Binary options trading robot review

BinaryOptionsRobot is one of the first binary options software systems to provide users with an entirely web-based interface that allows for more user control than other software. Traders can set their own risk levels and make other adjustments to fit their style. These features give the software a score of 85/
Table of contents

• On this Page:
• Binary Robot Scam or Legit? Live RESULTS of the $ Test
• Binary Option Robot Features
• Option Robot Review – Does This Binary Free Auto Trading Software Work?

If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable.

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Here is a checklist of warning signs:. The settings or indicators used within a robot are crucial. They will determine the success or otherwise, of the strategy.

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The number and flexibility of settings or parameters within a robot platform, are a useful comparison factor when judging different firms. The best settings will depend on individual trading strategy — but the basic parameters should not be overlooked. Trade size and expiry time are two simple settings, but traders can forget to check if the size and time frame they want to use are available with the robot they are comparing.

Moving averages and volume are popular indicators, and almost any candlestick pattern can be set as a signal. The self build bot at Binary.

Some of the poorer services do not provide any. Some programs offer money management settings too. Martingale is best avoided, especially for novices. The better firms will offer a free demo or virtual account to trial the service. This allows traders to amend settings, and find a money management plan, that works for them.

The best demo accounts will be open ended, and even topped up if the balance runs out. Some demos may require a software download, but the majority will not.

After opening a trading account with a broker, such as Interactive option, the trader only needs to link this account to OptiRobot to start trading, once the first deposit has been made, the robot then carries out the transactions, based on trading signals. The trader is free to make decisions from time to time or to let the robot act alone.

Fully automated, OptiRobot requires no knowledge on the part of the trader and can bet perfectly independently, and the software has been designed to comply with a few trading rules and avoids hedging strategies, martingale or pyramid schemes. To make the best decisions, it also uses indicators of past events. When it comes to trading robots, you have to be wary of promises of huge profits.

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However, the results of trades are perfectly verifiable and in particular in the case of OptiRobot, the performances are displayed directly on its website. During , however, the OptiRobot team claims an average monthly performance of However, for those who have no trading knowledge and no time to learn, the OptiRobot robot can give rather good results. Of course, as a professional trading robot, OptiRobot is not cheap. In order to use the BinaryOptionsRobot offering, the trader must choose one out of two account types.

These are:.

Binary Option Robot Features

The account type you have, will determine the features of the robot that are accessible to you, as well as the level of support from the customer service that you get. VIP account is provided to all beginners with the BinaryOptionsRobot service and is available for one month thereafter. Traders will then be able to continue using the VIP account status on fulfillment of certain conditions as mandated by the account managers. BinaryOptionsRobot is optimized to operate on mobile devices. Apart from being able to use the robot interface on a smartphone or tablet device, the software can be used on the mobile apps of the various binary options brokers whose platforms are used in the trading process.

This makes BinaryOptionsRobot a very good choice when it comes to mobile trading.

Each broker has its own unique system of accepting deposits and effecting withdrawals. Some of the popular methods of transaction are as follows:. Here is a list of the minimum deposit amounts in the various base currencies that feature on BinaryOptionsRobot. Customer support on BinaryOptionsRobot is a bit discriminatory.

The only customer support channel available to prospects and visitors is an online contact form.