Top Technology Providers Are Giving Up On Binary Options

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
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  • Binomo
    Binomo

    2nd place! Good choice!

Top Technology Providers Are Giving Up On Binary Options

Top Tech Providers Hurt By Israeli Ban On Binary Options

Carnage in the binary options world is spreading as more top names get shut down, give up their licenses or simply move away from the industry. The way things are going it won’t be long before all that’s left are CFD’s, forex, NADEX and scams.

In the most recent news TechFinancials, the once proud parent of 24Options, has decided to leave binary options altogether. In doing so it has sold off its last remaining binary option brand Option Fair to an entity called S Win Holdings. S Win Holdings purchased both Option Fair and MarketFinancials LTD, the Seychelles regulated subsidiary which operated the broker.

This move is only a mild surprise as the company has been plagued by the same issues facing the entire binary options industry; tightening regulation and the stigma of scams. It has been downsizing over the past year in efforts to stay ahead of the changing landscape but unable to cope with regulatory changes in Israel, it’s home country. While unexpected the company is still well positioned in the world of trading and will likely move forward with CFD’s, forex and cryptocurrency trading. The deal to sell Option Fair is estimated to be worth $400 million and not expected to negatively impact traders.

SpotOption has likewise ceased operating as a binary options provider in the wake of Israel’s ban on trading, marketing and exporting the trading software needed for binary options. The company has sent messages to all of its clients informing them of the need to change their subscription services to alternate trading facilities or else terminate. This means that in the coming months all those white label binary options brokers that have been plaguing the market with scams and fraud are going to disappear, or turn to some other type of trading. This move is truly shocking as SpotOption has been dominating the market for more than 5 years and will no now longer participate. The real question though is this, what brokers will be left?

In a more positive story the SEC has been able to recover more than $730,000 of money stolen by the EZTrader scam. The unfortunate fact is that it will be very difficult for the SEC to know who of the 4,000 clients to give the money too, and how much they should get. EZTrader was listed on the US OTC stock exchange but gave up that listing this summer in the wake of fines levied by the SEC. The fines were due in part to outrageous claims of profits used to lure in traders who later experienced heavy losses. In total EZTrader is thought to have taken in more than $2.5 million.

What does this mean for us traders? Less white label scams, fewer brokers to choose from but perhaps a higher quality broker in the end. And then there is cryptocurrency which I think the future of trading.

Best Binary Options Robots

As with all markets these days, automated trading has also entered the world of binary options trading. This type of trading is also known as algo-trading or in this case, the use of binary options robots. The system uses an electronic platform to enter different trading orders with the help of an algorithm. An algorithm is a series of data analysis and instructions used instead of human decision making. As such, it requires no human intervention because the electronic platform executes a pre-programmed set of instructions at various times. At a time when markets have to process a large number of data and news – sometimes random, many traders have taken this option. It is also used by professional investors, including pension and mutual funds, as well as investment banks and certaining institutional trading firms. Every step of the trading process is handed over to binary options robots who manage all aspects of the trade. Automated trading in binary options requires no analysis on the part of the investor, as advanced software uses the knowledge of experts in both IT and the financial markets who have helped develop the program to trade on behalf of others.

There are a number of factors to look at when deciding to use an automated trading system and this applies to all types of financial instruments.
It should be trustworthy and reliable.
It should be free, or low cost at least.
It should be web-based.
It should be supported by a range of reputable brokers.

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!

Successful binary options trading requires careful market analysis.

The premise behind binary options is to predict the direction or a pattern of an asset’s price, and for some, this does not come easy. However, a certain understanding is useful of the fundamental valuation determinants, as well as the technical aspects using charting systems and graphs. In addition to this, it also requires a significant amount of time – something not all traders will have readily available. As such, automated trading has offered an alternative way for many traders to improve results without having to spend hours sat at the computer or working out the mechanics of a particular binary option (in this case). When these systems first entered the world of trading, binary options robots were less sophisticated, and not the easiest tool to use. Thankfully, development and technology has moved, and binary options automated software is much more user-friendly, increasing its popularity.

