Binary Options Robots – The Best, Plain Scam or Just Sucks?

Binary Options Robots – Is it a Scam, or Should I Choose the Robot?

I had never heard the term binary option robot until a few days ago. I was intrigued. Aside from my first humorous visions of actual robots trading Binary Options I was not that surprised by what I found. Robots are nothing more than signal providers and auto-traders, more specifically the software that makes them work. A rose by a different name, almost. Robots are a little more advanced than a simple signal service and are a very unique form of trading that encompasses many different types of tools. Automatic trading is nothing new to the investment world, just something new to Binary Options.


What is a Binary Options Robot?

example of a binary options robot
Let’s Define a Binary Options Robot: A Binary Options Robot is an automated trading software for binary options. The software constantly provides Binary Options Signals and trades them automatically on your Binary Options Broker account.

In order to fully explore how robot trading works I started with a simple Google search for binary options robots. I chose the best looking result from the Google search engine and this is what I found. “” (not a real software of course, I left the real details private) is an automated signal service provider and binary options robot. This website is a service for binary traders that places trades automatically into their accounts, similar but not quite the same as copy trading. When you copy you choose a person to follow and copy their trades. A binary options robot is a program that literally takes over your account, can you believe that!


It may sound crazy, but it’s true. One type of robot is a third party program that you download onto your computer. In order for it work you must log into the robot AND have your Binary Options account open as well. The robot program detects compatible trading platforms and takes control. Any signals generated by the service are picked up by your robot and then traded in your account. The robot enters trade information like asset, amount, direction and expiration. It then clicks the enter button and your trade is set. Hopefully it’s a good one.


Another type of robot is much more useful to today’s social copy trader. These are also known as EA’s, expert adviser’s. These programs can be used with MT4 and other types of charting software to generate signals based indicators and strategies commonly used today. This type of robot can be used for copy trading, you can follow the signals as they appear if you want too, but you can also use them as a basis for learning. Choosing a good metatrader expert adviser is the key, one that you know is good and one that you can use as the starting point for a strategy. Add to it a set of rules and money management and you are halfway to becoming a binary options high roller.



Why Robots Might Not Suck

Robots might no suck because they can take the hassle out of trading. The robots are a signal service at heart so if you choose a really good one it stands to reason that profits will soon follow. Anything that can legitimately enhance my trading and provide sustainable profits doesn’t suck in my opinion. The caveat here is that robot providers as a group are just as likely to have a losing streak as anyone else. The best ones and only ones that I use are the ones that generate signals based on standard and accepted technical analysis techniques.



Are Binary Options Robots a Scam?

Some robots are definitely a scam, no doubt about that. First, you have to know my opinion, and the general opinion of about any automated robot or a signal service provides; we don’t like them, unless they provide a legitimate learning experience. At no time is it a good idea to let someone else trade your money for you, especially some robot you find on the internet.The worst robots are the ones that take over your computer. It’s like downloading a virus on purpose! Why would you want to do that? Even though you can still use your computer while the robot is working you never know what kind of hokey pokey nonsense is going on.


Yet, I don’t want to be too harsh against the businesses and people involved, especially those who are really trying to do a good job but come on people, learn to trade for yourself. If you are using Binary Options you really need to do it yourself, this is not investing it’s trading. If you want someone to take your money and lead you to profits, invest in a real retirement plan.


Things you need to know to Avoid Signal Service Scams


One more thing. Binary Options auto trading robots cost money. You have to subscribe to the service and pay a fee, and for what? So you can let someone else lose your money. If all you want to do is lose you might as well save the dough you would spend on a automated robot and have some fun yourself. There are too many free sources of tips, strategies and signals not to mention social trading platforms like CommuniTraders to waste any money paying someone for it. Check out this “famous” AutoTrader for Binary Options review (link above) and see for yourself.



My Last Words On Binary Options Robots

To the creators and operators of robots my hat is off to you. You have created a really remarkable and amazing way to trade the binary options markets. To the potential users of a robot, don’t trust them too closely. In many cases they are nothing more than the same old thing with a new twist. You should never let someone trade for you like that. If you need a place to get started an EA is a good place to do it, just remember to build it into a real trading system. Do the work, put in the time and the rewards will follow. Seeking the easy path often leads to failure. If you need help with something visit the forums at and CommuniTraders. You will find all the help you need from our team of professionals and the hundreds of other binary traders you will find there


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40 Responses to “Binary Options Robots – The Best, Plain Scam or Just Sucks?”

