Binary Auto Trading With Reliable Brokers Reviewed by Us
From our perspective, auto trading is the ideal way of trading binary options for newcomers and experienced traders.
Here’s why. Auto trading indicates that all the trading is done by a computer program – binary robots. A binary robot is a binary software which has integrated one or more brokers in their system and functions on complex trading algorithms. They generate binary signals which analyse the market and the outcome is the robot placing trades with a possibility of optimal winning odds. So, the probability of human error should be decreased to a minimum. From our perspective, traders will have more time if they trade with binary software.
Due to the huge success of auto trading robots, there are also many brokers who developed their own auto trading software. Traders should know that any transaction that occurs while trading with a robot, happens between the trader and the broker. We want traders to know that the auto trading robot serves as your tool to place trades with an intention to gain optimal odds.
How To Trade Safely With Binary Options Robot?
Choosing the right broker for you depends on many things. Here at BinaryOptionRobot.com, we believe it is important to check the broker’s credibility before trader starts actual investment. Our mission is to test broker platforms and provide extensive and detailed reviews on broker services, making sure that traders are well informed and prepared for trading.
We prefer to check if brokers provide clear and precise information regarding their trading terms and regulations so our traders know what to expect. When trader access a broker’s trading platform, deposit and withdrawal procedures should be simple and straightforward. Most of the binary brokers usually offer various payment options; with e-wallet, debit or credit cards and/or bank transfers.
We also want our readers to know that some brokers, like IQoption, provide a demo account where new traders can try out the broker’s trading platform and experience trading with virtual money before making a deposit. This option is brilliant for beginner traders. It gives them a chance to practice and work on their trading skills in actual trading situations.
Why Do I Have To Read Broker Reviews?
When we talk about trading in general, there is always a certain level of risk involved. However, in binary options trading, that risk could be minimised if you are properly informed. That is why we inform traders and provide broker reviews so traders can read them before they start trading with different brokers.
We believe that our broker reviews are objective, with detailed information about brokers trading platform, available assets, payment transparency, withdrawal terms and customer support.
Here, we give traders a detailed input about broker’s services and trading options so traders could decide whether they want to make a deposit with a certain broker.
It is also very likely to come across undependable forums with negative and subjective reviews written by traders who haven’t made any profit in binary options trading. Thus, due to personal frustration, they may provide inaccurate information about binary brokers.
Therefore, traders may read broker reviews on BinaryOptionRobot.com, where they will find miscellaneous information about trading with robots and brokers.
Regulated And Unregulated Binary Options Brokers
There is a great difference when defining regulated and unregulated binary options brokers. We would like our readers to know what it means when a broker is regulated and how to be sure that it could be a legitimate claim.
There are certain government agencies making sure that binary options trading is done under certain regulations. They provide licenses for brokers if they have met their requirements, therefore, the brokers are regulated. Two of the most familiar bodies that regulate brokers are Cyprus Securities and Exchange Commission (CySec) and Commodity Futures Trading Commission (CFTC) in the USA.
However, most of the countries in the EU have their own regulatory bodies. This is perfectly understandable and acceptable in binary options trading as long as brokers meet their regulatory requirements.
However, if a broker is unregulated, it does not have to be a scam. Unregulated brokers are simply less obligated toward binary options traders. Brokers can choose whether they want to obtain a regulation license.
Nevertheless, traders can decide to trade with various binary brokers who are reviewed by sites such as BinaryOptionRobot.com and could have good trading experience.
Transparent Trading is a Key to Success for Every Binary Broker
Advantages that come from trading with regulated brokers could be plentiful. From our perspective, terms and conditions are clear and to the point, procedures with depositing and withdrawing money imply simple, fast and efficient trading process. More so, different regulatory bodies can regulate one broker at the same time.
Once a broker gets a license, it is considered a legitimate company with credibility and integrity. This is beneficial for both sides; the brokers and the traders both know what to expect, and allegedly there is no gray area that can lead to trading irregularities.
Withdraw Your Profits from a Broker
Withdrawal procedures and deposit amounts differ from broker to broker. As noted earlier in this text, our site enables traders to get acquainted with all the requirements and limitations a broker might have. We verify if binary brokers provide information in their FAQs, in addition to that, we check if they have specific information about the deposits, withdrawals, and other trading conditions.
