1st Place! Best Binary Broker 2020!
Best Choice for Beginners — Free Education + Free Demo Acc!
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2nd place! Good choice!
Automated Trading Software
It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.
Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.
Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.
In this article, you will learn:
What binary option trading robots are The benefits of the best trading software How you can make more profit using them
How Robots Save Time
The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.
Choose a Robot Service
While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.
Download The Software
Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.
Sign-up With a Broker
In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.
Programme The Software
We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.
Sit Back, Relax And Enjoy
That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.
1st Place! Best Binary Broker 2020!
Best Choice for Beginners — Free Education + Free Demo Acc!
Sign-up and Get Big Bonus:
2nd place! Good choice!
Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.
How Binary Robots Work
The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.
Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.
Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.
Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.
Benefits of Automation
Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert
There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.
This software uses complex mathematical algorithms to examine market data.
How to Find Legit Software
Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.
We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.
We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.
Frequently Asked Questions
Is robot software reliable and trustworthy?
Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.
Can they predict the right trades to make?
Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.
Will I need to pay money for good software?
No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.
What if my trading robot gets it wrong?
Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.
How do I find the best software to use?
That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.
Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.
Binary Options Robot Review
- Bonuses: 70/100
- Software: 95/100
- Customer Support: 90/100
- Options Choice: 80/100
- Overall: 90/100
We rated the bonus section a modest 70/100 since Binary Options Robot does not offer any additional bonuses. For the trading software, it rated a very high score of 95/100 because of the sophistication and ease of use of the software. Customer support earned a high score due to its professionality, availability and number of languages offered. As for the option choice, it also scored a relatively high score due to the standard extent of choices offered by Binary Options Robot.
Binary Options Robot Introduction
Have you ever been so overwhelmed with the types of strategies available for trading binary options, you just don’t know what to do? You are not alone, many traders become overwhelmed and feel uneducated with their decisions. The truth is, you must conduct extensive research, constantly watch the markets, analyze charts, review strategies and implement them till one works. All this is very overwhelming to many traders wanting to break into the binary options trading industry. Thankfully, software has been developed to make these tough decisions for you and choose the right strategies for your trading needs. The innovative software mentioned is called Binary Options Robot. This company has grown to become one of the most popular automated trading software products in the industry.
Binary Options Robot is a Denmark based company being established in 2020. The company is known and advertised as the best binary options trading robot in the industry. They have one numerous awards for their service including best binary options trading robot awards in year after year. The company is not a broker in itself, but rather a software that can be utilized with various brokers. Many top reliable and regulated brokers in the EU utilize Binary Options Robots software.
Some of the best trading platforms that utilize the Binary Options Robot software are:
Binary Options Robot utilizes their very own strategies that are different from most other trading software companies. Most other software uses the well-known Martingale and Fibonacci Systems. The strategies implemented by Binary Options Robot are; Wise Growth Strategy, Perfect Pitch Method, High Yield Systems, and the Capital Gain Cue. One of these trading strategies must be selected by the trader in order to commence automatic trading.
In addition to the trading strategies, the software also has an array of algorithms and indicators for traders to pay attention too. This allows traders the opportunity to make some market based decisions rather than completely automated. Some popular indicators and algorithms include: the Trend Indicator, the Commodity Channel (CCI), and the Williams algorithm.
Mobile trading is of the upmost importance in today’s modern trading world. Without the ability to trade on the go, away from your desktop, today’s trader would be at a significant disadvantage. For this reason, Binary Options Robot is available to be used on mobile devices. The software is compatible with both Apple and Android devices, including smartphones and tablets. Users can access the software through the BinaryOptionsRobot.com website as well as through downloadable apps. The apps is a unique feature that some other trading robots do not utilize.
The assets available with Binary Options Robot vary from broker to broker, it depends who the trader decides to trade with. However, the software does offer assets that are the same no matter which broker you choose. There are around 50 tradeable assets that are offered across the board of the 10 major brokers compatible with Binary Options Robot. These assets are encompassing the 4 major categories of Currencies, Commodities, Stocks and Indices. The most popular method of automated trading with Binary Options Robot is the trading of currencies, and there are a total of 11 available currency assets with the software.
Fees and Payouts
Traders are blessed with the use of the Binary Options Robot software for free. There are no fees involved, but traders are usually required to deposit a minimum of $250. As well, the standard minimum trade amount is $25, however this may vary from broker to broker, from $5 all the way up to $50. The minimum deposit of $250 can be considered quite high compared to many binary options brokers. This is unfortunate when you trade with a broker who only has a minimum deposit of $10 but are required to deposit $250 to begin trading with the software.
Bonuses & Account Types
Traders who want to benefit from various account types and bonuses must do so with the broker they choose. Binary Options Robot does not offer traders any bonuses since it is basically an additional feature for automated trading that is implemented with the broker you choose. Also, there is no demo account for traders to test out the software, however there are many instructional videos to give traders an idea of how the software works.
Deposits and Withdrawals
Since Binary Options Robot is not a broker but an automated trading software, the minimum deposit amount depends on the broker. Most brokers require a minimum deposit of $250. The same applies for withdrawals, it depends on the broker. Deposit and withdrawal methods are much the same for most brokers. Some common methods include; Bank Wire Transfer, Visa, MasterCard, Maestro, PayPal, Qiwi, Yandex, Neteller, UKash, iDeal, Skrill, and Moneybookers. These methods vary from broker to broker, but are common methods in the industry.
