Is Neo2 Software Legit?Neo2 Homepage

Neo2 claims to be the the new innovation when it comes to binary options trading. Taking their knowledge of advanced weather prediction software and trading algorithms that claims to make users $4000 a week.  Bold claims, I have tried the Neo2 system and test out their claims.

Platform: Neo2

Founder: Dr. Jack Piers, PhD

Broker: Does depend, it matches you up with a suitable one, dependant on where you live. I was matched with Tradorax

Minimum Deposit: $250 is quoted in the video, but Tradorax minimum is $350

First of all, what is Binary Option Trading?

SO what is Binary Options Trading?

Simply put, it is a form of standard trading. It relies on you predicting on whether the asset will be higher or lower in price than the current price, after a certain time. (1min, 5 min, 10min or a set time) There are certain types of trade, which I elaborate more in this post.

I must stress it is not risk free and you should never trade more than you can afford, although the advantage of binary options is you know the risk upfront. as you only trade an amount you select. It also tells you how much you will gain if it finishes ‘In The Money’ or you will lose the initial amount you chose at the beginning if it finishes ‘Out Of the Money’.

What Does Neo2 Do?Neo2 Dashboard

It is designed to predict trades that will hopefully finish ‘In The Money’ more often. In the video on the homepage states they use weather systems along with trading algorithms to predict whether assets will go up or down. YOu can understand the logic, as certain assets (wheat, corn, etc) can be affected by bad weather. As binary options works on a supply and demand. If an asset is not in demand it will be more valuable than a asset where there is no demand for it.

How Does it Work?

After signing up with Neo2 on their website, you get matched up with a broker (For more on Brokers, click here). I was matched with Tradorax, I live in the UK so it does depend on where you live). They did require a higher deposit than others at $350, but once I had done the deposit, and gone through the verification process (Proving I am who I say I am). I was in.

Then as the video states, I just press ‘Start Now’. It then searches for trades, and puts them on for you based on your rules.

Many Binary Traders will suggest you only trade 5% of your balance on any trade, and then only 3.

You can quite easily into the trap, that you may find yourself in at gambling games, betting more than you can afford.

The system is also not a guarantee it will work.  I am honest in saying that I ended up in a situation where my balance disappeared quite quickly.  I do not blame the system, but the fact that a system can only do so much.  When you have things that can impact the markets other than weather, like things that happen in the news, or a speech by an important dignitary, i.e. Head of the Bank of England. It can affect the markets in a way that a computer system cannot predict. These are called the fundamental factors to consider

In the end, some of the trades worked, and some didn’t.  Neo2 News & Trade Suggestions

It also gives you suggestions of trades you could use manually.

Is it for New Traders??

That is the big question, some people will want a system that does all of the hard work for them and sit back and see the money roll in. That is why some will say an autobot is a scam.  Trust me, there are scams out there. But for me, this system is for experienced traders who want to match it with trades they already do, and have put the time and effort in to understand the options market, and use Neo2 to supplement them.

Final Assessment

Let’s be straight, it isn’t a get rich quick system. you need to have some experience with binary trading for it to work for you.  It isn’t scam, it just will not work for everyone. So rather than call Neo2 a scam, I would say use it if you wish.

But my advice is learn all you can about the binary options market, try it with a free account and learn you own techniques, before even attempting letting a robot free with your savings.

IQ option offer a free demo account, it comes with $1000 or your local currency, for you to try out techniques.  They also have a learning library you can tap into.

Hope you found it useful?

Any questions or comments, leave them below

John

  1. I am really thankful to Bailey Aart for his help in my trading life, i have really benefited greatly from the profits i am getting from his trades, i was once an epitome of losing but now i am currently earning great profits, and i was been able to withdraw all my profit which i thought it was gone after dome month through him, if you need a good software for trading he can also be of help to you, you can contact him on his email if you are having problems via baileyaart1199@gmaildotcom he will be willing to help you out.

  2. Doing trade is extremely profitable when using the right techniques and strategies and also frustrating for those without better system to trade and signal provided. If you need an beneficiary trade and you are loosing out all your investment instead of profiting, there is still a big hope for you to recover all your lost founds. [Some traders will tell you that either you lose or gain] In my case loosing is a failure is not an option…….. you can contact me via MICHEALRYAN133@GMAIL.COM. your assurance of profiting instead of losing is 95% on binary trading forex.

