More and more people are choosing to get into forex trading online. As such, site reviews like this BinBot Pro Review play a major role to help users identify the best brokers in the industry. This is all in an aim to protect clients and their funds from the scam broker sites out there. BinBot Pro is an online trading company that was established in 2016. The platform is fully automated, making it stand out from other online trading sites.
Clients simply need to register their pertinent details, activate their accounts by choosing their preferred broker, and proceeding to trade. To get a feel for how things go on this site, there is a BinBot Pro demo account. However, clients can only access it once they have registered for an account. This gives traders an in-depth chance to see the robots at work before choosing to place deposits for real trades. There are no additional educational materials on the platform to help newbie traders out. However, with automated trading platforms such as this one, users need not have previous forex trading experience. The platform is designed to do the heavy lifting for you.
Always use a regulated broker, choose from the brokers below instead of risking your money with unregulated alternatives.
Find the best trading platform. You capital is at risk when trading. Be careful.
Is BinBot Pro A Scam? Is BinBot Pro Regulated?
It’s important to find out whether an online trading site is legit before placing your money with them. This particular platform has been made available to users in 8 international languages. This goes to show the number of regions they hope to successfully influence with their reach. BinBot Pro is an automated system and therefore, you cannot check if they are personally regulated. You can, however, check the brokers they work with. In the past, their brokers were Finrally, formerly Finpari, and BinaryMate. They have, now, dropped those two and are working with 3 new brokers. These are BinaryCent, RaceOption and VideForex.
These three are not regulated brokers and they do not accept players from the US. As such, it’s important to check reviews on them to ensure they run their operations in a legal manner. This Forex trading site claims to have received 3 awards for its efforts but they cannot be verified. There are also no conclusive reports on any BinBot Pro Scam at the moment. The majority of those who call it a scam do so as a result of the fact that the activities carried out on the platform are automated. This means you can’t really follow the trades as they happen.
Alternatives To BinBot Pro
Having multiple brokers to choose from is the best way to make the most out of online forex trading. Different brokers offer different rates and terms of service. Pick the ones that are most suitable for your finances and needs. If BinBot Pro doesn’t quite sit well with you, you can have a look at an eToro review. This platform has a large following having been launched in 2007. Another online brokerage worth looking at is IQ Option. This platform is available on multiple portable devices. On top of that, newbies get a practice account credited with $10,000 in virtual money to test out the platform.