Update (January 20, 2017): Neo2 is NO longer an auto trading service. Currently it’s just a signal service. The software will provide you with signals which you can manually apply to your automatically assigned broker account or to the broker of your preference.
Michael Freeman’s original AutoTrader was launched 2 years ago, on September 14, 2014. So much has changed since then; Mike has evolved as a trader and became an industry’s leading figure, involved in many binary options projects, the most amazing one, in my opinion, being Mike’s manual signals group on Facebook, which currently has almost 10,000 traders who are making money using the signals provided by the professional traders-admins Mike has recruited. Moreover, in the past two years so many Auto Traders came and went, most of them scams, others started out as legit apps and later exhibited a drop in performance, but Mike’s AutoTrader is still one of the most popular trading software in the binary options world. Mike’s AT is not a perfect software. First of all, it’s semi-automated which means you need to know how to trade, or at the minimum be knowledgeable as to how to conduct basic fundamental analysis, in order to use it efficiently. Those of you who were newbies were advised to use the software in conjunction with Mike’s manual signals. Second, the company who designed the software for Mike did not provide ample support and was not willing to offer trustworthy brokers to members.
Since the release of Mike’s AT, we received many emails asking us to make an automated software which will benefit newbies as well as proficient traders. Well, I’m glad to announce that Mike’s AT 2.0 is FINALLY ready! Michael carefully picked a company to develop his new NEO2 software. This time his software was designed by the world’s leading developers of algo-trading apps. Their CEO and founder, which became very close with Michael during the creation of Mike’s NEO2 app, is called Dr. Jack Piers, Ph. D. I also got to know this very interesting individual and his unique story.
NEO² detailed review
As Michael Freeman explains, NEO2 is an Auto Trader which can predict “winning trends by utilizing solar, weather and environmental factors and merging the results with today’s cutting-edge binary options trading algorithms.” Amit Gupta, president and lead programmer of NEO2, explains that the goal they set for themselves when designing the software was to create a user-friendly interface, which is basically a three-click AutoTrader, which anyone can easily use. How does it work? First, when you click on the “NEO Sync” button, the app plugs into the matrix by connecting directly to weather predicting satellites, the solar tracker Dr. Piers developed. You can then click on the “Trade Algo” button, which searches for relevant trading algorithms. When the two green lights are on, the third step is to click on the “Start Now” button to locate winning trades. The software then starts trading on 100% complete autopilot.
This is just a short excerpt taken from the NEO 2 website; make sure to watch the entire video by Mike, Dr. Piers and Amit Gupta to really understand how NEO2 works as it’s quite complex and I want this review to be simple to read and understand. I will just explain it in a very simplistic manner: Weather effects the economy. If you can predict the weather, you can potentially predict changes in the economy before they happen. Dr. Jack Piers developed the technology to predict the weather, while Michael Freeman contributed the understanding of how the weather effects the markets and the trading algorithms that generate relevant signals. Amit Gupta was responsible for hooking together both technologies in one super trading machine, possibly the most amazing binary options app I’ve even seen.
No previous knowledge in binary options trading or experience is required in order to use the NEO Square software since it is based on both fully automated technical calculations and fundamental analysis. And since it’s a web-based application, you won’t be required to download anything and it is possible to use the software with any type of computer or mobile device, such as iPhone and Android, as long as you’re connected to the Internet. It’s free to sign up with NEO2, but it requires a registration with a broker and funding the account with a minimum of $250.
NEO2 is capable of trading on autopilot, but as I explain below, I recommend using the manual signals feature. The software will constantly generate new manual trading signals. Each signal consists of 4 elements.
- The Asset can be a commodity such as Gold or Oil, a stock such as Google, an Index such as Nasdaq and currency pairs such as the EUR/USD.
- The Strength is the likelihood that the signal is going to win.
- The Action is a CALL when the price of the asset is expected to go up and a PUT if the price of the asset is expected to go down.
