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Welcome to Trading Binary Options South Africa!
As binary options trading shows no signs of slowing down and the interest in this online form of trading keeps growing, traders are looking for a viable source of information. That is the reason why we welcome all interested South African traders to TradingBinaryOptions.co.za. Our site is dedicated to providing useful information on every aspect of binary options trading.
Here, South African traders will be able to get the latest info on binary options brokers, binary robots as well as strategy and signals advice. Traders who browse our Academy tab will see it is packed with articles that will help them in deciding how and where to trade binary options. It will also deliver when it comes to tips and tricks to help in finding success in the binary options trading process.
Binary Options Brokers and Auto Trading Robots Reviews
What are Binary Options?
Perhaps the simplest explanation would be to say that the gist of binary options trading is the fact that traders face two possible outcomes – the price of the underlying asset can either rise or fall. Based on the current market circumstances, South African traders make an educated guess when it comes to trading a specific underlying asset. The trade involves deciding whether the trader believes that the price will go up or down.
There are also various trade options traders can use and boost their chances of monetary gain. The same can be said for expiry times and underlying assets which number more than 200 with some binary brokers. In fact, one could say it was that amazing diversity, flexibility and accessibility that made binary options so appealing to people all around the world as well as in South Africa.
Trading Binary Options Strategies and Tactics
Despite the fact that binary options trading process are simple, especially when compared to Forex trading, every advice or tip can be helpful. Especially for those South Africans who have no experience. That is why we strongly advise that they consult the information we provide on our site. That way they will be able to make an informed decision when it comes to binary options trading. Looking into trading binary options strategies and tactics can make a powerful impact on the overall trading results. It might also turn those results from mediocre to outstanding.
Trading binary options strategies can be great tools which South African traders can use to their benefit. The same can be said for various tactics they can assume in the trading process and which can be found in our tabs.
Trading Binary Options in South Africa
The South African market has turned into fertile grounds for the binary industry. South Africans have recognised the monetary potential this online trading provides and have taken a huge interest in it. Trading binary options in South Africa is growing daily and accordingly, the number of South African traders too. Those traders seek help, guidance and valuable information and sites such as ours are the perfect solution. Here, traders can find an in-depth selection of valuable information and have all in one place saves time.
In educating themselves and improving their knowledge by using the resources provided on our site, traders are boosting their chances for making profits in trading binary options in South Africa.
Binary Options Trading in South Africa
This website is the one of the leading resources in the world of binary options trading. We have a very large database of reviews on binary options brokers, binary robots, signals, guides and much more. The guides are specifically designed to assist South African traders in getting any and every information needed on various topics in the field of binary options trading. With our site, we aim to provide reviews on great brokers and binary trading products that will not only be of service to binary traders in South Africa but which actually have a substantial product that traders will be able to use efficiently.
*Amount will be credited to account in case of successful investment
It is a fairly well known fact that the industry of binary options has been extremely well received by traders who cannot afford to invest ridiculously large funds in financial trading. This is especially true for South African Traders as this type of online investment trading has profiled into one of the most popular types of trading.
Binary Options Broker Lists
In order to make things more user-friendly for binary options traders who look to us to find information on various available brokers in the industry, we have compiled several different broker lists. Lists can be an extremely beneficial feature for South African binary options traders as they get all the necessary information in a clean and organized manner.
Each of the list categories is formulated in an easy to understand way without unnecessary complications. This important when considering the way in which most active traders actually enter the binary options trading industry. They are typically in a situation where it is very hard to know whether some broker is a good fit for them or even transparent in their business practices. When South African traders find themselves in this situation they do need a way to decide how to choose a broker that is not involved in scam practices.
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account.
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The multiple categories available on our website are logically organized and easily searchable. Our primary goal is to bring traders in South Africa closer to relevant and professional binary brokers and other products and services so they do not need to spend time on manual research which is very time-consuming and tiring. Find out what each broker has to offer with just a click of the mouse.
Binary Options Trading In A Nutshell
The most basic way in which binary options trading works is by having two mutually exclusive choices, out of which traders choose only one, and can either get it right or get it wrong. What exactly does this mean? Underlying assets, like indices, currencies, commodities, and stock have their price which fluctuates on the market. When trading binary options, South African traders are actually predicting whether this price will go up or down in a predetermined time frame. If you are successful in your prediction you will profit from the trade, if you get it wrong, you lose the individual investment. The important thing about this type of trading is that potential losses and wins are known in advance, actually, they are known to the trader even before he places the trade.
It is now clear that the main goal for South African traders is to be able to be correct in their assessment on which outcome will a certain trade have. This certainly not easy as it involves a lot of compounding factors which all influence the way in which your decision will go. Market analysis, various strategies, and techniques, education, and experience, all play a very important and significant role in being successful in predicting the asset price movement in a global market.
Binary Options Trading Industry in South Africa
When reviewing the history of binary options trading it is clear that it all began in 2008 but did not just include one country but rather quickly spread across the world. As binary options trading industry started to grow, so did the various online trading platforms which had the capacity to offer many features and tools which would not have been available without them. South African traders were also one of those who got on the binary options bandwagon which is why today, in South Africa, binary options trading is one of the most popular trading types when we’re talking about online investment trading.
In this context, there are a few different types of underlying assets that you can trade with. Those types are as follows: commodities, stocks, indices, and currencies. Of course, these are not the only things you should know. There are multiple trading options available to South African traders with different varieties of expiry times. Obviously, each broker on the list of available brokers for South African traders has their own selection of assets and features that binary options traders can choose from.
