Continuing our ongoing commitment to weed out the binary options scams and find for you those unique systems which are valuable and profitable, we have invested in comprehensive testing of VirtNext. Read more for our findings and review.
The VirtNext is a binary options signals platform which also features auto trading. This means that you have two possibilities of using this platform:
1. Get the signals (trade alerts) and trade them manually
2. Have a robot trade the signals for you automatically
The first option, of manual trading, is suitable for experienced traders or those who have the time to dedicate to trading themselves.
However, if you don’t have experience of trading or if you don’t have time to trade, no worries – there is an “auto trading” button within the platform, that you can set to trade automatically. The software will trade without the need for your intervention. This is how it looks like:
For our testing, which we will get to in a minute, we used the “Auto Trading” mode. The reason is we wanted to conduct the most objective testing possible. Auto Trading enables the software to trade without our intervention. That way, we can remove the human element and see what the Virtnext algorithm is capable of.
Before we get into the test results, let’s have a quick review of the website for the VirtNext. It is a relatively simple website, which describes the software and provides some testimonials and frequently asked questions.
There’s much less hype than with other binary options scams that we’ve reviewed, therefore we had a good feeling about this system. We’ve also received several messages from followers who were the first to try the system, and they have report very good results.
This has prompted us to conduct further testing. To ensure our test is objective, we have registered as any regular user would do.
The software itself is completely free to use, however we needed to open an account with one of their brokers, as selected automatically according to the country of the client. After we deposited the initial amount, 350 Euro, we got access to the platform.
The platform itself looks serious and professional, yet it is very easy to use. Just a few controls to cover the important functions such as risk per trade and Auto Trading On/Off:
We decided to test the VirtNext for at least a month. Starting balance was 350 Euro. As the first week progressed, we were happy to see that the winning rate was quite high, around the 70%, so we ended up the first week with 210 Euro of profits. There were occasional losses of course, but almost each and every day ended with some profit. Here are the details of the other testing weeks:
Second week profits: 126 Euro
Third week profits: 355 Euro
Fourth week profits: 472 Euro
Total profits for 1 month: 1,163 Euro
Total in our account (including initial deposit) after one month of using VirtNext = 1,513 Euro!
These results are really impressive, and show a clear trend of consistent profits with a high win rate and smooth performance. This leads us to conclude that VirtNext is NOT a scam, but rather a legit, profitable binary signals platform. Verdict: good to go!
(Note: we are updating the Judge seal for 2016 following more recent comments about the continued profitability of the system)
By Leo Blake
Judge Binary Options team
Behind the scenes