Created by Greg Marks, allegedly a Hedge Fund Manager, Legal Insider Bot is a piece of binary options trading software that comes with some rather incredible claims.
What is the product?
Whilst it has been a while since I’ve looked at a binary options trading bot, I’m not that surprised to find that nothing has really changed. All of the usual claims are made with Greg Marks in the case of Legal Insider Bot using a claimed 100% successful trading rate as his selling point. This is allegedly achieved though exploiting a trick that Greg Marks knows allows him to see what banks are going to do ahead of time. There is unfortunately and not surprisingly no evidence to back this rather bold claim up outside of a ticker at the bottom of the page that shows “successful trades” in real time (something that I don’t believe at all). The other angle that Legal Insider Bot uses is a claim that all trades are fully insured through a unique policy that Greg Marks has negotiated with a number of different binary brokers. This policy covers any losses to your initial deposit only in the first 7 days although this is only mentioned in the small print. On top of what you make through your trading, Legal Insider Bot also holds frequent competitions for top traders with prizes of up to $10,000.
What is the investment vs. the rate of return?
Whilst Legal Insider Bot is technically free, there are definitely charges associated with it. In order to get access to your download you will have to make a deposit through one of Greg Marks’ approved brokers which is likely to be around $250. In terms of income, Legal Insider Bot doesn’t really go into too much detail with there just being one claim of making $34,174. Unfortunately there isn’t really any context for this so there is no saying how long this took or how much Greg Marks started out with.
Does the product provide value for money?
Despite the tag of being free, I don’t believe that Legal Insider Bot represents value for money at all.
Conclusion
Legal Insider Bot is not the first binary options trading bot that makes the kind of attractive claims that it does. Admittedly things are switched around a bit with the focus being on the claim of no risk thanks to the alleged 100% win rate and insurance policies. The fact is though that Greg Marks provides nothing that really demonstrates that his software. Unfortunately this is the case for this kind of product which serves primarily to make money for the creator through referral commission.
The whole operation feels questionable to me and this is definitely compounded by a lengthy disclaimer (well above and beyond the usual required one) that says that simply by using Legal Insider Bot, you indemnify the Greg Marks and the team behind it. This would be concerning enough but given the nature of Legal Insider Bot, this is definitely compounded. Personally I would entirely avoid Legal Insider Bot.
Leave a Reply