TABLE OF CONTENT
In today’s article, our professional trader Michael Allen will teach you how to spot binary options trading scams. You will also get systematic instructions, which will allow you to trade effortlessly with the best automated binary trading robots. If your goals are any of the following, then please keep reading, as this is the right article for you.
- You are looking for the best ways to earn money with binary option robot
- You are interested in investing, but are too tired to study complex investing literature
- You are interested in new technology
- You want to earn money with binary options
- You want to be able to quickly spot the most common trading scams
Instructional Video – The Real Robot
The Best Scam Free Option Robot
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Option Robots – Scam Investigation
Hello, my name is Michael Allen. I have been a professional stock trader for over 20 years now. I have seen a number of economic ups and downs, both personal and professional. In most of the worst cases I have seen, the main reason has been the lack of experience or bad timing. Sometimes the losses are just attributable to bad luck. However, the saddest of all is that these losses could have been easily avoided.
In this article, I will teach you how to discern a good, effective binary options robot from a robot whose only purpose is getting the investor’s money. In addition, I will give you my personal recommendation, if you want to invest with automated trading software.
Why Trade with Binary Options Robots (To avoid getting scammed)?
Nowadays there are several automated binary options applications available on the market, but despite the fact that most of them are honest, you will also find many unreliable suppliers whose sole purpose is getting the consumer’s money.
If you are new to option robots, I recommend you to read our home page first, where I tell you in more detail how the traders can benefit from using trading software. The robots are able to make profit in situations in which human beings are not fast enough to take advantage. If you are trading with binary options, you should know there is no situation in which you should not to use a robot as a form of help. It will help you get good results faster and operate more efficiently.
However, the most important thing for you is choosing the right robot, the one that is able to make profitable investments. Next, I will tell you the most important fraudulent signals, which will help you to see almost immediately if the robot is fraudulent or legitimate.
No Scams Video
How to Spot a Scam Robot?
- Poor Website Design. This is my number one signal. Scammers do not bother to spend time or money to make decent web pages. Usually, they see an opportunity to make fast money and immediately take full advantage of it. In particular, I recommend paying attention to potential image manipulations. Some unnamed scammers are using photo-shopped celebrity images on their webpages. While some websites are so amateurishly made that everyone can easily see that they are not trustworthy. On the other hand, if the website is as stylish as websites of large companies, it is very likely that it was made with honest goals in mind.
- No Information About Robots Features. If you cannot find any information about the robot’s features anywhere, it is very likely that the features are very bad, or the robot is extremely simple. In the worst case, the only feature is that the robot ensures that you will lose your investments. Every honest binary options software has a very wide range of possibilities to customize its functions according to the desired parameters.
- No Previous Trading History. If you cannot find any information about past trades, this is a huge red flag. If the robot were actually able to make a profit, why would the developers hide its results? This just does not make sense. Many robots promise high profits for their users, but when they try to locate where these profits exactly came from, this is almost impossible to determine. The best binary options robots – such as the option robot – keep their trading history clearly visible on their website.
- No Contact Information or Possibility to Contact Customer Support. Fraudsters do not have any interest in helping when problematic situations occur, so it is likely that they do not even bother to put contact information on the website. Even if there are any, they are most likely fake. However, if you find contact information and you get answers to your questions, there is a high probability that the robot is trustworthy.
- The Robot Costs Hundreds or Even Thousands of Dollars. There are many excellent free binary robots available on the market, so there is no reason to pay large sums money for binary trading software. For example, my personal favorite – the option robot – is currently available for free. It is without a doubt the best binary robot, so there is no motif to pay for software of inferior quality.
- Clearly Exaggerated Results and Promises. If a option robot promises an income of more than $1,000 per day for a new user, it is very likely that it is a scam. None of the fully automated binary robots is able to guarantee such a result at this time, and I do not think that it is possible even in the future. The best results that you can realistically expect are a few thousand dollars of monthly income. Even such a result usually does not occur immediately. You need some experimentation, fine-tuning and patience. Investing always involves the risk of losing, so if someone promises you guaranteed income, you should be very suspicious.
- The Software is Only Compatible with Shady Broker Sites. If any of the well-known binary options brokers (such as 24Option or IQ Option) do not trust a certain robot, then you should not either. The more brokers to choose from, the better for the investor. This way, you can also take advantage of bonuses, risk-free trades and other possible benefits that are available for new investors. Your investments should always be stored on a separate broker account, and you should be able to turn the robot off whenever you want. Therefore, you can significantly reduce the possibility of fraud.
