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Forex Robots – Crypto Robots – Binary Options Robots
Forex, Cryptocurrency and Binary Options Robots
“Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.“
“Binary Options are availiable only for Non-EU Traders”
The best Binary options, Forex or Cryptocurrency robots give you a trading level similar to the best brokers regardless of your trading experience or financial knowledge as soon as you set them to invest and place orders on your behalf. The software takes care of all the technical analyses including price patterns recognition, price charts evaluations, indicators, and various signals interpretation. It bids 100% of times under your preset conditions. The computer programs are self-updating, they are always current with the latest market data, and thanks to its algorithms, they will find the most suitable market conditions for you to invest and trade like a professional broker in just seconds.
Nowadays, there is an application for everything, and the complex analytical tasks are performed by software, which never gets tired, misread any data, or forgets to consider the indicators correlations. Therefore, each time the binary options robots signal an investment opportunity, the computer programs have done all the technical analyses, and you can be confident the market momentum reading is correct, and the processed data was perfectly evaluated.
Crypto Auto Trade is one of the leading crypto robots on the market. lt using broker account to trade automaticly
- Minimum Deposit 250
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FxMasterBot is a forex automated trading system (robot) with practice account, you can first try how it works before deposit any money. It is a good solution for forex beginners. FxMasterBot is one of the leading automated Forex trading software
- Minimum Deposit $250
- Minimum Investment $25
- Leverage Various
Forex Robot is an automatic trading software for trading Forex, Cryptocurrencies and CFD contracts. Read more about Forex Robot
- Minimum Deposit $250
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OptionRobot.com is probably the most famous robot for binary options, many of indicators and martingale strategy gives you best results. This robot also is avaliable for USA users.
- Minimal Deposit $250
- Minimal Investment $20
- Max Payout %90
Binary Option Auto Trading its fully automated system that allow you to trade when you are for example in work, the good thing with this robot is that you can setup automated stop loss.
- Minimal Deposit $200
- Minimal Investment $5
- Max Payout %86
BINARY OPTIONS ROBOTS
Binary options robots are computer programs or software with artificial intelligence that has been programmed to do a fully automatic trading on the best possible market opportunities for you. The best Binary options robots are the adaptation of the stock exchanges to the digital era and the increased speed of our global economy. They are software or computer programs, which can be fully customized to include all your trading strategy indicators and technical tools to analyze the market conditions and bid only when all your preset conditions are met. The automated trading software process an enormous amount of information in seconds. The reliability of the best for BI OP is unmatched by any professional trader recognize trading patterns for any position expiration time accurately.
Time is money, and with the help of the best binary options robots, you can preset the best market condition in which you are interested in bidding, and the autonomous software can bid automatically, each time the price and market conditions meet the preset parameters. It gives you the certainty that you will not miss any investment opportunity for lack of time or being absent from your trading station or internet broker platform. The computer programs are always watching the market and evaluating the assets, which you are interested in investing and the software will bid for you.
We have selected the best Binary options robots in this portal to help you to choose the Best automatic trading Software. You can try any of them free and corroborate all the benefits they give you and the incredible data processing power they have. The software take scare of the entire trading, you only need to set simple parameters, and the computer programs take care of the hassle with the expertise level similar to the best professional stockbroker. The best binary options robots used to be the secret behind big traders conglomerates and the most famous brokers. Now they are available for your perusal. You could increase your investment revenue and win rate exponentially by using the best Binary options robots.
Binary Options Day Trading 2020
Binary options trading hinges on a simple question – will the underlying asset be above or below a certain price at a specified time? If so, you can make substantial profits with one of the most straightforward financial instruments to trade. But what exactly are binary options, and what are their benefits and drawbacks? This page will answer those questions, as well as detailing how to start day trading binary options, including strategies, tips, and regional differences to be aware of. Use the broker top list to compare the best binary brokers for day trading 2020.
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What Are Binary Options?
Firstly, let’s have a look at how it all works. Put simply, binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. You know precisely how much you could win, or lose before you make the trade. No complex maths and calculator is required. This is why they are also known as ‘all or nothing’ trades.
If you anticipate news announcements, quarterly reviews, or global trends, then you may be able to make an accurate determination as to whether the price is going to increase or decline at a certain point in the future, turning a profit.
There is a whole host of derivatives to choose between. You can trade binary options on commodity value, such as aluminium and crude oil. You can opt for a stock price, such as Amazon and Facebook. There are foreign exchange rate options, including all the major and minor pairs. Even cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are on the menu.
A Brief History
If you want to start trading binary options full-time, a detailed understanding of their origins will help. Binary or ‘digital’ options have been around for decades. Originally though, it was only large institutions and the fabulously wealthy that had access. However, 2008 saw the US Securities and Exchange Commission open the floodgates by allowing binary options to be traded through an exchange.
The internet and technology have since given the whole world access to these ‘digital’ options. As it stands, with low barriers to entry for savvy day traders and a simple to understand preposition, the demand for these digital trades will only increase.
