Signals365.com is now listed as a recommended service on many online trading blogs, yet we have reasons to believe that it might be a SCAM! We are not ruling out the signals service at this point because we know that we can’t take the word of a few testimonials, and often it takes more than a few ‘burnt-out’ users to indicate if a service is a scam or not. On first look, Signals365 doesn’t look like the typical pitch page, money-making schemes that we often review & expose, however many of the statements on the websites are genuinely concerning. First before we get into any criticism we have to acknowledge that at least this is not an “over promising” website, as nowhere on their front page, Q&A and contact us page do they mention the word “millions” or phrases such as “becoming extremely wealthy by using this service!”…
We salute them for not being as misleading and devious as the typical services we expose on BinaryoptionsWatchDog.com!
We suspect that Investoo.com owns this service but even if this is the case, it doesn’t necessarily make this signals platform a scam. Investoo.com is a blog and they are entitled to advertise signals or anything else. They also sell strategies which are offered free on many sites but this is up to their own policies and if they have some added value associated with the paid education, we don’t see any issues with their business conduct. Day-traders should know that binary options strategies can be found free in most cases and you shouldn’t be paying for this type of education while signals and webinars are a different story and naturally can come at a cost. After doing some research we found that Signals365.com is heavily promoted via a network of advertisers, they reach out to many blogs. We also received an email from them encouraging us to promote them and a few of our partners received emails as well.
Let’s get to the point, we do believe that 65%-70% ITM is reasonable but honestly it’s too low to generate income with binary options! In most cases this ITM rate will get you a break-even performance with binary options, of course it also depends on the trade amount invested each time. In reality with a 65 percent ITM rate you will be losing money over time. It’s a risky business and this is probably why we got a few complaints. Now, just to be fair, the complaints were reasonable and the members who decided to leave the service Signals365.com, did it without feeling ripped off and without a sense of wanting to revenge against them. No positive comments yet but it could be because we never posted an article on them yet.
In reality, and you can research this if you are new to binary options, you will need a consistent, minimum of 72-73% ITM on average, to make it with binary options and generate wealth over time! Anything below is not worth your time. Now really, what’s the deal with the 100+ signals every day?! This is a claim we’ve seen on a few blogs that advertise Signals 365 with positive reviews. Shouldn’t the focus be on quality over quantity? Another guy claims that Signals 365 generates 80% ITM, but he is also advertising them so it’s kind of hard to take his word for it… As for us, we don’t want to reach a conclusion without the help of our visitors! We also welcome Signals 365 staff to respond, members of the signals service or others who have anything to share.
If we find that this is a legitimate signals service we will consider to promote it but right now we need more feedback, honest testimonials and not just on websites that are directly connected with the service or get paid to advertise it. We’ve seen many binary option signals services become viral for all the wrong reasons so it’s time that we get an honest evaluation of the service. On the Signals365 website we found a few testimonials by people who seem to be real, definitely not Fiverr.com actors. One of the testimonials is by the creator of Investoo.com, we welcome those members to comment a well. Adam Green (Investoo.com), David Goldstein, Ted Gorodetzky, Akpo Khan.
Visit WatchDog’s Blacklist and avoid Binary options SCAMS! If you are a new trader, we recommend that you start with a Free Demo Account before you test any strategy or service! Please don’t forget to share your feedback below!