- The Time indicates when the signal expires. When a new signal appears it will start counting back from 10 minutes. At this point, you can use a 10 minute expiry. If you don’t have this option, you can wait till there are 5, 2 or even 1 and 30 seconds left and use whichever expiry times available on your trading platform.
To use the manual signals you need to log in to your broker’s account. You can use even a different broker than the one you’re using with NEO2 and even a demo account. Many people ask me what would be the best way to use the manual signals. I made a video demonstrating my recommended way of using NEO2 (see below.) NEO2 provides a news section which is constantly updated with the most important news releases which may have an affect on the market. You should always consult with news before trading manually or automatically. Major news events can cause NEO2’s auto trader to produce losing signals.
When trading on autopilot, you will be able to configure Trade Volume (trade amount; minimum $25). You can choose your strength. The higher the strength, the less signals the software will generate. Risk indicates the number of trades you would like the software to take. The Change Broker function doesn’t currently work so if you would like to change your broker, you should visit our Guide to Changing your Broker.
Unfortunately, NEO2 is not available in the following countries: Afghanistan, Angola, Bangladesh, Botswana, Cambodia, Cameroon, Gambia, Ghana, India, Madagascar, Mozambique, Namibia, Nepal, Nigeria, Palestine, Rwanda, Sri Lanka, Sudan, Suriname, Swaziland, Tanzania, Uganda, Vietnam and Zambia. (This is a partial list.)
My experience with NEO2
Let me elaborate on the above video and share with you my own experience with NEO2 and also give you some tips as to how I recommend using the software. Initially, I deposited the minimum which is $250 with UKOptions (which by the way is not one of our recommended brokers because none of our trusted brokers work with NEO2). My first experiences with the software were good. By activating it on autopilot, I was able to grow my account to almost $300 in just a couple of hours. The following day I shot the above video demonstrating how I recommend that you use NEO2 – manually. When I finished my session NEO2 still showed $297.50 because the balance doesn’t get updated unless you exit the software and reenter. So I had to log in to my broker account to see how I fared that day. And here are the results:
In just a few minutes, NEO2 made me $176.35. Pretty good for a software which I didn’t even have to pay for!
The review of reviews for NEO2
At the time of writing this review, there were no other reviews about the NEO2 app. As always, I will update this section of my review when other binary options websites upload their reviews.
BinaryOptionsWatchDog.com: “Review Verdict: NEO2 is a Legitimate Trading Software, 100% Scam-Free!”
BinarySignalsAdvise.com: “Neo2 code is the real app to trade. If you’re wondering to invest your money in this amazing trading system, then you can continue without any doubt in mind.”
EasyTradingSignals.com: “This software has already been tested for over 3 months before the site went live by members of Michael Freeman’s online trading group, and they have reported consistent results of 85% win rates with the NEO2 software. That is excellent, and also consistent with what some of the best binary options traders can deliver, but in an automated package.”
Quintup.com: “While the service is free to use by creating and activating a simple account, the best thing is their trading interface which is smoothly enhanced for newbies and amateurs to make profits . I have been using this system for a week, this system generated for me $1750 profits in a week for me”
BinaryOptions2016.com: “The best thing that has happened to the financial assets world in the most recent times is the Neo 2. It is the best app that you can use to make a lot of money. It is tested and trusted.”
BinaryScamAlerts.com: “Binary Scam Alerts is wholeheartedly giving two thumbs up to the NEO2 software, App, and Auto-trader, as well as the NEO2 Management team comprising of Dr. Jack Piers, Amit Gupta, and William Van loon.”
BinaryOptionsSpot.com: “During the beta testing mode NEO Auto-Trading APP has generated up to 85% accuracy. We were granted a beta account and we had the chance to test NEO2 Auto-Trading APP for two weeks, our average success ratio is 81%!”
BinaryOptionsGorilla.com: “To sum up this short NEO2 performance review we must say that we have no shadow of a doubt that the novice trader who decides to join this revolutionary program will benefit from both worlds: outstanding automated signals + great opportunity to integrate manual trading also that will help you to understand the principals behind the binary options bible.”