- The Robot Has Only Been On The Market for a Short Period. This does not necessarily mean that the software is fraudulent. However, scammers usually stay on the market for a short period. If the software has been available for many years, it is much more likely that it is trustworthy and useful to help you earn money. Scammers tend to get so much negative publicity that it is almost impossible for them to remain on the market for many years or even months.
- Only a Few Trading Assets Available. Some fraudulent option robots only trade with one trading asset, or even worse, it makes no real trading at all. A wider variety of trading assets also means more opportunities to earn money. It is almost impossible to earn money if there is only a couple of trading assets to trade. There is usually not enough opportunities. There are some exceptions; sometimes by specializing in a particular trading asset, an exceptionally good trader can make a huge profit.
I have used dozens of different option robots and so far only found three that has been able to avoid all these fraudulent signals. Next, I will comprehensively go through the most important features of this automated trading software, and tell you why it is far superior to all competitors.
Recommended Binary Option Robot
The Option Robot
When it comes to auto trading systems, there is no shortage of options to choose from. The market is already saturated with these systems yet the number keeps growing with each passing minute. With the cut throat competition and declining interest in trading systems due to influx of scams, creators of the few legit types of software have had to put in extra work to maintain credibility. In this niche, evolution, improvement and uniqueness keeps you floating stronger and for longer. A good example, and the subject of this review, of a software that, from the start quickly curved a name for itself and still continues to do so to this day is The Option Robot.
Top Notch Software
There’s not many softwares around that can boast of having a proven hit rate of over 75%. Option Robot easily surpasses that and with over 90% accuracy is considered among the top 5 robots in the world. And it is easy to see why. Everything about the system is well put together, from the superb website to the customer service and the software itself. In a world filled with utterly cheap scams, The Option Robot is a breath of fresh air. The creators of this system must have heard our collective prayers for a world class system, top to bottom. And they delivered. Big, big time.
Anything else is up for argument, but you can’t argue the fact that The Option Robot is the best software website out there. Right from the top, all the way to the bottom of the page, there is none of the big and very unrealistic promises that are associated with fake software. The sign up process is simplified and made clear and the necessary information about the software, how it works, the linked brokers and even a regularly updated blog is available on the site. Now, show me any other site that has the same and I’ll show you a donkey with wings.
How it works
The Option Robot is an 100% automated trading software that generates its own high quality signals and automatically places trades directly to the client’s broker account. To ensure maximum accuracy, the software generates signals from not one but six market indicators each with its different strengths and features. You, the trader has the freedom to choose the indicators which will provide signals for your trades. You can select only one, several or even all the indicators. If more than one indicator is selected, the robot cannot place a trade if the signals produced by the indicators are not correlating. That is, for the robot to place a Put trade, all the indicators have to generate Put signals. This leaves very little margin of error and can be attributed to the above average hit rate of the robot.
The trader also has the freedom to choose which brokers to sign up with as opposed to having one pre-selected for him/her as is the case with most softwares. The downside is, you have to open a completely new broker account when signing up. Existing accounts are not supported. And for the pessimistic traders, the site has a demo account, open on weekends when the financial markets are closed. Different from a real account which uses the Reuters live feed, the demo version uses eToro live pricing feed. Whatever the case, it is a great way to test and learn the workings of the software without any risk to your money.
The list of brokers that the software affiliates with also contributes, in a way to its credibility and good impression. The list includes world renown CySEC-approved brokers such as Stockpair and 24Option among others. With this calibre of brokers, you can trade easy knowing your money is safe.
Everything about The Option Robot is systematic, and the trading process is no different. Basically, the robot places trades based on one of three trading systems, selected by the trader. The systems are :
- Classic System – This is the oldest and most used trading system in binary options. It is regarded as much safer and is a favorite of newbie traders. It doesn’t offer much in terms of profits but then again, it is associated with very few losses.
- Martingale System – Widely used in Forex trading, the Martingale system is the best choice for traders looking for quick profits. It places higher risk trades which are known to have very high payout margins. This is not the system you want to get started with as it can bring your account balance to zero in minutes.
- Fibonacci system – This is one for the traders looking for bigger payouts but without the high risks. It increases the trade size sequentially after every win or loss. If all goes well, the eventual profits are far much more than with the other systems but on the flip side , the losses are also far much bigger.
