OptionRobot.com Software Review 2017
- US Traders
- 8 Brokers
- 3 Trade Systems
- Mobile Friendly
- Easy to Use
Developed in 2014 by European software developers, OptionRobot.com has established itself as one of the most trusted and recognised auto trading platforms available in the binary options marketplace. Offering a choice of some of the most reputable brokers, they have managed to carve out an excellent name for themselves as the industry has become flooded with other robot software offerings.
The platform offers 3 trading systems; the Classic, Martingale and Fibonacci system as well as 6 of the most popular indicators for the trader to choose from. It is down to you, the investor, to choose how you trade and in doing so your results will never be the same as the next person.
What makes OptionRobot.com stand out, amongst many other factors, is the fact that they don't make lots of exaggerated claims about the sort of success you can have if you choose to trade with them. Their website is very straightforward and essentially what you see is what you get. They prefer to let their results do the talking for them.
What does OptionRobot.com offer binary options traders? In this review you will learn:
- The brokers that the software is compatible with and the differences between them
- How the trading systems work and the settings required to make them function
- All the benefits of using the OptionRobot.com software and if it can help you trade
OptionRobot.com is compatible with the following binary options brokers:
Headquartered in Cyprus, BDSwiss (Banc de Swiss) offer 60 second, 5 minute, 10 minute 15 minute, 30 minute and 1 hour trades. With a minimum deposit of $250 required they offer 85% returns.
Based in Belize and licensed by the IFSC, FMTrader offer 60 second, 90 second, 2 minute, 3 minute and 5 minute trades. A minimum trade of $5 is required with an opening deposit of $250.
Launched in 2016 thus a newer entrant to the options market, Dinero Libre primarily focuses on a South American client base. They offer the same options as many of the other brokers; 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minute expiry times.
Licensed by IFSC and CySEC, Opteck was established in 2011. As one of the more established traders they have built a good reputation for themselves and offer a wide range of assets on their trading platform available to trade in 60 second, 5, 10, 15, 30 minute and 1 hour expiry times.
A UK based broker, established in 2011, EmpireOption is owned by Baumann & Kraus Enterprises Ltd. The offer expiry times of 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour.
With a minimum trade size of $24 and 88% returns, 24option was launched in 2012 and is CySEC regulated. They have built up a trusted and recognised brand during this time and offer trading in 8 different currencies. Like many brokers they offer expiry times of 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minutes.
Located in London, UK, BinaryTilt was established in 2013 and is owned by Chemmi Holdings Ltd. With a minimum trade size of $10 and a minimum deposit requirement of $250 they offer expiry times of 60 seconds, 90 seconds, 2, 3 and 5 minutes.
Stockpair is licensed by CySEC and specialise in binary options and pair options. As one of the more established brokers they launched in 2010. Current expiry times offered are 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour.
Systems And Payouts
The oldest and perhaps the most trusted trading system the Classic system is probably the most suitable for the newbie trader or those not wanting to invest large amounts of money. Whilst the returns aren't as large as with other trading systems neither are the losses making this the least risky system of the three offered.
The Martingale system is more suited to those that want to win big in a short space of time and are prepared to invest larger amounts. The system places higher risk trades which result in higher payouts.
The Fibonacci trading system is most suited to those looking for big payouts without the higher risks such as those associated with the Martingale system. It automatically increases the trade size in sequence after each win or loss. This gives the trader the opportunity to win big but also carries the risk of bigger losses.
Latest Winning Trades
Bonuses And Promotions
Unlike brokers, robot software does not offer any bonuses or promotion to open an account with them. If this is something that is important to your trading experience it is recommended that you analyse the brokers offered by this particular robot trading software and choose from their deposits and promotions.
For some traders struggling to make the decision of who to trade with, you may be swayed by a welcome bonus or a match deposit bonus. These bonuses are usually awarded upon sign up but only available for withdrawal once the bonus amount has been traded a significant number of times.