There are a number of different option types to choose from. The most popular types are listed in the brief glossary below.
- Up/Down (High/Low) – The most simple and prevalent binary option. Will the price be higher or lower than the current price when the expiry time comes?
- In/Out (Range or Boundary) – A ‘high’ and ‘low’ figure will be set. You are then making a determination as to whether the price will finish within or outside of these boundaries.
- Touch/No Touch – Levels will be set that are either higher or lower than the current price. You then enter a position as to whether the price will ‘touch’ these levels between the time of trade and expiry. Payout will come as soon as the touch takes place.
- Ladder – These are similar to up/down trades. However, instead of using the current price, the ladder will have pre-determined levels that are staggered up or down. These normally demand a substantial price move. The flip side of this is returns will frequently exceed 100%. Although it is worth noting, both sides of a trade are not always available.
Another important component of binary options is expiry times. This is when the trade will end and the point that determines whether you have won or lost. These times can range from 30 seconds and 1 minute (turbos) to a full day (end of day), and even up to a whole year.
As an intraday trader though, you will be more concerned with trading 5 and 30-minute binary options. Opt for binaries with 1 minute expiry times though and you have the ability to make a high number of trades in a single day.
Is Trading Binary Options Legal?
Despite the somewhat negative reputation, the reality is binary options are legal. The majority of companies operate fairly. Opinions have been split because there are some out there that operate scams.
Regulation in certain regions has meant binaries have been withdrawn from the retail market. In the EU for example. But professional traders can still use them. In regions such as India and Australia, binary are legal – but traders should make sure they use a reputable broker, and read our section below on avoiding scams.
Scams & Frauds
The binary reputation has suffered from dishonest marketing and cybercrime. Too many unregulated brokers promise quick cash, whilst operating frauds. Regulators are on the case and this concern should soon be alleviated.
Binaries themselves are perfectly legitimate, but steer clear of ‘instant money’ promises, brokers that cold call, and celebrity endorsements, plus any claims that you can ‘start trading binary options for free’.
So it isn’t a question good or bad, it’s simply a question of being alert to the dangers and knowing what to look out for. If you’re unsure about a broker, ask the question in a live trading room to check they’re properly regulated.
Binary Options Vs CFD Trading
Although in some ways similar, there remain some crucial differences between binary options and CFDs. With CFDs, you have potentially unlimited risk. If the price of the asset moves significantly, the value of the trade can grow very large, very quickly – for better or worse.
Whereas binary options work slightly differently. Whilst you are still investing without owning the asset in question, the gain and loss rate is fixed. With a call option, it doesn’t matter if the price rockets, you retain the same percentage as if it rose by just a couple of pips.
Likewise, if the price sinks to zero, you’ll only lose what you put in. So, to define the difference – with binary options you get fixed risk.
Having said that, just as if it was binary options versus forex trading, you are restrained in your profit potential.
Why Trade Binary Options?
If you want to profit trading binary options, you need to first understand both their pros and cons. You need to make sure binary options will suit your trading style, risk tolerance, and capital requirements.
There is a whole host of attractive benefits to trading with binary options. The greatest advantages have been outlined below.
- Simplicity – Because you are making a determination on only one factor, direction, your bet is straightforward. The price can only go up or down. You also don’t need to concern yourself with when the trade will end, the expiry time takes care of that. Whereas in other markets, you may need a system to limit your losses, such as a stop-loss.
- Fixed risk – Trade stocks, gold, and crude oil and you’ve got a vast number of factors to contend with, from slippage and margin to news events and price re-quotes. With binaries, your risk is kept to a minimum with far fewer parameters.
- Trade control – Because you know what you may make or lose before you enter the trade, you have greater control from the start. Trade in stocks, for example, and you have no guarantee that your trade will make the entry price.
- Profit potential – Compared to other trading, the returns in binaries are extremely attractive. Some brokerages promise payouts of up to 90% on a single trade. If you’re looking to make simple trades with large profit potential, binaries could well be worth a look in.
- Choice – Rather than being constrained to a specific market, e.g. cryptocurrency or stocks, binary options gift traders the opportunity to trade instruments across virtually all markets, allowing you start currency, indices, and bonds trading if you so wish.
- Accessibility –In the binary options game, it’s always the best trading hours somewhere on the globe. So, you can login at night, or on the weekends and join the groups of avid traders attempting to turn daily profits. Real-time charts are available for every market so if you’ve got the time you can invest 24 hours a day.
Whilst there are plenty of reasons to delve into trading on binary options, there remain several downsides worth highlighting:
- Reduced trading odds – Whilst you can benefit from trades that offer in excess of 80% payouts, these are often when the expiry date is some time away from the trade date. If the odds of your binary trade succeeding are extremely high you may have to make do with reduced payout odds.
