One of the most contentious examples of an automated forex trading robot is called BinBot PRO. In addition to this, it is one of the very few automatic forex trading bots that was developed with binary options in mind specifically. The BinBot PRO program includes a plethora of additional trading bots that were developed to automate all types of deals, including those using cryptocurrencies. In this evaluation of BinBot PRO, we analyze the trading platform, discuss its place in the market for financial options, and, most importantly, assist you in determining whether or not it is a legitimate business.
What exactly is this BinBot PRO?
BinBot PRO is a piece of software developed by a third party that enables traders or users of the software to personalize and use the various forex trading robots in order to execute transactions and route them to linked brokers.
According to many internet sources, the forex trading program was first released in 2016, and since then, it has been gaining popularity due to the high accuracy rate of its trade assessments. BinBot PRO reddit threads and user reviews indicate that the software can assist you in trading both traditional currencies and cryptocurrencies. BinBot PRO evaluations written by users also support this claim.
You are able to trade on a variety of currency pairs, including Euros and US Dollars, both of which are considered to be fiat currencies. You also have the option of automating your Litecoin and Bitcoin trades by making use of the specialized cryptocurrency trading robot that is made available by the BinBot PRO program.
On the other hand, Trustpilot contains a number of reviews that are critical. The vast majority of users mentioned the ongoing financial difficulties they faced. Others, however, are of the opinion that the software is nothing more than a fraudulent scheme and a business endeavor designed to cause traders to lose more money than they earn using it.
The benefits and drawbacks of utilizing BinBot Pro Benefits
Major fiat currency pairs can be traded using BinBot PRO.
A success rate of 90% was claimed.
Trades in cryptocurrencies can be automated with BinBot PRO.
A variety of different trading assets
Provide a variety of trading robots, each supporting a different forex trading strategy
Many Reddit threads concerning BinBot PRO
Cons
Demo forex trading accounts are only active for a maximum of one minute and sixty seconds.
There is no information available concerning the previous performance of the robots.
Trustpilot ratings that are not positive
There are not many testimonials for BinBot PRO.
The markets, assets, and options offered by BinBot PRO
What kinds of tradable goods and assets are available to you when you use BinBot PRO?
The binary options market is given top priority by BinBot PRO because it is the area in which traders experience the most difficulty. The majority of the automated forex trading systems offered by BinBot PRO are designed specifically to overcome obstacles such as these.
On the other hand, there are a few forex trading robots that can assist you with the automation of cryptocurrency trades. One of the most notable of them is the Crypto ADX 2.0 trading robot, which is able to do automatic detection of both the STOCH and RSI levels. The robot performs an analysis of the volatility of each of the cryptocurrencies that it supports in this manner.
Both binary options and fiat currencies as well as cryptocurrencies can be automated with the trading software known as BinBot PRO and the individual trading robots that it includes. The United States Dollar (USD), Litecoin (LTC), Euros (EUR), and Bitcoin are among the most valuable assets (BTC).
What kinds of options for leveraged trading are available with BinBot PRO?
Direct leverage trading is not something that can be done with BinBot PRO. Instead, you can make use of any of the brokers and exchanges that have partnered with the software in order to acquire access to this forex trading option. In this scenario, the brokers will give you a leverage of one hundred to one on more than one hundred different trading assets.
Even if your trades are executed automatically by a computer, the use of leverage increases the likelihood that you will incur a loss. Before making the decision to use the leverage forex trading option as a novice, it is important to proceed with caution and make use of the risk prevention measures that are provided by the broker(s).
Where can I find the Spreads?
VideForex is the only broker that provides its customers with access to competitive spreads while using BinBot PRO. In the event that you are interested, the website of the broker contains additional details.
BinBot PRO’s pricing, cap levels, and available payment methods
What is the price of the BinBot PRO version?
There is no cost associated with using BinBot Pro because it is offered at no cost. To begin automating your trades in binary options and cryptocurrencies, you need just create a free account, make a deposit of at least $250, and then follow the on-screen instructions.
On the BinBot PRO website, there are no distinct account kinds available to users. This function is only accessible after establishing a trading account with one of the company’s affiliated brokers. When you do this, you will have the option of selecting an account type from the three that are the most common: bronze, silver, or gold. When you make your first deposit into any of those accounts, you are eligible to get a bonus of up to one hundred percent of your initial investment.
