There are many brokers present in the binary options trading industry, but not all of them support auto trading. In order to start auto trading, traders must find a reliable robot and a reliable broker that is available for auto trading with the chosen robot. Even though this seems like a difficult task, it is not impossible, as most reliable robots usually offer auto trading with popular brokers.
List of brokers who are supporting binary options auto trading find in the table below.
Many traders believe that having a good robot is all that takes for successful binary options trading. However, robots, algorithms or software can only be described as useful trading tools or bridges between broker and trader who wants to experience auto trading.
Traders must first find a good robot, and see what brokers are offered and supported by the robot. All robots have lists of brokers they consider to be decent and reliable. This should make decision-making process much easier, and traders can be sure that the robot and the broker are compatible.
After selecting and depositing with a broker, traders can then use the chosen robot for auto trading with the selected broker.
As already mentioned, the best way to find a binary broker for auto trading is to first and foremost take a look at what brokers your favourite robot has listed. Usually, there are more than only one or two brokers, and traders have to make a decision on their broker.
This section, dedicated to binary brokers that support auto trading, will provide traders a better and deeper insight into the world of this type of binary options brokers by reviewing information found on the website. Before making a deposit, traders should read all reviews and compare brokers, as well as understand the risks.
Reviews available on BinaryRobot.org are detailed articles that are providing all necessary information about how the binary options broker operates. They reveal everything about depositing methods, account types, principles of auto trading, education opportunities and customer support.
This information always comes in handy when the trader is looking for a specific information or wants to get a general idea what the binary broker is all about. Here are some of the characteristics of good brokers:
Make sure to take the time necessary before making a final decision. Good broker and a good robot that suit the trader are of crucial importance for all traders who want to experience binary options auto trading.
It is important to understand that in order to start binary options auto trading, traders have to make a deposit with a broker available on robot’s list. Also, the robot may charge a small fee for using the software, but the most popular binary options robots are free.
Usually, after the trader selects a broker, he is taken to the broker’s website and simply has to follow further instructions for depositing. Instructions are always very user-friendly so that even beginners can successfully follow them and start automated binary options trading in very short time.
Often, traders aren’t sure whether or not they have to open a new trading account for auto trading with their preferred binary broker. The answer is depending from robot to robot, and from broker to broker, but it is common practice to open a new account for auto trading.
This means that traders often can’t trade with the existing binary trading account, but have to open a new one, especially for auto trading. The existing accounts cannot be connected to robots due to the specific technical requirements, and new account via robot has to be made. This gives them the opportunity to start fresh with this innovative type of trading. Also, traders get the opportunity to create different money management plan, especially if they want to continue manual trading as well.
Withdrawals are usually processed by the binary broker used for auto trading, because as already noted, auto trading robots are only a service or a tool used for trading.
Traders should get acquainted with withdrawal methods supported by the broker and find out what are terms and conditions for receiving payouts. There is a variety of banking methods available in the world, but e-wallets are the most popular as they are fast and convenient. Of course, traders can use more traditional methods like credit cards and bank wire, but they usually take longer and often carry different fees. Brokers are obligated to list withdrawal terms, and in other cases, traders shouldn’t make a deposit with such brokers.