The profit or loss depends on whether the underlying price is on the right side of the strike price. Some binary options can be closed before expiry, although this usually decreases the earned payout if the option is in the money. Binary options are often seen as a form of gambling rather than investment due to their negative cumulative payoff since brokers have an advantage over the investor and are marketed as having little or no market knowledge.
While a binary option can be utilised in theoretical asset pricing, they are vulnerable to fraud in their implementations and are therefore banned as a form of gambling by regulators in many jurisdictions. Several binary option outlets have been exposed as illicit in nature. Occasionally, binary options trade on platforms which are regulated via the Securities and Exchange Commission SEC and various other regulatory agencies. However, most binary options trading happens out of the United States and might not be regulated.
Products IT. About us Help Center. Log In Where do you want to login? Sign Up. Income Tax Filing. Expert Assisted Services. Tax Saving. Mutual Fund Investments. GST Software. Crazy ATM Software has been discovered by many expert binary options traders to be a scam software. One giveaway that Crazy ATM is a scam is that every single bit of information in the software is presented unprofessionally.
For example, there are lots of spelling errors in the software and its manual. They did released a video to explain about how the Crazy ATM system work. The video presentation apparently was done by someone called Gordon SEO.
On opening the page of the Crazy ATM App, it automatically plays an audio recording that lasts for 2 minutes. This recording is believed to be the voice over of a person who addresses himself as Michael. There is no information as to who Michael is and where he comes from.
If you pay attention to the video, you will notice that one of the positions showed on the page only have 1 second expiry. It is a lie that they can generate successful trades in 1 second as there is no such technology yet. This is proof that the developer does not have any experience in trading binary options. Another area that identify the app as scam is the presence of so many grammatical errors on the page. The developer of Crazy ATM software did not know that a single grammar error can make a difference of the trader generating a profit and losing money from the trade.
Once the first video has finished played, there will be another video along with a female trader which has apparently lose in the trade using the software. It seemed that the software developer is unprofessional in trying to con newbies who are not familiar with the basics of binary options trading. The scroll bar located on top publishes outdated information.
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On opening the page of the Crazy ATM App, it automatically plays an audio recording that lasts for 2 minutes. This recording is believed to be the voice over of a person who addresses himself as Michael. There is no information as to who Michael is and where he comes from. If you pay attention to the video, you will notice that one of the positions showed on the page only have 1 second expiry.
It is a lie that they can generate successful trades in 1 second as there is no such technology yet. This is proof that the developer does not have any experience in trading binary options. Another area that identify the app as scam is the presence of so many grammatical errors on the page. The developer of Crazy ATM software did not know that a single grammar error can make a difference of the trader generating a profit and losing money from the trade.
Once the first video has finished played, there will be another video along with a female trader which has apparently lose in the trade using the software. It seemed that the software developer is unprofessional in trying to con newbies who are not familiar with the basics of binary options trading. The scroll bar located on top publishes outdated information. This is a sign that the Crazy ATM software does not have many members yet. It is most likely that these members are. It is believed that the developer paid people to write positive reviews on the Crazy ATM software that lie to people that they can generate profits with the software.
There is no way to prove that the reviews are genuine and written by real traders. It seemed that the videos pop ups on the site are not done by a real trader but by someone who has been paid to be a part of this scam. There are seals posted on the website giving the impression that Binary Options ATM is in fact a legitimate site.
However, these are dead links so therefore we cannot safely confirm that these seals are in fact legitimate. We could not find a link for customer service support to answer any of our questions about this system. We feel that these factors prove that this system cannot be trusted in any way, shape or form. However, there are no required in-app purchases as of this writing. If you wish to analyze your own trades, you may trade manually and the system will not send you trading signals.
You would then have to find another source to generate signals. Binary Options ATM is easy to use for those traders with experience, but for new traders it leaves a lot to be desired as you must have some knowledge to properly benefit from this service. After carefully assessing Binary Options ATM, we do not feel that this system is the least bit reliable. The fact that they have no customer service support is quite disturbing. Also, we could find neither positive nor unbiased reviews online.
We have no proof that this system generates the profits they promise on their homepage. Until we receive some positive feedback, we cannot recommend this system. If you chose to utilize this system, you do so at your own risk. We highly recommend that you chose another system that has proven to be trustworthy.
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