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Quantum Binary Signals – Full Review
THIS SERVICE IS NO LOGER OPERATIONAL. See better signal service here. Quantum Binary Signals is a binary options signals service which works by sending professional signals, 3 to 5 a day, to the trader’s mobile phone for manual implementation on a binary options platform.
The company is owned by a retired hedge fund trader with trading experience which spans more than 20 years. Their clients also include hedge funds, investment institutions and independent traders, who trade binary options online. Read our in-depth review to find out if these signals are right for you and if they are worth their subscription fee.
Summary of Quantum Binary Signals
Signals issued by the Quantum Binary Signals service can be used to trade stock indices, commodities, stocks and currencies. According to the information provided no experience is needed to use their signals and to implement them takes on average about 2 minutes a day. We would argue that it takes a bit longer with logging in and out of the broker platform and actually placing the trades based on the received signals, so let’s round this up to 15 minutes a day.
Their website is very well designed and contains all information that is needed to subscribe to their system. Most of the presented information targets beginner traders. The advertised monthly success rate is between 75%-85%. We’ve checked this out and in our monthly test we got a score of 81.33%. (see details below)
Mechanism of operation
Traders are expected to sign up for the service with their full details which MUST include their phones numbers. The service is an international service, so traders must add the country code of the phone number being used so as to receive the signals. The trading signals are then delivered to subscribers via SMS and email. Usually about three quality trading signals are sent to subscribers on a daily basis.
Once signals have been received by SMS they must be implemented as soon as possible when the price of the chosen asset meets the signals criteria. As with any binary options signal service any major delays in entering the trades will lower the accuracy of the signals. The trade alerts are also sent by email as a secondary means of communication.
Quantum signals’ format – 2-5 signals a day
The trades are based on the Up/Down or Call/Put binary options contract, where the trader selects UP where the signal is sent based on an outcome in which the asset closes the trade at a price higher than when the trade was initiated, and LOW if the signal predicts that the asset will end the trade lower than when the trade commenced.
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A typical signal is shown below
The trade clearly shows the direction of the trade (CALL), the asset to be traded (NASDAQ), the strike price/market price on trade entry (2713), and the expiry time (23:00GMT). This makes the signals very clear and unambiguous. There is no preference for broker, and any broker offering the Call/Put contract can be used to trade this contract.
Profitability of the signals
A profitability ratio of between 75% and 85% per month is claimed by the Quantum Binary Signals team. While there are not many independent verification of these figures, traders can use the 7-day trial period to see if the claims are in tandem with their own results. There is also the opportunity to use the history of previous trades provided on their website to check the claims out.
The emphasis of the team at Quantum Binary Signals seems to be on the quality of signals and not on quantity, which is what informs the fact that only about 25 to 30 signals are sent in an entire month of trading. This definitely goes against the common marketing campaigns of companies which promise traders some magic system that can turn $500 into a million with few weeks of trading. However, Quantum Binary Signals is a lot more practical and careful in their recommendations. Their trading opportunities and signals delivered are based on thorough technical analysis. The strategy of the Quantum Signals’ team seems to be working well and their results were confirmed by at least a few independent traders.
We tested the signals for a month and got the following results *
- Signals received: 59 signals
- Signals Won: 48
- Signals Lost: 7
- Neutral: 4
- Performance rate: 81.35%
* Please note that past results do not guarantee or indicate future results
What to consider before using Quantum signals?
Signals are not delivered at any specific time of the day. This means that traders have to continually be on the lookout for possible signals. Traders who do not have smartphones capable of housing mobile trading terminals for speedy implementation of signals that have been received may end up missing out on several profitable trades. Having said that, it’s very unlikely that someone who is trading binary options online won’t have access to a smartphone. What is important, however, is the speed of connectivity and trade execution on your trading app.
