Automated Binary Software Review 2018
Automated Binary does not accept new customers from US.
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- US Traders
- 11 Brokers
- 3 Trade Systems
- Mobile Friendly
- Easy to Use
Automated Binary is new to the world of binary options trading, launching in August 2016. The software that they use is a new version of a software that was developed in France in 2014. In a short space of time they have managed to build up a strong client base offering a range of binary options brokers which exceeds that of other robot software companies.
Each trader's experience is very different with 3 trading systems and 6 algorithms to choose from. You simply choose the settings that you want the system to trade with on your behalf, pop in your trade size and preferred expiry times and the system will do the work for you. No-one's winnings are the same as the next person as every experience is different.
Unlike some robot software offerings that make lots of bold claims, Automated Binary is straightforward and transparent with everything you need to know listed on their website for all to see. From details of every broker to the breakdown of trading systems and signals all of the information is displayed clearly. All you need to do is choose your broker and select your settings.
Is Automated Binary the robot software for you? In this in depth review you will learn:
- Which brokers are available to use on the Automated Binary platform
- The various trading systems offered and what each method means
- The different algorithms and indicators packaged for you to trade with
The following binary options broker are available through the Automated Binary platform:
One of the more established binary options brokers, 24option is a well-known name in the options industry and is licensed by CySEC. During their time they have evolved with technology and now offer their services in 8 different languages. Expiry times offered range from 60 seconds to 5 minutes.
Trading with Stockpair offers traders expiry times of 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour. Launched in 2010 they are licensed by CySEC and specialise in binary options and pairs options trading.
Established in 2013 and based in London, United Kingdom, BinaryTilt is owned by Chemmi Holdings Ltd. Offering expiry times of between 30 seconds and 5 minutes the minimum trade size is $10 with a minimum deposit of $250.
Established in 2011 and based in the UK, EmpireOption is owned by Baumann & Kraus Enterprises Ltd. Offering expiry times of between 60 seconds and 1 hour their minimum deposit is $250 with a minimum trade of $25.
Based in Cyprus and launched in 2011, Opteck is licensed by both the IFSC and CySEC. They are tipped as a suitable choice for new and inexperienced traders and offer a wide range of expiry times ranging from 60 seconds to 1 hour.
Yet to be licensed but understood to have applied for CySEC licensing, the uCapital platform was established in 2011 and is based in the Marshall Islands. Offering expiry times of between 30 seconds and 5 minutes, the minimum trade is $10.
A new entrant to the binary options trading arena and already making waves, Stern Options is yet to be licensed but there is little to suggest this will be a problem. They offer various options including short term, long term, pairs and one touch.
BDSwiss (Banc de Swiss) is headquartered in Cyprus and licensed by CySEC. As one of the more recognised brokers they offer expiry times of between 60 seconds and 1 hour with a minimum deposit of $250 required.
Licensed by the IFSC and based in Belize, FMTrader offer expiry times of between 60 seconds and 5 minutes. Unlike many brokers they offer a low minimum trade of $5 although their minimum deposit requirement is the standard $250.
With a primary focus on a South American audience Dinero Libre is tapping into the Spanish speaking market. They offer expiry times much the same as many other brokers ranging from 60 seconds to 5 minutes.
Systems And Payouts
Known as the Classic system across the trade, the Safe system is how it is referred to on the Automated Binary platform. It is the most established trading system and perhaps the most trusted. Generally more suited to new traders or those who don't want to risk too much, the Classic system won't make as much money, or lose as much, as some of the other systems.
It is known as the Martingale system however referred to as Compound on this particular site. It is for those who want to win big and quickly. Equal to winning big you can also lose a lot so it is for those who are more experienced or who don't mind their account reaching zero quite quickly.
More widely known as the Fibonacci trading system, the Accurate system is suitable for those who want large payouts without the large risks. Each trade size increases sequentially after each win or loss. Whilst wins can be big so can losses.
Latest Winning Payouts
Bonuses And Promotions
If you are motivated by bonuses or promotions then you won't find them on any robot software platform. They are usually offered by brokers to entice new customers to sign up or to incentivise traders to invest more money. To take advantages of welcome bonuses, match deposit bonuses or any other incentives offered then you are advised to look at each broker and assess what they offer.