When talking about various options in trading, South African traders have an extensive list to choose from: High/Low, 60 Seconds, Ladder, Pairs, One Touch and others. Expiry times vary from short to long term, meaning there are expiry time ranging from 60 seconds to several months, depending on traders preferences.
Talking about risks in binary options trading should be an essential part of any binary trading guide. It is important for South African traders to know that there are certain risks involved in trading binary options and financial trading in general. Considering that the execution of the trades depends on the fluctuating market trends which are not easy to predict. However, binary options trading has one thing that sets it apart from other forms of financial investment and that is that the risks and potential profit is known in advance. Not only does this allow traders to know exactly how much they can potentially profit or lose, but it gives them peace of mind because they are prepared and nothing will surprise them.
South African traders can trade binary options 100% online with just a couple of requirements. Internet connectivity is a must along with a device that can support a browser with which you can log into your trading platform.
Binary Options Trading Features
Binary options trading is generally well equipped with everything you need to have a great potential in creating a profit boost. However, there are a few necessities that need to be in place in order for that to happen. Trading features and tools are those basic requirements and can prove to be a tipping point for many traders.
Obviously, different brokers will include different features on their trading platform, but there are some that are fairly common and you will probably find all of them on most trading platforms. Demo account, mobile app, tools that enable a market analysis, trading limits and many more are designed specifically to speed up and simplify the trading process for South African traders regardless of their experience levels. These features are also targeted at allowing for additional time to spend on education and gaining experience as many traders are not investing enough time into those segments of their financial investment journey.
With all of the available trading features, we believe there is one that deserves special mention as it allows traders to gain a much valued experience in a risk free trading environment. Clearly, we are talking about the Demo account which can help South African traders get a lot of experience and most importantly, get them accustomed to the trading platform. This is a great thing as you really don’t want to experiment with your money when you decide to make a deposit and trade for real. Obviously, demo account is completely free and doesn’t require any deposits as it contains virtual money that is at your disposal.
Choosing Binary Options Broker in South Africa
Although, this isn’t something that seems overly complicated, choosing a binary options broker in South Africa can prove to be a daunting task. This is clearly one of the most crucial steps in binary options trading seeing that the wrong choice of broker can have heavy consequences. In most cases, checking if a broker has a demo account is enough to figure out at least if they deserve your attention and consideration.
Naturally, there is so much more to actually making a good decision about which broker to choose for your binary trading journey in South Africa. Another way to get a feeling about how a particular broker might behave once you set up an account with them, is to read the detailed reviews. By going over those, you will be able to find out if there have been any important complaints against a brokerage that you are considering. You want to look for transparent and straightforward brokers who do not complicate things are and focused on their availability to their South African traders.
Many brokers will have different minimum deposit amounts, but the industry standard is still $250 which is also the case for brokers that are available to South African binary options traders. Obviously, we want to encourage you to find out the specifics of each broker as you do your research as it is quite possible that the one you have chosen has an entirely different deposit amount or that they have recently changed their policy on this.
When on the subject of policy changes, make sure to also have a good comb through broker terms and conditions as there you will find all the fine print that isn’t available anywhere else. Pay special attention to details regarding bonuses, deposits and withdrawals, customer support and any other condition that might be of particular interest to you.
The Essential Features of Brokers in South Africa
As we mentioned already, there are several different things to look out for when thinking about making a decision on a binary options broker in South Africa. As we already wrote further up, it is important to know that this is not something to be taken lightly and at the same time is definitely not an easy decision. This is especially true if South African traders do not have enough experience to figure out what exactly constitutes a good broker as there are many different factors that need to be taken into concern. IQoption is one of those brokers, along HighLow and Binary.com, who have made a significant positive impact on their binary options clients and have actually set the established patterns of trading.
In order to make this process a little easier on you, we have decided to list a few basic things traders need to pay attention to and decide if a certain broker is a good fit for them personally. It is also crucial that South African traders remain realistic in their expectations as no respected broker will ever guarantee profit or tell you that you will definitely get rich. This is more indicative of a scam broker and you should definitely stay far away from those.
Broker Licensing and Regulation
As it is usually the case, South African traders can opt to choose a licensed broker or one which is not regulated. This decision is very much dependant on your personal preferences as there is no right or wrong answer in this case. For brokers accepting traders from South Africa, this is not a mandatory element and it is completely legal for brokers to conduct their business without having a regulation license from an financial authority. If they do choose to get regulated it is their individual decision and not a legal requirement.
With this in mind, we do need to highlight that even though a particular broker does not have a regulated status, this does not mean that they will not be a great personal choice for you. Regulation simply dictates a higher legal framework in which the broker is required to work under but does not mean that if a broker does not have it, it is automatically a scam broker. There are many different factors that can indicate if a South African broker is a scam broker, which we will mention later in the guide, but regulation status is not one of them.
Taking all this into concern, we do think that the best course of action for South African traders is to simply go through all the broker reviews they find interesting to be able to weigh the information accordingly. As you will be able to see on your own, we have many detailed broker reviews which are written with the goal of providing a great and useful source of information for all traders in search of help with their decisions.
Carefully Read Terms & Conditions
Knowing all the necessary, fine-printed information is essential in protecting yourself in the online trading industry. This means that you should carefully read the terms and conditions on the main website of the binary options broker you are considering. This will allow you to feel comfortable knowing that the broker you have chosen has transparent business practices and is not a scam broker.
