Binary options explained

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Binary Option Robot

Overview

Binary Option Robot – How Does it Work & How to Start?
Read 100% Objective & Detailed BinaryOptionRobot Review
Minimum Investment, Returns & VIP Account – See Below!

Details

Broker Binary Option Robot
Official Website URL www.binaryoptionrobot.com
Support Types Live Chat, Phone, E-mail
Payout 84%
Free Demo Account Open FREE Demo NOW
Deposit & Withdrawal Methods VISA, Mater Card, Maestro, OK Pay, Neteller
Number of Assets 70+
Overall Score 9.4/10

Full Review

Binary Option Robot is a 100% Free automated trading solution that requires no software download and makes Forex and CFDs trading possible from every point of the globe. Unlike many other auto trading systems on the market, this one needs to be set up only once and then it will start handling all trades on your behalf. This is a safe and secure trading software that gives you the unique option to define the risks parameters for each trading session. Binary Option Robot is compatible with the trading platforms of the best brokers, who are offering maximum performance and high winning rates.

Review Verdict: BinaryOptionRobot is NOT a Scam

How to Use Binary Option Robot?

Earning significant daily profits with the help of Binary Option Robot is easy. This is thanks to the fact the system gathers historical data from previous years, which is processed by a highly sophisticated algorithm that calculates the probability of assets price movements at any given moment. The software is integrated with the trading platforms of seven Forex brokers. You can open an account with one or all of these Forex brokers just by registering with BinaryOptionRobot. There are no fees and you can start trading immediately.

No Download

Users do not need to download and install any additional files to their devices in order to start trading with Binary Option Robot. The system is fully browser-based so it is easy to navigate and use.

How to Start?

To start trading Forex with the help of Binary Option Robot, just visit the company’s website and go to the Open Account section. There you must enter your contact details and choose the currency that you would like to open an account in (the available currencies are: USD, EUR, GBP, CAD, and AUD). Once you finish the registration process, you are taken to the Dashboard of your account where you have to choose one or more Forex brokers to work with. To register with one of them, just click the green Open Account button. You don’t have to go to the broker’s platform – everything happens in the nicely designed Dashboard of the Forex robot.

Each time you log into your Binary Option Robot account you will see the latest promotions by the featured brokers. Keep in mind that there are special terms and conditions when you accept a bonus or a promotion from a broker, so it’s best to visit the broker’s website and familiarize yourself with the terms and conditions that apply.

Apart from trading, your personal account page is also the place where you can change your contact details, review your trading history, and manage your Forex robot’s settings, including the tradeable assets, the investment per trade, the maximum daily trades, the daily loss stop and the reverse trading feature.

Returns

Current members of the Forex trading platform state that they can easily earn around $500 per day with the help of the system. This means that it is able to deliver real results to its users by earning significant daily income on their behalf.

The access to the Forex auto-trading solution is absolutely free of charge. Still, to start trading you have to fund your account with some trading balance. The minimum deposit depends on the broker that you want to open an account with.

In general, this amount is 250 USD or EUR. Usually there is no limit for the funds that you want to invest in Forex trading.

Best Binary Options Brokers 2020:
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Is BinaryOptionRobot a Scam?

The Binary Option Robot is absolutely legit and reliable. The interface of the system is intuitive and easy to navigate, which enables traders to get familiar with its features quickly. The auto-trading software has numerous customizable settings, which allow for maximum control over the way trades are executed and that gives investors the opportunity to achieve optimal results and the best possible return on their investment. To help traders with the configuration of the preferences, the Binary Option Robot provides a tutorial guide, which explains in-depth what each setting means and how to use it. This makes the trading process easier and accessible to traders with various levels of proficiency.

Review Verdict: BinaryOptionRobot is NOT a Scam

Binary Option Robot Features

The Binary Option Robot stands out among other auto trading solutions with some major advantages. In addition to the automated trading system it also provides trading signals and traders can choose from several signal sources, which allows for great flexibility. Another unique feature enables you to set the level of risk you are willing to take, which minimizes the possibility of losing funds.

