Power Signals positions itself as a binary trading software that can generate free profits for you, but it doesn’t deliver its promises. I’ve had 2 readers who lost money to Power Signals scam.
If you are impressed by the profits generated in your demo trading account, you might want to check out this Power Signals review. I’ll show why you can’t trust the demo trade results.
Name: Power Signals
Price: $250 min. deposit
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
– Profits in demo account are rigged
– The software generate fake trades when market is closed
– Power Signals is a re-branded scam
– The trading software generates profits from your losses
Power Signals Software Review
Power Signals boasts an impressive 87% winning rate
Power Signals system is an automated binary trading software that trades binary options on your behalf. Once you activate it, you can leave it alone and it will manage trades for you.
Setting itself apart from the plethora of other binary trading software out there, Power Signals is one of the few auto-traders that provides a demo trading software.
However, many users have reported losing money in their real account despite achieving good profits using the demo account.
This includes 2 of my readers, who lost a huge chunk of their deposits when it came to trading with real account. Read their experience in the email below:
Email sent from my reader
Reading the experience of other users in various online forums have revealed the same trend. All users seem to lose money when it comes to trading with their real account.
Knowing this, I’ve conducted a thorough investigation into the robot. Although it’s not as obvious as the other binary auto-trader frauds, Power Signals is still a scam.
Let’s look at some clues below.
The Demo Account of Power Signals is Rigged
Users can try the software with demo account before depositing real money
The main selling point of Power Signals software is the ability to use it on a demo account first before switching to a real account, but this is where the fraudsters get you.
The demo account starts off with $10,000 virtual balance. Once you activate the auto-trading feature, the system generates automated trades on your behalf.
Over time, the demo account will invariably make money, and it seems legitimate because it makes a losing trade once in a while.
Every user will invariably make profits with the demo account
It seems fair, because you can see the performance of the software before deciding to deposit real money into your trading account. You get excited because you didn’t know that money can be made so easily on the internet.
However, few victims knew that the trades executed in the demo account are purely fabricated. Once you deposit real money into your trading account, it’s when the reality kicks in.
Your money is lost in quick succession, because Power Signals is generating losing trades on the real account. It is nothing like what’s achieved on the demo account.
This is when the majority of victims knew they have been duped. Don’t be the next victim, because it would be too late to recover the lost funds.
With that said, there are actually some subtle ways to expose the scam without having to pay for it, and here’s the evidence.
Power Signals was Still Trading When the Market is Closed
The trading robot was still generating profits on a Saturday
If you have traded binary options before, you would know that the market is closed for trading activities on the weekends. In other words, you can’t trade on Saturdays and Sundays.
I tested the demo account on a Saturday (15 Oct 2016), and surprisingly it was still generating profits when there’s no trading activity.
This is a HUGE red flag showing that Power Signals is a scam. It proves that there’s no real trades executed behind those numbers.
Power Signals is a Re-branded Robot
Multiple scams using the same platform
Power Signals software is actually just a white-label system that can be bought and re-branded into different names.
I’ve compiled several other re-branded scams that use the same platform (screenshot above), namely PIP365, Option Robot and iRobot.
Each and every of these robots operates in the same way as Power Signals. First they generate fake profits in demo account, then they lure victims into depositing real money.
When it comes to real money, all these trading software suddenly stop generating winning trades and deplete the users’ accounts.
How Does The Scam Make Money Off You?
If you decide to sign up for Power Signals app, you will be required to open a new broker account with their partner brokers, which are unregulated by monetary authorities.
Once you fund your trading account with at least $250, the software will be activated to generate automated trades on your behalf.
However, it is just a generic binary trading robot that make random trades for the users. Victims typically lose all their deposits within hours of activating the software.
The losses are pocketed by the broker, which is then shared with its partner-in-crime – the scammers behind Power Signals system.
In the end, internet users like you and me become the sole losers in this complicated fraud, while the scammers make a handsome profit with our trading deposits.
So, Is It Possible to Make Money Online?
POWER SIGNALS IS A SCAM. I strongly advise you to stay away from the scam if you don’t want to lose your hard-earned money.
You’ll be better off spending that $250 deposit for a nice dinner with your family than wasting it on a scam like this.
If you want to make money online, there are much better alternatives than trying your luck with binary options:
Have you encountered any online scams before? Personally I’ve fallen for a few before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!