BinBot Pro Review: Profitable Auto Trading or a Scam?

Last Updated: August 24th, 2020
Overall Rating
4.8/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Accuracy
3/5
Mobile Experience
3/5
Withdrawal
3/5
Customer Support
3/5
Trust
3/5
Home» Binary Options Robots » BinBot Pro Review: Profitable Auto Trading or a Scam?
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Overall Rating
4.8 Binoption Binbot Pro

BinBot Pro Review: Profitable Auto Trading Or A Scam?

Review for automated trading systems like BinBot Pro is the most requested one. BinBotPro is not new anymore in the binary world.  Almost all people who involve with the binary world know about this trading software.

But why BinBot Pro is popular among traders? 

So, we are here to solve this puzzle for novice traders who are still seeking a solution. 

Moreover, 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 you can know if it is a scam.

Binary Option Robot like BinBotPro allows auto traders to place trades with the help of trading algorithms. The trader has to set some rules such as risk levels, entry and exit stipulations, leverage, and the software will do the rest.

After that, traders can then relax and not worry about monitoring their positions. On the other hand, as a trader who’s looking for a reliable robot, it might become challenging to choose one.

If you have never used the system before, you will change your mind once you have read our Review on BinBot Pro. 

BinBot Pro Review: What is BinBot Pro?

High Capital Risk Is Involved In Financial Trading

BinBot Pro is an online automated trading system established in the year 2016. The trading robot allows you to trade on both fiat and cryptocurrency. 

So, there are multiple robots available that trades on your behalf. Besides, traders can customize robots as per the demands. Each trading robot supports different strategies. You can choose the one you think will work best for you.

Moreover, 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. On the other hand, trading robots have been popping up left and right because of the increased demand for automated trading.

Unfortunately, not all trading robots have proven to be effective. They enter and disappear from the market, with no one noticing. It shows that you cannot expect to provide poor service and survive in the market.

But BinBot Pro has been going strong ever since it released. It has gained popularity among traders quickly and has become one of the best and effective automated trading systems in 2020.

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
  • Minimum deposit $250
  • Returns as high as 90%
  • New traders can make large profits
  • Easy registration process
  • Demo account offered
  • Profit rate of up to 300%
  • Provides services to many countries around the globe
  • Major forex pairs as binary options
  • Popular Crypto assets
  • Award-winning automated trading
  • Manual customization of trading robots
  • Fast and reliable platform
  • Dedicated customer support

BinBot Pro Live Trading Video, Results and Withdrawal

BinBot Pro Sign-up & Login

The account creation process is quick and hassle-free. You will get access to the ultimate trading machine by applying three simple steps. 

Step 1: There is a “Registration” button available on the BinBot Pro website. 

Step 2: Enter your first, last name, phone number, preferred currency, password to complete the registration form, and select one from the compatible broker’s list. Do not forget to select the currency type. 

Step 3: Click on the checkbox that asks you to confirm whether 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. Finally, your account creation is complete. 

By using the registered email address and password, one can log into the account. Account verification requires uploading some valid documents before making any withdrawals. 

High Capital Risk Is Involved In Financial Trading

Golden Rules To Avoid Trading Loss

BinBot Pro will not get you FREE MONEY. Traders must set the trading bot according to the market movement. Also, you will find a complete list of multiple trading bots from the dashboard.

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 you can generate the highest profit margin through volatile pairs.

Before creating a bot, consider these golden rules that help you earn a profit from each trade. 

These are: 

  • Don’t let your bots to place over three trades in a single day.
  • Manually analyze the market before placing a new trade.
  • Don’t rise above your investment after 4 to 5 winning trades.
  • We do not recommend crypto pair trading when the market is bearish.
  • Avoid Friday and Monday Morning trading.
  • Avoid high volatile market.
  • Trade when the market is stable.

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

How To Create A Bot:

As we mentioned earlier, it is wise to create a bot before each trading session. Moreover, you have to analyze the market and check the economic calendar to ensure that the chosen trading instrument is the best fit for you. 

Here, we will mention some steps that one should follow, before creating a trading bot. 

