Binary Ascend is a piece of trading software that according to the creators will identify profitable binary options calls for users.
What is the product?
Coming in the form of a piece of Windows and Mac compatible downloadable software Binary Ascend follows a specific plan in order to identify profitable trades on the EURUSD currency pair. The team behind Binary Ascend say that it uses 10 different indicators combined with trend analysis in order to identify the best possible trades. These appear as a popup on your desktop or alternatively can be emailed to you for mobile access and will tell you whether to call or put and what time scale you should be using. Binary Ascend is claimed to be able to identify in excess of 14 of these trades per day over a 24 hour course (the software operates all hours that the markets are open) with a win rate of 75% claimed for 2015 to date. Interestingly for a piece of binary options trading software, you are not tied down to a single broker with Binary Ascend being compatible with any binary brokers that use an MT4 platform. Another interesting thing about Binary Ascend is that you aren’t actually buying one system but three. There is a low risk version which offers only the most likely signals, a normal version which occupies the middle ground and a high risk version. This final one does require you to have knowledge of trading as you are expected to analyse the signals before you trade. Obviously the riskier the version of Binary Ascend that you use, the more trades you will get per day.
What is the investment vs. the rate of return?
Binary Ascend is sold for a one time cost that at the time of writing is £123.60. I say at the time of writing because it looks like this cost will fluctuate slightly depending on the exchange rate between the pound and dollar although it shouldn’t be more than about £125. Unfortunately Binary Ascend is not supplied with any money back guarantee. In terms of income, so far for 2015 Binary Ascend has a projected ROI of 32% which is up on last year’s 25% average.
Does the product provide value for money?
Personally I’m hugely wary of any binary options related products and at almost £125 with no money back guarantee, I don’t feel that Binary Ascend is value for money.
Conclusion
They say that the proof is in the pudding and given the fact that Binary Ascend is a binary options product (a format that I am yet to see anybody who I would say is credible, mention in a positive light), I would expect some proof. As it stands, instead you are expected to take the word of the Binary Ascend team that they have cracked this big secret that will make a consistent amount of money for you. There are some positives that point towards Binary Ascend being genuine such as the fact that it uses only one currency pair and there is a strong strategy in place. Unfortunately this doesn’t necessarily make a product on its own and as such I personally remain somewhat cynical about Binary Ascend.
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