2020 Best Broker

Features

Min Deposit

$5

Min Investment

$5

2020 Best Robot

Features

Min Deposit

$250

Min Investment

$0.1

Best Binary Options Robot: Binary Robot Auto Trading Software - Binoption

Binary Options Robot and Autotrading Software have helped thousands of traders to invest in trading more efficiently. Bringing approximate 80% of profits by using binary option robot is possible. On the other hand, each Auto Trading software has unique and interesting trading features.

Trying all auto trading binary robot is quite impractical because it’s hard to find free binary option robot.  Moreover, we found that some people are confused to trade Binary options for lack of proper knowledge, improper market analysis, trading asset values, and others.

Reality is, binary options trading is easy and simple to understand. For its unique characteristics, binary options are a popular choice for low-skilled traders.

Binary options auto trading came at the market as a blessing; not only for busy traders but also for others. However, before entering into the financial marketplace, you should have a basic concept of what is binary options trading.

Similarly, we suggest you know the profitable ways of binary trading to minimize the trading loss.  At the same time, it is a dream for every trader to find out a perfect and profitable automated trading that guarantees profits.

Here, we will recommend you the best binary options robots and auto trading software that is web-based, trustworthy, and support a good range of reputed brokers.

Best Binary Options Robot & Auto Trading Software Comparison With Review

Robot NamePriceMin DepositFeaturesRating
FREE $250

Demo Account: Yes

Mobile Trading: No

Download Require: No

Free AccountRead Review
FREE $5

Demo Account: Yes

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: Yes

Mobile Trading: No

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: Yes

Mobile Trading: No

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $50

Demo Account: Yes

Mobile Trading: No

Download Require: yes

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review
FREE $250

Demo Account: No

Mobile Trading: yes

Download Require: No

Free AccountRead Review

What Is An Automated Trading Software?

What Is Automated Trading Software - Binoption

Automated trading software or auto trading robot is a program which generates trading signals depends on the daily market analysis. The trading signal will help you to decide whether to buy the trading instrument or not. The advantage of using an auto trading robot is it will execute trades on behalf of you. 

Mostly, traders get trading signals in two ways. One is generated by a human, and another by an automated robot. Algorithmic trading automatically generates orders based on the trading strategy. It also will help traders to select which underlying asset is better for future investment.

Moreover, the trading process can be done by fully automatically or semi-automatically, depending on what type of robot software you are looking for.

On the other hand, an auto trading bot allows you to trade when you are not in front of your computer. You need to set or program your bot according to your preference. However, it is wise to analyze the trading market before creating a bot. 

History Of Automated Trading Software / Robot

Algorithmic trading is a method to enter into the financial market. The program will execute trades based on the pre-set rules.

As per history in 1949, Future INC. was launched by Richard Donchian. And the Automated trading system was originated bt that time. Under those financial market circumstances, he set rules only for buying and selling funds.

In 1980, the famous trader John Henry started using the same strategies via an automated trading robot. The concept of rule-based trading become popular from then. 

After that, the automated trading software has been used by many brokers and financial managers. The system has been improving day by day, after launching the first service in the free trading market in 2008. Significantly in 2014, more than 75% of stock shares are traded from automated trading software orders. This revolutionary happened in the United States exchange. 

How An Automated Trading System Works

How Automated Trading System Works - Binoption

It is not wise to expect that all binary options auto trading software will give you the same features and services. Each automated trading robot works differently from the other one. But, most features remain the same, such as type of trades, trade volume, minimum trade, the maximum amount you can lose per day, etc.

So, these sorts of services enable traders to control the portfolio trade by themselves. The trustworthy binary options robot performs the activities of most basic to advanced things.

The software works based on a sophisticated trading algorithm. The algorithm helps an auto trading bot to compare trading data with previous years data along with currency market analysis. Similarly, a trader can also analyze the market movement to set the robot setting. Based on the strategy, the robot will place trades. So, in that case, you don’t need to depend on the pre-set robot settings.

The trading robot generates professional data to help traders. Traders will not able to start the system before depositing an initial amount. On the other hand, a few robot software offers a demo account for traders, so that you can backtest the platform before depositing money.

