Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Brokers for Auto Trading?

Best Binary Brokers for Auto Trading?

A lot of traders wonder what binary brokers can be the best choice when they use auto trading products. Some robots allow trading only with one broker, while some robots allow trading with more binary brokers which gives them the opportunity to have more diversity in their trading strategy.  

We have already reviewed several binary robots that have been active for some time and in this guide, we will mention which brokers are offering auto trading services to their clients.

Binary Brokers that Developed Their own Robots

Besides a variety of binary robots available on the market, there are some robots that are owned by binary brokers. This means that brokers have decided to develop their own auto trading software and provide auto trading services for their clients.

One of the most famous brokers that were offering auto trading services was IQoption that had IQoption Robots software. Unfortunately, this broker has recently decided to shut down the auto trading project and it only offers manual trading through broker interface.

More about IQoption Robots software read in our detailed robot review.

The second broker that has offered auto trading services to their traders is Daweda Exchange, with their Daweda Automatic Trading Software. Daweda robot offers only trading with Daweda broker.

Algobit is also one binary software that s owned by one of the regulated binary brokers OptionBit. We have recently reviewed Algobit software and found this robot offers free signals to traders and execute trades on their behalf. Algobit also provides trading only with one broker, which is fine if you don’t prefer trading with more brokers simultaneously. Trading with Algobit starts with $250 and it offers several trading features that might keep your interest for trading. According to their official site, Algobit is the winner of several awards that increases the quality of this software. One of the awards was for the best innovative technology.  

Top 3 Robots that Provide Trading with Multiple Brokers

First, we have mentioned binary products that are developed by brokerage companies and offer only one broker for trading. Those traders that haven’t found themselves in the first list can continue reading the text below.

There are various types of binary options traders some prefer trading with one broker, but some prefer trading diversity and this is also possible. There are hundreds of binary robots on the market that provide trading with more brokers at once. Check out best robots that offer to trade with multiple brokers.

#1 Binary Options Robot

This software is definitely our winner for a long time. According to their site, this software offers high-quality brokers and traders are welcome to register for free. Binary Options Robot offers semi-trading services, meaning traders have complete control over their trading portfolio.

Trading with a robot is pretty simple, traders can choose preferred broker or more brokers and they can place trades from the same trading interface. According to our analysis, Binary Options Robot allowed traders to trade with more than 10 binary brokers: G8investing, BinaryOnline S, PlusOption, uTrader, PWRtrade, OptionStars, Stern Options, 10Markets, CTOption, HBC Broker, Prestige Option, Hedgestone Group

#2 OptionRobot Software

Definitely, a robot that needs to be mentioned in this guide. This robot allows trading with multiple brokers too. In our OptionRobot review, we have found out that traders can place trades with this software even when the markets are closed.

OptionRobot allows traders to trade with BDSwiss, uBinary, Opteck, 24option, StockPair, Tradorax, BinaryTilt, EmpireOption, DineroLibre, FMTrader, and MarketsTrading. It is important to say that not all the brokers are available for trading in all countries.

#3 Fintech Binary Software

This binary robot is one of the favorites so we need to mention Fintech too. Traders that register with this robot have the option to trade with OptionBit, StockPair or Banc de Binary. The software is simple to use and according to their site, it is perfect for those without much knowledge and trading experience.

Traders that register with Fintech can place trades from their mobile phone and they can make deposits while they are on the go. Read more about Fintech in our Fintech review.

Best Brokers Conclusion

Our site has focused on providing most important information about both brokers, robots and binary signals on the financial market. Most robots are developed in order to help traders without trading experience. Besides our detailed guides on how to trade with the certain robot, most robots and brokers provide educational materials about binary options and their products.

It is important to check if the broker you decide to register with is regulated by some regulatory body. Not all the brokers are available in your country, so if you can’t find an appropriate broker, try to contact robot provider and see if they can help you find a solution.

All of the mentioned brokers offer various types of customer support and traders will get an appropriate update about all things they want to know. Brokers that developed their own auto trading product will provide more information about their product than other brokers.

It can happen that if you contact a broker agent and ask them for a third party robot, they might not know the specific answer to your question. This is because they don’t own the software, they only have a partnership with it.

Most binary robots offer free services to their traders. All robots we have mentioned are free and they don’t charge extra fees for their services. Traders make deposits directly with the broker on the broker’s account. In order to make a deposit, traders first need to register with a certain broker. There are various types of payment methods available.

We hope that we have answered all your questions about robots and supported brokers on their platforms. Our site provides various guides that might help traders find more about regulations, payment methods and available features and trading tools.

Keep in mind that trading binary options are risky especially if you don’t trade with reliable brokerage company or transparent robot software.