Binary Options Robot is a piece of binary options trading software developed by a currently unnamed binary options trader.
What does the product offer?
Binary Options Robot offers users what is claimed to be a simple and easy way to make money through trading binary options online. Binary Options Robot is advertised as providing an entirely automated trading solution that has produced an alleged 83% win rate. Binary Options Robot has been designed to operate on all platforms including mobiles and tablets. Further to this it is allegedly able to trade eight currency pairs and on multiple time scales (assuming you have the pro version). Binary Options Robot has been made available as a free or pro version with the free version containing restricted features.
How does the product work?
Binary Options Robot operates based around certain trends that you can instruct the software to monitor. Once it meets the required criteria trades are made in accordance with the parameters that you choose. These trading systems are the classic, Martingale and Fibonacci systems. It is worth noting that both versions of Binary Options Robot are locked to certain brokers with the pro version offering the most variety Top Option, Zoom Trader and StockPair being your only options.
What is the initial investment?
As mentioned above there is a free version of Binary Options Robot however the pro version does cost $79. This does come with a 60 day money back guarantee however this appears to be only vendor backed.
What is the rate of return?
Interestingly enough Binary Options Robot doesn’t offer users information on how much they can expect to earn. Given the advertised 83% win rate however the implication seems pretty clear that you will profit hugely.
Conclusion
I am yet to be impressed by a binary options product and Binary Options Robot is unfortunately no different. There are plenty of claims made but I don’t see any proof to back it up. That having been said compared to some products of this ilk there is plenty of information on offer which is a refreshing change. Unfortunately this doesn’t redeem the fact that most binary options products do not produce a profit and based off my research, Binary Options Robot doesn’t seem to be any different.
