Why Option Robot gets our #1 recommendation
Let’s get straight to the point here. We believe that you are tired of looking for binary options products that really work. Chances are, you’ve fallen victim to rip off products which are created for obvious reasons – to make the binary brokers rich but then, you will be left alone. Option Robot (optionrobot.com), on the other hand, is different. It is now our #1 recommended binary options auto trading app for simple reasons – it is legit and it works.

  • Brokers recommended by Option Robot are regulated. Which means, your deposit is safe and once you’ve made a good income, feel free to withdraw. This is different compared to several rips off products out there where you cannot verify whether the binary options brokers are regulated or not.
  • The ability to choose your own broker. This part is so refreshing since you don’t need to stick with just one or two brokers.
  • Pay for results. This robot works on a demo account, so you can test it first before you can get it to work. Yes, test on the demo account first, so there is no risk there. It’s very rare to see a binary options system which allows you to test on demo accounts first.
  • Great support from Option Robot team.
  • No hype, no income guarantee on the optionrobot.com website. This is quite different from tonnes of other trading robots software.

 

Open a free demo account at optionrobot.com

 

The brokers for the Option Robot

The most common complaints you will see in binary options forums and occasionally, we received them too, is the fact that people aren’t able to withdraw their money from binary brokers, despite the trading app seems to be working. In most cases, people who are searching for those products on the web, are actually looking for ways to refund their money from those scam brokers, and of course, their attempt fails.

Heck, you could be one of them. The next time you want to choose a binary options system, always, always choose a regulated binary broker. The problem is, most of the garbage products out there are associated with unregulated binary brokers. While they could be working and produce results on the software dashboard, by the time you want to withdraw, the binary brokers will refuse to do so.

The beauty of OptionRobot.com is that you have the ability to choose your own brokers. There are 9 brokers that are currently connected with this software, and each month more brokers are added.

We highly recommend one of these brokers – Stock Pair and 24 Options.

binary-brokers

 

The system has multiple options for you to configure, and this is the reason we like it. No, this is unlike other software where the settings are too simple that it won’t make you money. You have several customizations and can choose your assets, trading styles, time of expiry and more.

option-robot-x

 

Expiry: This is where you tell the robot which option to trade. Your choices range from 60-second options to one-hour options.

Amount: Here you set how much money the robot should place on each trade. The minimum is $20 per trade, and it goes as high as $600 for high investors.

Method: Here you choose will you be trading Classic, Martingale or Fibonacci.

Max Simultaneous Trades: This is the number of trades that the system will have going at the same time. Caution: If you try out the demo mode, will all the options selected, you will be amazed how many trades the robot can place at one time. If you select Trend, for example, the software will start placing trades anytime there is a pattern that matches.

Indicators: You choose from 7 indicators (signal sources). The indicators are what the signals are generated from. If you select Trend, for example, the software will start placing trades anytime there is a pattern that matches.

Currencies: This Option Robot trades 8 forex pairs.

Quick tutorial and winning tactics for newbies

 

Frequently asked questions
Q: How do I track the results?
A: You can track the results of every trade place by Option Robot via the trading history in your link of your broker account.

Q: How much Option Robot cost?
A: You don’t need to spend a dime to join Option Robot. However, you need to deposit real money to start trading.

Q: Does Option Robot works with tablet and mobile phones.
A: Yes it is.

Q: What expiration times does the Robot use?
A: You can configure one of any of the following expiry times: 60 Second, 5 Minute, 10 Minute, 15 Minute & 60 Minute. Please refer to our broker settings comparison article for which expiry times are available for each respective broker.

Read more FAQS here or click here to open a free account with Option Robot.

The Profit Magnet has been launched a few years ago, but then it has been relaunched this week. Just like other binary options scams that we’ve seen before, the Profit Magnet software is being advertised as free, but in order to see how this software works, you need to deposit at least $250 into the recommended binary options broker, and we don’t recommend it by the way. Let us dissect one by one on how the Profit Magnet software looks like.