The fully automated trading software provided by the Binary Options Robot is also extremely time-saving as it executes the trades on your behalf even when you are not online. This way it does all the work, while you can relax and enjoy yourself.

Binary Option Robot VIP Account

Binary Option Robot offers a free VIP account to any of their customers who want to refer a friend. For each friend you refer to their website you will get 2 months extension of the VIP period.

This gives you access to otherwise “locked” features, such as the four levels of risk and the expiry times of the options that can be traded with the robot. Also keep in mind that each time the friend you have referred to Binary Option Robot, both you and him/her will get your VIP period extended by 2 months.

Customer Service

The support team of Binary Option Robot is really responsive and competent. Users can easily get help in case of any troubles or questions they may have. The service is available 24/7 which means that you will have no problems while placing your trades.

Conclusion

Our research shows that Binary Option Robot is a reliable and 100% safe Forex robot. It is a good software for anyone who does not have the time or the financial knowledge to trade manually. In any case, the experts at Top10BinaryRobots.com recommend that you always trade Forex with care as this is a high-risk endeavor.

If you prefer, you can Proceed to Safety and choose a trusted Forex robot, by visiting our list of approved automated Forex trading solutions.

Is Binary Options a Scam or Legitimate Trading Tool?

Before we analyze whether binary options is a scam or not I would like to take a look at day trading, an area which I have much experience, and see if day trading would qualify as a scam.

As a day trader many people looked В upon what I did withВ skepticism. Many thought that day trading was just a another form of gambling. Many trading companies would try to lure people with the potential to earn a living with electronic day trading with very little investment. The truth is, for the overwhelming majority of people, day trading was a losing effort. Few traders were successful; most lost money. The firms made a lot of money collecting commissions and profit share from the good traders. After my first year of day trading I was convinced that it was impossible, or nearly impossible to make money. I began back in 2002, after the bubble burst and volatility was at a virtual standstill. Few traders were making money with any of the traditional trading formulas that worked a few years earlier. I was fortunate enough to come upon someone who had a “system”. The trading system provided an “edge” in the market. When traders diligently followed the system they consistently made money. When I began trading with the system I made money on a consistent basis. I opened trading floors to teach others to trade within this system, but most did not made money. Trading within this system required extreme discipline both to enter a position and to leave a position when the rules required. Those who followed the rules diligently made money. Like mostВ professions, one needs education or skills to make a living. The same is true with day trading. Along with these skills a person must have the proper discipline in order to succeed. Its a business that is clearly not for everyone.

The same can be said for Binary Options. В The companies that set up binary option platforms and binary option brokers are in this business to make money. В The firm collects 80- 100% of a losing trade and pays outВ 60-80% on winning trades. Someone who wins on 50% of their binary option trades will lose money. Unless someone has a system that has a winning track record and the person adheres to that system consistently he will over the long term win on 50% on his trades and lose money.

Of course it is possible that some of the binary option brokers in the market are making promises that they cannot or will not fulfill. If a broker makes falseВ assertionsВ or won’t refund deposits or payout profits to a customer then that broker may be considered a scam. The binary options trading industry itself is not a scam. It may be difficult to actually profit trading binary options, but the risk and rewards are clearly displayed for the investor. Whether one makes money or not is up to the actual trader. We have completed В a series of comprehensive reviews of binary brokers. In our reviews we determine, to the best of our ability, if the brokers are providing the services that they claim to offer. В Once you have the confidence that a binary option broker is providing a legitimate service you will then be able to implement a trading style that mostВ effectivelyВ yields profitableВ tradingВ results. All of the brokers we have tested so far have proved to be providing a legitimate service. Some of our reviews include older more established brokers such asВ 24option as well as newer brokers such as Bee OptionsВ and Redwood Options.

Why are binary options better than Forex?

Online trading has been growing tremendously over the past few years, mainly because of notable technological strides which have made online trading space more appealing to investors. Unlike in traditional trading which demanded physical presence and lengthy documentation in over-the-counter exchanges, online trading has proved to be convenient since traders can trade financial securities from the comfort of their homes and even while on the go; using versatile mobile apps provided by online brokers. Binary options’ popularity has been soaring over the past few years owing to sky-high returns and simplicity of trading.