The Option Robot is one of the very few robots that can be considered a trader’s robot. Everything about the robot, from the brokers to the trading system or method and even the currency used is all under the traders control. The developers, clearly aware of the dangers – in terms of public perception – of leaving the software to itself, limited the number of simultaneous trade at any one time to 8. The trade sizes are also flexible with the minimum amount being $20 and the maximum $500.
- Overall rating 4,9 out of 5
- Scam test result: Pass
I would definitely recommend Option Robot to every trader out there who wants to capitalize on binary options. Apart from being positively reviewed in major sites, the robot has a lot to offer with the signal generation and trade placement method used. It is not every day we see the use of such complex indicators in binary options software. The blog, with the regular updates is also of great help to all traders, and so is the highly responsive customer care service. Still need further proof why it’s not a scam? Well for starters, there’s no funny looking person claiming how he makes millions in a month yet you can clearly tell he’s a cheap actor. And there’s absolutely no deceptive testimonials and whatnot. If still in doubt, the demo version is a great place to start.
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Extra Review 1:
The Automated Binary
Binary options is arguably the fastest growing financial trade. Millions of people all over the world are now paying attention to the trade, once regarded as Wall Street’s version of gambling. And it’s not all about the huge returns, although that also contributes to its popularity. Perhaps what attracts people more to binary options is the relative ease of setting up a broker account and commencing trading in addition to the convenience of trading and following up on placed trades from anywhere at all times. The large number of auto trading systems make it is even easier to trade binary options.
The Automated Binary is just one of the possibly thousands of trading systems available and the subject of this review. Is The Automated Binary a scam or not? Read on to find out.
What is The Automated Binary?
The Automated Binary is a new automated trading software that offers traders the added convenience of trading (and reaping the rewards of trading) without even raising a finger. The Automated Binary, despite being a new entrant, is among the highest rated software in the world of binary options. Chief among its most popular features is
the $50,000 bonus account, which will be discussed in detail in a moment and the large variety of settings and customizing options. Admittedly, The Automated Binary is among the very few systems which give full control of all trading activities to the traders. This is very commendable considering the large number of scams who are too engrossed in finding ways to rip traders off to even come up with any unique features.
If you haven’t yet gotten the drift, below are just some of the amazing features of The Automated Binary with simplified explanations to enable even the least experienced of traders understand how this great software works.
Most binary options critics can’t stop comparing it with gambling in that it is very difficult to manage your money wisely and not overtrade, especially when making big consistent profits. The situation is even worse when you have a computer software placing trades for you. The Automated Binary understand how hard it is for any trader, experience not withstanding,
to wisely manage their account and have developed some features to help with that.
There are three money management options, doubling as trading methods, that The Automated Binary traders can select, namely:
- Classic – This is the traditional type of trading and most traders are familiar with it. The classic method is the safest among the three and gives traders the freedom to choose their investment per trade and the number of trades the robot can place in a day. It brings in less returns and even lower risks.
- Martingale – Commonly used by casino players and was picked up by binary options traders after realizing that it still works in the trade. Basically, when you select the Martingale method, the robot will invest lower amounts in the first several trades, then double the amount after every loss. It keeps doubling until a win occurs, which then makes up for all the losses. This is hands down the riskiest method and is only recommended for professional traders or traders with deep pockets.
- Fibonnaci – In this setting, the robot will trade based on a classic mathematical sequence built on the idea that such trends tend to repeat themselves over time. Fibonnaci is more commonly used in stock markets and is regarded as the most accurate trading method, although riskier.
That is not all, the decision on how many simultaneous trades the robot can execute also lies with the trader. The number can be anywhere between 1 and 8. The low maximum is meant to prevent the robot placing dozens of trades all at once which is often disadvantageous to the traders. The site also allows traders to choose the maximum investment on a single trade from $5 to $500.
The Automated Binary is regarded as a highly accurate system with a projected accuracy rating of 85%. This puts it just a notch below the best systems such as The Option Robot which means a lot for a new entrant. And it is not by chance that the robot is this accurate, it makes use of sophisticated algorithms which generate
signals from six top market indicators. Below is the full list of the indicators and as you can see, they are the best in the market :
- Moving Average Convergence Divergence (MACD)
- Trend Indicator
- Williams Percentage Range
- Stoch Oscillator
- Relative Strength Index (RSI)
- Commodity Channel Index
As you know, it’s not about which indicators are used but how they are used. The Automated Binary software allows traders to select their preferred indicators from the above list. It is possible and even encouraged to select all of them. The Automated Binary makes it clear that whatever number of indicators is selected, they must all indicate the same direction for a trade to be placed. This ensures that for every trade placed, the chances of aniIn the money finish are very high.