Binary Options Robot has excellent customer support that is available 7 days a week from 8am to 10pm. The support is very professional and responsive with knowledgeable and friendly staff. The only downfall is the number of support options, limited to an online web form and an online live chat system. However, these support systems are of top quality service and are offered in 25 different languages to meet clients needs from around the world.
Extra Features and Resources
A very nice feature of the Binary Options Robot software is the opportunity for clients to manage their risk by setting their own risk level. As well, traders can choose between 4 different types of automatic investment strategies. Another nice feature are the algorithms and indicators available for traders to add some of their own strategy and knowledge into the automated trading. The site does not feature any educational material, but the brokers who utilise Binary Options Robots software often have quality educational resources.
Binary Options Robot might just be the best automated trading robot in the industry. The software has won a number of awards since its creation in 2020, and has proven itself to be quite lucrative with an average win rate of around 80%. The software is very user-friendly and easy to use for both beginner and experienced traders. As well, their customer service is quite excellent, except for the limited support options available. All in all, Binary Options Robot is an excellent automated trading tool which can be very lucrative for traders who don’t have the time or knowledge for trading.
- Simple and easy to use software
- Online web-based platform and mobile applications
- Excellent customer support
- Compatible with at least 10 different brokers
- Works only with licensed and regulated brokers
- An easy way to make profits with no effort
- Award winning robot
- Multilingual website
- Does not accept American traders
- Customer support not available 24/7
Is Binary Options Robot regulated?
The software is used with only licenced and regulated brokers.
What methods can I use to deposit funds at Binary Options Robot?
Traders can use any of the methods available by the broker they deal with.
Does Binary Options Robot accept international traders?
Yes, but they do not accept traders from the United States.
Are there any fees associated with Binary Options Robot?
No, it is free to use the software.
What is the minimum initial deposit requirement at Binary Options Robot?
It depends on the broker, but most brokers compatible with the software have a minimum deposit of $250.
Best Binary Options Brokers
Welcome to Binary Options Robots UK – We are the #1 guide to binary options trading, brokers and robots. Take a look at the best UK binary options brokers and trading robots below.
Best UK Binary Options Robot
There are several binary options robots out there, but not all of the work as advertised. Here are the best binary auto trading software that we have tested:
|Rank||Robot||Min. Deposit||Avg. Accuracy||Features||Review|
|$200||83%||+ FREE ROBOT||FREE ACCOUNT|
BinaryOptionRobot is simply the best binary option robot. The software is free, if you sign up through one of their recommended binary options brokers. The average success rate is above 80%.
Best UK Binary Options Brokers
|Rank||Broker||Min. Deposit||Max Returns||Features||Review||$50||200%*||+ $50 CASHBACK||TRADE NOW**||$10||92%*||+ DEMO ACCOUNT||TRADE NOW**|
*In case of a successful trade
**Risk warning: You can lose your invested capital
What is Automated Binary Options Trading?
Let’s take a look at the traditional way of engaging in this form of trading. First, you decide on the asset you would like to trade with. Then you find a broker that deals with such an asset class. After this, you look at the conditions that are ideal for your type of trade and then you place the trade.
With automated binary options trading, you no longer have to make such an effort. This is because the software places the trades for you. This can either be with little or no input from you. You may be wondering how this happens. For Aussie binary brokers visit Binary Options Australia.
Well, this takes place through a binary options robot. While they are termed ‘robots’ the real definition of such an entity is a computer program. These programs take over your account and place trades for you.
How Does A Binary Options Robot Work?
Think of what happens before you place a trade. You don’t make a prediction based on a gut feeling. Instead, you look at market analysis, past situations, and many other factors. The final decision that you make is based on all of this valid data. This is how a binary options robot functions as well. The program analyses the market conditions and determines whether or not it is a profitable opportunity. If the program determines that it is, it will place the trade.
Of course, there are certain restrictions that you can place on your binary options robot. For instance, you will be able to decide just how much money will be placed on each trade. You will also have a say in what assets are invested in as well as some other aspects. Therefore, you can ensure that the robot operates within boundaries that you feel comfortable with.
What Are the Advantages of Binary Options Robots?
There are many traders who prefer to engage in binary options trading the old fashioned way. Nonetheless, there are many advantages to using binary options robots. For instance, they tend to a lot more precise in analyzing and executing trades. Unlike with people, there is no chance of human error occurring. This is especially true in the case of hunches or gut feelings. A robot has none of these and only follows the facts and trends.
It is also a good choice for a trader who is quite new to binary options trading and is still learning strategies and key information. This method will allow such an individual to begin making a profit even in the early stages of trading. Last but not least, with a binary options robot, traders have a much larger opportunity to make money. They can deal with markets that are based in a different time zone and ensure that trades are being placed even when they are not around a digital device.
This is some of the more important information that you should be aware of regarding binary options robots.
It is easy to be preoccupied, maybe a shade obsessed, about defining and fine-tuning a rock solid trading strategy that rakes in consistent profits.
Too easy in fact, that you may just as easily lose sight of one important variable in the ‘binary options success’ equation—a reputable binary options broker that is right for you.
The key phrase is “right for you.” Numerous reputable brokers abound that may not offer a favorable environment for you to achieve success. For example, a reputable broker may not accept new clients from your country, and not lose one ounce of their reputation.