  • Select “Create my bot”
  • Set a name of your trading bot with date and time
  • Select trading assets from the given list
  • Put MACD, CCI, RSI, and STOCHASTIC, in indicators. Avoid ADX and AROON
  • Changes the trading time, according to the market condition
  • Run the bot. It will position traders automatically on the broker’s platform.

High Capital Risk Is Involved In Financial Trading

Best Settings For BinBot Pro

After conducting a few trades, we can ensure that BinBot Pro App is the best-automated trading system for the binary options trader. We have received a lot of questions where many traders requested us to talk about the best settings. 

Unfortunately, there are no particular best settings available for this robot. Traders can create a bot with settings and parameters that work best for them. Remember that analyzing the market movement through an economic calendar is necessary.

Also, it is wise to set the indicators of time between 1-5 min. Furthermore, for this trading bot, try not to use over three indicators at a time.

Besides, BinBot Pro comes with six different trading indicators. Each indicator has an unconventional relationship with assets, depending on the market situation. 

If you use all the indicators is the same time, they can conflict with each other. 

BinBot Pro Supported Brokers

BinBotPro offers three brokers: BinaryCent, VideForex, and RaceOption. Each of these brokers offers 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 is an online trading platform, established in the year of 2016, that managed by Cent Project Ltd. Cent Project is a subsidiary of Finance Group Corp.

The regulatory body Vanuatu Financial Services Commission (VFSC) mainly regulates Binarycent broker.

They guarantee withdrawals processing within 1 hour. You need to deposit a minimum of $250 to trade and the minimum trade investment is only $0.1.

Deposit $1000 or more to avail a special deposit bonus. Complete the verification process before grabbing this offer. 

Binarycent - BC200

You get leverage up to 1:100 on trading assets. Moreover, BinaryCent offers binary options along with forex and CFDs in its trading portfolio.

There are three distinct types of trading accounts on BinaryCent; Bronze, silver, and gold. Depending on the account they create, get rewarded with 20%-100% bonus.

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

VideForex

VideForex is a Forex, CFD, and Binary Options broker that has been operating since 2017. It requires a minimum deposit of $250 to trade. When you make a deposit, you get a 100% deposit bonus.

Spreads and commissions are competitive in VideForex. Here, the range is dynamic and depends on the market to market. Also, traders can trade with a maximum leverage of 1:100.

There is no mobile app to trade, but we can expect one shortly. Speaking of payment methods, you will have multiple payment methods, according to their website. 

Besides, 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. 

Generally, the broker is perfect for trading on CFD and Binary Options. Auto-trading is simple with this revolutionary broker in collaboration with BinBot Pro.

High Capital Risk Is Involved In Financial Trading

RaceOption

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

The broker offers over 150 trading assets, which include CFD, Forex, and Binary Options. 

Other salient features of this broker include proprietary software, ultra-fast withdrawals, and regular trading contests. You can take part in weekly contests which have prize money of $20000.  

Deposit $1000 or more to avail a special deposit bonus. Complete the verification process before grabbing this offer. 

Raceoption - RO200

Including these features, there are three account types offered by RaceOption. Also, there is a deposit bonus, which depends on your deposit amount. It ranges from 20%-100% of your deposit.

Their website also has a mobile app that you will find in both the Google Play Store and iOS store.

In conclusion, RaceOption, along with VideForex, and BinaryCent, serve as perfect brokers to couple with BinBot Pro.

IQcent

Let’s introduce the newly added broker by BinBot Pro, that offers multiple trading classes, such as Forex, CFD, Crypto, and Options. Traders can earn up to 95% if they properly place trades with strategies

The secret of this broker is the minimum trade size. It is suitable for day traders and small investors as they can trade with 0.01 cent.  

Moreover, the versatile platform offers over 100 trading assets with leverage up to 1:100. A copy-trading facility is available, which makes you a skilled trader. 

Deposit $250 to enjoy non-stop trading even over weekends. 

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. So, you don’t need any separate software for trading. Also, the web-based software is convenient for many traders.

The whole auto-trading revolves around following a trading robot, 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 customize it to suit your needs.

You can also create a robot from scratch if you have the trading experience. Let’s 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 six 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

Until you spend, BinBot Pro offers a demo trading. You can run the demonstration on the top 10 trading robots to see what best suits your needs.

