BinaryOptionsRobot.com Software Review 2017
- US Traders
- 9 Brokers
- 3 Trade Systems
- Mobile Friendly
- Easy to Use
BinaryOptionsRobot.com is a relatively new entrant to the binary options arena offering an extensive choice of both licensed and unlicensed supported binary options brokers, some of who are very new to the world of binary options. Currently they offer trading in only 8 currency pairs though which include the USD/JPY, EUR.GBP and EUR/USD.
Unlike some of their peers, who offer a greater choice of assets, they do offer a number of features that you won’t find on other platforms. These include a VIP account, an app for both Android and iOS and a whole section dedicated to binary option trading education for those who are new or relatively inexperienced when it comes to trading.
Whilst they are new to the market they are working hard to establish themselves as a reputable robot trading platform with 24 hour customer support, 7 days a week. They also offer trading systems that you won’t find on other platforms as well as the option to trade even when not active online although the safeguard of an automatic stop loss means that you won’t lose too much on a bad day.
Want to learn more about this robot software? In this review you will learn:
- The various supported brokers available on BinaryOptionsRobot.com
- Different trading systems and algorithms offered for trading
- The special and unique features of BinaryOptionsRobot.com
The following supported binary options broker are available through the BinaryOptionsRobot.com platform:
As a more established binary options broker, 24option is a well-recognised and trusted brand. They are licensed by CySEC and offer various expiry times ranging from 60 seconds to 5 minutes as well as a number of assets.
Unlicensed and relatively new to the binary options market, PlusOption was established in 2015 and is headquartered in Romania. Offering 4 different types of accounts and various assets the minimum deposit required is $250.
Trading since 2016 they seem to have entered the market on a mission to rise above the reputation of unscrupulous brokers and provide a service that traders can trust. With many expiry options and minimum trades of $5 their website makes trading easy and comprehensive.
Registered in Saint Vincent and the Grenadines, RoyalMarkets aims to make trading accessible to all with a range of education tools and an intuitive trading experience.
Regulated and registered in Vanuatu and operated in Sofia, Bulgaria, you can actually see a copy of their license certification on their website. Offering returns of up to 88%, the expiry times available range from 30 seconds to 5 minutes.
Based in St Vincent and the Grenadines, Omenda have been only operating for a short while having launched in 2016. They currently offer a range of assets and expiry times with a minimum deposit of $250.
Located in the Marshall Islands, PWRtrade is built on the popular SpotOption platform and offers in excess of 80 assets with a minimum deposit requirement of $250.
A very new entrant to the market having opened in April 2017, PrimeCFD is located in Sofia, Bulgaria and is yet to be licensed. With expected returns of 82-88% they offer 5 different account types.
Established in October 2016 and already operating with a CySEC license, BinaryCM (Binary Capital Markets) is based in Limassol Cyprus which some may consider the home of Binary Option trading.
Catering for English, German and Spanish speaking traders, CFDStocks has both an address in England and St Vincent. They are currently unlicensed. They offer a range of expiry times from 60 seconds to 5 minutes with over 180 assets to trade on.
Launched in 2016, LionMarkets is another new broker to the world of binary options. Trading on the SpotOption platform they offer minimum trades of $10 with a minimum deposit of $250.
Located in Sofia, Bulgaria, Lionexo is new to the binary options arena. They trade on the Panda Trading System and offer a variety of forex, commodities, stocks and market index assets with expiry times ranging from 30 seconds to 10 minutes.
Systems And Payouts
Unlike many automated robot software platforms, BinaryOptionsRobot.com uses different trading systems to the usual Classic, Martingale and Fibonacci Systems. These trading systems are as follows:
At least one of these trading strategies has to be selected in order for you to place a trade allowing you to auto trade even when not connected or active online.
Latest Winning Trades
Bonuses And Promotions
In line with the other robot trading software operators, there are no bonuses or promotions offered as an incentive to open an account. The bonuses are actually offered by the brokers so if this is a feature of binary options trading that is important to you then you should examine the various broker offerings before deciding which one to use.
The bonuses are usually awarded upon sign up or on receipt of a deposit. To withdraw the bonus it has to be traded a specific number of times (the number is determined by the broker) before it can be withdrawn.
