Thursday, October 23, 2014

Legal Insider Bot REVIEW

Legal Insider Bot scam or real?

Legal Insider Bot REVIEW: Does it work and what does it offer?

UPDATE 10/13/2015: Legal Insider Bot may now be closed to the public for some people, depending on your country!

I'm recommending a NEW system called 100% Profit Bot at this point. Trust me, you do NOT want to miss out on this new system

NOTE: This product is EXTREMELY time-limited.
The Hedgefund Pool ($45m) allows only 90 Applicants. It looks like about 43 have been filled. I have been told the system will be closed to the public the first week of November.


What I'm excited about with the release of Legal Insider Bot is how it is backed by an actual insurance policy against losses, along with the backing of hedge fund manager for Bluecrest Financial, Greg Marks. Nothing like this has EVER been offered before. 

Normally, I'm skeptical of free binary options signals systems. Some are scams, some are over-hyped, but a few do deliver on their promises.

Most of them are free - and that's great - but not all of them stay free for long (they usually go for $997-5000 dollars after the trial periods are over). I use every single of one them anyway, because that is part of my Super Signals trading strategy and Master List free mentor program you can read about here.

This one is different. Legal Insider Bot is unlike any other ever released, and may set the standard for others to come.

Legal Insider Bot review

This software developer has gone out of its way to guarantee that their system works. They have, for the first time, persuaded some of the industry's biggest brokers to offer their depositors an insurance policy to cover any losses in their account as a result of using "Legal Insider Bot"! 

Legal Insider Bot Scam or Real?

You are backed by a $500,000 insurance policy by the broker

It's good to have as many signals sources as possible. Many of these systems do work and are based on advanced algorithms and data computation models that provide high-success signals, which result in successful trades and huge profit margins.

The problem is, some systems can be "hit and miss" in terms of performance due to what I call "long scale deviations" that occur when a system is used in short term tests vs. long term tests. Long term tests occur when the product is released and dozens of people begin using it versus the in-house tests that were done before it was released.


That's why nothing has me more excited right now than Legal Insider Bot. What they have done is offer something no one else has EVER offered: insurance-backed performance guarantees.

They've taken things to the next level to show they are serious about offering a solid product. 


Finally, a binary options system that is iron-clad and safe

By signing up with Legal Insider Bot, your trading account will be protected by a huge insurance policy that guarantees any of your losses will be reimbursed for the first seven days of trading. You simply cannot lose with Legal Insider Bot. Greg Marks has done this because he believes his bot works.

 
But why is it free?

There are a couple of reasons. First, Greg Marks has forged exclusivity deals with some of the world's top binary options brokers. These brokers will pay him a finder's fee of sorts to bring people to their brokerages. This is standard across the industry.

It's also likely Mr. Marks will begin charging for the system in the future. Quite often, these systems are released for free to the public so they gain popularity and exposure, only to be offered later for a fee -- usually a very high price -- often between $1000-$5000 to use the system.

That's why I always encourage my readers to take advantage of these initial free offers while they can. With a free software system like this offering seven days of free trades, you just can't lose. It's a rare opportunity.


This is an unprecedented move - you can't beat 7 days of FREE trading, with all losses refunded

If their software does not work, brokers stand to lose millions because they will be paying out huge sums in insurance claims if their system fails. It is very uncharacteristic of any broker to sign on for something like this, so they must be confident it works and that it's not a scam.


UPDATE Nov. 8th, 2014:

Tons of positive feedback so far


I said I would update this in a week so here we go:

I've had 12 people write me describing how Legal Insider Bot has been working, and only one of those people had a negative experience (it turns out they live in a country that isn't supported by brokers used by Legal Insider Bot). 


Don't forget to sign up for my newsletter! I release updates every week. You can find the sign up form to your right on my sidebar.

God bless,


Roy @ ScamWatchdog.org

73 comments:

  1. Hi Roy, I signed up the other day and I lost two trades and won six. Of the two trades i lost I was reimbursed within a couple of hours. They totally stuck by their word. AMAZING SYSTEM AND DEAL !!! THank you for this great review!!!

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    Replies
    1. Wonderful news, Lee. I'm glad to hear this.

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    2. Lee that's amazing! What broker do you work with? I'd like to try them out.

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  2. Roy, should I sign up??? I did great with some of the other systems, do you think I should give this a try? Thanks hon!

