- 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 2014. 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 2014, 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.