- Limited trading tools – Whilst most brokerages offer advanced charting and analysis capabilities, trading tools for binary traders often fall short of the mark. Fortunately, there are other online sources for these graphs and tools, plus brokers are working swiftly to increase their offerings.
- Price of losing – Your odds are tilted in favour of losing trades. Approximately for every 70% profit, the corresponding loss of the same trade would result in an 85% loss. This means you need a win percentage of at least 55% to break-even.
- Risk management – Unlike other markets, brokers often set a trading floor, with minimum accounts a trader needs to enter the market. This means losing capital can happen with ease. Whilst a stocks broker may permit you to open an account with $250, trading micro-lots, most binary brokers won’t allow $50 trades. So, even with $250 in your account, just five trades that don’t go your way could see you sink into the red.
Binary Trading via Mobile App
How Does Trading Binary Options Work?
Trading binary options for beginners is straightforward. Simply follow the steps outlined below.
Step 1 – Find a broker
This is one of the most important decisions you will make. You need a broker that meets all your requirements and who will enhance your trade performance. But with so many options out there, how do you know what to look for?
If you’re high-frequency binary trading each day, the commission fees and costs will quickly rack up. You want to maximise your profits so look for brokers with a competitive and transparent fee structure, and remember, different asset classes pay out different amounts.
One point worth investigating is rules around minimum deposits. Whilst some brokers will offer binary options trading with no minimum deposit, many will expect a deposit of close to $50, and some $100. A broker offering low minimum deposits is ideal if you’re strapped for cash. Trading binary with JC and GCI are good choices if you’re looking for low deposits.
Some brokers will specialise in certain assets. If you’re set on crude oil, it may be worth finding a broker that’s geared towards those binaries. You may benefit from relevant news feeds and the most prudent option choices available. Trading binary stocks with 212, for example, is ideal for those interested in stocks.
With scams out there it’s important you check your broker is properly regulated by the relevant financial body, e.g. FCA, CySec, CFTC. Trading with 247 Binary Options, IQ option, and Binary.com are all safe bets.
Binary options platforms are your gateway to the market and where you’ll spend many hours a day. There are now many online trading platforms, so, make sure it’s easy to use and offers all the charts, patterns and tools you need to make smart and accurate trade decisions. For example, will you be trading binary options with candlesticks or more obscure charts?
Both Keystone and Nadex offer strong binary options trading platforms, as does MT4. Before you buy, conduct a thorough trading platform comparison and check reviews.
Any problem could cost you time, and as an intraday trader, time can cost you serious cash. So, check the broker offers reliable support. Some brokers will offer 24/7 customer support through calls, live chat, and in a number of languages. Binary options trading with Etrade and 24 Option are smart moves if you want top quality support.
A growing number of people use mobile devices and tablets to enhance their trading experience. However, software for trading binary options varies hugely. So, it’s worth checking whether your broker offers cross-platform capabilities. Also, check the charting tools you need will work on your iOS or Android device. Binary options trading with IQ Option, for example, offers fantastic trading apps.
Many brokers will sweeten the deal with some useful add-ons. Some may offer free trading plans, courses, and lessons. So, find out first if they offer free courses online to enhance your trading performance. Some brokers will also offer free binary trading trials so you can try before you buy.
You could also benefit from trading bonuses, tips, the best strategy and trading signals reviews, plus free, practice demo accounts. Not to mention some brokers allow for binary options trading using Paypal. However, don’t be put off by no binary options trading deposit bonus, these can be a sign of potential scams.
For newbies, getting to grips with a demo account first is a sensible idea. Funded with simulated money, you can try numerous assets and options. It’s the perfect place to make mistakes and learn before you put real capital on the line. In addition, you’ll find most free binary options demo accounts require no deposit, so you can start practicing whilst you save that initial capital.
There is no universal best broker, it truly depends on your individual needs. Some brokers offer minimum trades of just a couple of pounds, whilst others require hundreds or even thousands. The solution – do your homework first.
For more guidance on making the right choice, see our brokers page.
Step 2 – Choose An Instrument/Market
You can trade binaries in pretty much everything, including stocks, forex, indices, and commodities. You can bet on anything from the price of natural gas, to the stock price of Google. Opt for an asset you have a good understanding of, that offers promising returns.
Step 3 – Decide On An Expiry Time
As a short-term trader, you’ll probably be more interested in 30 seconds, 1 minute and end of day expiry times. You need to balance binary options trading volume with price movement. Whilst the more trades you make means greater profit potential, it’s better to make fewer and more accurate trades. Also, find a time that compliments your trading style.
Step 4 – Decide On Size
In the binary options game, size does matter. The greater your investment the greater the possible profit. On the flip side, remember the entirety of your investment is on the line. You need an effective money management system that will enable you to make sufficient trades whilst still protecting you from blowing all your capital.
Step 5 – Choose An Option
You will have any number of the options outlined above to choose from. Think carefully about how confident you are in your determination. Consider factors that will jeopardise your investment, and select an option that gives you the best chance of succeeding. Don’t automatically select a ladder trade because you want huge returns, consider which options are the relatively safe bets.