Binary options traders with only a basic knowledge may feel comfortable to rely on binary options robots throughout the whole process of trading. This is effectively a form of passive investing with no real input from the trader or investor though an understanding of this market is required to decide whether this is an area worth investing in. They do not necessarily need to sit in front of their computers watching the charts and other market indicators, nor do they need to constantly be vigilant on the markets. In this instance, it is all about placing one’s trust in a trading system which focuses on binary options if you believe this is the best way to take advantage of the market as it currently is.

Binary options automated trading may seem as attractive as a number of other algo trading systems, but they all carry the same market risks as well as a highly competitive industry which tries to win out on speed (of trade entry and exit) as much as anything else. There are no guarantees of profits every time, but advanced systems can generate returns, you just have to decide whether this is something you want to trust in, or whether your own decision making process will work better.

Just as one has to decide whether trading the market with binary options is better than trading traditional Forex, you also have to ask whether your own judgement is worth giving up for the trust of an automated trading system.

Are binary options robots reliable?

This is one of the most commonly asked questions with regards to trading with binary options robots. This largely comes down to researching systems, which in some cases may prove to be more time consuming than learning and trading the market yourself. If one can find a reliable system through recommendations, then as a new form of investment, may be of use to those who do not have time to devote to following the markets closely.

Binary options automated trading makes the whole process of trading much easier for the average trader, as well as those who are entering the binary options market with limited experience. Automated trading and the associated binary options robots offer direction to beginners. However, putting complete faith in trading robots is not something all will be comfortable with, especially if you have developed your own trading system based on your own decision making process. Let us not forget, that trading through binary options can tie up your capital, and can be quite inflexible, as we have discussed in other sections, so if you are committed to trading the markets for yourself, then understand that the trading signals generated are based on human decisions .

However, the automatic platform does provide the inexperienced trader with the information they would otherwise have to find for themselves. Manual binary options trading requires analysis of charts and an understanding of the markets on a fundamental basis, including trends and asset class specifics. Even so, should one decide to decide with their own decision making process, then there are plenty of sites which can be educational as well as informative in terms of news and data, and this can be quickly assimilated in a day and age where information is much more readily available. This website will aim to provide as much of this as possible. An automated system, may increase a trader’s chance of success, when having limited knowledge of the market and processes, but this can be replicated in many other ways.

The number of automated binary options applications is increasing on an almost daily basis.

Binary options robots have become very popular, and there are plenty of providers coming to market. The more established names are more likely to be a more reliable, for example, those linked to larger financial institutions. We’ve already explained the ins and outs of binary options automated trading, so now we look at how to separate the good from not-so-good.

Binary options robots make it possible for traders to make profit in a number of different situations, particularly those that require swift decisions. A robot can help you get better results faster, and can also help you to trade more efficiently. Even so, learning how to trade in a disciplined manner with rigid risk management systems is also something which is widely advised by all serious market advisers.

As attractive as binary options can be, either manual or through automated systems, the flexibility of trading the underlying asset or spot markets can be just as rewarding with just a little time and effort in developing your own style of trading. As we have stated above, there are many educational sites which can assist you with this, and will allow you to trade with a little more freedom than with the use of options.

If you wish to stick with automated trading of binary options, it is naturally important to find the most reliable and successful ‘robot’ you can find. This in itself is not easy, but here are certain things one can look out for.

How to spot an illegitimate binary options robot

No previous trading history. Look for information on previous trading records. If there isn’t any, this should raise your suspicions. A robot that has made profits should have no reason to hide this. will have no qualms about letting everyone know. A number of robots will promise big profits, but a proven track record will prove this. A legitimate robot will have its trading history clearly visible on its website.

Design of a poor website. This is possibly one of the biggest tell-tale signs of an inferior robot. There are few rogue ‘bots’ who will bother to spend time and money on their website design. If the website looks amateur, it is likely that the people behind it are amateurs too! If the robot site is well developed and stylish and equals the quality of more established names, the input into the site is more likely to be matched by their integrity.
No robot features are mentioned. The website should inform you of the robot’s features. If none are offered, then this will give the investor little to go on and should be avoided. An honest-trading binary options robot will have a wide range of possible customisation options so that traders can tailor the robot in accordance with their own trading parameters.

