Binary Options Robot Video Guides

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Best Binary Options Brokers

Our mission is to review and compile only brokers and robots in the binary trading industry that provide interesting trading features. Get informed on the latest binary solutions on the market. Stay informed on binary brokers and robots who, according to our reviews, deliver good user-experience. Learn what to look for when choosing a broker or a robot. Get acquainted with the trading features, apps and settings of each of them. This site provides the insight in the world of binary options trading and automated trading software.

Find out more about latest economic and financial happenings in our News section and learn more about trading in our Guides section.

Secure Trading with Nothing but the Best Brokers and Robots Reviewed by Us

Binary options trading, growing rapidly as it is, yielded so many brokers, signal providers and automated trading platforms to choose from. At a first glance, it may seem easy to know the crucial differences among them. But it truly isn’t. Read our reviews and find your perfect pick! Choosing wisely may have a big impact on your trading experience and your trading account balance. Here you will find complete binary brokers list.

Top Trading Platforms

Try to Increase Profits With Binary Options

Automated trading can compensate for lack of knowledge needed for success in the binary industry. Direct trading with a broker may be increasingly risky, especially if you don’t have the knowledge on how to trade binary options. If you are a beginner or don’t feel like wasting your time or money, automated binary options trading could be the best choice!

Popularity of Binary Options

Binary options industry became a popular field of interest for many investors worldwide. Binary options initially appeared in late 2008, as a new investment type in the financial industry. In recent years, binary options had a big impact on traders on a global level, who saw an excellent opportunity to participate in financial market and try to maximize their profits.

There is an increasing number of traders across the world who prefer to use binary auto trading solutions as way to earn money from trading binary options.

Binary options robots could serve as an excellent binary trading solution, available to traders worldwide.

One of the main reasons behind the popularity of trading binary options, is the fact that traders know possible gain or possible loss entailed in the predicament they opted for. Trading binary options may have many advantages, such as the possibility of using a variety of features and trading instruments, as well as an opportunity to invest in a wide range of assets, such as currencies, stocks, commodities, and indices.

Binary Options Basics

Binary options are a type of options with fixed payout and fixed expiry time. According to the financial definitions, binary options are based on an accurate prediction of price movement of a particular asset. With binary options, there are two possible directions: Call and Put Option.

A Call option is defined as trading binary options decision, by which traders predict a price increase of an underlying asset. Put option is a trading binary options decision, which traders make under an educated guess that the asset price will fall below the strike price in the predetermined period of time.

One of the biggest advantages that binary options owe their global popularity to, is the ability for traders to join and start trading, regardless of the level of their trading knowledge. This has presented itself as a great opportunity for a wide range or trader – from beginners to professionals, to find their place in the binary options industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

There are dozens of interesting binary trading platforms that traders can choose for the trading yard of their preference. Binary brokers provide traders a wide selection of trading tools and services that could embark them on a adventurous binary options journey.

With binary options, traders may achieve high payouts from their investment, which is a great way for traders wanting to profit from this rising online trading industry. Also, traders can choose if they prefer to invest in the short term or long terms options, depending on their risk exposure preferences.

What is Binary Auto Trading?

Thanks to technology improvements over the last few years, binary options traders now have the opportunity to trade binary options in a less hands-on, yet technologically advanced way. Binary auto trading comes as a leading innovation. The whole trading process is done by automated software, based on binary trading signals, generated by complex, yet highly accurate algorithms or a team of skilled binary trading professionals.

With automated binary options trading, there are two possible ways traders get signals – they can be generated by humans or by trading algorithms. The trading process is done automatically or semi-automatically, depending on the type of the robot software. Binary options auto trading mostly relies on binary trading signals.

The Use of Binary Options Trading Signals

Trading signals serve as results done by trading algorithms or humans, based on several mathematical calculations. Signals are considered as a core of any binary options automated software, where the intention is to get the best possible signals and have potential money gain.

It is important to emphasize that signals have to be created and delivered in real time in order to be useful for Binary Options Robot to use it in the trading process.

Binary Options Trading in the UK

Everything you need to trade binary options successfully.
Research. Find a broker. Trade.

For UK investors, trading with binary options is a tax free form of investment with very quick results – minutes rather than months or years. The word binary is used because there are just two possible outcomes – either the trade is successful, and the investor gains a significant return (usually between 75% to 95%) – or the trade is unsuccessful, and the full investment amount is lost.