Once you’ve made that decision, check and confirm your trade. Then you can sit back and wait for the trade payout.
Below is a video explaining how to trade binary options on the platform of a leading provider:
Binary trading strategies will differ from trade to trade. What may work for a ladder option in forex, may prove useless in a range option on gold. Having said that, there are two reasons you must have a strategy.
Firstly, a strategy prevents emotions interfering in trade decisions. Fear, greed, and ambition can all lead to errors. A strategy allows you to focus on the maths and data.
Secondly, a strategy allows you to repeat profitable trade decisions. Once you’ve found out how and why that binary option worked, you can replicate it to create consistent profits.
Building A Strategy
There are two crucial elements to your binary options trading method, creating a signal, and deciding how much to trade. The second is essentially money management. How do you go about determining these two steps then?
Step 1 – Creating A Signal
The signal will tell you in which direction the price is going to go, allowing you to make a prediction ahead of time. The two main ways to create signals are to use technical analysis, and the news.
Charts, Patterns & Indicators
If you can identify patterns in your charts, you may be able to predict future price movements. They rest on the idea that ‘history repeats itself’. You can start trading binary options using Heiken-ashi, other candlesticks, and line charts. Armed with charts and patterns, successful traders will build a strategy around their findings.
You can then build indicators into your strategy, telling you when to make a binary option, and which binary option you should go for. These technical tools can prove invaluable, so make sure your broker offers the features available to conduct thorough market analysis.
One of the great things about trading binary is you can use any number of your normal indicators, patterns, and tools to help predict future binary options movements. So, you can start trading with/using:
- Support and resistance levels
- Price action
- Stochastic oscillators
- MACD indicators
- Options close to expiry
For more detailed guidance, see our charts and patterns pages.
You can trade binary options without technical indicators and rely on the news. The benefit of the news is that it’s relatively straightforward to understand and use. You’ll need to look for company announcements, such as the release of financial reports. Alternatively, look for more global news that could impact an entire market, such as a move away from fossil fuels. Small announcements can send prices rocketing or plummeting.
If you can stay in the know you can trade your binary options before the rest of the market catches on. To do that you’ll need to be tuned into a range of news sources. You can browse online and have the TV or radio on in the background. Some of the most useful news sources in terms of trading information are:
- Yahoo Finance
- Business Insider
- Financial Times
Step 2 – How Much You Should Trade
If you’re just starting off it’s often best to keep things simple. Trading the same amount on each trade until you find your feet is sensible. Below are 3 binary options trading strategies for both beginners and experienced traders.
Binary options using the martingale trading strategy aim to recover losses as quickly as possible. To do this you’d trade larger amounts of money in the trades following a loss. So, you’d set an amount that you trade each time, say $250. However, if you lose on that $250, you’d bet $500 on the next trade. If the trade wins, you’ll already be back in the black, rather than being stuck around the break-even mark.
The problem with this strategy is that if you go on a losing streak you can lose a serious amount of capital in a short space of time. So, only use this strategy if you’ve got a relatively accurate means of making trade decisions. If you’re still in the trial and error stage, consider a different approach.
A percentage based system is popular amongst both binary options traders and other traders. The idea is you specify a percentage you’re willing to risk. Between 1-2% is common. So, if you’ve got $10,000 in your account, and your risk value was 2%, you could trade $200 on a single trade.
If you have a greater risk tolerance and consistent results you may want to increase that risk margin to 5%. The benefit of this system is that you should never lose more than you can afford. This makes it an ideal approach to take if you’re new to trading on binary options.
This example is best employed during periods of high volatility and just before the break of important news announcements. This technique can be utilised by traders of all experience levels. It gives you the capability to avoid the call and put option selection, and instead allows putting both on a specified instrument.
You aim to utilise put when the value of the instrument has risen, yet you think that it’s going to decrease soon. Once the descent has begun, place a call option on it, anticipating it to bounce back swiftly. You can also do it in the reverse direction. Simply place a call on the assets prices low and put on the rising asset value.
This significantly increases the chance of at least one of the trade options producing a profitable result. If you’re in a volatile market, this simple system could you see turn handsome profits. This works well as a binary options trading 60 seconds strategy, and will also cover expiry times of up to one day.
Bots & Algorithmic Trading
Once you have honed a strategy that turns you consistent profits, you may want to consider using an automated system to apply it. These robots usually rely on signals and algorithms that can be pre-programmed.
The bots then do all the leg work, trading options on your behalf. The plus side is they can make far more trades than you can do manually, increasing your potential profit margin. They can also trade across different assets and markets.
It’s worth investigating your brokers offering when it comes to auto trading and checking for robot reviews. Many allow you to build a program with relative ease. You can use your own entry points that rely on Bollinger bands, RSI/MFI patterns, and moving averages.
