BinBot Pro Review 2023: Profitable Auto Trading Or A Scam?
The most hyped automated trading system, BinBot Pro, is known for its controversial thoughts and statements. And we decided to review this amazing bot by mentioning its flaws and benefits.
Therefore, the Binbot Pro review is frequently requested to determine the product’s legitimacy.
It is not a newly developed binary trading bot. However, traders’ participation is low due to a lack of knowledge. People still desire to know what makes this trading bot so beloved among investors.
Surprisingly, you have arrived at the correct page. If you are unaware of the benefits, read the review until the end.
Also, the review will help you get the best features of it. Additionally, you will learn how to operate and how the bot works.
Let’s find out why you should reconsider if you have never used the system before.
BinBot Pro Review: What is BinBot Pro?
High Capital Risk Is Involved In Financial Trading
Binbot Pro is one of the best binary options trading bots that allows multiple robots to trade on your behalf. Apart from the options, the bot is also famous for crypto automation.
Was introduced as a fully automated trading system in 2016. It will enable traders to trade both fiat and crypto trading. Day by day, this automated trading system is gaining popularity among traders. Also, it was one of the most effective trading systems in 2020.
However, you have the opportunity to combine automated trading with manual market research.
Additionally, bot customization will bring a new level of trading experience to your account. On the other hand, the listed bots support a wide range of trading strategies.
Choose the option that best fits your needs from the list.
Unfortunately, not all trading robots have proven to be effective. They enter and disappear from the market without anyone noticing. But BinBot Pro has been performing strongly ever since it was released.
However, we got several negative reviews from Trustpilot, the most popular review website. And we will spot the unfavourable words later in this review article.
Promo Code For BinBot Pro
There are some exciting announcements you won’t want to miss! To enhance your trading experience, we are offering special promotional codes.
Codes that you can use when funding your account via two supported brokers, such as Binarycent and Race Option.
- Promo Code 1 – DKGR200
- Promo Code 2 – GALLEN200
To get a bigger bonus, deposit $1000 and a 200% bonus on the first deposit amount.
High Capital Risk Is Involved In Financial Trading
Why Choose Binbot Pro: Key Features
Choosing the best one from the crowd is necessary. It is important to avoid scams and loss.
BinBot Pro enables you to carry out transactions without having to manually intervene. You only need to specify some parameters, such as
- Risk levels
- Rules for entry and exit
- Leverage
The software will take care of the remaining steps.
After that, traders will be at ease and not worry about monitoring their positions. Moreover, it offers certain features that you cannot overlook.
We have found the top potential benefits of utilizing this trading robot.
- Minimum deposit of $250
- Returns as high as 90%
- Trading fees none
- No account fees
- Demo account
- Profit rate of up to 300%
- Withdrawal timeframe 1 hour
- Major forex pairs
- Popular Crypto assets
- Leverage 1:100
- Fast and reliable platform
- Dedicated customer support
Binbot Pro Results, Live Trading Video, and Withdrawal
Who Can Use Binbot Pro?
Binbot Pro is available to anyone who wishes to trade. It is not necessary to have a formal education in order to take advantage of this. Rather, you need to know when and how to trade accurately.
Traders, from novices to professionals, the door is widely open for anyone as the bot is simple and easy to use.
BinBot Pro Signup & Login Process
No memorization is necessary for this task, just focus on the procedure. The account creation process is quick and hassle-free.
The registration form requires you to provide your name, phone number, preferred currency, and password. Select a broker that is compatible with your trading objectives. Finally, select the type of currency.
Re-check your information, and click on the “register for free” button to open an account.
Finally, your account creation is complete. When it comes to account verification, yes, you need it to withdraw your funds.
High Capital Risk Is Involved In Financial Trading
Does Binbot Pro Work?
Ideally, BinBot Pro works smoothly depending on some factors.
It will still be functional regardless of unfavorable conditions.
This robot will provide you with exceptional performance that you will enjoy. So, it’s just a matter of choosing the right settings and using an effective trading strategy.
How Does It Work?
BinBot Pro is an automated trading software that automatically allows one to complete trades. It works based on market analysis.
