There is no doubt that investing in the binary markets can be a lucrative use of your time. However, if you do not have the necessary experience to make a success of this instantly you may find yourself drawn to software like 97Partners. These automated trading systems are prevalent across the internet and can help you access the profits in this marketplace. But, to be successful you must choose a product which is genuine; this review looks at 97Partners and asks that very question.
97Partners – The Facts
97Partners offers its services to you for free; it generates its own income via a commission from the brokers you need to use to trade in binary options. The rate of return is set at 90% and the system can be used in fully autonomous mode with just a $200 starting deposit.
Unfortunately, there is no information regarding how 97Partners develops its trade signals and there is no evidence provided to confirm that the software actually does what it says it does. It is also concerning that the associated brokers are all unlicensed.
Simon Crane is responsible for creating this system and has spent a considerable amount of time ensuring it works perfectly before releasing it to the public. Although access to the software is free, there is a 3% charge incurred when you make a trade with 97Partners.
The standard approach of registering with 97Partners and an affiliated broker is relevant. You will also need to fund your account. However, at this point you can leave the system to trade for you but you will have no idea what 97partners is doing. Despite the lengthy promotional video there is no information regarding how the system works and which trades it is looking for. This makes it very difficult to judge the success of the software!
Summary– Is 97Partners a Scam?
The promotional film is designed to detract you from the questions you should be asking. 97partners also stresses that it does not need your credit card information. Yet, when you undertake the registration process this is exactly what it needs!
There is simply not enough information to safely trade with 97Partners. Although it may not be definitively called a scam, it is likely that this is what it is and you should look for an alternative solution.