OptionRobot Review: Platform You Can Trust
With so many binary options systems out there finding a reliable one that actually produces results can be quite a challenge. Everyone makes claims about their software being the best option there is and, naturally, they all want you to believe they have the solution you are after. In the sea of questionable offers, OptionRobot binary system stands out as a solution you can actually trust.
Although relatively new in the binary option world, OptionRobot came out guns blazing, offering a fully automated solution. Producing reliable trading signals and executing trades without user’s assistance, this system can actually generate money while you are asleep. It hardly gets better than that.
For Novices and Experts Alike
Developers behind OptionRobot put a lot of effort into building a system that caters equally well to brand new users and experienced binary options traders alike. With a simple to navigate software and wide range of brokers to choose from, this new player on the market seriously threatens to become one of the leading automated trading solutions.
OptionRobot adaptability and access to some of the best brokers out there, like StockPair, Goptions, and Banc De Binary, quickly put it on the radar of knowledgeable traders. They did not fail to recognize the potential behind the new platform and they flocked in great numbers to take advantage of everything OptionRobot has to offer.
Simple and Highly Effective Software Solution
One of the biggest fears new binary options traders have to face, apart from the financial considerations, is figuring out how things work. OptionRobot realized this and came up with a highly effective software solution which is still very simple to use.
As soon as you open an account with a selected broker, you can simply click “Start Auto Trading” and rest assured that software will act in your best interest. Of course, most people will want a bit more control over what’s going on with their money, so the software lets you pick what currency pairs to trade in, how much you want to risk on a single trade, etc.
Trading signals will be generated based on your particular settings: expiry time for a trade as well as different indicators (Trend, MACD, CCI, RSI, Stoch, and Williams). Signal generation will depend on selected indicators.
Since there are six different indicators you can use to generate signals, the accuracy of the output is almost guaranteed. Although there is no such a thing as certainty on the financial market, OptionRobot’s system certainly comes as close as possible. What this means in practice is this: for the system to place a Put trade, all selected indicators must agree. If there is an opposite signal coming from any of the indicators, the trade will not be placed.
Traders can choose between three different trading systems. While all of these should be profitable considering the amount of information the system provides for, some are more conservative than the others.
- Classic system – always trades the same amount
- Martingale – increases the trade amount after the previous loss to ensure profit on the next trade
- Fibonacci – trade amounts are increased after a loss and reduced after a winning trade
What’s even more appealing is that there is no download required to use OptionRobot. You can use the system directly from their website, which means that the platform is compatible with a range of devices and operating systems, including Windows and Mac computers, iPhones, Androids, iPads, and more.
Getting Started with OptionRobot
Staying true to their policy of simplicity and accessibility, OptionRobot made the process of signing up and getting involved with binary trading very easy.
First, you will need to open account by filling in the required personal information. While some new to the trading business could have issues with this, you need to realize that providing your info is absolutely necessary to protect your account and prevent different scam attempts.
Secondly, you need to pick your broker. We’ve already mentioned that OptionRobot lets you sign up with some of the best and most reliable binary options brokers in the industry, so you should have no problems picking up the one you like.
Finally, you will need to fund your account to start trading. The minimum required deposit to start trading is $200, although the platform will recommend starting a bit higher to give yourself a bit more breathing room in the event things don’t get off to a great start. Once again, there are no guarantees in the world of binary options and this is especially true when talking about short term investments. However, a bigger bankroll should significantly increase your odds of winning in the long run.
Cost & Returns
The OptionRobot platform is completely free to use if you sign up with one of their many brokers. As soon as you make a qualifying deposit ($200 or more), all system’s options will become fully available to help you make money.
Talking about returns, this still remains to be determined. Being a new player on the market, there are still no reliable user data to estimate potential returns. That said, looking at everything that the platform has to offer, we can assume that OptionRobot can generate very decent ROIs (Return On Investment) for those who hang in there for the long haul.
Although the software is fairly simple to use, there are still bumps along the road that customers can run into. Should this happen, there is a customer service in several languages including English, German, Italian, Dutch, Russian, Swedish, and even Arabic.
You can always request assistance via email or using the web form found on the site and you can expect to receive a useful answer to your inquiry very soon. In the event you are unclear about software, trades, or anything else, feel free to reach out to OptionRobot customer support and expect to receive the kind of attention you deserve as a client and customer.