Binary Options Best Money Management Plan

With the growing popularity of binary options trading, the availability of tools such as robots have enabled some investors to increase their success rate binary options scam or legit . 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.

Introduction Binary Options Best Money Management Plan

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These are the 5 best binary options robots to use for automated trading:

1. 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+.
2. Deriv.com - Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year on a secure platform with responsive customer support.
3. 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.
4. GC Option - GC Option offers beginner-friendly binary options with 86% payouts and opportunities on forex, metals and cryptocurrencies. The broker stands out for its market-leading trading software and access to short-term opportunities with contracts spanning 60 seconds to 48 hours.
5. Binary.com - Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.

#1 - Pocket Option

Why We Chose Pocket Option

Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners binary trading success rate . 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+.

"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."

- DayTrading Review Team

• Min Deposit: $50
• Payout %: 92%
• Expiry Times: 5 seconds - 4 hours
• Bonus: 50% Deposit Bonus
• Platforms: Web, MT4, MT5
• Instruments: Forex, Crypto

About Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies binary options dex . With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

Pros

• The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
• 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
• The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries

Cons

• The MISA is a weak regulator with limited investor protection for retail traders
• Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
• The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year on a secure platform with responsive customer support.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team

• Min Deposit: $5
• Payout %: 100%
• Expiry Times: 15 seconds to 365 days
• Platforms: Deriv Trader, MT5
• Instruments: CFD, Forex, Crypto

About Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

Pros

• There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
• The free demo account is ideal for practicing short-term trading strategies and no registration is required
• The low $5 minimum initial deposit suits those on a lower budget

Cons

• There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
• There's no loyalty program or rebate scheme for high volume traders
• The range of 100+ assets trails some competitors such as Quotex which offers 400+

#3 - Videforex

Why We Chose 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.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team

• Min Deposit: $250
• Payout %: 98%
• Expiry Times: 5 seconds - 1 month
• Bonus: 20% to 200% Deposit Bonus
• Platforms: TradingView
• Instruments: CFD, Forex, Crypto

About Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

Pros

• You can easily mirror the trades of experienced investors with low fees
• Videforex allows you to enter positions with just ¢0.01
• The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios

Cons

• No MetaTrader 4 integration
• US clients aren’t accepted due to legal restrictions
• The broker isn’t overseen by a trusted regulatory agency

#4 - GC Option

Why We Chose GC Option

GC Option offers beginner-friendly binary options with 86% payouts and opportunities on forex, metals and cryptocurrencies. The broker stands out for its market-leading trading software and access to short-term opportunities with contracts spanning 60 seconds to 48 hours.

"Binary options traders who favor the MetaTrader 4 platform should try out GC Option. The double-touch contracts and selection of expiry times offer a good range of trading opportunities."

- DayTrading Review Team

• Min Deposit: $10
• Payout %: 86%
• Expiry Times: 1 minute - 48 hours
• Bonus: Risk Free Trading Days
• Platforms: MT4, TradingView
• Instruments: Forex, Crypto

About GC Option

GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.

Pros

• MetaTrader 4 and proprietary WebTrader platforms
• Spin-off brokerage of reputable Grand Capital
• Payouts up to 86%

Cons

• Withdrawal fees for some payment methods
• No copy trading
• Limited educational resources

#5 - Binary.com

Why We Chose Binary.com

Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.

"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."

- DayTrading Review Team

• Min Deposit: $5
• Payout %: 91%
• Platforms: MT5
• Instruments: CFD, Forex, Crypto

About Binary.com

Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.

Pros

• Sign up for a CFD or Multiplier account in minutes
• Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets
• Beginners can practise strategies in the demo account with unlimited virtual funds

Cons

• DTrader platform only available via web browser
• Narrow range of instruments vs other brokers
• Limited regulatory oversight

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

Binary Bot can be used to develop and implement binary options trading robots. The free software can trade 24/7 with multiple customization options.

Binary Bot can be used to develop and implement binary options trading robots. The free software can trade 24/7 with multiple customization options.

Option Robot offers free automated trading software for binary options. 83% average win rate and new investors can get started in three steps.

Option Robot offers free automated trading software for binary options. 83% average win rate and new investors can get started in three steps.

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.

All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.