Review Top Binary Signals

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

TBBOB

Fighting online scams since 2020

Scam Warning – Top Binary Signals – review

This review of Top Binary Signals is a warning, it is a scam that you should avoid.

One of our readers asked us about Top Binary Signals and the broker Eclipse Finance, but we had no information about them. This reader said that he has been scammed by these two entities, so we started to investigate.

Top Binary Signals is a binary options signals service that promises a win rate between 75 and 85 %. Which would of course mean very nice trading profits.

You can either buy the signals or get them for free if you sign up with one of the recommended brokers. And here we go, this is the typical scam scheme.

Table of Contents

Top Binary Signals scam

Just by looking at the Top Binary Signals website you can find hints that it is a scam. Of course common sense tells us that nobody will give money away for free, no matter if it is in the shape of signals or a trading system.

But you can also have a look at the awards that Top Binary Signals allegedly won. You can quickly see that they are fake. First of all the Top Binary Signals service has been created in 2020, so it could not have won awards in 2020 or 2020. Then you can also check that it did not win any European Banking Award in 2020.

Now this lie alone means that it is a scam.

Reviews and testimonials

But the biggest proof of scam is the overwhelming amount of complaints about Top Binary Signals. And Eclipse Finance, which is one of the brokers they push you to, the other one is SupaBinary. Both are of course unregulated.

Our reader told us that he has not been able to withdraw his money and unfortunately he is not alone. There are many complaints about the Top Binary Signals / Eclipse Finance duo.

Unfortunately with unregulated brokers it is very difficult to resolve any problems, because there is no authority overseeing them. Eclipse Finance provides a London address, but the real headquarters are very probably somewhere else. They are certainly not regulated by the FCA. Owners remain anonymous.

Conclusion

Top Binary Signals is a big scam, there is a lot of complaints about this binary options service. It cooperates with unregulated brokers that won’t let you withdraw your money.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Top Binary Signals Review

Top Binary Signals is binary signals provider established in 2020. They claim to have issued over 100,000 signals to half a million clients over the past five years with consistent +80% success rate. This provider offers live signals via Skype, email and SMS as well as professional advice from a personal broker.

Complicated Process of Signing Up

One would think that signing up with a signal provider is nice and easy as it is only the beginning of the trading process, but TBS proved us wrong. There is no visible Login or Register button on the page, so we tried to register through links in account section but failed. The link redirected us on Brokers page where it is stated that we must first deposit with the broker, and then contact or manager after which he will check our account and start providing us signals. The problem is, we couldn’t reach the manager as we couldn’t open our account.

Top Binary Signals, unfortunately, has a limited number of brokers – only two. Traders can choose between:

As Fair Binary Options didn’t review any of them, we really, can’t recommend their services.

When we decided to try a free trial, we clicked the button under “TBS skype signals” and it redirected us to a page where is no mentioning of a free trial. If you choose a free trial under the section for managed accounts, there is a minimum deposit of $1000 with Elite Options required. We can’t consider this a free trial in any way. It would be great if Top Binary Signals published their generated signals or simply provide free demo account for testing those signals. This way, it’s impossible to verify anything.

Top Binary Signals Regular Accounts Subscription Costs

Skype Signals

start from $149 biweekly for Starter Package. One session package is $249 a month and Four sessions package will set you off $777 per month.

e-mail Signals

Starter package is the cheapest pack the signal provider offers, at $49/ month. It is followed by the Advanced package for $99 per month and Expert trader pack for $199 per month.

SMS Signals

follow packages offered for e-mail signals, however, they are costlier – $79 / $149 / $249 per month.

VIP Members Deposit Requirements Off the Charts

Top Binary Signals is offering five different VIP plans.

  • Bronze one requires deposit between 500 and 1,499 USD/EUR but includes only Skype signals and choice of one free session for a month.
  • The Silver plan requires deposit between 1,500 and 3,499 EUR/USD and offers 1 daily email with signals, along with a choice of 2 sessions free for a month.
  • The gold plan starts from 3,500 to 6,499 EUR/USD and provides a choice of 4 free sessions for a month. Trader receives 3 emails, one SMS and 3% monthly cashback.
  • For 6,500 to 14,999 deposit trader gets Platinum service with 4 free sessions during the membership, 8 emails a day, 5 SMS a day and some additional services,
  • Diamond account holder must deposit 15,000-99,999 USD. This account provides them everything Platinum does, with the addition of managed account.
  • Good thing is that there apparently is a free trial upon request, and
  • the bad thing is that unless you carefully check the homepage you have no idea how many Skype signals you receive (the answer is up to 15). This broker provides managed accounts as well, with promised ROI of 100%.

These amounts of money required for deposit are quite high, so we suggest using a free service like Binary Options Robot instead.

Amount of Signals Depends Heavily on Your Deposit

Just a quick glance at the website shows that this broker promises three different ways of receiving signals, but our review showed it’s not really true. The way you’ll receive signals is highly determined by the type of service you pay for. As it can be noticed, cheaper accounts provide significantly fewer signals compared to the most expensive account.

