BinBot Pro Review: Profitable Auto Trading or a Scam?

Last Updated: 20.10.19
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Home» Binary Options Robots » BinBot Pro Review: Profitable Auto Trading or a Scam?
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4.8 Binoption Binbot Pro

BinBot Pro Review: Profitable Auto Trading or a Scam?

Reviews for automated trading systems like BinBot Pro are the most sought after.

This is because auto trading is the newest trend in the world of trading. Many traders are confused about how auto trading work or are skeptical about it.

But we are here to the rescue!

In this review, we will go through the features of BinBot Pro to see how it works, how well it delivers on its promises and most importantly, you can know if it is a scam or not.

Automated trading systems like BinBot Pro allow auto trading with the help of trading algorithms. 

Apart from this bot, we are recommending you to have a look at another binary options robot named CentoBot

The trader has to set some rules such as risk levels, entry and exit stipulations, and leverage and the rest will be done by the auto trader.

The traders can then relax and not worry about monitoring their positions.

This has made trading robots very popular and in demand. As a result, the market is now flooded with tons of trading robots.

As a trader who’s looking for a reliable robot, it might become difficult to choose one. Our Review on BinBot Pro will clear that doubt for you.

Let’s start.

BinBot Pro Review: What is BinBot Pro?

High Capital Risk Is Involved In Financial Trading

BinBot Pro is a Binary Options Robot that offers automated trading to its users.

It was established in the year 2016 and has been offering an automated trading service since then.

There are multiple robots available for that trades on your behalf.

You can also customize them to match your requirements.

Each trading robot follows a different strategy and you can choose the one that you think will work the best for you.

BinBot Pro has partnered with BinaryCent, VideForex, and RaceOption which are online brokers.

You carry out transactions like deposits and withdrawals through these brokers.

We will discuss more on these brokers later in the review.

Trading robots have been popping up left and right due to the increased demand for automated trading.

Unfortunately, not all trading robots have proven to be effective.

They enter and disappear from the market without anyone noticing.

This proves that you cannot expect to provide poor service and survive in the market.

BinBot Pro has been going strong ever since it was released in 2016.

It has gained popularity among traders quickly and has become one of the best-automated trading systems currently.

In 2016, they won the award for the best binary robot.

Why Choose BinBot Pro?

BinBot Pro offers certain features that you cannot overlook.

Let’s see the reasons as to why you should choose BinBot Pro as your preferred choice of the trading robot.

  • Offers profitable auto-trading
  • Even new traders can make large profits
  • Easy registration process
  • Returns as high as 90%
  • Demo account offered
  • Award-winning automated trading
  • Robots have a profit rate up to 300%
  • Provides services to many countries around the globe
  • Major forex pairs as binary options
  • Popular Crypto assets
  • A minimum deposit fee of $250
  • Manual customization of trading robots
  • Fast and reliable platform
  • Dedicated customer support

BinBot Pro Live Trading Video, Results and Withdrawal

BinBot Pro Sign-up and Login

The account creation process is quick and hassle-free.

The process is described below:

Click on the ‘Registration’ button below to start your registration process.

In the registration form, enter your first name, last name, phone number, preferred currency, password, and select the broker.

Based on your preference, you can choose between any of the 3 compatible brokers.

Click on the checkbox that asks you to confirm you are a non-US citizen or stay outside of the US territory.

Re-check all your information and then click on the ‘register for free’ button.

Your account creation is completed and you can start trading.

To log in into your account, just use your provided email address and password.

High Capital Risk Is Involved In Financial Trading

Golden Rules To Avoid Trading Loss

BinBot Pro will not bring FREE MONEY for you. Traders need to set trading bot according to the market movement. After opening the trading dashboard, you will find a list of trading robots. 

But, our suggestion is to make your trading bot according to the market condition and fundamental news.

We are encouraging you to read an informative blog post on BinBot Pro. The mentioned blog post will show you the path so that, you can generate the highest profit margin through volatile pairs.

Before creation, you have some golden rules that help you to earn profit from each trade. 

These are: 

  • Do not allow your bot to place more than 6 trades in one day
  • Analyze the market manually before placing a new trade
  • Do not rise your investment after 4 to 5 winning trades
  • Trading with crypto pairs is not recommended, when market is bearish
  • Avoid trading on Friday and Monday Morning.
  • Avoid high volatile market and trade when the market is stable

After following these above golden rules, it is time to set your bot.

So, please have a look at how to create a bot

How To Create A Own Bot:

It is wise to create a bot before each trading session. For that, you have to analyze the market and check the economic calendar. 

  • Select “Create my own bot”
  • Create a name of your trading bot with date and time
  • Select the trading assets
  • In Indicators, select MACD, CCI, RSI, and STOCHASTIC. Avoid ADX and AROON. 
  • According to the market condition, change the trading time
  • Run the bot. It will automatically place trades on the broker’s platform.

