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

Binary Options Robots – A Rose By A Different Name, I Say Tomato You Say Ketchup

 What are binary options robots? What are they and how do you use them? Are binary options robots something you should be using? Robots are another growing trend in the binary options community, find out what they are and what we think about them.

 

 

What Is A Binary Options Robot

 I had never heard the term until only 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. 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. These newly evolving services combine a signal with an auto-traders. Automatic trading is nothing new to the investment world, just something new to binary options.

 

 

How these Robots and AutoTraders Work

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 SERP and this is what I found. BinaryAutoTrader.com 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. It is not the same as copy trading. With copy trading trades execute into your account through a link. Any accounts linked to a copy trade account execute all the trades of the master account. A binary options robot is a program that literally takes over your computer, can you believe that!

 

It may sound crazy but it’s true. A robot is a third part 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.  The robot then enters trade information like asset, amount, direction and expiration. It then clicks the enter button and your trade is set.

 

I was concerned at first that my computer might be unusable all day if I were to use the robot but that is not the case. The robot runs quietly in the back ground letting you use your machine as needed. Another bonus of a robot over a copy trader or other SSP is account compatibility. Most robots can be used with a variety of different platforms. Most Binary Auto Traders can be used with platforms like TF Tech Financials (24Option) and  SpotOption.

 

 

 

Why Robots Might Not Suck

 Robots don’t 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 loosing streak as any one else. Not to mention the chances of being scammed. If you do choose to use a robot be sure to do the proper research and find out which one is right for you.

 

 

 

Why Robots Suck

Robots definitely suck no matter why they might not suck. Are you kidding me? First, you have to know my opinion, and the general opinion of BinaryOptionsthatSuck.com, about signal service providers;  we don’t like them, unless they finally prove different. 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, they are not an investment. If you want someone to take of your money and lead you to profits invest in a real retirement plan.

 

Another reason trading Robots doubly suck because they 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.

 

One more thing. Binary options auto trading robots cost money. You have to subscribe to the service and pay a fee. 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 yourslef.

 

 

 

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. They are nothing more than the same old thing with a new twist. You should never let someone trade for you like that. 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 BinaryOptionsThatSuck.com 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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21 Responses to “Binary Options Robots and AutoTraders – 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!!!!!

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  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.

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    • 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

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  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.

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  4. Vitaliy says:

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

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    • Mark says:

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

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    • Craig says:

      I would like to know more about your manual trade.

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    • Lawrence Kotun says:

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

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    • mankov says:

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

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    • 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.

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    • hope says:

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

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    • 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,
      Lyub

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  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.

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  6. SONNY says:

    MARK….REALLY WORK…?PLAY WITH CURRENCY?
    MEAN SOFTWARE?PRICE PLEASE?

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  7. John says:

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

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  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.

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  9. Jack Alvarez says:

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

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  10. Reggie says:

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

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  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 NGRbinary.com. 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

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  12. tom says:

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

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  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.

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