Option Robot Review- An Authentic Analysis For Option Robot Scam Check
Option Robot is an auto trading software comes with numerous advantages that help traders to trade the financial market smoothly.
We are here with an authentic analysis on Option Robot Review and to test its legitimacy.
There are many Automated Binary Options Trading software in the trading marketplace and this is one of the Best Binary Options Robot which has been running for a long time with its own trading strategies, rules, and regulations.
The Option Robot automated trading software still holds a remarkable and trusted reputation for traders looking to trade using binary options. If traders trade Binary Option without knowing proper strategies, it will result in losses. Proper trading strategies help traders to earn maximum profit in minimum time.
Option Robot is the 100% automated trading software for binary option as per their claim in their official website.
Binary Trading on Crypto assets is also accepted by this Robot software. Although, you will not able to find this information from their website.
They are partnered with a couple of Forex and Cryptocurrency Trading Platforms.
Moreover, if you are interested to trade CFDs (Contract For Difference), then you can trade with Forex Robot which is another associate platform of Option Robot.
If you are into trading binary options, currency trading, or cryptocurrency and wondering how to start and who to trust, the answer is quite simple: be a part of Option Robot Auto Trading Software.
So, before starting your trading through Option Robot, I will suggest you go through this article at least once.
Option Robot Review – Auto Trading Robot
High Capital Risk Is Involved In Financial Trading
Option Robot is a legitimate auto trading platform for binary options. They started their journey in 2014 with their proprietary platform.
It came up with new updates in 2015. In 2017 this was one of the top 3 automated trading systems for the binary options industry and even now this is popular in the trading market.
You can say that this product or platform stands out from other products in the market. This trading platform offers 3 trading systems as well as 6 indicators.
We will describe all these parts in the middle of this review article. You must have an active internet connection and your web browser open for the robot to work.
Option Robot introduced itself with various handful features. Their Demo Account facilities are not available at this moment. Option Robot will work with your ideas to meet your goals.
This 100% automated trading software has a broker list compatible for all traders. Traders will find a list of currencies pairs and cryptocurrencies based on broker selection which are acceptable by Option Robot.
Traders also can find the minimum deposited amount, requirements and a lot of information through Option Robot site.
This information is crucial for anyone who is looking to trade through this platform and not many trading platforms have this option.
It not one among the usual scam signs that you would have come across all these days.
Why Option Robot
- Minimum Deposited amount $250
- Invest Per Trade $10
- Maximum Trade $10
- Winning rate of 83%
- Simultaneous Trades: Minimum 1 and Maximum 10
- Signals Time Frame: 60 Seconds, 5 Minutes, 10 Minutes, 15 Minutes, 30 Minutes,60 Minutes, 4 Hour and 1 Day
- Compatible and trustworthy Brokers
- Compatible and trustworthy Brokers
- Accepted for UK residents
- Available mobile trading
- A broker can be selected by the trader instead of auto allocation
- Traders have control over the platform
- Profitable 3 money management system
- Nicely laid out platform for traders
- Six Trading indicators and algorithm
Trading binary options carry high risk and this trade is not even suitable for all traders.
The robot works for traders to minimize the trading risk.
The result can vary based on many conditions, so before trading keep your emotion aside.
By the help of this auto trading software, traders can trade without holding any auto trading experience.
Login and Sign Up Process
Registering for an account is for free.
To begin the sign-up or registration process you need to click the “VISIT OFFICIAL WEBSITE” button below.
The “Option Robot” official home page will open.
High Capital Risk Is Involved In Financial Trading
After opening the main homepage of Option robot, you will find two option on the right side of the home page.
One is indicating the LOGIN and another one is indicating the OPEN ACCOUNT.
If you already opened your account with Option Robot then you will simply click on the “Log in” button.
To create a new account you have to click on “OPEN ACCOUNT” button.
After clicking the “OPEN ACCOUNT”, a new page will open and you will find a form where you have to fill your personal information.
You have to put your First and Last name along with your email and contact details.
Before clicking on the SIGN UP button you must agree with terms and conditions giving by the Option Robot authority.
After login, you will get a compatible broker’s list.
This is mandatory to know that, the broker will vary county to country.
You can open an account with your desire broker simply giving your existing Email and password.
That means you don’t need to create a new password for each and every broker.
You can Log in with multiple brokers at the same time but to perform trade you have to choose one broker.
You can switch from one broker to another broker for trading.
As the Demo option is not available now, so to start the Auto-trading you have to deposit the minimum amount of $250.
After depositing the amount you are ready to trade with Option Robot.
Demo Account and Advantages
Demo Account will allow you to test the platform even before any financial or bank details are shared.
In the marketplace, there are many trading robots that are available.
Out of all the scams if this robot is a genuine one, then its features are meant to showcase the same.
With a demo account, you can practice all the features and how this robot software works.
Practicing on a demo account can reduce mistakes because through demo account traders will understand how the whole system works perfectly.
Traders will find exactly the same signals and be set in Demo Account available in the “Real Money Mode”.
The main two differences between the Real account and the Demo account are –
In Real Account, the percentage of the payout will always fluctuate depending on the broker’s current return percentage for each pair and expiry time. Where in Demo Account there is no fluctuation in payout percentage.
In a Real Account, the price feed comes directly from your linked broker account and this is not available in the Demo Account.
In the home page of this trading site, there is a screenshot of a demo account.
But Option Robot has deactivated the demo account for now. They closed their facilities after hearing negative reviews from different traders.
Trader’s claim was not to have any similarity between the Option Robot Demoaccount and the real account.
But, few of their supported brokers are giving demo facilities.
If traders want, they can open an account from them and practice trading.
But our recommendation is that Option Robot should provide a demo account again because at least traders can get knowledge of the whole system and how to use the system by practicing with a demo account.
CFD Trading By Option Robot
We already know that Option Robot is providing auto trade for binary options, so you can’t trade CFDs directly through Option Robot.
But if someone wants to trade CFD, then they can trade through ForexRobot, an associate auto trading platform of Option Robot.
You can read this Forex Robot Review for getting more knowledge.
You can use the same trading indicators to produce the same signals but use one or both instruments to place a trade on an underlying asset like a forex pair.
Some of Forex Robot features to trade CFDs are:
You can trade on the difference in price at the time the contract was open and closed.
You can trade with leverage allowing you to trade with more money than you have.
You can also set a “Stop-Loss”, “Take Profit” and “Leverage Multiplier” to suit your trading appetite.
You can also trade cryptocurrencies.
No fixed expiry times.
Weekend trading with Cryptocurrencies.
High Capital Risk Is Involved In Financial Trading
Supported Brokers
Yes, just as mentioned above, it was quite impressive to see how traders have the option to choose brokers from the available list.
This gives an additional opportunity for traders to choose brokers according to their needs and wants.
Having that extra information about your broker who you are trading through will definitely make you feel more comfortable with the money you have invested.
At the end of the day, it is the hard earned money of yours that has to be taken into consideration while comparing other benefits offered.
On the signup form, you must choose one of the compatible brokers to perform your trading.
Keep one thing in your mind that, you cannot use your existing broker account with Option Robot.
Only new accounts made via Option Robot are eligible.
Option Robot is able to work with these following Brokers.
After analyzing these brokers we found that Option robot also works for Cryptocurrency and CFD (By Forex Robot).
Please note that all brokers are not supported for every region.
CAPITAL TRADERS broker established their business from 2017.
They have their proprietary trading platform.
They have 6 account types to perform the trade.
The minimum deposited amount is $250 and the minimum withdrawal amount is $50.
Minimum trade size is from $5.
They are providing Cryptocurrency and ICO.
Withdrawal Info –
E-Wallet: (3-7) Days
Credit/Debit Cards: (3-7) Days
Bank Transfer: (3-7) Days
Deposit/Withdrawal Methods: Bank Wire, Credit/Debit Cards, Paysafecard, Skrill, Neteller, Qiwi, Yandex Money.
24 Option broker established their business from 2009.
They use Meta Trader 4 and Web Trader as their trading platform.
Demo account is not available to practice trading.
The minimum deposited amount is $250.
There is no minimum withdrawal amount.
You can perform the trade in Metatrader 4.
They are offering Crypto assets.
Withdrawal Info –
E-Wallet: (3-7) Days
Credit/Debit Cards: (3-7) Days
Bank Transfer: (3-7) Days
Deposit/Withdrawal Methods: Bank Wire, Credit/Debit Cards, WebMoney, Skrill, Neteller
KONTOFX broker established their business from 2018.
They have their proprietary trading platform.
Demo account is also available to practice trading.
The minimum deposited amount is $250.
Three account types are available in KONTOFX.
They are offering crypto assets for their traders.
Withdrawal Info –
E-Wallet: (3-4) Days
Credit/Debit Cards: (3-4) Days
Bank Transfer: (3-6) Days
Deposit/Withdrawal Methods: Visa, MasterCard, Maestro, Wire Transfer.
TRADE TORO broker established their business from 2018.
They use Trader Soft as their trading platform.
The minimum deposited amount is $500.
They are offering five types of trading accounts.
There is no minimum amount for withdrawal.
They are offering crypto assets for their traders.
Withdrawal Info –
E-Wallet: (3-4) Days
Credit/Debit Cards: (3-5) Days
Bank Transfer: (3-10) Days
Deposit/Withdrawal Methods: Bank Wire, Credit/Debit Cards, Neteller, Skrill.
GFC INVESTMENT broker established their business from 2012.
Demo account is not available to practice trading.
The minimum deposited amount is $250.
The minimum investment is $25.
There are 5 types of trading account.
The minimum withdrawal amount is $100.
They are offering Crypto assets and Forex currency.
This is a web-based platform so no need to download software.
Withdrawal Info –
E-Wallet: (5-10) Days
Credit/Debit Cards: (7-10) Days
Bank Transfer: (7-10) Days
Deposit/Withdrawal Methods: Bank Wire, Master Card, Credit/Debit Cards, WebMoney, Skrill, Neteller.
BRIGHTER TRADE broker established their business in 2018.
Demo account is not available to practice trading.
The minimum deposited amount is $250.
Minimum withdrawal is $100.
They are using a TraderSoft platform to perform trading.
They are offering cryptocurrency assets and also forex assets.
Withdrawal Info –
E-Wallet: (5-10) Days
Credit/Debit Cards: (7-10) Days
Bank Transfer: (7-10) Days
Deposit/Withdrawal Methods: Bank Wire, Credit/Debit Cards, Neteller, Skrill.
4XFX is a trading broker offers Cryptocurrency and Forex trading assets.
You can perform trade with 3 different platforms; Webtrader, MT4 or on-the-go from the mobile app.
The minimum deposit amount is $250.
The minimum amount of withdrawal via a wire transfer is 3 000 EUR.
Withdrawal Info –
Deposit/Withdrawal Methods: Bank Wire, Master Card, Credit/Debit Cards, E-Wallets, Crypto Wallet.
BROKERZ was started their business in 2013. You can choose your Forex pairs to perform trade.
This trading broker offers easy and user-friendly platform.
You can perform trade by using MetaTrader4 and WebTrader. Mobile trading is also available.
The minimum deposit amount is $250.
You can use demo account if broker allows this option.
Withdrawal Info –
Deposit/Withdrawal Methods: Bank Wire, Credit/Debit Cards, Bitcoin, Secure Virtual Credit Card, AstroPay Streamline.
In Bank Wire Transfer it will take 2-7 business days depending on the banks geographic location.
TRADERUR is a broker that offers forex and CFD trading for their traders.
You can trade with your favourite forex pair in this broker platform.
The minimum deposit amount is $250.
The minimum Withdrawal amount is $100.
Deposit/Withdrawal Methods: credit cards (Mastercard, Visa), E-Wallet (Skrill, EFT) and Wire Transfer.
INVESTOUS is a regulated and licensed CFD broker. It is regulated by the Cyprus Securities Exchange Commission (CySEC) with a CIF licence number of 267/15.
You can trade with Forex and Cryptocurrency assets by using this trading platform.
The minimum deposit amount is $250.
You can deposit and withdraw your money through Wire transfer, Credit Cards, and Online money payment like Skrill.
Funding through wire could take 2-3 days.
UPROFX is a Forex broker. You can perform your currency trading with the help of this broker platform.
The minimum deposit amount is $250. For wire transfer, the minimum amount for deposit is 500 EUR/GBP.
It will take 5-10 business days to withdraw your money.
UproFX offers different methods for depositing funds: Visa, MasterCard, Maestro, Wire Transfer.
WISE BANC is a Forex broker with more than 200 assets. The platform is easy to use and you can trade world’s biggest assets like EUR, USD.
The minimum deposit amount is $250.
You can choose from a variety of deposit methods. The most popular being the Credit/ Debit Card deposit, through Visa or a Mastercard.
You can also choose to credit your account using one of the following:
- Alternative deposit methods (Entropay Virtual Card, Neteller, BPay)
- Bitcoin transfer (BitSend)
- Wire Transfer
With wire transfer it will take 10 business days for the funds to appear in your Wise Banc account
VIVO TRADER is a Cryptocurrency trading platform. You can even create your own digital currency portfolio.
The minimum deposit amount is $250.
You can deposit your amount with
- Credit or Debit Card.
- Wire Transfer.
High Capital Risk Is Involved In Financial Trading
Option Robot Trading Method
Option Robot has 3 money management systems which you can set while performs trading.
We are going to offer a short explanation of these money management systems below:
This is the safest and most secure method for performing the trade. This method is most suitable for novice traders. Traders who do not want to invest a large amount of money can choose this method. On the other hand, it can be considered the least risky method for a newbie.
Martingale system will allow traders to earn profit faster but at the same time hold the highest risk. Each pair has an independent martingale sequence. This method is suitable for those traders who want to win big trades within a short period of time.
The Fibonacci system is considered as the most accurate system where trader’s trade size will change depending on the win and loss sequence. This system gives the trader the opportunity to win big but also carries the risk of bigger losses.
Trading Indicators and Algorithm
Option Robot has six indicators. Traders can choose their preferred indicators.
You can leave all indicators running at the same time or deactivate few from these.
If multiple indicators are selected at the same time, a signal is only generated when both satisfy each individual algorithm respectively.
The indicators are –
These indicators look all over the market trends. It will search for the current trend of the market. Traders get confused sometimes whether to select the put option or call option. The Robot will determine this via the Trend Indicator.
Often used as a compliment to the TREND indicator, the MACD measures differences between 2 moving averages. Plotting them against history, forecasts can be made. MACD stands for Moving Average Convergence Divergence.
This indicator stands for Relative Strength Index. Simply put, when prices get too high, the majority will sell and when prices are cheap, people will buy. Following the people’s systems is usually profitable. This indicator can also identify the general market trend.
The RSI indicator follows a simple formula:
RSI = 100 – [100 / (1+ Average of Upward Price Change / Average of Downward Price
The system follows both the speed and momentum of market conditions and determines trades based on these factors. The calculation time for this indicator is 14 days. This indicator used for measuring either the crypto is overbought or oversold.
The Williams indicator is what I would call an RSI indicator simplified. It grabs extreme over or undersold areas and attacks them, normally in short positions.
The indicator follows a straight forward calculation being:
%R = (Highest High – Closing Price) / (Highest High – Lowest Low) x -100
The Commodity Channel Index is actually one of my favorite indicators. It bases everything off a given average over a length of time and uses that average to determine trends. The indicators may change positively or negatively depending on the price movement. You cannot use this indicator all alone; you need to combine this indicator with other technical indicators.
Option Robot Settings
Now we are going to show you some secret after analyzing this robot and also after performing several trades which has already proven to be successful several times.
Here are the Option Robot best settings for guaranteed profits depending on your starting balance and also a trading strategy –
Balance $250 – $1000
Method: Classic
Expiry: 60 sec- 5 min or 30 min
Trade Amount: $20
Max Simultaneous Trade: 1
Indicators: 1 only (prefer RSI or MACD)
Balance $1000 – $5000
Method: Fibonacci
Expiry: 5min or 30 min
Trade Amount: $25 – $50
Max Simultaneous Trade: 2 – 5
Indicators: 1 only (prefer RSI or MACD)
Balance $5000+
Method: Martingale
Expiry: 60 sec or 5 min
Trade Amount: $50 – $500
Max Simultaneous Trade: 3 – 8
Indicators: 1 only (prefer RSI or Trend)
Option Robot Best settings
There are multiple settings available in this automated robot.
All settings are giving excellent results.
But Option Robot is suggesting the best setting for their traders.
According to them, Option Robot Best Settings are –
Risk- Medium
Indicators- TREND-MACD-RSI
Max Trades- 2
High Capital Risk Is Involved In Financial Trading
Trading Assets
Option Robot works with currency pairs.
Traders can select their given currency pairs.
Besides this, they also accept Cryptocurrency assets.
The choice can be one of the pairs or can be more than one or can be all of them which I will mention below:
- EUR/USD
- USD/CAD
- EUR/JPY
- EUR/GBP
- GBP/USD
- USD/CHF
- USD/JPY
- AUD/USD
There are also many assets which they are providing according to brokers.
Some brokers accept cryptocurrency and some accept CFD while some brokers accept both.
In their main website, they gave only Forex currency pairs List.
After login in their robot section, you will get a complete assets list after selecting the broker.
Trading Expire Time and Simultaneous Trade
The trader can choose what expiry times this Option Robot auto trading system will use for generating signals.
The choices are 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours and 1 day.
Different brokers have various available expiry times.
The trader can also set the robot on how many simultaneous trades can run at any given time.
This can be set from 1 to 10.
Complete Overview On Option Robot Settings, Dashboard and Use
Option Robot Mobile Trading
Option Robot is legal browser-based software.
If you want then you can trade with tablets and mobile devices.
So, this is really helpful for those traders like me, who love to travel and also love to trade.
I already mentioned before that, active internet connection is needed to perform your trade. You cannot work by sitting offline.
This Option Robot is Mobile compatible.
There is no IOS and Android application for Mobile device.
You can directly trade via a mobile browser.
Option Robot is also compatible with all devices or operating systems.
High Capital Risk Is Involved In Financial Trading
Simple Withdrawal Options
Apart from keeping everything so simple, withdrawal of your money is also as simple as fund transfer.
The broker will directly transfer funds to your bank account as and when you raise the withdrawal request.
You can withdraw your profit at any stage by clicking the “Withdraw” button within the Robot Trading Platform.
From there you will be taken to your linked broker account withdrawal page.
Follow the withdrawal instructions which I mentioned in the broker’s information.
You will find their withdrawal methods in that list.
And another option used is Neteller prepaid credit card- this is used by those who do not want to pay tax.
This card has a Master Card flag and thus can be used all over the world.
This looks to be a good binary options auto trading platform or probably the best one that we have ever come across.
This gives a lot of control to traders and thus the confidence level on the platform is high.
Things are in our control and can be used in the right way according to various needs.
Customer Support and Live Chat
Option Robot customer care support always care about their traders.
They take feedback from their traders if they are satisfied or not.
Option Robot’s Free Account is a true testament for all traders.
When you will visit Option Robot website, then you will get a pop up Live Chat window of Facebook Messenger where you can chat via your Facebook account.
You can easily ask your questions.
The chat system is available for 24 hours and you will get replied immediately.
You can also query them via their email address.
The platform also offers a detailed FAQ section as well as a blog which can be used as a trader’s resource.
Advantages and Disadvantages
Already we have given a detailed explanation in our Option Robot Review where you can see there are many advantages as well as some disadvantages of this auto trading software.
Here we are giving key advantages and disadvantages of Option Robot and it will help to make your decision perfect –
Option Robot is Free to use. The only requirement is an active internet connection.
You can open a free account and trade will start after depositing money.
6 powerful indicators with 3 Money management Systems.
Excellent live chat support with customer care facilities.
Easy to customized the trading platform.
Browser based software so do not need to download in your trading device.
Some claims that the Option Robot has unrealistic return through demo account. This return does not match with the Real Account. So that, they deactivated their demo account version for traders. But we think that demo account is helpful for any traders and anyone can get proper knowledge on the platform by practicing with demo account.
Option Robot Software allows a limited number of Forex Currency Pairs, Cryptocurrency and CFD for trading Binary Options but sometimes traders interested to trade other assets. Though Cryptocurrency and CFD brokers are also available but failed to get any information through the website.
How to Use Option Robot (Tips and Tricks)
Some traders objection is that they are losing their investment through the auto trading robot.
Yes, we know that there are many scam robots in the market. But sometimes, traders also make mistakes while trading with auto trading software.
We are going to provide some guides and tips for reducing your risk when you use the auto trading software –
- Do not over-rely on Auto Trading Software
- Fundamental analysis is needed before entering into the trading market
- Avoid investing in a neutral market
- Try to invest in Low volatility FOREX currency pairs
- Avoid opening multiple trades at the same time
- Invest low before taking a huge risk
- Always test before executing any new trading strategy
- Choose your trading system depending on your strategy and risk management system
Is Option Robot Scam or Legit site?
What makes the Option Robot stand out? The answer is simple- The Legitimacy of this site.
This is not one among the usual scam signs that you would come across all these days. Sometimes Option Robot is indicated as a scam because of the lack of information regarding past trading history, assets and so on.
After doing research we can conclude with a big “NO” because Option Robot does not show any fraudulent activities. They have been around more than 3 years.
We really liked their transparency. The same Robot works differently for different brokers.
Some traders win rate is high and some lose their money. The trading robot works depending on your trading strategy, trading time, tools and indicators.
As I mentioned before, don’t rely much on the auto trading platform.
Keep balance both of your trading robot and trading education. Apply your strategy rather than copying others without any knowledge.
Conclusion
After doing backtesting for a long time and investigation, we can conclude, this platform is rated 4.5 out of 5 for its flexibility, ease of use, transparency, level of control and other attractive options.
It is ideal for both novice and experienced traders.
It’s time to start trading successfully through genuine platforms irrespective of how good you are in binary options trading.
Click the link below now and start experiencing all the above-mentioned features!
