The Vena System Review
Binary trading has seen many new systems come and go over the last few years. The reason for this is the fact that there is an excellent earning potential within this market place. However, this attracts many rogue traders who are looking to make money out of you rather than provide you with a fair opportunity to generate an income.
This is why it is essential to review every system you are considering using. The Vena System was established in January 2017 and has already attracted a good following.
However, it is worth digging deeper! The Vena System is actually a revamped version of the Orion Code. This, older system, is believed to be a scam and should provide the first warning signal about the Vena System. Perhaps more concerning is the fact that they do not seem to have fundamentally changed the old system.
Using the Vena System
The Vena System will provide you with trading signals or you can leave it to run autonomously for you. Creating an account is as simple as registering a few details on their system and funding an associated brokerage account. However; the broker you are assigned is at their discretion and all their associated brokers appear to be unregistered.
The controls over the automated trading system are limited. You are able to adjust the minimum funds for each trade and whether you wish to let the automated system run or if you are just going to use the signals yourself. Unfortunately the choice of broker does suggest this is a Vena System scam.
Is it a Vena System Scam?
The biggest warning for any system is when they use an unregistered broker. This is often linked with your funds simply disappearing. Unregistered brokers have no organization supervising them, this means they can take your funds and you will be unable to retrieve them. Although the Vena System appears to be genuine their choice of brokers does suggest that this is simply a Vena System scam.
It is essential to verify the status of any broker you are assigned before you send any funds to them; this will greatly reduce the chance of you falling for a scam; such as this Vena System scam.
Vena Systems will benefit as soon as you add funds to the broker account; they will receive a commission payment. At this point they will be unlikely to have any further interest in you.