High Capital Risk Is Involved In Financial Trading

BinBot Pro Supported Brokers

BinBot Pro offers 3 brokers: BinaryCent, VideForex, and RaceOption. Each of these broker offer solid trading solutions and you can’t go wrong with any of them. 

We will briefly describe the features of each broker in this section.

BinaryCent

BinaryCent BinBot Pro Broker-Binoption

BinaryCent is an online trading platform which was founded in the year 2016. It is managed by Cent Project Ltd., which is a subsidiary of Finance Group Corp.

The company is based in Vanuatu where their head office is located in Transpacific Haus, Lini Highway, Vanuatu.

BinaryCent is regulated by the Vanuatu Financial Services Commission (VFSC). They guarantee withdrawals processing within 1 hour.

BinaryCent’s focus lies on small traders and hence their minimum deposit and investment are very low.

You need to deposit a minimum of $250 to start trading and the minimum trade investment is only $0.1.

This is one of the lowest we have seen and is beneficial for small and new traders.You get leverage up to 1:100 on trading assets.

BinaryCent offers binary options along with forex and CFDs in their trading portfolio.

Recently they have added cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Zcash, Monero, BCH, Dash, PrimeCoin, Reddcoin, and many others.

BinaryCent offers customer support through live web chat or through the telephone.

BinaryCent has its proprietary trading platform for trading. The platform is web-based which means you don’t have to download separate software for trading.

The platform is user-friendly and trade execution happens without any delay. They also offer mobile trading on the iOS and Android.

They have the same features and functionalities as the web-platform.

There are three different types of trading accounts on BinaryCent; Bronze, silver, and gold. Silver and gold accounts offer extra benefits and bonuses to traders.

Speaking of bonuses, traders get rewarded with bonuses for the deposit they make.

Depending on the type of account they choose to create, they get rewarded with 20%-100% bonus.

All these features make BinaryCent a great choice to be BinBot Pro’s broker.

High Capital Risk Is Involved In Financial Trading

VideForex

VideForex BinBot Pro Broker-Binoption

VideForex is a Forex, CFD, and Binary Options broker that has been operating since 2017. 

They require a minimum deposit of $250 to start trading. When you make a deposit, you get a 100% deposit bonus.

Similar to BinaryCent, this broker offers a proprietary trading platform. The interface looks great and the platform is web-based, so no extra downloads are required.

Spreads and commissions are competitive in VideForex. Spread is dynamic and depends from market to market. 

You can trade with a maximum leverage of 1:100. The web platform is currently the only platform you can trade on. 

There is no mobile app to trade but we can expect one in the near future. 

Speaking of payment methods, you have multiple payment methods. This includes bank transfer, credit card, crypto such as bitcoin, ethereum, litecoins, and other altcoins.

You can also pay using Skrill, Neteller, and Perfect Money. So you have a lot of flexibility in payments.

Deposits are instant and withdrawals take an average of one hour to process. 

There are three account types offered by VideForex: Bronze, Silver, and Gold. With a silver account, you need to deposit $1000, and a gold account requires a minimum of $3000.

Overall, this broker is great for CFD, and Binary Options trading. Coupled with BinBot Pro, auto trading is made easy with this innovative broker. 

High Capital Risk Is Involved In Financial Trading

RaceOption

RaceOption BinBot Pro Broker-Binoption

RaceOption is a UK based broker that started its operations in 2014. What’s unique about this broker is that they accept traders from the U.S

RaceOption offers more than 150 trading assets which includes CFD, Forex, and Binary Options. 

Other salient features of this broker include a proprietary software, ultra-fast withdrawals, and regular trading contests. 

You can take part in weekly contests which has  a prize money of $20000. 40 winners are chosen every week and you can be one of them if you trade profitably. 

There are three account types offered by RaceOption: Bronze, Silver, and Gold. With a silver account, you need to deposit $1000, and a gold account requires a minimum of $3000.

There is deposit bonus which depends on your deposit amount. It ranges from 20%-100% of your deposit. 

Currently, they also have a giveaway running where you can win attractive prizes. 

They have a mobile app which is offered in both Google Play Store and iOS store. 

RaceOption offers a great customer service with swift response time. In conclusion, RaceOption, along with VideForex, and BinaryCent serve as  perfect brokers to couple with BinBot Pro.

High Capital Risk Is Involved In Financial Trading

Top Robots - Created By BinBot Pro

BinBot Pro ranks robots on the basis of profits they generate for traders.

Here are some of the top performing robots for BinBot Pro:

This robot is currently the most profitable robot with profits of more than 303%.

Crypto ADX 2.0 utilizes the ADX indicator along with RSI and STOCH.

This robot does by minute-by-minute analysis of each cryptocurrency.

This top performing robot has a profit rate of over 300%.

