BinaryRobot365 Review

Rating section:

  • Bonuses: 0/100
  • Software: 90/100
  • Customer Support: 75/100
  • Software Features: 85/100
  • Overall: 85/100

 

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Summary

The company that offers the software does not have any bonuses attached for using the product, traders can use the broker bonuses though. The software results and testimonies are quite spectacular and the package comes with a free demo account to test drive the robot, which brings in a high 90/100. The website has online help 24/7, which is excellent and finally software features are amazing due to their functionality and customization, and as such score 85/100.

 

We live in an age of artificial intelligence. Automated programs are now achieving way more than most talented humans in their respective fields ever have done. These programs can beat chess champions, outperform scientists and probably outperform most traders and investors too. But, how can you know which program is good and which one is just a scam? It takes time to test the results and see whether they are consistent. However we have conducted the research for you and created this review on BinaryRobot 365.

 

Company information

We cannot say a lot about the company that offers the software, as not much can be found on their website. It is clear that they were founded in 2016 and quickly gained popularity, with more than 1000 users around the World. Of course, they are not brokers, so it would be natural for them not to be regulated. Instead they promote their software and offer the use of it through their affiliated yet independent brokers – most of whom are regulated.

The trust garnered in this software speaks for itself and through the testimonies of those who have made nice profits using it. You can contact the support team over live chat to find out more about them and the company will answer you almost immediately.

Trading Software

The robot is an automated trading software or algorithm that trades on your behalf without any need of interference. You simply have to open an account with one of the brokers that BinaryRobot 365 is affiliated with, then switch the ‘auto trading’ button on and you are all set. The robot will start trading remotely from your account. Do not worry, you will still have full control of your account and you will be able to customize settings of indicators which you want to be used or trading strategies that are connected with the indicators.

The robot uses the most popular indicators to carry out trades for you: MACD, Stochastics, RSI, CCI, Williams and a Trend indicator. Just to emphasise, you will still have full control over your account and you will be able to choose trade amount, expiry time, what assets to trade, number of simultaneous trades, choose your favorite money management system and so on.

 

Mobile Trading

The good news is that BinaryRobot 365 performs on both desktop and mobile platforms. Investors are assured by the company that their software works effectively and efficiently on all tablets and smartphones. It is the same web-based program that is used for personal computers. It might have been better if they had developed a separate version for Android and iOS devices, but as long as the robot delivers what is promised, then no complaints here.

 

Fees, Payouts and Trading features

 

Another piece of good news is that the software is free to use. The designers of the product are compensated from affiliate commissions that they get when you open an account with one of their affiliated brokers. This is great as most software providers will charge you an extra fee each month for using their software, but not BinaryRobot365.

The company states that the success rate of their software is 90%, which is amazing. Of course, you are not guaranteed to get that by the company, but again, testimonies show the results and they prove that under most market conditions you will achieve that win rate. This is great as most software programs of the kind can hardly reach sixty percent.

You should also remember that the way you customize your settings may affect the the result of your win rate. Those who did experiment with the settings claimed that they managed to reach 70% win rate, some more.

The payouts as you may understand do not depend on the software, but on the brokers that are affiliated with the BinaryRobot 365 company. The maximum payouts vary between 80-95%, much of which depends on the type of assets you are going to trade, trade amounts and expiry timings.

 

Available Brokers

At the moment BinaryRobot 365 is supported by 8 binary options brokers. A quick look at each one of them!

 

Binary Tilt

  • Regulated: CySEC
  • Maximum Payout: 86%
  • Minimum Deposit: 250%
  • Established: 2014
  • US traders accepted: No

 

EmpireOption

  • Regulated: No
  • Maximum Payout: 82%
  • Minimum Deposit: 200$
  • Established: 2010
  • US traders accepted: No

 

FM Trader

  • Regulated: Belize IFSC
  • Maximum Payout: 85%
  • Minimum Deposit: 250$
  • Established: 2013
  • US traders accepted: No

 

PlusOption

  • Regulated: No
  • Maximum Payout: 87%
  • Minimum Deposit: 250$
  • Established: 2014

 

Stockpair

  • Regulated: Belize IFSC
  • Maximum Payout: 86%
  • Minimum Deposit: 250$
  • Established: 2010
  • US traders accepted: No

 

Toroption

  • Regulated: CySEC, ASIC
  • Maximum Payout: 88%
  • Minimum Deposit: 350$
  • Established: 2016
  • US traders accepted: No

 

Tradorax

  • Regulated: No
  • Maximum Payout: 85%
  • Minimum Deposit: 250$
  • Established: 21014
  • US traders accepted: Yes

 

24Option

  • Regulated: CySEC
  • Maximum Payout: 87%
  • Minimum Deposit: 250%
  • Established: 2009
  • US traders accepted: No

 

Bonuses & VIP programs

As BinaryRobot 365 is not a broker company, it does not offer any bonuses or special VIP programs. However, brokers that are affiliated with the software provider, may offer a bonus system and that may entice you to choose one broker over another. You should remember that all brokers that are regulated under Cyprus regulatory authority of CySEC are not allowed to offer bonuses to their clients. So, if you want to get extra bonuses you may want to choose a broker which is not under the CySEC regulation.

 

Deposits and withdrawals

As has been stated, BinaryRobot 365 providers are not brokers and so they are not responsible for handling deposits and withdrawals. Most brokers that the software provider is affiliated with will have basically the same deposit and withdrawal methods: wire transfer, credit/debit cards and most popular e-wallets. You will have to check with each broker whether they have the method that is best for you and what fees if any are applicable.

 

Customer support

At any time you browse through BinaryRobot 365 website there will be a chat window open and somebody from the support team ready to talk to you and answer your questions. There is also an FAQ section where most important questions are asked and answered, so you may refer to that before opening a live account with any of their affiliate brokers. You can also contact them by email.

 

Extra features and resources

You will not find many extra features and resources on their website. They are trying to promote their product for the most part. Therefore, you can find extra testimonies and results about the performance of their software. They regularly post top 10 users of a given month with some testimonies of their happy customers. There is also a ‘video results’ page where a loyal customer explains how to use BinaryRobot 365 software.

 

Verdict

After careful analysis we have come to the conclusion that BinaryRobot 365 really delivers what it promises. A lot of users of the software state that they have above 70% success rate on a regular basis and they have benefited a lot both psychologically and financially as they do not have to sit glued to their screens, trying to decide when to open or close a trade, where to place stops, what amount to invest and etc. It is all automatic.

Another plus point for the robot, is that you can do your own settings in all important aspects of trading: choose your own strategy, set trading settings, choose indicators, amounts, risk management strategy and many more. This feature seems to be an exception in the field of binary trading robots.

 

Pros:

  • Above average returns
  • Easy to use
  • You choose setting and keep control over your account
  • Free Software
  • Selection of 8 reliable brokers
  • Demo account to try

 

Cons:

  • Possible programming errors and losses connected to that
  • Too short period to determine consistency of high win rate

 

FAQ

How to get started?

In order to start using the product, you will need to open an account, select a broker to trade with and make sure the autotrading button is switched to “ON”.

 

Can I use the robot on Mobile?

Yes. The binary option robot can be used on your mobile with no need to download an app.

 

Am I able to use an existing broker account?

No you can’t, you will have to select one of the BinaryRobot 365 affiliated brokers, that’s how the company make their money after all.

 

How are the signals created?

Once you select a type of strategy, the signals are created from this strategy. Beginners are encouraged to start with the trend following strategy

 

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