Binary Option Auto Trading is an online trading software. The automated system uses robots and software to trade on the binary account on your behalf. They claim to have over a thousand clients from all over the world.
Binary Option Auto Trading Review
The service allows traders to trade cyptocurrencies, currencies and many other assets provided by your binary options broker. Despite the system being established not so long ago, the vendor claims to have a long history of success. They believe it has expanded quickly because of the positive change they’ve had in the financial market. They want traders to relax and wait to expand their bank accounts in no time.
In this review today, we will analyze all of these claims, tell you how it works, and whether or not you should sign up.
How to Open a Binary Account
Opening a binary options broker account is free and it involves three steps as follows:
- You will be prompted to submit your personal information such as your full name, phone number, country of residence etc. You will then create your account password.
- The next step involves choosing your preferred broker. The online platform offers various brokers for your display to choose from. While choosing your preferred broker, you should know that every broker is not supported by every country. You can use Binary Cent, HighLow or IQ Option.
- The final step is to deposit money in your binary account through the credit card.
After a successful registration, you can start to trade immediately. You will also receive live trading signals. You will have full-time access to your personal dashboard where you can change the trading settings according to your taste.
Binary Option Auto Trading Advantages
The Binary Option Auto Trading automated software has several benefits that are favorable to the traders. Keep in mind these are claims from the vendor, see here:
- The platform offers a safe and secure trading platform for its traders.
- It is a reliable trading platform.
- As a member of the binary options auto trade, you can trade anytime you want.
- The online trading platform has over a thousand accesses from all over the world.
- The registration process is free.
- Every new trader is treated as a VIP and will receive free VIP services.
- You will have a maximum of 10 trades per day.
- The customer care services are excellent and timely.
- The online platform has an average win of 86%. (unproven)
- As a new trader, you will have the opportunity to work with qualified brokers.
- The minimum deposit amount depends on the preferred broker you choose. It can range for 200 USD-250USD. Once you deposit the money, the platform safeguards it, whether hard earned or not.
- The broker will trade a maximum amount of $25 per day.
- As a new trader, you do not have to download the binary options software for security risk measures. The software takes care of the trade on your behalf. However, you will have access to your account 24/7 with accurate updated information.
Binary Option Auto Trading Features
Just like many trading software, binary options auto trade has different features that enable traders to trade successfully.
The dashboard gives each trader an option of changing the settings such as the broker’s dashboard password. You will also have different personal dashboards for each broker if you choose several brokers. At the dashboard, you will see your account balance, trading settings among other things.
In this feature, you can gain access to the broker’s account information. You can also stop or restart your trading activities. This feature allows you to take charge of how you want to trade and with whom.
Just like the name suggests, it offers the traders three options that include daily stop loss, trade amount, and maximum daily trades. The traders will be able to control the daily losses that are inevitable. The platform also allows the traders to control their daily trade amount as well as the amount the brokers will use to trade.
Here, the trader can choose the favorable asset they want. However, the asset depends on the type of broker you choose.
There are seven signal providers available at your disposal for the traders to choose from; they include Euro Trader, US Trader, World Trader, Pro Trader James, Pro Trader Lennon, Pro Trader Lisa, and Pro Trader Andre.
They don’t give us any insight into how each of these traders are approaching the markets.
The Customer Support System
The binary options trading platform has excellent customer care support. They are friendly in a professional manner. They ensure the customers get quality support and in a timely manner.
2019 Update, Trading Results
Despite being on the market for some time now, there still aren’t any verified trading results anywhere. The website has a section of the page with a bunch of names scrolling, and their trades, but this could easily be fabricated.
The same can be said about their testimonials.
There are simply no results, or any traders in the market, claiming to be having good results with the software.
Binary Option Auto Trading is an interesting software, but not one we would recommend to our clients. They have no strategic analysis, no trading results, and that’s just not acceptable.
There’s no reason to sign up with a system, that can’t provide the basics.
If you have anything you would like to add to the review, comment now.
In my honest experience from 2015 where I was scammed by 3 trading automated systems, I will never recommend any trader to use such a robotic machine. But, it is better to have a signal system in place that send you every day about 500 signals in 10 currency pairs, then you have the choice to take your trade manually. By doing so, you have the control over your hard earnings capital instead of relying your work on the machine.