Binary Option Robot Review
It is not always that you find a binary options signal service that is as fully automated as Binary Option Robot is. This signals service prides itself in putting you, the signal subscriber, in the driver’s seat when it comes to leveraging a professional’s experience to make money from the binary options market. The signal service also gives you all the tools you need to create a trading strategy from its highly advanced signal copying technology. Ever heard of Reverse Trading? Well, that is one of the features Binary Option Robot offers to its members, and believe it or not, it is a stroke of genius. Read on to find out why as you also learn more about other Binary Option Robot features.
Binary Option Robot Features
A Sophisticated Trading Algorithm
The centerpiece of Binary Option Robot’s service is its highly sophisticated algorithm, which has the capacity to aggregate information from various sources, analyze it, and predict how asset prices will change in future. You don’t even need to download any software to use this company’s signal copying service, which should free you from the responsibility of having to carry out regular software updates down the road.
An Adequate Choice Of Trading Assets
With this signal service, you can expect signals from popular currency pairs such as the EUR/USD, EUR/GBP, GBP/USD, USD/CHF, GBP/JPY, AUD/CHF, AUD/USD, GBP/AUD, GBP/CAD, EUR/CAD, EUR/AUD and others. You can also trade in commodities like oil among other financial assets. The service even allows for use of multiple strategies within the same account, and this means you can trade a couple of assets simultaneously.
Cost Free Accounts
It won’t cost you a dime to open and maintain an account with Binary Option Robot – the service is 100% free. Even a VIP account, which allows you to pick among signals with high, medium, moderate and low risk levels, costs nothing to open at the moment.
A High-Quality Selection Of Professional Traders
The algorithmic signals produced by Binary Option Robot are submitted to real human PRO Traders for further vetting before being sent to you. These professional traders (Signal Providers) employ fundamental analysis and other factors to decide which signals provide the best opportunities before submitting them to the automated trading system.
You can pick and choose from various Signal Providers when using Binary Option Robot. Furthermore, these traders are professionals working exclusively for the company. At the moment, BinaryOptionRobot has five professional traders who provide signals for you when you intially sign up: Pro Trader Katrina, Pro Trader Liberty, Pro Trader Michael, Pro Trader Mircea and Pro Trader Sergiy.
The Binary Option Robot puts you in full control!
A Broad Choice Of Brokers
The company’s automatic signals are compatible with very many brokers. In fact, you can open an account with any of a dozen or more supported binary brokers. This also means you will receive highly accurate signals if you stick to these brokerage companies. Chances are, if you use a broker that is worth its salt, Binary Option Robot has the capability to let you get its signals automatically copied to your account with that broker. Some of the brokers you can use with Binary Option Robot include 24option, RBinary, Interactive Options, Bloombex Options, CherryTrade, RBOptions, Bank De Binary, Option FM and several others. 24option is one of the two largest brokers in the industry and most definitely one of the most reputable. 24option is regulated in the EU by multiple bodies including : CySec, AMF, BaFin, CONSOB & FCA. Due to the fact that they closely guard their reputation, 24option does not associate itself with the scam signals and robots that are now so prevalent. So their involvement with Binary Option Robot can be seen as an endorsement in itself. You can read our full review of 24option here.
During the sign up process the system will filter and display the broker options available for your geographical region based on your IP address. The broker selection is constantly being revised, so the above may not necessarily reflect the current offerings.
Good USA Broker Options
And don’t believe that the interests of US traders have been left out. Binary Option Robot provides US traders with a decent selection of brokers that includes EmpireOption, Tradorax and Finpari. EmpireOption is the most popular binary options broker in Spanish and Portuguese speaking countries. They also have a large base of US clients. EmpireOption is regulated in Uruguay by the WTC FreeZone. They are also in the process of applying for CySec regulation. EmpireOption was voted the “Best Binary Options Broker” by FXEmpire in 2013. EmpireOption is no longer directly accepting new US clients. However, by special arrangement US traders can still become members of EmpireOption if they join via Binary Option Robot through this site. Signing up through Binary Option Robot does not prevent you from trading manually. So even for US traders who may not be interested in autotrading and just want to have access to a great offshore broker that is regulated and has a wide array of assets (100+), this loophole is a great option. However, we can’t guarantee how much longer it will remain open. MarketsWorld (not a Binary Option Robot supported broker) accepts US clients and is regulated by the GSC in the Isle Of Man but the selection of assets is quite limited in comparison.
As mentioned earlier, this company also offers the Reverse Trading feature. With this innovative concept, you can trade opposite to what the signal is trading. So, that signal you find consistently closing its transactions out of the money could be your golden ticket to binary trading profitability. Come to think of it, failing traders in the financial markets tend to be very persistent, while successes tend to be quite fickle. So, the Reverse Trading feature could be an interesting way for you to make a killing from this peculiar reality about the binary options market. And make no bones about it, Binary Option Robot does not make any unfounded claims about the performance of their Signal Providers. Their past performances are fully transparent and viewable on their website. If a Signal Provider is having a losing streak, no attempt is made to cover it up. However, when this happens a great opportunity to profit from Reverse Trading may have arisen.
If you like having as much control over your trading as you can possibly get, Binary Option Robot offers it in spades. For instance, you can set automatic stops so that you don’t lose more per day than you intend to in case your signal provider experiences a nasty losing streak.
Summary of some recent past performance stats taken from binaryoptionrobot.com.
*Past performance is not a guarantee of future returns
How To Get Started With Binary Option Robot Signals
Opening an account with this service service is pretty simple. You just need to click on the “Open Account” link and fill in a few personal details. While at it, you will also be able to choose your trading preferences, but these can be changed at any time if you so wish. The minimum deposit depends on your chosen broker’s policies regarding the matter. You are required to open a new account with one of the brokers from the recommended list in order for it to be integrated with the Binary Option Robot autotrading platform – existing accounts cannot be linked to the service.
If you make an initial deposit to your account within 48 hours of registering, you will receive one month’s free VIP access. VIP access currently allows you to select the Risk Level of the signals you wish to trade. Other VIP features will be added in the near future. You can also get extra free VIP access by referring a friend. If both you and the friend deposit, you each get an additional 2 months free VIP access. In addition you can obtain an extra 3 months VIP access by simply depositing to a second broker. This will also allow you to receive signals from an additional Signal Provider.
Binary Option Robot Customer Support
Binary Option Robot support can be reached through the contact form on its site, or by live chat. The company also provides a comprehensive FAQ section that will in all likelihood solve all but a few questions you might have about this company’s signals and their use. In general, you can count on the company’s support team to assist you with any issues of concern. The site is also secure for handling private customer information, processing payments, and keeping all its information safe from security breaches.
The company has a tutorial on how to use its platform for traders who have just signed up. However, when it is all said and done, the platform is very user friendly, and you should not have trouble using various inbuilt features to accomplish your trading goals. Of course, you can also contact support in case you get stuck somewhere. Additional information on the site includes news that can be impactful to binary options trading, for instance, base interest rate changes and so forth.
Binary Option Robot has already bagged two awards for its great trading services: a “Best Auto Trading Robot” award in both 2014 and 2015. What this signal trading service offers may not be anything out of the ordinary in forex trading, but it is a refreshingly unique feature in binary options trading. Interestingly, this service will cost you nothing, and yet will give you high quality services that include an unmatched level of customization which ensures you have complete control over your trading. So, if you have been scouring the Intenet in search of a reliable automated binary options signal service, you should feel free to sign up with Binary Option Robot without a moment’s hesitation.