Another thing that some customers may find limiting is that Quantum signals must be implemented manually. If you receive a signal when there is no Internet connection or the connectivity is poor you won’t be able to act on the signal. This can be a major drawback and puts Quantum signals at a disadvantage to other competing signals services which use robots to trade the signals which have been generated. However, to meet this demand the team at Quantum Binary Signals have introduced an additional service called Quantum Auto Trader that will do just that, use a robot to automatically trade their signals for you.
Trading binary options with Quantum Auto Trader
As mentioned in previous paragraph Auto Trader is where the entire system becomes a hands-off experience. Before we get into the specifics of their offer let’s look at some of its features:
- Trades are automatically copied into your broker account
- Your money is put into a 24/7 operational mode leaving you to do other things
- All it’s needed from you is to connect your broker account to the Quantum Auto Trader and select your preferred trade size (single trade amount)
- If you want to watch the trades being executed you can log in at any time to your Auto Trader management account
The automated trading is not free of charge or at least you’re not being charged directly by Quantum Signals. The requirement is to register with their affiliated broker, BeeOptions, and to make a deposit. Here is a breakdown of the deposit requirements to use the auto trading feature connected to Quantum Binary Signals.
As you can see the more money you deposit with the affiliated broker the longer you’ll be able to use the Quantum Auto Trader on your account. Of course the automatic trading feature can be switched on and off from your management account.
It is claimed by the Quantum Funds Management that $500 invested in 2020 grew into $702,838 in twelve months of using Quantum Auto Trader.
It’s important to emphasize that you do not need to signup to Quantum Auto Trader if you don’t want to. You can use Quantum signals with any broker you like. Auto Trader is an optional service that allows fully automated trading.
Pros of using Quantum Binary Signals
Here are some of the features of this service:
- Instant SMS push notifications. This works very well, especially for smartphones which get audible alerts for SMS and emails that come into their phones.
- Signals are delivered in a simple-to-follow format. They are easy to interpret and implement on any trading platform.
- Better-than-average profitability performance. Quantum signals are quality signals with a winning rate between 75%-85%. Our test showed above 81%.
- There is a 7-day trial period. This comes at a low cost of $9.99 and enables traders to test the service and see how it works for the initial seven days.
- Signals can be used on any binary trading platform. Expiry times of the alerts are compatible with the expiry times on most binary options trading platforms.
- Option for fully automated trading. There is an additional optional feature that allows to fully integrate the signals into a live trading account.
Quantum Binary Signals is one of the services which really stands out from its peers for its honesty and performance over the years. By only giving out quality signals rather than bombarding clients with many inaccurate signals, the team at Quantum have shown that they value the success of their subscribers.
A few words about their customer support
Although there is no official phone number to call, they are quick to respond, usually within 12 hours, and are very helpful. If you need any assistance or further explanation of their system and how to trade on their signals they are more than willing to help you out. Having said that, their signals are quite straight forward so usually no further support is required.
Cost of signing up to Quantum Binary Signals
As with most professional signal service, the use of trading signals from Quantum Binary Signals comes at a cost. First, there is an opportunity to test the signals service over a 7-day trial period for only $9.99. Payments can be made by credit cards, Skrill (formerly Moneybookers) and PayPal. An automatic charge of $99.99 a month is applied to the card once the 7-day period has elapsed. The service is sold via Clickbank, a third party vendor and payment processor. Clickbank allows traders to cancel this automatic billing within the trial period.
Are the signals worth the subscription fee?
We believe they are, although there are other signal providers that may be more suitable depending on your preferences and availability, these signals produce consistently good results.
The best part is that you can receive them to your mobile and place trades on any broker account, most of which also offer mobile trading, so this might be a good marriage. Quantum Binary Signals seems like a viable solution for people who are constantly on the move as it only takes few minutes to enter the trades. If you don’t have the time to sit by your computer, nor the skills and patience to analyse trading charts or to watch and copy live traders, using the Quantum signals might be the perfect solution for you. The fee of $99 per month is on the lower end for professional binary options signals.
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Beware of Fox Signals on binary options
In this review we are going to have a look at “Fox Signals”. It is a binary options signals service.
