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Automated Trading Bot Review

Automated Trading Bot is a piece of trading software by Matthew Penn that is designed to automatically trade binary options.

What does the product offer?

The software provided by Automated Trading Bot is claimed by creator Matthew Penn to be the only software on the market that is compatible with the new TDP API-NG update. There is no real information provided on what this is though, and research turns up nothing for TDP API-NG or the old API 5.0 and 6.0. Automated Trading Bot also comes with a full user manual.

How does the product work?

Automated Trading Bot is claimed to be a fully automated piece of software that trades binary options which Matthew Penn claims will be profitable. In order to use Automated Trading Bot you have to use BTG Option as a broker for your trading.

What is the initial investment?

Matthew Penn has made Automated Trading Bot available for free. It is worth noting though that there are costs involved in terms of an initial deposit through BTG Option.

What is the rate of return?

According to Matthew Penn users can expect to make $53,000 from $20 in 3 months exactly.

Conclusion

Automated Trading Bot is part of an on-going trend whereby binary options trading software is made available for free in return for signing up with a chosen broker, usually one that the creators deem as “reputable”. The basis of the model seems to be that the referrer gains commission for referring users to the broker. There is very little evidence that the software ever works so despite being free I would steer clear of Automated Trading Bot and products like it.

 

 

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From: Simon Roberts