In the next section, we discuss the most important factors to look out for when making a choice.
How To Choose A UK Binary Options Broker
1. Country Support
It is a no-brainer. If a broker does not allow prospects from your country to open an account, all of the goodies offered by the broker are off-limits to you.
Typically, U.S. traders are the primary target of the advice to check for country support before exploring other offerings from a broker—most reputable binary options brokers do not accept U.S. traders.
However, the advice is useful for a rising number of nationals. Binary Options Brokers are increasingly closing their doors to traders from Japan, Indonesia, Turkey et cetera, chiefly because of recent laws.
2. Trading Options
- Types of UK Binary Options: The most familiar form of binary options is deciding if an asset would or would not reach and/or cross a specified price after a set period. Investors/Brokers use different terms to describe this form—Call/Put Option, Up/Down Option, or Digital Option.Other types of Options exist. Two other popular types are the [One] Touch Option and the Boundary/Range Option. Different traders swear by different forms of options. Unfortunately, brokers are often selective of the types they offer. Therefore, if you are fond of a not-too-popular form of Option, you should ensure that the broker you plan to open an account with offers it.
- Expiry Times:All binary option forms revolve around expiry times. It is important that expiry times are extensive. Some traders are more into long-term options (up to one month or more), while others prefer short-term options (as low as 60 seconds). You should find out the range of expiry times available to confirm that your preferred expiry time is within the supported range.
- Assets: The number and variety of assets supported by brokers are increasing by the day. Some brokers already support over 200 assets, while some support less than 100 assets. Assets often fall into either of four categories—currencies, stocks, indices, and commodities. If you have a preferred asset type that is crucial to your strategy, you should ensure that your broker supports it. Typically, brokers maintain an “Assets” page on their website with a list of supported assets. Unfortunately, these assets are not often up to date, as assets are added frequently. Your best bet is to contact the customer service for accurate information.
3. Binary Option Robot Support
If you plan on using a binary options trading robot, then you will have to find a broker that is compatible with such a broker. The easiest way is to sign up with one of the binary options robots recommended on this page. Most auto trading software are free to use if you sign up via a broker they recommend.
Technology and its progress has an impact on many different financial processes and trading. Well, binary options trading is no different. Due to the innovations in technology, more and more processes are becoming automated.
This means that computer programs are now able to do what was once only possible by humans. This has now been introduced into the world of binary options trading as well. This is with automated binary options trading and binary options robots.
Why not start today? Check out OptionRobot to get started.
4 Best Binary Options Robots 2020
Binary options trading has continued to gain popularity over the current decade. More and more people are getting into binary options hoping to make a steady income from it. Some are succeeding, but many do not succeed. A good number of those trading in binary options have employed the services of a binary options trading robot. What is binary option robot? It is a robot that you feed with your strategy and it makes the trades on your behalf. The robot observes the fed signals and indicators and makes the trades the way you would. People with no strategy mainly depend on the binary options robot platform signals. That’s not a very good idea though (we will see why later on). So, which are the best trading robots? Which are the legit binary options robots?
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We are going explore various binary options trading robots, in one of the best binary option robot reviews. We will look at the results they produce under various circumstances, and try to make an objective judgment about their suitability. Binary options robot allows you to trade even when not sitting at your computer. You will not be able to sit at your computer’s screen 24/7. While you are not there, there might be a great signal or indicator that you would be certain can lead to a profitable trade. Binary options keep on the lookout for such so that you don’t miss out on a potential chance of profiting.
Binary options robots also allow you to mitigate the risks your money is exposed to. For instance, you can decide that you can only lose a certain amount a day. Let’s say you have a remaining deposit of $1000 at the start of the day. You can instruct the robot to stop trading when you lose 20% of the starting deposit. The robot will stop trading when you lose $200. Obviously, the strategy is not working. You get a chance to come and review your strategy, instead of risking losing all your money. Let’s review five of the most popular binary options robots and see how they perform. We compiled the best binary option robot list, based on their online presence. Do they really deliver? We will find out.
Best Binary Option Robots 2020 Comparison Table
|Binary Options Robot||Minimum deposit ($)||Minimum Stake ($)||Winning Rate|
Optionrobot is one of the most popular binary options robots. Optionrobot allows you to set up indicator according to your strategy, which it then uses to generate signals and execute trades directly on your broker’s account. Optionrobot offers either high-risk fast profits, accurate, or safe and secure money management strategies. You can incorporate other aspects of your strategy in while setting up the indicators. At the moment, Optionrobot offers currency pairs only as the trading assets.
Enlisting for the services of Optionrobot is quite simple. You just need to visit one of their platforms and sign up for an account. Optionrobot operates both proprietary web and App platforms. Once you have an account you will need to select a binary options brokers that you want to work with. Optionrobot works with nine binary options brokers. There are several factors you should consider before settling on a particular broker. Optionrobot offers you the chance to trade with the following binary options brokers.
