BinaryOptionAutoTrading Review 2018
- US Traders
- 10 Brokers
- 3 Trade Systems
- Mobile Friendly
- Easy to Use
BinaryOptionAutoTrading is a robot software that executes trades for those who prefer using auto trading software as opposed to manually placing the trades themselves. In fact unlike some of the other auto trading robots in the market there is no option to manually trade, all trades are automated and are based on the sites own signals and algorithms.
Relatively new to the options market, BinaryOptionAutoTrading offer 9 supported brokers for you to open an account with. All of are known names and whilst not all of them are licensed they do all have a fair reputation when it comes to trading.
The site is aimed at both new and experienced traders and at first glance seems very easy to use and intuitive. There isn't a lot of contact information or details about the company itself but the trading process seems quite straight forward and they offer a customer support that is considered accessible and quick to offer the answers you are looking for.
What do BinaryOptionAutoTrading offer their customers? In this review we will examine:
- Details of the supported brokers that you can trade with using their system
- The meaning of auto trading tools, signals and the associated algorithms
- If they have a mobile website/app and how easy is it to trade on the go
BinaryOptionAutoTrading supports the following brokers:
A well-known name in the world of binary options trading, 24option are licensed by CySEC and offer a number of assets and expiry times with the standard minimum deposit requirement of $250.
Another supported broker which has a CySEC license, BinaryCM (Binary Capital Markets) was established in Oct 2016 and is based in Limassol, Cyprus. They offer various expiry times and require a minimum deposit of $250.
Based in the Marshall Islands and established in 2011, uTrader are an unlicensed broker that offer a number of assets and a range of expiry times. The minimum deposit is $250 and they offer a $5 turbo trade option.
New to the binary options world, Binarymate were established in 2016 so they are a newcomer by most standards. Offering returns of up to 92% they require a minimum $250 dollar deposit.
A UK based broker which was established in 2013, BinaryTilt is owned by Chemmi Holdings Ltd. They offer a range of assets and expiry times with a minimum trade size of $10 and a minimum deposit of $250.
Registered in Mahe, Seychelles and licensed in Vanuatu, Finrally is another relative newcomer to the binary options market with various trading options and expiry times including both short and long term options.
This broker is relatively new to the binary options arena and is currently unlicensed. Based in Romania they offer various account types, expiry times and a minimum deposit of $250.
Founded in 2014 they are not as new as some of the companies that have appeared in the last 12 months but relatively new compared to others. They are an unlicensed broker that are based in Anguilla and they offer various assets and expiry times with multiple account options.
One of the more established brokers, StoxMarket have been around for a few years and are registered in Dominica with contact numbers in Switzerland and the UK. With expiry times ranging from 60 seconds to 10 minutes, the minimum account deposit is $250.
Systems And Payouts
Whilst BinaryOptionAutoTrading don't offer a specific breakdown of the information used in their automated trading systems the algorithms are based on the following:
The Classic trading system is the most popular for new traders who have little or no experience when it comes to trading. It is the least risky but also produces the lowest results both in terms of wins and losses. If you want to use a trading system that will help you Get Your money at once then the Classic is the one to choose.
The Fibonacci trading system is more suited to those that want larger payouts without the large risks associated with a system like the Martingale. Whilst this system can provide big wins it can also produce similar losses. The value of each trade placed increases sequentially after each winning or losing trade.
The Martingale system is the riskier of the three binary options robot trading systems but also the one that carries the most risk. If you are an experienced trader, trading larger volumes, this system will carry greater returns however losses can quickly leave you with a zero balance so it is not advisable for the faint hearted.
Bonuses And Promotions
Whilst the robot software doesn't offer sign up bonuses and promotions, the brokers that they support often do. These bonuses and promotions are used to incentivise traders to open a trading account and deposit funds. For some traders the bonuses are not a motivation as they prefer to select their broker based on results, ease of use etc.
If you are keen to benefit from a bonus or promotion then it is worth examining which each one has to offer. You are not restricted to just one account when using BinaryOptionAutoTrading so you can choose more than one however it should be noted that bonuses must be traded a certain number of times before they can be withdrawn.
It is not common for a robot trading software to offer an app to traders although some do. BinaryOptionAutoTrading don't have an app for Android or iOS although they do offer an easy to use mobile trading experience.
