Altronix Binary App Review

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Altronix Binary App Review

Altronix Binary App is a new trading system by Frank Saunders. According to the producers of this software traders can retire in 90 days just by using this application and tapping into secret wall street rumors.

Today I’ll review this software so you know if it’s trustworthy.

Altronix Binary App Review

This review is not about the Altronix low voltage electronics and power solutions, it’s about a binary options product. Although I have to ask, why would Frank Saunders not google his product name before putting it out? There’s clearly another brand with this exact same name and it doesn’t relate to binary options at all. Definitely a misstep.

The website consists of a 22 minute video, an email subscription form, testimonials and a frequently asked questions area. The video starts off with Frank telling us that he’s going to make an offer that wall street doesn’t want you to accept. He says that if you go with him you will eliminate many of their jobs along with their power. I find this very difficult to believe, because binary options and the Altronix Binary App doesn’t really have much of an influence on wall street at all. We aren’t buying and selling stocks in this market, we are essentially just wagering funds on if the market is going to go in a specific direction. We aren’t buying stocks, which makes the sales video quite odd.

Frank tells us that with the Altronix Binary App and the information he’s going to give us for free that we’ll have the ability to bring in millions of dollars year after year in the blink of an eye. The video continues to tell us how much money we will make and how easy it will be but never gets into any specifics details as to how. Outside of the video, we can see there are a bunch of news clippings from Bloomberg, CNNMoney and TNW but when I try and find these online they don’t exist. It looks like their media presence is being fabricated.

I won’t be recommending the Altronix Binary App to you today. This seems to be just like all the other autotrading binary options systems on the market. Promising traders the world but never fulfilling. If you have something you would like to add please leave your review below the article. As always, make sure you check the binary options software ratings before you get involved with a system. Thanks for stopping in.

Altronix App Review

Altronix App is a binary options automated trader which was released close to a year ago. Just as a disclaimer, it is not in any way related to Altronix Inc., the electronics company. In fact, the only common thing between them is the name. Altronix Inc, on the other hand is a reputable private company which manufactures quite great electronics. With that said, let’s turn our attention back to Altronix App, a binary options broker or automated binary options robot as it represents somewhat both, about which you are here to read.

Is Altronix App a scam? It might be. However, that is not enough and we will tell you why you should keep your distance. As always we don’t believe in rumors or hearsay and our arguments are always supported by proof.

Altronix App Review

Altronix is a binary auto trader developed and owned by Frank Saunders. He is said (on the site) to be a professional Wall Street trader who developed a liking to binary options and the profit making potential it promises. Apparently, Frank used his extensive trading knowledge from his Wall Street days to create the app, which he says will make you quit your job in 90 days. And not because of stress and exhaustion, although from what we know about this software, that could be a possibility. What he means is that the app will make you so much money that you won’t see the need of sitting behind a painfully uncomfortable desk with a heap of papers waiting for you, anymore.

Surprisingly, Frank Saunders and co. don’t mention how much to expect in daily profits as all other similar sites do. Even so, we don’t believe that this is a sign that they are legit; rather it is something they had to do out of necessity. See, Frank Saunders might be a con, but he isn’t stupid by any means. It is also not the first time that he is doing this, so he, of all people knows what critics look at when reviewing auto traders. He knows that the ‘Sign up and become a millionaire’ bullshit doesn’t work anymore. As such, he pretty much rephrased it to ‘Sign Up and you could be leaving your job in three months’. The two taglines basically mean the same and are very common in scam sites but, being an experienced can, Frank knows to play around with words to achieve the same effect. Unfortunately for him and his ilk, we are always one step ahead of them and can see through any crap sent our way.

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    How Altronix App works

    Frank Saunders talks about designing his software to work like the brain of a professional Wall Street trader, including the efficiency and accuracy. It monitors millions of social media posts, corporate reports such as profit or loss announcements and scans through market news. It then analyzes the data and trades according to the overall market sentiments. To their credit, Frank and his team are right on this (if it is true). Market trends are generally determined by the actions of traders, a concept that has been used in Wall Street for decades. Basically, if more traders are buying a certain stock or commodity, the price of that commodity tends to increase. The opposite is also true. Also, since all traders are human being and are vulnerable to emotional responses, predicting these reactions helps to determine market prices. For instance, if a certain company is expected to announce huge 2nd quarter profits, traders, looking for quick profits, will rush to buy the company’s stock as soon as possible hoping to sell at higher prices. As a result, the stock’s price rises up even before the quarter results are announced.

    altronix app main page

    To cut the long story short, Altronix App does not really rely on technical indicators such as RSI to generate its signals; it relies on the human factor, so to speak. In most cases, Auto Traders which operate this way rarely go wrong. However, these are very few – the legit ones that is. Otherwise, Frank Saunders is very economical with the truth regarding how Altronix works. As such, we have some doubts about his whole presentation, in particular the part where he explains how the app functions. We noted that he provided very little details apart from the general statement. Thus, the whole thing sounds more like a sales presentation than an introduction to a trading app said to be among the most profitable. Again, we are not told what type of algorithm(s) the system is programmed with. These are usually meant for collection and analysis of data and are very crucial in the whole process. The same applies to the technical indicators which, in this case should complement the human data analysis and assist in the generation of even better signals. If you are a trader who, from past experience, prefers to know the finer details of an auto trader before signing up, the Altronix sales video will be a disappointment.