During 2020 however, European regulators have prohibited the sale or promotion of binary and digital options to retail investors in the EEA. This includes the UK. Only professional clients or professional accounts are now permitted to trade binaries with regulated firms. A professional trader must meet 2 of these 3 criteria:

  1. Open at least 10 trades of ‘significant size’ per quarter (brokers define ‘significant’ differently)
  2. Own a portfolio or trading capital of €500k or more
  3. Have worked for 2 years in the financial industry, or have experience with complex trading instruments.

Unregulated firms may not adhere to the new ESMA rules, and will continue to accept UK traders. This does increase risk for the trader, and makes finding a trustworthy broker even more important. It is however, possible to find brokers regulated outside of the EU that will accept EU traders, and are still regulated by respected bodies.

So ‘binaries’ (or ‘digital options’) are a high risk form of investment, but that risk is offset by the potential for very high rewards with minimal waiting time. Most brokers are regulated, offering consumers the sort of protection they would expect while using financial instruments of this type. Returns from binary trading are also currently viewed as tax free by HMRC.

Top Brokers in the UK 2020

Min Deposit Min/Max Trade Payout Bonus Demo Regulated App
£5 £5 – £100,000 91% Review » Visit
£10 £1 – £10,000 91%* Review » Visit
£5 £5 – £10000 93% 75% Pro Account + 10% CB Review » Visit
£250 From 0.1 lots – £100,000 Review » Visit
£10 From 0.1 Lots – Varies by asset N/A Review » Visit
£250 £1 – £10000 90% 100% Deposit Match Review » Visit
£50 £5 – £1000 85% 30% Review » Visit

What Are Binary Options?

Binary option meaning – Binary options are a derivative, traded on any asset or market. For example a stock price (Twitter, AstraZeneca etc), indices (FTSE, DAX, Nikkei), commodity value (gold, crude oil) or foreign exchange rate (EUR/USD, GBP/USD). Even cryptocurrencies such as Bitcoin or Ethereum can be traded.

The main difference between more traditional stockbroker trades, and binaries, is the clear identification of risk and reward before the trade is made. An investor knows exactly how much is at risk, and crucially, also knows the exact value of any potential returns. No calculator, formula, or maths degree is needed to work out profit and loss on a binary option.

This structure of the trades is what has led to the terminology of “all or nothing” , or “cash or nothing” being widely used.

The only decision for a trader is if the value of the underlying asset will rise or fall. The degree of the price change is not important. The trader is purely speculating on whether the price will be higher or lower than the current price, at a specific time in the future.

Short term price movement can be triggered by news stories or headlines, quarterly statistics, buyout rumours or even global security fears.

Trading binary options offers a Yes/No proposition. Although there are variations on the High/Low option, this type of investment will always have a black and white, Yes/No, binary outcome. Where trades can be closed, redeemed or sold mid-trade, payouts have absolute figures of 0 and 100 and prices move between as the market dictates – until closure.

Expiry Times

Every binary option is offered with an expiry time. This is the point at which the trade will end. So the price at expiry is the one that will decide whether an option has won or lost (“in the money”, or “out of the money” in binary jargon). These expiry times can vary from just 30 seconds or 1 minute, (known as ‘turbos’), to a full day (‘end of day’), to even longer in some circumstances – rolling up to a full year.

Generally however, a binary option is used for short term trading – usually under 30 minutes (5 minutes are the most popular). Longer term expiries – and the element of fixed risk – does make them useful tools for hedging or diversifying other holdings.

Payouts change dependant on the asset and the expiry time. Differences can be significant so traders looking to use binary options long term, need to shop around to find the best payout for the asset class (or classes) they intend to trade.

Video Tutorial – Binary Trading Explained

Watch this video tutorial of the IQ Options platform, which shows how to place a binary trade:

Legitimate Investment

Although binary trading is in a period of growth, it remains a relatively unknown product. Over time, this is likely to change. As digital options (as they are also known) offer a very simple fiscal arrangement. They are a legitimate way to play the financial markets.

Binaries offer a clear trading choice, but they are also high risk / high reward. There is however, no leveraged exposure with a binary trade, so the risk and reward ratio is also simple to manage.

Are Binary Options Safe?

Binary options suffer from a poor reputation. This is basically a result of dishonest and irresponsible marketing and cyber crime, more than an issue with the product itself. With tighter regulation, and a better understanding by the wider public, these options can – and will – move into the financial mainstream. Which was where they originally developed.

While FCA regulated agents and businesses may still have their flaws and faults, they are not fraudsters. The angry emails we receive focus entirely on unregulated brokers promising “easy money”, or a route to “get rich quick”. Read our section on avoiding scam brokers below.