An automated trading platform requires to connect with the broker’s platform. You will find a list of supported brokers on the robot website that you will choose.

The initial deposit amount depends on the robot. However, the minimum amount is $250 for most of the software that works in the trading market. 

After setting the program,  the auto trading robot will continuously monitor the financial market and execute trades. You can also download the platform in your computer or other trading devices. However, it is not required for all trading robots. 

When To Use An Automated Trading Software

Generally, traders use an automated trading robot to execute trades faster. To make a profitable trade, it is mandatory to analyze the current trading market situation.

In binary option, investors need to predict the future price of an asset. All of these require basic knowledge and the understanding of valuation determinants.

Expert traders and analytics sometimes use some technical terms to represent the market value of any asset. To represent the value, traders use different trading tools, graphs, and indicators.

Not only in the Binary Options Trading but also, the process is similar for all trading types. There is no particular time to trade with binary options trading bot. But, it is wise to avoid trading in the High Volatile Market (3Bull). 

To slow down tension, experts brought binary options auto trading software in the market. The simplicity of auto trading software is that it performs all chores by its own and trade.

But, our recommendation to check the market manually based on the economic calendar and then set your bot according to a perfect strategy. 

For its tremendous benefit, binary options auto trading software is getting popular among traders. We support fully web-based binary options auto trading software which works fast and smooth.

Relation Between Binary Robot & Trading Brokers

Relation Between Binary Robot And Compatible Brokers - Binoption

Binary Options Robots or Binary Options Auto trading software is firmly related to binary options trading brokers. In many aspects, there is a relation between auto trading software and a broker platform. 

However, you will not get the same broker platform for each robot. There are more than hundreds of brokers existing in the binary options trading market currently. Not every broker will allow you to use binary options auto trading software.

On the other hand, traders will get both regulated and unregulated broker in a particular robot platform. But, it is wise to choose a regulated broker instead of an unregulated one.

After opening an account with a compatible broker, you will able to trade selected trading instruments. Here it needs to mention that traders can only trade those instruments which are available in a robot platform. Binary Options auto trading works with 24 option, IQ Option, Binomo, Olymp Trade, BinaryCent, Binary.com, AVATRADE and other top listed branded brokers.

Is Algo Or Automated Trading Profitable - Earning Possibilities

Earning Possibilities With Binary Options Robot Auto Trading Software - Binoption

Earning possibilities is asked by many traders which is a major concern. Yes! Algo trading is profitable if one picks a winning trading strategy.  Binary Options software mostly used by novice traders who want to earn a quick profit.

In reality, it is quite a bit different from the acceptation, you may have from Binary Options Robot or Binary Options software. So far we have calculated that the win rate with binary options auto trading software can be more than 70%, that is quite high.

At the same time, without having proper strategies, you will lose more money at a faster and consistent way. Our suggestion is to get some time and check how much people are getting by using binary options auto trading software. 

Moreover, our binary options automated trading guide will also help you to know the basics of algorithmic trading. 

Why Traders Lose Money With A Trading Bot

To make each profitable, you have to apply proper trading strategies. At the same time, robot settings must be effective within a time limit. 

Therefore constantly monitor to be needed for better performance. Even for the best binary options bot, several things you must have to keep in mind.

Here are some common reasons for the trader’s failure: 

  • For the trading market analysis, traders fully rely on trading robots
  • Irrelevant time to run the bot
  • Not interested to check Economic Calendar manually
  • Try complex trading strategies with limited experience

Apart from these, managing a trading bot is mandatory for traders. Trading bots will only work based on the algorithm. So, they are not capable of doing everything of their own.  On the other hand, leaving everything on robots will increase your chance of losing money. 

Automated Binary Robot Trading - Demo Account

Binary Robot Trading Demo Account - Binoption

At this time, most of the trading robots are not offering a demo trading account for their traders. The availability of demo account now depends on the supported broker platform. 

So, there is no opportunity to use a free account by signing up with a particular robot. In other terms, the price varies from robot to robot, even the criteria as well as.