From our point of view, all binary brokers should make their priority protecting their traders from any potential inconvenience.
Binary Brokers Trading Accounts
Brokers usually provide diverse trading accounts. They are created so inexperienced and advanced traders can choose an account that meets their individual trading needs.
Account types differ by the deposit amount, bonus promotions, event analysis, daily market research and more. This means those beginner traders who have just joined a broker’s platform can make a relatively small deposit. Traders that plan to invest higher amounts are welcome to register with accounts that can satisfy their needs and try to provide more suitable options such as bonus protected trades personal account manager, private sessions with financial analyst, smart management plans etc.
Do Brokers Have Customer Support?
Besides trying to ensure great trading services, brokers should also make sure that their traders have all the professional support and guidance they might require.
We like to encourage traders to get informed before registering with a broker. Trading binary options could be safe when you choose to trade with the right broker. BinaryOptionRobot.com write reviews with an intention to provide objective information about brokers, so traders can find out all about pros and cons of each broker on our site.
Blacklisted and Scam Brokers
Every trader has one important goal, besides making profit. That is to trade with safe and reliable broker that will allow easy withdrawal and top notch service. Not all brokers can be considered safe and reliable, and there are many binary scams targeting traders looking for their chance to trade binary options.
What are Binary Options Scams?
Binary scams are binary brokers, robots and other services that are displaying unethical and unprofessional business behavior aimed towards traders. This usually means that scam broekrs do one, or more of the following:
- They add unauthorized bonuses
- They manage accounts without prior approval
- They force the trader to deposit more and more
- They deny withdrawals, or don’t even process withdrawal requests
- They use spam and cold calling as their marketing practices
- They downplay the risk of binary trading
All these methods are used by binary scams to first manipulate traders into depositing, and then to manipulate their money. Once the trader makes a deposit with such scam broker, the broker may disappear, deliver unsatisfactory level of service, or simply prevent trader from withdrawing, not only funds, but also the initial deposit.
Of course, not all traders lose money due to binary scams. Some traders are convinced that binary options are something that is so easy, they don’t even need to understand them in order to trade. However, that is not true, so make sure to read as much as possible about different binary trading strategies to trade without complications.
How to avoid Scam Binary Options Brokers?
The best way to avoid bad binary brokers is to make sure to trade with a reliable broker! Of course, this is easier said than done. However, the search for a good broker can be much easier if you read plentiful of binary broker reviews like those available on our website.
There is no broker that will be suitable for all traders, so it is impossible to recommend just a single broker, but objective and balanced reviews can help you make a shortlist and then decide for one or more brokers after doing your own research.
Also, make sure to read terms and conditions to understand what are your obligations towards your binary broker, and how the broker has to behave in certain situations. Look for a broker with good and detailed terms and conditions, as this document can help you get a better insight into trading with a certain broker.
Keep in mind that regulated brokers are usually more considerate towards their users as they have to follow a whole set of regulations and rules, as well as keep all traders’ money on a separate account. This means they can’t use your money to operate their business.
Closed Brokers and Scam Brokers
Here you will find our blacklist that includes not only scam brokers, but also brokers that no longer offer binary options trading, as well as brokers that shut down for various reasons. This way, you won’t spend time on researching brokers that don’t deliver.
Blacklisted brokers are: Stern Options, ZoomTrader, TropicalTrade, OXmarkets, OptionFair, Bloombex Options, TradeThunder, 10markets, OlympTrade, OptionStars, WMoption, BullBinary, GrandOption, OptionRally, DragonOptions, V8options, TraderVC, BinaryOnline, HBC Broker, ZoneOptions, uTrader, OptionBit, ExpertOption, Stellar Finance, PrestigeOption, VantageFX, TopOption, StockPair, IG, Core Liquidity Markets, Binary Capital Markets, PlusOption, AnyOption, Daweda Exchange, Opteck, 365Trading, BetOnFinance, Skyline Markets, RBoptions, BinaryBrokerZ, uBinary, OptionFM, 24option, Banc De Binary, Magnum Options