Binary Options Robots
With the growing popularity of binary options trading, the availability of tools such as robots have enabled some investors to increase their success rate. Automated (auto) binary options robots are often free to download with popular trading software and platforms such as MetaTrader 4 (MT4). They are also widely available in a range of jurisdictions including the USA, Australia and Nigeria. In this guide, we’ll look at how binary options robots work, what their benefits and risks are, and how to compare them.
Best Binary Options Trading Robots
These are the 4 best binary options robots to use for automated trading:
-
1
Pocket Option50% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, AirtelUSD -
2
Videforex20% to 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
3
BinaryCent20% - 200% deposit bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500VFSCCFDs, Forex, Stocks, Cryptos, Options, CommoditiesOwnVisa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum PaymentsUSD -
4
World Forex100% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.01 Lots1:1000SVGFSAForex, CFD Stocks, Metals, Energies, Cryptos, Digital ContractsMT4, MT5Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, VoletUSD, EUR, RUB
Here is a short summary of why we think each broker belongs in this top list:
- Pocket Option - Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
- Videforex - Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
- BinaryCent - BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
- World Forex - World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Jemma Grist, Reviewer
Pocket Option Quick Facts
| Bonus Offer | 50% Deposit Bonus |
|---|---|
| Minimum Deposit | $50 |
| Payout % | 92% |
| Expiry Times | 5 seconds - 4 hours |
| Copy Trading | Yes |
| Platforms | Web, MT4, MT5 |
| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Account Currencies | USD |
Automation
YesPros
- Extremely fast and smooth sign-up process that takes less than 2 minutes
- The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
- The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
Cons
- Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
- You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
- Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
Videforex
"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "
Videforex Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Minimum Deposit | $250 |
| Payout % | 98% |
| Expiry Times | 5 seconds - 1 month |
| Copy Trading | Yes |
| Platforms | TradingView |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Automation
YesPros
- Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
- Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
Cons
- Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
- The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
- The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
BinaryCent
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
BinaryCent Quick Facts
| Bonus Offer | 20% - 200% deposit bonus |
|---|---|
| Minimum Deposit | $250 |
| Payout % | 95% |
| Expiry Times | 5 seconds - 30 days |
| Copy Trading | Yes |
| Platforms | Own |
| Instruments | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
| Account Currencies | USD |
Automation
Centobot for binary optionsPros
- Copy trading and binary options bots are useful for beginner traders
- Accepts a wide range of funding methods, including cryptos and e-wallets
- Simple and straightforward proprietary platform for binary options trading
Cons
- Not overseen by any reputable regulator, raising risks and reducing customer protections
- The $250 minimum deposit is higher than most binary options brokers
- Not available to traders based in the US
World Forex
"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
World Forex Quick Facts
| Bonus Offer | 100% Deposit Bonus |
|---|---|
| Minimum Deposit | $1 |
| Payout % | 100% |
| Expiry Times | 1 minute - 7 days |
| Copy Trading | Yes |
| Platforms | MT4, MT5 |
| Instruments | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Account Currencies | USD, EUR, RUB |
Automation
YesPros
- Demo account
- Educational content
- Low deposit of $1
Cons
- Weak regulation
- No negative balance protection
- Withdrawal fees apply
How Binary Options Robots Work
An automated binary options trading robot, or automated binary robot (ABI), is an intuitive piece of software that combines signals with auto trading capabilities. There are numerous legit binary options robots available, many of which can be accessed via a free trial or demo account within respective software.
Binary options bots are algorithms, written in languages such as Python. The software scans the markets and attempts to identify profitable trades, before executing orders automatically. This feature is particularly attractive to investors who prefer low-effort trading practices.
Robots are commonly found in MetaTrader 4 and other trading platforms, at various brokers. They are also frequently being developed and updated, with many different versions available to download. For example, with popular broker IQ Option, the ‘IQ Option Binary Options Robot 1.11.0.0’ is currently available. The Option Robot is another interesting solution with an 83% average win rate.
Users can also configure the robot’s settings to suit their trading styles, for example the level of risk or type of option. It’s sensible to use a demo account to determine what the best settings are for the robot that you wish to use.
