Phenomenal Signal promises very high and quick profits to traders. But does this Binary Option Robot really work or is it a Scam?

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Our Robot Testers made a research of Phenomenal Signal and found out that this binary options auto trading software does not rate highly. As an alternative we have selected our Top Safe Binary Auto Trading Systems along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that Phenomenal Signal is safe. You can Continue to Trusted Robot Site OR Choose one of approved and safe trading applications:

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Phenomenal Signal Full Review

Phenomenal Signal is a service provider that launched its brand new SignalAutoTrader. Signals play a very important role in the success of any trader who prefers to trade through a broker directly, or use the manual mode of their binary trading software. That’s why, if you sign up for a scam signal service, your investments will be greatly hurt. With the following review we are trying to clarify if the Phenomenal Signal service provider is a scam or not. We took our investigation very seriously exactly because a lot of novices choose to rely on signals generating systems. It is much easier for someone inexperienced to fall for a scam.

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Phenomenal Signal – Scam or Not?

Our investigation shows us that Phenomenal Signal is actually a sort of a company that offers branded trading solutions. In this case, we have the SignalAutoTrader. It is a delivery system for signals. Its performance has not been proven to be good for now. Phenomenal Signal is not exactly a reliable service provider. We are inclined to believe that it is a scam, especially due to all the evidence we gathered during our investigation.

What Does SignalAutoTrader Do?

The SignalAutoTrader uses algorithms which analyze historical data. It then gives signals to the trader upon which they can act and place trades. Alternatively, SignalAutoTrader offers the opportunity to place the trades on your behalf. Traders are promised a success rate around 70%. Even though this is not an exaggerated claim, the results are still not verified and it is not safe to use the Phenomenal Signal service provider.

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A major drawback is that the software of Phenomenal Signal should be downloaded (available for both Mac and Windows). We do not approve of software that needs to be downloaded, especially if it’s not from a trusted source. Our investigation could not convince us that Phenomenal Signal is a trusted source.

Joining PhenomenalSignal

Traders can the Phenomenal Signal’s SignalAutoTrader with their own broker – this will cost a certain subscription fee, or choose to open an account through the SignalAutoTrader service with a recommended broker. In that case, investors can make use of a 30-day free trial. We would not recommend that you do that, because the quality of the signals is not guaranteed to be good.

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You have a choice between two signal providers if you sign up for Phenomenal Signal. The two channels of SignalAutoTrader are known as Juan Roberto and Kristian. Like we mentioned above, you will get 30-day free trial if you open a trading account through Phenomenal Signal. If you choose to keep your current broker and continue trading with it, you will have to pay a subscription fee of £129 per month, regardless of the signals channels and the traders that provide the alerts.

Final Overview

The SignalAutoTrader of Phenomenal Signal is still quite new to the market. Our verdict cannot be extreme but we have enough reasons to doubt the authenticity of the service provider. The success rate and the accuracy of those signals are yet to be confirmed. For now, it is not safe to trade using the service offered by Phenomenal Signal. The industry has a number of well-established reliable signals generating providers if you need one. We ourselves have reviewed some of them and we think that much better alternatives are available.

Conclusion

high_risk_stamp_top10_BRAfter making a detailed investigation our team came to the conclusion that there are better binary robots to trade with than Phenomenal Signal. We cannot confirm whether Phenomenal Signal is a scam robot or not, but upon investigating we found a lot of traders’ comments and complaints about the performance of this binary options robot and we don’t have confirmation that it can achieve the profits advertised via email.

We recommend you to Continue to Trusted Binary Robot and avoid scams by choosing a High-Rated and Trusted Robot on Top10BinaryRobots.com

 

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