- Brighter Trade
- eMarkets Trade
- Capital Traders
- Ashford Investments
- Greenfields Capital
You can trade with any of the binary options traders above depending on how suitable they are for you. You will then make the minimum deposit as required by the binary options brokers. The different brokers require different minimum deposits. The minimum deposit for a majority of the brokers on Optionrobot is $250. eMarkets Trade has the largest minimum deposit. It requires up to $2500 for you to get a trading account. Optionrobot encourages its traders to start with a minimum deposit of at least $500. The minimum trade amount on Optionrobot is $5. It is uniform for all the brokers. Optionrobot is said to have an accuracy rate of 83%. That’s an impressive accuracy. You are guaranteed profits if at all it is that accurate. So, is it really that good? Let’s explore the various settings you can make on Optionrobot and try to draw a conclusion.
You as the trader, have the right to choose which indicators you want to trade with. Optionrobot offers you six types of indicators to choose from. You can work with one or several. The indicators are;
- Trend – this indicator uses the overall performance strategy. It observes the current trend of the chosen asset to determine whether it’s a time for a call or put.
- MACD – the MACD (Moving Average Convergence Divergence) indicator is normally used hand in hand with the Trend Indicator. The indicator uses the technical analysis strategy. It observes the discrepancies between two moving averages and compares them to a time in history with similar circumstances, and makes predictions based on the results.
- RSI (Relative Strength Index) – the RSI indicator keeps tabs on price movements. High prices are an indication to sell, while low prices are an indication to buy.
- STOCH – STOCH is an indicator system created by Dr. George Lane. The system keeps tabs on the market conditions’ speed and momentum.
- CCI (Commodity Channel Index) – This indicator bases every judgment on average calculations over a long duration.
- WILLIAMS – this indicator is quite similar to the RSI. It keeps an eye on undersold areas and takes advantage of them. It normally involves trading over short durations.
The trading methods on Optionrobot are basically money management strategies. They are three;
- Classic- this is the safe and secure strategy
- Martingale – this is the high-risk faster profits strategy
- Fibonacci – this is the high accuracy strategy. It’s a middle ground between the latter two
The choice of trading indicators and trading methods on Optionrobot gives you a certain level of control over your trades. Therefore, your success will largely depend on your strategy. Given that you have a working strategy, the 83% promised by Optionrobot is still farfetched. Always keep in your mind that a binary options broker will not work with a robot that’s winning all the trades, because it means losses for them. That being said, you could still end up in profits with Optionrobot if you have a very robust strategy. Optionrobot offers you one of the best binary option robot auto trading software.
2) FX. Masterbot
Masterbot is yet another very popular binary options robot. It works similar to the Optionrobot in many ways. At the moment, FX. Masterbot offers 17 currency pairs and 5 cryptocurrencies only, as the assets you can trade with. FX. Masterbot was launched in December 2020 and has gained a lot of popularity. Part of that popularity is massive claims that it is a scam. An equally massive section of the web claims its one of the best binary options robots around. That should tell you something, there is a good number of people who have profited using FX. Masterbot and are excited about it, whereas a good number has also lost their investment and are feeling disgruntled. Let’s try to bust the myths and misconceptions. Is FX. Masterbot legit? Can you profit from it?
To understand how FX. Masterbot works, let’s explore a few aspects of FX. Masterbot
FX. Masterbot Account
Masterbot offers three types of accounts depending on the amount of money you have for the minimum deposit. FX. Masterbot will make the deposit to the binary options broker you choose on your behalf. The three accounts on FX. Masterbot are;
1) Novice – this is the cheapest account on FX. Masterbot. This account attracts a minimum deposit of $250. The account’s privileges are;
- 3 currency pairs
- Multiple brokers
- Leaderboard multiplier x1
- 3 open trades
- Free signals
2) Expert – this is a more advanced account. It requires a minimum deposit of $500. The accounts attract the following perks.
- 9 currency pairs
- Leaderboard multiplier x2
- Auto trading
- Advanced settings
- Unlimited open trades
- Multiple brokers
3) Master – this is the most advanced account. It attracts a minimum deposit of $1000. This account offers you the following perks.
- 17 currency pairs
- Leaderboard multiplier x3
- Unlimited open trades
- Multiple brokers
- VIP customer support
- Advanced settings
FX. Masterbot works with several binary options brokers. Among the most notable are 24Option and EuropeFX. Both of these brokers are licensed by CySEC. That gives a bit of reassurance that FX. Masterbot is legit, but not a guarantee. 24Option is a renowned binary options broker and would not want to taint its reputation by working with a scam binary options robot. That’s not a guarantee that it is legit though. It is important to note that, unlike brokers, binary options robots are under no obligation to get licensed. You engage them at your own discretion.
The platform claims that it cannot calculate and publish any exact results of the winning rate of the robot because there are too many variables in play.
FX. Masterbot provides the signals and the robots acts on the signals. These signals are generated by FX. Masterbot. You have no choice of trade indicators. You only set up the risk levels, trade durations, and the minimum stake you want to work with. You, therefore, employ no strategy. The trades and judgments are made solely by FX. Masterbot algorithms. You need to download the FX. Masterbot’s binary option robot auto trading software to get the auto-trading feature.
You have a little bit of control on FX. Masterbot, thanks to the reverse trade feature. The feature allows you to set the robot to do the opposite of what it would normally do when reacting to certain signals if you notice you are only losing. That does not guarantee that you will start winning though.
So, is FX. Masterbot legit? We can’t say with certainty, but we can make an objective judgment based on several factors. As mentioned earlier, binary options robots are under no obligation to be licensed. That’s why you can never really tell whether a robot is legit or not. The judgment is however based on their operations and the results.