Doubtful Signal Accuracy

We must say that we know that it’s impossible to achieve 100% accuracy as financial markets are in constant change and no trader has the information to beat the market in the long run. Top Binary Signals promises up to 88% success rate, with an average rate of 83%.

Looking at the website, one notices 2020 data where month after month, signal accuracy (win rate) is consistently above 78%. Top Binary Signals generates about 160 – over 200 per month. While we do not have resources to track win rates for such products in long-term, we must notice the fact that there is really low standard deviation when looking at the monthly data.

Low standard deviation of win rates causes doubt

The efficient market hypothesis tells us that the best way to ensure returns is passive investing into a broad index such as the S&P500 and that passive investing beats active portfolio management (stock picking) over the long run.

If we take a look at S&P500 returns month over month, it is easy to notice how volatile these are. In October 2020, the return was 8.3%, month before it was -2.64% and long-term average is just 0.75%.

So the question is, how can win rate on trades that are much riskier behave in a way that is less volatile than the general index. This narrow dispersion around the mean looks suspicious not only because theory but also because there is ample empirical evidence that this holds as shown by, among others, Vanguard.

Small question regarding the quick stats calculation

Another thing concerning their quick stats. We may be wrong, but if they had 203 trades, for each trade of $100, it means the customer invested $20,300 in winning trades and $26,000 total. If the profit was $7680, this means that average option returned ca. 35%, which is just too low. We usually see returns from 65% to 92% depending on the broker.

We also want to notice that we do not like when these kinds of stats are shown as due to various settings and features, the profit can vary, and in absence of a disclaimer this looks like a promise, which is false advertising we already covered as being unethical and under

For now, we have verified only Binary Options Robot results, while not promising impossible, these are realistic and in line with laws of economics.

EyeCandy Results with Profit Calculator

Same goes for the profit calculator, that, without stating the time period or anything else, showed us we could get $255K (see image on the right) with $1000 deposit in the standard scenario. This is a result that again looks like a promise.

This type of advertising can mislead traders and can be extremely dangerous since the dispersion of results can mean that some traders would have gotten way less than the mean and some even more. Also, risks are not mentioned, however, this is the way company stands behind supplied information (from their Terms & Conditions):

For the avoidance of doubt, Top Binary Signals™ hereby clarifies that it is not and shall not be responsible in any way for the accuracy of any information on this website regardless of whether it is published by the Company or by others. All published or referenced information shall therefore be regarded as unfounded information which is intended to help you manage your activities and risks. The Company strongly recommends that before you execute any action on this website, you must check and confirm all the information you get from this website through independent sources to ensure that these are satisfactory.

– so great for you that you ran into an independent source like our site.

Conclusion

Another disadvantage is a cluttered website that is almost impossible to use. Special offers, videos, various unnecessary information – they all make the website hard to navigate, as already mentioned in the section about signing up. We feel like we are on mobile plan provider’s website, where everything is intentionally made complicated in order to avoid providing direct and clear information.

In addition to almost perfect results month after month, the issue of false awards this provider does not really breed confidence. We tried to find the place where these esteemed services, real or not, have mentioned Top Binary Signals as a winner. This is another play on traders’ lack of information, using symbols to strengthen unjustified confidence.

In the world where many brokers provide free signals, Top Binary Signals charge too much for a service where results promised seem exaggerated. We always recommend using a free signal provider, like Binary Options Robot, that not only offers free signals and auto trading but also has the best brokers available in its portfolio.

Binary Options And Forex Signals

Binary options signals are alerts that are used to trade binary options contracts, which have been derived after analysis of the underlying asset to be traded. When compared with its forex counterparts, binary signals are still at an early stage. But as the number of traders increases, and newer software applications and tools are developed, we will begin to see increased usage of signals for binary trading in the market.

SmartTrader offer regular high quality signals and sign up is via a WhatsApp group, no complex form filling. Click the logo for more details.

BDSwiss currently offer ‘trading alerts’. These are delivered via two traders: Alex Douedari and veteran forex trader, Frank Walbaum. The signals are supplied free, updated in realtime and deliver both a stop loss and a take profit level. The signals are not pushed – so if there are no suitable trades, then none will be suggested. Trades are not added purely for the sake of it.

BDSwiss $10 N/A » Visit

New crypto broker Spectre.AI also deliver signals, but are quick to point out that these should not be considered trade advice.

Spectre $10 (ETH) Up to 200%* » Visit

Robot Signal Services

Some ‘bot’ services will also deliver signals. This extra step in automation may suit some traders – but bear in mind the risk is hugely increased when trades are being made without direct input from you, the trader.

BinBotPro from the below list, deliver signals as well as an automated trading services.

