Legal Insider Bot is a piece of binary options trading software with a 100% win rate. The software has been created by alleged Hedge Fund Manager Greg Marks.
What does the product offer?
Legal Insider Bot is the newest product that I have seen that offers the claim of binary options trading bots that hit a ludicrously high hit rate on positive trades. In the case of Legal Insider Bot, this comes in at 100%. This means that according to the promotional material, Legal Insider Bot is literally a guaranteed money making product. Naturally I am sceptical of this. Furthermore, Greg Marks has negotiated an “insurance” policy with a number of binary options brokers that will allegedly refund your losses. Legal Insider Bot users also gain access to monthly competitions where they can earn up to $10,000 if they are the most successful trader. In order to gain access to Legal Insider Bot, you will have to create a new account through one of the chosen binary brokers.
How does the product work?
Greg Marks doesn’t really go into any detail about how Legal Insider Bot actually works. Instead there is the claim that he knows of a secret variable in trading that shows what “insider” movements big banks will be following. Naturally there is no evidence of this outside of a series of allegedly winning trades.
What is the initial investment?
Legal Insider Bot is actually technically free to access. You will however have to make a minimum deposit with a broker in order to open a new account. This figure will likely be around $250. There is a money back guarantee of sorts in place which comes in the form of Greg Marks’ insurance policy that means that the brokers will refund you your losses for the first 7 days. It is worth noting in the small print that this does only account for your initial deposit.
What is the rate of return?
Whilst Greg Marks claims to have made $34,174 using Legal Insider Bot, there is no mention of a timeframe, initial deposit or (not surprisingly) evidence.
Conclusion
It’s been some time since I have looked at a binary options package of this nature and I am not in the least bit surprised to find that nothing has changed. The marketing uses the same promises of massive income and no risk which interestingly enough directly contradicts the lengthy disclaimer. This is the same disclaimer that says “You also agree to indemnify and hold harmless the authors of Legal Insider Bot, their employees, contractors, partners, and service providers”. I’ve read plenty of disclaimers but this is certainly a new line and one that is very concerning.
The long and short of these kinds of binary options products is that they don’t work and I am yet to see any evidence that doesn’t come from an affiliate to suggest otherwise. The primary purpose is typically to earn a marketer referral fees to a binary options broker. In the case of Legal Insider Bot, the attempt to indemnify the creators is definitely the nail in the coffin. I wouldn’t waste my time nor my money, even with an alleged no risk insurance policy in place.