As we said, being ‘in-the-know’ concerning the conditions your chosen broker has imposed, it is fairly easy to spot a scam broker in that case. However, if you do not take your time to really go over terms and conditions written on the website, you could easily end up registering with a binary options broker that practices fraudulent behavior as a norm.
Terms and conditions are one of those things that exist everywhere where legal consequences are possible, which in and of itself makes it very important. Nonetheless, this is the website section that is most frequently overlooked as traders do not pay attention to what is written and simply press ‘accept’ when asked. This could lead to major issues down the road, so do yourself a favor and never skip this essential part.
In case you have taken our advice and decided to actually read it top to bottom, there is a possibility that, due to a more formal way it is written, there might be certain section that you will not be able to easily understand or they may not even make sense to you. In this case, make sure you contact binary brokers customer support that should be available 24/7 at least via email and ask any and all questions that may be of issue to you. Customer support service should be able to swiftly and eagerly reply to your questions and it should be constructed in a clear and understandable fashion. Some of the binary brokers available to South African traders who do follow these ‘rules’ are IQoption, Binary.com and High Low.
Customer Support and Education Resources
South African traders have another factor to think about when deciding on which binary options broker to choose from the vast number of those on the market nowadays. Customer support is one of those factors and is just as important as anything else mentioned in this guide, and here is why.
Customer support is much more than just a team of people who answer questions. If a broker is respectable and transparent they will have a very well educated customer support team who will be able to provide South African traders, not just with simple explanations, but also with support when you have more complex issues or any doubts regarding your registration or technical issues. They will be able to provide you with a piece of mind that your concerns are being taken seriously and that they will be dealt with at the highest possible level.
A good broker will also be featuring an extensive FAQ section which is meant to answer the most frequent questions that traders have asked so that you can get the information you need in just a few clicks. While FAQ sections are a great starter base for you initial questions, customer support is a better choice when dealing with more complex issues.
As far as when a good customer support section is available and in which manner, it is important to note that South African brokers that have a reputable customer support will be available 24/7. This service is usually via email, web form, fax or various phone numbers. The most preferred choice for traders is certainly Live Chat as it gives binary options traders the opportunity to access customer support almost instantly and can very quickly get the answers they need.
Education resources for traders are usually placed in the website section called the Education Center. This section typically offers many different resources to help traders upgrade their knowledge on binary options trading. It is something every good binary broker will invest in and have available for their clients. Usually, resources include various topics ranging from market analysis to video tutorials. With BDSwiss binary broker for example, you get this and much more.
How To Recognize Scam Brokers
Being able to spot a scam broker is of the utmost importance when participating in an online financial trading industry. Safety and the protection of your funds should be a number one priority to you as an South African trader and also for your binary options broker.
Obviously, considering how many brokers are out there in the industry it can prove to be pretty tricky to figure out who the scam brokers are as they seem to have been getting better in covering their tracks. Of course, there are ways to figure out that the broker might be involved in scamming traders.
Trading Platform Specifics
A great way about online broker reviews is that they are typically fairly detailed and can reveal a lot of things about a broker that a less experienced trader might not even recognize. One of those pretty important details is also the security and transparency of a trading platform used by the broker.
A large portion of South African brokers have high-security measures applied when it comes to the trading platform they are offering their clients. These measures are designed in such a way that your money and trade details are well protected from any threats that might lurk on the internet. The technology that is used to protect the sensitive information on the platform is usually an SSL encryption which is considered to be one of the highest ones.
Binary options traders in South Africa who choose a broker that offer this level of protection can be relaxed knowing that all of their sensitive data and funds are safe against any threat. Beware of any broker who does not invest in adequate trading platform protection as they will certainly not be very helpful if something is to happen to your money.
Know Your Customer policy
This is a policy that allows binary brokers to get to know their client so that they can take necessary precautions to protect their hard earned funds. This is a reflection of a very responsible and straightforward binary options broker in South Africa.
What exactly does this policy mean? It literally means that traders will need to prove their identity in several ways in order to get to withdraw their profit. This is not the most favourite thing for traders to do, but we assure you, it is very much necessary if you wish to be certain that no one else is not going to be able impersonate as you.
With this process there really is not any way that it possible for someone else to withdraw your hard earned money. This procedure is a sign of a very good broker who acts responsibly to the funds they are entrusted to keep. Although the process is fairly similar among all the brokers, it is possible that it will differ from one to another. In any case, there are certain documents that are typically asked to be provided:
- Bank statement or other proof of residence
- Driver’s license
- ID card and/or passport
- A fairly new utility bill
Hard to Understand Terms & Conditions
We have mentioned before how reading terms and conditions is a very important part of being a responsible binary options trader and we will highlight that once again. However, we do understand that there are sometimes situations where the broker has supplied their traders with terms and conditions that are very hard to understand.
By this we don’t mean that they are simply written a bit more complicated, as this is still a legally binding document and can get fairly technical. By this we actually mean that if you notice that terms and conditions are intentionally made extremely complicated and/or if they simply do not make any sense at all. In this situation you might want to consider if your broker is actually a scam broker.
South African scam broker sometime even go that far that they actively try to ‘hide’ their terms and conditions on their website so that they are hard to actually to find, and since they know most traders do not even bother with reading them, this is a perfect scam disguise.