The website is mobile friendly and enables you to trade on the move whether on a smartphone or tablet. The website is responsive for whatever device you are using so you don't have to pinch and squeeze the screen to see what you are doing.
Algorithms And Indicators
Algorithms and indicators are used by auto trading robots to decide how to place your trades using a number of factors. There are 6 main indicators in total; Trend, CCI, RSI, Williams, Stoch and MACD all which use a different analysis of the markets to place trades. The 6 are all variations that look at the different trends, behaviours and predictions of the markets and how they are likely to behave. Here's a look at three of the popular indicators:
The trend is the most simplified indicator and does exactly as the name suggests. It examines trends in the market place to determine how to place trades. If a stock has a steady upward trend then the system will place a call trade. If it's showing a downward trend then it will place a put.
When the price of an asset is high is thought that lots of people will sell, when the price is low then lots of people will buy. The Relative Strength Index follows these behaviours to trade on assets.
An acronym for Stochastic Oscillator indicator, STOCH is a little more complicated than the trend or RSI indicators. Its translation is "having a random probability distribution or pattern that may be analysed statistically but may not be predicted precisely". This indicator is also used to predict the movement of assets when placing trades.
The platform is 100% automated. This means that you cannot switch to manual trading and that you don't have to be connected to the internet or have your browser open to be trading. In addition to this there is an automated stop loss feature which means you can select the limits that you want to trade each day.
The website is intuitive and easy to use and shows you the supported brokers and available assets on the home page so you don't need to go searching for the information.
Robot Site Reviews
Both the brokers and the robot software all tend to have the same contact facilities. Firstly there is a 24/7 live chat assistant who pops up when you land on the site asking if you need help. You simply minimise the box and it sits at the bottom of the screen until you need it.
In addition to this if you want to contact someone there is the facility to send a message. You need to scroll to the bottom of the page and find the link for this first though. If your question is a popular question then you may find the answer in the FAQ section of the site.
This robot software seems to tick all of the boxes when it comes to binary options trading. From the 9 supported brokers offered, to the various algorithms and indicators, the choices are made simple. There does appear to be little information about the various indicators and trading systems used and not really much of a breakdown of the various brokers however if you see the "guides" section you can see that you make your choice when opening an account at which point they notify the relevant broker.
On the whole though the site seems to provide good returns, there is positive feedback from clients displayed and there is a box that shows in real time the latest trades made. The site is intuitive and easy to use and it seems to stack up well against the competitors.
Reviewed by: BinaryOptionsExpert.net
Frequently Asked Questions
Is BinaryOptionAutoTrading legit, will they scam me?
This robot software company is a relative newcomer to the world of binary options but so far they seem to be making the right impression in the market. The brokers that they support are all well-known names, some of which are licensed and some which aren't. They have a good customer support system that is easy to use and everything they do is clearly laid out on their website with clear guide and instructions.
Do they have a decent mobile or tablet app?
Yes would be the short answer. It is not possible to survive in today's busy world where everything is done online and on the move if you don't have a good mobile offering. Whilst BinaryOptionAutoTrading don't offer an app they do have a fully responsive mobile offering for both smartphones and tablets so that those busy traders who like to trade on the move can check their trading progress wherever they are.
What bonuses are offered for new traders?
The robot software platforms don't offer any bonuses and promotions. They don't need to. Their software is free to use and they receive their payment from the brokers. It is the brokers who offer the bonuses and promotions so if this is a criteria that you will use to select your broker then it is advisable that you check out each one. Once you have found one that offers the right welcome or match deposit bonus then you can select them as the one to use.
Can I start trading on a free demo account?
Not all robot software platforms offer a free demo account and this is the case with BinaryOptionAutoTrading. They do offer a guide to trading for those that are new to auto trading but there is limited information. To be honest with their trades being 100% automated there isn't a lot for the trader to do as there is no option to manually trade which could be one reason for the lack of a demo account.
What's the minimum deposit and trade amount?
As with all automated trading the deposit and minimum trade amount is determined by the broker and their stipulations. Most brokers require a minimum deposit of $250 so this is pretty much standard across the board. When it comes to minimum trading the requirement is usually between $10 and $25 although there are some that offer trades as low as $5 which are often turbo trades.
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