However, even when you’ve got your system up and running, you can’t go into trading binary options on autopilot, you need to stay tuned in. If any mistakes take place, you need to be there to remedy the problem. Technical crashes and unpredictable market changes can all cause issues, so stay vigilant.
Many binary option strategies pdfs fail to sufficiently consider time variables. Certain strategies will perform better with specific time options. You may want to look specifically for a 5-minute binary options strategy. Alternatively, trading 15-minute binary options may better suit your needs. So, whichever strategy above you opt for, ensure you take time into account.
Summing Up Strategy
Trading binary options with success rests on finding a strategy that compliments your trading style. So, consider the instrument you’re going to be trading. Then, employ an effective money management system and use charts and patterns to create telling indicators. Also, utilise news announcements to your advantage.
If you’re trying a new fence, gap, hedging, or any other binary strategy for the first time, why not try it on a trading practice account first? This will allow you to address any issues before you invest your own money.
For more detailed guidance, see our strategies page.
Binary options trading 101; immerse yourself in educational resources. As Benjamin Franklin asserted, ‘an investment in knowledge pays the best interest’. The top traders never stop learning. The markets change and you need to change along with them.
To do that, utilise some of the resources detailed below.
- Books & eBooks – There is a whole host of books and ebooks out there that can impart invaluable information on day trading binary options. You can benefit from the binary options trading knowledge of experts with decades of experience. The good thing about a book it is allows you to learn at a pace that suits you. One book that has made binary options trading easy is ‘Trading Binary For Dummies’, by Joe Duarte.
- Video tutorials & seminars – Engaging and easy to follow. There are numerous online video tutorials out there that can walk you through making a trade. With seminars, you’ll also be able to have questions answered and the binary options trading basics explained, plus some brokers offer weekly seminars to keep you up to date with market developments.
- PDFs & instruction guides – These will give you a clear breakdown of steps that you can follow and apply. The best part is you can find plenty online that are totally free and easy to download, whether you’re using Android, Windows, or iOS. The trading binary options ‘Abe Cofnas’ pdf is particularly popular.
- Forums & chat rooms – This is the perfect place to brainstorm ideas with binary options gurus. You can benefit from recommendations and learn in real-time whilst investing in your binary options. You can also swap live chart screen grabs to get a feel for other binary methods and tactics.
- Newsletters & blogs – These are brilliant for keeping up to date with upcoming developments that may affect your markets. Plus, you could hear about binary options competitions (yes, they really do exist).
- Copy trading – This is when social trading networks/platforms are combined with binary trading tools. You can follow experienced traders, analyse their strategies, and then replicate their trades. Check out copy trading reviews before you sign up.
All of the above will play a key part in your binary options trading training. Free trading videos and examples will help give you an edge over the rest of the market, so utilise them as much as possible.
There currently exists no binary options university. So, explanations as to why that option didn’t work can be hard to come by. Keeping a journal with all your binary option trading results in could solve that issue. A detailed record of each trade, date, and price will help you hone your strategy and increase future profits.
Whether you keep it an excel document or you use tailor-made software, it could well help you avoid future dangers. As an added bonus, it can make filling in tax returns at the end of the year considerably easier. A journal is one of the best-kept secrets in binary options, so now you know, use one.
Trading binary options successfully isn’t just about having the right strategy. If you can’t control your emotions you will make costly mistakes. As Robert Arnott stated, ‘what is comfortable is rarely profitable’. When the pressure kicks in, fear and greed can distract you from the numbers.
You need to accept that losses are part of trading and stick to your strategy anyway. If it’s based on accurate maths and careful technical analysis then you have to keep your faith. As soon as you start acting inconsistently your profits will suffer.
As the popularity of binary options grows across the world, regulatory bodies are rushing to instill order. That means where you trade and the markets you break into can all be governed by different rules and limitations.
If you’re day trading binary options in the UK, for example, you will require a license from the UK gambling commission. If you opt for a broker regulated by the Financial Conduct Authority (FCA), you’ll be guaranteed an extra level of protection. Beware some brokerages register with the FCA, but this is not the same as regulation.
Brexit has brought with it complications to trading regulations. The MiFID II guidelines were set to be implemented across Europe enforcing rules around binaries, however, the UK may not now implement the guidelines. This means the UK is no longer under pressure from Europe to reclassify binaries as financial instruments.
Binary options trading for US citizens is limited by a choice of just two brokers. Nadex and CBOE are the only two licensed options. Fortunately, they are both huge firms offering competitive prices and a range of different assets to trade binaries on.
Rest Of World
In Australia, the Australian Securities and Investments Commission (ASIC) runs the show. If you’re interested in brokers based in Cyprus and Israel, then check they are regulated by CySec. In Dubai and the rest of the UAE, binary options are regulated by the Dubai International Financial Centre (DIFC).
You can also start day trading binary options in Canada, India, Pakistan, South Africa, Malaysia, Kenya, New Zealand, Nigeria, Vietnam, Indonesia, and the Philippines. Each has their own regulatory bodies and different requirements.
