered something. That with all the knowledge I had gathered about the markets I didnt need any help. Sounds crazy but in one month I turned 4000 into 36000 based only on my trades. I was not following any strict system or magic strategy. Just focus,a positive attitude, and price action practice. When you try to force the markets they will turn against you. Submit to the markets will and watch what it is telling you. You are the trader! Stop avoiding trying to trade yourself and looking for other peoples ideas. Go take your damn freedom! Dont look for someone to do it for you. All the best and best regards

    -Matt

  • Sergio - Posts: 1
    November 23, 2012
    Reply #5

    Binary Magnet is Scam. When I ask refund from ClickBank Vendor change titckrt to tech support several times. Never Respond on E-mail and do not give me promesed refund. Keep OFF him !!!!

  • Capthowdy - Posts: 1
    November 9, 2012
    Reply #6

    I purchased the Binary Options Magnet about 2 weeks ago, and agree with all these posts. Every currency pair signals the same trade, and it says trade, no trade, trade, no trade, all in about 60 seconds. In the video were they show his winning trades are all over 15 minute trades, then the instructions say, don’t enter with more than 15 minutes left in the trade. This tells me they didn’t use this software to win those trades or are lying about those winning trades. So I have emailed support 5 times asking questions and have never got a response back,, bad business!!!! I would suggest stay away from the magnet.

  • Jonny - Posts: 70+
    November 2, 2012
    Reply #7

    Sorry… but those meager amount of trading does not equate to it “working” or any level of “success”. And neither do many real traders. Sports betting would be better than binary options. Binary options brokers are just as shady if not outright crooked.

  • Anne - Posts: 1
    October 31, 2012
    Reply #8

    Hello there
    Sorry my other email has problem so I have to repost
    The binary magnet really works if you use it in conjunction with MT4 trading software with 15 minute or 1 hr. time frame depending on the movement of the market. If markets are slow its best to use 1 hr. time frame on MT4 but if markets are fast its best to use 15 minutes.Below is my live account trades for 31/10/2012 and one for 01/11/2012.Most of the times I wasn’t on the laptop but the times I was I took the trades below. The only loss I was “out of the money” was my mistake as I put more than 1 hr. expiry time but the trade was “in the money for 40 minutes so am not counting it as a loss
    742812 € 26 EUR/USD 2:33 01/11/12 1.29661 3:00 01/11/12 1.29665 win
    € 44.2
    741621 € 30 EUR/JPY 17:17 31/10/12 103.598 18:00 31/10/12 103.567 win
    € 52.5
    741199 € 30 EUR/USD 15:28 31/10/12 1.29698 17:10 31/10/12 1.29673 win
    € 53.1
    741018 € 25 EUR/USD 14:50 31/10/12 1.29752 15:15 31/10/12 1.29721 win
    € 43.25
    740551 € 65 EUR/USD 12:15 31/10/12 1.29983 13:00 31/10/12 1.30030 lost
    € 6.5
    740529 € 50 EUR/JPY 12:02 31/10/12 103.793 12:30 31/10/12 103.752 win
    € 87.5
    740432 € 32.5 EUR/JPY 11:16 31/10/12 103.814 12:00 31/10/12 103.814 tie
    € 32.5

  • Anne - Posts: 1
    October 31, 2012
    Reply #9

    the loss i made was my mistake i put more than 1 hr expiry other wise it was on win for 40 minutes so i don”t count it as a loss as it had given me a good signal and i cant blame the magnei but my poor desicion

  • Mandy - Posts: 1
    October 19, 2012
    Reply #10

    Hi,
    I have downloaded and tried Binary Options Magnet. I placed a total of 13 trades at $25 per trade. I won 8 trades and lost 5. Gave me my trade money back plus $31.50. I am not really sure if it’s worth it. Also seems the signals are the same for all the currency pairs which is a bit of a worry. Need more time testing it out before I come to a definite conclusion about this product.

  • Jonny - Posts: 70+
    October 16, 2012
    Reply #11

    Ya, great points newbies should know. These types of hourly betting euphemistically called “binary options” is run by shady characters and is much like offshore sports betting sites. You are betting what the forex price will be one hour from now. Ridiculous. Recognize how ludicrous that is before you eat up the sales pitch.