    Cost

    The charges you will pay for using Altronix App are relative. They depend on whether you plan to open an account with one of their affiliated brokers or link to the site using your existing broker account. Basically, opening both an Altronix App account and broker account at the site gives you free access. Not really free as when you make a deposit Altronix will receive a certain percentage as commission, but it isn’t like you are going to get directly charged.

    On the other hand, if you already have a trading account with a different broker, you won’t have to open a new one if you don’t want to. The site allows you to link up directly from your broker account but you will have to pay some regular service charges. Makes sense as the site won’t receive commissions from your broker. It is also a commendable move and Altronix is one of the very few sites which allow traders to sign up with their old trading accounts. This makes it easy to split if the app doesn’t work for you as opposed to the other alternative where you have to get a new account when you split.

    Getting started

    If you really like the Altronix App and would want to give it a try, even against our advice, below is how to go about getting started.

    1. Open an account – This can be done by visiting AltronixApp.com and clicking on the Sign Up tab. When doing this, you have to first decide what you want. If you would like to register an account with one of the recommended brokers, the site provides that option and all you have to do is follow the prompts as they are. After doing this, fund your account and click on the Auto Trade button and you’re ready to go. The second and most convenient option is to link Altronix to your existing trading account. Note that you will be required to pay a service fee depending on the number and size of trades executed.
    2. Start trading – After complying with all the registration requirements including funding your account, you can now start trading. We didn’t find anything to talk about as far as flexibility of trading settings go. You can however set the maximum number of trades the system can place per day and how much you want to be invested in every trade. After that, it’s all systems go, literally.

    Still on the above point, it is somewhat disturbing that Altronix do not let traders choose their indicators or system of trading. Traders are different and there are those, for instance, who prefer less risky trading with consistent small profits while others are into the fast, highly risky trades with quicker and higher profits. It is a bad business move to put them all in one basket and place uniform trades.

    Proof that Altronix App is a scam

    All over the site, there are bits of evidence here and there which prove that Altronix is the next big scam. However, these are difficult to note for an ordinary person and only experienced traders will note the contradictions. Nonetheless, there are a few obvious statements that prove that the site is not legit. Since these are very easy to confirm, we will pay a little more attention to them. Here they are:

    • Use of fake actors – In the members’ area, there is a page titled “Widgets” where ‘trader’ give their testimonials saying how much Altronix doubled their earnings in days and so on. Just looking closely, you will note that all of them are positive, glowing reviews. Being a human being, you know very well that public opinion is always divided, no matter the situation. It is therefore odd that all the traders in this section speak in one voice and heap praises on Altronix. Moving on but still on the Widgets page, we noticed a few paid actors including one man called Bernard Watts. An image search of his photo took us to cd4models.com where the same man is listed as Vladimir Yegorov.
    • Altronix the new Citidel Ltd? – For your information, Citidel is an auto trading software that came out some time back and which we all unanimously agreed was a scam. Ironically, most of the people whose testimonials appear on the Altronix website also had the same things to say on Citidel. The photos are the same and so are the exact words. The only thing that changed are the names. From this observation, we have reason to believe that the same people who were behind Citidel are behind Altronix too.
    • Frank of all (illegal) trades! – As we mentioned before, this is not the first time we are meeting the man who claims to be Frank Saunders. We last saw him, minus some tweaks to his appearance, in illegal sites like Copy Buffet and Trade Fusion. Of course he had different names then, and until he proves beyond reasonable doubt that he has an identical twin, we will regard him as a conman who assumes different identities to con people.

    altronix limited spots

    Conclusion

    Altronix App is nothing but an elaborate scheme to deceive you to register with unregulated brokers and deposit as much as you can in the hope of getting the advertised huge profits. We, as well as other traders who fell for the elaborate lies, can confirm that Altronix App doesn’t work at all. First of all, the site partners with the shady brokers to rip you off. The first few trades after registration are quite great, but soon after you make your second deposit – usually higher than the first – things start to go south. All of a sudden, you start making huge losses which eventually deplete your account. At the end of the day you cry all the way to the bank while Altronix and their broker partners toast an expensive drink and congratulate them for a job well done.

