Choose The Best Binary Options Robot Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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 250 5 83% 1st Choice
FX. Masterbot 250 5 90%
Binaryrobot365 100 1 90%
Cryptorobot365 250 25 90%

1) OptionRobot

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.

OptionRobot Account

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.

  • VEMarkets
  • Brighter Trade
  • CFDS100
  • eMarkets Trade
  • Millennium-FX
  • Capital Traders
  • KayaFX
  • 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.

Trade Indicators

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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.

Trading Methods

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

Verdict

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.

Trading Signals

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.

Verdict

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.

3) BinaryRobot365

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.

Binaryrobot365 Account

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;

Trade Indicators

Trade Methods

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.

Verdict

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.

4) CryptoRobot365

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
  • BrighterTrade
  • Capital Traders
  • CFDS100
  • eMarketsTrade
  • Olsson Capital
  • Opteck
  • Roiteks
  • VEMarkets

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.

Trade Indicators

Trade Methods

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.

Verdict

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.

Conclusion

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.

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.

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.

Trader Broker Asset Profit

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.

Robots and Automated Trading

The use of binary options robots – “bots” – and other automated trading software and apps has exploded in the last few years. Here we explain how a trading robot works and review the top services 2020, and list what you as a user need to know and look out for. We also show where to get a robot demo account to trial the service, and teach you to use auto trading software and tools.

The best auto trading service for you will be down to individual choice, so read on to get all the facts.

Top Robots and Auto Traders

BinBotPro Choose among 20 robots and compare them on past performance. Activate automated trading in only 3 steps. » Visit OptionRobot Free to join with flexible settings including indicators, expiry and methods. » Visit AutomatedBinary Free demo account and options for money management and algorithms. » Visit Nadex While not strictly automated, Nadex can use open orders and stops, so orders can be filled without the trader being online. » Visit

How an Auto Trading Robot Works

Robot software and auto trading algorithms combine a signal service with automated trading. So the software will attempt to identify profitable trades, and will then place the trades automatically. This automated element takes signal services a step forward, and actually place the trades as well – rather than leaving that to the trader. These systems will have differing levels of risk management – from stop losses, to daily fixed spend limits. The automated element however, does increase the financial risk for traders overall.

There is also a growing trend for brokers to provide their traders with the ability to configure their own ‘bots’ or automated trading systems. These tend to simplify the the process, letting traders “drag and drop” technical indicators into their system. The best bespoke robot features also allow traders to run their robot in a demo account, in order to trial it risk free.

Brokers are keen to promote robots, because they create higher trade volume, and therefore reduce risk for the broker. They can be a great tool for traders too – but as ever in binary options – any promises of profits are an immediate ‘red flag’. Robots, like binaries themselves, need to be fully understood before use, and they are not a route to guaranteed profits.

Will a Robot Make You a Better Trader?

Sometimes. Trading robots will have swings, just like any other trading method. Likewise, the settings by which the robot is operated, might become less (or more) effective over time. So they will need to be constantly monitored for performance.

Automated trading without doubt increases risk – and binary options are already a high risk investment vehicle. But an automated bot running unchecked could rattle through a large number of losing trades, particularly where a news event impacts the market. An event that might make a human trader step back from the markets, is not going to stop an automated robot.

This extra risk can be managed to some extent. Many robots will have daily loss limits, and overall limits. They can also be set to stop if a certain level of profit is reached. Traders need to be aware of all the pitfalls however and treat bots with respect.

Reviews of Auto Traders

Binary Bot from Binary.com

Binary.com also offer the facility to design and run an auto trading robot. Long the broker for advanced traders, Binary.com now offer a range of ‘advanced platforms’ – one of which includes the Binary bot platform (Screenshot below).

This platform gives traders the ability to put together an automated trading system. As might be expected from this firm, the feature offers more depth than some of their rivals – again appealing to advanced users. The criteria available for putting together the algorithm offer greater choice than elsewhere. The process allows extra layers of complexity to built in, enabling users to get very specific about their trade ‘triggers’.

Binary Bot follows the Binary.com look and feel, which is fairly unique. The visual ‘fluff’ has been trimmed back, and replaced with more features and usability – typical of the brand. Read more about the platform in the Binary.com review.

Other Auto Trading Software

Auto trading software does require a small manual element in setting up, but once that is done – as the names suggests – the trading is automated. This form of trading is generally very similar to robot services. A trader using automated software will first setup the software based on the type of trading they are interested in. So the level of investment, the type of assets to trade and the level of risk. Once configured, the software can be left to place trades based on the settings given.

Signals – Essential to Auto Trading

In theory, signals and automated trading are similar. The difference being that when auto trading software spots a signal, based on data analysis, it will open a trade. A signal provider will simply highlight the trading opportunity, but leave the actual opening of the trade to the user.

Automated software therefore, generates signals based on the algorithms it uses, and will open and close trades based on those algorithms.

Copy Other Traders

There are also services that will allow trades to be opened based on a real-life binary options trader. Providers will offer a list of live traders, and publish their results. Users of the platform can then decide to copy those traders – choosing levels of risk and investment to suit their own needs. This kind of “almost auto trading” is called copy trading.

Robot and Auto Trading Scams

The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scams page details some of the red flags to look for (including a list of scam services), but auto trading in particular attracts a lot of scam operations. Here are a few reasons why:

  • Novice Traders – Auto trading software is often aimed at novice traders, or people who do not have the time or knowledge to trade themselves. This group is perhaps easier to mislead, and they are therefore targeted.
  • Easy to blame the trader – Linked to the first point. Dishonest providers will simply say the software was misused, and therefore not at fault.
  • Control – If traders have put someone else in control of their trading, it is very easy to simply say the money was lost trading.

Warning sings of a scam will include a lack of transparency (results that are not verifiable), forcing users to use a particular broker, and the most obvious – the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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How To Start Binary Options Trading 2020
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