Binary options are a hot product. Virtually, thousands of people all around the world are delving into them. Trying out their luck. But, let's face it; trading the financial markets is not easy. The learning curve is steep and it can take years to become profitable. If at all. So what to do? Well, you don't do anything other than to sit back, relax and let the trading robots do the work for you.
Cutting the crap and coming straight to the point. Binary options can be traded on automatic mode. This means that you can buy online products known as "robots" and use them to invest in the markets. These robots are basically pre-coded computer algorithms (computer programs) that are fed trading strategies structured on various technical analysis. For example, there can be a trading robot that just trades based on "50 moving averages," while another one could be looking for price breakouts.
The main objective of all trading robots is to remove the middle man from the picture. Humans are prone to errors; which are mostly caused by emotions. If you are losing $100 dollars per minute trading binary options, there is no way you are not going to end up destroying a trade, only to realize a market turn-around thirty minutes down the line.
For day traders, or people looking for quick profits with minimum BS; automatic trading robots offer the best way out. Binary options are inherently risky. And, the one of the best approaches towards reducing one's risk in the markets, while giving a genuine chance to profits is to buy a binary options trading robot software.
Typical retail brokers who sell binary options will also provide trading robots, but it's not a very bad idea to go for independent suppliers of the product. Their incentive is to get you to sign up for their strategies; and if in case you end up signing up through their recommended brokers (which may be required in many cases), they'd be paid a small commission on your trades. So there's a fruitful relationship that all three parties (client, broker, trading robot vendor) try to work on. Everybody gets a piece of the action. You get the profits, while the broker gets the commissions and the robot vendor gets money from the broker + any subscription fee for the robot trading software.
There plenty of binary options robot software vendors on the internet. Many of them sell their services through affiliate networks like ClickBank (mostly applicable in the United States); while others focus on the European, Australian and the Canadian markets. Funnily enough the biggest binary options market is actually located in the Middle East (Saudi Arabia, UAE, Qatar, Kuwait), South Asia (India, Pakistan, Bangladesh, Sri Lanka) and South East Asia (Indonesia, Philippines, Vietnam, Thailand, Singapore and Malaysia). Other lucrative markets for both trading robot vendors and binary options brokers are Hong Kong, Japan, South Korea and China.
Without necessarily moving away from the main topic, let's come back to it and look into the actual vendors of these binary options trading robots. We have scanned dozens of them. And we mean dozens. From providers selling them like candies on affiliate networks to few serious ones that charge up to $500 per month in fees; none of them have out-performed on the overall alpha (profits on investments) than the ones mentioned and recommended below.
Before we go further, just a small heads-up. Most of the reviews you see on Google and YouTube about binary options robots; especially the ones that say "robots scam busted," "complete scam don't buy," or "read this before you buy binary options robots" are complete and utter nonsense. They are written and promoted by actual affiliates of these robot vendors and are "clickbaits." They lure in clicks from users; start off by mocking the services and then immediately move towards a more amenable tone, conveniently asking you to sign up for their subscriptions using their affiliate links. Don't be bothered by this kind of BS. It's the latest in content marketing, or whatever the kids call them nowadays.
Binary Option Auto Trading
- Completely free. Only name and email are required to open an account (may require integration with a binary options broker).
- Accepts U.S. clients including people living in the European Union. All countries are welcome.
- Integrates seamlessly with many popular binary options brokers on the internet.
- Their website is open about data sets; past winners and losers of their trading algorithms plus details of users such as country, type of option trade (pull/call), and total profit/loss made in the past 3 days. This information is updated regularly.
- Does not require user-interaction, once the trading robot has been set in motion. It's pretty much plug and play, or in other words, plug and profit.
- This binary options trading robot gives its users the ability to set pre-determined stop losses or overall loss per day. Say, if one sets it to lose a maximum of $100 per day; then their system will automatically suspend the trading once that limit is reached, only to reactivate it after 24 hours for recuperation of losses.
- Their platform is hosted on a cloud; this means that the user does not need to download any software into their computers. It's like SAAS (Software as a service).
- All major currencies can be traded automatically using this binary options robot.
- Their website supports multiple languages such as English, Bulgarian, Danish, Filipino, German, Hindi/Urdu, Malay, Vietnamese, Russian, Spanish, Italian, Turkish, Chinese and many more.
Rating points: 9/10
Rating stars: 4.5/5
Overall, this binary options trading robot platform is the best in the business. Being their client, one has access to almost all major binary trading brands on the internet.
Binary Robot 365
- The oldest binary trading robot provider on the internet. Possibly was the first major website to start offering automatic trading software.
- Accepts clients from all over the world, including the United States.
- Has the most simplistic, yet highly intelligent and novice-friendly UI (User interface); in other words, it's childproof or extremely easy to understand and navigate through for people who have never traded binary options and require a lot of hand-holding.
- A new account can be opened through name, email and a phone. A few people may not be interested in giving out a phone number. In this case, one can use a dummy/fake number, but we recommend the visitors to provide a real number. Their sales representatives personally contact users over the phone, who are complete newbies when it comes to trading binary options.
- The color scheme of their website and control panel is also darkened and sedated; those meaningless flashes and bright distractions can cause trader sickness, which impacts on a person's ability to make wise financial decisions. Their entire website is like entering and then shopping at a very posh and client-centric boutique. They are like the Bergdorf Goodman of binary options trading robots; if you can catch on what we are trying to say.
- Their win rate as advertised on the website is 90%. Well in reality; it would be more like anywhere between 65% to 70%, but still good enough to return a profit.
- They claim that all a client needs to do is to open an account and click on "Auto Trade" and after that their core system takes control, thus removing the need for human intervention.
