Our team of experts made a study of this binary options robot and found that it does not rate high on Google trends as you can see in the graph below. Also, there is no significant information available about them.
Since there wasn’t enough data to analyse, our team cannot guarantee you that RockeTrade is safe enough to invest in. You are given the opportunity to Proceed to Safety OR Choose one of the Top10BinarySignals.com approved Binary Options Robots:
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The binary options marketplace is packed with auto trading robots, which makes it difficult to choose which one is legit and which is not. Rocke Trade on the other hand is a manual signals service provider which makes it different from the automated systems that are already out there.
While the downside to using a manual signal service provider is that traders have to sit in front of their computers full time waiting for trading signals, the benefit is that traders get full control as to which trades should be performed and which can be missed. When traders are able to choose their signals, they can save a trade, maximize their gains and avoid potential losses.
But what about RockeTrade? Does this manual trading signal service provider generate accurate signals for its users? Can this service be trusted for maximum gains on investments? Our research shows that RockeTrade is unreliable because the accuracy level of the signals is pretty low.
What is RockeTrade?
RockeTrade is a new signal service provider that allows binary options trades to execute manual trades based on the signals it sends out. According to those who have created this software, it makes use of an innovative algorithm that can guarantee gains on investments. According to their website, RockeTrade is an advanced robot that works at super-fast speeds to analyze financial data. It is easy to use and it can give its users the best trading experience.
But our investigations tell us that RockeTrade is actually very unreliable. While the software generates signals and sends it to the trading platform for users to execute trades, the quality of the signals is low. They are not very accurate and cause traders to lose their money.
Scammers these days have become so clever that when their software gets labelled as a scam, they release the same software under a different name to deceive even more traders. This is exactly the case with RockeTrade. The same trading system was released under a different name some time ago. So basically, Rocke Trade is a rehashed version of an old system that was proven to be bogus.
How To Get Started?
We don’t advice traders to sign up for Rocke Trade, but we would like to provide information on how it is like to get started with them. The procedure has been outlined below.
- Free Sign Up – this requires completing the necessary fields in a sign up form available on their website.
- Join A Broker – the brokers linked to this software are not reliable. They require a minimum deposit of $250, but when you add this amount, the chances of losing your trades becomes pretty high.
- Trade – the software generates signals and sends it to the trading platform. Regardless of how careful traders are while choosing the signals, they will end up losing their money because of the signals are highly inaccurate.
How Does RockeTrade Work?
According to their website, you don’t have to pay anything to get started with the system. they have even claimed that all new members will get $500 credit to test the system. Basically, they have enabled a demo trading feature whereby traders can try out the system risk free. But, the fact is that traders are required to add $250 into their account after 7 days of using the demo account.
When traders make use of the demo account, the ITM rate is very high and traders are made to believe that this is the kind of results they can expect when they enter live trading. Once the money is in the account, traders don’t receive reliable signals. In fact, they end up losing their investments pretty fast. So we don’t think RockeTrade works as expected. It doesn’t meet the expectations of traders.
- Users can choose which signals to trade
- Signals are not reliable
- User feedback is negative
- Lacks special features
- Accuracy ratio is low
Is RockeTrade Legit or Scam?
A large number of traders have complained that RockeTrade doesn’t work to deliver on its promise. There are three types of accounts available for traders. The first level is free and the other two are paid. It costs $149 per month to open an account with the second level and $7500 per year to get started with the third level account.
According to them, once you have reached a maximum gain of $7000 on your free account, you will be required to pay $149 to upgrade to the next level. The truth however is that no one has ever been able to earn $7000 using the free account. There is no proof that RockeTrade produces accurate signals.
There is no proof of success as well. Traders can lose their money very quickly with this service. It looks like that RockeTrade is simply helping the brokers it works with to make money from your lost trades. In return, they get a commission on deposits made by traders.
Based on what we have found about this manual signal service provider we cannot approve them as safe. RockeTrade is not a legit option and traders can protect themselves and their money by opting for a safer alternative.
RockeTrade is a potential scam, but the good news for traders is that there are safer alternatives available. Rocke Trade only looks good on the surface, but live results prove that it is a system that performs poorly.
After making a thorough research, our team of investigators concluded that there are better signal providers than RockeTrade . We browsed the web and forums and found many traders that were unsatisfied with the performance of this signal provider.
We cannot confirm if this signal provider is legitimate or not, that’s why we recommend you to Proceed to Safety by choosing one of the High-Rated and Accurate Signals providers trusted by Top10BinarySignals.com