  1. June Says:

    Zenith Options is a Scam. You will not get your money back. Horrible Customer Service.This binary options provider is corrupt.Run in the other direction there are plenty of Binary options providers that offer great service and fast withdrawals.BAD IDEA!!!!!

  2. Susan Says:

    I signed up with Binary Robot after this spiel about a guy giving you $1000. Ti was also called Big Money Giveaway. It was just a come on that you could get a bonus of $1000 from the brokerage. But I signed up, saw no bad review: So here’s one–BINARY ROBOT IS A RIPOFF. I think they are working with the brokerage to take your money. Almost every auto trade they did for you without your “consent” was a loser. In less that 8 hours I LOST HALF MY MONEY! So I shut it down. Stay away.

    • tan Says:

      please everyone out there who looking for an binary option robot platform BEWARE stay away from OPTION FM do not ever listen to their sweet talk for you to deposit money and they will match 100% bonus of your deposit amount. They will on phone in all means talk you into depositing they will promise all kind thing e.g 100% bonus, make 500-1000 dollars a day. There way of talking to you are very pushy always asking for more money. I tell what happen to me 3 weeks ago I deposit $5oo I never saw my 500 bonus in my account at all. All I saw was the robot put 9 losing orders out 10. So I ask them about my bonus where is it and also stop the robot placing orders. they email me back not enough documents to make a withdrawl. So the next days i gave all the paper work they needed and OPTION FM ignore my email. So now im stuck can’t withdraw and can’t stop the robot placing stupid loosing orders. My account was 000000 dollars in no time. after 1 week they rang me again asking to deposit. I told im not depositing nothing until i see bonus of $500 in my account. they told i have to deposit again 500 to get my bonus so i told them i don’t have any more money. You know what they did they hang up on me. Ever since i never heard from them again.
      OPTION FM are scam or even worst they criminals like someone just rob you

  3. Olusade Lana Says:

    I saw an online advert on binary option robot, since i am thinking of investing in playing binary option i was attracted and was thinking of downloading it.
    But now having read this review it no longer look like a good idea to me.
    I guess i will have to learn to play binary option myself without relying on robots.

  4. Vitaliy Says:

    100%! I have a program for manual trading for 60 seconds! I created it myself!

    • Mark Says:

      MORE INFO PLZ! ON:100%! I have a program for manual trading for 60 seconds! I created it myself

    • Craig Says:

      I would like to know more about your manual trade.

    • Lawrence Kotun Says:

      Can I have that your manual binary options trading type of yours?

    • mankov Says:

         let’s try
        program for manual trading for 60 seconds!

    • sandi belisle Says:

      Vitaliy: Can I get some info on your ‘manual’ that you created? Is there a way to get a copy and instructions? I have never done this before so my knowledge is small. LOL Thank you for your consideration.

    • hope Says:

      good. please can you send me the manual 100% 60 second program that you have ?
      please reply via my e mail.

    • Lyub Says:

      Hi Vitaliy,

      Is your program free or you sell it? Then what is the price and how could I test it?

      Kind regards,

    • Aboy Says:

      @Vitaliy Can I have the source code. Willing to pay.

    • Aldis Says:

      Hi, Vitaliy.. would you tell me about your system? please?

    • Villi Pedersen Says:

      Hi Vitaliy

      Is it possible to have copy of 60 seconds program.

    • Villi Pedersen Says:

      Hi Vitaliy
      Possible to have a copyright of your 60seconds program



    • lynette Says:

      Hi, do u mind sharing?

    • Pat Says:

      Hi Vitaliy,
      Iam very much interest to see your program. Please let me know regarding your program. Thanks.

      Cell# 917-535-0140

    • Earl Says:

      I would like to read your findings about your program. If it is 100%. Then it can be trusted to work, am I right? There should be no glitches or set backs called consecutive losses? I am very interseted in what you have to say. Give me an intro and allow me to see for myself and we will go from there. Thank you and I hope what you say is true!

    • George Says:

      i am really interested.PLEASE FIND ME ON SKYPE.

    • Charissa Setter Says:

      I would like to learn if you care to teach me . I have been following Binary Options for 2 years, would like to learn a reliable strategy



    • Arthur Says:

      Have you made any money with it, if so are you willing to give more information on it ?

