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.

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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.

By the time we wrote this post, Spectrum 7 was just launched. Spectrum 7 (spectrum7.co) is created by someone with the alleged name Derek Folsom (and we believe that he is not a real person). This system claims that anyone can make at least $1500++ with his system. That’s actually a bold claim and is quite common lately, especially among tons of automated money making software like this.

For newbies, this is actually a binary options auto trading app (not to mention a trap as well)
Spectrum 7 Technology is just another software that allows you to trade binary options. In case you didn’t know, binary options are basically about making money by choosing call or put. For instance, if you think that the asset, let say EURUSD is going up, then choose call. If you think that the asset, is going down, then simply choose put.

If you spent time learning to trade the markets, let say forex trading, you should realize that there are tons of indicators that can help you making the accurate predictions, whether up or down, call or put. Usually, people will use candlestick charts or stochastic indicators to make the correct prediction, whether a call or put for binary options, or buy or sell for forex trading.

Can trading be automated?
Short answer: Yes it can. While professional traders might prefer trading manually, you can find programmers to automate the software, create custom indicators and run a trading robot for you. Automated trading, while risky, is actually suitable for people who are new to online trading, since it can cut the time and cost of trial and error. Otherwise, if you don’t automate the trading process, you will take years of time to learn to trade from scratch and then see positive results.

Can you really make $1500 per day with Spectrum 7?
The short answer is NO. While making money online is possible and getting bigger actually, Spectrum 7 is actually not the software that you should go for.

The reason is simple – this software is clearly geared for beginners who want to get rich quick. In other words, they are push button seekers who want to make easy money online. We have encountered tons of software like these before and to be honest with you, lots of them are garbage.

Derek Folsom is clearly an actor, the same goes for many testimonials inside the Spectrum 7 website
We already familiar with trading apps like these, and most likely, the person behind the Spectrum 7 video are all actors. Some of them can even be found and hired for $5 at certain freelancing sites.

There is no information about the broker in spectrum7.co website
If you browse the spectrum7.co website, there is no way you can figure out the recommended binary broker. You might not familiar with this, but successful traders will always choose to good, regulated binary options broker. Yes, we all know that users need to deposit money into the broker account in order to make the money, but the problem is, there is no information about the recommended broker in spectrum7.co website. Most binary options trading app like these will only work on certain binary brokers, and our concern is, usually trading app like this will usually recommend a bad, unregulated binary options broker.

A little bit about regulations
Regulations mean that the broker has some kind of license from the local government to operate their business and process payments all over the world, via whatever credit card that you are using. If you deposited money inside a regulated broker, then you will be able to withdraw them again. Therefore, experienced traders will always check for broker regulations in the about page section, before depositing their first $100.

On the other hand, if you hand over you cash to unregulated binary options broker, then you have to say goodbye to your money because unregulated brokers usually don’t follow the law. The problem is, there is no information about what kind of broker that you will be using with this Spectrum 7 software.

Reasons why we don’t recommend Spectrum 7 app
#1: Problem with the broker. You cannot choose a good binary options broker within this app. In other words, once you are inside, a login with the given username and password, you cannot decide which broker to choose from. In most cases, get the rich quick app like this will recommend bad, unregulated binary options broker.

#2: You cannot test this app on a demo account first. Another problem with free software like these is the fact you cannot test the water first with a demo account. In case you are not familiar with trading, you should know that good binary brokers will offer some kind of free trial version, known as the demo account. You will be given fake money inside the account, where you can trade and test the water first before putting real money on the line.

#3: Other than the testimonials on the website, there is no video proof of how this app works. Good software app will always provide some kind of real, genuine screenshot or how to videos on how the software itself works. In other words, if the video is 20 minutes long, then the creator should provide some kind of demonstration of how this app works, such as risk settings, trading styles, indicators and more. Too bad in spectrum7.co website, you cannot find any information on how this app works.

Verdict about Spectrum 7 product and alternative
While we cannot proof that Spectrum 7 doesn’t work, but based on our past experience, if one product sounds too good to be true, then it usually is. Expect to get your money dry quickly once you’ve deposited money into spectrum7.co website.

