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Best Binary Options Robot: Binary Robot Auto Trading Software - Binoption

Binary Options Robot and Automated trading software are growing faster day by day. However, this article is to inform you about the Binary Robot solution in the market. Each Auto Trading software will provide you with unique and interesting trading features.

We found that some people are confused to trade Binary options for lack of proper knowledge, improper market analysis, trading asset values, and others.

Reality is, binary options trading is an easy and simple trading option to understand. Basically, for its unique characteristics, binary options are a popular choice for low-skilled traders.

However, before entering into the financial marketplace, you should have a basic concept of what is binary options trading.

Binary options auto trading came at the market as a blessing; not only for busy traders but also for others.

Traders need not think about market analyzing and other issues except investing money. The auto trading software will do everything on behalf of traders.

But we suggest you to know properly how to trade binary options profitably which will help you while using auto trading software more precisely. At the same time, it is a dream for every trader to find out a perfect and profitable automated trading that guarantees profits.

Here, we will recommend you the best binary options robots and auto trading software that is web-based, trustworthy, free, and support a good range of reputed brokers.

We are going to explore the best binary options robot and auto trading software list including authentic reviews in our comparison table.

Best Binary Options Robot & Auto Trading Software Comparison With Review

Robot NamePriceMin DepositFeaturesRating
FREE $250

Demo Account: Yes

Mobile Trading: No

Download Require: No

Free AccountRead Review

Demo Account: Yes

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $50

Demo Account: Yes

Mobile Trading: No

Download Require: yes

Free AccountRead Review
FREE $250

Demo Account: Yes

Mobile Trading: No

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: No

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review

What Is An Automated Trading Software?

What Is Automated Trading Software - Binoption

Automated trading software or auto trading robot is a program which generates trading signals depends on the daily market analysis. The trading signal will help you to decide whether to buy or sell the trading instruments.

Mostly, traders get trading signals in two ways. One is generated by human and another is generated by an automated robot.

The software program automatically generates trading orders based on the trading strategy. It will help traders to select which underlying asset is better for future investment.

Moreover, the trading process can be done by fully automatically or semi-automatically, depending on what type of robot software you are looking for.

On the other hand, an auto trading bot allows you to trade when you are not in front of your computer. You need to set or program your bot according to your preference. However, it is wise to analyze the trading market before creating a bot. 

History Of Automated Trading Software / Robot

In 1949, Future INC. was launched by Richard Donchian and by that time, Automated trading system was originated. Under those circumstances of the financial market, he set rules only for buying and selling funds. 

In 1980, the famous trader John Henry started using such strategies via an automated trading robot. The concept of rule-based trading become popular from then. 

After that, the automated trading software has been used by many brokers and financial managers. After launching the first service in the free trading market in 2008, the system has been improving day by day. 

Significantly in 2014, more than 75% of stock shares are traded from automated trading software orders. This revolutionary happened in the United States exchange. 

How An Automated Trading System Works

How Automated Trading System Works - Binoption

It is not preferable to expect that all binary options auto trading software will give you the same features and services. Each automated trading robot works differently from the other one. But, most features remain the same, such as type of trade, the volume of trade, minimum trade, the maximum amount you can lose per day, etc.

So, these sorts of services enable traders to control the portfolio trade by themselves. The trustworthy binary options robot performs the activities of most basic to advanced things.

However, the software works based on a sophisticated trading algorithm. The algorithm helps the auto trading bot to compare trading data with previous years data and predict the market change. 

The automated trading platform requires to connect with the broker’s platform. The specific rules must be written on both the robot and the broker platform. It allows traders to establish specific rules for both enter and exit the trade.

After setting the program,  the auto trading robot will execute the trade via a Computer. You can download the platform in your computer or other devices. However, it is not required for all trading robots. 

Trading robot mainly offers professional data to their traders to help them in trading. Traders will not able to start the system before depositing an initial amount. A few robot software offers a demo account for traders. So that you can backtest the platform before depositing money.

The depositing amount depends on the broker. However, the minimum amount is $250 for most of the software that works in the trading market. 

When To Use An Auto Trading Software?

Remember, without analyzing the market, it is not easy to execute a trade.  Investors need to predict the future price of an asset by analyzing the market or history study. All of these require basic knowledge and the understanding of valuation determinants.

Expert traders and analytics sometimes use some technical terms to represent the market value of any asset. To represent the value, traders use different trading tools, graphs, and indicators. Not only in the Binary Options Trading but also the process is similar for all trading types.

There is no particular time to trade with binary options trading bot. But, it is wise to avoid trading when there is a High Volatile Market (3Bull). To slow down tension, experts brought binary options auto trading software or robot in the market, which will do the work of the traders.

The simplicity of auto trading software is that it performs all chores by its own and trade. But, our recommendation to check the market manually and then set your bot according to a perfect strategy. 

For its tremendous benefit, binary options auto trading software is getting popular among traders. We support fully web-based binary options auto trading software which works fast and smooth.

Relation Between Binary Robot & Compatible Brokers

Relation Between Binary Robot And Compatible Brokers - Binoption

Binary Options Robots or Binary Options Auto trading software is firmly related to binary options trading brokers. In many aspects, there is a relation between auto trading software and broker platform. 

You will not get the same broker platform for each robot. There are more than hundreds of brokers existing in the binary options trading market currently. Not every broker will allow you to use binary options auto trading software. Traders will get both regulated and unregulated broker in a particular robot platform. 

After opening an account with a compatible broker, you will able to trade selected trading instruments. Here it needs to mention that traders can only trade those instruments which are available in a robot platform. 