- Clients are able to modify and select the types of trading strategies; even further enhancing its reach.
- Semi-customized stop loss triggers enable the clients to limit their draw downs (losses) in case the strategy fails to produce profitable trades.
- Fully automatic platform places trades on behalf of the client. There is no need for computer downloads.
- A sign up with a broker is required. Minimum deposits can be as low as $250 for most of them.
Rating points: 8/10
Rating stars: 4/5
It's one the original binary options robots on the internet and has thousands of clients from all over the world. Supports nearly all significant retail brokers.
Crypto Robot 365
Operated by same programmers who run Binary Robot 365. As the name suggest; it specifically auto trades crypto currencies such as Bitcoin, Ripple etc., on behalf of its clients.
- This trading robot vendor launched its services online in 2016. It claims to have thousands of clients world wide.
- People who trade binary options are also looking to invest in crypto currencies such as Bitcoin, Ripple and Ethereum. This robot does just that. It trades in the crypto markets and produces profits and losses based on standard strategies of trading currencies.
- At the moment; it can trade all popular crypto currencies such as Bitcoin, Ripple, Ethereum, Monero and Litecoin.
- Although the minimum starting capital is only $250; they recommend users deposit at least $1000 for maximum returns (taking into account the spread costs and spikes in the markets, that can impact on smaller accounts).
- They will also ask for a phone number. It is recommended that the users provide a number that can be reachable, so that a sales representative can get in touch. If you are uncomfortable with this, just use a dummy/fake number. One can just put +111111 as a number. The system should be able to generate an account for the user this way also.
- Their platform has been vetted by online financial media companies like Invezz and Investoo (though both companies are owned by the same group).
- Deposits are quick and easy through credit cards, wire transfers and digital wallets. Money can be withdrawn from a broker's control panel using the "cashier" link.
Rating points: 6.5/10
Rating stars: 3.25/5
Caution: Users should not put more than $5,000 at any given time with Crypto Robot 365 because the crypto markets are highly volatile and less liquid than the traditional currencies. Any spikes towards the downside can wipe off all previous profits in one go. Therefore, extreme care must be taken while investing money in any kind of crypto asset.
- FXMasterBot has been around since 2017 and provides pretty much standard trading robots much like others on this page.
- The unique thing about them is that they provide three accounts; they are based on the initial account opening balances ($250, $500, $1000) - minimum number of open trades (3 to unlimited) - the number of different currencies symbols that can be traded.
- They boast more features about their platform than others that are already available in the market but these perks are linked to the type of account one opens. Higher balances get more complexity favors such as the ability to customize trading strategies to pinpoint accuracy.
- Almost all binary options robots listed on this page require a person to open a real money account. FXMasterBot however gives the users the ability to trade demo for an unlimited amount of time. It's not necessary to open a real money account in order to use their platform. This is a big plus for people who just want to test the waters.
- As the account balance rises, so does the number of tradable currencies. This is good for all levels of traders, as it can help maintain monetary self-discipline.
- FXMasterBot accepts clients from all over the world including the United States of America.
- It promises that using their service would save its users a lot of money; which they would otherwise give out to prop trading firms and schools. A few of them can charge up to $5,000 to $10,000 to teach their students just the very basic trading strategies; which are present in FXMasterBot as a default value.
- The company states on their website that they have over 10,000 clients and over a dozen binary options brokers attached to their core system.
- The entire platform is plug and play. No user input is required once a real money account has been opened up with their recommended broker. Kind of like a boilerplate solution to a very sophisticated problem (trading the binary options markets successfully).
- Monthly prizes for trading competitions can be won in the form of hard cash; clients can withdraw this money or choose to reinvest it into their trading strategies in order to increase their capital growth.
- Ability to open an account using PayPal and all major credit cards is a big Yes factor for FXMasterBot.
- Their platform can be accessed both through desktop and mobile. Convenient and easy.
Rating points: 8/10
Rating stars: 4/5
FXMasterBot receives the same ratings as Binary Robot 365. We recommend users open up an account with both companies in order to spread their capital over multiple locations. Many times even the best trading strategies can fail. To recover from serious losses, one should be savvy enough to distribute his/her risk.
Important: Following tips should be followed when opening an account with any of the binary options robot vendors listed on this page. These guidelines can save you from potentially going bankrupt (serious!):
- Never put in more than $10,000 through any trading robot vendor; unless you have successfully traded and expanded your account (meaning: seen your initial deposit increase) for more than 3 months.
- Avoid giving too many personal details about yourself in case a sales representative calls you.
- Do not give into pressurized or time-barred sales calls. For example, if someone from one of these companies above calls you and demands you put in $30,000 today. Stop and reconsider immediately.
- Start small. We propose opening smaller accounts ranging from $1,000 to $5,000. Though in many cases only up to $250 may be required to setup a real money account.
- There is no rush. You are not going to become a millionaire overnight. If someone promises you that. Run and don't look back.
- It's better to learn to trade than to rely on automated trading strategies. These robots cannot be a substitute to learning the art of investing. Read good books on investing money in the financial markets written by people like Warren Buffett, for example. This is especially true for those people who are completely new to trading.
- It reads like a cliché, but one must know that there is no shortcut to success in life. Everyone has to work for a living. Therefore, never ever think for even a second that these trading robots can take you out of your current financial stress. They are not designed for large accounts (quite contrary to what the sales reps may want you to believe), and should never be approached in that manner.
Hopefully, our reviews would have helped you a lot in gaining knowledge about popular binary options robots. You can safely start an account with any of the companies listed on this page. We always tell our visitors to take binary options trading more as an entertainment than a serious means of investing. This way one can protect oneself from large losses and an invalid hope for quick riches.