BinBot Pro Review: Profitable Auto Trading or a Scam?

Last Updated: July 7th, 2022
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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4.8 Binoption Binbot Pro

BinBot Pro Review: Profitable Auto Trading Or A Scam In 2022?

The most hyped automated trading system, BinBot Pro, is known for its controversial thoughts and statements. Therefore, the Binbot Pro review is the most frequently requested to determine the product’s legitimacy.

Despite the fact that it is not a newly developed binary trading bot, the amount of participation by traders is low due to a lack of knowledge.

Yet, there is still something people want, like what makes this bot so popular among traders?

Surprisingly, you have come to the right place if you are still unaware of the benefits. For novice traders who are still looking for a solution, we are here to help. 

In addition, we will review the features of BinBot Pro to determine how it operates and whether it delivers on its promises or is a scam. 

The review of Binbot Pro will cause you to 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 third-party software that allows multiple robots to trade on your behalf. Binbot Pro was introduced as a fully automated trading system in 2016. The bot allows traders to trade both fiat and crypto trading. 

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.

From this list, you can decide which one is best suited for you.

This automated trading system has gained popularity among traders quickly and is expected to become the most effective trading system in 2020. 

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 unfavorable words later in this review article. 

Promo Code For BinBot Pro

Here is the exciting news you can follow. To boost your trading experience, here are some “Promo 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? - Overview Features

Binary Option Robot such as BinBotPro allows auto traders to place trades by using trading algorithms. You only need to specify some parameters, such as risk levels, rules for entry and exit, leverage, and the software will do the rest.

After that, traders will be at ease and not worry about monitoring their positions. Moreover, BinBot Pro offers certain features that you cannot overlook.

Let us explore why you should use BinBot Pro as a 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 Live Trading Video, Results and Withdrawal

Who Can Use Binbot Pro?

Binbot Pro is available to anyone who wishes to trade. You don’t have to pursue any degree to use it. Rather, you need to know when and how to trade accurately.

It is due to the simplicity of the trading robot.

BinBot Pro Sign-up & Login

What do you need to remember here? Actually, nothing. 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. Lastly, choose the currency type. 

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

Golden Rules To Avoid Trading Loss

By using BinBotPro, you according to market conditions and fundamental news.

We encourage you to read an informative blog post on BinBot Pro that will show you the path to generating 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 place more than three trades in one day.
  • Manually analyze the market before placing a new trade.
  • Don’t exceed your investment after 4 to 5 winning trades.
  • We do not recommend crypto pair trading when the market is bearish.
  • Do not trade on Fridays or Mondays.
  • 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. 

Best Settings For BinBot Pro

The team created a strategy to test this trading robot. In our review of binbot pro, we have revealed both its positive and negative aspects simultaneously. And the bot setting is also included.

So far, it is one of the best automated trading systems. Binary traders, now you can save time and effort by using this tool.

However, if you are looking for the most effective strategy, unfortunately, nothing exists. Either you need to select from the list or create one based on the market movement. Remember that analyzing the market movement through an economic calendar is necessary.

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.

How Does BinBot Pro Work?

BinBot Pro is an automated system that allows one to complete trades automatically. Either you can use any premade trading robots or create a custom one. 

The custom bot needs a strong market analysis. The bot mostly responds to your trade commands according to the parameters mentioned. 

To get a rough idea, you can use a demo account. Essentially, it is a short trial version that allows you to get a general feel for the software without committing to a particular plan. A minute is all it takes. 

The next step is to choose a trading bot. The bots are located on the left-hand side of the BinBot Pro page and are listed in chronological order according to their relevance. 

The list of trading robots can always be modified to suit your needs, depending on what you want to trade.

This bot does not require any technical knowledge on your part. However, you would benefit from understanding indicators in order to create the most effective strategy. 

Fake Awards Alert

On their official website, BinBot Pro has illustrated fake awards. We failed to find any source from which we could get minimal knowledge about the awards. Also, it is necessary to mention that they are not regulated.  

BinBot Pro 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 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.

Withdrawals are guaranteed to be processed within one hour. A minimum deposit of $250 is required to trade, and the minimum investment per trade is only $0.01.

On top of that, you get leverage up to 1:100 when trading assets. Aside from binary options, BinaryCent also provides CFDs and forex.

On BinaryCent, three account types are available;

  • Bronze
  • Silver
  • Gold

Depending on your account type, traders can choose between bonuses ranging from 20% to 100%.

