Binary Options trading is quite a technical field. It requires massive experience on the part of the trader. However, some traders feel that manual trading will be a tough venture for them. This is why they decide to trade using auto trading bots. Now the investors have loads of misconceptions when it comes to trading bots. Some traders believe that they will become millionaires overnight if they decide to trade using the auto trading bots. However, this will not be the case in the real world for sure because trading is quite a technical field. The investor needs to be quite careful when choosing auto trading bots because he might come across a scam as well.

What are the traits of scam trading bots?

The new traders are more vulnerable to trading scams because they have little knowledge regarding the field of trading. This is why the investor needs to be on his guard regarding the scams. Here are few things that are common amongst the auto trading scams.

1. The promotional video of the scam bots usually does not have any valuable information in the video. The algorithm of the trading bot is not revealed, and the trader is usually oblivious to the trading terms and conditions.

2. You will be unable to find any valuable information about the person who created the bot.

3. The scam trading bots divert the trader’s attention to the profits that the trader will be able to generate and do not focus on the actual trading mechanism. Make sure that you are quite vigilant when you are selecting a trading bot for trading.

How do we find the best trading bots available?

While it is true that there are some bad apples in the binary options industry, it doesn’t mean that all trading robots are bad. In fact, using software to trade currency pairs was popular and still used by some traders all over the globe. The same goes for binary options trading.

We only choose binary options trading robots that meet the following criteria:

1. Users of these robots must be able to choose their own brokers. If you were subscribing to any binary options products before, chances are, you will be directed to any random brokers that you cannot choose.

2. Users, in other words, our readers must be able to test the robots on a demo account first. This is very important since you don’t want to lose thousands on any random apps on the market.

3. The recommended brokers must be regulated. In case you didn’t know, some binary brokers are not regulated. In other words, they don’t get approval from the local government first before starting a real business, handle credit card payment and so on. It is not safe to deposit your money into these brokers because once your money is inside, there is no way to get them back. Even if the software might get rave reviews all over the web, it is worth to check whether the recommended brokers is regulated or not. Otherwise, that particular app is not worth your time.

Which binary trading software we recommend?

Below are our choices for binary options trading software that get good feedback all over the web and most importantly, they allow you to test on demo account mode first, before putting real money on the line. Yes, the recommended brokers are safe and regulated.

1. Option Robot

optio-robot-ss

Option Robot is yet another trading bot that will not come up as a disappointment for the trader. This trading bot has a genuine and transparent trading approach. This is why it is surely an array of hope for you if you are new to trading and have little trading knowledge.

The following are the features of this trading bot that should convince you to choose this system right away.

1. The best thing about Option Robot is that it offers a demo account to the trader. This is why you get a fair chance to evaluate this trading bot and see if it suits your requirements. Offering a demo also proves the point that the trading bot is genuine and has got nothing to hide. Sign up for a free demo account with Option Robot.

2. Signing up with this trading bot is quite a simple process. You have to follow just three simple steps. First of all, you need to join and choose a broker. Don’t worry, you don’t need to deposit anything and the binary brokers are regulated so they are safe to use. 

3. This trading bot promises an accuracy of about 83 percent. This is a quite an impressive percentage and proves the point that this trading bot will be able to turn out to be a profitable venture for you.

4. Option Robot readily reveals the names of the brokers that it uses. This also proves the fact that this trading bot is genuine and there are no loopholes. It is essential to know the names of the associated brokers because the trader will eventually be making a deposit to the associated broker.

5. Option Robot does not keep the trading approach secret. It defines three clear-cut methods for trading. These methods include Classic, Martingale, and Fibonacci. The trade, indicators are also indicated on the website, so there are no secrets kept.

6. In case you need help about using this robot, there are several tutorials about Option Robot which can be found on Youtube. 

 

 

Verdict about Option Robot

This trading bot is perfect for the new and experienced traders. The new traders should try the Classic method offered by Option Robot because it holds the minimal risk for the trader. If you are willing to try out high-risk trades, then you can easily use the Martingale method offered by Option Robot. Thus the ample trading options make Option Robot an ideal pick for any trader who wants to reach new heights of success.

For more details, you can visit the official website, optionrobot.com or you can check out our tutorial on how to use this software. 

 

2. Automated Binary

If you are looking for an alternative to Option Robot, Automated Binary is the ones that you are looking for. Automated Binary actually works on several indicators, such as CCI, RSI, stochastic and more. It also comes with several money management settings. You need to manage the risk properly, such as martingale for the highest risk, classic for standard risk settings and finally Fibonacci. automated-binary-2 1. Once you’ve signed up, you can test this robot on the demo account first. There is both demo and real account mode in the dashboard.

2. Trade only with regulated brokers. No need to trade with unregulated ones, so rest assured, your deposit is safe and your profit will be guaranteed.

