Option Robot Review 2020

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Option Robot Review 2020

Option Robot – Review and Trader Feedback

Created by a team of highly experienced software developers in 2020, OptionRobot.com is an automated binary options trading software. This kind of clever technology is built to help traders, by identifying and monitoring trading opportunities, and then actually trading on the users behalf. It’s a particularly good product for newbie traders, who can learn to trade while watching the software work. But it also has a place for more experienced traders too, who might not be a master of a diverse range of different assets, but still want to trade them.

This trading software is one of the leading trading robots in the industry and gives traders the choice of connecting to a selected number of binary options brokers. While most binary options trading robots thrive on marketing hype, Option Robot is different as it relies solely on its ability to use popular technical indicators and proven trading strategies to produce favorable trading results. Option Robot is also different from most trading robots in the industry as it allows traders to configure the software as well. Claiming to produce a win rate of as high as 83%, Option Robot is worth taking a closer look at.

1. Software Overview

Although with an accuracy reaching of up to 83% when on auto trading mode, Option Robot doesn’t claim to offer its users a “magic solution”. Instead, trading signals are based on the use of several technical indicators and predefined trading strategies. Most of the trading robots that are available on the internet today are limited in letting traders adjust the trading parameters. However, this is not the case with Option Robot. Option Robot offers its users the choice to decide which technical indicators which they want to utilize. There is a choice of 6 types of technical indicators to choose from namely CCI, MACD, RSI, Stochastic, Trend and Williams.

The Option Robot also allows its users to use more than one technical indicator. In other words, it will only place a trade when both indicators confirm the trading condition. While the use of more than one technical indicator will result in less trading signals, the signals produced will have greater accuracy.

2. Advantages and disadvantages

Demo provided: You can sign up in just a couple of minutes with Option Robot and they will give you a demo account with 25,000 euros to practice on. A really unique idea for online robots and one that is well worth taking advantage of.

Free Software: The software itself is entirely free to access and use. Once you have signed up and are ready to use the real account, you will need to pick from their list of affiliated brokers and then make a deposit.

High Wining ratio: As a result of the three clever trading strategies that Option Robot offer their clients to use, the winning ratio is higher than with other binary robot algorithms on the market. There is no track history on the website but that’s where the free demo account comes in handy. See for yourself how many trades you win, as compared to losing trades.

Highly configurable Software: The software gives the user a lot of control into how they set it up. As well as a selection of trading strategies, there is also a wide selection of currency types to choose from and timeframes such as the 60 second sniper trade.

Wide selection of brokers: There is an excellent selection of brokers you can choose to work with. It’s worth researching which ones you prefer in terms of the platform and additional services offered.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo

    Only For Experienced Traders!

No verified trading results: There is no track history on the website, but as mentioned earlier as you can encouraged to first use the demo trading account, you will see the results for yourself.

Support available only through email and live chat: There is no phone number available if you have any questions. However live chat is instant and the company promise to get back to you very quickly when you send them an email.

3. Linked Brokers

On OptionRobot’s website, it is listed that the software is compatible with 9 different binary options brokers. The list includes:

  • BDSwiss – Operational since 2020, this binary trading platform is managed by BD Swiss Holdings, a CySEC regulated broker. The broker offers binary trading in addition to CFDs and spot forex trading. Their binary trading platform is powered by the latest generation of the SpotOption trading platform. Minimum initial deposit requirement for this broker is $250.
  • BinaryMate – A relatively young binary options trading platform owned by a Seychelles based company called Affort Projects S.A, BinaryMate first began operations in 2020. The broker uses a proprietary platform and offers binaries with short, medium and long term expires. Minimum initial deposit requirement for this broker is $300.
  • Opteck – A well established binary options broker that was founded in 2020, Opteck is binary options trading brand that is owned by Centralspot Trading Ltd, a CySEC regulated Cyprus Investment Firm. The broker uses a MarketPulse trading platform and requires a minimum initial deposit of $250 for account opening purposes.
  • StockPair – Established in 2020, the Stock Pair brand is owned by a holding company called NXB Financial Services Ltd. Regulated by the Belize International Financial Services Commission, this broker specializes in offering Pair options. Like most binary brokers in the industry, the broker also requires a minimum initial deposit of $250 to open a live trading account.
  • 10Markets – Established in 2020 by an Anguilla based holding company called Whitestone Group Ltd, 10Markets offers traders the opportunity to trade CFDs and spot forex on its MetaTrader 4 trading platform as well. For binaries, the broker uses the SpotOption powered trading platform that offers different expiry times ranging from 60 seconds to one hour. Opening a live trading account with this broker requires a minimum deposit of $250.
  • Binary Online – Established by Zola Ltd in 2020, this broker uses the latest SpotOption trading platform with all its new features. Offering a maximum return of 85%, this broker requires a minimum deposit of $250 to open a live trading account.
  • Dinero Libre – Operational since 2020, Dinero Libre is a binary options broker that focuses on binary options traders from Latin America. The broker also uses a SpotOption powered trading platform and require a minimum initial deposit of $250 to open a live trading account.
  • ZeusOption – Established only recently in 2020, ZeusOption is a binary options trading brand that belongs to FBR Investments LTD. They are based in London, UK and offers binary trading on the SpotOption powered trading platform. The broker requires a minimum deposit of $250 for anyone who wants to open a live trading account with them.