So, if you want protection, ensure you do your research before you sign up for a binary broker on the other side of the world.
Another important regional distinction comes in the form of taxes. Some countries consider binary options as a form of gambling, such as the UK. This comes with notable benefits. The HMRC will not charge you any taxes on profits made through binary options. However, in the future binaries may fall under the umbrella of financial derivatives and incur tax obligations.
Having said that, if day trading binaries are your only form of income and you consider yourself a full-time trader, then you may be liable to pay income tax. Whilst you are probably still exempt, it is worth seeking clarification.
Outside the UK, tax regulation differs hugely. Binary options in Japan and Germany come with vastly different tax obligations, for example. So, before you start trading seek advice to ascertain whether you’ll be exempt from tax. If not, will you pay income tax, capital gains tax, business tax, and/or any other form of tax?
For more detailed information, see our taxes page.
Can Trading Binary Options Make You Rich?
Although exciting and dynamic, to make a living trading binary options you’ll need to use this page and other sources as guides. Can trading binary options make you rich then? Done correctly, yes it can. There is no question of binary options potential profitably, this is evidenced by numerous millionaires. To get there though, you’ll need the right broker, an effective strategy, and you’ll need to invest in your trading education, by utilising the resources outlined above.
Are binary options legal?
Yes, but regional regulation varies.
In India and Australia for example, binary options are legal.
In the US, binaries are available via Nadex, and perfectly legal.
In the EU, binaries have been withdrawn for retail investors, but it is still possible to trade binary options legally, by professional traders. Certain criteria need to be met in order to be classed as ‘professional’.
Can you trade at weekends?
Yes. There are two ways to trade at weekends. Firstly, forex markets are still open in some parts of the world during the “weekend” in other parts. Binaries can be traded on forex during these times.
There are also ‘synthetic’ markets with some brokers (such as binary.com) but traders should note there is no underlying market with these options. They are ‘virtual’ markets created solely to cater for traders looking to trade anything at all. They are not for sophisticated traders.
Are binary options banned in Europe?
Binary options have been withdrawn for retail traders by the European regulator, ESMA. Brokers not regulated in Europe may still offer binaries to EU clients.
It is also possible for EU traders to nominate themselves as professional traders. This waives their rights to regulatory protection, and means binaries are free to be used again.
Some synthetic markets can also be traded by EU traders, and while the product works exactly as a binary options, they are referred to slightly differently.
Do binary options work on MT4 or MT5?
There are no binary options brokers offering Metatrader integration. It is however, possible to perform technical analysis in MT4 and place trades on a separate trading platform.
Can you use binary options on cryptocurrency?
Yes. The leading binary options brokers will all offer binaries on Cryptocurrencies including Bitcoin, Ethereum and Litecoin. As a derivative, traders will not “own” any cryptocurrency, they will purely be speculating on the price. This does mean however, there is no need for a Crypto wallet or crypto account.
The best trading robot
Top 5 users for April 2020
Below you can see the results of the top 5 users on BinaryRobot365.com. When you login to the binary robot, you can choose your own settings and aim to achieve similar results as the users below.
Benefits of using our binary options robot
What you get.
Many of our users generate up to 90% win-rate with their strategies and systems using our binary option robot.
Our Binary robot software is incredibly simple. You just need to open an account, click on AutoTrade and the option robot will start working straight away!
You can configure your own options robot trading strategy and indicators to get the maximum win-rate for your trades.
Our Binary robot will automatically place trades in your account for you. This allows you to to trade around the clock without having to download or install any software.
Reduce your losses with our advanced stop-loss system alerts. You can set you losses by day to avoid drawdowns.
Our options robot works with a number of different brokers. Choose a new broker from the dropdown menu when you sign up.
Best Binary Robot – Get Started Now!
It’s as simple as 1, 2, 3.
Open and fund an account in seconds with one of our selected brokers.
Adjust your settings, trade amount and other settings.
Enjoy the profits made on your broker account with our auto-trading technology.
Which one is for you?
You can choose from the most popular indicators below to create your own strategy. Our system is compatible with the following 6 indicators:
You can create your own strategy using any of the 6 popular trading indicators below. We give you full control of your binary robot account, risk-reward ratio and strategy for placing automatic trades.
See our frequently asked questions below!
A Binary option is an option that has two types of outcome: win or lose. When a user wins a trade in binary options with our binary robot, they will received a predetermined and fixed payout, given to them by their broker.
For example, if the payout is 90% and the user bets $100 that the price of an asset to increase in a given time period, they will win $90 is the asset increases in price, or lose the initial $100 if the price goes in the oppostie direction.
A binary options robot is trading software or an algorithm developed using modern technical indicators specifically for the purpose of automating binary trading. For those who are familiar with Expert Advisers in Forex, a binary options robot is in a way, similar to EAs.