3. The interface is easy to use and there are several trading indicators that you can use, such as CCI, RSI, stochastic, MACD, candlestick trend and more.

4. This software will manage your risk automatically. The highest risk settings are called martingale, (we don’t recommend this to beginners). The classic method is recommended for most situations. That is if you set the risk to $10 per trade, then you will be losing also $10 for every single trade. Compared to martingale method, which could vary.

5. This software is available in whatever languages that you choose from.

6. Support is provided via email/support ticket. Cons: There’s a little learning curve here and newbies need to know a little bit before putting real money on the line. The good news is, there are several tutorials available if you search on Youtube.

 

Verdict about Automated Binary

Overall, Automated Binary is highly recommended. No, it is not an easy money because the settings are somewhat tricky to newbies. However, if you are looking for a real, automated software that works, Automated Binary is one of them.

 

3. Binary Option Robot

binary-options-robot

Well if you are looking for some of the best trading bots then you should think along the lines of choosing Binary Option Robot. Now there are various reasons due to which you should think on the lines of opting for Binary Option Robot.

The Pros you need to know

1. The trader is only required to deposit about $250. Now, this amount is quite affordable in comparison to the expensive trading bots that exist in the market nowadays.

2. Binary Option Robot offers a 100 percent deposit bonus. This means that he will have the genuine cash to look forward to if he decides to choose this system.

3. You can expect an accuracy rate of about 78 percent with this trading bot, so this should convince you that this trading bot is a good pick for you.

4. The best part is that Binary Options Robot is easy to use and an ideal pick for those traders who are in no mood to use the complicated bots.

5. Binary Options Robot does not have any hidden trading charges, so all you need to do is make a deposit to this system and start using it right away.

6. It offers a generous choice of the binary options brokers to the traders, so this gives the investor one more reason to choose Binary Options Robot.

7. The trader does not have to download this system, and it is readily available online.

8. Once you sign up with this system, you just have to visit the dashboard, configure the trading bot and start trading right away.

The Cons

There are certain areas where Binary Options Robot can improve, and we will just look at these areas right here. – Currently, Binary Options Robot does not offer a demo. This is the only setback of this system. Well if Binary Options Robot does offer a demo then this will help this trading bot to win the trust of the traders, and they will be keen to choose this system.

 

Verdict about Binary Options Robot

Well, Binary Options Robot is an excellent pick and a great asset for a trader who is comparatively new to the field of trading.

 

Open an account with Binary Options Robot today

 

Trading binary options by using automated software

Now that we have already introduced the best trading bots, it is time to look into another important aspect, and that is how to use these trading bots in a way to attain the maximum benefit. First of all, whenever you come across a trading bot make sure that you explore the software in detail. The website will give you a clue about how the trading bot works. However, if you are still confused then do not be hesitant to put up queries. This way you will have a clear perception when you decide to opt for a trading bot. Make sure that you put your emotions aside when you decide to start trading using a trading bot. Make sure that you opt for a demo account first. When you try out the demo account, you will be quite sure about the fact whether the trading bot is an appropriate pick for you or not.

Once you explore every aspect of the trading bot, then you will be able to develop your comfort zone with the trading bot. This will be the smart move on your part and save you from a significant amount of trouble that you may come across shortly. Now once you are satisfied with the trading bot to make sure that you research about the associated broker as well because eventually, you will be making a deposit to the associated broker. Go slow with your trading investments initially till you are well versed with the trading bot and know all about it. This way you will have less on the lines and will not have to worry about the losses that may come your way. The traders have one incorrect perception about trading bots. They believe that they will not have to struggle on their own if they have the assistance of a trading bot. Now, this is completely incorrect.

The trader needs to polish his trading concepts. This means that you should not get completely relaxed in the presence of a trading bot. Keep an eye on the market trends and map how the trading bot is using this aspect to your benefit. You should never become oblivious of the new marketing trends if you have the assistance of trading bot.

The reason is that this will hamper your growth and you will not be able to excel in the trading world for long. Remember that it is a myth that you can trade without any trading knowledge because it does not happen in the real world. For binary options trading knowledge is a mandatory requirement whether you are into auto or manual trading. In fact, you should be searching for new trading strategies as well so that you can get a better insight. This is the secret to excelling in the field of binary options trading. The struggle is the key to success. However, the trading bots mentioned above can help you achieve your goal so make sure that you select one of the best trading bots mentioned above and take your first step towards trading success.

See also:

 

The Omnia App is a new binary options signals + software which is full of fake promises. All the things mentioned in the sales video and website is nothing but hype to sell you into another binary options product. After looking into this software, we don’t recommend this product at all to our readers. It is actually just another white label version of a previous binary options software called Guaranteed Money System.

You can’t make $237 per hour with the Omnia App
The website mentioned that you can make $237 per hour with the Omnia App system. That is actually a fake claim. There is no way you can earn that kind of money with this app and even if you can, it is not consistent, unless if you deposited tons of money into the broker account.

