While the idea of trading binary options is quite simple, this is one of the most misunderstood financial instruments. Unlike the traditional options, they offer a viable alternative to hedging and speculating. Binary options operate on the principle of all-or-nothing where a trader risks some funds for a predetermined amount. If you’re not sure of the trading strategy to use, a binary option robot can increase your odds for success. It utilizes algorithms to observe the trading signals/indicators and then executes trades on your behalf. But all binary robots are not the same. It’s unfortunate some come with fake promises of earning huge profits in no time – this is just a marketing gimmick.
If you’ve just started trading binary options but you don’t know that best robot to use, we’ve done the legwork for you. Option Robot is authentic and delivers maximum returns. Here is a quick guide on the best binary option robot review. Let’s jump right in!
About Option Robot
This is one of the most trusted trading software in the binary options marketplace. It was developed by European Software Developers in 2014 with the goal of helping traders make money from the financial market. To use the robot, you don’t need any trading experience. In 2017, Option Robot was voted the best top 3 automated systems in the industry.
How does Option Robot work?
The robot utilizes three trading systems: Martingale, Fibonacci, and Classic systems. Martingale system places high-risk trades and guarantees higher payouts. It’s best suited for traders looking for big wins within a short period. On the other hand, the Fibonacci system is suited for traders looking for higher payouts without risking too much. Although it’s a bit complicated to understand, you can always read all the details from the website to get an idea of how it works. In the Fibonacci system, the trade size changes based on win/loss sequence. Lastly, the classic system is suited for beginners who want to start small. These three systems work best when you use a trading window of 30 seconds to one hour.
Once you sign up, you can configure the software to your liking. You can choose the technical indicator you want and adjust things like the number of trades placed, accuracy rate, and the amount invested. The common indicators include Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Commodity Channel Index (CCI), Stochastic Oscillator, and Williams Percentage Change Indicator. Let’s say you’re using RSI; the trading platform will automatically execute the trade without any effort from your part. Keep in mind, you can run all the indicators concurrently or deactivate some.
Option Robot Brokers
Option Robot robot has access to some of the reputable brokers in the industry. They include 4XFX, Trade Toro, GFC investment, Binex, Brighter Trade, Millennium-FX, eMarketsTrade, Stockpair, EmpireOption, 24Option, FM Trader, and Capital traders. This robot does not require any downloads – all you need is to match the software with a broker. Needless to say, you have an opportunity of choosing a trader according to your needs. But before you use the robot, it’s important that you learn what every broker offers. At the end of the day, you want to feel comfortable with the money you’ve invested.
Getting started with Option Robot
First, you have to create an account and add funds. During the registration process, you’ll find the brokers who are compatible with the robot. The process is straightforward – all you have to do is provide a name, username, and an email address. Once you’ve filled all the information, start the `auto trading option’ and the robot will do its magic.
You are in full control of the amount you want to commit on each trade and how long you want the trade to last. Of course, you can always raise the value. Option Robot will calculate the right amount for each trade to ensure you close the day in the profit territory. The minimum initial deposit to start trading is $200 which is quite low compared to the competition. This is pretty standard in the industry.
Option Robot Demo Account
A demo is a virtual account that allows traders to harness their skills and look for a strategy that works. This is the best platform to work on your money management skills. Just like the real account, you can use the indicators and adjust them to your liking. What is even more interesting is the fact that you don’t have to download the software. You simply transfer the login details of the real account to the demo account. While the percentage of returns will fluctuate in a real account, there is no reduction in the payout percentage when using a demo account.
Option Robot is not only browser-based; it’s also compatible with tablets and smartphones. This makes it the best robot to use if you’re always on the go.
Earning possibilities with Option Robot
This is arguably one of the major concerns for traders in the binary options market. According to the developer, the win rate is approximately 83% which is quite high. It’s worth mention this works well when there is high volatility in the market. The Fibonacci system will help you minimize risk by a considerable margin.
The robot comes with a live support feature where you can talk to a dedicated team of customer service representatives. Alternatively, you can refer to the FAQ page or send an email and the representatives will get back you immediately.
- Browser-based software
- Comes with three money management systems and six powerful indicators
- Can be customized to suit your needs
- Excellent chat live support service
- Easy to use
- The mobile platform is not compatible with iOS devices
Is OptionRobot a scam?
No. There is a lot of information to support this. If you look at the risk disclosure, they’ve put it in black and white – option trading is risky. This gives you an idea of what you’re getting yourself into. What’s more, they don’t promise a questionable success rate. Not to mention, the team of experts strives to bring the best features to boost your winnings. If you’ve done some background check, you’ll find all brokers are regulated which guarantees the safety of your funds.
From the above binary option robot review, its clear Option Robot is legitimate trading software. One benefit of using this robot is that everything is 100% automated. Secondly, you can use any or all six indicators to suit your preferences. Option Robot is best suited for traders who want to broaden their portfolio without additional strain or unnecessary risk. And because it’s held in the cloud, you can use it from any part of the world.