The strategy used in this robot involves matching the RSI with the moving average cross indicator.

The robot buys or sells when it matches with the RSI overbought or oversold signal.

The signal is maintained until an opposite signal is received.

The minimum deposit for this robot is $3000 and its algorithm level is at 5 points.

This robot opens and closes trades based on signals from CCI and SRSI.

If the signal from these is in an opposite direction, the trade is executed.

The minimum deposit amount is $1000 and its algorithm level is at 6 points.

Its profit level is around 250%.

This robot is designed mainly for the crypto-forex pairs such as BTC/USD, LTC/USD, ETH/USD, and BCH/USD pair.

It was created in Japan and is gaining popularity due to its high profitability.

It uses 4 indicators for technical analysis.

The minimum deposit required to use this robot is $1000 and its algorithm level is at 5 points.

This robot functions on the positivity of the market signals.

If the signals are positive, the robot makes a trade.

It uses a combination of macroeconomic indicators for testing the market signals.

You need to deposit $250 to use this robot and its algorithm level is at 4 points.

HP cycles use a momentum based strategy which is based on a low-frequency trend of spot exchange rate.

It uses short-term momentum to generate a call and put signals.

The minimum deposit required is $250 and its algorithm level is at 5 points.

ADM index is used to find out the trend’s strength.

If ADM index rises above 25, the robot proceeds to trade.

The minimum deposit required is $250 and its algorithm level is at 8 points.

This strategy depends on traders looking to go NFP with full positions.

The minimum deposit required is $250 and its algorithm level is at 4 points.

This robot employs the Bollinger band, which is a statistical chart.

This is used when there is a restricted range of price movement.

The Bollinger band defines a limit for short-term price change.

The minimum deposit required is $250 and its algorithm level is at 7 points.

This robot enters a trade when the Relative Vigor Index and moving averages intersect.

It exits the trade when the MA moves against the position.

The minimum deposit required is $250 and the algorithm level is at 4 points.

High Capital Risk Is Involved In Financial Trading

BinBot Pro Settings and Trading Platform

BinBot Pro’s auto trading platform is available on the web.

You don’t need any separate software for trading which is convenient for many traders.

The whole auto-trading is revolved around following a trading robot which is available from the list of robots.

The platform displays the top 10 performing robots based on the profit level they generate.

Note that you can either copy the robot directly by letting it do all the trading for you or you can customize the robot to suit your needs.

You can also create a robot from scratch if you have the necessary trading experience.

Let’s take a look at the process of robot creation.

Robot Creation:
On the left side of the trading platform, there is a ‘create my robot’ button. Click on it to start the robot creation process.

Choose a name for your robot. You can give it any name you desire but by adding a relevant name, you can easily remember its strategy and even others can benefit from it.

Select the assets that you want to include in your robot. You need to select at least one asset to add to your robot. You can select all the available assets too.

The next step is to adjust the ‘buy-sell’ sliders for the assets you have selected. The buy-sell is displayed in five levels. Each level is further divided into three sub-levels. This is done for the sake of fine-precise tuning of the slider. You can adjust the slider at any level. It is free to move, even between sub-levels.

Once you have adjusted all the sliders, the next step is to configure the indicators. Indicators are a part of analysis tools where they are mathematical calculations based on previous price and volume to predict the future market direction. BinBot Pro’s robot creation offers 6 different types of indicators. You need to choose at least 3 different types of indicators. Another thing you need to configure is the time period for the indicator to run. It starts at 1 minute and lasts till the time you specify. We will take a brief look at these indicators in the next section so you can get a better idea of their purpose.

You can choose to make your trading robot public by clicking on the ‘public’ toggle. By making your robot public, others can use it and benefit from it. If you wish to keep your robot private, disable the toggle. Click on the ‘Save’ button to complete the robot creation process.

BinBot Pro Indicators:

There are 6 different types of indicators available in BinBot Pro:

ADM stands for Average Directional Movement. It is an indicator that indicates the trend strength. It can determine when the price of an asset will trend strongly. This strength indication can be bi-directional, i.e. both upwards and downwards.

Donald Lambert developed this indicator. That identifies new trends. You can use this indicator for commodities mainly. However, you can also use it for forex pairs. In this indicator, the current price of an asset is compared with the average price of the asset over a certain period of time.

The momentum indicator measures the momentum in price change by comparing the current price of an asset with the previous price of the asset. Depending on the period specified, it will compare the current price and the price n-period ago.

RSI stands for Relative Strength Index. You can compare and measure the recent prize changes with this momentum indicator. And from this data, you can identify the overbought and oversold conditions.

RVI stands for Relative Vigor Index. It is based on the idea that in uptrend, the price of an asset tends to close at a higher price than they open and vice-versa.

This indicator deals with the price trends. It can indicate when there is a new trend, measures the strength of a trend, and can predict changes in trends.