And the analysis is recommended only for the custom bot. At the same time, the bot mostly responds to your trade commands according to the parameters mentioned.
Nonetheless, should you commence with genuine gear?
Certainly not!
You can begin by creating a demo account. It is a brief demonstration of the product that gives you an overview of its capabilities. So you can decide whether it’s the right choice for you, without making a full commitment. A minute is all it takes.
The subsequent action is to choose a predefined automated program. On the left side of the interface, you will locate the bots. According to their relevance, they ranked the list chronologically.
Also, you can always modify the list according to your needs and depending on what you want to trade.
On the other hand, the bot does not require any technical knowledge on your part. However, you would benefit from understanding indicators to create the most effective strategy.
Fake Awards Alert
On their official website, it has illustrated fake awards. We failed to find any source from which we could get minimal information about the awards.
Is Binbot Pro Allow USA Trader?
Binbot pro will drag your trading experience to a different level. You don’t need to download any software to your device. Also, this web-based trading tool has multiple benefits.
Unfortunately, the USA traders will miss the flavour. They will be unable to trade using this trading software.
So, this is proof that this automated tool does not offer any service to USA traders.
Is BinBot Pro Regulated?
Regulation is an important fact for traders. It is the primary point to markup the legitimacy.
You may wonder why binbot pro has no regulatory information after so many years.
As a general rule, trading robots don’t want regulation or to comply with the law. Because the process is intense and also expensive. On the other hand, you have to maintain the law to offer your services.
Except for a few, most automated robots like bin bot pro are not regulated.
Do you think this robot would be an appropriate selection for me?
Definitely, a big yes.
Because, even without regulation, the bot is leading the market. Additionally, it can subsist on the market without defrauding or stealing from traders.
Supported Brokers
The Brokers BinBotPro offers are BinaryCent, VideForex, RaceOption, and IqCent. It cannot be argued that each of these brokers offers standard trading solutions, and you will not be disappointed.
This section will provide a brief overview of each broker’s features.
BinaryCent
BinaryCent is an online trading platform that was established in the year of 2016. Cent Project Ltd. managed the platform. Vanuatu Financial Services Commission (VFSC) is mainly in charge of regulating Binarycent.
The broker will benefit you with –
- An initial deposit amount of $250
- Withdrawals are guaranteed to be processed within one hour
- The minimum investment per trade is only $0.01
- Leverage up to 1:100 when trading assets.
- Multiple types of trading accounts
- Provides CFDs and forex.
All these features make BinaryCent a superb choice to be BinBot Pro’s broker.
VideForex
VideForex is a Forex, CFD, and Binary Options broker founded in 2017. You must deposit a minimum of $250 in order to trade. But note that deposits are rewarded with a 100% bonus.
The broker offers competitive spreads and commissions. However, asset prices are subject to change and vary from market to market. Additionally, traders can trade with a maximum leverage of 1:100.
To date, they do not have a mobile app for trading, but we can expect one shortly. According to the website, you can use multiple payment methods.
Additionally, deposits are instant; withdrawals take on average one hour to process.
On the whole, the broker is suitable for trading CFDs and Binary Options. In collaboration with BinBot Pro, this revolutionary broker makes automated trading simple.
RaceOption
RaceOption, in 2014, the broker began operations in the UK. One unique feature about this broker is that they accept traders from the USA. Over 150 trading instruments are available, including CFDs, Forex, and Binary Options.
Additionally, this broker offers proprietary software, ultra-fast withdrawals, and regular trading contests. You can participate in weekly contests offering a prize amount of $20,000 each.
In addition to these features, RaceOption offers three account types. Additionally, you can receive a deposit bonus based on your deposit amount. These bonuses can range from 20% to 100%.
You can choose this broker as your travel partner. That means Raceoption allows you to trade using its mobile applications.
High Capital Risk Is Involved In Financial Trading
IQcent
The last broker that BinBot Pro accepts is IQcent. Basically, the platform supports multiple trading classes, such as Forex, CFDs, Crypto, and Options. With the right strategies, traders can earn up to 95%.