If you are not sure whether the content you are reading is complicated by nature or is this cone on purpose to throw South African traders off track, you should always contact customer support and directly ask anything you are not comfortable with. If you are not happy with the response they give you, think about finding a new binary options broker. One of the perfect examples of a great customer support is that of IQoption binary options broker.
Promises of Profit
One of the ways broker are encouraging traders to use their platform is by developing interesting bonuses and promotions on their websites. Clearly, it is important to understand what you have to do on your part in order to withdraw you possible profits. However, there are those brokers who are simply so obvious in being scam that it is not even worth your time.
This is especially true for brokers who have no issues with promising very high-profit amounts and ridiculous winning rates. Most South African traders know this, but it doesn’t hurt to stipulate it once again – binary options trading by definition involves risks. These risks are inherent and there is never a possibility to completely bypass it. So when a binary broker is openly promising and guaranteeing profit, you can be absolutely certain that they are scam brokers.
Always stay far away from brokers who promise you profit and you should never consider registering with them. There are plenty of reputable brokers in South Africa, there is no need to waste your time and money on these.
Funds Cannot Be Withdrawn
This particular issue is probably the most indicative of a scam broker in addition to guaranteeing profit. Clearly, sometimes it can happen that funds cannot be withdrawn due to some type of technical difficulty or you haven’t provided sufficient documents to prove your identity. In these cases, the delay is only temporary and it usually is corrected very soon. Also, the broker with which this is happening will be contacting you to explain what the problem is in detail and how to remedy it, or how long you have to wait for them to fix a technical glitch they might be experiencing.
On the other hand, there are those situations where brokers are simply refusing to start your withdrawal process or if it is already begun, you never actually receive your money. If this is something you run into, it is a fairly good sign that you have run into a scam binary option broker.
Scam brokers are plentiful and coming up with more and more elaborate ways to trick their clients. One of those is simply by not giving the clients their hard earned money. We encourage you to carefully read the broker reviews we have on our website to see if a particular broker has ever had any complaints made against them for this or similar issue. If this is the case, we urge you to change the broker you are currently dealing with and find a reputable, transparent broker who puts the needs of their clients before their own.
Binary Options Robots
Binary options trading certainly takes up a lot of time and knowledge and not everyone is able to free up a few hours a day from their schedule to dedicate to binary options trading. With that in minds, more and more South African traders are opting to use a binary options robot to do their trading for them.
South African traders have plenty of choices when they decide to use a binary robot as their trading platform. These robots are a great way to optimize your profit potential regardless of your broker of choice as they typically have a lot of trading options and tools that traders can use to make the trading process much easier for themselves.
Binary options trading robots which are available for the South African binary market are genuinely exquisite pieces of software that are designed to take the hard work away from you and let you focus on other things in life. They usually also feature a very important option that is celebrated for being very useful to traders of all backgrounds and expertise levels. This options is the auto-trading options which lets you manually decide to place your found trades.
What does this mean exactly? Well, the robot that you have chosen or will be choosing to automate your trading process is able to scan the financial market and pull information from it in order to find you the trades with the most profit potential. Once the software has recognized this trade, he will either place it automatically, according to set criteria which is completely customizable by the trader, or the trade will be delivered to you to place it manually or decline it. This way your trading process is completely in your hand, you do not need to hand over control.
Binary Options Signals
Binary options signals help traders to find the trades with the most perspective on the fluid, competitive financial market. Signals are actually based on algorithms that are able to scan the market data and pull it back to bring the trader the most relevant info about the trades they will be able to trade.
Traders in South Africa are choosing to use binary options signals more and more often simply because the time saved it worth it. The amount of data crunching necessary for the trader to get a decent prediction on a possible trade can be overwhelming and not a lot of people have the luxury to devote so much time to binary options trading or any other type of trading available. The manual process also requires expensive knowledge and education and it is simply not plausible that all traders are going to be able to do it correctly.
Binary options signals have another thing going for them and that is the time factor. Not just the data analyzing time but also the consideration about the expiry times. Binary options are being traded in a relatively short time frames and if you are not fast enough, the trade can already be done in the time you get all the necessary info you need to decide which way to place the trade. With binary options signals, you get all the trade details in the form of a pop-up along with the benefit of having that information in time to set up your trade preferences.
Is Binary Options Trading Legal In South Africa?
Binary options trading in South Africa is completely legal. Any South African trader, whether prospective or current can rest assured that there are no legal sanctions for binary options trading in this part of the world.
As we already mentioned, but it doesn’t hurt to mention it once again – Regulation in South Africa is not legally required, therefore it is an individual choice of each and every broker to either get a license or to be without one. Some brokers do not feel like their traders would benefit from them becoming regulated nor is it a guarantee of any quality.
Regardless of how well you think you are educated in binary options trading, make sure that you do not feel rushed to place trades or to deposit with any broker. Any broker that is pressuring their clients to deposit money to their account or to place trades, especially if they are simultaneously promising unrealistic goals and are generally being very aggressive in their approach and marketing should be avoided. This does not pertain to legality or regulation as even the most regulated brokers can be scam brokers. What traders need to know is that when they are looking for a reputable broker in South Africa they need to follow their instinct as there are many good brokers out there, one must simply identify them.
Binaryoption.co.za is a website dedicated to binary options trading and everything pertaining to it. We aim to provide South African traders with very detailed guides and reviews on brokers, binary options signals and robots and much more.
