BinBot Pro is an automated trading system that consists of 10 separate auto-trading robots. Since being founded in 2016, the software has claimed to provide 90% returns without requiring much of an effort on the client’s behalf. The questions we sought out to answer revolved around the features of the service, the cost, and how BinBot is regarded within the online community.
Overview
BinBot Pro is a binary option robot that uses trading algorithms to make the automated service possible. Sitting back while a robot makes you money almost sounds too easy, but this is what trading robots, EAs, and other online autotrading systems aim to do. BinBot Pro is a collection of trading robots that are designed to earn you money on binary options trading platforms. The demand for these types of services has been growing rapidly lately, with more and more investors turning their attention over to automated trading services. But no two trading robots are created equal.
The service provides more customization options than many others. Instead of allowing a robot to trade on your account day and night, you’ll be able to stop the bot if it is not behaving in a way that is financially beneficial. Since BinBot uses 10% of the account’s balance per trade, the ability to stop the bot on a bad day can help to turn profits in the other direction. A key tip would be to run the robot when you can monitor activity more closely, rather than allowing the robot to run day and night. Scammer bots typically run constantly without supervision and don’t allow traders to change certain settings or pause the robot.
This service offers 8 total currency pairs to choose from, including EUR/USD, USD/JPY, GBP/USD, USD/CHF, and a few others. Overall, this isn’t an entirely large selection, but there are some benefits to trading solely in currency pairs. It’s easier to focus on these types of assets and manipulation isn’t as likely from the broker’s side. Once you’ve opened an account, you’ll be able to customize some account settings that regard risk levels, leverage, and entry & exit stipulations, and choose a specific robot to trade for you (there are 10 total, like Bullish Intervention and xProfit). From there, the auto-trading robot will begin placing trades and you’ll be able to review a history of winning and losing trades that have been placed instantly.
Service Cost
To use the service, you’ll need to follow the three easy steps outlined on the website. The first step entails choosing a broker from the following list:
- BinaryCent
- VideForex
- RaceOption
All three options belong to Finance Group Corp and advertise 90% returns while asking for an initial $500 deposit into the trading account. Most brokers offer an entry-level deposit of around $250. The BinBot Pro software is virtually free (aside from the listed 0.01 or $1 minimums), but traders will still have to meet those larger deposit requirements to use the software.
It’s always a good idea to start with the minimum deposit amount and then to watch how the service performs before depositing more funds. Each of the robots provides a demo that allows traders to witness them in action, so this could certainly help with making the decision as to whether the investment is worth it.
Conclusion
BinBot Pro gives us several reasons to believe that it is a trustworthy software – the brokers that are partnered with are advertised upfront, traders can take more control of the settings, and the bot won the Best Binary Robot award in 2016. While you shouldn’t ever expect a 100% return, the software does advertise high returns that are backed by some users. When it comes to binary options trading bots, BinBot is spoken of frequently. Still, it’s always a good idea to see what others have to say about this type of software since we can learn from their experiences.
BinBot received an overall score of 80/100 on one website, along with mixed reviews from others elsewhere on the web. Here are some comments we found online.
“Great piece of software that has helped me turn some great profits!” -Adam
“One of the best software I have used, simple and very effective. Totally recommended.” -Lester
A few others commented that they wound up losing money. Traders should keep in mind that some of those one-star reviews could be from traders who weren’t entirely prepared to use the software, or who simply left the robot trading without monitoring activity. If you know what you’re doing, then the service can be profitable. BinBot Pro doesn’t claim to make you rich. If it did, then we’d know that it was a scam. The service seems to be one of the more trustworthy options, but people have lost money using this software, so be sure to monitor your account closely and don’t start off with a huge investment. If things start to go south, stop the robot for the rest of that trading day, or pull your investment if your history report shows too much of a negative trend.
This Forex service can be found at the following web address: https://www.binbotpro.com
One reply on “BinBot Pro Automated EA Review”
The first time I read a small and well-organized review on BinBot Pro. I have been trading with this bot for more than a year. The outcome is satisfying however, a larger group of trader does not support automated trading.
Thank you for sharing this.