(Editor’s note: As of 2017 this service is no longer available. Links are forwarded to a slightly better signal service for the same price.) This is a review of The Binary Options Signals Service that claims 72% monthly accuracy. These signals are delivered via SMS text or email in real time. They are not generated automatically by pre-programmed algorithms but are sent by real trading professionals who study the markets on continuous basis. The company claims to have well over 6000 satisfied customers.
Simple To Follow Instructions
The way the system works is pretty straight forward. The signals are sent in real time via SMS text or email. You do not have to know much about trading strategies to use their signals. The messages will contain all the necessary information for you to place a trade with your binary broker.
Here is the provider’s promo video with the subscription button below
Honest approach to clients and results
This is one of the only few brokers who actually display their winnings and losses in a live feed on their website. That’s a bold move which deserves to be noticed. By looking at their most recent trade history we can see that out of 10 trades there are 7 winners. This gives us 70% in the money.
In terms of real money if you had $1000 in total capital and put $100 on each trade you would lose $300 but at 70% investment return you would gain $490 (out of $700).
Their trading results kept at 70% and above are enough to win at binary options. However consistency of winnings should be checked individually and we strongly advise to begin trading them on a demo account first.
Trading real strategies by real analysts
Unlike many binary options signals providers who use fully automated signals, The Binary Signals vouch for their human approach to trading. Having a few professional technical analysts who look at trading opportunities round the clock is what makes this particular signalling service interesting. The main traders who analyse the markets and issue signals are Eric Sorin, Gary Clark, and William Baker.
Potential disadvantages of using the signals
As with most binary options signal providers that send their signals via SMS text or email, they don’t teach you anything about trading. As a result of this, your success in the markets is very much dependent on the signal providers. This is not necessarily a bad thing but it is open to limitations.
Another potential disadvantage is that signals come at various times of the day and night which makes trading a bit inconvenient. Even though the idea seems simple at the outset placing trades at any time of day or night may seem difficult, although with today’s access to mobile technology this becomes a lot easier than it used to.
If you want to learn about the markets and trade only at very specific times of day and only for few hours, than I suggest reading our section on trading live with a professional trader where you can watch and communicate with an expert trader during a short trading sessions broadcasted online.
Advantages of using The Binary Signals
The signals are quite popular and for a good reason too. There are some clear advantages of using such signal delivery system.
Here are the main ones:
- It is easy to follow and understand. The alerts are sent in an instant to your mobile or email allowing you some time to place the trades
- The system doesn’t require any market knowledge or technical analysis
- Run manually by 3 professional traders who look for trading opportunities
- Signals are sent round the clock 5 days a week from Monday to Friday
- Reliable signal provider that has been in operation a few years
- The advertised rate of 72% winning ratio is more than enough to win at binary options
The Binary Signals pricing and special offer
The price of the service is $97 per month with an enticing offer of only $9.99 for the first month of signing up to the signals. However, there is a slight catch. In order to be able to sign up to for this hot price you need to sign up and deposit money with one of their partnered brokers which will be presented to you upon signup.
If you don’t want to sign up to any of their partnered brokers and trade with your own binary broker you can still do sign up to The Binary Signals but only for $97 per month.
It should be also noted that you can cancel your subscription to the signals at any time.