On the FoxSignals web page you can read that it is a revolutionary signals service that provides quality signals for people who are looking for profits on binary options. But what is the truth?
The biggest problem of Fox Signals is that it should be a binary options signals service, yet they present some trading results from Forex.
They show an account at MyFXbook, but it is a Forex account, so nothing to do with binary options. The account is linked to a broker called GOMarkets, which is a Forex broker, so again, no binary options.
So Fox Signals are misleading people, they talk about binary options but show Forex results. This makes their offer very suspicious in our opinion.
Now let’s assume that they use their Forex signals on binary options. In this case it does not change much, because they have a 60 % win rate, which is far away from the win ratio that Fox Signals promise – around 85 %.
60 % is good enough to be in profit on binary options, but it is just above break even, so not really a very good strategy. We know that you can build yourself a better strategy for free.
If we take the results of FoxSignals from MyFXbook and apply them to binary options, it would look like this: their average win is about $40, so the average investment would be $50. 118 trades in total, 71 wins, 47 losses.
It means $2840 in profits (71 x 40) and $2350 (47 * 50) in losses. So a total of $490 in net profits in 35 days. It is not too bad. But 10 losses can erase this profit totally.
We don’t understand why Fox Signals use a Forex account to show binary options signals. They have a 60 % win ratio, which is far away from the promised 85 %. At present it still means profits, but the system is very young, only one month old with 118 trades.
So we are not sure if it is completely worth the price. Our recommendation would be to wait at least another month to see how the performance of the system evolves.
Binary Options Signals
If you are looking for hands-free binary options trading, this is the place where you will find information about signal providers, robots and autotraders. Semi-automatic, fully automatic binary signals and robots, profitable or shady, they are all here somewhere. Read reviews, compare and choose what’s best for you!
|Service name||Membership cost||Monthly signals||Assets types||E-mail alerts||Sms alerts|
|UpDownSignals||97$||30-40||forex & commodities||Yes||Yes|
|BinaryOptionsTradingSignals||97$/2Weeks||50-80||Currencies & Commodities||Yes||Yes|
|QuantumBinarySignals||149$/Month||40-60||Forex, Stocks, Commodities, Indices||Yes||Yes|
|ProBinarySignals||99$ /Month||50-80||Oil, Gold, Currencies, Indices||Yes||Yes|
|BinaryOptionsGo||97$ /2 Wee||50-80||Forex, Stocks, Commodities, Indices||Yes||No|
|Binary Options Pro Signals||97$ /Month||50-80||Forex, Indices||Yes||No|
|Binary Options Signals Europe||97$ /Month||50-80||Forex, Indices||Yes||No|
|Signal Coyote||150$/ Mont||100||Currencies, stocks, indices, commodities||Yes||Yes|
|Binary Options Live Signals||$299/ 1 Se||48-60/ 1 Session||Currencies||No||No|
|Cherry Coke||$500/ mont||80||Stocks and Currency pairs||Yes||No|
|Signals Binary||Free**||200||Currencies and Stocks||Yes||No|
|Signal Feeds||35$ /Week||100-120||Currencies, Stocks, Indices, Commodities||Yes||Yes|
|Million Dollar Insider||Free*||unknown||unknown||Yes||No|
|Binary Options Experts||199$ /Mont||50+||Forex||Yes||No|
|Winner Binary Signals||49$ /Month||N/A||Stocks, Forex||Yes||Yes|
|Signal Push||100$ /500||N/A||Stocks, Forex, Commodities||Yes||Yes|
|Profit in 60 seconds||997$ /Life||N/A||Forex||Yes||No|
|Binary Trading Robot||47$ /Life||N/A||Forex||Yes||No|
|Trade per Day||Free||25-30||Stocks, Forex||Yes||No|
|The Binary Signals||97$ /Month||N/A||Stocks, Forex||Yes||Yes|
