Algobit is closed.
Algobit software is created by regulated broker OptionBit. This binary robot provides binary signals and delivers them to binary options traders. According to the Algobit website, this robot is completely automated and it makes trading easier, especially for traders with no trading experience. Binary robots are able to analyze the financial market and using various indicators, they generate binary signals. Our Algobit review has researched what are available tools that come with this interesting software and what can you expect when automated trading is activated.
Algobit starts with $250 minimum deposit and according to Algobit robot, traders are not required to have any previous trading experience. Read more about this software in our Algobit review below.
Algobit Trading Experiences
Our Algobit review has shown that this binary robot is present on the binary market since early 2012. OptionBit broker has proved their software is well known and used by many traders around the world. According to this robot, their clients are very satisfied with the software and their binary signals are considered as reliable and successful. We can’t claim this is 100% true, but, we haven’t found any negative experiences that claim this binary software is a scam.
Besides being the brand of one of the most successful binary brokers on the market, Algobit has several awards for best innovative technology and financial innovation awards that show the quality of this binary product.
How to Use Algobit Auto Trading System?
Since this binary software is specifically designed for beginners, Algobit traders won’t spend much time on using Algobit. Our Algobit review shown that this binary software is free to use.
In order to start auto trading with this software, traders first have to register for free. The registration process takes no longer than a few moments. After they have created their trading account, traders will have to register with OptionBit broker where they can make their first deposit. After the deposit was processed, traders will see their funds available on Algobit interface. When the funds are visible, traders can start auto trading.
Our Algobit review has found out traders have to invest minimum deposit of $250 to activate Algobit software. It is important to know that traders don’t need to provide any additional fees with Algobit. The payments are processed directly through broker account and Algobit is only a third party software that delivers trading signals to its clients and provides auto trading services.
It is important to point out that Algobit is an independent software and if traders have registered with OptionBit, they will additionally have to register with Algobit in order to auto trade with this software.
Algobit review found out this robot is available only for OptionBit traders. Algobit interface is not connected to the OptionBit trading platform, so traders are allowed to use it separately and independently from broker platform.
According to the Algobit, if activated, the software will automatically execute trades according to the settings made by traders. The Algobit interface is a web based application and traders don’t need to download any programs to their devices. This is always considered as the benefit, because we all like easy trading platforms that we can access anytime and anywhere, without additional plugins or installations.