When it comes to any type of financial trading, South African traders are urged to learn how to set aside their own emotions if they wish to have a chance at boosting their profit potential with binary options trading. Being emotional in this type of business is not an advantage and can actually cost you dearly. Make sure to remain calm and collected and carefully consider you traders and investment plans in general.
Traders need to keep in mind that no one should be allowed to trade in their place. Choose reputable brokers and keep in mind that you need to invest your time in educating yourself about all things binary if you wish to potentially reduce your risks.
CFDs, Options Robots & Forex Auto Trading Reviews
Automatic trading robots are software products that trade on your behalf or let you choose among many trades generated by the system. With auto trading, analysis becomes unnecessary as the advanced software utilizes the knowledge of experts to create trading recommendations on behalf of traders. Fair Forex Brokers puts a lot of effort into reviewing robot trading software for binary options, forex, cryptocurrencies and CFDs. There are some important aspects that traders should look for in auto trading software of their choice. We prefer trading robots that are: free, web-based, trustworthy, and support a range of regulated brokers. Below is our list of reviewed auto trading robots.
What is Forex, CFDs or Binary Options Auto Robot Trading Software?
Forex robots, or forex auto trading software, as well as binary auto trading software and CFD trading software are all very similar in their technology but different when it comes to online retail trading instruments they use. Most modern auto robots are based on advanced algorithms that can easily track market changes and find trades with the highest potential. Forex robots code includes an algorithm that employs often a well known trading strategy to place trades automatically or by requiring confirmation from the trader.
How do Binary Options, CFDs and Forex Trading Robots Work?
Here, Fair Forex Brokers team will try to explain the way auto trading software works in the easiest way possible.
In most cases, traders trade with either a binary, forex or a crypto broker. They follow the market changes and try to find trading opportunities buy utilizing technical analysis and market indicators. Such approach requires great knowledge, not only on financial markets, but also on fundamental and technical analysis, which usually takes time to master.
Using an trading robot is a somewhat different approach. In this case, traders still trade with a broker (preferably a regulated one), but they use auto trading software to do the analysis and find trades for them. Binary options robot, forex robot or cryptocurrencies trading software does the analysis thanks to the sophisticated algorithm, and delivers the trade directly to the trader. Depending on the trading software, it can be placed manually or automatically.
Trade with Forex Robots in 3 Easy Steps
Step 1 – Register with a Forex Robot
Open a trading account with a forex broker of your choice. This is usually done by filling out an online form. As soon as you have a trading account, you will be connected to a broker. All your trades will be placed with the broker you made deposit with, but you never have to leave the robot’s website depending on the Robot. The robot, no matter the asset type you are trading, is only a bridge between you and the broker that allows you to trade in a more convenient way.
Step 2 – Use Settings to Control Assets, Risk and Trading Strategies
Explore and use all tools and settings you have available with your auto trading robot. That way, you will personalize your trading signals and trades placed.
Step 3 – Activate Auto Trading or Trade Signals in the Software
Most robots nowadays have a special button that allows you to activate or deactivate automated trading. When you feel ready to trade, make sure to turn the auto trading button ON.
Binary options robot operates in the same way. Of curse, the individual trading experience may differ based on the quality of the product and features offered. Some binary options robots are only simple algorithms that can be turned on and off, while others offer great add-ons and customizations possibilities.
Are Crypto, Options and Forex Robots Profitable?
Traders should definitely be interested whether or not their binary options robot or forex robot is profitable. While there are many products that promise you to become rich in a single month – just see BinaryBoom promises of 17000 USD – an obvious lie, bear in mind that serious and reputable products never make such promises. The success rate is usually based on a complicated equation with several factors including the risk you are willing to take, the number of trades placed, so it is impossible to guarantee you an exact percentage. This is why we always prefer trading with robots that have many tools and features that can be used to customize the trading profile and the trades placed.
Binary options robot profitability is equally hard to determine – there are simply to many factors involved. However, traders should always use the trading robot that offers personalised trading and gives them a higher level of control. This way they can either turn off strategies or assets that drag the overall win rates lower. Also, risk settings will allow to get only the signals with lower potential payout, but also less risky.
Note: Robot results are not always verifiable and depend on many factors
Which Forex or Binary Options Robot Really Works?
The question every trader should ask themselves is not which forex robot really works, but which forex robot works for them? In order to find out the answer, we recommend reading all forex, binary, CFD and crypto robot reviews available on our website and doing some research yourself. Only so can one be sure that their decision is optimal.
Also, use forex robots that have a no deposit demo mode, so you can test drive the software.
Forex Robot Demo – The Best Way to Test the Software
While reading reviews traders will find out there are robots that offer a free demo and robots that don’t. Forex robot demo, or any other type of demo whether it is binary options, crypto or CFD robot we are talking about, allows the trader to get a first-hand experience on what trading with a certain robot actually looks like. Demo accounts usually come with a certain amount of virtual money. With this money, you can’t make real money (as it is virtual), but you can use it to trade on the platform and avoid rookie mistakes that can cost you real money in the future.
Traders should always prefer forex robots that have a free demo, as they make the entire trading process more transparent. You will know what awaits you, once you deposit with the broker available on the trading interface.
What is the Best Auto Trading Robot on the Market?
A new forex robots, binary options robots and crypto trading software pops up every day. It is understandable that traders often feel challenged to find the one that really is the best forex robot or best binary options robot. There is no unique brand that can be considered the ultimate solution for all traders, as we all have different goals and trade in different ways.