|Profit Binary Signals||199$ /Mont||40-200||Stocks, Forex||Yes||Yes|
|Binary Options BluePrint||77$ /Life||N/A||Forex, Stocks||Yes||Yes|
|BO Signals||50$ /Month||N/A||Stocks, Forex||Yes||Yes|
|Binary Options Bullet||68$ /Life||N/A||Forex||Yes||No|
|Binary Option Autotrader||100$-1000$||80-150||Forex||Yes||No|
|VIP Binary Options Signals||299$ /Mont||N/A||Forex||Yes||Yes|
|The Real Binary Bot||Free*||N/A||Forex, Stocks, Indices||Yes||No|
|Binary Matrix Pro||0.01$ /Sig||45-100 /Day||Forex||Yes||Yes|
|Binary Options Trading Signals (Franco)||184$||30-40||forex||No||No|
|ZERO RISK Strategy||10$/month||100||Forex||No||No|
|Green Room Academy||n/a||>60||Forex, Futures||No||No|
|Auto Binary Signals||100$/month||n/a||Forex, Commodities||No||No|
|Binary Options Signals Experts||n/a||n/a||Forex, Futures||Yes||Yes|
|Binary Option Beast||397$||>50||Forex, Futures||Yes||Yes|
|BINARY OPTIONS ROBOT||Free||300+||Forex, Futures, Commodities||Yes||Yes|
|TrendXpert||N/A||50-200||Forex, Futures, Commodities||Yes||Yes|
|Binary Option Robot (2nd one)||N/A||200+||Forex, Futures, Commodities||Yes||Yes|
|Signals365||Free||150+||Forex, Futures, Commodities||Yes||Yes|
|John Anthony Signals||Free||100+||Forex, Futures, Commodities||Yes||No|
|Disrupt Trading App||Free*||100+||All||No||No|
|Binary Signals App||Free||150-300||Forex||Yes||No|
|1K Daily Profit||Free||N/A||Forex, Commodities||Yes||No|
|Dubai Lifestyle App||Free||N/A||Forex||No||No|
|Tesler App||Free||>200||Forex, Commodities||Yes||Yes|
|Infinity App||Free||N/A||Forex, Futures, Commodities||Yes||Yes|
|TAI Robotic||Free||250||Forex, Futures, Commodities||Yes||Yes|
|Freedom Circle Robot||Free||150-300||Forex, Futures, Commodities||Yes||Yes|
|HBSwiss App||Free||200||Forex, Futures, Commodities||Yes||Yes|
|Bitcoin Robot 2.0||n/a||n/a||n/a||No||No|
|30KChallenge||Free||150-300||Forex, Futures, Commodities||Yes||Yes|
|Binary Robot 365||Free||150-300||Forex, Futures, Commodities||Yes||No|
|Bitcoin Code||Free||>200||Forex, Futures, Commodities||Yes||No|
|Crypto Robot 365||Free||150-300||Forex, Futures, Commodities||Yes||No|
|Fintech LTD||Free||>200||Forex, Futures, Commodities||Yes||No|
|BitcoinMillionaire||Free||N/A||Forex, Futures, Commodities||Yes||No|
|Bitcoin Trader||Free||>200||Forex, Futures, Commodities||Yes||No|
|Maximus Edge Autobot||Free||>200||Forex, Futures, Commodities||Yes||No|
|The Crypto Genius||Free||>200||Forex, Futures, Commodities||Yes||No|
|The Bitcoin Method||Free||250||CFD, Bitcoin||No||No|
|Ethereum Code||Free||>200||Forex, Futures, Commodities||Yes||No|
|Blazing Trader||Free||>200||Forex, Futures, Commodities||Yes||No|
|Profit Wizard Pro||n/a||n/a||n/a||No||No|
|Bitcoin Focus Group||Free||200||CFD, Bitcoin||Yes||No|
|50K a Week||Free||>150||CFD, Options||No||No|
|Crypto Dukes||Free||>200||Cryptocurrencies, Bitcoin||No||No|
|BinBot Pro||Free*||>200||Forex, CFD||No||No|
|Cryptocurrency Institute||Free*||>250||Cryptocurrencies, Bitcoin||No||No|
|iMarketsLive||Free*||>200||Forex, CFD, Cryptos||No||No|
|The Inside Trader||Free*||>100||CFD, Forex, Bitcoin||Yes||No|
|Bitcoins Wealth Club||Free*||n/a||n/a||No||No|
Binary Options Signals List 2020
In Binary Options, CFD and Crypto trading, trading signals refer to suggestions made by experts or automated robots specializing in Binary Options trading. Therefore, trading signals are trade recommendations made by analysts after their assessment of the market and the identification of certain opportunities. Trading signals are more likely to expire in the money as traders who suggest them have years of experience in the trading field. Therefore, with trading signals, you can achieve an increase in the overall return on investment. While using trading signals you must take into consideration certain factors in order to make the signal work.
