TrendXpert Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

a Complete Guide for Binary Options Trading

With the constant erosion of our purchasing power by inflation, many people nowadays are looking for an alternative source of income to supplement what they are earning from their 9 to 5 jobs. This is one of the main reasons why binary on any binary options trading solution that seem suspicious. In this review, we will look at a binary options signal system called the TrendXpert. To see whether the TrendXpert is a scam or not, check out our review on it.options trading has become so popular during the last few years. The flexibility and simplicity of trading binary options offer the average retail trader room to maneuver around his relatively rigid schedule. The rise in the popularity of binary options trading has also given rise to scammers coming up with all sorts of schemes to get unsuspecting traders to part with their hard earned money. To help our readers avoid these scams, we conduct in depth reviews

Basic information:

Cost: Paid
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Free Software
  • Requires Deposit of $250 to gain access
  • Have to sign up with unregulated brokers

BinaryMinery Verdict:

Not Reliable Service

What is the TrendXpert?

Essentially, the TrendXpert is a binary options signal provider. It claims to be different from other signal providers in the market as it is able to produce a high winning ratio of around 84%. But from our research, we could find no supporting evidence that TrendXpert can produce the result that it claimed to be able to deliver. Instead, we discovered that the signal service is associated with 2 other binary options signal providers called Option Xpert and Option XE, the latter which is no longer in existence. They obviously seem to be connected and managed by the same individual by the name of Ben Newman. The fact that TrendXpert seems to be connected to some shady operations gives rise to the suspicion that it is most likely a scam perpetuated by the same individual.

How does it work?

Accordingly, TrendXpert works in the same manner as that of most binary options signal service providers. With a special trading algorithm, the trading system will analyze data from the market and then identify potential trading opportunities. There opportunities are then converted into trading signals which will then be transmitted to the subscribers of the service. The trading system also provided an automatic mode which traders can switch on to let the trading system automate the entire trading process.

And like most binary options signal systems, you need to register and then open a live trading account with one of the recommended brokers in order to gain access to the signal service. And while the signal service is provided free of charge, you need to make at least a minimum initial deposit of $250 before you can even begin to use the signal service. There is no demo account facility for you to use to test the reliability of the signal service. The question that we have to ask ourselves is if the TrendXpert signal service is so effective and reliable, why you have to risk your own money to find out? Why can’t a demo account be provided to test out the truthfulness of the claims?

If we were to examine the list of brokers that are recommended by TrendXpert, we will notice that the bulk of them are unregulated. This means you have no legal protection since these brokers are unregulated. While there is one or two decent brokers on the list, these brokers are well known to be provide bad service as well as being problematic. In fact Banc De Binary has recently closed down its operations due to the bad reputation it suffered from being in the industry. So the question is, if a signal provider is associated only with the “rotten apples” in the industry, what does it says about the reputation of the people behind TrendXpert?

Final conclusion

Our conclusion at the end of the day is that TrendXpert is most likely another scam. We highly recommend our readers to avoid having anything to do with them.

7 Binary Options

So TrendXpert, founded by Keith Wareing and Ben Newman, is a trend indicator service that provides users with trends based on select market indicators. Unlike most scam robots, they are not free and provide several account tiers. This is because TrendXpert was also a binary options education site and provides paid webinars as well.

So can it be trusted? Read our full review!

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • Free
  • Regulated brokers
  • Demo account and real account differ
  • Numerous biased affiliate reviews

7BO Verdict:

Not Reliable Service

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

What is TrendXpert?

You may have noticed that we used the past tense in our paragraph above and that is for a good reason – TrendXpert has been absorbed into OptionBot 3.0. Here’s the story – initially TrendXpert was a trend indicator/education center started by OptionXpert founder Keith Wareing with Ben Newman as the head trader.

However, Ben Newman has since left TrendXpert and has founded his own paid binary options education site called Bullish University. And now, if you go to OptionXpert’s website and click on the access TrendXpert link, it will bring you to the OptionBot 3.0 page.

So what’s the deal here? In actual fact OptionBot and TrendXpert were always linked as OptionBot 2.0, the previous incarnation was also started by OptionXpert. And now that TrendXpert has become defunct, they have simply absorbed it into OptionBot 3.0.