Still, here are some characteristics of the best forex trading robots:
- Free demo account
- Regulated brokers available
- Multiple account types
- Variety of settings, tools and assets
- No download required
- Mobile trading supported
Sometimes, traders will be able to find auto trading software that supports all these characteristics, and sometimes they will find only some of them. It is important to read reviews, like those available on our website, to get a better picture on the overall image of a certain forex or binary options robot, instead of focusing exclusively on a single characteristic.
Are Forex Robots Scams?
Traders must be aware that the quality of CFDs, binary and forex robots may vary depending on the brand. Not all auto trading software or binary options robots are created equal and not every algorithm is equally complex or advanced. Some algorithms are simply more reliable than others. Also, the quality levels of customer support, brokers available and tools offered are not the same with different brands. We always strive to provide objective review and warn traders about unethical practices, but the best way to protect yourself from scams is to read reviews thoroughly and focus on facts rather than promises.
What are Forex EAs?
Different class of robots are MetaTrader Expert Advisors – EAs. They function on a bit different principle and require manual installation in the system. Their advantage is the fact that they can be tested on historical data, however, they are not easy to install for unexperienced users and can cost up to several thousands of Euros.
Forex Robot Comparison: MT4 Expert Advisor vs FXMasterBot
MT4 EA is also known as Metatrader4 expert advisors. It is a special type of auto trading software that can be added to the MT4 forex trading platform with the sole purpose of auto trading. There are many different types of MT4 expert advisors, but in this case, we will try to compare them with one of the most popular auto trading software that doesn’t require any downloads – FXMasterBot.
MT4 expert advisor can be described as a plug-in that needs to be installed directly on the Metatrader platform. Considering that Metatrader platforms already require download and installation, many traders feel challenged by so many technical maneuvers necessary for auto trading. On the other hand, forex robots that can be accessed directly from the browser are straightforward to use, and there is no technical knowledge necessary.
From that point of view, FXMasterBot is more user-friendly. All you need to know are your login credentials and you can easily trade from any device you have nearby that is connected to the internet. Also, good EA’s cost money, and FXMasterBot is completely free. Thanks to free auto trading software, you can direct all your money towards trading, and in case whn you are using MT4 EA’s you have to put an additional cost into trading equation.
While in the past, MT4 EA forex robots were considered to be the ones that offer highest customization possibilities with strategy parameters and other settings. FXMasterBot makes this entire decision-making process easier. And while there is no doubt that MetaTrader4 expert advisors have certain good sides, modern “prosumer” traders are more oriented towards simple solutions that have everything taken care of, such as FXMasterBot.
Overall MT4 EAs do have advantage that there are as many of them as there are people who believe they have cracked the formula to trade in the market. Many of them perform really good in set conditions, while others offer lower returns but better adjust to abrupt market changes. In this sense they have advantage that one does not rely on default few strategies, as with FXMasterBot which uses Bollinger Bands and few other indicators to create signals – there is a huge selection of approaches. EAs offer much more versatility, but also are more complicated to run for some people.
Binary Options and CFD Robots and Regulated Brokers
As previously mentioned, most modern forex, binary and crypto auto trading software offer a list of brokers you can use to make a deposit with. Bear in mind how auto trading software never accepts any deposits nor processes withdrawals, as that is done by the broker.
Regulated brokers give credibility to the auto trading robot and give traders an additional level of safety at the same time. We always support trading with regulated forex and binary brokers, as they oblige to demanding set of rules and have high standards when it comes to customer protection.
Forex Robots for iPhone and Android Phones
The needs of modern traders can no longer be fulfilled with desktop trading only. That is why more and more forex trading software offer mobile versions of their trading rooms or mobile apps that can be downloaded from their respective app stores.
Forex robots that are supported on iPhones and Android phones make trading possible no matter where you are and what you do. You can wait for a bus, a meeting, or sit on the beach and still get access to latest trades. This makes trading more dynamic and is not limiting you only to your desktop computer. Binary options robots are no longer supported in form of an app on iPhones, due to Apple’s decision to remove them from the store.
Still, there are certain conditions that need to be fulfilled for successful mobile trading with auto trading software. For example, make sure to have enough space on your phone so that the app can work without any delays and interruptions. Also, make sure that your data plan supports enough traffic that is necessary for trading, or that you are connected to a reliable wi-fi network.
In the past, mobile versions were often the not most optimized trading solutions, and mobile apps usually were the best choice. Today, there is little to no difference, but again, use a free forex robot demo to make sure you like the way trades are placed on your mobile phone.
Bitcoin and Ethereum Auto Trading Software – Cryptocurrency Robot Trading
As it is already a well-known fact, cryptocurrencies are considered to be the next big thing in financial trading. Also, increased popularity of cryptos increased the demand for safe and reliable crypto trading software. And while it seems to be an impossible task to find a solid bitcoin auto trading robot, or ethereum auto trading software, traders can apply the same rule they do when choosing a forex trading broker.
They simply have to find a solid auto trading software that supports this type of trading with, preferably, regulated brokers who offer cryptocurrencies as underlying assets. Also, there are specialized robots that support crypto assets exclusively. This is a much better trading solution than using a robot that trades for you directly on the exchange. You will keep control over the entire trading process which is of crucial importance.