Some of the robots will require a monthly subscription fee, and others will not. Some can be connected with a list of brokers; other robots’ list can be different.

You can also contact with the compatible broker platform to know whether they are accepting a demo account or not. However, a demo trading account will help you to know the platform before depositing the initial amount. 

Signals Vs Binary Options Auto Trading Robots

There is a difference between a trading signal and binary options auto trading robot. A trading signal helps a trader to take the trading decision depends on the financial market movement.

On the other hand, the trading robot helps traders to execute a trade by using trading signals. Signals are provided by expert traders or automated signal generator.

Traders need to see the signals and decide by themselves if they want to trade manually or not. The automated trading robot helps traders to determine when to open and close a position, how much money to invest, which trading strategy to follow, and many more.

After getting a proper trading signal, automated trading software place an order to the financial market. 

So, the signal will work as a bridge between the trading robot and the financial market. That’s the main difference between binary options signals and binary options auto trading software or robots.

How To Choose The Best Binary Trading Robot Software

There are so many trading bots you will find online.  Still, traders are struggling to choose the best one. Because not all trading bots will bring money in your pocket.

Fortunately, a certain number of traders found a way to make the trade profitable. If you run your trading bot without proper settings, then it is not worthy to expect profits. The robot trading is still useful if you make it happen. 

In this phase, we will mention some factors that you need to remember while choosing a robot:

  • Regulated compatible trading brokers
  • Trade indicators and methods
  • Demo account facility
  • Establishment date
  • Company Information

Generally, trading bots are not regulated by any regulatory bodies. So, it is quite tough to figure out whether the automated bot is legitimate or not. However, the establishment date and company information are enough to find out the stability of trading software.

On the other hand, you can gather the necessary information from different forums by asking questions.  Moreover, you will find a lot of expert’s live trading videos from where you will get the necessary information. 

7 Signs Of Scam Automated Trading Bots - Binary Bots

Once you got scammed with a robot, you will lose your all money. Moreover, it will be hard to withdraw trading profits from the platform. Automated trading software mostly targets novice traders as they have limited trading knowledge.

Let’s have a look at those signs that indicates a particular robot is a scam:

  • Unrealistic profit percentage
  • Unverified trading history 
  • A huge negative reviews from authority sites
  • Insufficient company information
  • Lack of transparency 
  • Trading data manipulation
  • Complicated terms and conditions

Advantages of Automated Trading Robot Software

Automated Trading Robot Software Advantages - Binoption

A few advantages or benefits are available to trade with the automated trading robot. 

The first advantage is automated bot minimize the trading emotion. Trading emotions badly affect traders when they perform any trade.

Remember, a computer program is not capable to show emotions.  It also helps traders to place an order in a disciplined way when the market gets volatile. 

Apart from this advantage, the automated trading robot will help us: 

  • It helps traders to achieve consistency
  • Will help you to improve order entry speed
  • Allows traders to diversify their portfolio
  • Will provide you with an opportunity to earn passive income
  • Execute trades automatically

Disadvantages of Auto Trading Robot Software

Along with the benefits, there are also some disadvantages or drawbacks of auto trading robot. You have to strongly overcome these disadvantages if you want to make money from Algo trading. 

We are going to list below those drawbacks: 

  • Time to time monitor
  • Sometimes traders get over-confident after doing backtesting
  • Some companies are scammed people by showing a false result
  • You will not learn much about the trading if you use robot software

Final Words

Binary Options Auto Trading Software That Works - Binoption

Finally, we are at the end of our article. It is completely up to you, whether binary robots worth your attention or not. 

The overall article is only capable to give a brief overview of trading robots and its necessity. You can only see the real outcome after executing trades. Day by day, robot providers are improving so many things for helping traders.

Unfortunately, some providers promise a higher return rate to impress traders and scam their money. So you have to be more careful while selecting a robot platform.

Moreover, it is important to realize if you don’t know how to trade with binary robot, you can quickly lose your money. Always try to complete your research before putting your money here and there. 

Do not stop learning. Eventually, to become a professional trader you need experience and knowledge. It is wide to build a custom trading bot without following codes by someone else. 

Find out more about autotrading from the references below.

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