Binary Option Robot is a cutting edge automatic trading tool for those binary options traders that want to free up their time while still making money. It’s been out on the market for a while now, and the results have been impressive. It is a safe and secure piece of software, backed by experienced professional traders. If you’ve been considering using a trading robot, or if you want to learn more about how to more efficiently use binary options, this can be a great product to look at. In this binary options robot review you should be able to get a better understanding of how it works and if it is worth using.
Let’s See How it Works Binary Options Robot
Binary Option Robot is a simple concept. You put money into an account, and trades are made for you automatically. You can adjust things like how much you put into your account, how much risk you take on, and so on. There are stop-loss points built into the software already, for your added safety, too. As far as how much money you need to deposit to use this, it depends upon what the minimum deposit is at the broker you wish to use. This trading robot is compatible with many of the top binary options brokers 24Option and OptionFair. The folks that back this software recommend a minimum of $500, though, to ensure a higher probability of success.
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Binary Option Robot is free to use. There are no fees involved with using it, but they do make money off of it because you are depositing your brokerage money with them. They also have a VIP Account which has additional features designed to help you make more money. This is currently free to use, but you do need to refer a friend to get access to this. You and your friend will both receive two free months of VIP Account status. After this, you may be asked to pay a fee if you wish to keep using the VIP status. The one active feature currently being offered is risk control.
If you prefer, Binary Option Robot has a signals service that you can use that does not involve automatic trading. If this is something that you are more comfortable with, you can sign up for this instead. Sample trades are available if you wish to see a track record of how their traders have performed. The binary trades being executed are all Forex related trades.
Who Benefits the Most Binary Options Robot
The person that benefits most from this trade is the binary options trader that has seen limited results in the past for any number of reasons. Maybe you haven’t had the time you really need to devote to learning how to trade, maybe you don’t have the patience, or maybe you just weren’t good at it. These things will hinder the performance of any trader, but with a successful trading robot, you can eliminate all of these as issues and become a great trader. All of the difficult parts are taken care of for you. Your trades are selected by the robot, risk and money management are done automatically, and you do not need to do much other than keep an eye on things once in a while to adjust things and make sure that you are making as much money as you can.
Let’s Look at the Security of the Product
The Binary Options Robot site is safe and secure. Their trading software even has stop-loss points to make sure that you do not lose more money than you can stomach at once. All of your personal information is kept safe as well using the highest security measures that the internet has to offer. the binary broker that you decide to use. On their site, some of the more reliable brokers are recommended for your use, but not all of these are available to everyone, depending upon where you live. For example, many U.S. based traders will not have access to some of these top rated brokers, unfortunately.
The Robot isn’t Bullet Proof
Binary trading is not for everyone, and a robot will not change that. Just like all the reviews on this site, this binary options robot review may not give you all the answers. To get the most out of Binary Option Robot, or any trading product, really, you need to have a firm grasp on money management and risk control. Even with the high level of success that this robot has, if you put in just $200 into your broker and choose the highest risk setting, there’s a good chance that you will lose all of your money. This might seem like a common sense thing, and it kind of is. But many people that think they can trade never quite realize this, and end up being surprised when they lose their money. Don’t make this mistake.
Our Final Thoughts
Binary Option Robot is a newcomer to the brand new field of binary-centric trading robots. These have been around for a long time in the Forex field, but for less than a couple years when it comes to binary options. In the early days, these tools were not very helpful and pretty restrictive, but Binary Option Robot has taken great steps when it comes to expanding this sector. They have already separated themselves from other robots on the market and have a solid, well earned reputation. Hopefully we’ve given you the best binary options robot review when it comes to make your decision.