Crypto Auto Trading Software Benefits
Cryptocurrencies markets are extremely volatile. Sometimes it takes only a rumor, statement or a slight change in the regulatory framework to cause great drops in the crypto market . This puts traders in an unfavorable position – they can experience unexpected losses at any moment, and miss great trading opportunities at other.
Bitcoin auto trading systems and ethereum trading software can give traders a chance to take a break. Besides, they also serve as an additional tool for trading with their favorite regulated brokers. Cryptocurrency trading with best auto trading robots combines dynamic crypto trading with more reliable forex trading (as most forex brokers offer cryptocurrencies in their portfolio). Using a reliable crypto trading robot that requires no special downloads and installations and cooperates only with the best crypto brokers on the market can significantly improve your chances of reaching satisfying win rates.
Binary Options Auto Trading Software – Browser Plugins
The second type of auto trading software in binary options is the plugin. The idea here is to use the feature modern browsers support – extensions – in order to make a small program that will run as the auto trading overlay with the chosen broker trading platform. Usually, one gets a sidebar with some settings. While this seems very practical, in many cases these are the worst designs since many of them still work in a way that the software uses the position of the platform to write down signal data directly into the interface of the broker’s trading platform.
This is a very clumsy solution and probably the worst type of binary auto trading software implementation. The installation can be easier than with the standalone software, however, this is not the rule. Sometimes plugin needs to be downloaded and installed just as the regular software. In any case, this solution is often less stable and secure since it depends on the browser and its performance.
Are Web Based 100% Automatic Auto Traders the Best Choice?
Without even touching the performance of binary options auto trading, we are arriving at the newest way to implement auto trading. The new approach respects the inherent web-based nature of binary options and keeps the main trait of binary options trading – online, no download, browser interface. The idea is to have all the necessary settings in the browser and turn auto trading on and off trough a simple click. Web-based solutions are becoming the most popular way to trade binary options since no installation is required.
Auto trading software run from the server controls the experience while broker trading platform is used to place trades.
Prices & Binary Option Robot Activation Key
A lot of customers are asking how much do these binary options auto trading solutions cost. There is no unique answer here. Some charge for their software, while others do not. Some require monthly subscriptions while others sell software licenses for major versions. Also, many offer a free version that does not include all the options the full version, which has to be paid has. In some cases, there are fewer controls, while in other cases not all brokers are available.
Paid software will usually require an activation key from the provider in order to get it to work. This is a protection against those who would download it without paying. This is also a reason why many customers think there is a crack or a keygen (activation key generator) for binary options robots. We are not aware that hackers have developed any cracks in order to get this software for free, but it is very likely the access would be blocked from broker’s side.
Free auto binary trading software
If you prefer not to pay for the binary options robot software, there is no need to go around looking for keygens and cracks. There are perfectly good free auto binary trading services that all you need to do is sign up and set the account. Our favorite, as can be seen in the list below is the Binary Options Robot. It is free and has a web-based interface that does not require any downloads.
Binary options bot for Mac
Not all binary options auto trading solutions have a version that is available on the mac. Plugin solutions might work in some instances and not in others. The surest way to get a web based solution as the aforementioned Binary Options Robot. This way traders can be sure it will work on every platform, without installation.
Binary options robot – scam or not
Binary options robot sector is versatile and it is hard to say that every service is a good one. Some may not be that bad, but they use spammy tactics that make us distrust them. Some are total scam preying on customers with their “make money fast” schemes. Trust us, there is no such thing. Do not fall for that. It is also important that the binary options robot of your choice does not feature brokers that are a scam, or you could encounter problems with withdrawals. Take a look on our blacklist in order to know which brokers to avoid.
Best Binary Options Robots
As with all markets these days, automated trading has also entered the world of binary options trading. This type of trading is also known as algo-trading or in this case, the use of binary options robots. The system uses an electronic platform to enter different trading orders with the help of an algorithm. An algorithm is a series of data analysis and instructions used instead of human decision making. As such, it requires no human intervention because the electronic platform executes a pre-programmed set of instructions at various times. At a time when markets have to process a large number of data and news – sometimes random, many traders have taken this option. It is also used by professional investors, including pension and mutual funds, as well as investment banks and certaining institutional trading firms. Every step of the trading process is handed over to binary options robots who manage all aspects of the trade. Automated trading in binary options requires no analysis on the part of the investor, as advanced software uses the knowledge of experts in both IT and the financial markets who have helped develop the program to trade on behalf of others.
There are a number of factors to look at when deciding to use an automated trading system and this applies to all types of financial instruments.
It should be trustworthy and reliable.
It should be free, or low cost at least.
It should be web-based.
It should be supported by a range of reputable brokers.
Successful binary options trading requires careful market analysis.
The premise behind binary options is to predict the direction or a pattern of an asset’s price, and for some, this does not come easy. However, a certain understanding is useful of the fundamental valuation determinants, as well as the technical aspects using charting systems and graphs. In addition to this, it also requires a significant amount of time – something not all traders will have readily available. As such, automated trading has offered an alternative way for many traders to improve results without having to spend hours sat at the computer or working out the mechanics of a particular binary option (in this case). When these systems first entered the world of trading, binary options robots were less sophisticated, and not the easiest tool to use. Thankfully, development and technology has moved, and binary options automated software is much more user-friendly, increasing its popularity.