Binary robots are developed to assist novice traders trying to learn the ropes in binary options to make profits as they gain experience. However, this does not mean that experienced traders are forbidden to capitalize on the software—in fact—binary options robots are used widely by those who consider themselves to be experts in the market.
While EAs have been around for decades, binary options robots only began to crop up in the early 2020s. Since then, they have continued to attract many players in the binary options market as their popularity continues to soar. Most binary options robots are not regulated, but most partner brokers that they work with have various regulations.
Binary options robots have nothing mechanical about them. They are not some sort of machines like many would imagine when the first hear about them. However, they are designed to execute certain instructions on their own and that’s how they get the name robot.
There are two main types of binary robots. There are those are downloadable and those that are entirely web-based.
Downloadable binary Options robots
These binary options robots are designed in such a way that traders can easily download and save them on their desktops. They are the least popular when you compare them with their web-based counterparts but have more or less the same operating capabilities.
Most of these downloadable binary options use three distinct trading systems to provide traders with a variety of options depending on their risk appetites, experience and trading capital. These are the Classic system, the Martingale, and Fibonacci trading system. Ideally the robot usually has a list of partner brokers from which the traders can apply automated trading. Traders must choose their preferred broker from the list and then download the robot to their computers.
The funds deposited with their broker can then be accessed via the robot’s trading dashboard from which they can choose which assets, what amount, and the timeframes to apply automated trading. They can also adjust which indicators that the robot can use when picking and executing trades on their behalf.
Some of the indicators to choose from include the MACD, the Parabolic SAR, and Relative Strength Index, among others. Traders can always adjust their preferred indicators to use on different assets and can always deactivate automated trading by unchecking the option on the robots trading dashboard.
Web-based binary options robots
With the web-based versions of binary option robots, traders basically do not need to download any software. Everything is done on the web, which is much easier given the fact that binary options brokerage platforms are web-based. As such, most of these robots are offered by binary options brokers and are varied in nature.
There are those that when it comes to trading, have similar capabilities to the downloadable type of binary options robots, which means that the process is pretty much similar bar the download part. The other common type in the web-based version of binary options robots is more about social/copy trading thereby enabling traders to copy trades of their colleagues for various time frames. This type requires traders to select which experts to follow carefully because their gains are dependent on the success of the trades they follow/copy.
Binary options robots have proven time and again that they can provide a better avenue for novice traders looking to make money in the market. However, just as most providers will tend to point out in the disclaimer; past results cannot be used as a basis to guarantee future returns.
Nonetheless, there are specific performance thresholds that traders use against any provider’s past performance results before signing up for a premium service.
For instance, in order to make money in binary options using a binary options robot, the robot must attain at least 60% average win-rate. This is because most option types listed on various brokerage platforms offer traders a payout of about 85%.
This means that if your trade expires in the money, you do not double your investment in that particular asset, but rather, you are credited with 85%. If the return was 100%, then a win-rate of just 55% would be enough to make you money in binary options.
As such, it is always recommended that even if you choose to use a binary options robot, you try to us a binary options broker that offers the best payout. The higher the average payout per trade, the lower the win-rate will be required for you to make money.
Additionally, in order to make money with a binary options robot, it is important that you make sure that the provider you choose can be trusted. Most binary robots providers promise high win-rates to their traders, only for the traders to end being duped.
In order to avoid falling in such traps, it’s paramount that you do due diligence analysis on the provider. Check whether there are any scam reports about the provider, otherwise your attempt to make money using a binary option robot could turn out to be the worst trading decision you ever made.
Most binary options robots rely on technical indicators to pick out traders, but there are others that incorporate custom algorithms which help them to filter certain market moving events that can result in catastrophic losses. Therefore, when choosing your binary options robot service provider, be on the watch out to check whether the robot is designed to filter such events.
Since robots are technically developed, their ability to accurately predict price or exchange rate movements depends on empirical events. As such, market events that cannot be accurately quantified and factored into the trading robot cannot be included. This is why a binary options robot that’s likely to make you money in the binary options market will always list the ability to halt trading during such market events as one of its main features.
As for robots that do not have this functionality, traders can always halt trading manually by deactivating the autotrading feature on the binary options robot’s trading dashboard. After the event and its predicted impact have passed, the trader can then resume automated trading and watch the system make money depending on the average win-rate.
Again, it’s important to note that some robots help traders to make money on a regular basis while others can go on a draught. So patience may be required at times.
Using BinaryRobot365.com is very easy. All you need to do is open an account and switch the ‘AutoTrading’ button to ‘ON’. This will then trade on your account remotely.
You can also customize the settings of the indicators and strategies used by the indicators to give you full control of your account.
There is no specific regulation set for binary options robots, but depending on the provider of the given service, there are those that are actually regulated.
For instance, most binary options brokers are run by holding companies that have obtained financial derivatives trading licenses from various regulatory bodies. The most common regulators of binary options trading companies are the Cyprus Securities and Exchange Commission “CySEC”, and UK’s Financial Conduct Authority “FCA”.
