When we searched on Google about HB Swiss, our first thought is this could be a new forex EA robot. However, after signing up into the website and see how the system works for ourselves we were actually quite disappointed since this is actually a binary options robot and not a forex robot.
Enter HB Swiss and Hans Berger
Hans Berger claims to be the owner of HB Swiss robot. In the video, he mentioned that he is a Swiss national and have developed his forex robot in the spirit of the best traditions for quality. His product got lots of attention from traders and investors.
However, we don’t think that all of the claims are true. In fact, what think now is Hans Berger is actually an actor hired to sell this product.
They advertised this product as FREE
Just like other binary options scams we’ve seen lately, HB Swiss is being advertised on the website as free. Yes, it is actually free for you to see how the member’s dashboard looks like, but then in order to make this software works for you, you are required to deposit at least EUR250 into their recommended broker.
In case you are wondering, this is how the member’s area of this software actually looks like:
We cannot view or navigate even more of this software since there’s always a pop-up window that urges us to deposit money into their recommended broker. We don’t know about you, but in our case, we are directed towards CT Options and sometimes to PW Trade. Both are NOT forex brokers. Both are actually unregulated binary options brokers.
In other words, if you are looking for a real, working forex robot, you will be likely disappointed this since is actually other binary options trading software and not a forex EA robot.
Can anyone make money with HB Swiss?
The short answer is: We doubt that and we don’t recommend that you deposited money into their recommended broker. For several reasons:
#1: This software makes it sounds so easy to make the money with their trading robot, while the fact is, it isn’t. The real, working trading robot or software must look like this one:
#2: You need to deposit money in order to make this software works for you. This is in fact, another newbie trap for binary options or forex niche. You might not know this, but a real, working software must allow you to trade on a demo account first, before putting the real money on the line. In case you are new to trading, a demo account is a trial version of your trading account, where you will be provided with thousands of fake money to test one particular strategy or systems properly until you are confident that the strategies, EA robot or trading software will make you money.
The problem with HB Swiss software is the fact that you cannot test the system on a demo account first before you even deposit real money into the recommended broker.
#3: The recommended broker is not regulated yet. Both CT Option and PW Trade are not regulated yet. In other words, if you deposited money into the trading account, it will be hard to see your hard earned cash back again.
#4: If you want to withdraw your fund, there’s lot more work to do, and it is just not worth your time. All binary and forex brokers require you to submit some kind of verification documents first before withdrawing your fund. In case you are new, the most common documents asked by brokers are proof of identity and proof of address. It could be the photos of your passport, national ID, utility bill or your latest bank statement.
Final verdict – Do we recommend HB Swiss software?
The answer is no. We don’t see how this software is related to forex trading somehow, while it is actually binary options trading. Plus, we have found similar software that works like a charm, no hype in their sale letter and best of all, they can be tested on a working demo account first, before putting real money on the line. For more details, you can take a look at our #1 recommended software here.