The secret of this broker is the minimum trade size. Trading with 0.01 cents is perfect for day traders and small investors.
In addition, it offers over 100 trading assets with leverage up to 1:100. With copy-trading, you become a skilled trader.
You can trade nonstop with a $250 deposit, even on the weekend.
High Capital Risk Is Involved In Financial Trading
What Forex Broker Accept Binbot pro
There is no particular name for this. The trading bot has a partnership with the four brokers that we mentioned above. Also, just before starting this article, I completed a successful trade with forex pairs.
Each broker offers almost a 90% return percentage.
What Are The Top Robots Created By BinBot Pro?
BinBot Pro ranks robots based on the profits they generate for traders. As a trader, we have tried multiple bots with both manual and automated instruction.
Amazingly, found the three best robots that have the highest return rate and also have minimal failure stories.
Here are some of the top-performing robots:
Crypto ADX 2.0
Crypto ADX 2.0 is currently the most profitable robot, with over 306% profits. The robot uses the ADX indicator along with RSI and STOCH.
Moreover, the robot does by minute-by-minute analysis of each cryptocurrency instruments. The minimum deposit to start trading with the bot is $3,000 based on the region you hold.
RSIMA Cross Robot
Amazingly, RSIMA cross is one of the top-performing robots that offers the highest return of 300% or more than that. The strategy used in this robot involves matching the RSI with the moving average cross indicator.
The robot buys or sells when it matches the RSI overbought or oversold signal.
It maintained the signal until it received an opposite signal. The minimum deposit for this robot is $3000 based on the country, and its algorithm level is at 5 points.
xProfit Robot
Based on signals from CCI and SRSI, the xProfit Robot opens and closes trades. The robot will only place a trade if it gets the signal from the opposite direction.
The minimum deposit amount is $1000, and its algorithm level is at 6 points with a profit level of around 250%.
How To Set Up Binbot Pro Trading Platform?
As it is a web-based trading bot, you don’t need to download it to your trading device. You can access the platform from anywhere you want.
The whole auto-trading revolves around following a trading robot, available from the list of robots. Furthermore, the platform displays the top 10 performing robots based on the profit level they generate.
You can let the robot do all the work. Alternatively, you can adjust it to your individual preferences.
You can also create a robot from scratch if you have the trading experience.
Let’s look at the process of robot creation.
~ How To Create A Bot?
The main dashboard will display only the robot’s functionality and the market’s movement. On the left side of the trading platform, there is an option to generate a personalized automated trading system.
Initiate the process by hitting the “Create my robot” button.
>> Step 1:
Give your robot a name. Give the strategy any name you like. Using a meaningful name will help you remember it, and also help others.
>> Step 2:
Select the assets that you would like to include in your robot. It is necessary to have at least one asset in your robot. All available assets can also be selected, but this is not our recommendation.
>> Step 3:
Next, you should adjust the ‘buy-sell’ sliders for the selected assets. There are five levels of buy-sell. Within each level, there are three sub-levels.
In order to fine-tune the slider, this is necessary. The slider can be adjusted at any level.
It can be moved freely between levels.
>> Step 4:
The next step is configuring the indicators after adjusting the sliders. This is part of an analysis tool. It uses mathematical calculations to identify the direction of the market. This direction is based on previous prices and volumes.
BinBot Pro provides six different types of indicators. We recommend selecting three different types of indicators at a time. In addition, you must specify the period for the indicator to run.
The time starts at 1 minute and finishes at the time you specify. In the following section, we will explain the purpose of these indicators. It will help you gain a better understanding of them.
>> Step 5:
Selecting the ‘public’ toggle allows you to make your trading robot available to the public. Others are able to benefit from using your robot once it is made public. Please disable the toggle in order to keep your robot private.
Lastly, click the ‘Save’ button to complete the robot creation process
Binbot Pro Indicators
There are six different types of indicators available in BinBot Pro. Each indicator has its own benefits and ability to analyze the market.
- ADM Index:
Average Directional Movement is abbreviated as ADM. As an indicator, it provides insight into the strength of a trend. It is capable of predicting when the price of a financial asset will trend strongly. There is the capability for bidirectional strength indicators, i.e. upwards and downwards.
