iBinaryOptionRobot Software Review 2017
- US Traders
- 8 Brokers
- 4 Trade Systems
- Mobile Friendly
- Easy to Use
iBinaryOptionRobot is a new automated robot trading software, reportedly developed by a professional binary options trader. The software allows traders to set up automatic trading customised to their own specific settings. Still in its early days, whilst it doesn't have the trading history of the other more established robot software companies, it is starting to make waves in the industry.
Using the 6 popular algorithms including the trend, RSI and CCI indicators, there are also 3 trading systems, Classic, Martingale and Fibonacci, for the trader to create their own bespoke trades. With a number of brokers to choose from and the option to trade with multiple brokers, the site offers mainly trading in currency pairs.
So far the feedback about iBinaryOptionRobot substantiates their claims of 85% returns from the 2,000 or so traders that have used the software, however given that it is still early days it is difficult to predict if this number is truly accurate. Being a new entrant into the binary options arena they still have a lot to prove to compete with the others.
Want to know whether iBinaryOptionRobot is the software for you? In this review you will learn:
- The brokers available to trade with and how each one differs from all the rest
- What robot trading systems are available and why annd when each one should be used
- Some hidden special features of this automated software to help you max profit
The iBinaryOptionRobot platform supports the following brokers:
Established in 2014 by a group of professional traders, Tradorax is built on the Tech Financials platform. Offering expiry times of 60 secs, 2 mins and 5 mins, the minimum deposit required to open an account is $250 with a min trade of $25.
24option is perhaps one of the most recognised names in the binary options industry and is licensed by CySEC. Offering their services in a number of languages they offer expiry times ranging from 60 secs to 5 mins with a minimum deposit of $250 and a min trade of $24.
Launched in 2016, Stern Options are still awaiting their CySEC licensing. Offering expiry times of between 30 secs and 5 mins a minimum deposit of $250 is required with a minimum trade of $10.
Established in 2015 by a team of online financial services experts, WMOption is based in Sofia, Bulgaria. They offer expiry times ranging from 30 secs to 1 hour with a minimum trade of $25 and a minimum deposit of $250.
Established in 2010 and licensed by CySEC, Stockpair operate in accordance with the EU Markets in Financial Instruments (MiFID). They offer expiry times between 30 secs and 1 hour with a minimum deposit requirement of $250 and a minimum trade of $20.
This broker was established in 2013 and is based in London UK. Markets Trading uses the Spot Option trading platform, a popular choice among many traders. They offer expiry times of between 30 secs and 5 mins with a minimum deposit of $250 and a minimum trade of $5.
Established in 2011, Opteck is licensed by CySEC and the IFSC. Considered a wise choice for new and inexperienced traders they offer expiry times of between 60 secs and 1 hour with a minimum deposit of $250 and a minimum trade of $25.
Also known as Binary Capital, BCM was established in 2016 and is already licensed by CySEC. Offering expiry times of between 60 secs and 5 mins, the minimum required deposit is $250 with a minimum trade of $25.
Systems And Payouts
The Classic trading system is the lowest risk trading system but also the one that produces the lowest returns. It is considered more suitable for new or inexperienced traders or those that are perhaps more cautious with their investments.
For those who like to risk a little more and produce greater returns, the Fibonacci system is considered more of a risk than the Classic system but less so than the Martingale. With the Fibonacci system every trade will increase sequentially following each win or loss.
For those that don't mind their account reaching zero quite quickly if trading doesn't go according to plan, the Martingale system produces the greatest results. The risks are greater but so are the returns but like anything the losses can be large too. The Martingale system is more suited to the trader who is more experienced and invests larger amounts.
Latest Winning Trades
Bonuses And Promotions
Some traders aren't interested in bonuses and promotions whilst others will choose their broker based on the sorts of welcome and match deposit bonuses offered. Robot trading software platforms don't offer bonuses and promotions but the brokers that they offer do.
If a bonus or a promotion is an incentive for you then the fact that you have to sign up to a new broker account to use the iBinaryOptionRobot platform means that you should check out what bonuses and promotions are on offer before selecting your bonus. Remember though that the value of the bonus will have to be traded a certain number of times before it can be withdrawn.