Traders should note that binary options robots can be inherently risky, as they cannot guarantee profits. Scams are also rife, where beginners in particular are lured in with the promise of guaranteed profits. Brokers are, of course, keen to promote robots because they increase trade volume; but before you start using one, it’s important to make sure you understand how it works and what features to look out for.
How To Compare Binary Options Robots
Many binary options trading robots are free to download online. The guide below outlines some key points to consider before you start trading.
Tools
One thing to look out for when comparing binary options robots is the tools they have at their disposal. This might include risk management features such as stop losses, or real-time price notifications. It’s worth checking out reviews of the software or even an online forum, to help you determine the overall performance of the bot.
Fees
Robots can be free or paid for, depending on the provider. Note that the performance of the robot is not always determined by how much you should pay, so the price alone should not influence your decision. It’s worth checking out the best free or paid binary options robot providers on recent online reviews from 2020 or 2021.
Traders should also be aware of providers who claim that their robots are free, yet require you to register and make a deposit in order to use it.
Markets
Whilst some robots may support a variety of markets and assets, others may only be suitable for forex or stocks. When choosing a bot, make sure that you check that binary options are supported, as this may not always be the case.
Customer Support
If you encounter an issue with your robot, it’s important that you have access to quality customer support with your broker or provider. Always check the support hours offered and what contact methods are available. Ideally, you want to start trading with binary options robots that offer a 24/7 customer support service in case you encounter any problems at the weekend.
Mobile App
Today, many investors prefer to trade on-the-go from their mobile devices, giving them the ultimate flexibility and freedom to monitor their trades from anywhere. If this is important to you, make sure that the binary options broker you choose offers their platform on a mobile app. Typically, you can also manage bots from mobile platforms as well.
Strategy Support
Traders typically prefer to implement their own strategies, so having a robot that offers a good level of control is particularly useful. To find out how you can create your own binary options robot strategy, check out learning resources available at your broker or the bot provider.
Some of the top third-party specialist binary options robots in 2024 include:
Specialist Binary Options Bots
Pros Of Binary Options Robots
There are several advantages of investing with binary options robots:
- You can choose your own signal provider
- Robots do not need to rest or stop
- Emotion does not come into play
- Robots can place trades rapidly
- Cheap services are available
- No fatigue-based errors
Cons Of Binary Options Robots
There are also several key drawbacks to note before you start trading using a binary options robot:
- May blindly follow parameters even if the results are not favourable
- It is more difficult to implement your own strategy through a robot
- Due to the high level of risk, robots are less suitable for beginners
- Scams are extremely common and are often targeted at novices
- Robots are inherently risky as the trader has less control
Final Word On Binary Options Robots
Binary options robots are intuitive trading tools that can help to identify profitable opportunities. Whether you’re trading on high/low or one-touch propositions, a trading robot for binary options can boost efficiency and speed. However, free or paid auto trading software can be risky, so make sure to thoroughly research how to develop a suitable strategy before you start.
FAQs
Is The Binary Options 365 Robot Safe?
Many online resources claim that the Binary Robot 365 offers a high success rate. However, we recommend that traders fully research the provider’s credentials and whether they have any proof to support their claims.
How Do I Create A Binary Options Robot?
Whilst some providers offer the tools to build your own, you do not need to create your own binary options robot – there are programmes already available on sites such as robot.com. Automated trading robots can be downloaded and you can configure them with the best settings to suit your trading preferences.
Are Binary Options Robots Safe?
Binary options are risky but that does not mean they are always unsafe. Make sure to always use regulated brokers with binary options robots and thoroughly research the provider before committing.
How Do I Check If A Binary Options Robot Is Safe?
A great way to check if a binary options robot is safe is to look at reviews from other traders. Online communities and forums are a great way of determining a robot’s performance, popularity and success rate.
What Should I Compare When Looking For Binary Options Robots?
There are many factors that traders should take into account, including the tools available, fees charged, markets offered and customer support levels. More importantly, investors must fully understand the risks involved with using automated trading tools.