  5. Andrew Jensen Says:

    The thing that really disturbs me about robots that was mentioned here is that they automatically take the trades for you. I could not have a software just take control like that. Are really all trading robots like that? There should be ones that calculate the percentage chance that a trade will win in a certain direction.

  6. SONNY Says:


  7. John Says:

    Another scam is Auto quick Income. Stay away they scammed $250 in 13 trades!

  8. Mark Says:

    I too tried The Big Cash giveaway but I didn’t accept the bonus. Every trade was a loser so I stopped it and traded manually to win my money back. I was pleased with the fact that I ACTUALLY WON with my limited skill set. I am still learning to recognize trends and best entry points. I work days during some of the best trading hours and really want a reliable robot to help take advantage of day trades. Please, if anyone knows of reliable autotrading robot, let me know. I’d be very appreciative. Thank you.

  9. Jack Alvarez Says:

    Can you tell something more about your manual tradin system? Thanks.

  10. Reggie Says:

    More info on “100%! I have a program for manual trading for 60 seconds! I created it myself!”

    • matthew Says:

      Hi Reggie, tell me how your program is doing.I am so new to this industry.I am not new in bussines and understand at times, things dont always work out right away. Thanks Matthew van leeuwen.

  11. Aime Matunda Pero Says:

    Hi,if I can say something about Beeoptions as a newcomer is the availability of their agent to chart with me online. This is something I was waiting for longtime with But for me, Beeoptions is the best one. So, I conclude that if they are available to chart with me now, I believe that they will be even available every time I need help from them

  12. tom Says:

    Vitality, Can you please share what you are doing? Thanks very much.

  13. Jon Says:

    It does work in principal – providing the signals update and auto trades are executed correctly – and you monitor it closely. Sadly this robot spontaneously stops for no reason and Martingale re-trades are actioned for incorrect amounts. Hence I’ve only managed to stand still on this so far – and I’m a novice.

  14. ken Says:

    it sounds very good until you sign up and pay the money and then you never hear probably never hear from them again along with you not making any money. Most people do not make money with binary and if there are people that are making good money with this that would represent a minority view.

  15. JESUS CANTU Says:



  16. Doug Says:

    Tried out their binary robot in a demo account for about 2 hours Oct 1, ’14. It performed beautifully. Turned the $500 play money into $1,188 > ~ 2 hours. So I signed up with $300 and traded on the auto-bot for real on my own money.
    The results were dismal. 2 out of 10. So I turned it off. Minutes later a call to me asks why I turned it off, and I told them there must be a problem with their ‘bot, it was making irresponsible trades a blind man could see. Why weren’t the results similar to the other day’s practice session? He said I would need to deposit another $1,000 to get that result. Apparently they can scale your win rate to whatever the hell they want in terms of recommendation trades. I had been induced by false pretenses into the fraud of “bait & switch” and did not get the ‘bot results I bargained for. I was cheated.
    I witnessed that they can be awesomely accurate when they want to be, especially on their own short term offerings they alone provide to induce you. Then, I believe, they rob you to supply their own and bigger accounts. I am very upset and cannot recommend the AIP ‘bot providers that did this to me.

  17. Jason Says:

    I am looking for a good binary trader program option fm keeps hitting my card when I told there is no money on it . they said to hold a spot they need to hit it . after they hit it they hit it 3 more times once with a different company like they knew they where blocked by the company I haven’t signed up yet it sounds to good to be true. anybody have any information on rb options that would be nice . please write back.

  18. alex Says:

    what FCA regulated brokers would you use? I am new to trading and I have looked at hundreds
    of binary options but most require a large deposit to the broker first, to regsiter with and some are so hyped up alot of them appear to be scams. Even some of the reviews I am not sure of and if some have been exposed and hence thats why they are infiltrating the internet saying other brokers are scammers. Even Mikes auto trader having seen they use Banc de binary which have had loads of complaints and is cysec regulated, I dont trust. Please can you shed some light as alot of them all seem to be affiliates with expert marketing strategies ..just dont want to lose my money as Im not working full time but want to establish a genuine income online.

  19. Clarence Harris Says:

    I’m a veteran chance of loosing & I told you so.what is best to deal with.

  20. John beld Says:

    google needs to rate the best robot trading companies and which are scams

  21. Bruce Says:

    Ugh, so many people have been scammed by brokers etc. It’s almost enough to turn me away from binary options!

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