Virtnext Scam or Virtnext Legitimate? Virtnext is the signal software that has gone viral in the last few weeks. But has it performed to the levels it claimed to achieve? Binary OptionSheriff had a number of complaints about Virtnext system from traders that the Virtnext customer service was not responsive to their enquiries, and that the software is not widely available worldwide. This is our updated review.
Let us clarify the situation. Virtnext App is not available in countries which include Egypt, Iran, Israel, India and Nigeria. Most of the complaints were in fact registered from Nigerian traders who wished to access the Virtnext software. Others have tried to register to the members area by using encrypted IP addresses, but this always leads to problems later when verifying your account with Brokers. So it this a legitimate complaint? Does this make Virtnext Scam?
How Did Virtnext Perform realistically? Really is Virtnext Scam?
Virtnext did not meet the advertised expectations. For those hoping to have free and easy money, Virtnext software is not the solution. The profit potential which was aspired was not realistically reached. However the performance of the Virtnext software did reach the extent of 75-78% in the money rate of success. Traders who have used the software over a longer term, have indeed managed to gain an average of $300-$500 dollars daily in trading. Starting off with modest investments like $250, this is a highly desired level of success and positive performance. It should be noted that traders who achieved this level, did in fact increase the value of their trades because they did not cash out on their profits immediately.
Other complaints about the Virtnext system were received from traders who used the software on semi-auto trading, or using it as signal software only. These were traders who were struggling to break out from a break even situation. In instances where individuals do not have any trading experience, it is always recommended to use Virtnext software as a fully automated signal service and expose not yourself to procrastination and risk.
Another issue, which makes traders (especially those without much experience) frustrated, is the lack of activity in the Virtnext software. This is the same complaint also received for other good software systems such as Dow Jones Signals Software.
What most traders who are not seasoned, fail to realize, is that on optimal days, there are no more than a handful of great opportunities for trading profitably. When joining a manual signal group, new traders, who are over zealous to trade, also find that studied trading is passive. One cannot decide that Virtnext is scam because it does not create opportunities which are not available.
Successful trading requires patience and attention. Day trading or Binary Options trading, is not a slot machine, designed for frenzied shakes at the push of a button.
Making money online trading binary options is still a great and legitimate way of earning a separate income, but it does have its risks. Traders need to exercise money management and emotional control in order to achieve success.
CONCLUSION and Verdict. Is Virtnext Scam?
BinaryOptionSheriff reconfirms its original verdict that Virtnext is a legitimate signal software and auto trader. Virtnext is not Scam! It has to be used within its context. You may read our original audit and Virtnext Scam review HERE.
If you are new to trading binary options and want to test the waters with just a minimum capital outlay, Trade Thunder will allow you to open an account for just $20 and their minimum trades are just $1. They also offer a Demo Account for paper trades, and a great educational site. It is highly recommended that if you are new to trading, that you try trading only in Demo Mode.