Option Robot is fresh binary software available on the binary market. Our review has shown good and bad aspects of this products. Option Robot is one of the rare binary software products that also welcomes US traders, which means this brand is not regulated.
Traders will love the fact that Option Robot enabled placing trades at any time, even when the markets are closed for trading. Trading with Option Robot is very easy, no previous knowledge is needed and traders don’t even need to know anything about complicated financial analysis. Trading with Option Robot only asks for simple registration and investing with the preferred broker. Our Option Robot review will help you understand how this software works and maybe it will help you concentrate on most important strategies that will make your trading more successful.
Option Robot Software
We couldn’t find out more information that will explain to traders how Option Robot really works. Based on our experience, we can only assume this software is based on computer algorithms that generate binary signals that automatically place trades instead of a trader.
BinaryRobot.org team has joined Option Robot software to get more inside information for traders who are interested in joining Robot. After logging on Option Robot software, we didn’t need much time to see that traders don’t have much control over their investments.
Option Robot lets you select preferred deposit amount, indicator and which trading method they want to trade with. There are various binary products that basically help traders to trade, but it is not the case with Option Robot. We have been searching for some additional trading tools that could make trading more interesting, but there aren’t such customization.
How to Open Account With Option Robot?
After you have decided to trade with this software, Option Robot provides you with Register button to get started.
After filling up your personal information, Option Robot requires you to accept their terms and conditions before starting. Terms and conditions are always important to read first, and in this case, we haven’t found any vague information that could look suspicious to us.
Option Robot welcomes traders to connect with four brokers: Banc de Binary, StockPair, BinaryTilt or Tropical Trade. Later we have found out that Option Robot offers more than 15 brokers that are supported for trading, which gives more space for traders who easily get bored with same brokers. After just a few moments we have successfully managed to register with Option Robot.
Option Robot Brokers
We were satisfied with a number of available brokers presented on Option Robot portfolio. Besides brokers we already mentioned, traders can choose to trade with
To start trading with one of the mentioned brokers, traders need to register and make a deposit with the broker of his choice. Most brokers are available from $250, although Option Robot recommends investing $500. This approach can turn aways traders that are here for the first time because they are mostly scared to invest such amount. Looking from this perspective, we think Option Robot software will be more convenient for experienced traders that are used to invest higher amounts.
If you already have registered with certain broker first, you will have to register again through Option Robot platform to be able to trade with that broker. This procedure is normal for most binary robots.
Option Robot Trading Tools
If you are one of those newbies that have no trading experience with automated robots, Option Robot has Demo account option that would be the best choice to start with. Traders can easily switch to real trading, by choosing the setting on the left side of the menu. Demo account welcomes traders with virtual funds ($1,000). This is the pretty low amount when we compare it with other automated products.
Option Robot Trading Methods
Option Robot offers to trade different expiry times, indicators and methods. Some of the additional services are a maximum simultaneous number of trades you want to allow when placing trades. Traders can define an amount of trades – from €5 to€500.
Apparently, Option Robot only trades with currency pairs, which could be a bit boring for those with more trading experience. Robot trades with 8 currency pairs and traders can also define what pairs they want to trade.
Expiry times are pretty short, which will satisfy those that like more volatile trading strategies. There are only five expiry times methods: 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minutes.
More experienced traders will be happy to know that Option Robot can trade based on three different methods: Classic, Martingale or Fibonacci. Each trading method enables trading with different trading amounts. If you are the beginner, we recommend you to stick with Classic method and after you get some skills, you can try others.
Option Robot offers multiple trading indicators which are more important for traders that know what they are doing. The trend, Macd, CCI, Stoch and RSI are just a few indicators that can be enabled while Robot place trades for you. As we said earlier, Option Robot seems to be software that is more oriented towards experienced traders that have more trading experience and know how each indicator will change his trading strategy.
Option Robot Final Words
Although it is made for experienced traders, we have enjoyed testing Option Robot software. It is one of the rare binary systems that is completely automated. Unfortunately, if you are a beginner, you need to start building binary knowledge to be able to profit with this software. There are many features that will be unclear to you and it won’t satisfy your needs. We really liked how many available brokers traders can trade with, and we have found pretty famous brands there too.
Option Robot doesn’t have live chat support, but they provide support via email. We are aware that email support can be slower than chat, but after all, most important are that traders get the correct answer.
Traders who feel uncertain this is the right product for them can always register with tested and trustworthy service – Binary Options Robot.