Exaggerated results and unrealistic returns. Always be wary of binary options trading robots that promise very high returns. A projected income of more than $1,000 a day is clearly an exaggeration, especially if not specified on what basis or account size. A more reasonable expected income based over weeks rather than days, shows a more risk managed approach. Fine tuning and patience is required, along with some experimentation. Any form of investment requires a certain amount of risk, so not all trading robots that promises a guaranteed income are to be ignored.
Only compatible with unregulated brokers. Only the best binary options robots are accepted by the more reputable brokers. If big-name brokers do not trust a certain robot, then neither should you.

Customer support is non-existent. A fraudulent robot site will not be interested in the problems of its clients, so there may not be any contact details on its website. If there are, then try to communicate with them, if only to get more information before signing up to a particular service. If you’re able to get the answers to your questions, then this will instill more trust in the robot program.

Short history in the market. A short lifespan in the market does not necessarily mean a robot is inferior, but it should raise some concerns. It is better to look for automated trading software that has been around for some time, say a few years (at least), which would also prove that their program has been successful for a length of time. Bad ones do not last for long!

In conclusion, there are a number of automated binary options sites out there, and some come at a cost, while others are free to use. We will feature some of the better binary options robots in future articles, but we have plenty of other informative sites which can give you a direct insight into the markets in order for you trade directly yourself. This may well be significantly rewarding, both financially as well as in developing your knowledge base and general up-to-date information on the markets.

Best Binary Options Signals Providers

Jay Hawk
Contributor, Benzinga

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Binary options provide financial markets speculators with an easy way to trade without taking unlimited risks or subject yourself to order slippage. Whether you go long or short the market, you’ll always enjoy the peace of mind that comes from having limited downside risk.

Of course, you will still want to develop a decent trading plan with the help of a demo account before getting into binary options trading in a live account held with one of the best binary options brokers .

This plan should include a well-tested and profitable trading strategy, a sound approach to money management and enough funding to keep you in business despite a few losing trades.

Quick Look: The Best Binary Options Signal Providers

  • Provider 1: Signals 365
  • Provider 2: Binary Options Pro Signals
  • Provider 3: Up Down Signals
  • Provider 4: Binary Today 5
  • Provider 5: Auto Binary Signals
Table of contents [ Hide ]

There’s time, expertise and other challenges involved with developing your own binary options trading plan, and many traders prefer to use a binary options signal provider. These companies deliver binary signals via various methods to tell their clients precisely when to enter and exit binary options positions.

Overview: Binary Options Signals

In general, binary options signals consist of notifications from companies, professional traders, or even technical indicators and algorithms aimed at helping you trade binary options more profitably. Such signals can help traders save time and operate with a lower level of expertise since they do not have to interpret market trends and behavior themselves.

Binary options signal notifications typically suggest trade entry and exit levels. They usually also specify the type of binary option recommended for a particular trading opportunity. The general objective is not so much to invest in binary options , but to trade them speculatively for profit. Several types of binary options exist for you to use when trading along with the recommendations provided by a signal service.

Although all signal services may not support each type, the most common types of binary options you can use to trade with include:

  • Down, low or put and up, high or call binaries: You can use these to take a directional view; their values are determined at expiration.
  • No touch/one touch or above/below binaries: Trading these also involves a directional view, but they have trigger levels that can cause an early outcome when touched prior to expiration.
  • In/out, range or boundary binaries: These binaries have a range within or outside which the market will end up at expiration to generate an outcome. They can be used for range trading and range breakout strategies.
  • Double one touch or double no-touch binaries: These consist of range binaries structured with two barrier levels that can cause an early outcome if either barrier gets triggered. You can also use these to trade ranges or breakouts.

Binary options signal providers typically offer timely trade suggestions involving one or more of these basic types. These services usually signal when to enter a position, as well as when to exit a position based on their proprietary “black box” algorithms.

What to Look for in a Binary Options Signals Provider

Perhaps the most important thing to look for in a provider of binary options signals consists of verifiable evidence of good signal performance by their algorithm or algorithms in a live binary options trading environment. This track record should generally show a respectable and consistently positive return for the risk taken, and a signal win rate of 70% or higher seems fairly common among the best binary options signal providers.