Advantages Of Binary Trading

Many of the advantages of using binaries are related or linked. Here we list some of the benefits to using this form of investment – not just for the retail investor, but also to the market makers or brokers:

Risk management

Managing risk when trading binary options is clear cut. The amount of the trade is the full amount that is at risk. This clarifies the risk not only for the trader, but for the broker too. Their pricing model reflects the accurate knowledge of their liability.

Trading Fees And Spreads

The certainty of risk provides a solid foundation for brokers to work within and manage. This leads to low trading feed, tighter spreads and higher payouts. To protect themselves further, they may use a liquidity provider or hedge their own positions. The expensive broker costs of clearing houses becomes unnecessary.

Leverage

Leverage, or gearing, is not generally available with binary trading. This benefits the broker again, as it means all trades must be funded in full. In other words, no trader can default on a trade. With leverage, if things go wrong, there is a real risk of the broker not being paid. This is a big difference vs spot forex or spread betting.

Trader Choice

Layers of complexity can be added to the standard fixed payout option. From a ladder option, to boundary trades or more advanced ‘nesting’ of options to create ‘strangles’ etc – binaries can be used in a huge variety of ways.

A binary trade offers the greatest level of flexibility. They even provide a mechanism to speculate on a market remaining flat, arbitrage, or to take a view on the trade volume of the underlying asset.

Robots and Auto Trading

Auto trading robots (‘bots’) often rely on signals and algorithms triggered by price graphs. Again, these robots attract many of the undesirable operators, and the automatic nature of the trades increasing risk further. New traders should be especially careful. A large amount of ‘due diligence’ is required when trying to find the right robot service.

An alternative approach is for traders to build their own robots using their own entry points. A growing number of brokers now offer traders the ability to put their own trading robot or program together, using simple tools. These hacks allow combinations of technical analysis settings, such as moving averages, Bollinger bands or RSI / MFI patterns, that then open trades when those criteria are met. It has made binary options ‘pro’ robots available to everyone.

Top Robots

Robot Name Info
Choose from 20 pre-built robots and compare past performance. Activate automated trades in 3 steps. » Visit
Regulated broker. Self build robot tool offering huge range of features. » Visit
Free to join. Flexible settings including indicators, expiry and methods. » Visit
Free Demo Account. Choice of money management and algorithms. » Visit

Scams

Binary trading itself is legitimate, and not a scam. There are however, brokers and signal providers that are untrustworthy and operate scams or frauds.

It is important not to write off the concept of binary trading, purely based on dishonest brokers. These fraudsters continue to drag down the image of this form of trading. Regulators, and rule makers are slowly starting to get to grips with these operations and the industry is being cleaned up. If you want to complain about an operator to our watchdog, please let us know via our Contact Us page.

Avoid scams with these simple checks

  • “Make money online” or “Get rich quick” marketing. This is a huge red flag. Binary options are a high risk / high reward investment vehicle – they are not a get rich quick scheme and should not be sold as such. A “no loss” system does not exist. Operators making such claims are being dishonest. A binary options millionaire is almost certainly fake. The Brit Method is one high profile example – swerve it.
  • Cold Calls. Reputable brokers will rarely make cold calls – they do not need to. Cold calls are from untrustworthy brokers. This could include email contact.
  • Bonus Terms and Conditions. If taking a bonus, read the terms and conditions. Some terms include tying in any initial deposit or capital until turnover requirements are met. The deposit is still the trader’s money – honest brokers will not lay claim to it before any trading has been done. The better brokers will also offer the option of cancelling a bonus if it does not suit the trader. CySec, the leading regulator, has recently banned the use of deposit match bonuses as they believe it leads to clients ‘over-trading’.
  • Account Managers. Be very wary of any account manager, tipster or ‘guru’ wishing to trade on behalf of clients. There is an obvious conflict of interest – they have jobs with the broker. These managed accounts generally encourage traders to trade with figures way beyond their means. This “upselling” is very harmful. The intensely risky Martingale system is a frequent tactic, and results in many quickly blown balances.
  • Celebrity Endorsement. Sporting legends or team sponsorship is usually fine – and verifiable. Where this backing should worry rookie investors, is where the name of a mega rich billionaire or credible source is ‘pushed’ as a selling point. Warren Buffet, Richard Branson and Martin Lewis have all been presented as backing certain propositions when they actually have zero involvement – other than to sue the perpetrators for damages via a lawsuit.
  • A trader must know their broker. Seems obvious – but some operators ‘funnel’ clients to a brokers of their choosing, not yours. If the merchant demands new clients sign up with a particular broker, or they pick the broker from a limited list – do not proceed. A trader should know the broker they are going to trade with!