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    Replies
    1. Hey Katie -- Yes, I consider it one of the best systems currently available -- if not THE best. It will close down in a few days, I feel bad for the people who will miss out. So let me know if you get it, email me and we'll talk, I want to catch up with you, it's been a while since we talked.

      Delete
    2. I just joined and will fund my broker account tomorrow..i've been redirected to option.fm
      they are the selected brokers from here where i joined LIR and live, do you know them Roy?
      I've read they are in Belize and seem totally new..
      Just to better understand... is this a total automated trading robot that will search for trades and place them for me ?

      Thanks a lot!

      Delete
    3. Many of these brokers are in foreign countries. Our government doesn't want people trading binary options. It's too lucrative of a market, so the SEC and CTFC refuses to endorse brokers in the U.S. It's outrageous. Thankfully, it's not illegal to trade binary options, you just have to use overseas brokers. Most are located in the E.U. and regulated by the E.U., which is arguably a more fair and safe regulatory body than the U.S. government. The Feds basically don't want you doing something that could destabilize the financial elites' stranglehold on U.S. markets.

      The U.S. government also puts out a lot of propaganda about binary options, too. It's incredible. Sadly, people fall for it. But I'm proof you can make huge money doing it, so I don't care what they do or say.

      Delete
    4. Thanks Roy!
      Is LIR an automated trading software that will place trades for me?
      Just like AQI (Automatic Quick Income) i mean...

      Thanks Roy!!

      Delete
    5. Yes that's exactly right -- but it depends on how you define it. Some people might call it semi-auto.

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    6. Hey Roy! So i signed up a few days ago and so far it's been great i've made $322 in winning trades!!! I also lost three trades and now they are going to give me back the losses, so thats an extra $125!!!! I can pay off my credit card this month!

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    7. Yep, Katie, that's how it's supposed to work! Glad you signed up in time!

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  3. How you have setup the risk of the trades - LOW, MEDIUM or HIGH

    Thanks, Roy

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  4. Hello Roy!
    Just to better specify, i just finished to chat with the Option.fm the selected broker for me.
    They told me that the Insurance Policy is a 7 days policy and the refund for losing trades
    will be carried out at the end of the 7th day as the Bonus (meaning the terms apply)
    hence if you will accept it you will have to reach the required trading volume first
    to be able to withdraw at any given time..hope it helps!

    ReplyDelete
    Replies
    1. Wonderful. That's exactly how it's supposed to work.

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    2. Hi Roy,

      Who actually refunds the losses? My broker or the robot? Thank you.

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    3. I let it trade for a while. Great accuracy at 73%

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    4. My broker Citrade.com however said they dont refund the losses with your trading robot. Should I switch brokers? And if I do can you tell me which brokers have this written agreement. Thank you.

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    5. I think it's BeeOptions and Banc de Binary that are doing the insurance deal. I would switch, but you will have to start over with a new email address and re-sign up and make a deposit with either of those brokers.

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    6. I'm confused do they refund all the money lost after the 7th day and how long after that do they continue to refund and does it actually work because I'm tired of losing so much money on systems that don't work and have lost £20,000 so far I can't afford to lose more I also had a pushy broker that promised so much and lost all my money

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    7. They refund any losses incurred in 7 days. For that 7 days, you can potentially make thousands or tens of thousands, people are doing it.

      I'm sorry you lost all of that with a pushy broker. I tell people everyday, "Stop listening to the pushy brokers!" All the time. I truly wish people would find my blog sooner so they would know, and sign up for my newsletter, because I issue warnings all the time.

      Delete
  5. Hello Roy!

    I have set the risk to medium and received 3 trades from yesterday so far
    2 were "Lost" trades and 1 "Won"..which is your experience about so far?
    What do you think? Thanks!!

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  6. Hey Roy, can you please tell me if there is a chance to sign up with Banc De Binary? What are their brokers? And what is the minimum amount that I can start with and the recommended amount to start this?

    Thanks!

    ReplyDelete
    Replies
    1. Sure, Banc de Binary is fine. I have an account with them. I would start with the minimum, which is usually $250.