One of these factors is time. A Binary Option trade needs to be placed at the right time; immediately after receiving the signal from your signal provider. After all, a good signal has no value if it is executed later because market conditions can change very rapidly and that might invalidate a signal. This is quite important as a Binary Option and CFD usually expires within a very short period. Therefore, traders have to be very fast in buying the right options.
Example of a Binary Options Signal
Asset: EUR/USD = 1.150
The trade: Call Option
Expiry time: End of the day
When: on a daily close above 1.150
Are Binary Options Trading Signals a Scam?
Overall, good signals could, in fact, provide great opportunities for new and advanced traders. The problem is; it can be an opportunity, but it is also a risk. There are indeed good signal providers, but many crooks are offering fake trading signals. I truly hope we’ll see more legitimate signal providers in the near future. If I was a newbie, I wouldn’t pay more than 60 to 80 dollars a month for such signals. Also, I wouldn’t rely solely on these signals. I would first practice strategies, learn my game, use good judgment and turn to forums and professional sources for advice.
Trading Signals Providers
Signals and signal service providers fall into two categories; those that suck and those that don’t suck. And just because the type of SSP you choose may fall into the general category of not sucking doesn’t mean that it doesn’t suck. You have to be careful with signals and understand them for what they are. Some are tips, actionable advice that you can follow through if you so desire. These tips are a great way to find possible trading opportunities that you might otherwise miss. Other types of SSPs are automated services aimed at taking the risk out of trading. They claim that by automatically following their trades you can make profits. These types of signals are not so great. You should never blindly follow any tip, signal or service. If you need someone to trade for you then you don’t need to be trading binary or any kind of option.
There are several Binary options trading signals available in the market. Most perform this service online, therefore, you can access them from the comfort of your home. Some will provide you with trading signals in exchange for a monthly subscription fee for this service. After choosing the most suitable Broker for you, only then you can start looking for your right signals provider.
Monthly subscription fees often range around 30 to 200 dollars (in accordance with the number and the quality of signals given by the suppliers). This is indeed a small price to pay to increase your returns on your investments. However, the trading signals are not completely foolproof; they don’t always guarantee returns. According to an analysis by various experts, it came out that the trading signals could increase your level of returns by up to 60%.
To be on the safe side, check on their past trading signals achievements to determine how accurate the providers are at predicting market trends. Professional Trading signal providers strive to hand out only accurate signals in order to maintain their customer loyalty. Some Binary Options signal providers have become more prominent and reliable than others, yet one must be aware of Binary Options signals scams. ThatSucks.com will continue to monitor and recommend only the trusted signal providers available.
Many trading signal services are offered on the market. Few of them are given free of charge and the remaining percentage is delivered to traders who have subscribed to their service. Subscribing to their service is the best way to guarantee that you will receive the best trading signals they have to offer. But as I stated numerous times already, some SSPs are bad for your wallet, either because they are straight up scams or because they are not as experienced as they would want you to believe. That’s why next we will give you 5 tips to help you avoid the “bad apples” of the signal service industry.
