Recently, more and more binary options appear on the Internet. Most of these sites are nothing more than a "scam". The creators of these options simply make money on people who invest their money in the project. And then they disappear. But relatively recently, in 2015, a project was created that allows you to earn money even without human participation. The algorithm will make all the necessary purchases and bring a stable income - this is what its developers promise.
"Algorithm Queen": new generation binary options
This project was created by two young people. Denis Korolev and Maxim Nikitin are the creators of the Korolev Algorithm project. According to their plan, all traders should unite into a single system or community in order to have the opportunityraise any asset in price due to the well-coordinated actions of the team.
With this method, it is planned that all traders will be able to have a stable income and create their own small trends, which, in turn, will have a decent price in the market.
What do you need to join the project?
What does an ordinary trader need to join this development? Firstly, a powerful computer, due to which the Korolev Algorithm will work. According to the creators, the computer will generate income from $ 500 per day with an average PC power. In order to test your device for power, just install a special application through which it will become known what technical capabilities your PC has.
The trading itself and the purchase of shares will be carried out in a fully automatic mode, all transactions will be made only with those brokers that are specified in the conditions of the creators of the project. Also, earnings directly depend on the power of the PC. The more power, the more money.
How does the Queen Algorithm work?
Reviews about the project suggest that you should first test your device. To participate, you need to pass a power test, after which you can already start registering on the developer's forum itself. Next, you need to make the required minimum deposit to the trader. It is $300. In order for the earnings to be higher, it is recommended to deposit $1000 each.
If you do not trust this algorithm,For your attention, there is a video sequence on the developer's website, which shows the reviews of traders who have already managed to participate in this project. Their earnings average $200 a day. Also, the income will depend on the number of people who have joined the project. The more people will work together, the more will be the total earnings.
Participation in the project is absolutely free for everyone, the only exception in this sense is the initial contribution to your account. The essence of the "Algorithm" is that a special indicator will show the trader where significant events take place in the market, so that it would be more convenient for him to make deposits and purchases.
Is this really true?
Queen's Algorithm is claimed to be able to generate profit without any effort. Many novice traders in the binary options market trust this algorithm. However, experienced investors immediately recognized the fraud in this system. Despite the fact that the reviews on the website of the Algorithm Queen project speak of huge profits, this cannot be taken seriously.
Even if thousands of participants with their several hundred dollars act together, they are physically unable to move the price in the direction they want, because the binary options market is simply huge, and their miserable thousand dollars is just a drop in the ocean. For real options market players, this sounds simply ridiculous. Complete nonsense, according to experts, is the fact that a certain computer program can somehow increase the influence of tradingoperations of these people.
Broker
It is also worth noting separately the registration with the broker. As practice shows, the robot becomes available only if the trader uses the 24option broker and deposits funds into his account. In this case, only new registrations made by going from the Korolev Algorithm website are counted. At the same time, the creators of the project guarantee that the platform they provide is free and is offered to everyone without any restrictions.
There is another interesting point. The site of the creators contains a video demonstrating the operation of the program. As you can see in the video, the site works with the PlusOption broker. Why work is offered only with one company, but is shown as such with another, is unclear.
Is this a scam?
All trading operations of brokerage companies are carried out only within this company, and are not displayed on the real market. Even if the entire capital of these scammers was comparable to the turnover on one of the major exchanges, then their actions would not have affected the price movement in any way, because the money remains in the brokerage system. According to unofficial information, in six months the developers of this system have earned more than two million dollars, and not because of the profitability of this system. Thus, the program "Algorithm Queen", reviews of which are positive only on the official website of the developer, is actually a fraudulent project.
This came to light due to numerous complaints from experienced traders. On manysites "Algorithm Korolev" is blacklisted for fraud. The same is repeated by numerous reviews of former participants in this project, who unanimously claim that this is a hoax.
You can see this in the training video that the project website offers. Firstly, we are talking about abstract things, and the word "binary options" sounds only at about the ninth minute of the recording. Secondly, a large profit is immediately and unequivocally guaranteed for everyone, which is unrealistic in principle. If you are guaranteed 100% success, then you are scammers, because there are always risks, and the real service provider is obliged to warn about this.
Conclusion
Greed and laziness, inherent in many inexperienced traders, are exploited with might and main by various kinds of scammers. Only high-quality training, experience and practice can help you become a successful trader in the binary options market. The Algorithm Queen program once again confirms that there are no miraculous services or tools that will make you rich in a short time.