In this age of modern technology and transacting on the go, it is critical to an online platform to be mobile responsive. The BinaryOptionsRobot.com platform is available to use on all devices whether Android or iOS for those who like to trade on the move.
Unlike many of their rivals, there is also an Android and iOS app available to download. This is particularly useful for those who like to receive notifications and remain logged in. The downside of the mobile website is that you have to keep checking back.
Algorithms And Indicators
As well as choosing your trading system there are also various algorithms or, as they are otherwise known, indicators, that are used to make trades based on a set of code. This offers the trader the opportunity to trade without emotion and fear. Popular indicators and algorithms include:
The trend indicator looks for trends in the market of the various assets to determine the likely activity of those assets and then makes a prediction of whether the trade should be a call or a put.
The Commodity Channel Index refers to the average of asset trends so rather than following a particular pattern it will take an average of the performance over time and then make trades based on this information.
Unlike the trend indicator, which looks at the general trends of an asset, the Williams Indicator will identify extreme trends of a particular asset. If a stock or currency is showing extreme activity or behaviour then this particular algorithm will decide whether to call or whether to put.
There are a few special features worth mentioning. One of these is the fact that they have an app for traders who prefer an app to a mobile website. In addition to this they offer a number of trading systems which are unique to this particular trader as mentioned above.
One noticeable difference between this robot trader and their competitors is the fact that they offer a VIP account for the more serious and larger investors although a downside of their offering is the limited available assets.
Expert Robot Reviews
In addition to their FAQ section there is also a contact link in the main menu section which brings up a contact form to enter your name, email, subject and message. This feature is available before you open an account so if you are unsure as to whether this is the service for you and you want to test their customer services then you can send them a message and see how long they take to respond.
There is also a live chat box which sits at the bottom of the page both on desktop and mobile for those who want to speak to someone in real time.
Whilst the website isn’t as intuitive and easy to use as some of their rivals, BinaryOptionsRobot.com do offer a number of features that aren’t available with other robot software providers. The availability of an app and the different trading systems in addition to their VIP account make them a little different to some of the other robot traders.
They offer a lot of information about the binary options market in the form of various explanatory articles in their “guide” section but unfortunately the number of assets are limited to currency pairs and only a select few. This is fine for those who only like to trade in currency pairs but restrictive to those who like more choice. Overall though they offer an easy to use, trading on the go, experience.
Reviewed by: BinaryOptionsExpert.net
More Robot Reviews
Is BinaryOptionsRobot.com legit, will they scam me?
As a new entrant to the Binary Options trading arena, BinaryOptionsRobot.com might seem to have to work harder to earn trust and favour. They do seem to be working hard to separate themselves from the competition and offer things that others don’t. Whilst they only offer a handful of assets to trade in they do have options for the more serious trader like a VIP account. Their customer service is easy to get hold of and their site contains lots of educational articles.
Do they have a decent mobile or tablet app?
Yes to both! They have a fully responsive mobile website that is compatible with all devices and they also offer an app in the App Store for iOS and Google Play for Android users. The app is great for those who like to get notification alerts and don’t want to keep logging into their account whilst the mobile website is great for those who like to use the browser version. There is no software to download so either option works fine.
What bonuses are offered for new traders?
It is not common for auto trading software to offer bonuses or incentives to traders. This is more commonly offered by the broker. Brokers offer all different types of bonuses and promotions for those signing up and even offer added incentives for people to open larger accounts with bigger deposits. If you are interest in receiving bonuses then you need to select the broker which offers the best for you before you start trading.
Can I start trading on a free demo account?
There appears to be no free demo account with BinaryOptionsRobot.com ’s software. They do offer lots of help and advice and trading guides to help new and inexperience traders get familiar with trading but no demo account. The site uses lots of its own bespoke signals and trading system that you won’t find elsewhere to place automated trades and without much manual intervention required this probably negates the need for a demo account.
What’s the minimum deposit and trade amount?
The minimum deposit requirement is specified by the broker and not the robot software. Usually the amount is set at $250 by most brokers with few exceptions. This makes it much easier to choose an account than if everyone offered different. When it comes to minimum trade size these do vary between brokers from as little as $5 to as much as $50 although it is fairly standard for the requirement to be $25.