BinBot Pro Demo Trading

BinBot Pro Demo Trading-Binoption

BinBot Pro offers demo auto-trading before you invest.

You can demo run the top 10 trading robots and see which suits your needs the best.

The demo runs for a robot runs exactly for one minute.

The initial fund offered is $1000 and at the end of the one-minute demo, the final balance is displayed.

In our extensive testing, the demo tests always ended in profits and never seemed to face any loss which seemed suspecting to us.

When we traded on our real accounts, on an average, the robot won us 8/10 trades.

This is normal as no robot can guarantee a 100% win rate.

Their demo robot winning all trades may just be a marketing gimmick.

Also, the demo market conditions are obviously different than the real market conditions.

BinBot Pro Cryptocurrency Trading

BinBot Pro Crypto Assets-Binoption

BinBot Pro offers exclusive crypto trading to its traders.

Although binary trading is not allowed in the U.S, you can trade forex-crypto assets from any country in the world through BinBot Pro.

You can trade popular cryptos such as BTC, ETH, Litecoin, Dash, and much more.

BinBot Pro even offers deposits and withdrawals using Bitcoins and altcoins.

This makes the transactions fast and secure.

The BinBot Pro crypto software claims to have income returns of 700% or higher.

According to statistics, on a daily basis, their robots win 32390 trades, 1765 new clients join their website, they pay profits of $86003, and a customer earns $3836 in profits on an average.

Approximately, 25000 clients have had profitable trades with BinBot Pro.

The current offer of BinBot Pro offers 100% sign up bonus to their clients for Cryptocurrency trading.

High Capital Risk Is Involved In Financial Trading

BinBot Pro Mobile Trading

Currently, there is no mobile app for BinBot Pro. However, BinaryCent and other brokers offers mobile trading. 

You can download their mobile app on both the Google Play Store and the iOS store.

With the help of the mobile app, you can carry out transactional tasks.

However, for trading, you have to use the web platform.

BinBot Pro Asset Index

BinBot mainly offers the major forex pairs along with few crypto-forex pairs.

Here is a list of the assets BinBot Pro offers in its portfolio:

Forex Pairs:
  • EUR/AUD
  • EUR/USD
  • GBP/USD
  • USD/CHF
  • EUR/JPY
  • USD/CAD
  • AUD/USD
  • EUR/GBP
Crypto-Forex Pairs:
  • BTC/USD
  • LTC/USD
  • ETH/USD
  • BCH/USD

BinBot Pro Minimum Deposit And Withdrawal Process

BinBot Pro Deposit And Withdrawal Methods-Binoption

The deposit and withdrawal of BinBot Pro depends on the broker that you are dealing with. 

The good news is that all the three brokers have the same deposit and withdrawal methods.

We have broken down the deposit and withdrawal methods down below:

Deposit Process

All three brokers have a minimum deposit of $250, but for some regions, it is $500.

BinBot Pro redirects you to your chosen broker during the withdrawal and deposit process.

They offer multiple transaction methods such as Credit card (Visa, MasterCard), wire transfer, WebMoney, Skrill, Neteller, Crypto wallets to accept cryptocurrencies.

The deposit process is quick and is processes instantly.

Withdrawal Process

With BinBot Pro, you get multiple withdrawal methods such as Bitcoin, credit cards, Neteller, Skrill, and Perfect Money, and more.

They charge a 5% transfer fee on credit card transactions.

The brokers registered with BinBot Pro guarantees withdrawal processing within 1 hour.

The time it takes for you to receive this payment takes 2-7 business days.

Is BinBot Pro Scam or Legit?

BinBot Pro Scam - Binoption

BinBot Pro has been around 2016 and has a very good success rate of over 90%.

It has multiple trading robots and offers a regulated broker to trade with.

These reasons along with positive customer reviews make it a legit broker.

However, there has been a couple of complaints regarding this platform.

The thing with automated trading is, you are depending on algorithms and machines to do the trading for you.

This cannot ensure success every time, unlike popular beliefs.

Although not with complete certainty, we would like to say this platform is legal and you can use it for profitable trading.

BinBot Pro Cons

Though it has many unique features for traders but it has also some drawbacks and they are –

  • Demo account lasts only one minute
  • Demo trading results seemed suspecting to us
  • Offers only one broker for trading
  • Minimum deposits for top robots are high

Conclusion

BinBot Pro stands out from the rest of the auto trading by providing multiple robots that have a high success rate, multiple indicators offering vast technical analysis, and a convenient robot creation process both novice and experienced traders benefit from the profitable auto trading BinBot Pro offers.

However, there are a few things they could work on to improve further.3Their website feels lackluster to use.

They need to partner with more brokers to cater to more traders.

In conclusion, BinBot Pro is an excellent auto-trading robot that delivers what it claims to do.

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