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  7. hi roy
    this is khawar from pakistan can you help me how can i inter in this binery business to make some good income for my three school going children .im stuck about my children fee because i send them in a very good international scool .
    ray if this binery real work pl advise me .thanks

    ReplyDelete
    Replies
    1. It does work, Khawar, but time is limited. They're closing it down this week. The people who stay on the sidelines and worry and stay skeptical, they will miss out. All I can do is try to inform people of opportunities like this, and it's up to them to do something about it. I do get tired of people writing, "Roy, how do I make money online?" and here I am showing them how.

      Here's a broker giving you 7 days of risk-free trading, where every loss will be refunded back to you. What more do you want? You could easily make thousands of dollars in those 7 days. Easily.

      Delete
  8. Roy,

    Where is the money actually held (what banks) and how quickly does the money enter your personal bank account. I live in the US

    ReplyDelete
    Replies
    1. What do you mean? You make a deposit with a brokerage, just like you would with a Forex broker or stock broker. If you want the money taken out, you set up a wire transfer, or sometimes they will put it on the credit card you used to make the deposit.

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    2. thanks for clarifying

      Delete
  9. hi roy,

    pls tell me if options.fm is also having this insured policy other than beeoptions n banc d binary?cn i choose beeoptions instead?and so far whts the accuracy rate of the signal from your experieneced??tq

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    Replies
    1. I think only BeeOptions and Banc de Binary are insured. I'm not sure. Both are excellent.

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  10. Hi Roy,
    It appears there are only 3 settings to be made (autotrade, risk and amount). Is this correct?
    Also, if autotrade is selected, I do not need to be logged-in, correct?
    Thanks
    Lee

    ReplyDelete
    Replies
    1. Correct. I would never put something on "auto trade", personally, but yes it should trade when you are logged off.

      Delete
  11. Hello Roy! blessings and thank you for your blog. I find it to be helpful and believe your posting to be truthful. I just signed up with"Legal insider robot" and funded my Citrade account with $250. its my first time trading. Question: how can i start trading using this system? let me know. thank you!

    ReplyDelete
    Replies
    1. You should contact their support for that. I'm not sure why you would not know how to trade with it.

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  12. Roy,

    Just curious what happens after the 7 day period. Any losses after that point are no longer refunded? Do you then need to use another broker? Does that 7 day period "restart" at some point?

    Chris

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    Replies
    1. Your losses are refunded to you after the 7 days. Then you continue trading with the bot as you normally would. This insurance is offered because Greg Marks has very high confidence in the power of his bot. I've tested it, and it does appear to use a very advanced software algorithm to produce trade signals.

      My understanding is that this will be closed to the public soon, within a few days. They've left it open much longer than the planned due to the very positive response.

      Delete
  13. Hi Roy

    Just want to know if this will work for someone living in South Africa?
    The selected broker for me when I signed up is: The Banc De Binary, will my losses be covered by the Insurance Policy?

    Thanks Tommy

    ReplyDelete
    Replies
    1. The answer is "Yes" and "Yes". South Africa is fine, and Banc de Binary will cover your losses.

      Delete
  14. Hello Roy
    How can I get a different broker than the one that I was redirected that was Citrades.com , as they don't have the insurance policy to cover losses?how can I request that be one that cover the insurance policy? I didn't deposited yet for this reason. Tell me please.

    Thanks
    Jesus

    ReplyDelete
    Replies
    1. What country are you in? The others aren't available in every country. That said, I would register with a NEW email address using the official link and start over and see if the others show up.

      Delete
  15. hello ;
    I apologize for my poor English, because I use google translation.
    I want to know if the legal insider bot is a robot that trades for me, or it is a signal distributor.
    I registered but I have not credited yet my account.
    thank you.

    ReplyDelete
    Replies
    1. It provides signals you will trade on through your broker.

      Delete
  16. Roy, maybe this is a silly question, but, why would you not put the BOT on auto trade? I thought this was one of the major points to this BOT that you do not need to sit and monitor your computer all day because it can run in auto mode? How does it work if it is not in the auto trade mode? Sorry so many questions, but, I am new to all this. Thanks!

    ReplyDelete
    Replies
    1. It should be on auto trade. I just don't use auto trade for my Super Signals System, it won't work with it. It depends on how you approach these things. I'm more of a hands-on, manual trader, but I also have all day to do this,and some people don't, so the auto trading nature is good for them.

      Delete
  17. Roy
    Will the bot actual give signals (indicate trades) if "autotrading" is turned off? In other words can I have it in the off position an get signals which I then manually place with the broker?