First, the fact the FX. Masterbot publishes no average winning rate. That is a red flag, in as much as most of the other robots publish false winning rate. Why? they simply don’t want to commit. There are a number of reviews putting it at 90%. That’s quite far-fetched.
Second, the trades made by the robot are solely by FX. Masterbot algorithm. It gives you no chance of employing any strategies of tactics, even when you have some analytical skills. That’s not so nice either. You can choose to trade manually though.
Third, The FX. Masterbot landing page has very scanty information Based on the aspects above, our verdict is the FX. Masterbot is more likely a scam than not. That is quite debatable though. None of these aspects stop it from being one of the most popular binary options robots. So, it must be working for some people. It might as well be the best binary option robot machine.
Binaryrobot365 is yet another acclaimed binary options robot. Binaryrobot365 busted into the scene just over a year ago. It has gained massive popularity since then. One of the good things about it is that you don’t have to complete any binary option robot software downloads to get access to the services. There are as many praises about it, just as there are many call-outs of it being a scam. The robot promises up to 90% winning rate. If you have substantial knowledge of binary options trading, then you know how far-fetched that is. They only put that because it is hypothetically possible. Realistically, is almost impossible since based statistically the probability of getting a 90% winning rate is next to zero. Having said that, is Binaryrobot365 legit? How do its services compare? Let’s explore.
Signing up on the Binaryrobot365 platform is easy and straightforward. Binaryrobot365 accounts are free there are not account packages. All accounts are similar. Once you have an account, you choose that binary options brokers you want to work with. It works with a couple of brokers. The brokers include;
- 24Option: $250
- BDSwiss: $100
- Stern Option: $250
- Dinero Libre: $250 (the US only)
- EmpireOption: $200
- PlusOption: $250
- StockPair: $250
The amounts indicated beside the brokers are the minimum deposits for the respective brokers. Binary Options works with some highly reputable and trusted brokers. That goes a long way toward providing some reassurance that it is legit. It is not a guarantee that it is legit though. For instance, Dinero Libre is under very strict laws and regulations. Brokers engaging US resident must subtribe to the tight laws of US binary options regulators. It would never want to taint its reputation by getting involved with a scam system. It would be risking getting de-licensed too if it did.
Binaryrobot365 allows you to either use their systems and trade automatically (based on their algorithms) or the robots to according to your strategy. You can also choose to trade manually. Binaryrobot365 incorporates all the trade indicators and methods available. You can use them to set up a robot working with your own strategy. It has;
Binaryrobot365 also has a stop-loss and risk feature. The feature allows you to mitigate risks and ensure you don’t lose a lot of money while the robot keeps trading. You can set it up to send you a notification when you lose a certain amount, or even deactivate the robot from trading further. The indicators and methods and the risk mitigation features make up the best settings for the binary option robot. Binaryrobot365 also offers you a binary option robot demo account, to experiment first, before you get involved.
Binaryrobot365 employs the same old tricks of trying to get traders on board by any means whatsoever. They have these testimonials on their platform claim to have huge profits trading with Binaryrobot365. You should know these testimonials are nothing to go by.
They also have this huge disclaimer of how their robot has a winning rate of 90%. Nothing can be further from the truth. Binary options cannot be predicted with 100% certainty. The difference between wins an loses id always very thin. Note that your money does not double when you win. A majority of the brokers offer 85% profit on the staked amount. You have to win over 60% of your trades to profit. Rough estimates give the highest-profiting traders in binary options a winning rate of 70%.
All indications point at Binaryrobot365 being a legit binary option robot. The fact that they let you set up the robot using your own strategy is great. You also get to mitigate the risks hovering around your remaining balance. However, you should not sign up expecting to double up your investment quick. You go to have your strategy right just as you need it without the robot, to stand a chance. Anyone getting involved without a strategy might be in for a rough ride. All the same, it is one of the best auto trading software.
Cryptorobot365 is yet another typical binary options trading robot. In fact, Cryptorobot365 is an exact replica of Binaryrobot365, only that its trading assets are cryptocurrencies only. You trade with cryptocurrency assets such as bitcoin, Monero, Litecoin, Ethereum, and others. There are a lot of call-outs of Cryptorobot365 being a scam due to its almost identical features to those of Binaryrobot365. Cryptorobot does not lay claim to any winning rate though. That’s both a bad thing and a good thing. It is a bad thing because it shows some unwillingness to commit. It is a good thing because it shows that they are not looking to entice people with promises of high profits. Let’s explore it and draw our own conclusions.
Cryptorobot365 trading account
There is not much to explain about Cryptorobot365’s trading account. You just fill up the sign-up form, and you are in. You will then choose a binary options trading broker from the list provided, and make the required minimum deposit. Cryptorobot365 works with the following binary options brokers;
- Ashford Investments
- Capital Traders
- Olsson Capital
Most of these accounts have $250 as the minimum deposit and $25 as the minimum investment. Unfortunately, most of these binary option robot brokers, if not all, are not licensed. That’s a major red flag. It does not necessarily mean Cryptorobot365 is a scam. It says you probably need to tread very carefully while engaging with it. Even when engaging binary options brokers directly, it is prudent to go for the licensed and regulated ones. A binary options robot that has only unlicensed brokers, does not leave behind very little to be desired if any.