  • Colin - Posts: 1
    October 15, 2012
    Reply #12

    Yep, I have to agree with the previous posts. I only placed $250 as an initial investment, a try on amount really. It raised phone calls immediately from the brokers, send more money. Ok so I set the BOM (aptly named) to work, made 5 trades lost 3, made a further 5 trades the following night lost 3, then two more and lost on both. The account now is 60% gone. The rules are, only choose a trade that has <= 15 minutes to run. I made a point of going in at -10 minutes as a rule, only to see the trade turn against me most times. I find the Bollinger bands, MA's and A/D indicators more reliable. Clickbank here I come.

  • Godfried - Posts: 1
    October 14, 2012
    Reply #13

    I was conned into buying this program by the false information and expectations created by vendor on website.
    The trade results shown in website presentation are theoretical examples or, at the very least, appear to be selectively chosen from other real accounts.
    A different trading strategy was obviously used to produce the trade results published on website and after purchase we found that totally different conditions were prescribed.
    In other words: fake or fabricated material used to promote sales.
    Have proven that promised results cannot be achieved when rules of software are “followed to the Tee”.
    Signal windows freeze sporadically, do not update immediately in real time and the vital signals produced thereby are unreliable and create dangerous false messages designed to cause losses when acted upon.
    I followed instructions “to the Tee” and the result was that the remaining balance in my account was wiped out after 3 consecutive LOSING trades today. I have 10 years experience as Forex and Binary Options trader and know a bit about BO trading.
    This program is total JUNK and not suitable for anybody with NO trading or technical experience, as claimed.
    I have already claimed my money back from ClickBank under their 60 day refund policy.

  • Mike Chipchase - Posts: 1
    October 13, 2012
    Reply #14

    I brought Binary Options Magnet a few days go and immediately put it to work. Previous to this I was manually trading Binary options with the assistance of a spreadsheet I wrote myself and my results were extremely good so I have a good basis to make a comparison.
    On running Binary Options Magnet initially I had 2 wins then 2 losses followed by 6 wins in a row using AUDUSD…
    Then However…
    I ran it on another computer and found that on different currency pairs it produced the same signals, this rang a warning bell so then I ran 4 sessions on the one computer all looking at different currency pairs and found that it always produced the same signals no matter which currency pair it was looking at.
    My conclusion is that it either does not work at all or only produces signals based on one currency pair but shows them no which currency pair you have selected.
    It in my opinion simply does not deliver the goods.
    My other concern is that whilst the author claims to respond to support requests in a 2 to 5 hour time frame. He has failed to respond to continued requests over a 48 hour period. Again this does not inspire confidence.
    Don’t buy the product unless these issues are resolved it is unreliable in my view

  • Scam buster - Posts: 1
    October 12, 2012
    Reply #15

    Agree with the first post. Seems an unprofessional set up. Generic password on the ‘members page” which is exactly the same from where-ever it is accessed. The system has not shown one reliable signal in two days.. If you are seeking a professional Binary signal platform, then OptionBot is the only choice (you also get free access to assess its capabilities for 7 days!).. Just Google it! As for OptionMagnet?? BinMagnet more like!

  • Unknown - Posts: 1
    October 10, 2012
    Reply #16

    Complete scam artist. This product looses 8 out of 10 hell I could have got better results guessing the market. They don’t offer a money back because the Binary Options Magnet works they offer it because you probably signed up under Hunts broker right? Hunt gets a $25 bonus from every one that signs up under his affiliate link on his website say you deposit $100 at the broker Binary Options XP (traderxp) hunt gets $25 and if you deposit $200 then Hunt gets $50 bonus and so on and so forth. Hunt is a piece of shit taking advantage of the needy. Just like all the other people that sell get rich quick crap from clickbank. All these reviews you see on the internet are just here to get a commission from Clickbank just like Hunt is getting commissions from the brokers. See how it works now? It’s a viscus circle a spiral people can easily get court up in. Don’t be a fool like me.

Leave a Reply:



 Subscribe 


Top 5 Performing Forex Robots
Top Rated Posts Top Rated Brokers
Broker Rating
FxOpen 1 Star2 Stars3 Stars4 Stars5 Stars
(3.40 avg of 128 votes)
FxPro 1 Star2 Stars3 Stars4 Stars5 Stars
(3.00 avg of 67 votes)
AvaFX 1 Star2 Stars3 Stars4 Stars5 Stars
(2.94 avg of 67 votes)
IamFX 1 Star2 Stars3 Stars4 Stars5 Stars
(3.47 avg of 234 votes)
HotForex 1 Star2 Stars3 Stars4 Stars5 Stars
(3.55 avg of 248 votes)

Recent Posts Latest Comments Latest Poll

Do You Trade On A VPS?

View Results

Loading ... Loading ...
Real Time Web Analytics