BinBotPro Choose among 20 robots and compare them on past performance. Activate automated trading in only 3 steps. » Visit Binary.com Regulated broker with a tool for building robots, offering a large range of features. Exclusive $20 Free » Visit OptionRobot Free to join with flexible settings including indicators, expiry and methods. » Visit AutomatedBinary Free demo account and options for money management and algorithms. » Visit

Signal Hive gets BinaryOptions.net’s vote as the current best binary options signal provider

Signal Hive is a first of its kind, high-quality signals market place provides binary option signals delivered both by algorithms (robots) and human traders, both which are heavily vetted over many months. Education can be provided via the more comprehensive Blue Sky Binary service. Signal Hive is all about following the trader and is aimed at traders who just wish to point-click and have a good shot at growing their capital over time. BSB Research & Development (R&D) has worked on ensuring only the highest quality signals (robotic and human) are delivered on Hive, with the aim to keep quality in the 60-70% ITM range on a weekly basis (Regular infographics allow results to be analysed). If any signal or human trader experiences a prolonged period of under 60% ITM, it is deprecated and removed from Hive.

Signal Hive is a signals market place where you decide which human or robotic traders you follow, in order to receive their trade recommendations. Read Lotz’s Signal Hive review here. Having been launched a bit over 3 months ago and having achieved solid performance after 1,700 signals with an ITM% of 64%, the Hive increases your chances of capital growth over time and gives you access to advanced tools such as a Dynamic Asset Risk Engine (DARE) and Analytics which helps you manage your risk.

All Signals Providers

  • SignalHive
  • Blue Sky Binary
  • SignalPush

Charting/Indicators

Signals Providers to Avoid

For a list of signal provider scams, visit our binary options scams page.

Quantum Binary Signals Review: Post Intense Testing

Reviewed By Binoption

Quantum Binary Signals Review: Post Intense Testing

Quantum Binary Signals Review

Many would be in need for some genuine Quantum Binary Signals Review to decide which binary option trading platform should considered.

Through intense testing and review we can confirm this is well accepted and best binary option signal service provider.

This review will help you understand more about the Quantum Binary Signals and its working which cannot be found in other sites or even in the website itself.

This software sends signals for commodities, Forex, indices and stocks all throughout the day.

This information is shared via emails or SMS to the registered contact details that are provided while signing up.

Thus it is important to give valid details while signing up to the profile.

The format and layout of the Quantum Binary Signals have made the system user-friendly and provides data is a very simple format such as asset details, market volatility, expiry time and price.

While testing within 3 months’ time, we received about 75 signals which were used across various trades to get winning results and to generate profit.

Some of the exciting features of Quantum Binary Signals are listed here:

  • Expiry of the signals between 15 minutes to 1 hour
  • Signals are shared instantly
  • Best assets – Forex , commodities , stocks and indices
  • Real hedge funds traders with 20 years of experience
  • Up to 3 quality trades a day sent to your mobile & email
  • Simple and takes only two minutes a day
  • 75-85% monthly success rate
  • Low limited risk

Though at the initial days traders used to get 180-190 signals in 3 months, this has been reduced to 75-90 days for the same period.

Though the count has reduced, only low risky signals are shared now and the filter has reduced many unnecessary signals that spam the traders.

This site is certified as clean, professional and reliable.

The official site of Quantum Binary Signals offers results of only last 10 signals and this helps traders to get access to and to make use of real time data without wasting time on unnecessary or irrelevant data.

This platform has very good historical performance and the expiry time is compatible with most of the other binary trading option platforms.

Through this platform you can expect 75 % – 80% of success rate can be expected.

There are hedge fund traders with more than 20 years of experience who are involved in this system.

It offers low and limited risk to its traders and also no prior experience is required for users to start trading in this platform.

How to use Quantum Binary Signals?

Firstly, you need to open an account with Quantum Binary Signals through their official website.

They will start sending signals through SMS and emails, usually 3 signals are shared on a daily basis and these 3 are mainly focused on the accuracy.

Once signals are received you just need to copy paste the signals in the platform, it will then be analyzed and interpreted to reap profits.

The expert team does a lot of filtering and chooses the best assets for investment.

It is possible for traders to trade in different assets as per their choice.

With this trading stocks, currencies and indices this platform is well considered by traders.

High Capital Risk Is Involved In Financial Trading

Performance and Win rate

Signals are not always with reference to graphs and indicator, it needs expert’s consideration.

Thus Quantum Binary Signals have expert traders who add value to the signals to make the information accurate and reliable.

This is the very reason signals from this source is more considered by traders than automated messages from other sources.

Price associated to Quantum Binary Signals

The fee payment for Quantum Binary Signals is also very flexible.

Traders have the option to make payments either monthly or daily.

When it is daily the fee is about $4.96 and on a monthly basis it is about $99 only.

There is also 7 days trial package made available to those who are new and what to see how the platform works.

This trial service is rendered at the cost of $ 9.99.

Paid trial will even help you understand the accuracy of signals that they provide.

To make sure traders get the best experience withdrawal of profits and earning is very flexible and can be done at any time.

There is no need for any broker confirmation and so on.

Traders have complete right for their money and accordingly can withdraw it.

This app does not rely on technical analysis alone, to make the information more accurate there are manual efforts input.

This in itself clarifies that it is not scam platform.

However as a suggestion we feel Quantum Binary Signals can come up with free trial option to gain more popularity and to earn more traders.

Irrespective of how genuine it is, users will be ready to give a trial only if it offered for FREE!

In any case if you are a trader looking for trusted software provider and guidance from experts, this platform is ideal.

The terms, regulations and conditions are easy to understand and traders can easily adapt to the same.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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