In Australia, binary options brokers are regulated by ASIC whereas FSB is the body that oversees the market in South Africa. FSA does the same job in Japan whereas NFA and CFTC regulate exchange-traded binary options in the US.
So the list is long, but if you check closely, there is no specific mention of binary options robots. However, some of the robots such are run by financial trading companies that are regulated by one or more of the various regulatory bodies. This ties them to a fully licensed and regulated company unlike in most cases where the providers of the binary options robot barely have a place to call office.
So when a binary options robot is offered as one of the products of a fully licensed company, it is right to say that the robot has legal status. Nonetheless, it’s important to make sure that it’s clearly stated in the copyright section that the particular binary options robot is a product of the licensed company in question.
Most binary options robots provided by binary options brokers land under this category. However, they are not robots in a nutshell. They are more of social trading platforms rather than robots, but since the trading is automated, they are often put in the same category.
Therefore, when it comes to social trading platforms that are akin to binary options robots, regulation matters less because in any case, trader follow the trades of fellow traders thereby removing any liability from the broker or the binary options robot service provider.
For instance, if you choose to automate your trades by following the trades of another trader whom you believe will deliver substantial wins and things do not turn out as expected, you cannot fault the robot service provider. Also, you cannot claim the robot to be a scam after losing money because, you are the one who selected which and whose trades to copy.
Therefore the question about whether or not binary options robots are legal can be interpreted in several ways. Traders would have to consider the parties involved in providing the service, as well as, whether or not they have a direct relationship with the service itself. You can have a provider who has nothing to do with the trading activity itself.
Binary options robots have no legal status under any regulatory body, but in most cases, the people behind them do. If that does offer any solace for those that really prefer using products that have legal status, then it will have to suffice for now. However, a few years ago binary options trading was not regulated, but now several brokers have EU regulation. Who knows what could happen in the next few years for binary options robots?
Yes. The binary option robot is 100% mobile responsive and can be traded on your mobile.
Unfortunately not. Due to security, you will need to open a trading account using the binary option robot to ensure a reliable, safe trading experience. This way, our robot can connect with your broker API and ‘talk’ to your broker in order to execute trades.
The settings of the robot allow you to customize your trading strategy and financial results.
You can customize the following:
- Trade Amount
- Expiry Time
- Assets Traded
- No. of Simultaneous Trades
- Money Management Strategy (including Martingale, Classic and Fibonacci Trading System).
- Trading Indicators (including MACD, Stochastics, RSI, CCI, Williams and Trend indicators). You can learn more about how these indicators work on the internet.
You can withdraw your profits at any time. Simply go to your cashier, select withdraw, and choose your nominated withdrawal account. Withdrawals should be processed within 2-3 days.
From one point of view, the difference between signals and autotrading is a thin line but from another, you could write down a long list of what separates the two.
So first up, lets draw the thin line between binary options signals and autotrading.
The only thing that separates the two is that in binary options signals, traders execute the trades by acting on the trades picked by the system. On the other hand, when it comes to autotrading, the robot, or the system in this case, executes the trades on the trader’s behalf.
Now the long list;
With trading signals, traders must be logged in the brokerage platform to execute the trade picks generated by the signal service provider, whereas with autotrading, once they have activated the autotrading option the binary options robot does the rest regardless of whether or not the trader is online.
With signals, traders can choose whether or not to act on the trade picks received, whereas with autotrading, unless they deactivate the autotrading option the robot will continue to trade the signals picks generated.
Traders can easily miss out on a trading opportunity when relying on binary options signals if they are not close to one of the provider’s selected forms of delivery. Some binary options robots service providers deliver their signals through multiple platforms including SMS, web, and Email, but others only deliver via web, or email. This means that you can easily miss out on a signal if you are not in a position to receive the alert. On the contrary, in autotrading the trader’s input is not required. Once a trader has applied the various filters on the binary options robot as per his/her preferred trading style, the robot takes care of the rest. So no binary options trading opportunities are missed.
With binary options signals, the level of win-rate can be affected by time lapse between when a trader receives a signal and when he/she actually acts on it. While the providers always indicate a certain trading window within which the trader must act, it always better to act instantaneously. It’s not possible to do that manually. However, with autotrading, the binary options robot applies the trade instantaneously thereby eliminating any potential time lapses.
With binary options signals, it is more difficult to apply certain trading strategies that make use of popular binary options trading systems such as the Martingale and the Fibonacci systems. However, with autotrading, using such a strategy is pretty easy especially if the binary option robot is equipped with the three main trading systems.
With binary options signals, the trader’s average win-rate can greatly be affected depending ln the signals he chooses to act on. It’s possible that one trader could end up being more than another despite using the same service over the same period due to the differences in signals executed. On the other hand, if you follow/copy a certain trader’s trades, then you can be sure to expect the same results at the end of the given trading session.
The signals are generated by the technical indicators that you choose in your trading rules. For beginners, we recommend using the Trend following strategy.
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