On a brighter side, Cryptorobot365 allows you to set up the robot according to your own strategy. It has the trade indicators and methods that allow you to do so.
The trade indicators and methods allow you to set up the robot with your own strategy. You do not depend on the whims of Cryptorobot365’s algorithms. Cryptorobot365 only offers you the service of executing trades when you are not available. You can also choose Cryptorobot365’s automated binary options trading. You can also use their signals and trade manually. If you are an experienced trader, you will tell with time whether their signals are legit, and or whether they are working for you.
Cryptorobot365 make it really had to call a shot regarding its legitimacy. You will be on a safer side if you are trading on your own strategy. Based on various factors, we believe you will most likely lose than not if you have no strategy and are depending on Cryptorobot365’s algorithms. Please note that you might also lose even if you have a strategy. It depends on whether you have the right strategy.
Cryptorobot365 have tried to avoid giving the impression quick profits. Their landing page has not testimonials or any claims of their clients earning a certain amount. One, that might mean that there actually no one making more using them. Two, it might mean that they are simply trying to remain realistic and not offer you unrealistic promised, only for you to get disappointed later. A number of reviews put the winning rate at 90%. It is prudent to always quickly disregard any such claims.
We will base our answer to the question of legitimacy on whether you can make profits using the robot all not. Can you make profits? Yes, you can, if you play your cards right. Have a robust working strategy, then set up the robot to execute the trades for you. Therefore, from an angle of Cryptorobot365 offering you convenience in the way you trade, yes, it is legit. If you are hoping Cryptorobot365 will be making money for you as you do nothing, we are sorry to tell you that you are in for a rude shock. Having said that, Cryptorobot365 is still one of the best automated trading software.
Factors To Consider When Choosing A Binary Options Robot
Lately, there have been a lot of binary options robots sprouting everywhere. It is interesting that after decades of people struggling with making money with binary options trading, so many people have magically found a way to make the trade profitable. We are by no means implying that the trade cannot be profitable. We are saying, making money from binary options trading might not be as easy as many advertisers try to make it look. We like to insist on having some analytical skills and using them to come up with a strategy. Depending on luck alone is spelling doom for yourself, as far as binary options robots are concerned. The trading robots that work are the ones that you have the right to tell what to do.
When it comes to binary options trading, we recommended that you use them to ensure you don’t miss a potentially profitable trade, while you are away from your computer. Woe unto those who think they can just set up a robot and make money with zero skills and doing nothing. That time has not come yet. Any site claiming that you can set up a robot with zero skills and profit is most likely looking to just scam you off. Ask yourself, why wouldn’t the makers of the robots just trade with the robot themselves if they are so good? Why do they need to spend so much time, energy, and resources to persuade people to enlist?
Having said that, the robot is still useful. You can use them to make your trading convenient. You would continue trading even when you are not at your computer’s screen. Before you choose any binary options robot, consider the following factors.
Are Brokers Licensed
The binary options brokers use different binary options brokers. In any case, it is always prudent to go with licensed binary brokers. As such, it is also advisable that you go with binary options robots that engage licensed binary options brokers. They are trustworthy. Please note that binary options robots, unlike binary options brokers, are under no obligation to get licensed.
Trade Indicators and Methods
It is important that your binary options robot offer allows you to incorporate the various trade indicators and methods in your robot. This allows you to set up the robot to act as you would in various circumstances. Any automatic robot that uses the system’s algorithms strips you of any control in the trade. If the party making the trade for you is partners with another party that would rather see you lose that win, then its easy to understand how slim your chances of winning from such are.
The bottom line is that binary options robots should do what you would do if you were at your computer’s screen. It better to lose and know it’s because you made wrong judgments, then lose and not know what happened. Whether you are trading with a robot or manually, the notion being sold that anyone even those with no knowledge of financial markets can profit from binary options is a fallacy. Does that mean you can find a binary trading software that works? Neither a software nor anybody will work for you if you know anything. That does not mean that you cannot learn how to read and analyze financial markets’ charts and draw logical conclusions from them and the factors affecting them. After going through the review, you should realize its best you leaned binary options trading strategies than spending time wondering what is the best binary option robot.
Below is a binary option robot comparison table.
The best trading robot
Top 5 users for April 2020
Below you can see the results of the top 5 users on BinaryRobot365.com. When you login to the binary robot, you can choose your own settings and aim to achieve similar results as the users below.
Benefits of using our binary options robot
What you get.
Many of our users generate up to 90% win-rate with their strategies and systems using our binary option robot.
Our Binary robot software is incredibly simple. You just need to open an account, click on AutoTrade and the option robot will start working straight away!
You can configure your own options robot trading strategy and indicators to get the maximum win-rate for your trades.
Our Binary robot will automatically place trades in your account for you. This allows you to to trade around the clock without having to download or install any software.
Reduce your losses with our advanced stop-loss system alerts. You can set you losses by day to avoid drawdowns.
Our options robot works with a number of different brokers. Choose a new broker from the dropdown menu when you sign up.
Best Binary Robot – Get Started Now!
It’s as simple as 1, 2, 3.
Open and fund an account in seconds with one of our selected brokers.
Adjust your settings, trade amount and other settings.
Enjoy the profits made on your broker account with our auto-trading technology.
Which one is for you?