In binary options, the brokers are everything. For every trader, potential gains, or losses are very much dependent on the broker they choose. Simply put, finding a good broker puts you halfway through the whole thing. The list of brokers affiliated with The Automated Binary is not that extensive but it contains some very good names.
They include 24Option, Stockpair, Optionweb and Binary Tilt. These are the best in the world and all of them are certified and approved by CySEC – the official binary regulator.
- Overall rating 4,7 out of 5
- Scam test result: Pass
With the many amazing features it possesses and the above average accuracy, The Automated Binary is far from a scam. The fact that the site makes no unrealistic promises to the tune of “Make $1000 in 12 hours! Sign up now!” makes this even more obvious. Frankly speaking, The Automated Binary is very close to topping market leaders such as The Option Robot and it might actually happen sooner rather than later if said site doesn’t watch out.
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Extra Review 2:
The Real Robot
The real robot is currently the third best binary options robot on the market. The Real Robot is 100% automated, which means that, after the initial installation, you do not necessarily need to touch it at all.
However, if you want the best possible results, a weekly fine-tune is necessary. The time the robot saves is considerable in comparison with not having it. I have also heard of people who have managed to get the right settings straight from the start, and then were able to leave it to work completely independently. Still, this is probably not a common occurrence.
How to open Binary Options Robot account
How to make a deposit to broker account on Binary Options Robot
Binary Options Robot VIP account
Binary Options Robot Settings
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Security and Awards
The Real Robot uses a 128-bit encryption in its software, which ensures that trading is always safe and secure. The software can be used with both Windows and Mac. Also, using it with a smartphone is easy and fast. The robot has won several awards, and the best known is perhaps “the best auto trading software award” for two consecutive years: 2014 and 2015.
You can clearly notice with the regular use of the software that they have invested considerably in its properties. When you are trading with the software, it feels like trading with high-tech professional software worth millions of dollars.
Binary Trading Signals
The robot’s operation is based on the exploitation of signals. The majority of the signals are associated with currency trading. However, other options can be found through the asset selection. Forex trading is by far the largest market in the world in terms of turnover; therefore, it is clear that there are also the most exploitable opportunities for a robot trader.
Signals are generated by professional binary options traders. When a good moneymaking opportunity appears, the robot seizes the opportunity at a speed that cannot be matched by any human investor.
Considering the robot is able to make trades in large quantities in very short periods, it can utilize a large number of excellent opportunities, which is completely impossible for human beings. The most important thing is not to make profit with every trade, but to make as much profit as possible, within a certain period.
The signals hit-rate is excellent. In my own trial, I got an accuracy of a little more than 80%. This percentage is more than sufficient for profitable trading.
What Really Makes The Robot Stand Out From Its Competitors
The following features are what really makes the robot stand out from other auto traders:
- Pre-programmed algorithms. The real robot is able to make investments and see good opportunities much faster than any other software currently available on the market.
- 100% automated trading. There are also many other signal provider applications on the market, but the robot is the only one of the few, that is able to make investments fully automatically.
- A large selection of broker sites and features. The investor has complete freedom of choice. A wide variety of different brokers and features makes investing much more interesting and profitable than ever before.
- Most interesting trading assets. Other binary robots only invest with one trading asset. The real robot is using several of the most profitable assets to get the best possible result. In addition to currencies, it makes investments in indices and commodities, for example.
- Fully web-based and compatible with mobile devices. You do not need to download anything to your computer. You can use the robot anywhere and at anytime.
- Available and legal to use in all countries. Any law or regulation anywhere in the world does not limit the use of binary options robots. Therefore, the use is legal in all countries like in Singapore, Japan and Israel .
- It is completely free! No hidden costs. This is perhaps the most unbelievable feature. The software developers are really giving it free of charge. Although, I do not think that this will continue for long. I recommend that you register immediately, in order to ensure that you have it free of charge, before they start to charge a fee to new users.