- Commodity Chanel Index (CCI):
Donald Lambert developed this indicator. That identifies new trends. The indicator is mainly used for commodities. However, it can also be applied to forex pairs.
This indicator compares the current price of an asset with its average price over a specific period of time.
- Momentum Indicator:
The momentum indicator measures the momentum in price changes. It is done by comparing the current price of an asset with the previous price. Depending on the period selected, the current price and the price of n-periods will be compared.
- RSI Indicator:
The Relative Strength Index is also referred to as RSI. This momentum indicator can be used to evaluate and compare recent price movements. In addition, this data allows you to identify overbought and oversold situations.
- RVI Indicator:
RVI is short for the Relative Vigor Index. Belief states that during an uptrend, the price of an asset will close higher than it opened. The opposite is true for a downtrend.
- AROON:
The indicator indicates the direction of price movements. A trend indicator suggests when there is a new trend, measures the trend’s strength, and predicts changes in the trend.
Best Settings For BinBot Pro
So far, it is one of the best-automated trading systems. Binary traders, now you can save time and effort by using the binbot pro robot.
You may be seeking the ideal setting in which to strike the bar. I regret to inform you that there is no such thing as the greatest.
However, the Binoption team created a strategy to test the trading bot. You can consider it as a primary step.
Robot customization is possible. So, all you need to do is create one based on the market movement. On the flip side, you can also select from the given list.
Now the question is where to find the list. Just –
- Open the dashboard
- Check the left side
- Get the pre-set trading bots with unique strategies
In addition, it is advisable to set the indicators between 1-5 minutes. Furthermore, you should not use more than three indicators simultaneously when using this trading bot.
Additionally, BinBot Pro provides six different trading indicators. These indicators have unconventional relationships with assets depending on the market situation.
You may encounter conflicts if you use all the indicators simultaneously.
What Is The Best Time To Run Binbot Pro?
The best timeframe will vary based on your local time zone. You can’t open a trade window all day. Hence, it is important to determine the most appropriate timeline.
Also, check the economic calendar before starting your day. In the economic calendar, you can find out what 3Bull events are coming up. If yes, try to avoid it.
On the flip side, note that not all 3Bull news will impact your trading.
So, if you want to get better results from Binbot Pro, try to avoid
- 3Bull news
- 1 hour before the 3Bull news
- 1 hour after the 3Bull news
BinBot PRO Demo Account
Our team got excited when they saw this feature, though it won’t help you understand the bot completely. Unfortunately, the demo runs precisely for one minute.
To determine which trading robot best meets your needs, you can only run the demonstration on the top ten trading robots.
Following the one-minute demonstration, the final balance is displayed. Our extensive testing revealed that all demo tests resulted in profit. This seemed suspicious to us, as we never faced any losses.
We found that, on average, the robot won 8/10 trades when trading on real accounts. Furthermore, no robot can ensure a 100% win rate, which is normal. But their demo robot winning all trades may be a marketing gimmick.
Also, the market conditions are very different from the actual market conditions.
Advantages:
- Get familiar with the dashboard
- Know how the bot works
- Can test the bot performance
- Able to test the strategy
Disadvantages:
- Only lasts for 60 seconds
- Unrealistic winning rate
- Market conditions different from real market
Crypto Trading
Traders can access exclusive crypto assets via automated software. A wide range of powerful and popular cryptos will be available to you under one roof.
Among the popular cryptos, you can trade
- Bitcoin
- Ethereum
- Litecoin and many more
At the same time, BinBot Pro also makes deposits and withdrawals using bitcoins and altcoins. Because these methods make transactions faster.
Moreover, the software claims to have
- Crypto return of 700% or more
- Approximately 25000 clients have had profitable trades with BinBot Pro.
- Offers a 100% sign-up bonus to their clients for Cryptocurrency trading.
How To Use Deposit Bonus Offer
BinBot Pro bonus is only available for real account holders. Besides, the bonus is automatically available for all clients who deposit $1000 or more into their funding accounts.
Through this special offer, we are giving you the ability to start trading with even more power and more confidence.