  3. Trading is a good thing. I lost a lot before I got to were I am today. if you need assistance on how to trade and recover the money you have lost email me get new amazing strategy?
    If you are having problems withdrawing your fund from your Forex/binary trade broker even when you were given a bonus,just contact me, i have worked with a binary broker for 7 years, i have helped a lot of people and i wont stop until i have helped as many as possible, here is my email address if you have a bonus that was given to you and you wish to withdraw it juanitajonathan44@gmail.com

    • thanks Juanita,

      I didn’t take any bonus offer, as I wasn’t sure how beneficial it was going to be, as you couldn’t withdraw that amount anyway. I didn’t lose a lot, as I didn’t venture into it further. I found Wealthy Affiliate and started earning with Affiliate Marketing. So that is where my future lies.

      Thanks again

      John

  4. Are you TRADING without profits? Are your STRATEGIES obsolete? Are you unable to predict market correctly? Do you lost money in your trading platform and you are actually not the one that placed the trades yourself? Is the fund in your trading account depreciating without your autorization? Are you unable to withdraw your money from your BROKER ACCOUNT? If one of these questions are for you, then am here to provide you solution; not only that i can help you with STRATEGIES that works in this current economic meltdown. But i can also teach you how you can recover all your LOST MONEY, make WITHDRAWAL from your TRADING ACCOUNT successfully and recover the lost funds you didn’t trade and loos by yourself withing 24hours; have you heard about binary ADMIN SECRET CODE? that is what you can use to stop BINARY TRADE BROKER’S from manipulate your trading account, get back to me so i can also tell you the importants of ADMIN SECRETE CODE and how you can get it to enable you Take full control of your Trading and Profits in trading binary option. here is my email dennis.terji@gmail.com contact me and learn more

    • thanks for the comment Dennis,

      I don’t trade any longer and only tried it to see how it works, am still sure it works but you need the right support.

      John

  5. Never accept bonuses or a trade offer by a broker whose marketing focuses on bonuses, these are strategies unregulated brokers use to keep your deposit locked down so can’t withdraw anything, It’s a simple case of manipulation. If you have any funds you wish to withdraw or call back, Kindly get in-touch with me on michaelroland727@gmail.com

  6. With the help of a recovery expert i was able to recover my money from a scam binary options broker , Happy to share my experience and to also enlighten people out there on what is going on.

  7. I got scammed by 53 Capital Trade, broker Helen Kinski. Only lost £7000 which is minimal compared to what others lost after reading this column, But what I have just found out which is worse that my personal details like my bank account, card numbers, phone and passport details have all been sold on the black market. This is a heads up to everyone else to change your details immediately after you realised you’ve been scammed because the after effects are on-going.

    I am in touch with a Charge back company trying to recover my funds you can contact me if you need their service don’t forget they have our details try to change every thing.

    I couldn’t make any withdrawals. Binary options is a big lie Have you ever made a successful withdrawal, they took all my savings I am took them up, there are others with the same fate. I forwarded info on the trading company to a charge back service, i got my money.

    visit: http://www.wealthrecovery(.)live

    Promised a recommendation

    • Thanks for your comments Sarah, sounds like you did the right thing after being scammed. I think being extra careful is the path forward, binary options can work – but you are right there are too many scammers out there, it is so hard to find the genuine ones.
      All the Best
      John

  8. Stay away from this fraud scheme. Being a regulated broker means nothing. They change rules as they want. First the client must have a trading volume of 15 times bonus size, then they increased this to 30 times. The only think they care is your money. They will continue to change the rules so that you can lose more money. Do not deal with these cheaters. Thanks to calgarysecurity d0t 0rg who helped me get almost all of it back. I lost a whole lot of fortune to these retards, I moved from one broker to another and found out all them 3 were the same fraud, over 90k lost until, I didn’t even have money saved for my funeral anymore, I was at the suicide point.

    • Wow, sounds like you had a really bad experience with binary trading. Sorry to hear about your situation. Thats why I am glad I didnt carry on and search for an alternative – like affiliate marketing. Very safe option but is earning me money, so was definitely worth it albeit a slower way to earn money. Wealthy Affiliate offers awesome training and guidance into starting an online business without forfeiting huge amounts of money and is run by 2 awesome guys who help people. Nothing like these traders only interested in lining their own pockets.
      Thanks for sharing your story and hope you are in a much better position now.
      All the Best,
      John

Leave a Reply