Stop loss and reverse trading
For those who want to start using the robot a little bit more cautiously, there are two excellent additional features: stop-loss and reverse trading. With a stop loss, you can set the exact boundaries of how much you can lose in the worst case, if you happen to have bad luck. This way, you can considerably reduce the overall risk.
I recommend, at least at the beginning, that you use some kind of stop loss, especially if you invest bigger sums. By default, the stop-loss rate is set at $10 per day. It is worth noting that the robot does not make profit with every trade, and that there will be consecutive losses at some point in time.
Reverse trading is intended for investors who believe that the robot gives false signals. Reverse trading always invests in the opposite to what the robot instructs. I do not recommend trying this feature, but it is a good feature to have, as it will increase confidence on the integrity of the robot.
The real robot really is 100% automated as advertised. You do not need to install any software on your computer, as it is fully web-based. Checking results and changing settings are also very easy to do via smartphones. Once you get your personal settings right, making money is easier than you have ever believed. You do not need to have any prior knowledge about trading when you start using the robot. It is really a shame that there were no similar applications ten years ago. If there had been, I would certainly be richer now.
The Real Robot software functions within the rules of every binary options broker. You do not even need to worry about searching for brokers, considering you can register directly through the real robot. You can choose among the world’s most popular binary options brokers, such as Porter Finance, GOptions and Cherry Trade. I recommend trying the robot with more than one broker site; this way, you can see which one fits best to your style. Some brokers may be better suited for prudent investors and others for investors who are willing to take bigger risks.
VIP and Account Setup
The VIP account allows you to set your desired risk level. You can choose small risk signals, but the winnings are usually a little smaller. Alternatively, you can choose the riskier signals. This way, you will have an opportunity to get the bigger profits; but big losses also come more often. The risk level can be easily combined with a stop loss. In fact, you can get the software completely tailored according to your own risk appetite. At is time, the VIP account cannot be bought, but you can get it free of charge for one month if you create an account through our links. After you have successfully opened an account, please send an email to email@example.com with the subject”LP2017 VIP ACCESS,” and you will get a free VIP account for one month.
My own experiences with the real robot
The best feature of the real robot is perhaps that it does not need an internet connection to function, after you have it installed it. Preferences are also easy to set and you can change them whenever you want. Achieving exceptional results is not difficult, even for an inexperienced investor.
I have been using the robot at full time for a little over two months now, and I will definitely continue to use it in the future. It has greatly reduced my workload. I can now apply this extra time to my other investment projects and thus obtain excellent results, which would not be possible otherwise.
- Overall rating 4,6 out of 5
- Scam test result: Pass
The real robot is without a doubt a great and trustworthy binary options robot. As an experienced investor, I especially liked how much it resembles expensive robots that professional investors use in their work. It is almost unbelievable that you can get it completely free of charge. I recommend seizing this excellent opportunity now, when it is still possible, and immediately taking the real robot into use by clicking on the button below.
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Other tested scam free robots:
- Copyop Social Trading
- Overall rating 4,4 out of 5
- Scam test result: Pass
- Mikes’s Auto Trader
- Overall rating 4,3 out of 5
- Scam test result: Pass
Written by Michael Allen
Updated on: 05-19-2017
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References And Further Reading
- Floor versus Automated Trading Systems: A Survey of the Issues Lawrence E. Harris
- Neural Networks for Financial Forecasting: Edward Gately
- Decreased price clustering in FTSE100 futures contracts following a transfer from floor to electronic trading: Owain Ap Gwilym; Evamena Alibo
- Trade, finance, specialization, and synchronization: J Imbs
- Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room: Daniel Beunza and David Stark
- Computer And Robot Vision: Robert M. Haralock Linda G. Shapiro
- Information technology and securities markets: Feasibility and desirability of alternative electronic trading systems: Bruce William Weber
- Interpreting Prediction Market Prices as Probabilities: Justin Wolfers, Eric Zitzewitz
- Two Stock-Trading Agents: Market Making and Technical Analysis: Yi Feng, Ronggang Yu, Peter Stone
- Algos Gone Wild: Risk in the World of Automated Trading Strategies:Bernard S. Donefer
- The Penn-Lehman automated trading project: Kearns, M., Ortiz, L.
- An Introduction to the Special Issue on Computational Techniques for Trading Systems, Time Series Forecasting, Stock Market Modeling, Financial Assets Modeling PETR HÁJEK , FILIPPO NERI