What kinds of payments does BinBot PRO allow, and how can I find out more?
The affiliated brokers of BinBot PRO provide customers with a variety of payment methods. To fund your account, all you need to do is click the option that says “Account Funding.” After completing the registration process, you will be taken to the payment page of the broker that you chose.
BinBot PRO doesn’t charge fees. To withdraw your money from partnered brokers, however, there is a fee associated with doing so. The fees often amount to no more than five percent of the total sum that you wish to withdraw. When you fund your account on the brokers’ website using credit cards, you can also be subject to a fee of the same or a similar amount.
Some of the payment ways that are accepted are as follows: Litecoin (in order to use this payment method, you will need to purchase Litecoin), Bitcoin (in order to use this payment method, you will need to purchase Bitcoin), MasterCard, and Visa.
• US Dollar Tether (USDT)
Does BinBot PRO additionally impose costs in the form of fees and commissions?
BinBot PRO does not assess any fees, and it does not have access to the money that is stored in your account.
Size and limit restrictions for BinBot PRO trades
The information that can be seen on the BinBot PRO website indicates that the minimum deposit for the BinBot PRO is $250. There was not any information that could be found on the maximum amount that may be deposited.
The platform that BinBot PRO uses.
How does BinBot PRO work?
To begin, the BinBot PRO gives you the ability to fully automate all of your trades. You can accomplish this in a few different ways. You are free to employ any of the pre-made forex trading robots in order to get an immediate head start on automating your trades. On the other hand, if you have any experience programming forex trading robots, you could want to think about building your own robot. You will have the ability to tailor the parameters to your liking and program the bot to respond to the trade commands you issue.
A demo account is available to you through BinBot PRO so that you can get a feel for the features it offers. It is more similar to a brief trial version that allows you to acquire an overall picture of the software before you commit to paying your account. The time allotted for the trial is one minute. After that, before the actual transactions are automated, you will have the opportunity to fund your account with the chosen broker in order to gain access to additional demo trading functionalities.
The following step is to select the foreign exchange trading robot that is most suitable for the assets that you intend to trade. Please take note that these bots may be found on the left-hand side of your BinBot PRO page and are rated according to the amount of importance they have had in recent times. At this time, the Crypto ADX 2.0 is the most popular option. Reportedly, it combines the STOCH and RSI indicators in order to confirm the level of volatility present in the market. This allows it to be utilized for automating cryptocurrency trades.
Depending on the currency pair(s) you want to trade in, you always have the option of selecting another forex trading robot from the list.
On what kind of mobile device can I use BinBot PRO?
Through their website, users are able to gain access to the BinBot PRO platform. This is due to the absence of a mobile application on their platform. The website is accessible by the majority of browsers currently available.
If you are particularly interested in trading via mobile app, you should investigate which of BinBot PRO’s broker-partners offer such a service. Alternately, you might check out our article on the best Bitcoin apps, in which we compare and contrast the major Bitcoin brokers who offer mobile apps.
Where can I get a list of the exchanges and brokers that BinBot PRO works with?
Users of BinBot PRO may take use of automated trading services for binary options and cryptocurrency thanks to a relationship between the software and four of the industry’s most prominent brokers.
These are the names of the brokers: iQcent, RaceOption, BinaryCent, and VideForex.
Is it possible for me to use BinBot PRO in my country?
BinBot PRO’s website does not include a list of the countries that are now supported. However, there is one thing that is absolutely crystal clear, and that is that trades from the United States are not allowed.
Emailing the customer support for BinBot PRO will allow you to obtain additional information regarding the countries that are now supported.
Is BinBot PRO localized to my language if it’s available?
The BinBot PRO software is compatible with a wide variety of languages. The languages that are supported are Dutch, French, English, and Chinese respectively.
How straightforward is the operation of BinBot PRO?
Using the trading software BinBot PRO is a breeze and requires no special skills. After you have registered, you will need to deposit funds into your brokerage account before you can begin trading. You have the option of sitting in front of your laptop and monitoring it yourself, or you may choose to attend to other matters while the robot completes the work.
When utilizing the preset trading robots, having any prior knowledge of technical indicators is not required of you at all. If you intend to build a bespoke trading robot, you should probably devote some of your time to researching various indications beforehand.