Is NEO2 a scam?
Here’s some more information that might help you reach a decision regarding NEO2, whether it’s a scam or a legit app:
- The domain Neo2.co was created two months ago on February 29, 2016 so it is very new. The fact that this is a new domain explains its poor social network presence and low popularity (doesn’t have an Alexa ranking yet).
- The NEO2 website is not blacklisted by Google SafeBrowsing, ThreatLog or MalwareDomainList, which means it is safe to visit and is not used to distribute malware or Trojans.
Testimonials from real traders
Please let me know if you have tried the NEO2 software and I’ll include your testimonial in this review.
“Well. I’ve got some personal stats for you in regards to NEO2. I ran it on autopilot for one full week. Started with 300 bucks and ended the week with 430 bucks at 67%itm and making $25 trades. I only turned it on from 1200-1900 gmt. Yesterday was the only losing day that it produced. Off the top of my head I think it was 2/5. Also, which it’s no big deal for me, but to date, NEO2 on autopilot has only been trading eur/usd. I was also home all day yesterday and made manual trades using the manual signals. Last week I tried them one day by following the exact expiry times and I might as well been flipping a coin. It was right at 50/50. Yesterday I thought I would just give it an honest go and enter the trade right when the signal was produced with a 5 min expiry. Then I would watch the charts and if things were looking good, I would enter the same trade with 2 minutes left on the expiry. I made 50 trades manually. If when I looked at the charts and I felt the signal was questionable I would only trade $10 dollars. If the signal looked solid, I would trade $50. My account at start was $1471 and when I ended the day it was $1605 with 59% itm. I’m REALLY hoping to find an autotrader that can produce winning trades while I’m working, and so far, based on last week, NEO2 appears to be doing the job. It did better than trading manually with its signals and I didn’t lift a finger or look at a chart.” -Dirk D., August 4, 2016.
“With NEO2 I finally got good trader, that helped me with resolution of software sync, so far so good, in profit 55$ for 3 days” -Rostislav P., July 20, 2016.
“Hello. Wanted to let you know that I’ve started trading with NEO2 today. I was assigned to Barkley Capital. It has been well so far. Today was the first day and I finished with 80% ITM.” -Michael S., July 19, 2016.
“It has been 8 days since I signed up with Neo2.. I must say it is really a Legit auto trader. When i sync it to my broker most of its trades are giving me profit.”
“Jacob, I don’t know how to thank you and Mike. Whatever you guys did is working GREAT!!! Since last Wednesday, my Neo2 auto trader is now performing extremely well. I now have an ITM rate of about 92%!!! Thank you so much for your support. God Bless.”
“And by the way Im 9 out of 10 for the manual trading on neo2 Its amazing i can send u my result if u want all from manual trading”
“I have been using it now for about two weeks. I have it set at very conservative settings for now. It has been finding two to five trades a day for me. I have been up every day. Some days over $200. I am averaging 82% so far!”
“Hey Jacob, I wanted to say Hi and thank you. I have been in the trade group learning for a few weeks now and I am learning alot. I have also been using the NEO 2 which I am seeing some good results from. I just want to thank you for helping me get started and joining this great group.”
“my girlfriend has started last week also, she already almost doubled her initial deposit”
“I have successfully joined Neo2 and is trading. Thank you for the training video on manual trading. I followed your steps and won 3 out of 5. The auto trader has successfully traded 2/3 trades and I am happy so far.”
“I managed to get uk options by changing my email address like you suggested. Happy with the broker. Just a question about the software I’ve used it for 3 days it’s made 8 itm and 2 otm so I’m delighted with that the only issue I have is the amount of trades. I’ve watched a lot of videos on you tube and a lot of people seem to be making more trades using the auto trader. My settings are strength above 80 and risk 5.”
To sum up this review
Mike’s NEO² is definitely NOT a SCAM! It’s probably one of the coolest binary options trading apps available. Mike’s AT 1.0 enjoyed 2 years of success, NEO2 is so much better so I expect it to rule the binary options trading world for a much longer time.