A little bit about online trading and binary options trading
Binary options trading is a new form of online trading which took place back in 2014. Unless if you live under the rock, you should understand the term stock market trading and also forex trading. In stock market trading, you need to buy one asset when you think the asset is going up. And then, sell the asset when it is going down.

In binary options trading, you need to pick one decision. For example, if you think that one particular asset is going up, let say after one hour, then simply choose the amount that you want to trade and then choose call. Otherwise, if you think that the asset is going down, then choose put. If your prediction is correct, then you will be paid back all your money + 85% of profit. For example, if at the beginning of the trade you choose to trade $10, then if your prediction is correct, then you will be paid $18. Otherwise, if your prediction is wrong, then you will lose all $10.

Can anyone make $200++ per hour with the Profit Magnet software?
The short answer is: We will be surprised if you can make that kind of money with this software. Like being mentioned, binary options trading is risky, so it will be hard for anyone to earn that kind of money. Plus, we don’t think that whoever created this software is a real trader. But more about that later on.

Is the Profit Magnet software (www.profit-magnet.com) free to try?
It is actually free to access, but not to try. Yes, you can access this software for free, that is by entering your name and email into the website. But then, you still need to deposit money into the recommended binary options broker and we don’t recommend that. In case you are curious, we actually have the screenshot of the member’s area of Profit Magnet (www.profit-magnet.com).

The pop-up ads distract us from seeing the real member’s area of this software, but as you can see, this is actually just a signal service. You will be given a signal after certain time period based on percentage.

Why we don’t think that the creators of this product are not even a real trader
The reason is simple: A real trader must know what they are doing. In other words, the signal must be based on certain calculations, such as indicators, or perhaps news results. Real traders will usually trade based on indicators of charts, like candle stick chart, moving average and so on. Too bad the Profit Magnet software doesn’t even have that kind of feature or indicators that traders can rely on. In other words, while the creators of this app could be good software developers, they are also not even real traders.

We were assigned to Plus Option, which is not a regulated broker
In case you didn’t know, there are tons of unregulated binary options broker out there. Professional traders always choose a real, regulated binary options broker. In other words, the broker must mention the license numbers of their company right on their about page. Regulated binary options brokers will usually have some kind of demo account to traders before any trader can deposit money into the broker. Unregulated binary brokers don’t. We don’t know about you, but in our case, we were assigned to Plus Option, which is not a regulated binary options broker.

Verdict – Save your money, save your time
We don’t recommend Profit Magnet app for 3 reasons:
1. There is no trial version of this product. While it is being advertised as free, Profit Magnet is not really free to try. In fact, you need to deposit money into the broker account in order to see how this software works. Otherwise, you cannot see the signal, and let alone test this program on a demo account.

2. It recommends unregulated binary options broker, and this is a bad idea. You might not know this, but there are so many cases that people cannot withdraw back their fund with unregulated binary options broker. In fact, our readers keep searching on Google trying to figure out how to withdraw their money back once they are inside an unregulated binary broker.

3. It is not created by real traders. We doubt that anyone can profit from the signal service being mentioned on the website. That is because we don’t think that this product is created by real traders. While they could be very good at programming and video creation, but we don’t think that whoever creating this Profit Magnet software know what they are doing.

What if I still interested in binary options trading?
The short answer is: Please, find a binary broker or system that can be tested on a demo account. In case you are new to online trading, all legit forex and binary brokers provide a free trial version of their trading account, known as the demo account to all traders.

In a demo account, you will be given thousands of dollars of fake money so that you can test the robot or strategies for a while before you are confident and 100% ready to put real money on the line. Once you are ready, then you can switch to a real account and then deposit real money into it.

Alternative to Profit Magnet software
We have done our research for almost a year, and find out that Option Robot is the best system for trading. The reason is simple: We know that Option Robot works and whoever created this system know what they are doing. In other words, we 100% think that they are real traders who really want to help.

Don’t take our words for it. You can visit option robot website to test this system on a demo account first. No need to deposit money until you are 100% ready. Or you can also read our optionrobot.com review for more details.