- Copy the bonus code
- Go to the Account funding page
- Enter the special bonus offering code and get your bonus!
BinBot Pro App - Mobile Trading
Currently, BinBot Pro does not have a mobile application. However, BinaryCent and other brokers offer mobile trading. Both the Android and iOS app stores are available for download.
The mobile app allows you to perform transactional tasks. However, a web platform is required for trading.
Asset Index
BinBot mainly offers the major forex pairs along with popular crypto-forex pairs. Note that, trading crypto is also available here.
From the wide list, it is hard to narrow down because each instrument acts depending on the marker condition. But the most popular assets are:
- EUR/USD,
- BTC/USD
- LTC/USD
- ETH/USD
- GBP/USD
Trading Tools & Charting
BinBot Pro does not have any trading tools or charts. However, it would be simpler to build a manual bot if they provided one. And about the chart, you can use the broker’s dashboard or any third-party platform like
MetaTrader 5 to analyse the market condition.
Spread & Leverage Trading Option
BinBot Pro does not offer leverage trading directly. But the partnered brokers do. So, you can enjoy leverage trading of 1:100 on over 100 trading assets.
However, it is necessary to remember that leverage trading can be a risky game. Beginners should learn how to trade with leverage. In terms of spread, only VideForex offers BinBot Pro users competitive spreads.
Is Binbot Pro Offer Personal Account Manager?
If you are looking for official or unofficial training on how to run a bot, then you will come up empty. The BinBot Pro team does not offer any official training for traders.
However, they offer account managers so that you can get some help from them. On the other hand, the dedicated customer support team is also there to solve your problems 24/7.
Real Trader's Feedback - Binbot Pro Testimonials
Finding out the right trader’s feedback is not an effortless task. Thousands of fake reviews are available on the online platform.
But the trading robot has a ton of positive reviews. Many expert traders also engage themselves with BinBot Pro for profitable outcomes.
Christian, a famous binary trader, is using this software for a long time. You will find a lot of videos on YouTube where he mentioned his successful results multiple times with binbot pro.
Faisal Rahman is a professional trader. He achieved an impressive result by using the system at 19 GMT over a lengthy period. He only trades in this specific session by using his customised and Rising East robot.
Let’s see what other users stated about BinBot Pro.
In this first review, we can identify an appropriate reaction from this user. He admits that not only the bot but users are also responsible for a losing trade. As we always recommend our reader to stick with trading strategies.
Let’s jump to the second one. We agree with Ashton’s explosive opinion. We never denied that scam robots do not exist. But so far, BinBot is not alarming compared to other trading bots in the market.
Ok, so lastly we found this statement from one of the trusted site. Trustpilot only approves reviews, if traders can submit necessary documents with proof.
According to him, it is obvious to analyse the current market situation before placing trades.
As money doesn’t fall from trees, do not consider everything as a legit platform without testing.
Minimum Deposit & Withdrawal Process
BinBot Pro’s deposit and withdrawal process depend on which broker you are working with. Additionally, all four brokers use the same methods for making deposits and withdrawals.
We broke down how to deposit and withdraw below:
How To Fund BinBot Pro?
The deposit process is quick. All four 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 cards (Visa, MasterCard)
- Wire transfers
- WebMoney
- Skrill
- Neteller
- Cryptocurrency
BinBot Pro Withdrawal Process
Traders will get multiple withdrawal methods. ,Payment methods accepted include:
- Litecoin (to use this payment method, you will need to acquire Litecoin)
- Bitcoin (purchase Bitcoin to use this method)
- MasterCard
- VISA
- Tether USD (USDT)
But, only on credit card transactions, the bot will charge a 5% transfer fee. On the other hand, registered brokers with BinBot Pro guarantee the processing of withdrawals within 1 hour.
After confirming the withdrawal request, traders will receive the requested payment within 2-7 business days.
BinBot Pro Golden Rules To Avoid Trading Loss
By using BinBotPro, you according to market conditions and fundamental news.
A blog post on BinBot Pro will demonstrate how to generate the highest profitability margin through the use of volatile pairs.
