Optionsxo robot review best binary auto trading brokers
The firm does also offer an additional amount of funds for getting a friend to create an account. The exact amount will vary depending upon the account your friend signs up for. As with all brokers there are a range of accounts available with different features available depending upon the amount of your initial deposit.
However, the best account is, without doubt, the platinum one. The deposit level on this account is much higher to ensure that only serious traders have access to this account. The rates of return are at least four percent better than the opening offering and it allows access to a wide range of educational materials, trading support and even some additional bonuses which can provide you with some valuable additional funds; although they will come with conditions.
OptionsXO have worked hard to create a wide range of trading opportunities. You can choose to invest short or long term depending upon your needs and the state of the market. You can also choose between a wide range of trading options, including price direction prediction, specific price or even defining boundaries. You are also able to trade in almost any type of asset you like, this includes currencies and commodities. Perhaps one of the best features of their site is the ability to adjust a trade whilst it is happening.
You can choose to reduce your risk by ding the length of the trade, doubling up or simply selling it back to the broker.
The range of options may take a short while to get used to but they can offer some attractive and interesting opportunities, including a dedicated educational section which aims to help you know when and how to trade to be as successful as possible. As with most brokers there is a god range of options for funding and withdrawing from your account. The main options are covered along with several digital options. However, withdrawal times can take up to seven days which is very disappointing, especially if you have a premium account where you would usually expect preferential treatment.
You can contact OptionsXO via live chat and receive a friendly, efficient service. The staff are professional and helpful, attempting to offer sound advice without influencing your trading decision. The speed of response is excellent.
However, you can also contact this broker via the phone and this can prove to be an excellent option if you need to speak to them in your native language; they have dedicated support lines for over twenty different countries. Subscribe To Trading Secrets.
Binary Bot follows the Binary. Read more about the platform in the Binary. Auto trading software does require a small manual element in setting up, but once that is done — as the names suggests — the trading is automated. This form of trading is generally very similar to robot services.
A trader using automated software will first setup the software based on the type of trading they are interested in. So the level of investment, the type of assets to trade and the level of risk. Once configured, the software can be left to place trades based on the settings given.
The difference being that when auto trading software spots a signal, based on data analysis, it will open a trade. A signal provider will simply highlight the trading opportunity, but leave the actual opening of the trade to the user. Automated software therefore, generates signals based on the algorithms it uses, and will open and close trades based on those algorithms. There are also services that will allow trades to be opened based on a real-life binary options trader.
Providers will offer a list of live traders, and publish their results. Users of the platform can then decide to copy those traders — choosing levels of risk and investment to suit their own needs. The automated nature of this style of trading is fraught with danger. If ever a trader hands control of their trading over to someone else, the level of risk grows hugely. Our scams page details some of the red flags to look for including a list of scam services , but auto trading in particular attracts a lot of scam operations.
Here are a few reasons why:. Warning sings of a scam will include a lack of transparency results that are not verifiable , forcing users to use a particular broker, and the most obvious — the promises of guaranteed or very high profits. If it was easy, everyone would be doing it. Tread very carefully if proceeding with auto traders. The risk of scams is considerable. Other Auto Trading Software Auto trading software does require a small manual element in setting up, but once that is done — as the names suggests — the trading is automated.
Copy Other Traders There are also services that will allow trades to be opened based on a real-life binary options trader. Robot and Auto Trading Scams The automated nature of this style of trading is fraught with danger. Here are a few reasons why: