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.

Algo Trading Robot (algotradingrobot.com) is a new make money online product, that promised you to become rich overnight. By the time we wrote this post, Algo Trading Bot is just released. Before you even sign up for algotradingrobot.com software, take your time to read our review here, because we actually don’t recommend this app to anyone.

Algo Trading Robot is about binary options trading
You might already know this, but Algo Trading Robot is actually about binary options trading. Binary options topic becomes very hot in the past few years, that lots of legit and scam products being released to the market, almost every week.

Why would you get impressed with Algo Trading Robot
The design of this product looks very professional that it will impress any newbies. If you visited the website of Algo Trading Robot, the server can detect your IP and display your current location, for better conversion. The CEO of Algo Trading Robot introduced himself as Stanley Nash.

algo-trading-robot
The good news is, Algo Trading Robot is “free”, but with a catch
We have seen tons of similar websites before that claimed their system is “free”. For an obvious reason: they want you sign up the form and then after that, expect to receive follow-up phone calls or email promotions to your inbox. These kind of programs are targeting newbies to who are new to make money online world.

Yes, there are lots of people online who are looking for quick and easy money with just a push of a button, and these people will usually become victims of Algo Trading Robot or other similar apps. Once they realized that they have been scammed, they call it quit. It’s that simple.

See what’s inside the Algo Trading Bot member’s area
If you fill the form on that website, you will be able to access the member’s area. The design looks so professional that anyone without proper knowledge about website design or computer programming will be impressed with the dashboard of this app.

Heck, they might start to think that this software is legit and will make them money without having to work all day (and that’s just not going to happen). In case you are wondering, this is how the member’s area looks like:

algo-trading-robot-dashboard-2

Oh, did you deposit real money? The problem begins there
Binary options software like these claimed that their system is free for good reason – you need to deposit fund inside the associated broker. Once you’ve deposited real money inside it, the problem begins. This app will trade for you automatically, and in most cases, they will drain your money away really fast.

To make it worse, newbies who have zero knowledge about trading and running a real business will have one thing and one thing only in mind – they want to get rich as quick as possible. That’s why, if these type of software does have some kind of risk settings, they will turn it off and then risk as much money as possible. And of course, the higher their risk is, the faster they will lose their money.

Now you want to withdraw your money? Good luck with that
We have encountered tons of binary options products before, and they will usually recommend a different type of broker, depending on where you live and who created the program. The problem with free binary options software like Algo Trading Robot or other similar scams is the fact they recommended unregulated brokers.

In this case, we got assigned to a broker named Option Stars Global which is not regulated. (You can Google their name here). Based on our research, Option Stars is actually a regulated broker, but Option Stars Global is not regulated. In other words, this is actually a fake broker trying to use the brand name of a legit one.

algo-trading-robot-dashboard

A little bit about regulations
In case you didn’t know, regulation means they have a license to operate their business. Think about it, if you want to operate a bank in your country, process credit card payment and more, you need to have a legit, real license from the local government to open your business.The same goes for binary options brokers. They need to have a real license from whatever countries they are operating from. Usually binary and forex brokers get their license from CySEC, ASIC or FSA. (More details here).

If your broker is regulated, they need to obey the rules because their regulations come with terms and conditions from local government. Regulated brokers allow you to withdraw but unregulated ones usually don’t

Verdict: Is Algo Trading Robot recommended?
Short answer: No. For several reasons
1: No support from the creator. Whoever that Stanley Nash person is, he is actually an actor and not a real person. This is quite normal for products like these because the creator itself is not an actor or a trader – they are marketers. Therefore, expect to receive no replies from Stanley Nash or Algo Trading Robot team.

2: Expect to lose money with this software. Based on our experience and more users’ experience, Algo Trading Bot or other similar scams before will drain your money really fast, rather than make you money. Like being said, if you want to try this app, you need to deposit real money, and that’s where the problem begins.

3: The broker recommended by Algo Trading Robot is not regulated. Usually, binary options brokers which are associated with apps like these are just new to the business. They want to grow their business fast, by hiring marketers and selling automated software like these. They haven’t yet obtained any license.

Alternative to Algo Trading Robot and Option Stars Global
The next time you are looking for a forex or binary broker, please, make sure that they have some kind of demo account first before you get started with live trading. Real, legit binary brokers usually have demo accounts where new clients can test the water first, before putting real money on the line.

Click here to read our reviews of recommended brokers or you can also check out our #1 recommended software here, which is free to try on a demo account.

If you read our reviews for a while, you should realize that we recommend our readers to find a regulated binary broker. Most of the crappy binary options products were actually promoting new binary brokers, so they haven’t yet obtained any license. While you can deposit and perhaps make money from their so-called auto trading bot, but in the end, the money will stay in your broker account. In other words, you cannot withdraw them to your local bank accounts, which made the trading app useless. This case is true for 90% bots out there.

Below, we listed our recommended brokers, together with their license numbers as well as the agencies issuing them. All of them are regulated.

 

stockpair#1. Stockpair
Stockpair received their license from several Government agencies. One of them is Cyprus Securities and Exchange Commission. This agency is one of the most popular among binary options and forex traders. At CySec, their license number is 229/14 and they are being registered as Nextrade Worldwide Ltd. You can check it out at CySEC website by clicking here.

stock-pair-license

 

Verdict: Is Stock Pair legit? Short answer, yes. And we highly recommend it.

#2 Daweda Exchange

The license number for Daweda Exchange is being mentioned clearly in their homepage at https://en.daweda.com. You can simply scroll down and see the license number 289/16, under CySec. Yes, Daweda Exchange is really transparent and you can do business with them without doubt. Click here to check it out on CySec website.

daweda-exchange-cysec

 

More brokers will be listed soon.