4. Integrated Strategies

Apart the ability to choose the type of technical indicators, Option Robot also gives you the option to select the type of trading strategy that you want to implement. This is a trading feature which no other binary options trading robots in the industry has so far been able to offer.

Altogether there are 3 different types of trading strategies that can be applied, “Classic System”, “Martingale System” and “Fibonacci System”. Among the 3 strategies, the Classic system is the safest. The Fibonacci based system however produces a more accurate result. For those with more of a risk appetite, the Martingale based system would be more suited to them as it is designed to produce faster profits but at a higher risk. Other settings which users of the Option Robot can configure are the expiry times and the number of trades that they want to place.

In short, the Option Robot trading software, apart from the manual trading mode, allow its users to trade the markets with 6 different types of technical indicators and 3 different types of trading algorithms.

5. Cost and Success Rate

As for the cost of utilizing the Option Robot trading software, there is none. The software is available free of charge. However for traders to use the software, they need to have a trading account with one of the linked brokers listed above. These brokers typically require a minimum deposit of $250 before traders are permitted to commerce live trading.

As for the success rate of Option Robot, the developers claim a success rate of up to 83%. Unfortunately, we are unable to ascertain if this ratio is indeed achievable as the developer does not offer any form of verifiable data to back up their claim.

6. Opening an Account

Opening an account with Option Robot is a two stage process. The first stage requires a potential user to sign up with Option Robot. This is done by clicking on the “Open Account” tab and filling up the registration form. The second stage is to open a live trading account with one of the listed broker on Option Robot’s website. Once the trader has deposited the minimum initial deposit amount he will be able to commence live trading with the Option Robot automated trading software.

7. Should I Use Option Robot?

As to whether you should use Option Robot, this depends entirely on your trading preferences. For beginner traders who lack a solid grasp of binary options trading, the Option Robot might be a good fit for them. However for experienced traders, they may prefer to trade the markets manually and conduct their market analysis based on their own experience and trading knowledge. Nevertheless, among all the automated binary options trading software, Option Robot is one of the better ones as it offers its users more control over how the trades are made.

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Option Robot Review – My Experience With This Trading Software!

If you are involved in Binary Options Trading then you must constantly be in touch with the upcoming trends and developments. Software developers come up with new algorithms to further refine and fine-tune the trading process and increase the profitability of their software. In our reviews, we try to bring forth the various aspects of trading and how the software fares in its claims. Today, we review the Option Robot trading software. This review serves to inform you about the pros and cons of using it. Through our vast experience in the field of adjudging trading software and brokers, we can comfortably state that the Option Robot offers safe and handsome returns on your investments. Read on our Option Robot Review to know why you can trust the Option Robot and what are the advantages it has to offer.

Official Website – optionrobot.com

Is the Option Robot Software A SCAM?

To put it across nice and straight, the answer is a big No! Our research concludes that the Option Robot does not show any traces of fraud. Another fact to strengthen our claim is that it has been around for over three years now. Any fraud system cannot continue unchecked for such a long duration. The disclaimers mention the risks and caveats clearly and there is absolutely no intention to hide anything from your view. We really liked this transparency. There are no stock photos or testimonials on the website. We have reviewed so many scam software that this one seemed unusual but in the positive sense.

Option Robot Review – An Insight

When it comes to the success rate, anything above 75% can be considered a fairly good return. The Option Robot comfortably achieves 83% success rate which is the talk of the town. There are many scam software which claims over the top success rates and may seem attractive, but one must not get carried away. On the Option Robot website, there are no wild promises or false sugar-coated statements. There are no misleading videos showing you the rich and affluent side of somebody else’s life. There are no testimonials and reviews from paid actors or identity thefts which the scam systems use so shamelessly.