    ReplyDelete
  18. Hi Roy, do I understand the small print correctly, that the insurance guarantee is for the first seven days ?

    ReplyDelete
    Replies
    1. That is exactly right, just like I say in my review. Seven days is plenty of time to rack up big profits since none of your losing trades count against you.

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  19. Hello Roy. I began trading binary options earlier today using the Legal Insider Robot after opening a new account with a brokerage and depositing $500.00 into my account. I set the Bot on AUTO making $100.00 trades each at medium risk since any losses are guaranteed to be refunded to my account. The Bot made two trades so far, both of which were losses. I stopped trading at that point. I chatted with a customer service rep at the brokerage to find out when and how I would receive a refund of my losses. He informed me that I would receive a refund only at the end of the seven day period and only up to the amount of my initial deposit if I had actually lost all or a portion of my deposited funds. In other words, If I win enough trades to win back my losses, then my losing trades will NOT be refunded! I want you and everyone who reads this blog to be informed of that so you will not be mislead in case you decide to trade options with the Legal Insider Robot. On a positive note, if what my broker rep says is correct, and a trader never made a dime using the Bot they would end up with the same amount of funds they initially deposited into their account. Thanks for posting my comment. Bob

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    Replies
    1. That sounds completely normal, Bob. That's been my exact experience. I personally would not trade $100 on an account with only $500 in it, but that is your choice. I would also choose "low" risk.

      You are correct that the refund is added to your account after 7 days, and also correct that if "a trader never made a dime using the Bot they would end up with the same amount of funds they initially deposited into their account".

      I'm not sure if there is a better deal out there!

      Roy

      Delete
  20. roy, I signed up with legal bot lets see what they can do. I have been burned on a lot these so called bots I wish I can do your super signals but not enough money

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  21. roy how long do you let the bot go all day? or do shut it off at night

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  22. Hi roy


    My name is Ali. I'm from pakistan. i would like to know will "legalinsiderbot work in pakistan..? I have signed up for it and my broker is LBinary. is the broker a good one..? i have not deposited the minimum the money yet. is it a secured broker..? will this broker and this system work in pakistan....?

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    Replies
    1. Yes, it should work fine. I know someone from Pakistan who uses it.

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  23. Hi Roy or anyone else,

    From your experiences with this bot, have you guys ever experienced consecutive losses? Just curious because this program is really interesting and I'm really seriously thinking abut signing up for this. The 7 day guarantee no loss is awesome.

    ReplyDelete
    Replies
    1. I just sign up for Legal Insider Bot. So far 4 wins 1 loss. I'm working on getting the Super Signals so I can take $10,000 trades some day on RBOptions!

      Delete
  24. Hi Roy and everyone
    I signed up and was directed to beeoptions. It wants 500 instead of the minimum 250 Ray recommended. I really would like to know if this is real before i invest that much which i really need. Anyone get the same offer? It also told me there are 2 license left and on the legal bot site there is a countdown of 3 days before ot expires. please lmk if it ia real. would like fo believe but feels risky.

    ReplyDelete
    Replies
    1. Sounds normal to me. I'm already recommending people deposit more than $250, as reflected in my Top 40 Binary Options article. And yes, time is running out on this offer.

      Delete
  25. Hello Roy
    My name is Spencer

    Would $300 be enough to start? this system signed me up for LBinary

    ReplyDelete
  26. So how many trades do you have to do in order to qualify for 7 day no loss refund?

    ReplyDelete
    Replies
    1. You don't have to do any, really, though the bot will recommend trades and you should take those recommendations.

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  27. Will profits be reported to the IRS and will I9 be sent out every quarter

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    Replies
    1. No, you just report your profits as capital gains at the end of the year.

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  28. Hi Roy,

    My name is Sri. I will be starting with Option.fm. Is $300 enough for me to start with?
    Is legal Insider free for life or it has a trial period only?

    Cheers.

    ReplyDelete
    Replies
    1. It's free for life. And $300 is enough, though I would do a bit more than that.

      Delete
  29. so excited to get a place on this in 2015....apparently dormant, unfunded accounts get passed back out to newbies. I'll report back with news of winnings x

    ReplyDelete
  30. Hi Roy,
    I have been redirected to LBinary,do they pay out as expected.Are they to be relied upon?
    I am new here

    ReplyDelete