Being aware of the above methods should help those new to binary trading to avoid the less responsible brands. Improved regulation and more awareness should hopefully reduce these types of complaints. This in turn can allow binaries to move forward.

Already fallen victim? The services of MyChargeBack.com might be of help.

The recent ban of binaries in the EU is ill-thought out, and could well end up pushing more traders towards scams.

Trading Strategy

Our strategy pages covers over 20 known systems, drawn from a range of forum and club chats, plus expert tips and advice. From high risk Martingale, to intricate systems like the Rainbow. We also cover more specialist subjects, like forex , technical analysis, the best price action indicators, trading signals and winning strategy. All this is aimed to help you gain an edge, and win.

Signals

Signals are an alert, sent to traders. They are designed as a trading tool, helping traders to spot opportunities. They can be communicated via a range of methods – email, SMS or from a live signal website or group. Much of the irresponsible marketing associated with binary scams is linked to signals – or auto trading robots utilising them. There are some very good providers out there too. However, in general, learning how to trade binaries is a safer route than using signals to compensate for a lack of trading knowledge.

Do signals work?

Sometimes, but rarely in isolation. Some providers deliver a combination of education alongside signals and that represents a good mix. Traders must be able to fully assess a signal before they can judge the quality of them. We also highlight some of the best providers on the signals page.

Brokers And Reviews

A binary option can be used in a number of ways, and across a huge array of commodities and markets. This means finding the best dealer, best account, or best trading platform, really depends on the needs of the individual investor.

For example, some brokers may focus on forex (foreign exchange) and trading the Japanese Yen, Euro or sterling. Others may be strong on commodities and only offer a handful of FX markets. Likewise, the returns (or payouts) may differ between asset classes, and with these varying by as much as 25%, it is easy to see the importance of making the right selection.

Payment Methods

White label platform providers such as SpotOption, Tradologic or TechFinancials also dictate what products the host site can offer, so a proprietary broker with a bespoke design might be preferable. Payment methods merit some thought – if traders want to use Skrill, Paypal, Neteller or Wire transfer, they need to check the broker delivers that.

Trading Apps

Mobile trading apps delivered by brokers or binary agents can vary in quality too. Some specifically program for the features of specific models, like iPad or iPhone. Others ensure cross platform compatibility, catering for android, blackberry and windows tablets and devices. Some traders may have tailored demands for any hand held app, others less so.

Trade size limits may point some investors either to, or away from, certain trading accounts. Some brokers offer minimum trades of just £1, while others cater for investors willing to invest £200,000 in a single trade. So every investor needs to consider their own trading style before deciding to open an account. Even working out the ‘cheapest’ broker is not as easy as it sounds.

How To Compare The Best Trading Platforms

Our comparison table delivers a quick summary of the key points when comparing brokers. Our detailed reviews then allow potential new users to assess some of the finer points that might confirm their decision. Here is a list of some of the vital comparison points for brokers;

  • Payouts
  • Over the counter or exchange traded options
  • Minimum deposit (Plus deposit and withdrawal methods)
  • Minimum trade / Maximum trade
  • Trading platform
  • News events feeds
  • Asset lists (Extended lists might include ETFs, bonds and trusts)
  • Charts / Charting tools (Graph types, forecasting tools)
  • Expiry times available
  • Regulation (FCA, CySec, CFTC etc)
  • Range of options available (Boundary, Ladder, High Yield etc)
  • Welcome Bonuses
  • Complaints / Customer feedback
  • Account Types and Benefits (VIP, Basic, Platinum)
  • Plugins and Integration. (E.g. MT4 / MetaTrader4 / MetaTrader 5)
  • Promo perks, Competitions, Leaderboards or Contest Prizes

Some points might be more important to certain traders than others. So finding the “best” will be an individual choice for each new client. A speculator taking a position on the monetary policy of the Bank of England or ECB might be best served by one broker, while the person looking to bet on growth in the Apple, Facebook or Vodafone share price might want another.

Demo Accounts

Most top brokers offer demo trading accounts. These allow new clients to try the services on offer. They can see if the range of markets and investment scales suit them and only proceed to a funded account when they are happy that the right trading account has been found.

