Traders are often comparing different binary trading robots. Mostly they know for one or two different brands, but they are always interested in finding a better trading solution. Binary options are changing on a daily basis and traders are welcome to find better services for their investment plans. In this article, we will analyze two binary robots Binary Options Robot and iRobot, and discuss their difference.
Which robot is easier to open an account with?
We have tested both robots and made notes during the registration process so we can compare them. Registration with binary robots is usually simple and takes less than just a few minutes. In further text, read what we have found.
To open an account with Binary Options Robot we were offered to choose between 25 different languages. This is considered as an advantage, while there are a lot of traders that are not familiar with English, so they can choose to register using their native language. Binary Options Robot requires some basic information: name, last name, email and phone number. After that, traders need to choose their password and accept terms and conditions. This takes no more than one minute.
While Binary Options Robot offers 25 different languages, iRobot supports only to register on English. This is not something that will create problems to traders, but it is definitely easier to use native language if English is not your stronger asset. To open an account with iRobot we were offered to choose broker we wish to trade with. While with Binary Options Robot traders are automatically registered with one broker, iRobot forces you to pick one of the brokers during the registration process. iRobot requires filling name, last name, email and phone number, just like it is with Binary Options Robot. Traders have to accept terms and conditions which will then create their account. Registration with iRobot took us the same time like for Binary Options Robot.
Which binary robot has better brokers?
Binary Options Robot trades with reliable brokers, which is already known in broker reviews we have written. Every broker is tested and considered as reliable for trading. There are more than ten various brokers that are available with Binary Options Robot platform. Among them, we can mention Banc de Binary, OptionFM, Bloombex, Binary Brokerz, Swift Option, B4Binary, Option Stars, Plus Option etc.
Traders have the opportunity to trade with more brokers at the same time with the same trading account. This is an advantage that is very important since there are many binary robots that don’t support trading with more than one broker. A wide range of brokers gives traders opportunity to divergence their trading strategy, especially for traders with more trading experience.
iRobot has arranged only five brokers to trade with. Traders can create accounts with Banc de Binary, OptionRally, StockPair, BinaryBook and Tropical Trade. When comparing with Binary Options Robot, iRobot has less high-quality brokers to offer. Traders can also trade with more brokers from the same trading platform.
What is the difference between trading platform?
We have been comparing trading platform for each robot. We have found out that Binary Options Robot has a user-friendly trading platform.
Binary Options Robot platform provides very simple access to the trading platform. It will be a delight to all traders, especially for those with no trading experience. Traders who have already deposited with a broker can simply define Daily Stop Loss and Max Daily Trades options and set preferred assets they want to trade. After Active Trading is enabled, traders don’t need to do anything else, except being online. Traders are also expanding their account with VIP account and beyond those basic features, use additional tools for the better trading experience. Binary Options Robot enabled traders to define specific amount for different asset group. For example, traders can set Robot to invest $30 in currencies, $100 in commodities and 0$ in stocks.
iRobot has assembled a different trading platform that could be a bit complicated for trading newbies. On the left side of the dashboard, there is a menu with settings. Traders should first define which assets they want to trade with so they can go back on the trading platform. This is a bit confusing for traders without trading experience. iRobot has served only eight trading assets for trading. To be more exact, traders can only trade with currency pairs. In settings, menu traders can also define the trading amount and a maximum number of simultaneous trades.
The difference between these two platforms is massive, starting with visual appearance, trading options and simplicity of trading. iRobot has fewer options and fewer assets to trade with. Binary Options Robot has outranked iRobot in this field also.
Difference between additional features
Binary Options Robot has welcomed traders with VIP account which has additional trading features. VIP account is free and easy to get. Traders only need to deposit with one broker and contact Binary Options Robot customer service to activate it. VIP account granted attractive risk level option that helps in optimizing trader’s investments. Traders can set their Robot to place only most certain trades and see how they satisfied they are with that. Besides that, there are four available trading strategies that can be activated for trading. Traders can choose one or more strategies, depending on their preference. Trading with Binary Options Robot enabled 60-second trading and Daily Trades option.
iRobot doesn’t support their traders with VIP account. Besides trading options we have mentioned, their basic account granted some additional services traders can set while trading. We have found these services as very difficult to understand, especially for beginners without experience. iRobot offers 60 seconds, 90 seconds, 2 minutes, 3 minutes and 5 minutes trading – which is considered as very short term trading. There are no longer expiry times available. Besides that iRobot provides Classic, Martingale and Fibonacci trading method.
It is important to mention that traders trade with binary robots to avoid understanding difficult trading methods like Martingale. Most traders don’t know what Martingale method is and iRobot hasn’t provided any additional info about it. We have found available FAQ database in iRobot platform, but there isn’t any information at all, just a white screen. Traders are also allowed to choose one of the trading indicators, but the same problem occurred with that too, there were no explanations about what are those indicators. iRobot provided: Trend, RSI, CCI, %R, STOCH and MACD indicators.
It is not hard to see what is the difference between Binary Options Robot and iRobot. From our perspective, Binary Options Robot seems like a better choice with a more stable platform and attractive options. iRobot has many undefined options traders won’t know how to use. With more trading options and wide amount of brokers, Binary Options Robot has shown better quality in overall.
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