Binary Options auto trading works with 24 option, IQ Option, Binomo, Olymp Trade, BinaryCent, Binary.com, AVATRADE and other top listed branded brokers.

Is Algo Or Automated Trading Profitable - Earning Possibilities

Earning Possibilities With Binary Options Robot Auto Trading Software - Binoption

Yes! Algo trading is profitable if you set your bot if you pick a winning trading strategy.  Earning possibilities is asked by many traders which is a major concern.

Binary Options software especially used by novice traders who want to earn a quick profit. You can see that auto trading software promise to give a lot of profit.

In reality, it is quite a bit different from the acceptation, you may have from Binary Options Robot or Binary Options software. By the way, so far we have calculated that the win rate with binary options auto trading software can be more than 70%, which is quite high.

At the same time, without having winning strategies, you will lose more money at a faster and consistent way. Robot mainly works tremendously when the market gets volatile. But, don’t take it as financial advice 

Our suggestion is to get some time and check by yourself how much people are really getting by using binary options auto trading software and you can also read this binary options auto trading guide for more knowledge.

Why Traders Lose Money With A Trading Bot

As we mentioned before, without having proper trading strategies, you can’t make money via trading software.

Settings that you will make for a trading robot, must be effective for a certain time. Therefore you will need to be constantly monitored the settings for better performance.

Here are some common reasons for the trader’s failure: 

  • Traders fully rely on robots for market analysis
  • Have a limited idea on when to place a trade.
  • Not interested to check Economic Calendar manually

Signals Vs Binary Options Auto Trading Robots

There is a difference between trading signals and binary options auto trading robot. A trading signal mainly helps a trader to take the trading decision.

On the other hand, the trading robot helps traders to execute a trade by using trading signals. Signals are provided by an expert. Traders need to see the signals and decide by themselves if they want to trade manually or not.

The automated trading robot helps traders to determine when to open and close a position, how much money to invest, which trading strategy to follow, and many more. After getting a proper trading signal, automated trading software place an order to the financial market. 

So, the signal will work as a bridge between the trading robot and the financial market. That’s the main difference between binary options signals and binary options auto trading software or robots.

How To Choose The Best Binary Trading Robot Software

There are so many trading bots you will find online.  But, still, traders are struggling to choose the best one. Because not all trading bots will bring money in your bag.  

Fortunately, a certain number of traders found a way to make the trade profitable. If you run your trading bot without proper settings, then it is not worthy to expect profits. The robot trading is still useful if you make it happen. 

In this phase, we will mention some factors that you need to remember while choosing a robot:

  • Are brokers licensed or not
  • Trade indicators and methods
  • Demo account
  • Establishment date
  • Company Information

Generally, trading bots are not regulated by any regulatory bodies. So it is quite tough to figure out whether the automated bot is legitimate or not. However, the establishment date and company information are enough to find out the stability of trading software.

On the other hand, you can gather the necessary information from different forums. 

7 Signs Of Scam Automated Trading Bots - Binary Bots

Once you got scammed with a robot, you will lose your all money. Moreover, it will be hard to withdraw profits from the platform. Automated trading software mostly targets novice traders as they have limited knowledge.

Let’s have a look at those signs that indicates a particular robot is a scam:

  • Unrealistic profit percentage
  • Unverified trading history 
  • A huge negative reviews from authority sites
  • Insufficient company information
  • Lack of transparency 
  • Trading data manipulation
  • Complicated terms and conditions

Automated Binary Robot Trading - Demo Account

Binary Robot Trading Demo Account - Binoption

At this time, most of the trading robots are not offering a demo trading account for their traders. The availability of demo account now depends on the supported broker platform. 

So, there is no opportunity to use a free account by signing up with a particular robot. In other terms, the price varies from robot to robot, even the criteria as well as.

Some of the robots will require a monthly subscription fee, and others will not. Some can be connected with a list of brokers; other robots’ list can be different.

You can also contact with the compatible broker platform to know whether they are accepting a demo account or not. However, a demo trading account will help you to know the platform before depositing the initial amount. 

Advantages of Automated Trading Robot Software

Automated Trading Robot Software Advantages - Binoption

A few advantages or benefits are available to trade with the automated trading robot.  The first advantage is to minimize emotion when trading the market place. 

Trading emotion will affect traders when they perform any trade. Remember, a computer program is not capable to show emotions.  It also helps traders to place an order in a disciplined way when the market gets volatile. 

Apart from this advantage, the automated trading robot will help us: 

  • It helps traders to achieve consistency
  • Will help you to improve order entry speed
  • Allows traders to diversify their portfolio
  • Will provide you with an opportunity to earn passive income

Disadvantages of Auto Trading Robot Software

Along with the benefits, there are also some disadvantages or drawbacks of auto trading robot. You have to strongly overcome these disadvantages if you want to make money from Algo trading. 

We are going to list below those drawbacks: 

  • Time to time monitor
  • Sometimes traders get over-confident after doing backtesting
  • Damage the real economy. 
  • Some companies are scammed people by showing a false result
  • You will not learn much about the trading if you use robot software

Final Words

Binary Options Auto Trading Software That Works - Binoption

It is important to realize that if you don’t know how to trade with binary robot, you can quickly lose your money. From time to time, robot providers are improving so many things for helping traders.

Unfortunately, some providers promise a higher return rate to impress traders and scammed their money. So you have to be more careful while selecting a robot platform.

Always try to complete your research before putting your money here and there. Finally, it can be a helpful trading tool if you utilize it correctly. 

Find out more about autotrading from the references below.

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