Those brokers that do provide practise or virtual balances, have confidence in their trading platform. They are prepared to let new traders see it, and try it out, risk free. The review for each broker will include whether it offers a demo in the “Key Details” section.

#1 Complete Guide to Binary Options

As a newcomer to the online trading world, you will come across several types of trading. One of them is binary options. It is slightly different from the other types of trading because it requires you to predict and bet on price movements of assets.

You have to be careful while trading on binary options. You must do your market research and chalk out your own strategies. The profits do come, but not without risks.

If you have never traded in binary options before, the following guide will help you to get started.

What are Binary Options? Understanding the Basics

Binary options have several names. Some of them are Forex or digital options, all-or-nothing options, barrier options, fixed-return options, and two-way options.

Investopedia defines binary options as: “A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or nothing at all if the option expires out of the money.”

The word “binary” indicates that traders must choose between the answers “yes” or “no” to the question of whether an asset’s price will be higher or lower than the established level at a given point of time.

Binary Trading – Is it a Sure Way to Make Money?

To put it very simple, binary trading is not a surefire way of making money. Some traders do make profits, but most of them just lose their investments.

But you can definitely make binary trading work for you if you understand exactly why traders lose their money. In the first place, they go in for low time-frame trading. They believe that strategies such as the 1 Minute, 5 Minutes, and 15 Minutes strategies really work.

The truth is that these strategies are associated with high risks although they promise huge profits.

Secondly, they sign up at binary brokers who operate without a valid license and require traders to make first deposits in the range of $100 to $250.

You can succeed with binary trading only if you follow these tips:

    Register only at licensed and reputed online binary options brokers. Understand the basics of binary trading. Create proper trading strategies based on your experience, study, and research. Avoid treating binary trading as a form of gambling and making predictions at random.

Binary Trading vs. Forex

To properly understand binary trading, you must also understand how it differs from forex trading. We take a look at some of these differences below:

    Duration of the Trade – You can exit a forex trade whenever you wish—at stop loss or take profit or depending on what you see in the financial news sites or charts. You cannot exit a binary options trade whenever you wish because you have to choose its expiry time when you purchase it. This could be anywhere from a minute to 60 minutes from the time of purchase. Of course, there are binary brokers who allow an early exit, but only if traders invest a higher amount. Risk vs. Reward – Forex traders who have chalked out a proper trading plan are fully in control of the associated risk and rewards. Binary traders can control their risks, but not their returns. Average binary trading comes with returns of 65% to 80%, indicating that the risk is definitely more than the reward. Cost of Trading – Forex trading is associated with spreads, commissions, and swap/rollovers. In case of binary trading, there are no spreads, commissions, or rollovers. Volatility – The forex market is full of surprise volatility caused by unexpected events, which can convert winning trades into losses. Such surprise volatility does not cause any harm to a binary trade as long as the trader makes a correct prediction. Making Errors – The possibilities of making a human error are higher in forex trading than in binary options trading, which is one of the chief reasons for the popularity of binary trading.

How to Trade Binary Options: Your Step-by-Step Guide

Here is your step-by-step guide to binary trading:

Step #1: Choose a Reliable Broker or Online Trading Platform

If you have already decided to trade in binary options, your first step is to choose a licensed, reputed, and reliable online trading platform or online broker.

Some of the highly recommended trading platforms are Olymp Trade, Binary.com and IQ Option. All of them allow new traders to open a demo account free of charge. Since they permit a minimum deposit in the range of $5 to $10, beginners can get started with minimum risks. In addition, they all have learning centers featuring video tutorials, webinars, eBooks, and one-to-one courses to educate beginners, intermediates, and experts in trading.

Step #2: Create a demo account

Create a demo account free of charge and test the online trading platform before you actually begin to trade for real.

Step #3: Get Educated

The top online trading platforms offer plenty of free resources to train, inform, and educate registered traders. These resources are in the form of webinars, eCourses, eBooks, video tutorials, high-quality articles, and so on.

Step #4: Practice Binary Trading

When you feel confident to buy trades, spend as little as possible. Avoid investing too much.

Step #5: Understand the Risks

Binary trading is fraught with risks. The leverage can work both for you and against you, so it is highly possible for you to lose all your money. Invest in binary trading only money that you can afford to lose.

Tips to Choose a Binary Options Broker or Platform

You have to compare a number of binary options brokers before actually signing up for the services of one. Irrespective of whether you are a seasoned trader or a beginner, you have to find a broker who can best meet your requirements. Since it is not easy to find a reliable online platform, you should spend a few days just to research a number of ratings and rankings.