The Option Robot Software has been consistently delivering top-notch performance. It allows you to choose from three strategies which we would discuss in detail. Plus, you can take advantage of the different indicators which are used by the Option Robot. Option Robot deals with currency trading which take place in pairs. Currently, there are eight currency pairs available to make a choice from. Expiry time choices are 60 seconds, 5, 10, 15, 30 minutes and 1 hour.

The Three Money Management Systems

Option Robot offers three profitable money management and binary options trading systems.

Classic System

If you are an extra cautious person and like to keep your investments safe and secure, this system is best suited for you. This system invests money in trades while being completely agnostic of the past outcomes. If you are content with decent and near linear profits, then you can choose this system. Remember, in binary options trading, the more risky trades generally fetch the greatest dollar.

Martingale System

This system should be your choice if you like to take risks in your strides. The Martingale system could help you fetch faster and perkier profits. For each forex pair, there is an independent martingale sequence.

Fibonacci System

Accuracy is the word that can best describe the Fibonacci system. Greater the accuracy, the more are the chances for your trades ending up winning. The Fibonacci system varies your investment sizes according to the win/loss sequence. What this means is that the system cuts your investment size for the next trades if the previous one ended in a loss and vice versa. This is a way of safeguarding your investments and trade in an efficient way.

Trading Indicators

The indicators are signal readers which help the OptionRobot.com to make decisions. You have the choice to set which among the six available indicators should influence the trading. Any combination of indicators can be used and any number. Below is a description of the trading indicators, Option Robot uses.

Trend Indicator – Whether or not it’s time to call it Puts or Calls, is what this indicator determines. This indicator analyses the market trends and suggests accordingly.

MACD – It stands for Moving Average Convergence Divergence. It is used to forecast events and is a compliment to the trend indicator. It measures the difference between two moving averages.

RSI – RSI or Relative Strength Index indicates to the option robot to sell the asset when the prices get high and to buy them when prices go down. It is reliable and is also called the people system.

STOCH – This system was developed by Dr. George Lane in the form of Stochastic Oscillator. It follows the market conditions and suggests trades according to the analysis.

WILLIAMS – It is the simplified version of the RSI indicator. This system identifies the oversold or undersold areas and targets them in short positions.

CCI – Short for Commodity Channel Index, CCI compares everything with its average over time and uses it to determine the trends.

Advantages of the Option Robot

  1. Choice of trade amount ranges from $5 to $500. This gives flexibility and caters to the needs of all type of traders. The Robot can also be set to make 1 to 8 simultaneous trades.
  2. Choice of brokers is immense. You would not have seen such a transparency with any other system. The brokers are renowned, and a few of them are also regulated ones.
  3. The income that the Option Robot generates is its unique feature. A handsome 83% winning rate guarantees return on winning trades which is enough to boost your income and standard of living.
  4. The various indicators give complete control to the traders to follow the clues and trade based on different parameters.
  5. The Option Robot system offers great support in case you need any. Its customer service is always prompt in giving any support you may need. The analysts are mostly always online and in the rare case that they are not; the contact form can be used.

Money Withdrawals

We have seen a lot of users reporting that they are finding no problems whatsoever in withdrawing their earnings. Different brokers allow different timelines for withdrawal processing, and you may choose the broker which best suits you. Most of the brokers use wire transfer followed by Neteller or credit cards.

How To Start Using Option Robot:

  1. Visit Official Website of Option Robot – optionrobot.com
  2. Click on Open Free Account.
  3. Select broker from dropdown menu & fill that form with your details (First Name, Last Name, Phone No., Email Address).
  4. Proceed further and fund your account with an initial deposit of minimum $250.
  5. Start Auto Trading.

Option Robot Review Conclusion

You may find websites or blogs criticizing the Option Robot. While we respect their views, we beg to differ in our opinion. When a system offers so many renowned brokers to choose from, is it not unfair to doubt their intentions? The professionalism is apparent from their website. There are no exaggerated statements or testimonials anywhere on the website or any sort of false promises on 100% money security. The Option Robot website clearly reads out the risks and benefits. With so many money management systems to choose from, the Option Robot is a complete package for anyone who loves binary options trading. Rest assured that it is not a scam and we have verified its working and found it to be genuine software. Joining the system is as easy as one two and three. So waste no time and be a part of this wonderful software system.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo

    Only For Experienced Traders!

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