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    Altronix Trading App Scam Review! Using Social Media to Trade?

    Altronix App is a SCAM Review!

    Please read our review on Altronix App before investing into this binary options auto trading system!

    Altronix App is a new binary options auto trading system that is presented by Frank Sounders, the alleged founder for Altronix App. This system is inspired by the famous phrase on Wall Street “buy on the rumor, sell on the news”. This auto trading system is designed to keep track of news released, twitter news and other social media which acts as an indicator for trade executions. The trade execution is claimed to be able to be done within milliseconds upon news/social media release. The Altronix App is said to be able to perform all that task automatically where users is not needed to sit in front of the computer or do any monitoring.So far, there is indeed studies and theories that Twitter is used to measure the potential market, however it is not proven to be a consistent indicator as a sole source of trading signals. Additionally, prices may just stabilized within minutes should there be a certain spike that occurred due to the noises from social media. While having a theory that may be effective in trading in certain situations, we found that some of Frank’s claims to be suspicious! Please read our review for more details!

    Altronix App Suspicious Claims

    This system has recently goes live and we have already seen quite a few negative reviews surfacing around the net. On top of that, we hear that there are some unfortunate traders that already lost money to this scam system. To be entirely honest, there is not much we can work with in this review other than Frank’s word of mouth. His words are the only source of information that we can look into and just by watching the video once, we are able to identify some unrealistic and misleading claims mentioned in the video.

    We shall list the unrealistic and misleading claims in the list below just so that it is organized for your viewing pleasure:

    • Based on Frank’s explanation, Altroniz App is so advanced that it is able to scan through billions of bytes of data that appears in the web. On top of that, it is able to scan through OFFLINE content too. Whereby, the system will store and process all the information and execute trades within a split second. The most suspicious factor in this claim is that the system is able to process offline data as well. How can we believe that such a system is able to extract data if it is offline? It is clearly a bold statement to be made and it is clearly impossible.
    • Altronix will enter and exit trades in milliseconds while trading in the market. Any experienced binary options trader can share that there is this delay that exist within binary options brokers’ trading platform. No matter whether it is Spot Options, Tech Financials or any other platform, there will be delays and lag occurring from time to time. Hence, this prevents auto trading system to execute trades in milliseconds consistently. On the topic of exiting trades, well, this is rather a stupid claim to make in binary options, because unlike forex, binary options has a fixed expiry time. So trading systems OR traders have no choice but to abide by the expiry.
    • The claim that anyone can use this program is logically true, but not advisable! Trading in binary options is more suited for 18 years old and above! We also advise beginner traders to equip themselves with some basic trading knowledge before using trading system or trade independently.
    • While we do not have solid evidence of Altronix App prior to it’s website registration which is dated on February 9 2020, the presentation video shared trading demonstration dated in September 2020. Which leads to a highly suspicious demonstration! The demonstration is therefore a fake and fabricated demonstration which we can’t trust.
    • The “Best Software of 2020 award” is highly suspicious as well since it is only the beginning of the year! There is no endorsement for that award which we can verify as well. Apart from that, the CNN Money, BBC and CNBC endorsement which is placed at the bottom of the webpage is also fake. We are unable to find any related article of news with regards to Altronix in all three databases.

    Fake Award which can’t be verified and Fake Endorsements from Famous Publishers!

    Altronix App’s Fabricated Founder and Meaningless Spot Counters

    Who is Frank Sounders? That is a question which we have tried to find out but to no avail. We are unable to source for his details apart from negative reviews which surrounds Altronix App. He clearly does not have Facebook account, Linkedin or any other social media account which could prove his existence. We believe that he is a fabricated character paid to represent this scam system since articles online available in the net online consist mostly negative reviews about this system.

    The fake founder also mentioned that only 50 spots available left to get Altronix App. This is simple a high pressure sales tactic to create a sense of urgency in hopes to encourage sign-ups to this scam system! We hope that our viewers realize that there is no need to rush to sign up for such systems! It will still be available online in couple months the road even after 50 people have been scammed. The only reason that Altronix website is offline is due to the overwhelming negative reviews! There is no turning back after investing in scam system, hence, better to be safe and do your research prior to signing up!

    Altronix App’s Conclusion

    We conclude that Altronix App is a scam binary options auto trading system due to the fabricated owner, meaningless high pressure sales tactic, unrealistic and suspicious claims about this system! There are probably more scam-like aspects which are not in this review, but we are sure that should our viewers do their own research, they will be able to highlight more suspicious aspects and false credentials.

    Verdict: Altronix App is a SCAM!

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