Unfortunately, the demo runs precisely for one minute. At the end of the one-minute demo, it displays the final balance. In our extensive testing, the demo tests always ended in profits and never seemed to face any loss, which appeared to suspect to us.

When we traded on our real accounts, on average, the robot won 8/10 trades. Moreover, it 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 uncommon than the actual market conditions.

BinBot Pro Cryptocurrency Trading

The automated software offers exclusive crypto trading to its traders. Unfortunately, BinBotPro does not accept traders from the USA. You can trade popular cryptos such as BTC, ETH, Litecoin, Dash, and much more.

On the other hand, BinBot Pro even offers deposits and withdrawals using bitcoins and altcoins because these methods make the transactions fast and secure.

Besides, the software claims to have income returns of 700% or higher, according to statistics. Daily, their robots win 32390 trades, 1765 new clients join in 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. BinBot Pro offers a 100% sign up bonus to their clients for Cryptocurrency trading.

High Capital Risk Is Involved In Financial Trading

Exclusive Bonus Offer Ends Soon

Make this pandemic situation the most profitable for you by using our exclusive bonus offer code. Binoption is delighted to present our valued traders and investors with an incredible 200% Deposit Bonus.

We all know that trading markets are competitive, and we want our traders to conquer the market with us. 

Both existing and new customers can use these codes we mentioned in the below table. Besides, this exclusive offer is available around the world.

Raceoption - RO200
Binarycent - BC200

In BinBot Pro, you can only run a bot after depositing an initial amount through the broker’s platform. 

Also, you can use it when funding your account via two supported brokers, such as Binarycent and Raceoption. 

Deposit $1000 or more to activate this code and straightly get a 200% bonus on the first deposit amount.

How To Use Deposit Bonus Offer

The deposit 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, there is no mobile app for BinBot Pro. However, BinaryCent and other brokers offer 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.

In BinBot Pro, you can only run a bot after depositing an initial amount through the broker’s platform. 

Also, you can use it when funding your account via two supported brokers, such as Binarycent and Raceoption. 

Deposit $1000 or more to activate this code and straightly get a 200% bonus on the first deposit amount.

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

Personal Account Manager

If you are searching for any official or unofficial training on how to run a bot, then you will come back with an empty hand. BinBot Pro does not offer any official training for traders. 

However, they offer account manager facility so that you can take bits of 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

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 success results multiple times with binbot pro. 

Another professional trader, Faisal Rahman, got an excellent result using the Binbot pro system at 19 GMT for a very long time. 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. 

BinBot Pro Minimum Deposit And Withdrawal Process

BinBot Pro Deposit And Withdrawal Methods-Binoption

BinBot Pro’s deposit and withdrawal process depend on which broker you are working with. Also, the good thing is that all three brokers use the same methods of making deposits and withdrawals.

We broke down the methods for the deposit and withdrawal below:

Deposit Process

The deposit process is quick. 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.

Withdrawal Process

Traders will get multiple withdrawal methods such as Bitcoin, credit cards, Neteller, Skrill, and Perfect Money, and more.

But, only on credit card transactions, BinBot Pro will charge a 5% transfer fee. On the other hand, registered brokers with BinBot Pro guarantees the processing of withdrawal within 1 hour.

After confirming the withdrawal request, traders will receive a requested payment within 2-7 business days.

Is BinBot Pro Scam or Legit?

BinBot Pro Scam - Binoption

BinBot Pro has been in the trading market for many years, with an outstanding success rate of over 90%. It has multiple trading robots and allows four regulated brokers.

Many reasons make BinBotPro a legit auto trading platform, along with positive customer reviews. We found a lot of negative comments about this platform.

The thing about automated trading is, it depends on algorithms and machines to make trades on behalf of you.

But, unlike some fixed principles, it can’t ensure success each time. Although not with complete certainty, we would like to say you can use the platform for profitable trading, which is legal.

BinBot Advantages And Disadvantages

Due to some advantages, traders are more likely ready to use this trading bot for easy earning. These are: 

  • Manual customization of robots
  • 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 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 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.

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