So the question now becomes – is OptionBot 3.0 legit or just another scam?

Here’s the deal, OptionBot 3.0 is not a complete scam in the sense that they do not make outrageous claims such as guaranteed profits of thousands of dollars a day, 99% win rates etc. A quick perusal of their website shows that they simply advertise OptionBot 3.0 as a simple trend indicator. It is also an auto-trader and hence like those other scam robots, you switch on auto-trading and have the robot lose all your money in a few minutes; sometimes you have to manually act on its trend indicators. In addition, both Keith Wareing and Ben Newman are real individuals and are definitely not paid actors.

So, TrendXpert/OptionBot 3.0 might not be a total scam, but we still wouldn’t risk it.

Screenshot

How Does It Work?

As we mentioned, in its previous iteration, TrendXpert was a paid learning site in addition to being a trend indicator service. The paid learning site business model was adopted by Ben Newman’s spinoff; Bullish University. Currently, as TrendXpert has been absorbed into OptionBot 3.0, the business model now follows that of the other scam robots: affiliate marketing.

Now we are not saying that OptionBot 3.0 is a scam; all we are saying is that their source of income is affiliate marketing commissions, just like the other scam robots. The difference is in representation; OptionBot 3.0 does not have any bogus claims or fake actors, all it says that it provides some trends that you can choose to manually trade on if you wish.

Because of this, OptionBot 3.0 is definitely one of the most promoted robots out there. However, because OptionBot 3.0 itself has affiliates, we urge you to be cautious of so-called unbiased reviews of OptionBot 3.0; most of them are likely affiliates of OptionBot 3.0 and are thus promoting it. We advise you to carefully try out OptionBot 3.0 and evaluate it for yourself.

OptionBot 3.0 is free and they have a list of partner brokers that you can select from; most of which are CySEC regulated. Since choosing the right binary option broker is extremely important, we urge you to not take this decision lightly and learn about the respective brokers as much as possible before making your choice.

Final Conclusion: is Alive in 5 a scam?

Like many others, TrendXpert/OptionBot 3.0 is very possibly a scam. However, this does not mean that using its services will actually make you a profit or will lose your money. Use at your own risk and choose your broker wisely.

Trendxpert Review

As its name suggests, Trendxpert has been designed to locate trends and find the right moment to trade to generate a positive income. This has become one of the fastest growing sectors of binary trading. The question is whether you should trust Trendxpert or not.

Trendxpert – The Basics

This product offers you the opportunity to trade in binary options for nothing and they will even use appropriately licensed brokers to assist you. Trendxpert can be left to run in fully automatic mode and offers returns of 90%. It is worth noting that although there is a demo account; this bears little resemblance to the Trendxpert trading account you will be operating. There also appears to be several client reviews which can only be described as promotional and certainly not genuine.

This potential Trendxpert scam was created by Ben Newman and Keith Wareing. However, it appears that Ben is no longer part of this scheme and Trendxpert has been absorbed into OptionBot 3.0. In truth the two products are and always have been working in conjunction with each other. Trendxpert is effectively the same as OptionBot3.0. On the plus side there might not be a Trendxpert scam in progress as they do not make extravagant claims to draw you in. They are simply an automated trading robot; which can be used manually if required.

Getting Started with Trendxpert

The Trendxpert system or OptionBot 3.0 is free to use. You will need to register on their website and select an approved brokerage. You will also need to deposit some funds before you can get started. Then simply leave Trendxpert to do its job and see if it can generate you any funds.

Conclusion – Is Trendxpert a scam or not?

The fact that it is linked with OptionBot 3.0 which has been called a scam before does not bode well for Trendxpert. It is also important to note that it is, in effect, an affiliate marketing tool and many other sites link to it to build its credibility and create their funds. Even a positive review may be just an affiliate link. Trendxpert may not be a scam but it is essential to proceed with caution.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Choice!
    Free Trading Education!
    Free Demo Account!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!!!

Like this post? Please share to your friends:
Binary Options Trading Guide
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: