BinBot Pro Review: Profitable Auto Trading or a Scam?

Last Updated: May 20th, 2021
Overall Rating
4.8/5
Features
3/5
Platform
3/5
Desktop Experience
3/5
Accuracy
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Mobile Experience
3/5
Withdrawal
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Customer Support
3/5
Trust
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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 In 2021?

BinBot Pro is the most hyped automated trading system, and the review of Binbot Pro is the most requested one. Though it is not a new bot for binary traders, the involvement of traders is very poor because of the right knowledge. 

Do you know why BinBot Pro is popular among traders? 

If you are still unaware of the benefits, then you are in the right place. 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.

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 bot allows you to trade on both fiat and cryptocurrency. 

Besides, there are multiple robots available that trades on your behalf.

You are welcome to customize your own bot that will only listen to your commands. The listed bots support different strategies. You can even choose the one from that list that 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. 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.

Promo Code For BinBot Pro

In BinBot Pro, you can only run a bot after depositing an initial amount through the broker’s platform. Here are some “Promo Codes” that you can use when funding your account via two supported brokers, such as Binarycent and Raceoption.

  • Promo Code 1 – ALLTIME200
  • Promo Code 2 – NEWTRADE2021

To get a bigger bonus, deposit $1000 and get a 200% bonus on the first deposit amount.

Why Choose BinBot Pro?

Binary Option Robot like BinBotPro allows auto traders to place trades with the help of trading algorithms. All you need 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. Moreover, BinBot Pro offers certain features that you cannot overlook.

Let’s see why you should choose BinBot Pro as your preferred choice as a trading robot.

  • Award-winning automated trading
  • Minimum deposit $250
  • Returns as high as 90%
  • Easy registration process
  • Demo account offered
  • The profit rate of up to 300%
  • Provides services to many countries around the globe
  • Major forex pairs 
  • Popular Crypto assets
  • 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

What do you need to memorise here? Actually, nothing. The account creation process is quick and hassle-free.

Get access to the ultimate trading machine by following three simple steps. 

Step 1: Click the “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 withdrawing money. 

Golden Rules To Avoid Trading Loss

You won’t get FREE MONEY by using this trading bit BinBotPro. You must set the bot according to the market condition and fundamental news.

We encourage you to read an informative blog post on BinBot Pro that will show you the path to 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 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 a highly volatile market.
  • Trade when the market is stable.

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

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 at 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 withdrawal processing within 1 hour. You need to deposit a minimum of $250 to trade, and the minimum trade investment is only $0.1.

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 a 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.

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.  

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, which 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. 

Top Robots - Created By BinBot Pro

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

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 with 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 got 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 which is 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.

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

Our team got excited when they saw this feature, though it won’t help you understand the bot. You can only run the demonstration on the top ten 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 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 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. 

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

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.

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

Though BinBot Pro has been in the trading market for many years, it is not a legit trading bot. That means popular regulatory bodies do not regulate the automated bot. 

However, with an outstanding success rate of over 90%, you can make a profitable trade. Also, it has multiple trading robots and allows four regulated brokers.

Many reasons make BinBotPro a trustworthy 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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