You can choose from the most popular indicators below to create your own strategy. Our system is compatible with the following 6 indicators:
You can create your own strategy using any of the 6 popular trading indicators below. We give you full control of your binary robot account, risk-reward ratio and strategy for placing automatic trades.
See our frequently asked questions below!
A Binary option is an option that has two types of outcome: win or lose. When a user wins a trade in binary options with our binary robot, they will received a predetermined and fixed payout, given to them by their broker.
For example, if the payout is 90% and the user bets $100 that the price of an asset to increase in a given time period, they will win $90 is the asset increases in price, or lose the initial $100 if the price goes in the oppostie direction.
A binary options robot is trading software or an algorithm developed using modern technical indicators specifically for the purpose of automating binary trading. For those who are familiar with Expert Advisers in Forex, a binary options robot is in a way, similar to EAs.
Binary robots are developed to assist novice traders trying to learn the ropes in binary options to make profits as they gain experience. However, this does not mean that experienced traders are forbidden to capitalize on the software—in fact—binary options robots are used widely by those who consider themselves to be experts in the market.
While EAs have been around for decades, binary options robots only began to crop up in the early 2020s. Since then, they have continued to attract many players in the binary options market as their popularity continues to soar. Most binary options robots are not regulated, but most partner brokers that they work with have various regulations.
Binary options robots have nothing mechanical about them. They are not some sort of machines like many would imagine when the first hear about them. However, they are designed to execute certain instructions on their own and that’s how they get the name robot.
There are two main types of binary robots. There are those are downloadable and those that are entirely web-based.
Downloadable binary Options robots
These binary options robots are designed in such a way that traders can easily download and save them on their desktops. They are the least popular when you compare them with their web-based counterparts but have more or less the same operating capabilities.
Most of these downloadable binary options use three distinct trading systems to provide traders with a variety of options depending on their risk appetites, experience and trading capital. These are the Classic system, the Martingale, and Fibonacci trading system. Ideally the robot usually has a list of partner brokers from which the traders can apply automated trading. Traders must choose their preferred broker from the list and then download the robot to their computers.
The funds deposited with their broker can then be accessed via the robot’s trading dashboard from which they can choose which assets, what amount, and the timeframes to apply automated trading. They can also adjust which indicators that the robot can use when picking and executing trades on their behalf.
Some of the indicators to choose from include the MACD, the Parabolic SAR, and Relative Strength Index, among others. Traders can always adjust their preferred indicators to use on different assets and can always deactivate automated trading by unchecking the option on the robots trading dashboard.
Web-based binary options robots
With the web-based versions of binary option robots, traders basically do not need to download any software. Everything is done on the web, which is much easier given the fact that binary options brokerage platforms are web-based. As such, most of these robots are offered by binary options brokers and are varied in nature.
There are those that when it comes to trading, have similar capabilities to the downloadable type of binary options robots, which means that the process is pretty much similar bar the download part. The other common type in the web-based version of binary options robots is more about social/copy trading thereby enabling traders to copy trades of their colleagues for various time frames. This type requires traders to select which experts to follow carefully because their gains are dependent on the success of the trades they follow/copy.
Binary options robots have proven time and again that they can provide a better avenue for novice traders looking to make money in the market. However, just as most providers will tend to point out in the disclaimer; past results cannot be used as a basis to guarantee future returns.
Nonetheless, there are specific performance thresholds that traders use against any provider’s past performance results before signing up for a premium service.
For instance, in order to make money in binary options using a binary options robot, the robot must attain at least 60% average win-rate. This is because most option types listed on various brokerage platforms offer traders a payout of about 85%.
This means that if your trade expires in the money, you do not double your investment in that particular asset, but rather, you are credited with 85%. If the return was 100%, then a win-rate of just 55% would be enough to make you money in binary options.
As such, it is always recommended that even if you choose to use a binary options robot, you try to us a binary options broker that offers the best payout. The higher the average payout per trade, the lower the win-rate will be required for you to make money.
Additionally, in order to make money with a binary options robot, it is important that you make sure that the provider you choose can be trusted. Most binary robots providers promise high win-rates to their traders, only for the traders to end being duped.
In order to avoid falling in such traps, it’s paramount that you do due diligence analysis on the provider. Check whether there are any scam reports about the provider, otherwise your attempt to make money using a binary option robot could turn out to be the worst trading decision you ever made.
Most binary options robots rely on technical indicators to pick out traders, but there are others that incorporate custom algorithms which help them to filter certain market moving events that can result in catastrophic losses. Therefore, when choosing your binary options robot service provider, be on the watch out to check whether the robot is designed to filter such events.
Since robots are technically developed, their ability to accurately predict price or exchange rate movements depends on empirical events. As such, market events that cannot be accurately quantified and factored into the trading robot cannot be included. This is why a binary options robot that’s likely to make you money in the binary options market will always list the ability to halt trading during such market events as one of its main features.
As for robots that do not have this functionality, traders can always halt trading manually by deactivating the autotrading feature on the binary options robot’s trading dashboard. After the event and its predicted impact have passed, the trader can then resume automated trading and watch the system make money depending on the average win-rate.
Again, it’s important to note that some robots help traders to make money on a regular basis while others can go on a draught. So patience may be required at times.
Using BinaryRobot365.com is very easy. All you need to do is open an account and switch the ‘AutoTrading’ button to ‘ON’. This will then trade on your account remotely.
You can also customize the settings of the indicators and strategies used by the indicators to give you full control of your account.