Also, any signal provider should offer you a way to get notified of their signals as quickly as possible. Ideally, these signals will come in time for you to profit significantly from the trading opportunity they identify. They should also have a good reputation in the market with positive reviews and client testimonials.

Most signal providers will send their trade notifications to their clients using email or SMS text messages. A few signal providers use custom-made web interfaces that clients can monitor, while others have downloadable software you pay for and install on your computer.

Some very basic and low-budget signal services even use free communication services like Telegram or Skype to share trade signals that just get typed in manually. Remember that the signals from these notification services usually get generated in real time, but they do not tend to involve automatic trade execution unless they are a trade copying service.

You typically need to watch for signals to occur and then execute your own binary option trades if you think the signaled opportunity seems worth taking a risk on. As a result, this slower trader-directed method of observing signals and then trading on them differs substantially from the algorithm-based and fully automated trading robots you might have run as expert advisors on MetaTrader4 or other platforms.

Some quick facts before we launch into the best providers on the market:

  • Some binary signal providers get around the possible trade execution delays this method can cause due to inattention by traders by having proprietary websites that clients monitor to get trade signals in a more timely way.
  • Also, certain trading signal sites even have trade execution buttons for you to quickly enter into the suggested binary option position once you have set up a funded account with a supported broker.
  • Fast execution often makes the difference between a winning and a losing trade. Such trade execution buttons, therefore, make a very handy feature worth looking for in a binary option signal provider.
  • Still, other signal providers might offer a copy trading function that lets clients duplicate any trades the provider makes based on their signals. Customers usually have the option to set several trading parameters according to their risk tolerance and account size.

The Best Binary Options Signal Providers

Based on the criteria above, we’ve generated a list of the best binary options signal providers you can use.

Provider 1: Signals 365

Signals 365 is a well-established binary option signal service which offers an impressive 50-100 signals per day and claims to have a respectable win rate of up to 70%. Check out the video below for more details.

Provider 2: Binary Options Pro Signals

Binary Options Pro Signals delivers binary option trading signals by email or SMS. It offers signals during either the New York or European trading session for 14 highly liquid and tradable assets, including major currency pairs and stocks. This provider averages between six and 12 signals per day and has an extensive historical track record.

Binary Options Pro Signals wins on roughly two out of every three trade signals, or about 67 percent of the time.

Provider 3: Up Down Signals

Up Down Signals has been around since 2020 and offers a wide range of binary option trading signals, with over 200 algorithms reportedly under development using machine learning techniques. Up Down Signals claim to provide as many as five signals per hour, although the company averages about that many during the day. Signals get delivered via email and web, and the provider claims signals remain good for up to 15 minutes.

Up Down Signals says it had a 92 percent win rate based on over 300 signals generated in 2020.

Provider 4: Binary Today 5

Binary Today 5 offers a binary option signal generation software package with some interesting features that differ considerably from what other binary option signal providers bring to the table. First of all, you can use any broker, currency pair or trading session you want, since you call the shots as the trader.

Second, using this service requires a one-time purchase of downloadable software to generate the trading signals locally based on its proprietary algorithm. Historical trading results posted on its website show improved yearly performance between 73% and 82% growth. Trading opportunity alerts get sent to email, phones, and even MetaTrader4.

The software generates a sound on your computer that signals you a trade opportunity exists so you can take prompt action.

Provider 5: Auto Binary Signals

Auto Binary Signals offers a web-based binary option signal generation service without the need for software downloads. Paying a one-time fee gives you access to the online binary option trading signals that the provider claims are over 80% accurate. Currency pairs, stocks, and indices are signaled. Once binary trading signals occur, market direction probabilities are displayed, and the system indicates how long you have until the signals time out.

Final Thoughts

Binary option signal providers give you the opportunity to let an experienced trader’s algorithm or judgment influence and even dictate your trading decisions. While some providers give you access to fully automated trading or social copy trading functions, most require you to do the trading yourself after you’re notified that a potential opportunity exists.

This means the signal providers and/or their software do virtually all the deep thinking and market analysis that traders usually have to do themselves. This binary option trading alternative can suit those who have a relatively low level of trading experience or product familiarity and so feel the need for outside assistance.

Using signal providers may also offer a workable solution for those binary option traders who have little time to spend making their own trading decisions.

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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