4 Things You Need to Know in Order to Avoid Signal Service Providers Scams
1. Always Know What You Are Getting
There are a lot of different types of signal service providers. Things like newsletters, blogs and forums are great. These are a basic form of SSP, usually free and offer a wealth of knowledge and experience for traders to take advantage of. I read several different newsletters each week as part of my routine. A step up from newsletters is the dedicated signal providers. These guys, some free some not but all with a cost, in the end, provide signals you are intended to follow. Some make it easy with auto-trading, others force you to keep up with them on your own. Still, others install software on your computer that tracks the markets and can even make trading decisions for you. Because there are so many types of signal providers out there, you have to know exactly what yours does: if you sign up for a newsletter, don’t expect it to put trades for you (duh!). If you sign to a manual signal service, make sure you are in front of your computer, ready to put on trades when you receive a signal. If it’s an automatic signal service, make sure you monitor it constantly.
2. Paid Versus Free Services
When a service asks you for money, a credit card number or even just your basic personal information you need to take a step back and decide if it is really worth it. Free Signal services are one thing. You can take it or leave it as you want with no worries (… almost no worries, but more on that later). When you pay for a service there is a higher expectation of profits. If you choose to use a paid service be sure to pick a trusted source. There are a lot of chances to get scammed on the internet, especially with binary options. Getting scammed sucks. You need to know what the motives are that drive the website. And you need to be aware of another thing too: some paid signal services offer you a free trial. Being free, it costs 0.00$ but in order to sign up, you still need to give them your e-wallet account or credit card details. Don’t worry, they won’t charge you anything… but once the trial period is over you will be charged the full fee of the service if you don’t cancel your subscription and remove your CC from their website. This information is usually given to you in very small letters, somewhere at the bottom of the page (they are required by law to provide it but of course they don’t want it to be easily seen). So the advice is: if you subscribe to a free trial for signal service, make sure you cancel the subscription once the trial period is over.
3. Robots are Scary
Auto trading is an attractive feature of some Signal Providers and robots Auto trading is an attractive feature of some Signal Providers and robots are an extension of this. The scary thing is that you have to download software onto your computer. The software will take control of your trading account and enter trades based on signals provided by the parent company. This is completely nuts to me. It’s like downloading a virus onto your computer on purpose! Robots and auto-traders only increase your risk in my opinion. You have all the risk of trading plus you are letting someone else make your trading decisions. The scariest part is that a computer program is in charge and you know what happens when a computer program goes out of control… “Dave, this is HAL…”.
There’s another major issue that we need to talk about: auto-trading robots/apps have been around for quite a while now, they are nothing new, but out that massive horde, is there at least one that performs decently? And by “decently” I mean: does it make at least a small amount of profit every month? Forget about what they promise (thousands and thousands of dollars every day/month), and just point me to a single one that makes a profit every month. I bet you can’t… because there isn’t one. At least not one that I know of.
4. Don’t be Lazy or Stupid
Learn to trade for yourself. Binary options are a speculative instrument, if you want to get involved you need to do it yourself. Take the time to learn about trading, the markets, and the economy and you will also learn something about yourself. Look, if you want signal providers, we’ve given you lots to choose from in our List of Binary Options Signals, but just because we’ve given you a list, it doesn’t mean we say it’s a good thing to trust signal providers completely. Ultimately you are your best signal provider but to become that, you need to learn first. Don’t be lazy and start reading our Binary Options Trading School.
Wrapping It Up
Overall, Binary Options Signal service providers are not all bad. Some are truly in the business of helping traders. Nevertheless, ThatSucks.com do not put much faith in this kind of trading. It is imperative that you learn to trade for yourself. You have to take responsibility for your own trading or you will never reach the profits that are available.
If you haven’t chosen your Binary Options broker yet, it’s time for you to go back and pick the right broker for you. No use in a signal without a broker, right? If you already did, it means you have already seen a flashy “Make Easy Money” sign somewhere around the web. Look it up right here.
Learn about Various Signal Provider
Do you even know what a binary options signal provider is? If the answer is NO, go back to school and learn more about it. If YES is your answer, get ready for the fun. There’re so many Signal Service Providers out there, read our reviews carefully and check twice on our forum.
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