The 247 CashBot software scam for binary options is not worth your time and certainly not worth your hard-earned money! Targeted towards newbie trader demographics, this algorithmic-based trading software lacks accuracy and consistency. All of the “positive” reviews regarding this trading system are fake and just as phony as the scammers behind this system. To learn how you can save a minimum of $250 by avoiding this scam, make sure you read our indisputable scam review to learn the risks associated with


The 247CashBot is a trading system that is synced with one of their “assigned” brokers. What that means would be that although the scammers behind this system claim that their system is “free” that is not the truth. The truth of the matter would be that you will be required to make a deposit of at least $250 with one of their so-called recommended brokers. As you can insinuate though, none of their assigned brokers are regulated, which means that you can not trust them. Make sure when you invest online that you only invest through investment brokers that are regulated! To learn more about reliable and regulated brokers, make sure to visit Watchdog’s Trusted Brokers.


The biggest discrepancy that we came across when investigating would be how the company that owns 247CashBot is not in good standing, meaning that the company status reflects a Dissolved Status. The company does not exist anymore. What does all this mean, you may be wondering? Well, simply it means that the “owner” behind 247CashBot company, known as Binary Options LTD, does not actually exist anymore! Now, let us ask you one question, why would you want to sign up with a system that lies about how they are actually owned and operated?


Another inconsistency that we came across would be how the trading signals generated by the 247CashBot software should not be considered seriously. What we mean by that would be that the website and the disclaimer found at are contradicting one another while raising an alarming question. All over the site you will see all of the “advantages” and empty promises about how you should get started with 247CashBot. Don’t believe them and don’t let them brainwash you!


Now, the big question that came up when investigating 247CashBot would be if they are licensed to provide signals or not. As we already know, the company that supposedly owns the 247CashBot system is dissolved and does not exist anymore. Due to the disclaimer founded blatantly at the bottom right of their website saying, “None of the information on thees pages should be considered as financial advice,” we believe it is safe to say that the operators and owners of are not licensed to provide you signals. This means that they are breaking the law depending on where they reside, so let us ask you again, why put your faith with a bogus trading software?


After in-dept review we can truly say – is a scam and should be avoided at all cost!


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