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

 

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.

  • francis senelwa

    I have also had a bad experience with Binary Auto Trading software Deposited 250$ with BinaryMate connected with Turned on the software, day one made 17$, then 50$ another 50$ and i realised things were not ok i put the software off and withdrew my remaining balance, i agree with you that software is a scum

  • Tadas

    All people run away from "Option888", 100% you will lost all your money.

  • Chris

    Hey Robert tell me about Josh Lanox

  • Robert

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

    • Chris

      Tell me about Josh Lanox, what have you experience with him?

    • David Bump

      Can you give some specifics? I’ve got a Binary Book account, and I don’t know if I’d say it’s an outright scam, but they did keep asking me for more money and lost interest when I drew the line. I think all brokers may be like that, though — they’ll work with you if you throw lots of money at them, but if you don’t have much money (or just don’t give them enough) they aren’t going to bother.

  • Peter Dumas

    Hi;

    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.

    Thanks,

    Peter

  • Hershel Randles

    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 case if these things worked every one would have one and the brokers would go broke real fast.

    If I am wrong about this I wish some one would clue me in because they do interest me.

    • Paula

      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.

  • Robert Jodouin

    Thanks for your honesty.

  • mike

    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).

    • David Bump

      It’s true that you shouldn’t invest such large percentages, but if you’re that far in the hole after 29 trades, I wouldn’t bet on coming out ahead even with smaller trades. It would just take longer to run out of money.

  • Clerg

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

  • Caffeine

    Hey Garth – what do you mean locked out because of your IP address? Is your geographic area no longer allowed to trade at TR or what are they saying? Let me know and I’ll see if we can rattle the cages for you.

  • Garth Carpenter

    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 my funds. Their technicians claim, and I believe them, that they are unable to solve the problem. They have handed it back to me. But it really is their problem. If they are not prepared to correct a situation that is aided and abetted by their security company, Encapsula, then they should be censored by the regulatory officials who permit them to trade and hold their clients’ funds. Those funds they claim are still mine, but because I am locked out of their site I am unable to process the normal procedures by which one withdraws them. Ironically I keep receiving invitations from TradeRush to participate in webinars and functions; obviously the right hand doesn’t know what the left has done. Best wishes and thanks again. Garth.

  • Longiness

    i had the same problem…

  • Drake Langdon

    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.

  • Cuban

    You got owned bitch! Haha.

  • Caffeine

    This is the software I used: BinaryAutoTrader.com

    • kenneth Zink

      Caffeine have you made money with the autotrader binary.com?

      I have been using their demo trading account of $5000 and have made about $2000 in two days so I’m winning trades some losing trades but mostly winners but how do I tell whether the demo is not phony?

      • J D

        Day (year) late and possibly a dollar short, but if anyone else is reading through trying to find out information, but I have some advice for Ken’s specific question, even if it may not relate to this specific company, but I think it is good advice.

        When following a company’s demo charts information, in another window or tab, open another charting program or site with the same chart symbol, and compare the 2. Even if it is with a delay, you should be able to tell if the first site’s demo data is at least following reality.