BinBot PRO Identifying characteristics
BinBot PRO was developed with some of the most cutting-edge features available on the market for automated forex trading robots. These features include support for a variety of currencies, a number of different robots, and a platform that is both dependable and quick.
Multiple Robots
Trading robots for binary options automated forex trading is the primary service that BinBot PRO provides. You can trade other assets, including cryptocurrencies, with the various trading robots at your disposal, including the ones that trade cryptocurrencies.
Support for a Number of Different Currencies
Additionally, BinBot PRO supports a wide variety of currencies and trading pairings. LTC/USDT, EUR/AUD, and AUD/USD are a few examples of these types of pairs.
A Platform That Is Both Quick and Dependable
Because the BinBot PRO platform is so easy to use, you can accomplish everything even while you’re on the move.
Security and Compliance with Regulations for BinBot PRO
Is BinBot PRO legit?
Despite the length of time that it has been available to consumers, it would appear that BinBot PRO is not a genuine product. Users who were unhappy with the software’s performance took their complaints to review websites such as Trustpilot in order to voice their dissatisfaction with the product.
Is it safe to use BinBot PRO?
Trading is a risky endeavor, and trading forex with automatic software is more worse. However, by utilizing the SSL security layer, BinBot PRO does its utmost to protect the users’ personal information as well as the specifics of their financial transactions.
Is there a safeguard for my money? When I use BinBot PRO, will I be protected?
The primary purpose of BinBot PRO is to protect your banking and payment information by utilizing its SSL security layer. The majority of the responsibility for protecting the fund is given to the brokers that are linked with BinBot PRO. You have a responsibility to investigate whether or not those brokers protect your cash and determine how they do so.
Is BinBot PRO subject to any regulations?
BinBot PRO is not subject to any regulations, no. The website does not provide any information regarding the software’s compliance with any authorized bodies, and this information is also not available on the website.
Does my account need to be verified before I can use BinBot PRO?
On the BinBot PRO platform, there is no requirement for you to validate your account. However, the brokers associated with the software may demand that you complete certain verification steps.
Additional Details Regarding the BinBot PRO
Educational tools and materials
As of the time that this review of BinBot PRO was being written, the website did not have any instructional resources.
Instrumentation and charting
Trading tools are not available with BinBot PRO. When it comes time to construct your trading robot, you could find that these tools come in rather handy. Because these are missing, you might want to think about using a different tool to create your charts. You will be able to discern trends with the assistance of the charts, and you will also be able to gain a general concept of the profitability score of the BinBot PRO forex trading robots.
Assistance to customers
Not only is the customer support team of BinBot PRO easily accessible, but they are also fully committed to responding to any questions or concerns you might have. Email and real-time chat are the two modes of communication available.
Instructions on how to begin using BinBot PRO
Following the steps below to get started with the large selection of automatic forex trading robots that BinBot PRO has to offer is as simple as pressing a few buttons:
• First, get through the free registration process.
Sign up in a flash for a BinBot PRO account, and then activate it by clicking the link that was supplied to the email address you provided.
• Proceed to Step 2, which is to Deposit Funds into Your Account
After completing registration, you will be taken to the broker’s website that you choose in the previous step. To fully benefit from the advantages of the automatic trading software, you must first deposit at least $250 into your account.
• The Third Step Is to Make Money Through Trading
You are now able to select a robot to begin automating trades in binary options and cryptocurrencies for you from among those that are already available, or you can build a robot from scratch using your own BinBot PRO settings.
If you already have an account, all you need to do is visit the official website, navigate to the page where you may login to BinBot Pro, and then sign in.
What Is the Real Deal with BinBot PRO?
Is BinBot PRO a fraud of some kind? No. The binary options trading process can be made simpler and more rewarding with the help of a robot known as BinBot PRO. It’s possible that if you configure BinBot PRO with the appropriate settings and parameters, you could make some money with it. Even though the BinBot PRO program isn’t regulated just yet, it doesn’t give off the impression of being a fraud. In addition to having been used for the past four years, the program is compatible with certain brokers and asserts a success rate of more than 90 percent.
Before you start utilizing BinBot PRO for automatic trades, you should do your research and other obligations to ensure that it meets most of your requirements.