However, it may be confusing for a new financial trader whether to venture into binary options or Forex. Well, they both have their similarities but they are very different in most aspects. We have prepared an article on why binary options are superior compared to forex trading. Read on for a clear comparison between binary options and forex and reasons why you should go with the former.

In definition, binary options are fixed contracts which are characterized by fixed payouts and fixed trading durations. Trading binary options are fairly simple compared to other markets since a trader is only required to predict the direction of market price movement. On the other hand, Forex is a financial market where traders seek to leverage on distinct price changes between a currency pair. Forex and binary options have been in existence for a long time with the former outliving the latter

Upsides of trading binary options compared to Forex

No margin trading

Margin trading is common in forex trading and it is used to increase trading capital and consequently increase potential profits. Maximum margin offered varies from one forex broker to another. However, even though margin trading may translate to higher returns on investment, it is worth noting that a sharp decline in the prevailing market price of a currency pair can be disastrous to your bottom line. In binary options trading, margin trading is non-existent and hence you never get a margin call. Binary options traders can still earn up to 90% returns on a single trade. Even better, some high-yield options can have payouts of up to $1000.

Fixed Payouts and Losses

Maximum profits in forex trading are always uncertain. A trader can only use the stop order tool to set the maximum percentage return after execution of an order. Well, knowing the price level to set a limit order can be risky especially if the trader is driven by greed. Also, it is imperative to note that you can only use the stop loss trading tool to define the maximum loss you can make once an order is executed. In the event that the market price of the underlying currency pair, you can only make a loss up to the stop loss value. However, with no stop loss set, the risks are spread to the entire trading account. If the market moves negatively, your trading account can be wiped clean in a matter of hours or even minutes if the market is very volatile. It’s not a big deal in forex trading to go out for shopping to later come back to a negative trading account (if you used margin).on the bright side, a positive sharp price hike can translate to more returns. But is it really worth it?

On the flipside, a binary options trader always knows what he will get or lose from the word go. Binary options brokers offer fixed payouts which are usually a percentage of the underlying investment. High-yield options can attract payouts ranging between 400-1000 percent and normal trades’ payouts range between 65-90%. Additionally, trading risks are strictly restricted to the invested funds. Meaning, funds in a trading account are shielded from the trading risks irrespective of the magnitude of change of the underlying asset.

Flexibility

It’s a proven fact that monotony in financial trading can lead to recklessness when making crucial trading decisions. In forex trading, a trading portfolio is restricted to currencies and unless you are a forex enthusiast, it can be pretty boring. Forex does not offer many options to play around with. Forex traders can only use the Buy/Sell orders. Other orders available include limit, OCO, Trailing Stop, hedge and stop orders.

On the other hand, binary options are more of a hybrid financial market since traders can access a vast selection of assets derived from the four asset classes; currencies, stocks, commodities, and indices. Binary options trading offers traders an exciting trading environment since most brokers offer a variety of trading options. Options offered by most brokers include Call/Put, High/Low, Up/Down, Touch/No Touch, Ladder, Option Builder, Turbo options, Boundary Options, and Tunnel Options. The option Builder trading option allows a trader to customize his own option to fit his trading style.

Less or no hidden trading costs

Forex trading is characterized by commissions and broker fees, not to mention swap and spreads. With some brokers, commissions and fees are astronomically high which in turn “eats” into your profit margins.

Binary options trading is however very different from forex as far as costs are concerned. There are no commissions and hidden fees in binary options. Literally, what you see is what you get. If let’s say a trade attracts a 90% payout, that’s exactly what you will get at the end of a trade.

Conclusion about binary options

For the analogy above, you can clearly see why binary options are better than forex. Binary options trading attracts “lesser” risks, no hidden fees, more flexible and simpler to trade. However, binary options and forex are also similar in some aspects. For instance, both have trading risks, require a starting capital and are traded online. If you want to try binary options trading, don’t hesitate to use our broker reviews section for details on trusted binary options brokers.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Binary Options Trading School
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