Whilst the OptionsRobot.com is a browser based software it is compatible with those who like to trade on the move with both tablet and smartphone compatibility. In an age where most actions are carried out on a mobile device it is critical to the success of any broker or robot trading software to be available to those who transact largely from their phone.
Whilst OptionRobot.com is mobile compatible there is no app available on iOS or Android for those traders who like to have notifications so trading must be conducted via mobile internet browsers.
Algorithms And Indicators
Trading robots use various indicators to place their trades of which the broker can choose their preferred method from the following:
The trend indicator, like the name suggests, uses current trends in the market to place the next trade using the information to decide whether to call or put.
Relative Strength Index follows the people's choice. When prices are high many people will sell, when they are low they will buy.
The Williams indicator looks for the extremes in the markets. If there is a particular area doing very well, or indeed the opposite, it will use these factors to trade.
Moving Average Convergence Divergence is a popular indicator that was developed in the 1970's. It is used to measure upward trends and downward trends of assets by plotting a zero line.
Stochastic Oscillator. The meaning of Stochastic is "having a random probability distribution or pattern that may be analysed statistically but may not be predicted precisely". In simpler terms it looks at the speed and trend of the market to predict the movement of assets.
The Commodity Channel Index uses the average of trends overtime to make trades based on these averages.
Not so much something that is regularly listed among special features but it has to be said that the ease of use of the OptionRobot.com platform is commendable. It is not difficult to find what you are looking for and they offer a comprehensive explanation and reviews of the various brokers along with trading systems, signal indicators and even a demo platform for those who wish to use the platform before they start trading with real money.
Expert Robot Reviews
Live chat is available whilst you are on the website, in fact the chat box pops up with an online chat advisor asking what they can help you with. If you prefer to communicate via another method you can scroll down to the bottom of the page for the "Contact Us" link which gives you the option to send an e-mail or refer to the FAQ's to answer any questions you may have.
All things considered OptionRobot.com seem to have one of the best auto trading platforms on offer across the industry. They have a reputation for much success and their payouts speak for themselves.
If there are any negatives it would be that if you have an existing binary options account with a broker you cannot use this. You have to open a new account when you sign up to the software. Aside from this though they offer everything a trader requires to trade on the go with good customer support and a choice of trading options.
Reviewed by: BinaryOptionsExpert.net
More Robot Reviews
Is OptionRobot.com legit, will they scam me?
OptionRobot.com are one of the most recognised names in the binary options world and their auto trading robot software has been widely used since its inception in 2014. They offer a choice of brokers, many of whom are licensed, and their offering and terms are very clearly and concisely displayed on their website. They offer good customer support with advisors available for live chat 24/7. Rather than making lots of bold claims about how good they are they seem to let their results do the talking.
Do they have a decent mobile or tablet app?
Any decent online platform has to offer a good mobile trading experience in order to survive in this world of modern technology and transacting on the move. Whilst OptionRobot.com , like many auto trading robots, don't offer a mobile app they do have a fully responsive mobile website for both Android and iOS which works on smartphones and tablets. This allows traders the opportunity to trade on the move wherever they are in the world.
What bonuses are offered for new traders?
Unlike binary options brokers, robot auto trading platforms do not offer bonuses and promotions for signing up to an account or making a deposit. It is an incentive usually provided by a broker to encourage traders to sign up to their platform. It is advisable to research all of the supported brokers to see what welcome bonuses or match deposit bonuses they offer before selecting the one that you want to use.
Can I start trading on a free demo account?
OptionRobot.com do not seem to offer a free demo account to trader, the steps of trading are clearly laid on their website and their intuitive platform is easy to navigate. There are clear instructions of the various trend indicators and trading systems are also explained which perhaps removes the need for a demo platform to get to grips with the system before trading. They do however invite you to ask any questions you may have or concerns about using the system.
What's the minimum deposit and trade amount?
The minimum deposit required is $250 with most of the supported brokers. This is fairly standard across the board and you won't find many supported who don't require this as a minimum deposit. When it comes to trading amounts though this does vary from broker to broker with some offering smaller trades than others. In general minimum trade sizes tend to vary from $10 to $25.