Here are a few tips to help you choose the best binary options broker:

    Deposit Bonus – Binary options platforms offering the biggest bonuses also offer low minimum deposits. However, you will also come across brokers who offer low minimum deposits, but no bonus. Asset Classes – Trading platforms offer different classes of assets. While some offer just two or three, others offer up to six or more. You have to choose an online trading platform that offers the largest number of assets. You can always increase your profits by investing in multiple assets. Trading Tools – Make a study of the trading tools at different binary companies. You will come across free signals, indicators, calculators, and automatic trading features. You have to select a broker who offers the tools you require for successful binary trading. Demo Accounts – A demo account enables you to practice trading without risking any real money. It helps you to learn and grow as a trader and gives you the confidence to start trading for real. However, you must choose an online broker who offers a demo account for life. There are some brokers that offer demo accounts only for a limited period of time. Easy to Use – Sign up at an online trading platform that is easy to use as it will save you a lot of time.

Free Binary Options Learning Resources & Video Guides

The best binary options brokers not only offer a trading platform, but also a library of free educational material. You can not only trade, but also learn. Or you can sign up to learn before you start trading.

For example, Binary.com is home to the Binary Academy where you can read high-quality articles from experts, check out educational videos, watch the Binary TV, read the latest news, register for webinars, get weekly trading signals, read eBooks, and obtain daily market reports.

IQ Option is home to a number of trading tutorials and market news, which can better equip beginners for trading. And Olymp Trade has an Education Center with webinars, strategies, and trend indicators.

If you are a beginner, you don’t have to waste money on “premium courses” or “secret strategies,” which cannot really help. The wiser option is to just sign up at trading platforms such as Binary.com, Olymp Trade, or IQ Option and check out the free educational material there.

Finding Binary Options Strategies that Work

Beginners to binary trading often search for binary options strategies that work. But the simple truth is binary trading has no formula for success. You just cannot win all the time. In fact, you have to be prepared to lose most of the time.

You will come across strategies such as the 1 Minute Strategy, but you will ultimately learn that they don’t really work. They just promise you huge returns but mention nothing about the risks involved.

If you want to become a successful binary options trader, you have to create a strategy that will work for you, and you can do this only through regular study, market research, and practice.

A Word on Automatic Trading or Binary Robots

As you dive deeper into the sea of binary options trading, you will come across the concept of using trading robots. The idea of using a robot to make money for you while you sit back and relax is alluring. But if such a thing was possible, all of us would have become rich.

To put it very simply, you can only trust a robot you have created on your own. You will find several robots that use a variety of algorithms to trade and earn profits semi automatically or automatically. But you will be taking two types of risks if you purchase such a robot. First, the robot may not turn out to be as good as it was described. Second, the seller of the robot may be an unreliable company.

If you are still determined to use a robot, you may consider the following pros and cons:

Pros

    Robots work tirelessly and do not miss any opportunities. Robots do not trade emotionally. Robots are fast. You can use robots to find inexpensive or free signals.

Cons

    Since you have to connect the robot to your account, there is the possibility of someone accessing your information. Since the robot is not human, it lacks your creative mind. It is guided entirely by a fixed set of parameters and cannot be trusted to make decisions in unusual situations.

Experts suggest not using a robot at all. Instead, they advise traders to create their own strategies based on their trading style and their study of the market.

Binary Trading FAQs

Q1: Is binary trading legal?

A: The legality of binary trading depends on your country of residence. Some countries have banned binary trading, but others have legalized them.

Q2: Is binary trading a scam?

A: No, it isn’t. However, it is a type of financial betting that carries a lot of risks.

Q3: Is binary trading is form of gambling?

A: Binary trades are structured to resemble gambling, but on a closer look, they are just a yes/no trade. One can safely say that binary trading is a form of financial betting.

Q4: How does a broker get blacklisted?

A: Brokers get blacklisted when they operate without a license, force traders to make a very high first deposit, use aggressive selling strategies, and persuade traders to invest more money than they can afford.

Q5: How much money can you make in binary trading?

A: It depends on a number of factors. To make a lot of money, you have to take a lot of risks. And if you take a lot of risks, you may lose a lot of money. You can make the most of binary trading by keeping your emotions in check, managing your risks well, and continuously educating yourself.

Conclusion

The above information should be enough to get you to start trading, but we suggest that you trade with caution. Binary trading is not for the faint of heart and you should never start trading till you are prepared to handle all the risks associated with it.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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