Find products that you can see what you will get
Real, legit binary options software don’t have outrages claims on their website because there is no need to do so. Plus, you can even see how the software works on a demo account before depositing real money on the line. We highly recommend Option Robot. Check out the Option Robot homepage here or you can read our detail review about this app here.

After looking at the video sales letter, as well as the inside of Tesler App, we don’t recommend this product to our readers at all. Some people out there might pitch you that this Tesler binary options app is the best automated robot, but we will tell you that is not the case.

You see, binary options trading is not a new thing and there are already tons of software like these being sold online in the past few years. Since then, some of these apps are getting improved from one time to another, some of them don’t.

While making money online is real, and in fact is getting bigger every year, too bad falling into Tesler app scam is actually a big mistake for newbies.

Tesler App is actually about binary options trading
Like being explained before, Tesler App is a binary options auto trading software. Trading currencies or stock is not a new thing. In fact, there’s tons of resources and information about those all over the web, whether free or paid.

Binary options trading, on the other hand, is a new style of trading, where you just need to choose whether to call or put. By using certain indicators, as well as analyzing the results of news, you can tell whether the price of a certain asset is going up or down. For instance, if you think that the currency pair, let say, EURUSD, is going up, then choose call. Otherwise, if you think that this pair is going down, then choose put.

What is automated trading
If you are into trading for 2 minutes, you should realize that indicators can help you making the decision whether when to buy or when to sell. Therefore, if you can use software to trade, then you can automate the process. But still, most automated trading software being sold on the net are a complete joke, based on our research and experience.

Tesler App is actually about binary options automated software
First of all, the claim on the Tesler App (tesler.co) website is obviously a fake. There is no way you can earn $237 per hour with binary options trading, unless if you deposited tons of money inside your binary broker account.

The first thing when we saw the Tesler App website, we thought that they had created a mobile app for binary options. Heck, there is even buttons to download this app on Google Play. However, once you clicked on the website, they will send you to a page that almost looked like that it was broke.

The trading app itself is so simple that nobody will be able to profit from this
Another issue with Tesler app is the fact the trading software itself doesn’t give you full control over your budget or what kind of indicators or strategies that you want to choose. All you can see is set some “strength above” number. We don’t think that anyone can make money with this app and we also don’t think that the creators themselves know what they are doing.

CFD Stocks is actually not a regulated broker
If you choose to use this app anyway, you will be asked to deposit money into the recommended binary options broker, called CFDStocks. CFDStocks is actually not a regulated binary options broker. In other words, once your money is inside, there is no way to withdraw them back.

In case you are new to trading and broker selection, you should realize that there’s a big difference between regulated binary options broker and unregulated ones. Regulated binary options broker gets their license from government agencies, such as CySEC, ASIC or FSA UK. Their license numbers are stated clearly in their about page, as well as the agencies involved.

Unregulated binary brokers on the hand are risky. They don’t follow the law and once your money is inside, there is no way to get them back.

Red flags about Tesler App
#1: There is no way to control your risk. As you can see above, the interface of this app makes no sense on how this product can make you money, let alone control your risk. If you are into trading for 2 minutes, probably you will realize that there are no trading systems in the world that can guarantee 100% winning rate. There is always chances that you will lose your money sometimes.

#2: You cannot choose a good broker here. Like being mentioned, usually binary options products like these recommend unregulated binary brokers. Even worse, Tesler App recommends only one broker, which is a massive red flag for us.

#3: It is actually not 100% free. The only thing that is free here, is the fact that you can sign up for free, in exchange for your phone number and email. However, in order to test and see how this software works, you need to deposit real money into the recommended broker account, which is very bad.

Verdict about Tesler App product
This is actually just another pitch for newbies to jump into binary options trading. Newbies who are new to making money online want results fast and they want to those to be automated. Even better, if all the systems are free.

Where to go from now?
Real, legit binary options software don’t have outrages claims in their website because there is no need to do so. Plus, you can even see how the software works on a demo account before depositing real money on the line. Check out our #1 recommended software here or you can also see our tutorial section for more information.