As you have to open up a new trading account with your chosen broker when you sign up via a robot software website, you can take advantage of any bonuses as a new customer. If this will sway your decision of which broker to choose you are advised to check them all individually.
Like many other robot software offerings you won't find a mobile app for Automated Binary however what you will get is the ability to trade on the move with their mobile responsive website. Like any business if you don't have a mobile or tablet friendly website and expect to operate an online business then you are going to struggle.
With so much mobile consumption now it is critical that a business can cater for their mobile customers. Automated Binary offer their clients the chance to use the platform from their iOS or Android device whether using a tablet or smartphone.
Algorithms And Indicators
As well as choosing your trading system there are also six algorithms or indicators to choose from:
This indicator uses current trends in the market to decide whether to call or put on a particular asset hence its name.
The Commodity Channel Index makes trades based on the average of asset trends over time.
The RSI indicator means Relative Strength Index. Essentially when prices are high many people will sell and when they are low they will buy. The RSI follows this behaviour.
When there are extreme behaviours or trends in the market The Williams indicator will use this information as an indicator of how to trade.
The Stochastic Oscillator indicator or STOCH, analyses the speed and trend of the market to predict an assets movement. Translated, Stochastic means "having a random probability distribution or pattern that may be analysed statistically but may not be predicted precisely".
This is an acronym for the Moving Average Convergence Divergence. It is a widely used indicator developed many years ago in the 1970's. It measures the up and down trends of an asset and plots a zero line to measure performance.
Some might say that the fact that Automated Binary are so new and already doing so well is a special feature in itself, especially considering the number of licensed brokers they offer through their trading software. The one special feature that is noticeable is the availability of a demo account with $50k available to trade with. It should be noted though that the demo account is not based on real time data.
Expert Software Reviews
As soon as you visit the site, both on desktop and on mobile, you will be greeted by a pop up box offering live chat support. Other support options include the option to email a support assistant (warnings are given that the number of emails received could lead to a delay) or check the FAQ section for a quick answer to your questions.
As a new entrant to the binary options trading arena Automated Binary seem to tick all of the boxes. The information on their website is clear, concise and easy to follow. There are a number of reputable brokers to choose from, many of which are licensed and they give a comprehensive breakdown of the available systems and indicators.
The website is user friendly, available for mobile trading and their customer support is efficient and easy to use. With a free $50k demo account you can get to grips with the software and your settings before you part with any real money. Overall they seem to tick all of the boxes and offer a good solid user experience.
Reviewed by: BinaryOptionsExpert.net
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Frequently Asked Questions
Is Automated Binary legit, will they scam me?
Automated Binary are a robot trading software that support some of the well-known binary options brokers. Whilst fairly new to the options trading world they seem to be carving out a good name for themselves in the industry. They offer software that was first developed in France in 2014 and updated accordingly to meet today's requirements. To date many traders have had good dealings with them and they are clear and straightforward without making any bold claims.
Do they have a decent mobile or tablet app?
Yes, they have a mobile responsive website that is compatible with all devices both android and iOS. Like many of the robot software platforms they don't offer a mobile app as the website offers everything the trader needs to trade on the go. Unfortunately in today's world where everything is done online and nearly all transacting occurs on a mobile device it is impossible to operate without having some sort of mobile offering.
What bonuses are offered for new traders?
There are no bonuses offered for new traders with Automated Binary . In fact you will struggle to find a robot software platform that offers a bonus. Traditionally it has always been the broker that offers the bonuses and promotions so when opening an Automate Binary account you need to consider whether this is an important trading factor for you when selecting which one to use. Many brokers offer a welcome or deposit bonus to new traders.
Can I start trading on a free demo account?
Automated Binary not only offer a free demo account they also offer $50,000 of virtual money to trade with. This is great for those that are new or inexperienced or those that have never used automated trading before. These virtual funds allow you to practise trading with various settings, algorithms and trading systems before risking any of your own money. To use the demo account you need to sign up to an account first.
What's the minimum deposit and trade amount?
As with nearly all robot software platforms it is the broker that sets the minimum deposit requirement and not the robot software. Most require a $250 deposit as standard, you will be hard pushed to find one that doesn't. Minimum trade sizes on the other hand tend to vary a little and whilst many stipulate a minimum of $25 there are options for $5, $10, $15 and $20 available.