I think images will tell this story the best.

I used this:

An Automatic Binary Trading Software

The Automatic Binary Trading Software I Used BinaryAutoTrader.com

My bankroll started like this:

I started with only $176 at 24option.com

I started with only $176 at 24option.com

Then, I turned the auto trading software on.

All these trades were done by my binary options robot trader.

All these trades were done by my binary options robot trader.

I blogged more in depth about the experience here: http://www.binarytrading.org/binary-auto-trader-review/ if you want to read more about how it all works.

Over the course of a couple weeks…

Busto! 29 Trades Later I've Busted My Bankroll

Busto! 29 Trades Later I’ve Busted My Bankroll

Bonus Offer
50% To $5000

TradeRush Quick Guide
  • Awesome 60 Second Trades
  • Competitive Returns
  • Rebates On Losses
  • SpotOption Trading Platform

Bonus Offer
  • 50% Deposit Bonus
  • $200 Minimum Deposit
  • 81% Payouts
  • USA Friendly

Strangely, I want to reload and try again. Does that mean I have a problem? I’ll leave it to you to decide if an automatic binary option trading software is right for you.

Leave a Reply

14 Comments on "Binary Auto Trading Software Busted My Bankroll in 29 Trades"

20 days 14 hours ago

Binary Book is also a scam. Josh Lanox is someone to stay away from.

Peter Dumas
6 months 18 days ago


I used optionrally and when i make $5.00 trades or even $10.00 , I seem to win these trades. Tonight I thought I would try $250.00 trades and lost 5 of 6. I wonder if all these brokers are scams. I lost with binary options and stockpair as well. I am done with these brokers, I might have better luck playing baccarat at the casino.



Hershel Randles
11 months 15 days ago

I just started trading on a practice account with worlds market about 3 weeks ago, I started with 5000 play money and lost 3500 the first week but am up to over 13000 now. I have been trying to find out about the auto traders, but with out actually knowing any thing about them it seems pretty phony to me since you are betting against the broker why would they want to make it easy for you to win? If it is like a casino the winners are paid from the money which come from the losers so in this… Read more »

10 months 30 days ago

I used this same bot and lost $400 in a matter of 3 days. They are a bad bot. Check out scamwatchdog.com. The writer of this newsletter and website trades using both: auto bots and individual signal trades. And has all kinds of information regarding autobots.

1 year 4 months ago

Thanks for your honesty.

1 year 5 months ago

You complain that Binary Auto Trader made you lose everything after investing about 15% per trade?

Just an advice: Don’t invest more than 5% unless you want to lose everything again (if you haven’t enough money to invest 5% or less, just deposit more or use another broker). With this signal provider, profits aren’t very high, but at least they are genuine (I just compared your trades with the trades on the BinaryAutoTrader performance site and they mach quite well).

1 year 7 months ago

Is this autotrade stuff bad? Can I trust it? Their monthly charge is high. Is it worth the risk?

Garth Carpenter
2 years 3 months ago

Thanks, Jason. So far in my 4 months’ newbie involvement with binary options I have resisted all exhortations to employ auto traders. I note however, that you recommend TradeRush as a broker. They were my first broker and after an initial hiccup during which, according to them, I was inadvertently locked out of their site after depositing my opening balance, I really enjoyed trading on their platform. But for the past 3 weeks I have been locked out again, this time apparently deliberately. No explanation has been given except that it is due to my IP address. They still have… Read more »

2 years 9 months ago

i had the same problem…

Drake Langdon
2 years 9 months ago

Kudos to your vigilance to carry out trades with this trading platform just the same. If you hadn’t tried trading we wouldn’t know that maybe this site is a scam. The only way one can check it out is by trading. Legitimate sites are still out there so do not lose hope in binary trading. Read *snip spam* to check out which reputable ones are safe to trade with.

2 years 11 months ago

You got owned bitch! Haha.