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

VISIT BINARYCENT

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. In VideForex, three different accounts are available:

  • Bronze
  • Silver
  • Gold.

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.

VISIT VIDEFOREX

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. 

VISIT RACEOPTION

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.

With a $250 deposit, you can trade non-stop, even over the weekend.

VISIT IQCENT

High Capital Risk Is Involved In Financial Trading

Top Robots - Created By BinBot Pro

BinBot Pro ranks robots based on the profits they generate for traders. Here are some of the top-performing robots:

Crypto ADX 2.0

Crypto ADX 2.0 is currently the most profitable robot, with over 303% profits. The robot uses the ADX indicator along with RSI and STOCH.

Moreover, the robot does by minute-by-minute analysis of each cryptocurrency.

RSIMA Cross Robot

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 the RSI overbought or oversold signal.

It maintained the signal until it received an opposite signal. The minimum deposit for this robot is $3000, 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%.

Ichimoku Crypto V2 Robot

This robot is designed mainly for crypto-forex pairs. Japan has created this bot that gained popularity because of 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.

Rising East v1.2 Robot

This robot functions based on the positivity of the market signals. If the signals are positive, the robot makes a trade.

Also, 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 Robot

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

It uses short-term momentum to generate a call and put signals. The minimum deposit is $250, and its algorithm level is at 5 points.

Strong ADX v.2 Robot

ADM index is used to find out the trend’s strength if the ADM index rises above 25, the robot trades.

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

Strong US v2 Robot

This strategy depends on traders looking to go to NFP in full positions. The minimum deposit required is $250 and its algorithm level is at 4 points.

Bolly Band Bounce Robot

The robot employs the Bollinger band, which is a statistical chart. It is only used when there is a restricted range of price movement.

The Bollinger band defines a limit for short-term price change. For this bot, the minimum deposit required is $250, and its algorithm level is at 7 points.

RVI & MA Robot

The mentioned 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.

BinBot Pro Settings And Trading Platform

As binbot pro 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.

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.

~ How To Create A Bot:

The main dashboard will display only the robot’s functionality and the market’s movement. On the left-hand side of the trading platform is a button that says “create my robot”.

To begin the creation process, click on the button. 

>> Step 1:

Give your robot a name. It can be given any name you desire; however, by adding a relevant name, you will be able to recall its strategy, and even others can benefit from it.

>> 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. These are a part of an analysis tool that uses mathematical calculations to determine the direction of a market 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 next section, we will discuss these indicators briefly in order for you to gain a greater understanding of their purpose.

>> 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.  

~ Trading Indicators - BinBot Pro:

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. This 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:

By comparing the current price of an asset with the previous price of the asset, the momentum indicator measures the momentum in price changes. 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. In an uptrend, it is believed that the price of an asset will close at a higher price than it opened and vice versa.

- 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.

BinBot Pro Demo Trading

Our team got excited when they saw this feature, though it won’t help you understand the bot fully. Unfortunately, the demo runs precisely for one minute.
To determine which trading robot best meets your needs, you are only allowed to run the demonstration on the top ten trading robots.

Following the one-minute demonstration, the final balance is displayed. Our extensive testing has revealed that all demo tests resulted in profit and never faced any losses, which seemed suspicious to us.

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

Also, the demo market conditions are very different from the actual market conditions.

BinBot Pro Cryptocurrency Trading

Traders can access exclusive crypto trading via automated software. Traders residing in the United States are not permitted to use BinBotPro.

Among the popular cryptos, you can trade BTC, ETH, Litecoin, Dash, and many more.

Alternatively, BinBot Pro makes deposits and withdrawals using bitcoins and altcoins because these methods make transactions faster.

Moreover, the software claims to have income returns of 700% or more. Approximately 25000 clients have had profitable trades with BinBot Pro. BinBot Pro offers a 100% sign-up bonus to their clients for Cryptocurrency trading.

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, 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.

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

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. 

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

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 & 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:

Deposit Process

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, Cryptand, o wallets to accept cryptocurrencies.

Withdrawal Process

Traders will get multiple withdrawal methods. 

Some of the accepted payment methods are:

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 BinBot Pro will charge a 5% transfer fee. On the other hand, registered brokers with BinBot Pro guarantee the processing of withdrawal within 1 hour.

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

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. 

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 prioritise this robot on your list. 

BinBot Pro 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.

BinBotPro 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%.

BinBot Pro Advantages And Disadvantages

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
  • BinBot PRO is negatively rated on Trustpilot.
  • 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. Nevertheless, trades from the United States are not accepted. 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.

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