You might already know this, but Omnia App is actually about making money with binary options. In case you are new to make money online, binary options are actually one trading method where you can earn money by choosing call or put. For example, if you think the asset, let say EURUSD is going up after one hour, then choose call. Otherwise, if you think that this asset is going down, then choose put.

If your prediction is correct, then you will earn back your initial capital plus 85% profit, based on your capital. For example, if you invest $10 at the beginning of the trade, then you will earn $18 by the end of the time period. Otherwise, you will lose all your initial capital. As you can see, there is no way you can make $200 per hour with this system, because the way binary options work.

The website advertised that you can make the money for free, while it isn’t
The Omnia App is being advertised as free, while the fact is, this product cost you money. Sure, you can access the dashboard of this app for free, but in order to make the money, you need to deposit at least $250 into the recommended broker account, which is not recommended by us. In case you are wondering, this is how the Omnia App member’s area looks like. 

There are no settings to minimize the risk or your losses. There is also no control over your budget on this app, which raises the red flag to us. 

Is there money back guarantee with Omnia App system?
The short answer is no. The problem with the Omnia App system is the fact you can only use an unlicensed broker, which is not recommended by us. In case you didn’t know, there are tons of binary and forex brokers out there. Some are licensed, some don’t. Professional traders always check and use only licensed broker because they are regulated by the local government and even mention their license numbers on the website. If you deposited money into a licensed broker, then you will be able to withdraw them. On the other hand, the unlicensed broker doesn’t. The problem with the Omnia App system is the fact they are working with offshore unlicensed scam brokers.

Alternative to Omnia App system
If you are looking for a real system that works, then we highly recommend that you learn how to trade yourself and read the market from scratch. However, if you still want a  trading robot that works, we highly recommend that you take a look at Option Robot software. This one is probably the best trading robot so far with high accuracy and even better, you can test this product on a demo account first, before depositing real money on the line.

United Trading (unitedtrading.cc) is one newly released social trading platform this month. While some people might recommend social trading, we found that United Trading App is somewhat risky to newbies. Keep reading to find out more.

First of all, what is social trading?
This is actually a great concept where anyone can copy your trade, in other words, if you are a professional trader, then you will be able to send signals to fellow traders on when to choose call or when to choose put.

If you are new to make money online, then social trading could be very helpful since you can analyze the market, see how others are doing and avoid tons of mistakes on the way.

What will a newbie get from United Trading?
This is actually a semi-automated trading platform. In other words, you can choose to trade manually by waiting in front of your PC or tablet and then choose call or put. Or you can also enter the automated mode, where you can let this app trade for you.

Are the creators of United Trading for real?
In short, no. We don’t care whoever behind the software app whether they are real persons or not. Most likely, they are just actors hired to represent this company and sell you this app. As you can see in the videos, there are five people inside the team of United Trading App – Professor Anthony Grecko, Jaleel Bashir, Matt Kirby, Adam Fletcher and Lydia.

Why we don’t recommend United Trading to our readers
#1: Social trading, while could be profitable, it is actually not as easy as it sounds. The reason is simple – While you can copy anyone’s signals in this platform, but the problem is, the United Trading community is still new. In other words, it only attracts newbies to sign up, and then share any random signals in the platform.

Think about it this way. If you want to become successful, then you probably have to copy successful traders’ signals to make the money. Otherwise, you will fail, in other words, lose money. The problem is, United Trading is still new and doesn’t have many professional traders inside their member’s area. The majority of them are just newbies, so you will keep getting bad signals.

#2: It is actually not free to try. While you can access the member’s dashboard for free, this platform requires you to deposit at least $250 into the recommended broker, and we don’t recommend that. We highly recommend that you find any broker that comes with a working demo account so you can test the water first, before putting real money on the line.

#3: They are using fake actors, which is somewhat shady marketing tactic in our opinion. Like being mentioned before, the Professor Anthony Grecko is not even a real person. He is actually an actor hired for marketing purposes.

#4: It also comes with an automated mode which is somewhat risky to anyone who wants to make quick and easy money. Anyone who doesn’t have the time to trade and watch the software will want to turn on the automated mode and then make the money. While they might claim that the automated mode could be safe, we actually doubt that, especially since this software doesn’t allow you to test the water first on a demo account.

The next time you want to find an automated software like this, please make sure that you try the app on a working demo account first, before putting real money on the line. You might not know this, but a demo account is actually a trial version of one particular broker, where you can test the tactics or strategies first, before depositing real money on the line. Otherwise, if your strategies fail, then you are not ready yet to switch to a real account.


Verdict and alternatives

Save your money on unitedtrading.cc. There are tons of better software out there where you can try, with rave reviews all over the web. We highly recommend Option Robot, since this software has tons of features which you can choose from. Other than that, you can also take a look at our recommended software list.