Before creating a bot, consider these golden rules that help you earn a profit from each trade.
It is not proven that these points will work for everyone. We have listed these based on the robot's performance.
- Don’t let your bots place more than three trades in one day.
- Manually analyze the market before placing a new trade.
- Don’t be too ambitious with your investments
- Stop trading after 3-4 trades.
- We do not recommend crypto pair trading when the market is bearish.
- Avoid trading on Friday or Monday
- Avoid volatile markets.
- Trade when the market is stable.
You are now ready to set up your bot after you have followed these golden rules.
Customer Support Team
The customer support team is dedicated to responding to clients’ questions. At any hour, you will find someone who is there for you and will help you to get the best path.
Also, the team will always be available through the live chat option. However, to contact them, you need to register first.
Apart from this, e-mail communication is also possible. The representatives will respond to your questions.
So, you will get
- Live chat support
- 24/7 dedicated support team
- Email support
How Reliable Is Binbot Pro?
With its user-friendly platform, binbot pro is doing well. Apart from the regulation, the bot is pretty popular in the trading world.
And about reliability, yes, it is.
Trading is a far more deadly game. However, the game will not allow you to lose money without your intervention. On the flip side, the robot’s SSL security layer protects users’ personal information and bank details. Additionally, your fund is also in a safe hand.
Let’s find out what makes this bot reliable-
- Expert review
- Stability in the market
- Hassle-free withdrawal
- SSL encryption
Is BinBot Pro Scam Or Legit?
Is BinBot Pro a scam? The answer should be NO. It is one of the trading bots that make binary trading profitable. If you wish to earn from the most volatile market, you should prioritize this robot on your list.
It has been in the trading market for many years. However, it is not a regulated trading bot. Therefore, the automated bot is not regulated by a popular regulatory body.
However, you can make a profit with a success rate of over 90%. Additionally, it offers a variety of trading robots and is compatible with four regulated brokers.
Also, it has many reasons to be a trusted auto trading platform, along with positive customer reviews. Also, the platform has received a great deal of negative feedback.
Automation relies on algorithms and machines to make trades for you. But, unlike some fixed principles, it can’t ensure success each time. The platform may be used for profitable trading, which is legal, although we cannot guarantee this 100%.
Advantages And Drawbacks
Due to some pros, traders are more likely to use this trading bot for easy earning. These are:
- Manual customisation of robots
- Supports major fiat currency pairs
- Return percentage 90%
- BinBot PRO has a profit rate of up to 313%
- Reliable and successful in the market
- Stress-free trading experience
- Account Manager facility
- Risk management facility
- 24/7 dedicated customer support
Though it has many unique features for traders it has also some cons and they are –
- Demo account lasts only 60 seconds
- Demo trading results seemed to suspect to us
- Offers only one broker for trading
- Minimum deposits for top robots are high
- There is no information on past performance
- Fake awards on their website
Frequently Asked Questions - FAQ
These are the common and frequently asked questions by traders about BinBot Pro. Read and learn:
1. Does BinBot Pro work
BinBot Pro is a scam that is promoted by most websites. But according to our research, it works perfectly if you know how to trade with trading software.
2. Is BinBot Pro Fee?
There is no FREE lunch. You have to deposit $250 to start trading with BinBot Pro.
3. Is It Regulated?
No, this trading bot is not governed by a regulatory body such as the SEC.
4. Is BinBot Pro Available In My Country?
On its website, BinBot Pro did not list its accepted countries. Though BinbotPro robot is not registered and do not provide any services on the US territory but clients from US can easily sign up there and trade.. Contact customer support for more information about accepted countries.
5. Is BinBot Pro Safe?
Trading carries a higher risk. However, about safety, the robot the SSL security layer is used to protect the customers’ personal information and bank details.
Conclusion
BinBot Pro stands out from the rest of the auto trading by providing incredible service. The robot has a high success rate, various indicators that offer a vast technical analysis.
Also, both novices and experienced traders can enjoy profitable auto trading with the convenient robot creation process.
However, there are a few things they could work on improving further. One of these is their website. The website feels lackluster to use. Second, 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.