There is no specific regulation set for binary options robots, but depending on the provider of the given service, there are those that are actually regulated.
For instance, most binary options brokers are run by holding companies that have obtained financial derivatives trading licenses from various regulatory bodies. The most common regulators of binary options trading companies are the Cyprus Securities and Exchange Commission “CySEC”, and UK’s Financial Conduct Authority “FCA”.
In Australia, binary options brokers are regulated by ASIC whereas FSB is the body that oversees the market in South Africa. FSA does the same job in Japan whereas NFA and CFTC regulate exchange-traded binary options in the US.
So the list is long, but if you check closely, there is no specific mention of binary options robots. However, some of the robots such are run by financial trading companies that are regulated by one or more of the various regulatory bodies. This ties them to a fully licensed and regulated company unlike in most cases where the providers of the binary options robot barely have a place to call office.
So when a binary options robot is offered as one of the products of a fully licensed company, it is right to say that the robot has legal status. Nonetheless, it’s important to make sure that it’s clearly stated in the copyright section that the particular binary options robot is a product of the licensed company in question.
Most binary options robots provided by binary options brokers land under this category. However, they are not robots in a nutshell. They are more of social trading platforms rather than robots, but since the trading is automated, they are often put in the same category.
Therefore, when it comes to social trading platforms that are akin to binary options robots, regulation matters less because in any case, trader follow the trades of fellow traders thereby removing any liability from the broker or the binary options robot service provider.
For instance, if you choose to automate your trades by following the trades of another trader whom you believe will deliver substantial wins and things do not turn out as expected, you cannot fault the robot service provider. Also, you cannot claim the robot to be a scam after losing money because, you are the one who selected which and whose trades to copy.
Therefore the question about whether or not binary options robots are legal can be interpreted in several ways. Traders would have to consider the parties involved in providing the service, as well as, whether or not they have a direct relationship with the service itself. You can have a provider who has nothing to do with the trading activity itself.
Binary options robots have no legal status under any regulatory body, but in most cases, the people behind them do. If that does offer any solace for those that really prefer using products that have legal status, then it will have to suffice for now. However, a few years ago binary options trading was not regulated, but now several brokers have EU regulation. Who knows what could happen in the next few years for binary options robots?
Yes. The binary option robot is 100% mobile responsive and can be traded on your mobile.
Unfortunately not. Due to security, you will need to open a trading account using the binary option robot to ensure a reliable, safe trading experience. This way, our robot can connect with your broker API and ‘talk’ to your broker in order to execute trades.
The settings of the robot allow you to customize your trading strategy and financial results.
You can customize the following:
- Trade Amount
- Expiry Time
- Assets Traded
- No. of Simultaneous Trades
- Money Management Strategy (including Martingale, Classic and Fibonacci Trading System).
- Trading Indicators (including MACD, Stochastics, RSI, CCI, Williams and Trend indicators). You can learn more about how these indicators work on the internet.
You can withdraw your profits at any time. Simply go to your cashier, select withdraw, and choose your nominated withdrawal account. Withdrawals should be processed within 2-3 days.
From one point of view, the difference between signals and autotrading is a thin line but from another, you could write down a long list of what separates the two.
So first up, lets draw the thin line between binary options signals and autotrading.
The only thing that separates the two is that in binary options signals, traders execute the trades by acting on the trades picked by the system. On the other hand, when it comes to autotrading, the robot, or the system in this case, executes the trades on the trader’s behalf.
Now the long list;
With trading signals, traders must be logged in the brokerage platform to execute the trade picks generated by the signal service provider, whereas with autotrading, once they have activated the autotrading option the binary options robot does the rest regardless of whether or not the trader is online.
With signals, traders can choose whether or not to act on the trade picks received, whereas with autotrading, unless they deactivate the autotrading option the robot will continue to trade the signals picks generated.
Traders can easily miss out on a trading opportunity when relying on binary options signals if they are not close to one of the provider’s selected forms of delivery. Some binary options robots service providers deliver their signals through multiple platforms including SMS, web, and Email, but others only deliver via web, or email. This means that you can easily miss out on a signal if you are not in a position to receive the alert. On the contrary, in autotrading the trader’s input is not required. Once a trader has applied the various filters on the binary options robot as per his/her preferred trading style, the robot takes care of the rest. So no binary options trading opportunities are missed.
With binary options signals, the level of win-rate can be affected by time lapse between when a trader receives a signal and when he/she actually acts on it. While the providers always indicate a certain trading window within which the trader must act, it always better to act instantaneously. It’s not possible to do that manually. However, with autotrading, the binary options robot applies the trade instantaneously thereby eliminating any potential time lapses.
With binary options signals, it is more difficult to apply certain trading strategies that make use of popular binary options trading systems such as the Martingale and the Fibonacci systems. However, with autotrading, using such a strategy is pretty easy especially if the binary option robot is equipped with the three main trading systems.
With binary options signals, the trader’s average win-rate can greatly be affected depending ln the signals he chooses to act on. It’s possible that one trader could end up being more than another despite using the same service over the same period due to the differences in signals executed. On the other hand, if you follow/copy a certain trader’s trades, then you can be sure to expect the same results at the end of the given trading session.
The signals are generated by the technical indicators that you choose in your trading rules. For beginners, we recommend using the Trend following strategy.
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