Recently, more and more binary options have appeared on the Internet. Most of these sites are nothing more than a "divorce." The creators of these options just 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 intervention. The algorithm itself will make all the necessary purchases and bring a stable income - this is what its developers promise.
Korolev Algorithm: Next 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 in a single system or community in order to have the opportunity to raise any asset in value due to the coordinated actions of the team.
Using this method, it is planned that all traders will be able to have stable earnings and create their small trends, which, in turn, will have a decent price in the market.
What is needed to enter 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 of $ 500 per day with an average PC power. In order to test your device for power, just install a special application through which it becomes known what technical capabilities your PC has.
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 prescribed 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?
Feedback on the project suggests that you should initially 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. He is $ 300. In order for earnings to be higher, it is recommended to deposit $ 1000 each.
If you don’t trust this algorithm, there’s a video sequence on the developer's website that shows the feedback from traders who have already participated in this project. Their income is an average of $ 200 per day. Also, the income will depend on the number of people joining the project. The more people who work together, the greater will be the total earnings.
Participation in the project is absolutely free for everyone, an exception in this sense is only an initial contribution to your account. The essence of the “Algorithm” is that a special indicator will show the trader where significant events occur in the market, so that it is more convenient for him to make deposits and purchases.
Is it really?
It is argued that the “Queen Algorithm” is able to make a profit without any effort. Many novice binary options traders trust this algorithm. However, experienced investors immediately recognized fraud in this system. Despite the fact that the reviews on the Korolev Algorithm project website 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 need, because the binary options market is simply huge, and their pathetic thousands of dollars are just a drop in the bucket. For real options market players this sounds ridiculous. The complete nonsense, according to experts, is that a certain computer program can somehow enhance the influence of the trading operations of these people.
Broker
Also separately worth noting is the registration with a 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, exclusively new registrations made by moving from the Korolev Algorithm website are counted. At the same time, the creators of the project guarantee that the site they provide is free and offered to everyone without any restrictions.
There is another interesting point. The site of the creators contains a video demonstrating the work of the program. As seen in the video, the platform works with the PlusOption broker. Why it is proposed to work with only one company, and demonstrated one with another, is unclear.
This is a fraud?
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 fraudsters would be comparable to the turnover on one of the major exchanges, their actions would not have affected the price movement because the money remains in the brokerage system. According to unofficial information, for half a year the developers of this system have earned more than two million dollars, and this is far from due to the profitability of this system. Thus, the Korolev Algorithm program, reviews of which are positive only on the official website of the developer, is in fact a fraudulent project.
This became known in connection with numerous complaints from experienced traders. On many sites, the Korolev Algorithm has been blacklisted for fraud. Numerous reviews of the former participants in this project, which unanimously claim that this is a hoax, repeat the same thing.
This can be seen on the training video, which offers the project site. Firstly, we are talking about abstract things, and the word “binary options” sounds only about the ninth minute of the recording. Secondly, immediately and unambiguously guaranteed a large profit to everyone, which is unrealistic in principle. If you are guaranteed absolute success, you are fraudsters, because there are always risks, and this service provider is obliged to warn about this.
Conclusion
The greed and laziness inherent in many inexperienced traders are exploited by all sorts of scammers. Becoming a successful trader in the binary options market can only help with quality training, experience and practice. The Korolev Algorithm program once again confirms that there are no miraculous services or tools that will make you rich in a short time.