Binary options traders with only a basic knowledge may feel comfortable to rely on binary options robots throughout the whole process of trading. This is effectively a form of passive investing with no real input from the trader or investor though an understanding of this market is required to decide whether this is an area worth investing in. They do not necessarily need to sit in front of their computers watching the charts and other market indicators, nor do they need to constantly be vigilant on the markets. In this instance, it is all about placing one’s trust in a trading system which focuses on binary options if you believe this is the best way to take advantage of the market as it currently is.
Binary options automated trading may seem as attractive as a number of other algo trading systems, but they all carry the same market risks as well as a highly competitive industry which tries to win out on speed (of trade entry and exit) as much as anything else. There are no guarantees of profits every time, but advanced systems can generate returns, you just have to decide whether this is something you want to trust in, or whether your own decision making process will work better.
Just as one has to decide whether trading the market with binary options is better than trading traditional Forex, you also have to ask whether your own judgement is worth giving up for the trust of an automated trading system.
Are binary options robots reliable?
This is one of the most commonly asked questions with regards to trading with binary options robots. This largely comes down to researching systems, which in some cases may prove to be more time consuming than learning and trading the market yourself. If one can find a reliable system through recommendations, then as a new form of investment, may be of use to those who do not have time to devote to following the markets closely.
Binary options automated trading makes the whole process of trading much easier for the average trader, as well as those who are entering the binary options market with limited experience. Automated trading and the associated binary options robots offer direction to beginners. However, putting complete faith in trading robots is not something all will be comfortable with, especially if you have developed your own trading system based on your own decision making process. Let us not forget, that trading through binary options can tie up your capital, and can be quite inflexible, as we have discussed in other sections, so if you are committed to trading the markets for yourself, then understand that the trading signals generated are based on human decisions .
However, the automatic platform does provide the inexperienced trader with the information they would otherwise have to find for themselves. Manual binary options trading requires analysis of charts and an understanding of the markets on a fundamental basis, including trends and asset class specifics. Even so, should one decide to decide with their own decision making process, then there are plenty of sites which can be educational as well as informative in terms of news and data, and this can be quickly assimilated in a day and age where information is much more readily available. This website will aim to provide as much of this as possible. An automated system, may increase a trader’s chance of success, when having limited knowledge of the market and processes, but this can be replicated in many other ways.
The number of automated binary options applications is increasing on an almost daily basis.
Binary options robots have become very popular, and there are plenty of providers coming to market. The more established names are more likely to be a more reliable, for example, those linked to larger financial institutions. We’ve already explained the ins and outs of binary options automated trading, so now we look at how to separate the good from not-so-good.
Binary options robots make it possible for traders to make profit in a number of different situations, particularly those that require swift decisions. A robot can help you get better results faster, and can also help you to trade more efficiently. Even so, learning how to trade in a disciplined manner with rigid risk management systems is also something which is widely advised by all serious market advisers.
As attractive as binary options can be, either manual or through automated systems, the flexibility of trading the underlying asset or spot markets can be just as rewarding with just a little time and effort in developing your own style of trading. As we have stated above, there are many educational sites which can assist you with this, and will allow you to trade with a little more freedom than with the use of options.
If you wish to stick with automated trading of binary options, it is naturally important to find the most reliable and successful ‘robot’ you can find. This in itself is not easy, but here are certain things one can look out for.
How to spot an illegitimate binary options robot
No previous trading history. Look for information on previous trading records. If there isn’t any, this should raise your suspicions. A robot that has made profits should have no reason to hide this. will have no qualms about letting everyone know. A number of robots will promise big profits, but a proven track record will prove this. A legitimate robot will have its trading history clearly visible on its website.
Design of a poor website. This is possibly one of the biggest tell-tale signs of an inferior robot. There are few rogue ‘bots’ who will bother to spend time and money on their website design. If the website looks amateur, it is likely that the people behind it are amateurs too! If the robot site is well developed and stylish and equals the quality of more established names, the input into the site is more likely to be matched by their integrity.
No robot features are mentioned. The website should inform you of the robot’s features. If none are offered, then this will give the investor little to go on and should be avoided. An honest-trading binary options robot will have a wide range of possible customisation options so that traders can tailor the robot in accordance with their own trading parameters.
Exaggerated results and unrealistic returns. Always be wary of binary options trading robots that promise very high returns. A projected income of more than $1,000 a day is clearly an exaggeration, especially if not specified on what basis or account size. A more reasonable expected income based over weeks rather than days, shows a more risk managed approach. Fine tuning and patience is required, along with some experimentation. Any form of investment requires a certain amount of risk, so not all trading robots that promises a guaranteed income are to be ignored.
Only compatible with unregulated brokers. Only the best binary options robots are accepted by the more reputable brokers. If big-name brokers do not trust a certain robot, then neither should you.
Customer support is non-existent. A fraudulent robot site will not be interested in the problems of its clients, so there may not be any contact details on its website. If there are, then try to communicate with them, if only to get more information before signing up to a particular service. If you’re able to get the answers to your questions, then this will instill more trust in the robot program.
Short history in the market. A short lifespan in the market does not necessarily mean a robot is inferior, but it should raise some concerns. It is better to look for automated trading software that has been around for some time, say a few years (at least), which would also prove that their program has been successful for a length of time. Bad ones do not last for long!
In conclusion, there are a number of automated binary options sites out there, and some come at a cost, while others are free to use. We will feature some of the better binary options robots in future articles, but we have plenty of other informative sites which can give you a direct insight into the markets in order for you trade directly yourself. This may well be significantly rewarding, both financially as well as in developing your knowledge base and general up-to-date information on the markets.
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