The fact that you are looking on the internet for the Tesler App review, means that you are not aware that this is actually a scam. Tesler App 2 (tesler-app.cc) is just another rebranded version of the TeslerApp software. We had exposed about this software a few months before to our readers in this post

This week, this software had been released again to the web, and before you fall into a binary options scam, we want to warn you that this product is not going to make you money, let alone $237 per hour like being mentioned on the website. 

How the Tesler App 2 works?
You might already know this, but the Tesler App 2 (website is tesler-app.cc) is actually about binary options trading. This is actually a real way to make money online, because yes, by using binary options broker, anyone can earn money by simply choosing call or put. 

While people who can make a ton with binary options do exist, but there is nobody that can make money with the Tesler App 2 software. The reason is simple – because this software doesn’t provide you any real signal plus it is recommending an unregulated binary options broker. 

Want to see what’s inside the Tesler App?
In case you are wondering, we actually have access to the Tesler App 2 software. Yes, like being mentioned on the website, this software can be accessed for free, that is by entering your name, email and phone number into the form.

Once you are inside, this pop-up appears and keep you from seeing the real member’s area of TeslerApp software. You need to deposit money into the recommended broker, that is Options Star Global. 

Did you deposit money into the broker account already? Good luck getting your money back
We found out that there are many people who searched on the web trying to get their money back after being scammed by software like these. Too bad, in most cases, their attempt fail. For a simple reason – Tesler App and Tesler App 2 don’t recommend regulated binary options brokers. 

We have checked on the net and found that Options Star Global is actually not a regulated broker. In other words, once your money is inside, you cannot withdraw them out. In case you didn’t know, regulations mean that you have some kind of license to operate a business. 

You can think about it this way – if you want to operate a retail business or shop in your home country, you need to get the permission from the local government before you can process payment and collect money from your customers. There are thousands of regulated binary options and forex brokers out there. Usually, they will provide you with some kind of free trial version of trading account, known as the demo account. (More about this later). 

Regulated brokers will refund your money, unregulated ones does not

A real regulated binary options broker will refund your money once it is inside. However, unregulated binary brokers don’t. Too bad this Tesler App 2 software doesn’t recommend a regulated binary options broker. In our case, we were sent to the Options Star Global website. However, it will vary depending on your geographic locations. 

This is actually not really free
Another problem with software like these is the fact you cannot test the performance of this software on a trial version of trading account, known as the demo account. In case you are new to trading, a demo account is actually testing ground where you can put the signal service or binary options robot into practice for a month or two before switching to a real account. 

In a demo account, you will be given thousands of dollars of fake money, so you can lose or win as much as you can before depositing money into a real account. One big problem with Tesler App 2 software is they want you to deposit money only to a real account, and not to try this app first on a demo account, which is very risky for any newbies out there. A real forex and binary options broker must provide a demo account first before their traders start putting real money on the line.

Verdict: Tesler App 2 (tesler-app.cc) is not recommended
Based on these points, the Tesler App is not recommended by us. There are way too many cases out there where people depositing money into these fake brokers only to find out that they had been scammed and cannot get their money back. We don’t think anyone can make real money from this Tesler App and let alone generate $237 per hour with this software. This is actually just a cheap attempt to promote an unregulated binary options broker.

What if I still want some kind of software similar to Tesler App 2?

There’s plenty of software out there that can help, but we find out for beginners, the Option Robot is the best. For several reasons:

  • This software can be synced with a demo account and a regulated binary options broker. In other words, you can test this robot on a trial version mode (the demo account), and then make sure that this software works properly first, before putting the real money on the line. 
  • This app recommends regulated binary options broker. Unlike the Tesler App 2 software, the Option Robot software is different. You can test and deposit money into legit, regulated binary options broker. 
  • With Option Robot software, you will have more control over your budget and profit. You can control the risk, the maximum amount that you can put per trade and even better, this software also come with settings such as indicators where you can test and tweak first, in order to get the best winning rate. 
  • The interface of the Option Robot is pretty straight forward and this is actually suitable for newbies. 

For more details, you can refer to our Option Robot review here, or you can sign up for a demo account on the official optionrobot.com website.