Whilst there isn't a mobile app iBinaryOptionRobot do understand that there clients will mostly be accessing their services from a mobile device. The iBinaryOptionRobot trading software is compatible with all tablets and smartphones, whether iOS or Android. If you like to trade on the move then you will find their mobile website easy to use.
Considering the fact that they are such a new entrant to the binary options trading arena you would expect no less and, with no downloads required, you can simply sign up and off you go.
Algorithms And Indicators
As well as choosing your trading system there are also six algorithms or indicators to choose from:
By analysing the trends of assets in the market place the trend indicator will place trades accordingly. It will use the trend system to decide whether to call or put.
Short for Moving Average Convergence Divergence, the MACD indicator is widely used by many traders. Developed in the 1970's the algorithm measures the up and down trends of an asset plotting a zero line to measure performance. This zero line is just one of three measurements used.
Meaning Relative Strength Index, the RSI looks at the strength of an asset. When the price is high people will sell and when the price is low people will buy.
STOCH is short for Stochastic Oscillator. This particular indicator will analyse the market looking at the speed and trend of an asset. Stochastic actually means "having a random probability distribution or pattern that may be analysed statistically but may not be predicted precisely".
The Williams indicator will look for extreme trends in the market to predict how to trade on an asset.
Analysing the average of an assets trend over time, the Commodity Channel will make trades according to those trends.
Special features of the iBinaryOptionRobot trading software include, as with many of their competitors, a free demo account. It costs nothing to sign up to an account and start using their demo platform with no risk. In addition to this you can select the number of trades you want to make at any one time ranging from 1 to 8. You can also choose to switch from automatic trading to manual trading at any time.
Expert Robot Reviews
A popular choice with many online offerings now is the online live chat box which opens up when you visit the site and then sits in the bottom right hand corner of your screen until you need it. In addition to this you can also see the "contact us" link which is prominently displayed at the top of the site with the main menu (not hidden at the bottom like many sites). If you click on this link a message box will open for you to type your message to iBinaryOptionRobot.
Whilst very new to the binary options world and as yet not widely used, the feedback seems to be good so far. The site has been well tested by many professional traders who all report positive results. The brokers that the software is compatible with seem to be some of the more reputable brokers and they tick all the boxes in terms of signals and trading systems.
The website is easy to use, answers all the frequently asked questions and doesn't seem to make any wild claims. With a good, solid mobile offering they are catering for everyone and seem to have built a platform that is reliable and intuitive.
Reviewed by: BinaryOptionsExpert.net
More Robot Reviews
Is iBinaryOptionRobot legit, will they scam me?
Developed by a professional binary options trader, iBinaryOptionRobot is a fairly new, but already reputable, automated trading robot software which offers a choice of well-known brokers, many of which are licensed. The website contains all of the relevant information needed to make an informed decision about whether this is the binary options trading auto trading software for you. Their website is clear and intuitive with good customer support options.
Do they have a decent mobile or tablet app?
Like many of their competitors, iBinaryOptionRobot does not offer an app for Android or iOS but they do of course have a mobile responsive website for those who like to carry out their trading on the go. Simply open up the website on your smartphone and tablet and you can begin trading. There is no software download required so it is easy to just open an account, select your broker and trading settings and start your binary options trading experience.
What bonuses are offered for new traders?
iBinaryOptionRobot do not offer any bonuses to new traders. The bonuses and promotions are not offered by the robot software but instead by the broker. Most offer a welcome bonus or match deposit bonus to encourage traders to open an account with them. It is up to the trader to research the various brokers to see what those incentives are. Then you can choose your broker's based on the criteria that most interest you.
Can I start trading on a free demo account?
Yes, iBinaryOptionRobot offer a free demo account to all traders which is risk free. All you need to do is register your details to open an account and the demo account is made available to you before you start trading with your own funds. This allows traders to get familiar with the trading platform, select their preferred settings and test the performance of the trading software based on these settings before trading with real money.
What's the minimum deposit and trade amount?
This very much depends on the broker that you select when opening up your iBinaryOptionRobot trading account. Each has different requirements for minimum trades although they do all seem to have the same minimum deposit requirement of $250. Some brokers allow you to trade with as little as $5 or $10 per trade although in the main the minimum requirement for a single trade seems to be $25. These requirements are clearly laid out by broker on the website though.